# LLMs.txt - Sitemap for AI content discovery # CoinSwitch > --- ## Pages ## Pages - [India's Crypto Portfolio 2024](https://coinswitch.co/switch/indias-crypto-portfolio-2024/): Previous Next Download - [bitcoin-halving-price-2024](https://coinswitch.co/switch/bitcoin-halving-price-2024/): Will 2024 Bitcoin Halving Drive Crypto Prices? Bitcoin halving is a defining feature of the pioneering crypto. It plays a... - [India’s Year End Crypto Portfolio Report 2023](https://coinswitch.co/switch/crypto/india-crypto-adoption-2023/): India’s Portfolio 2023 How India Invests in Crypto India’s Portfolio 2023 How India Invests in Crypto Market Resilience 2023 was... - [API Trading](https://coinswitch.co/switch/api-trading/): - [Pro Course](https://coinswitch.co/switch/pro-course/): Watch your favourite crypto news, explainers, analysis and much more on CoinSwitch Videos. - [India’s Year End Crypto Portfolio Report 2022](https://coinswitch.co/switch/crypto/india-crypto-adoption-2022/): Capital city Delhi leads India on crypto adoption—measured in terms of value invested—followed by India’s tech hubs of Bangalore and Hyderabad. - [RSS FEED](https://coinswitch.co/switch/rss-feed/): - [Newsletters](https://coinswitch.co/switch/newsletters/): Stay Tuned to CoinSwitch Crypto Newsletter to get information about Crypto News, Cryptocurrencies, Digital Assets & latest CoinSwitch updates. - [Glossary](https://coinswitch.co/switch/glossary/): Glossary From blockchain to NFT and everything in between, our glossary with a collection of 100+ words and definitions is... - [About](https://coinswitch.co/switch/about/): Navigate the new Financial World. Know when, how and most of all, why to trade crypto and other financial assets with Switch. - [Crypto](https://coinswitch.co/switch/crypto/): Stay up to date with the latest crypto news, features & commentary brought to you by CoinSwitch Kuber, the world's leading blockchain & crypto ecosystem. - [Videos](https://coinswitch.co/switch/videos/): Watch your favourite crypto news, explainers, analysis and much more on CoinSwitch Videos. - [Home](https://coinswitch.co/switch/): Get the latest crypto news & updates, trading insights & discover investment strategies on CoinSwitch. Stay tuned with the current trends in the crypto ecosystem! ## Posts ## Posts - [Crypto Market Today: News, Market Data & Analysis](https://coinswitch.co/switch/market-analysis/crypto-market-today/): ​We’re tracking the dynamic shifts in the cryptocurrency market today, where a complex mix of regulatory developments, geopolitical tensions, and... - [Panama Bill Propose Voluntary Cryptocurrency Acceptance](https://coinswitch.co/switch/crypto/panama-bill-on-cryptocurrency/): The Panama Bill on crypto assets, which have mostly remained unregulated, are gradually emerging as a regulated asset class thanks... - [Japan to Recognize Crypto Assets as Financial Instruments: A Game-Changer for the Industry](https://coinswitch.co/switch/news/japan-will-recognize-crypto-assets/): Japan has been a pioneer in crypto regulation. Recent reports from Nikkei suggest that the country is taking another major... - [What is the Crypto Fear and Greed Index?](https://coinswitch.co/switch/crypto/crypto-fear-and-greed-index/): The Crypto Fear and Greed Index provides a snapshot of market sentiment based on key metrics, helping traders decide on market entries and exits. Read more about the index and how it works. - [Gross Profit Vs. Net Profit: What's the Difference?](https://coinswitch.co/switch/personal-finance/gross-profit-vs-net-profit/): I. Introduction Gross profit and net profit are two important financial metrics for any company. They measure its profitability for... - [Share Market Tips for Beginners](https://coinswitch.co/switch/personal-finance/share-market-tips/): I. Introduction Share market tips related to investments can be a lucrative investment option, especially for budding investors who wish... - [Pivot Points: Definition, Formula & Calculation](https://coinswitch.co/switch/personal-finance/pivot-points/): I. Introduction Traders use pivot points as a main form of technical analysis to predict market movements by means of... - [How to Invest in Gold: Best Way to investment Gold](https://coinswitch.co/switch/personal-finance/how-to-invest-in-gold/): I. Introduction Investing in gold has been a dependable long-term approach to preserve wealth and investment against inflation. With different... - [Which Crypto Will Boom in 2025: 5 Promising Coins for Portfolio Growth](https://coinswitch.co/switch/crypto/which-crypto-will-boom-in-2025/): Introduction (Which Crypto Will Boom in 2025) As the crypto market evolves and digital assets emerge as viable alternative investments,... - [Positional Trading Strategy: Definition, Pros & Cons](https://coinswitch.co/switch/personal-finance/positional-trading-strategy/): I. Introduction Have you ever heard of positional trading? If not, but want to learn about it then we are... - [Trump Hosts First White House Crypto Summit  ](https://coinswitch.co/switch/crypto/trump-hosts-first-white-house-crypto-summit/): Introduction In a historic move, US President Donald Trump hosted the first-ever White House Crypto Summit on March 7, 2025,... - [Crypto Heatmap | Crypto Coins Heatmap](https://coinswitch.co/switch/crypto/crypto-heatmap/): Track all markets on TradingView The cryptocurrency market is fast-paced and volatile, making real-time data crucial for traders and investors.... - [Top 5 Technical Analysis Tools: Succeeding at Stock Trading](https://coinswitch.co/switch/personal-finance/technical-analysis-tools/): I. Introduction Technical analysis is a type of investment and trading where the prices are analyzed according to the prices... - [Trade Settlement: Meaning, Types & Violations](https://coinswitch.co/switch/personal-finance/trade-settlement/): I. Introduction Want to know more about trade settlement? Then we have crafted a guide just for you. Here, we... - [US President Trump signs order to establish Strategic Bitcoin Reserve (Updated)](https://coinswitch.co/switch/crypto/strategic-bitcoin-reserve/): US President Donald Trump signed an executive order on Thursday to create a Strategic Bitcoin Reserve and a separate Digital... - [Bitcoin CME Gaps: What They Are, and How to Trade Them](https://coinswitch.co/switch/crypto/bitcoin-cme/): Introduction In crypto trading, Bitcoin CME gaps have emerged as a significant area of interest for traders. These gaps appear... - [Section 115BBH: Virtual Digital Assets Taxation Scheme (Cryptocurrency Tax)](https://coinswitch.co/switch/crypto/section-115bbh-and-vda-tax/): With the rising popularity of crypto and digital assets, governments worldwide are implementing regulations to oversee the new asset class.... - [What is Stock Exchange in India: Functions, Meaning & Types in 2025](https://coinswitch.co/switch/personal-finance/stock-exchange-in-india/): I. Introduction Are you interested in stock market investment? Then you must begin by learning about the basics. And what... - [Top 5 Small Finance Bank Shares in India 2025](https://coinswitch.co/switch/personal-finance/small-finance-bank-shares/): I. Introduction Are you looking for the best small finance bank in India? Read this to find the top 5... - [What Is Kaito (KAITO)? Future Price Predictions & All You Need to Know](https://coinswitch.co/switch/news/kaito-coin-price-predictions/): Kaito Coin (KAITO) is an emerging crypto asset designed to bring innovation and efficiency to blockchain technology. With its unique... - [Reverse Stock Split: What it is, Examples and How it Works?](https://coinswitch.co/switch/personal-finance/reverse-stock-split/): I. Introduction A reverse stock split is a corporate action that reduces the number of outstanding shares of a company... - [Best chemical Stocks in India 2025](https://coinswitch.co/switch/personal-finance/best-chemical-stocks-in-india/): I. Introduction The chemical industry, a vital player in India, contributes significantly to the global market too. It is included... - [85% Historical 'Yes'! Pi Network Coin Community 'Convinces' Binance for Listing](https://coinswitch.co/switch/news/pi-network-coin-on-binance/): Pi Network’s native token, Pi Coin (PI), has captured the imagination of crypto enthusiasts with its unique approach to mobile... - [Capital Asset Pricing Model (CAPM): Meaning & Assumptions](https://coinswitch.co/switch/personal-finance/capital-asset-pricing-model/): I. Introduction If you are into share market investment and wondering what CAPM or Capital Asset Pricing Model is, then... - [Pi Coin Mainnet Launch | Binance to list Pi Coin? Rumor vs. Reality](https://coinswitch.co/switch/news/pi-coin-mainnet-launch/): Introduction The crypto world is buzzing with speculation about Pi coin mainnet launch and whether Binance will list Pi Coin.... - [What is Pi Coin’s Expected Launch Price?](https://coinswitch.co/switch/crypto/pi-coins-expected-launch-price/): Pi Network has gained significant global attention as a mobile-mined crypto project with a massive user base. As the network’s... - [How to Open Demat Account Online in 2025](https://coinswitch.co/switch/personal-finance/how-to-open-demat-account/): I. Introduction Anyone who wants to invest in the stock market must open a demat account. Whether you’re investing in... - [Momentum Trading Explained : A Basic Guide](https://coinswitch.co/switch/personal-finance/momentum-trading-explained/): I. Introduction Momentum trading often appears more like a reactive response to market trends than a well-thought-out strategy. After all,... - [Crypto Perpetual Futures on CoinSwitch PRO: A guide](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-perpetual-futures-on-coinswitch-pro-a-guide/): Financial and commodity derivatives—contracts that derive value from underlying traditional assets such as crude oil, gold, equities, and commodities—have grown... - [What is Book Value in Share Market and How to Calculate it?](https://coinswitch.co/switch/personal-finance/book-value-in-share-market/): I.  Introduction Assessing a listed company’s value is complex. Investors and analysts use various measures to determine if its valuation... - [Delisting of Shares / Stocks: Meaning & How It Works in 2025](https://coinswitch.co/switch/personal-finance/delisting-of-shares-and-stocks/): I. Introduction of delisting of shares The meaning of delisted is that a company’s shares no longer trade publicly on... - [Best mutual funds for lump sum investment in India in 2025](https://coinswitch.co/switch/personal-finance/best-mutual-funds-for-lump-sum/): I. Introduction of best mutual funds for a lump sum Mutual funds are an excellent investment option if you wish... - [SmartInvest on CoinSwitch PRO: Expert trading strategies to maximize profits](https://coinswitch.co/switch/crypto/smartinvest-on-coinswitch-pro/): Not all crypto traders are created equal. Depending on your market knowledge and technical expertise, crypto trading can be simple,... - [Income Tax Slabs and Rates: 2025–2026 Taxpayers Best Guide](https://coinswitch.co/switch/personal-finance/income-tax-slabs-and-rates/): Finance Minister Nirmala Sitaraman presented the Union Budget 2025-2026 on 1st February 2025. While the budget provided major personal income... - [Shareholders Equity - Definition, Formula, Calculation](https://coinswitch.co/switch/personal-finance/shareholders-equity/): I. Introduction The owners’ residual interest in a company, represented by shareholders equity, is the amount left over after all... - [Top Undervalued Stocks in India for 2025](https://coinswitch.co/switch/personal-finance/top-undervalued-stocks-in-india/): I. Introduction Shares of some corporations trade at less than their intrinsic values. Such shares are known as top undervalued... - [Microsoft is in Talks to Acquire TikTok, says Donald Trump](https://coinswitch.co/switch/news/microsoft-to-acquire-tiktok/): US President Donald Trump has said that tech giant Microsoft Corp. is in talks to acquire US operations of popular... - [DeepSeek's AI Breakthrough: Unveiling The Power](https://coinswitch.co/switch/news/deepseek-ai/): DeepSeek, a Chinese AI startup, has upended the world of AI with its latest large language model, R1. The performance... - [Trump Administration Repeals SAB 121, Greenlighting Banks to Custody Bitcoin and Crypto Assets](https://coinswitch.co/switch/news/trump-administration-repeals-sab-121-greenlighting-banks-to-custody-bitcoin-and-crypto-assets/): Introduction: In a landmark decision for the cryptocurrency market, the Securities and Exchange Commission (SEC), under the new Trump administration,... - [John McAfee 'Returns From the Dead' to Promote Memecoin on Elon Musk's X](https://coinswitch.co/switch/news/john-mcafee-memecoin/): The Event In an unexpected and surreal twist, the late cybersecurity magnate John McAfee, known for his eponymous antivirus software,... - [Exploring $Melania Coin: Price Trends, Market Cap, and More](https://coinswitch.co/switch/news/melania-coin-price-trends/): Introduction The crypto industry is known for its trendsetting offerings. Recently, $Melania Coin has caught the attention of investors who... - [Donald Trump’s $TRUMP Meme Coin Frenzy: What You Need to Know](https://coinswitch.co/switch/news/donald-trumps-trump-meme-coin/): Introduction US President Donald Trump launched his meme coin, $TRUMP, which is rapidly gaining popularity in the crypto market. CIC... - [Treasury Bills in India: Definition, Status and Rates](https://coinswitch.co/switch/personal-finance/treasury-bills/): I. Introduction Short-term debt units that the Government of India brings out to mobilize its short-term liquidity necessities are known... - [Standalone Vs Consolidated Financial Statements: Differences](https://coinswitch.co/switch/personal-finance/standalone-vs-consolidated/): I. Introduction Financial statements serve as an important tool to see how the company is doing financially. Standalone vs consolidated... - [How to Buy Melania Trump's $MELANIA meme coin](https://coinswitch.co/switch/news/melania-meme-coin/): Introduction Melania Trump, the new US first lady, is making waves in the crypto world with the launch of her... - [Donald Trump's New $TRUMP Meme Coin Rises 220% in Hours](https://coinswitch.co/switch/news/trump-meme-coin/): Introduction Donald Trump is making a splash in the crypto world. He understands branding and marketing well. Now, he is... - [What is CoinSwitch Pro, and how to use it ?](https://coinswitch.co/switch/crypto/what-is-coinswitch-pro-and-how-to-use-it/): India’s first rupee-denominated multi-exchange trading platform, CoinSwitch Pro. Trade crypto across exchanges with a single login. - [Best Pharma Stocks to Buy in India in 2025](https://coinswitch.co/switch/personal-finance/best-pharma-stocks/): I. Introduction The business of pharmaceuticals has been growing across the globe due to many driving forces, including increased health... - [Crypto Market Analysis | 15 January 2025 ](https://coinswitch.co/switch/market-analysis/15-january-2025/): Bitcoin is currently trading above $97K, marking a strong recovery after the sharp dip experienced over the past few days.... - [Crypto Market Analysis | 14 January 2025 ](https://coinswitch.co/switch/market-analysis/14-january-2025/): Bitcoin dropped below the critical $90,000 support before recovering to $94,859, signaling bearish momentum. Historically, January post-halving years have been... - [Crypto Market Analysis | 13 January 2025 ](https://coinswitch.co/switch/market-analysis/13-january-2025/): Crypto markets remained fairly stable during the weekend as Bitcoin prices hovered around the 94k mark without much volume. XRP,... - [What is a Taper Tantrum in India: Meaning & Examples](https://coinswitch.co/switch/personal-finance/taper-tantrum-in-india/): I.  Introduction The concept of ‘taper tantrum’ first came into public consciousness when the US Federal Bank decided to taper... - [FDI and FPI: What is The Difference?](https://coinswitch.co/switch/personal-finance/fdi-and-fpi/): I. Introduction Investment or capital is a key component of any country’s financial growth. However, in most cases, a country... - [Crypto Market Analysis | 9 January 2025 ](https://coinswitch.co/switch/market-analysis/9-january-2025/): Bitcoin dropped to $92,500 yesterday, dragging altcoins to double-digit losses. It has since rebounded above $94,000, with $90,000 as a... - [Crypto Market Analysis | 8 January 2025 ](https://coinswitch.co/switch/market-analysis/8-january-2025/): As Bitcoin took a nosedive yesterday after briefly crossing the crucial resistance at the 100k mark, other cryptos followed suit.... - [Crypto Market Analysis | 6 January 2025](https://coinswitch.co/switch/market-analysis/6-january-2025/): After 10 days of chopping, BTC is again close to testing the crucial 99. 5k USD mark – with 6... - [What is a Shareholder (Stockholder): Meaning, Equity, and Rights](https://coinswitch.co/switch/personal-finance/what-is-a-shareholder/): I. Introduction The person or entity who owns a portion of shares of a company is known as a shareholder.... - [What causes FII outflows and inflows in India in 2025](https://coinswitch.co/switch/personal-finance/fii-outflows-and-inflows/): I.  Introduction Foreign Institutional Investors, or FII, play a crucial role in the Indian investment market. But do you know... - [Crypto Market Analysis | 3 January 2025](https://coinswitch.co/switch/market-analysis/3-january-2025/): Bitcoin bulls continue the momentum as BTC is headed towards an important resistance at 100k mark which Bitcoin hasn’t been... - [Crypto Market Analysis | 2 January 2025](https://coinswitch.co/switch/market-analysis/2-january-2025/): Bitcoin remains range-bound between $92,300 and $96,000, facing resistance amid weakening US retail demand. The Coinbase Premium Index hit a... - [Best Defense Stocks to Buy in India 2025](https://coinswitch.co/switch/personal-finance/defense-stocks-to-buy-in-india/): I. Introduction Defense stocks in India refer to those of companies that make and sell defense technology, tools and services.... - [Best IT Stocks to Buy Now in India 2025](https://coinswitch.co/switch/personal-finance/best-it-stock-to-buy-now/): I. Introduction Not a day passes without you experiencing your daily life being affected by the IT industry in India.... - [Crypto Market Analysis | 27 December 2024](https://coinswitch.co/switch/market-analysis/27-december-2024/): After touching $99,000 on Christmas day, BTC has dropped to 96k again as we head to the new year. While... - [Crypto Market Analysis | 26 December 2024](https://coinswitch.co/switch/market-analysis/26-december-2024/): Bitcoin bulls pushed near the $100K mark, peaking at $99,963 before retreating below $99,000. December gains stand at 2%, but... - [Crypto Market Analysis | 20 December 2024](https://coinswitch.co/switch/market-analysis/20-december-2024/): The crypto markets saw another red day yesterday, marking two consecutive days of decline following the US Federal Reserve’s announcement... - [Crypto Market Analysis | 18 December 2024](https://coinswitch.co/switch/market-analysis/18-december-2024/): Bitcoin reached another all-time high yesterday, surpassing $108,300, but has since retraced to $104,400. This pullback has caused pain in... - [Crypto Market Analysis | 17 December 2024](https://coinswitch.co/switch/market-analysis/17-december-2024/): Bitcoin extended its weekend rally, hitting a new all-time high above $107,700, driven by rising spot volumes and the return... - [Crypto Market Analysis | 16 December 2024](https://coinswitch.co/switch/market-analysis/16-december-2024/): As BTC touched the all-time high again of $106k after 10 days of consolidation, Bitcoin seems to have marked its... - [Crypto Market Analysis | 13 December 2024](https://coinswitch.co/switch/market-analysis/13-december-2024/): With positive inflows in both BTC and ETH ETFs for more than ten days in a row, the bullish sentiment... - [Understand The Functions of Primary Market](https://coinswitch.co/switch/personal-finance/functions-of-primary-market/): I. Introduction The share market can be categorized into two types: primary market and secondary market. The primary market is... - [Best Sugar Stocks to Buy in India in 2025](https://coinswitch.co/switch/personal-finance/best-sugar-stocks/): The Indian sugar business is a very integral sector of the country’s economy. It helps out the farming industry and... - [Crypto Market Analysis | 11 December 2024](https://coinswitch.co/switch/market-analysis/11-december-2024/): Crypto markets tumbled after Microsoft shareholders rejected a proposal to diversify into Bitcoin, sparking a wave of selling pressure. Bitcoin... - [Purchasing Power Parity (PPP): Theory, Calculation and Examples](https://coinswitch.co/switch/personal-finance/purchasing-power-parity/): I. Introduction Most of the time, the concept of Purchasing Power Parity (PPP) is used to compare the economic output... - [Best Auto Ancillary Stocks to Invest in India 2025](https://coinswitch.co/switch/personal-finance/auto-ancillary-stocks/): I. Introduction The auto ancillary sector pertains to the segment that caters to the automotive industry with major input and... - [What is a mixed economic system: Examples, features, and model](https://coinswitch.co/switch/personal-finance/mixed-economic-system/): I. Introduction A mixed economy in India contains elements of both socialism and capitalism. It offers a mixture of free... - [Bitcoin Price (BTC) Touched 100k!!!!](https://coinswitch.co/switch/crypto/bitcoin-price-btc-touched-100k/): Introduction The world of digital assets is buzzing. The top cryptocurrency, bitcoin price touched the remarkable $100,000 milestone on Thursday.... - [Crypto Market Analysis | 5 December 2024](https://coinswitch.co/switch/market-analysis/5-december-2024/): Bitcoin has crossed the $100,000 milestone, driven by the successful debut of US spot ETFs and renewed optimism following pro-crypto... - [What are Redeemable Debentures: Meaning, Formula & Examples](https://coinswitch.co/switch/personal-finance/redeemable-debentures/): I. Introduction Debentures are a popular choice among many investors and the fact that companies pay regular interest to debentures... - [How to Make Money in Stocks](https://coinswitch.co/switch/personal-finance/how-to-make-money-in-stocks/): I. Introduction It takes time to understand how to make money in stocks. Very few people do it quickly. But... - [Crypto Market Analysis | 4 December 2024](https://coinswitch.co/switch/market-analysis/4-december-2024/): The crypto market regained stability after South Korean President Yoon Suk-yeol reversed his martial law declaration within six hours of... - [Navigating The Dynamic of FMCG Industry](https://coinswitch.co/switch/personal-finance/fmcg-industry/): I. Introduction Fast-Moving Consumer Goods, or FMCG, are goods that are bought and sold quickly and for a low price.... - [A Brief History of Infosys](https://coinswitch.co/switch/personal-finance/history-of-infosys/): I. Introduction Infosys is one of the main companies that work on generation, consulting, and emerging virtual services. Since its... - [Best Investment Plan for Regular Monthly Income in India 2025](https://coinswitch.co/switch/personal-finance/best-investment-plan-for-monthly-income/): I. Introduction As the financial world continues to accelerate, it is important to invest to protect your future. In contrast... - [Free Float Market Capitalization : A Handy Metric For All Investors](https://coinswitch.co/switch/personal-finance/free-float-market-capitalization/): If a business has free float market capitalization, its value is based only on the shares that are owned by... - [How to a Start Career in Stock Market in India](https://coinswitch.co/switch/personal-finance/how-to-start-a-career-in-stock-market-in-india/): I. Introduction The stock market is a place where people can buy and sell financial shares. Some of the most... - [Crypto Market Analysis | 27 November 2024](https://coinswitch.co/switch/market-analysis/27-november-2024/): Bitcoin’s price took a sharp dive, dropping 6. 3% to $90,800, after touching a historic high of $99,500 on November... - [Crypto Market Analysis | 26 November 2024](https://coinswitch.co/switch/market-analysis/26-november-2024/): Bitcoin faced a notable correction today, slipping 4. 6% to an intraday low of $92,584 from its earlier high of... - [Crypto Market Analysis | 25 November 2024](https://coinswitch.co/switch/market-analysis/25-november-2024/): Bitcoin reached an all-time high of $99,588 last week, with market participants eagerly anticipating the psychological $100K milestone. Currently, BTC... - [Crypto Market Analysis | 22 November 2024 ](https://coinswitch.co/switch/market-analysis/22-november-2024/): Bitcoin (BTC) is trading above $99,000, just 1% shy of the critical $100,000 mark, which would push its market cap... - [Crypto Market Analysis | 20 November 2024 ](https://coinswitch.co/switch/market-analysis/20-november-2024/): Bitcoin (BTC) briefly touched a new all-time high of above $94,000 on Tuesday, driven by Wall Street’s introduction of options trading... - [Crypto Market Analysis | 19 November 2024 ](https://coinswitch.co/switch/market-analysis/19-november-2024/): After an impressive surge last week, Bitcoin is currently consolidating within the $89K–$92K range, with each minor dip being quickly... - [Crypto Market Analysis | 14 November 2024 ](https://coinswitch.co/switch/market-analysis/14-november-2024/): Bitcoin surged past the key $90,000 resistance level early in the US trading session, quickly pushing even higher to peak... - [Why Bitcoin Price is Rising➚: Decoding the Bull Run](https://coinswitch.co/switch/crypto/bitcoin-price-is-rising/): Introduction The crypto market is excited as Bitcoin’s price has reached $103,364 for the first time. The big surge has... - [Dogecoin Price Surges Around 15% After Elon Musk and Trump's Impact](https://coinswitch.co/switch/crypto/dogecoin-price-surges/): Introduction The global crypto market is excited about Dogecoin’s price now with recent boom. Many are curious to know why... - [Best Crypto To Invest Now: Hottest Picks for November 2024](https://coinswitch.co/switch/crypto/best-crypto-to-invest-in-2024/): The global crypto market is booming, buoyed by the election of a pro-crypto candidate as US president. Bitcoin, the benchmark... - [Crypto Market Analysis | 11 November 2024](https://coinswitch.co/switch/market-analysis/11-november-2024/): Bitcoin (BTC) broke through another all-time high as it crossed 80,000 dollars for the first time in history. Even though... - [Crypto Market Analysis | 8 November 2024](https://coinswitch.co/switch/market-analysis/8-november-2024/): BTC touched another all time high of $76. 8k as bulls continue to dominate the crypto market on expectations of... - [Crypto Market Analysis | 7 November 2024](https://coinswitch.co/switch/market-analysis/7-november-2024/): Bitcoin surged to a new all-time high of $76,400 after Donald Trump’s election victory, amplifying optimism across the crypto sector.... - [Crypto Market Analysis | 5 November 2024](https://coinswitch.co/switch/market-analysis/5-november-2024/): Bitcoin dipped under $67,000 today after Mt. Gox transferred 32,000 BTC ($2. 2 billion) to new wallets, part of its... - [Crypto Market Analysis | 4 November 2024](https://coinswitch.co/switch/market-analysis/4-november-2024/): BTC found crucial support around the $67. 5k mark as a weekly bull flag might come into play this week.... - [Crypto Market Analysis | 29 October 2024](https://coinswitch.co/switch/market-analysis/29-october-2024/): After a prolonged stretch of sideways and bearish price action, Bitcoin (BTC) looks ready to challenge its all-time high of... - [Venture capital in India: Definition, Features, Types, and Process](https://coinswitch.co/switch/personal-finance/venture-capital-in-india/): I. Introduction Venture Capital (VC) is a pivotal force behind the startup boom in India. VC firms provide crucial funding... - [Crypto Market Analysis | 28 October 2024](https://coinswitch.co/switch/market-analysis/28-october-2024/): BTC closed the very important weekly close last week above the $68k mark, meaning we could soon see a rally... - [Relative Strength Index (RSI): Full Form, Strategy Indicator](https://coinswitch.co/switch/personal-finance/relative-strength-index-rsi/): I. Introduction One momentum oscillator that is employed to measure velocities and changes in the price movement of equities in... - [Trade Deficit in India: Meaning, Definition, Formula, and Impact](https://coinswitch.co/switch/personal-finance/trade-deficit-in-india/): I. Introduction Do you know what a trade deficit is? It is similar to a fiscal deficit, which shows the... - [Crypto Market Analysis | 25 October 2024](https://coinswitch.co/switch/market-analysis/25-october-2024/): Bitcoin roared back to the crucial trend line support around the $68k mark after dipping as low as $65. 2k... - [How to Identify and Trade the Bull and Bear Flag Patterns](https://coinswitch.co/switch/crypto-futures-derivatives/bull-and-bear-flag-patterns/): Introduction to Bull and Bear Flag Patterns Traders in technical analysis use chart patterns to grasp and forecast market changes.... - [The Significance of Crypto's Long Short Ratio](https://coinswitch.co/switch/crypto-futures-derivatives/significance-of-long-short-ratio/): Introduction In the fast world of financial markets, it is important to understand market sentiment to succeed. And crypto trading... - [Crypto Market Analysis | 24 October 2024](https://coinswitch.co/switch/market-analysis/24-october-2024/): Bitcoin experienced a notable decline on Wednesday, dropping from around $66,000 to a low of $65,260. The downturn coincided with... - [Mark Price And Last Price: Its Significance](https://coinswitch.co/switch/crypto-futures-derivatives/mark-price-and-last-price/): Introduction In the fast-changing world of crypto futures trading, understanding how market prices work is very important for making good... - [Exploring Perpetual Futures and Crypto Futures](https://coinswitch.co/switch/crypto-futures-derivatives/perpetual-and-crypto-futures/): Introduction of Perpetual Futures and Crypto Futures The crypto market has grown a lot. It has reached many highs, and... - [Crypto Market Analysis | 23 October 2024](https://coinswitch.co/switch/market-analysis/23-october-2024/): Bitcoin experienced a day of significant volatility, oscillating between bullish and bearish sentiments around the critical support level of $67,000.... - [Reasons to Choose Crypto Futures Trading on CoinSwitch Pro](https://coinswitch.co/switch/crypto-futures-derivatives/reasons-to-choose-crypto-futures-trading/): Introduction The crypto market presents many chances to make money, and a popular way to get involved is through crypto... - [Loan Against Shares: Interest Rate, Eligibility, & Meaning](https://coinswitch.co/switch/personal-finance/loan-against-shares/): I. Introduction Loan Against Shares (LAS) is when people borrow money from banks or financial establishments with any security as... - [Understand Fibonacci Retracement Levels & Their Significance](https://coinswitch.co/switch/personal-finance/fibonacci-retracement-levels/): I. Introduction Fibonacci retracement levels are popular among traders and investors. It helps them identify potential support or resistance levels... - [Dividend Payout Ratio: Definition, Formula and Calculation](https://coinswitch.co/switch/personal-finance/dividend-payout-ratio/): I.  Introduction Dividend ratio is a crucial aspect of share investment. Whether you are an investor or a company offering... - [Crypto Market Analysis | 22 October 2024](https://coinswitch.co/switch/market-analysis/22-october-2024/): Bitcoin’s price dipped to $67,000 on October 21, wiping out the gains from the past three days. The selloff continued... - [Crypto Market Analysis | 21 October 2024](https://coinswitch.co/switch/market-analysis/21-october-2024/): Bitcoin has broken past the $69,000 mark for the first time in three months. The surge points to the possibility... - [Most Common Crypto Futures Trading Mistakes](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-trading-mistakes/): Introduction Like any other financial market, success in crypto depends on your choices and careful planning. It is thus important... - [What is a IPO in Share Market & How Does It Work?](https://coinswitch.co/switch/personal-finance/what-is-ipo-in-share-market/): I. Introduction An IPO or an Initial Public Offering is crucial in the financial sector. This means that a business... - [Current Ratio: Formula, Meaning & Calculation](https://coinswitch.co/switch/personal-finance/current-ratio/): I. Introduction Financial ratios are key performance signs for assessing a company’s fulfillment. The current ratio is one among them.... - [Deferred Tax Liability: Calculate, Meaning & Examples](https://coinswitch.co/switch/personal-finance/deferred-tax-liability/): When tax responsibility builds up over a financial year but isn’t due until later, it is called deferred tax liability.... - [Crypto Market Analysis | 16 October 2024](https://coinswitch.co/switch/market-analysis/16-october-2024/): Bitcoin’s price moves took traders on a rollercoaster ride on Tuesday, as it surged to a nearly three-month high of... - [Crypto Market Analysis | 15 October 2024](https://coinswitch.co/switch/market-analysis/15-october-2024/): Bitcoin started the week on a strong note, reaching as high as $66,500. The big question now is whether this... - [Top 9 Passive Income Ideas To Make Money In 2024](https://coinswitch.co/switch/personal-finance/passive-income-ideas/): Introduction Nowadays everyone wants a side income. Who can’t use some extra cash every month—whether it is to live a... - [What Is Equity Share Capital & How To Calculate It?](https://coinswitch.co/switch/personal-finance/equity-share-capital/): I. Introduction Equity capital share is an important component of investment and finance. If you are curious about investment concepts... - [Crypto Futures Trading: Most Essential Tips](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-trading-tips/): Introduction In the fast-changing world of crypto, futures trading is a popular way for traders to make money from market... - [Funding Rate? A Comprehensive Crypto Futures Guide](https://coinswitch.co/switch/crypto-futures-derivatives/funding-rate-crypto-futures-2/): Introduction In the fast-changing world of crypto trading, perpetual futures contracts are becoming very popular. These contracts are different from... - [Equity Market: Definition, Function, Types, and Examples](https://coinswitch.co/switch/personal-finance/equity-market/): I.  Introduction A lot of people use the term equity market. But what is it, really? If you are curious... - [What are Equity Shares? Capital, Market & More](https://coinswitch.co/switch/personal-finance/equity-shares/): I.  Introduction Businesses can use various funding options when they need capital to support their day-to-day activities or a new... - [What is a Rights Issue of Shares and What Does It Mean?](https://coinswitch.co/switch/personal-finance/rights-issue/): When a company asks its present owners to buy more shares at a lower price, this is called a rights... - [What is a Share Buyback Or Stock Buyback?](https://coinswitch.co/switch/personal-finance/share-buyback-and-stock-buyback/): The buyback of shares is when a company decides to buy back its shares from its current owners; this is... - [Advance Crypto Order Types & Risk Management Techniques](https://coinswitch.co/switch/crypto-futures-derivatives/advance-crypto-order-types/): Introduction The crypto market offers many chances to make profits, just like other financial markets. However it is very unstable,... - [Successful Crypto Futures Trading Strategies [Advanced]](https://coinswitch.co/switch/crypto-futures-derivatives/advance-crypto-futures-trading-strategies/): Introduction Crypto futures are now a popular way for traders to take advantage of the ups and downs in the... - [What is a Crypto Futures Contract? & How They Work on Exchanges](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-contract/): Introduction The crypto market has grown rapidly. Bitcoin is now well-known and has sparked a lot of interest in digital... - [Crypto Futures Trading Strategies For Beginners](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-trading-strategies/): Introduction A futures contract allows traders to get involved in the futures market. With it, you agree to buy or... - [Understanding Open Interest insights for Crypto & Bitcoin Traders](https://coinswitch.co/switch/crypto-futures-derivatives/open-interest-insights-for-bitcoin-traders/): Introduction In the fast-changing world of Bitcoin trading, knowing market trends and predicting price changes is key to doing well.... - [Crypto Market Analysis | 30 September 2024](https://coinswitch.co/switch/market-analysis/30-september-2024/): BTC tested the key psychological support of $65k in the early hours of Monday as Japanese stock market index Nikkie... - [Crypto Market Analysis | 27 September 2024](https://coinswitch.co/switch/market-analysis/27-september-2024/): Bitcoin reached its highest price in two months as the monetary stimulus in two of the largest economies, the US... - [Crypto Market Analysis | 26 September 2024](https://coinswitch.co/switch/market-analysis/26-september-2024/): Bitcoin (BTC) is down 2%, retreating after encountering stronger-than-expected resistance at the $65,000 level. This pullback can be linked to... - [What is Long Short Ratio In Crypto Futures Trading?](https://coinswitch.co/switch/crypto-futures-derivatives/long-short-ratio/): Introduction Crypto futures trading can be very tricky. You need to understand how the market works and know your own... - [How Much Does it Cost to Trade in Crypto Futures on CoinSwitch Pro?](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-future-transaction-fees/): Introduction The crypto market has seen a huge increase in how much crypto is being traded. As trading products improve,... - [Crypto Market Analysis | 24 September 2024](https://coinswitch.co/switch/market-analysis/24-september-2024/): Bitcoin is facing a tough battle at the key resistance level of $65,000, maintaining a lower-high pattern. For bulls to... - [Crypto Technical Analysis: Understanding The Basics](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-technical-analysis/): Introduction The crypto market can be pretty volatile, but it can offer big profits. Traders use technical analysis to navigate... - [Funding Rate Crypto Futures: Manage Liquidation Risks and Maximize Profits](https://coinswitch.co/switch/crypto-futures-derivatives/funding-rate-crypto-futures/): Introduction In the changing world of crypto, perpetual futures contracts have become quite popular. A key part of this market... - [Crypto Market Analysis | 23 September 2024](https://coinswitch.co/switch/market-analysis/23-september-2024/): Bitcoin (BTC) is holding firm near its critical support at $62. 5K after a volatile but positive Sunday. Notably, BTC... - [Exploring Crypto Liquidation Strategies In Futures Trading](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-liquidation/): Introduction Futures contracts are agreements to buy or sell an underlying asset at a specific price at a specific future... - [Crypto Market Analysis | 20 September 2024](https://coinswitch.co/switch/market-analysis/20-september-2024/): With Bitcoin enjoying another green day following the recent Fed pivot, all eyes turned to the Bank of Japan (BOJ).... - [Crypto Market Analysis | 19 September 2024](https://coinswitch.co/switch/market-analysis/19-september-2024/): The Federal Reserve announced a 50 basis point cut to its benchmark interest rate, marking the first reduction since the... - [Crypto Market Analysis | 18 September 2024](https://coinswitch.co/switch/market-analysis/18-september-2024/): After a shaky start to the week, Bitcoin showed resilience yesterday, breaking above $61k, before settling around the $60. 5k... - [Share Market Basics: What Is Share Market In India, How to Invest, and Meaning](https://coinswitch.co/switch/personal-finance/stock-and-share-market-basics/): I. Introduction Interested in investing in the share market in India but don’t know where to begin? Not to worry... - [Foreign Direct Investment (FDI) in India: What It Is and What Are Its Types?](https://coinswitch.co/switch/personal-finance/foreign-direct-investment-and-fdi/): I.  Introduction If you are a business professional willing to expand your business across borders or an economy enthusiast, curious... - [Crypto Market Analysis | 17 September 2024](https://coinswitch.co/switch/market-analysis/17-september-2024/): Bitcoin’s price hovers near $58,000 as traders brace for the US Federal Reserve’s upcoming monetary policy decision, with markets largely... - [Revenue Expenditure: Meaning, What It Is, Examples & Formula](https://coinswitch.co/switch/personal-finance/revenue-expenditure/): Introduction Cost management is an essential part of running a business or an organization’s finances. A big part of these... - [Crypto Market Analysis | 16 September 2024](https://coinswitch.co/switch/market-analysis/16-september-2024/): Unable to sustain above the 60k mark, BTC fell sharply with the Asian market opening on Monday morning, with the... - [Understanding Beta in Stock Market: Formula, Types & Advantages](https://coinswitch.co/switch/personal-finance/beta-in-stock-market/): Introduction of Beta In Stock Market Beta in stock market is a number that investors use to determine how risky... - [Crypto Market Analysis | 13 September 2024](https://coinswitch.co/switch/market-analysis/13-september-2024/): Bitcoin has bounced back to above $58,000, driven by strong US Producer Price Index (PPI) data and a rebound in... - [The Tata Group: History, Listed Companies, Subsidiaries & Facts](https://coinswitch.co/switch/personal-finance/tata-group-company/): I. Introduction The Tata Group is a titan in the business world. Established in 1868, the Tatas have a long... - [Crypto Market Analysis | 12 September 2024 ](https://coinswitch.co/switch/market-analysis/12-september-2024/): US stock indexes rebounded strongly, closing near weekly highs despite a sharp drop following yesterday’s positive inflation data. This recovery... - [Crypto Market Analysis | 11 September 2024 ](https://coinswitch.co/switch/market-analysis/11-september-2024/): Bitcoin is trading in line with U. S. equities, which saw the S&P 500 and Nasdaq close higher for a... - [Supertrend Indicators: How Do Generate Buy & Sell Signals?](https://coinswitch.co/switch/personal-finance/supertrend-indicator/): I. Introduction Traders utilize something called the supertrend indicator to spot market trends. It is a technical analysis tool that... - [Crypto Market Analysis | 10 September 2024 ](https://coinswitch.co/switch/market-analysis/10-september-2024/): Bitcoin (BTC) marked its third consecutive green day—the first time in 50 days—but faced rejection at a key resistance level... - [Mastering Crypto Analysis: Top Techniques & Strategies For Trading Futures](https://coinswitch.co/switch/crypto-futures-derivatives/crypto-analysis-for-futures-trading/): Introduction The crypto market has a lot of ups and downs. This creates chances and risks for traders. To do... - [What Are Crypto Derivatives & Why Are They Essential?](https://coinswitch.co/switch/crypto-futures-derivatives/what-are-crypto-derivatives/): Introduction In the changing world of finance, crypto derivatives have become popular tools for traders. These financial agreements get their... - [Crypto Market Analysis | 9 September 2024 ](https://coinswitch.co/switch/market-analysis/9-september-2024/): Bitcoin is trading in a low-volume environment, showing no upward or downward movement, hovering around the $55K mark, a key... - [What is The Difference Between NSE and BSE: Which Is Better?](https://coinswitch.co/switch/personal-finance/difference-between-nse-and-bse/): I. Introduction NSE and BSE are the main stock exchanges to deal with in India. You would benefit from knowing... - [Double Top And Double Bottom Patterns: Indicators & How To Trade](https://coinswitch.co/switch/personal-finance/double-top-and-double-bottom-patterns/): I. Introduction Double top and double bottom are two vital indicators in trading that fall under the broad category of... - [ESOPs: Unlocking the Potential of a Comprehensive Guide](https://coinswitch.co/switch/personal-finance/esops-employee-stock-ownership-plan/): I. Introduction Are you interested in ESOPs and want to use them to transform your business? Our comprehensive guide about... - [Industry Analysis: What Is & Why Is It Important?](https://coinswitch.co/switch/personal-finance/industry-analysis/): I. Introduction Companies and businesses use different tools and techniques to analyze their industry and maintain a competitive edge in... - [Trading Psychology: Meaning, emotions, and tips on how to improve](https://coinswitch.co/switch/personal-finance/trading-psychology/): I.  Introduction Psychology is an important part of trading. It can play a pivotal role in determining the success of... - [What is the fiscal deficit of India, and how to calculate it: Meaning](https://coinswitch.co/switch/personal-finance/fiscal-deficit/): I. Introduction The stock market world is dynamic. If you are interested in being a part of it you should... - [Crypto Market Analysis | 3 September 2024 ](https://coinswitch.co/switch/market-analysis/3-september-2024/): After breaking below the 15-day low of $57. 1K, BTC bulls might offer a glimmer of hope despite the historically... - [What is good enterprise value? How to calculate and formula](https://coinswitch.co/switch/personal-finance/enterprise-value/): I.  Introduction The enterprise value formula is used as the base of various financial ratios. It helps to evaluate a... - [Crypto Market Analysis | 2 September 2024 ](https://coinswitch.co/switch/market-analysis/2-september-2024/): Bitcoin has lost all the gains it made last week and is now trading below the $57. 5k mark, seeing... - [EBITDA: Full form, meaning, formula, margin and calculations](https://coinswitch.co/switch/personal-finance/ebitda-meaning-and-full-form/): I. Introduction EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization is a key financial indicator. It explains an organization’s... - [Inverse Head and Shoulders Pattern: What it is & How it Works?](https://coinswitch.co/switch/personal-finance/inverse-head-and-shoulders-pattern/): I. Introduction Technical analysis is a crucial tool in finance. It empowers investors to pursue more educated choices by looking... - [Short Term Capital Gains (STCGs) on shares & how to calculate them](https://coinswitch.co/switch/personal-finance/short-term-capital-gains-and-stcg-tax/): I. Introduction The term Short Term Capital Gain (STCG) refers to the profit earned from selling shares that have been... - [Crypto Market Analysis | 30 August 2024 ](https://coinswitch.co/switch/market-analysis/30-august-2024/): Bitcoin has been very volatile throughout the week with bears taking the lead, bringing down Bitcoin’s price to $59k. Bitcoin... - [Price to Earnings (P/E) Ratio in Stock Market: What it is, Meaning, Formula, Examples?](https://coinswitch.co/switch/personal-finance/price-to-earnings-ratio/): Simply put, the Price to Earnings ratio is one of the tools to help you assess whether to make an... - [Crypto Market Analysis | 29 August 2024 ](https://coinswitch.co/switch/market-analysis/29-august-2024/): With another volatile day in crypto, Bitcoin bears dominated the market for most of the day, with little signs of... - [Symmetrical Triangle Pattern: Success Secrets to Mastering Your Financial Journey](https://coinswitch.co/switch/personal-finance/symmetrical-triangle-pattern/): I. Introduction There is no doubt that traders can benefit from studying chart patterns. There are many patterns one could... - [Crypto Market Analysis | 28 August 2024 ](https://coinswitch.co/switch/market-analysis/28-august-2024/): During a widespread crypto market sell-off, Bitcoin (BTC) plummeted to $58,000, and Ethereum (ETH) also dropped below the $2,500 mark.... - [How to Invest in Nifty Index Funds: A comprehensive guide](https://coinswitch.co/switch/personal-finance/how-to-invest-in-nifty-index-funds/): I. Introduction How to Invest in nifty index funds is a simple yet effective way to earn money. Today, a... - [Crypto Market Analysis | 27 August 2024](https://coinswitch.co/switch/market-analysis/27-august-2024/): After meeting with stiff resistance at $65k, BTC corrected to $63k even as the US ETFs continue to see record... - [Intrinsic Value of A Stock/Share: What It Is & how to calculate](https://coinswitch.co/switch/personal-finance/intrinsic-value-of-a-stock-and-share/): I. Introduction of Intrinsic Value Smart investing requires an understanding of the intrinsic value of a share. Having such an... - [Crypto Market Analysis | 26 August 2024](https://coinswitch.co/switch/market-analysis/26-august-2024/): After touching $65k on the weekend, Bitcoin bears have started to feel the pain as market volatility has decreased significantly,... - [Crypto Market Analysis | 23 August 2024](https://coinswitch.co/switch/market-analysis/23-august-2024/): Facing strong resistance around the $61k level, BTC seems to be taking a breather after a volatile week. However, it... - [What is Trade Receivables Turnover Ratio: Formula And Examples](https://coinswitch.co/switch/personal-finance/trade-receivables-turnover-ratio/): I.  Introduction The Trade Receivables Turnover Ratio is a financial metric that helps to evaluate how well a company can... - [What Are Non-Current Liabilities? Definition](https://coinswitch.co/switch/personal-finance/non-current-liabilities/): I. Introduction Non-current or long-term liabilities are those financial commitments that a company has previously undertaken for its benefit. Understanding... - [Current Liabilities: What it is, meaning, examples and formula](https://coinswitch.co/switch/personal-finance/current-liabilities-examples/): I. Introduction Current liabilities are often used to describe short-term financial obligations or debt owed by individuals or enterprises. It... - [How Per Capita Income Is Calculated: Formula & Examples](https://coinswitch.co/switch/personal-finance/per-capita-income/): I. Introduction The term ‘per capita’ comes from the Latin phrase ‘by head. ’ The term is ordinarily used to... - [Share Market Books: A Beginner’s Guide To Embarking On The Stock Market Journey](https://coinswitch.co/switch/personal-finance/share-market-books/): I. Introduction Learning something new is always exciting. However, it can also be quite challenging if you are encountering many... - [What Is Net Working Capital & How to Calculate With Formula](https://coinswitch.co/switch/personal-finance/net-working-capital/): I. Introduction If you want to invest in a company or are building your own, how do you know if... - [Crypto Market Analysis | 22 August 2024 ](https://coinswitch.co/switch/market-analysis/22-august-2024/): As BTC bulls are showing strength above $60k, bears have started to show interest at the 21-week exponential moving average... - [What is Share Capital & What Are Its Types?](https://coinswitch.co/switch/personal-finance/what-is-share-capital/): Shares usually refer to ownership in the company. It is an important concept in the corporate world. Share capital is... - [What is a floating interest rate, and how does it work?](https://coinswitch.co/switch/personal-finance/floating-interest-rate/): A floating interest rate, also known as a variable rate or adjustable rate, is an important concept in the world... - [What Are Current Assets: Meaning, Examples And Formula](https://coinswitch.co/switch/personal-finance/current-assets-definition/): A current asset is also known as a liquid asset. It is an asset that businesses can convert into cash... - [Market efficiency explained: Differing opinions and examples](https://coinswitch.co/switch/personal-finance/market-efficiency-overview/): Market efficiency is the extent to which market prices consider all relevant and available information. Since there are no accessible... - [Crypto Market Analysis | 21 August 2024 ](https://coinswitch.co/switch/market-analysis/21-august-2024/): While BTC started yesterday with a decent spike to the $61k level, it could not sustain the gains when the... - [Crypto Market Analysis | 20 August 2024 ](https://coinswitch.co/switch/market-analysis/20-august-2024/): After trading below 60k USD for the last 6 days, BTC broke above 60k with bulls displaying their strength as... - [Crypto Market Analysis | 16 August 2024](https://coinswitch.co/switch/market-analysis/16-august-2024/): Before Bitcoin tests the $58,500 level again, it’s worth noting that major US indexes performed well today, with the Nasdaq... - [Crypto Market Analysis | 14 August 2024](https://coinswitch.co/switch/market-analysis/14-august-2024/): As the crypto market awaits the inflation figures from the United States, BTC reached the $61. 5k level while maintaining... - [Crypto Market Analysis | 13 August 2024 ](https://coinswitch.co/switch/market-analysis/13-august-2024/): With BTC trading sideways seeking support around the $58k mark, investors await crucial data this week to decide a direction... - [Crypto Market Analysis | 12 August 2024 ](https://coinswitch.co/switch/market-analysis/12-august-2024/): U. S. spot Bitcoin ETFs have recently attracted substantial capital, with over $192 million pouring into these funds. BlackRock’s IBIT... - [Crypto Market Analysis | 9 August 2024 ](https://coinswitch.co/switch/market-analysis/9-august-2024/): Bitcoin is trading at $61. 27k, reflecting a resurgence in the crypto market. This uptick is driven by renewed investor... - [Crypto Market Analysis | 8 August 2024](https://coinswitch.co/switch/market-analysis/8-august-2024/): As broader crypto markets consolidate after the recent drawdown, BTC fell as low as $54k and ETH is trading at... - [Crypto Market Analysis | 7 August 2024](https://coinswitch.co/switch/market-analysis/7-august-2024/): Market volatility persists as Bitcoin (BTC) rebounded with a 5% gain today, following four consecutive days of significant losses. On-chain... - [Crypto Market Analysis | 6 August 2024](https://coinswitch.co/switch/market-analysis/6-august-2024/): After witnessing one of the biggest crashes in crypto of all time, with BTC losing more than $250 billion in... - [Crypto Market Analysis | 5 August 2024](https://coinswitch.co/switch/market-analysis/5-august-2024/): Bitcoin has plummeted to $53,000, marking a significant decline, while Ether has also turned negative for 2024, reflecting broader concerns... - [Crypto Market Analysis | 2 August 2024  ](https://coinswitch.co/switch/market-analysis/2-august-2024/): Bitcoin witnessed a significant decline, falling over 10% within 72 hours after reaching a peak of $70,000. This sharp downturn... - [Crypto Market Analysis | 1 August 2024 ](https://coinswitch.co/switch/market-analysis/1-august-2024/): Bitcoin briefly fell below $65,000 after the US Federal Reserve said it would keep interest rates unchanged. However, with the... - [Crypto Market Analysis | 31 July 2024](https://coinswitch.co/switch/market-analysis/31-july-2024/): Broader crypto markets continued retracing for another day, as investors await the interest rate decision from the Bank of England... - [Unveiling the essence of Return on Assets: A guide to meaning, formula, and ratio](https://coinswitch.co/switch/personal-finance/return-on-assets/): I. Introduction Heard of ROA but don’t know what it is exactly? ROA or Return on Assets is a finance-related... - [The magic of compounding: Understanding, advantages, and how it works](https://coinswitch.co/switch/personal-finance/power-of-compounding/): I.  Introduction The practice of reinvesting profits from an asset—be they interest or capital gains—to produce further earnings over time... - [Navigating the stock market: A beginner’s guide to trading](https://coinswitch.co/switch/personal-finance/stock-market/): I. Introduction Although navigating them is challenging, stock markets are lucrative. But before you get started, there is a need... - [Decoding Sensex and Nifty: Unveiling the significance of India’s market indices](https://coinswitch.co/switch/personal-finance/sensex-and-nifty/): I. Introduction Popular Indian marketplace indexes, including Sensex and Nifty, underscore the performance of the National Stock Exchange (NSE) and... - [Demystifying operating profit: A comprehensive guide](https://coinswitch.co/switch/personal-finance/operating-profit-formula/): I. Introduction Operating profit, also known as operating income, is a metric used to evaluate an enterprise’s profitability from ongoing... - [Crypto Market Analysis | 30 July 2024](https://coinswitch.co/switch/market-analysis/30-july-2024/): Following a recent high of $70,000, Bitcoin briefly fell below the $66,000 mark yesterday. This dip was triggered by the... - [Stock market basics: What beginner investors should know](https://coinswitch.co/switch/personal-finance/stock-market-basics/): Introduction Shares of publicly listed corporations can be purchased and sold by investors on the stock market. Key ideas including... - [Unlocking the golden cross pattern: A guide with real-life examples](https://coinswitch.co/switch/personal-finance/golden-cross-pattern/): Introduction When an asset’s 50-day moving average goes above its 200-day moving average, a technical sign appears. It is called... - [Unlocking the basics of Statutory Liquidity Ratio (SLR) in India: A comprehensive guide](https://coinswitch.co/switch/personal-finance/statutory-liquidity-ratio/):  I. Introduction Probing the fundamentals of the banking sector’s Statutory Liquidity Ratio (SLR) in India opens the floodgates to investigating... - [Fungibility: What it means, and why it matters](https://coinswitch.co/switch/personal-finance/what-is-fungibility/): I. Introduction Navigating the digital world and marketplace without knowing about fungible tokens and assets can be challenging. It can... - [Understanding assets and liabilities: Unraveling the differences with real-life examples](https://coinswitch.co/switch/personal-finance/assets-and-liabilities/): Introduction Assets are things that a company owns, like money, property, or equipment. Liabilities are things that a company owes... - [Crypto Market Analysis | 29 July 2024](https://coinswitch.co/switch/market-analysis/29-july-2024/): Bitcoin has seen considerable volatility recently, largely driven by former US President Donald Trump’s proposal to designate Bitcoin as a... - [Understanding BO ID in the share market](https://coinswitch.co/switch/personal-finance/bo-id/): I. Introduction Without appropriate identification mechanisms in place, exploring the share market can be intimidating. Transparency, accountability, and successful transactions... - [Crypto Market Analysis | 26 July 2024](https://coinswitch.co/switch/market-analysis/26-july-2024/): The global financial markets experienced turbulence as Bitcoin and global stocks fell sharply. China’s unexpected interest rate cut ignited fears... - [What are Non-Performing Assets: Meaning, examples, and types](https://coinswitch.co/switch/personal-finance/non-performing-assets/): I. Introduction In the global financial system, Non-Performing Assets (NPAs) represent a danger to banks and other financial institutions. NPAs... - [Understanding trend analysis and trend trading strategies](https://coinswitch.co/switch/personal-finance/trend-analysis/): I. Introduction If you are interested in stock market trading, you must learn about trend analysis and its importance in... - [What are angel investors in India: Meaning, examples, feature](https://coinswitch.co/switch/personal-finance/angel-investor/): Introduction High-net-worth Indian individuals interested in investing are known as angel investors. They give money to businesses in return for... - [Demystifying Cost Inflation Index for the financial year 2024-25: A comprehensive guide](https://coinswitch.co/switch/personal-finance/cost-inflation-index/): Introduction Purchasing power, the quantity of goods and services that money can purchase, declines with the passage of time. If ... - [Ascending Triangle Pattern: What it is, and how to trade it](https://coinswitch.co/switch/personal-finance/ascending-triangle-pattern/): I. Introduction Are you keen on technical analysis? Then you should know about the ascending triangle pattern on charts because... - [Unveiling the Cup and Handle pattern: A guide to trading strategies in real life](https://coinswitch.co/switch/personal-finance/cup-and-handle-pattern/): I. Introduction In the domain of technical analysis, grasping chart patterns can yield brilliant price movements and market trends. These... - [Crypto Market Analysis | 25 July 2024](https://coinswitch.co/switch/market-analysis/25-july-2024/): Bitcoin’s decline persists amid ongoing transfers to Mt. Gox creditors, impacting market sentiment. The slump in BTC isn’t an isolated... - [Descending triangle pattern](https://coinswitch.co/switch/personal-finance/descending-triangle/): I. Introduction The descending triangle pattern is one of the crucial chart patterns in technical analysis. The descending triangle is... - [Navigating the financial landscape: Understanding equity shares vs. preference shares](https://coinswitch.co/switch/personal-finance/equity-shares-and-preference/): I. Introduction The stock market is a mind-boggling ecosystem where companies share shares to raise funds. Anyone interested in investing... - [Crypto Market Analysis | 24 July 2024](https://coinswitch.co/switch/market-analysis/24-july-2024/): The biggest news of the day remained the beginning of trading in Ethereum ETFs, with ETH ETFs totaling a volume... - [Demystifying the price-to-book ratio: A simple guide](https://coinswitch.co/switch/personal-finance/price-to-book-ratio/): I. Introduction The price-to-book ratio is a common thing. It is an industry screening tool and an index of the... - [Demystifying Cash Reserve Ratio (CRR): Understanding the rate, meaning, formula, and how to calculate](https://coinswitch.co/switch/personal-finance/cash-reserve-ratio-crr/): I. Introduction The Cash Reserve Ratio, or CRR, is the minimum amount that the Central Bank says commercial banks must... - [Unravelling net interest income: Understanding the meaning and formula](https://coinswitch.co/switch/personal-finance/net-interest-income/): I. Introduction Have you ever wondered how banks bring in money, and how to choose a safe bank? Net Interest... - [Income Tax Slab: A Guide for Taxpayers in 2024 – 2025](https://coinswitch.co/switch/personal-finance/income-tax-slab-2024-2025/): The budget 2024 is out and crypto investors were left wishing for more as Finance Minister Sitaraman did not make... - [Crypto Market Analysis | 23 July 2024](https://coinswitch.co/switch/market-analysis/23-july-2024/): Bitcoin continues its uptrend as it finds support at the crucial $66. 6k. However, $69k is a major resistance that... - [Navigating finances: Unravelling the differences between capital and revenue expenditure](https://coinswitch.co/switch/personal-finance/capital-expenditure/): I. Introduction Working information on financial terminology is vital for effective financial management. So, understanding the distinctions between Capital Expenditure... - [Pre-open market stock trading in India: Unveiling strategies for success](https://coinswitch.co/switch/personal-finance/pre-open-market/): The pre-open market session is trading activity before the regular market opens. This short period allows traders in India to... - [What are stock splits in India: Meaning, history, and ratio](https://coinswitch.co/switch/personal-finance/what-a-stock-split/): When a business splits its stock, the number of shares it has goes up, but its market value stays the... - [Long Term Capital Gains (LTCG) tax in India 2024: Exemptions](https://coinswitch.co/switch/personal-finance/long-term-capital-gains-tax/): Profits for the sale of assets held for a period exceeding 12 months are levied with what is known as... - [What is Quick Ratio, and how to calculate it: Meaning and formula](https://coinswitch.co/switch/personal-finance/understanding-quick-ratio/): The quick ratio is a way to measure whether a business can pay off its short-term bills. The Quick Ratio... - [Candlestick chart pattern in trading: Analysis, types, and basic information](https://coinswitch.co/switch/personal-finance/candlestick-chart-in-trading/): The candlestick chart pattern is a very popular and effective trading tool that comes under the broad category of trading... - [Crypto Market Analysis | 22 July 2024](https://coinswitch.co/switch/market-analysis/22-july-2024/): Bitcoin (BTC) surged to a one-month high, reaching $66,700 amid a global IT outage caused by a software update from... - [Empowering progress: Unveiling the growth trajectory of the semiconductor industry in India](https://coinswitch.co/switch/personal-finance/can-india-truly-become-a-global-semiconductor-hub/): Introduction Most new technologies, from computers to guns, depend on semiconductors. So it isn’t surprising that almost every country is... - [What is the difference between shares and debentures?](https://coinswitch.co/switch/personal-finance/shares-and-debentures/): I. Introduction In the financial world, shares and debentures are two distinct financial instruments that come with their own advantages... - [Everything you need to know about Hammer Candlestick patterns: Meaning, formula, and example](https://coinswitch.co/switch/personal-finance/what-is-hammer-candlestick/): Predicting market movements is tough. Yet technical analysis offers some help as it tries to make sense of stock market... - [Demystifying equity: Understanding its significance in finance](https://coinswitch.co/switch/personal-finance/demystifying-equity/): In financial terms, equity means the value of something minus the amount that is owed on it. Thus, a house... - [The power of e-invoicing: Streamlining your business finances](https://coinswitch.co/switch/personal-finance/the-power-of-e-invoicing/): E-invoicing, short for electronic invoicing, is a digital method of creating, transmitting, and receiving invoices between businesses to simplify business-to-business... - [Your crypto holdings are safe with CoinSwitch](https://coinswitch.co/switch/crypto/your-cryptos-are-safe-with-coinswitch/): A security breach was recently reported at WazirX. This news might be alarming to all CoinSwitch users and crypto traders... - [Crypto Market Analysis | 19 July 2024](https://coinswitch.co/switch/market-analysis/19-july-2024/): In the US, major financial firms including BlackRock, Fidelity, 21Shares, Grayscale, Bitwise, and Invesco Galaxy have submitted their final S-1... - [Unveiling the power play: Understanding Porter’s Five Forces in business](https://coinswitch.co/switch/personal-finance/porters-five-forces/): I. Introduction In this competitive age, businesses must be aware of their competition in the market and how they impact... - [How to invest in the share market: A beginner's guide](https://coinswitch.co/switch/personal-finance/invest-in-the-share-market/): We work hard to earn a living and work even harder to save from our earnings. Savings and investments are... - [Five things to keep in mind before investing in US stocks](https://coinswitch.co/switch/us-stocks/five-things-to-keep-in-mind-before-investing-in-us-stocks-3/): Introduction to US stocks US stocks offer an attractive investment option for global investors. Several companies listed on the US... - [Crypto Market Analysis | 18 July 2024](https://coinswitch.co/switch/market-analysis/18-july-2024/): After 5 consecutive green days, BTC encountered a red day as the US top stock market index- NASDAQ 100 also... - [Crypto Market Analysis | 17 July 2024](https://coinswitch.co/switch/market-analysis/17-july-2024/): Bitcoin reclaimed the $65k level. Even the news of Mt Gox moving 91,755 BTC worth $5. 8 billion could not... - [Demystifying CDSL: The backbone of India's securities market](https://coinswitch.co/switch/personal-finance/demystifying-cdsl/): CDSL, short for Central Depository Services Limited, is a securities depository in India that facilitates the holding and transfer of... - [Mastering the golden rules of accounting: A fundamental guide](https://coinswitch.co/switch/personal-finance/golden-rules-of-accounting/): How do you measure the true value of a company or an individual? At a basic level, sales/income should be... - [Crypto Market Analysis | 16 July 2024   ](https://coinswitch.co/switch/market-analysis/16-july-2024/): BTC’s rebound that followed Trump’s assassination attempt continues as BTC posted a third straight green candle with little resistance to... - [Crypto Market Analysis | 15 July 2024   ](https://coinswitch.co/switch/market-analysis/15-july-2024/): Bitcoin is currently priced above $62k, experiencing a surge following an assassination attempt on the former U. S. President Donald... - [Crypto Market Analysis | 12 July 2024   ](https://coinswitch.co/switch/market-analysis/12-july-2024/): Germany has rapidly offloaded its confiscated Bitcoin holdings, transferring over 35,000 BTC, valued at $3 billion, to exchanges in the... - [Crypto Market Analysis | 11 July 2024   ](https://coinswitch.co/switch/market-analysis/11-july-2024/): BTC, which has been unable to go beyond the $58k mark for the last week, continued its sideways run as... - [Crypto Market Analysis | 10 July 2024   ](https://coinswitch.co/switch/market-analysis/10-july-2024/): Bitcoin has started to move slowly and steadily towards the upside again, even as $58. 3k remains the level to... - [Crypto Market Analysis | 9 July 2024  ](https://coinswitch.co/switch/market-analysis/9-july-2024/): With Bitcoin trading below the critical resistance level at $58. 4k, bears are looking to strengthen their grip even as... - [Crypto Market Analysis | 8 July 2024  ](https://coinswitch.co/switch/market-analysis/8-july-2024/): The Crypto Fear & Greed Index has dropped to 29, its lowest point since January 2023, as Bitcoin’s price fell... - [What is Ethereum Virtual Machine and how does it work?](https://coinswitch.co/switch/crypto/what-is-ethereum-virtual-machine/): Put simply, the Ethereum Virtual Machine (EVM) is the engine that powers the Ethereum network. EVMs boost the Ethereum blockchain... - [Crypto Market Analysis | 5 July 2024  ](https://coinswitch.co/switch/market-analysis/5-july-2024/): Crypto prices nosedived in the last 24 hours, with massive liquidations further fuelling the drop in prices. With 3 major... - [Total Value Locked (TVL) explained: Why TVL matters in DeFi](https://coinswitch.co/switch/crypto/total-value-locked-tvl-explained/): How do you measure the overall health of a DeFi protocol? Total value locked (TVL), a metric used in the... - [Crypto Market Analysis | 4 July 2024 ](https://coinswitch.co/switch/market-analysis/4-july-2024/): BTC crashed to a new three-month low of under $58k before a mini recovery back to just under $60k. While... - [Crypto Market Analysis | 3 July 2024 ](https://coinswitch.co/switch/market-analysis/3-july-2024/): After the recent dump, Bitcoin has been creating higher highs and higher lows, as it looks poised to breach the... - [Crypto Market Analysis | 2 July 2024](https://coinswitch.co/switch/market-analysis/2-july-2024/): Bitcoin seems to have recovered from the dump of the recent days as $60k turned out to be a good... - [Ethereum roadmap: The way ahead after Merge](https://coinswitch.co/switch/crypto/ethereum-roadmap-after-merge/): Innovation, it appears, is a way of life with the Ethereum blockchain that enables an entire ecosystem of decentralized applications.... - [Crypto Market Analysis | 1 July 2024](https://coinswitch.co/switch/market-analysis/1-july-2024/): The EU’s new Markets in Crypto-Assets (MiCA) regulation has taken effect, providing comprehensive legal and regulatory clarity for the digital... - [Crypto Market Analysis | 28 June 2024 ](https://coinswitch.co/switch/market-analysis/28-june-2024/): Asset manager VanEck’s filing for the first Solana (SOL) exchange-traded fund (ETF) in the US has sparked a 6% surge... - [Bollinger Bands Indicator: How to use BB indicator to trade cryptocurrencies](https://coinswitch.co/switch/crypto/bollinger-bands-indicator/): Crypto trading is a fast-paced world with phases of extreme volatility punctuated by extended periods of bull runs and spiraling... - [Crypto Market Analysis | 27 June 2024 ](https://coinswitch.co/switch/market-analysis/27-june-2024/): BTC traded sideways for another day as the recent price dump started to consolidate around the $60k mark. With the... - [Crypto Market Analysis | 26 June 2024](https://coinswitch.co/switch/market-analysis/26-june-2024/): Bitcoin continues to hold the $61k mark. It’s only the second-highest gainer day in June so far as the overall... - [Crypto Market Analysis | 25 June 2024  ](https://coinswitch.co/switch/market-analysis/25-june-2024/): It was a rather unusual day for the crypto market. While Bitcoin (BTC) plummeted by over 8% at one point,... - [Crypto Market Analysis | 24 June 2024  ](https://coinswitch.co/switch/market-analysis/24-june-2024/): Bitcoin has fallen below $64,000 for the first time since mid-May, aligning with a broader market downturn as both the... - [Crypto scalping strategies to consider in 2024](https://coinswitch.co/switch/crypto/top-crypto-scalping-trading-strategy/): In trading, strategy is king, be it day trading or long-term investing. Crypto intraday trading involves buying and selling crypto... - [How to play & earn with Axie Infinity: A complete guide](https://coinswitch.co/switch/crypto/play-and-earn-with-axie-infinity/): GameFi, a niche segment in the Web3 gaming space, is all about blockchain games or play-to-earn games that allow users... - [Crypto Market Analysis | 21 June 2024  ](https://coinswitch.co/switch/market-analysis/21-june-2024/): In the past 24 hours, AI-themed tokens recorded remarkable gains, with some surging up to 35%, significantly outperforming the broader... - [Crypto Market Analysis | 20 June 2024  ](https://coinswitch.co/switch/market-analysis/20-june-2024/): BTC consolidated in a very narrow range on Wednesday, with altcoins showing some strength after days of choppy trading. This... - [The 10 best indicators for crypto trading & analysis](https://coinswitch.co/switch/crypto/10-best-indicators-for-crypto-trading/): Crypto trading involves buying and selling crypto assets such as Bitcoin, Ether, Solana, and Doge. Crypto traders use crypto exchanges... - [Crypto Market Analysis | 19 June 2024  ](https://coinswitch.co/switch/market-analysis/19-june-2024/): After a significant decline in most altcoins following Bitcoin’s dip of over 3% to $64,000, support was found as Bitcoin... - [Everything you need to know about Uniswap v4 upgrade](https://coinswitch.co/switch/crypto/uniswap-v4-upgrade/): Uniswap protocol, the largest decentralized exchange (DEX), is the shining star of the Ethereum blockchain. Uniswap’s dominance in the DEX... - [Crypto Market Analysis | 18 June 2024  ](https://coinswitch.co/switch/market-analysis/18-june-2024/): Markets took a beating in the early hours today, Bitcoin slumped to its lowest price in a month below $65.... - [Crypto Market Analysis | 14 June 2024  ](https://coinswitch.co/switch/market-analysis/14-june-2024/): SEC Chair Gary Gensler said Ether ETFs should be fully approved by September 2024. The final registration requirements for the... - [What is crypto swing trading? Top swing trading strategies to consider](https://coinswitch.co/switch/crypto/what-is-crypto-swing-trading/): Timing the market is passe, time in the market is in. If you are familiar with crypto trading strategies, you... - [Crypto Market Analysis | 13 June 2024  ](https://coinswitch.co/switch/market-analysis/13-june-2024/): In a topsy-turvy day in the market yesterday, Bitcoin after soaring to $70k on lesser-than-expected CPI data, fell back to... - [Crypto Market Analysis | 12 June 2024  ](https://coinswitch.co/switch/market-analysis/12-june-2024/): With all eyes on US CPI Data and Fed interest rate decision today, the crypto market has already taken a... - [Crypto Market Analysis | 11 June 2024  ](https://coinswitch.co/switch/market-analysis/11-june-2024/): BTC failed to breach its all-time highs and fell by 2%, which indicates the market sentiment in the near short... - [Crypto Market Analysis | 10 June 2024 ](https://coinswitch.co/switch/market-analysis/10-june-2024/): Last Friday, Bitcoin’s price dropped below $70,000, erasing most of its weekly gains. This steep decline was part of a... - [Crypto Market Analysis | 7 June 2024 ](https://coinswitch.co/switch/market-analysis/7-june-2024/): Yesterday, Bitcoin (BTC) surged to $71,700 following the European Central Bank’s (ECB) rate cut. However, the rally was short-lived, BTC... - [Crypto Market Analysis | 6 June 2024 ](https://coinswitch.co/switch/market-analysis/6-june-2024/): With BTC being less than 4% away from its all-time high, options traders anticipate an imminent rally to $80k by... - [Crypto Market Analysis | 5 June 2024 ](https://coinswitch.co/switch/market-analysis/5-june-2024/): BTC price is rising as market sentiment is bullish with Ether ETF trading expected to commence soon. The Bitcoin ETF... - [Crypto Market Analysis | 4 June 2024 ](https://coinswitch.co/switch/market-analysis/4-june-2024/): BTC steadied around the $69k mark, while the market structure looks poised for another leg up towards all-time highs it... - [Crypto Market Analysis | 3 June 2024 ](https://coinswitch.co/switch/market-analysis/3-june-2024/): U. S. President Joe Biden vetoed a House Joint Resolution that aimed to repeal the Securities and Exchange Commission’s (SEC)... - [Crypto Market Analysis | 31 May 2024 ](https://coinswitch.co/switch/market-analysis/31-may-2024/): The TRUMP meme coin plummeted by up to 35% following the jury’s verdict on all 34 counts in New York.... - [Crypto Market Analysis | 30 May 2024 ](https://coinswitch.co/switch/market-analysis/30-may-2024/): BTC found a trend line support at around $67k and is now all set to launch towards all-time highs once... - [Crypto Market Analysis | 29 May 2024 ](https://coinswitch.co/switch/market-analysis/29-may-2024/): After falling below 67. 5k USD, BTC recovered pretty quickly to regain the 68k USD mark as BTC continues to... - [Crypto Market Analysis | 28 May 2024 ](https://coinswitch.co/switch/market-analysis/28-may-2024/): BTC traded mostly flat yesterday in the 68. 6k USD to 70. 5k USD range as both bulls and bears... - [Crypto Market Analysis | 27 May 2024 ](https://coinswitch.co/switch/market-analysis/27-may-2024/): The ETH price, which was up more than 20% in the past week, fell 4% after the listing approval, mirroring the trend... - [Crypto Market Analysis | 24 May 2024](https://coinswitch.co/switch/market-analysis/24-may-2024/): Yesterday, the US SEC approved eight Ethereum ETFs, leading to heightened price volatility in the crypto market. In the hour leading up to the... - [Crypto Market Analysis | 23 May 2024](https://coinswitch.co/switch/market-analysis/23-may-2024/): With the deadline of ETH ETF application due today, markets have been rather silent for two days in a row now. While... - [Crypto Market Analysis | 22 May 2024](https://coinswitch.co/switch/market-analysis/22-may-2024/): Traders continued to rotate money from BTC to ETH with hopes of an ETH ETF approval this week remaining high.... - [Crypto Market Analysis | 21 May 2024](https://coinswitch.co/switch/market-analysis/21-may-2024/): On Monday, Bitcoin jumped more than 6% on international exchanges as 70k USD was breached fairly easily by the bulls... - [Crypto Market Analysis | 20 May 2024](https://coinswitch.co/switch/market-analysis/20-may-2024/): Over the weekend, Bitcoin (BTC) surged past the $67,000 mark for the first time in nearly a month. This swift... - [Top 10 crypto airdrops expected in 2025 (Updated)](https://coinswitch.co/switch/crypto/crypto-airdrops-expected-in-2025/): As new crypto tokens pop up now and then, crypto enthusiasts are eager to earn free cryptos via airdrops. Airdrops... - [Crypto Market Analysis | 17 May 2024](https://coinswitch.co/switch/market-analysis/17-may-2024/): In the last 24 hours, the crypto market traded sideways and consolidated in a tight range despite the US Senate... - [Top Layer 3 Coins to Consider for 2025 (Updated)](https://coinswitch.co/switch/crypto/top-layer-3-coins-to-consider-for-2025/): Cryptocurrencies come in all shapes and sizes and are often categorized based on their unique characteristics and use cases. Be... - [Crypto Market Analysis | 16 May 2024](https://coinswitch.co/switch/market-analysis/16-may-2024/): BTC had a massive green day on May 15, registering the highest one-day gains after almost two months. The spike... - [​​A Starter’s Guide to Trading Order Types: Market, Limit, and Stop Orders in Crypto](https://coinswitch.co/switch/crypto/crypto-trading-order-types/): Trading in financial instruments such as stocks and crypto is exciting. But before you dive in, it is important to... - [Understanding HODLing, a trusted crypto investing strategy](https://coinswitch.co/switch/crypto/explaining-hodl/): HODL—an intentional misspelling of ‘hold’—was first used online in 2013 on the crypto forum Bitcointalk. A contributor on the forum... - [Mastering Risk Management in Crypto Trading: A how-to guide](https://coinswitch.co/switch/crypto/risk-management-in-crypto-trading/): Crypto trading is fast emerging as an alternative to trading in equities. While the popularity of crypto trading is on... - [What is decentralized crypto ETF? Does it deserve the hype?](https://coinswitch.co/switch/crypto/what-is-decentralized-crypto-etf/): The launch of the first spot crypto ETFs in the US made headlines in January 2024. However, these centralized ETFs... - [Crypto Market Analysis | 15 May 2024](https://coinswitch.co/switch/market-analysis/15-may-2024/): Trading around $61. 8k, BTC (1. 1%) was unable to sustain the gains from the day before and faced downward... - [Crypto Market Analysis | 14 May 2024](https://coinswitch.co/switch/market-analysis/14-may-2024/): After showing two days of closed-range sideways movement, BTC finally gained some momentum as it briefly crossed $63k and appears... - [What is the head and shoulders pattern in crypto & how it can help you?](https://coinswitch.co/switch/crypto/head-and-shoulders-pattern/): The cryptocurrency market is a very volatile space where the prices of cryptos fluctuate. While it is difficult to gauge... - [Crypto Market Analysis | 13 May 2024](https://coinswitch.co/switch/market-analysis/13-may-2024/): The crypto market appears to be in a lull, with many major cryptos consolidating for the last few weeks. Top cryptos by market cap... - [Are Layer 3 Protocols Really Important For Blockchain?](https://coinswitch.co/switch/crypto/are-layer-3-protocols-really-important/): Blockchain is a digital database or ledger shared among a computer network’s nodes. Blockchains can be used in any industry... - [Crypto Market Analysis | 10 May 2024](https://coinswitch.co/switch/market-analysis/09-may-2024-2/): In the last 24 hours, the crypto market was up on the back of the US weekly jobless claims report... - [Metaverse vs. Virtual Reality (VR): Understanding the Key Differences](https://coinswitch.co/switch/crypto/metaverse-vs-virtual-reality-vr/): Words like metaverse, Virtual Reality (VR), AI, and blockchain have dominated discussions around the tech space over the past few... - [Crypto Market Analysis | 09 May 2024](https://coinswitch.co/switch/market-analysis/09-may-2024/): BTC continues to struggle as it forms the third red candle in a row, with the price briefly trading below... - [How the Crypto Fear and Greed Index Influences the Crypto Market](https://coinswitch.co/switch/crypto/crypto-fear-and-greed-index-2/): The crypto market price movement is dependent on several factors. While technical and fundamental factors are talked about a lot,... - [Is It Too Late to Buy Dogecoin in 2024?](https://coinswitch.co/switch/crypto/is-it-late-to-buy-dogecoin-in-2024/): Dogecoin is the first meme coin ever created. Launched in 2013, Doge is now a decade old and enjoys significant... - [Top 10 altcoins to consider in 2025 (Updated)](https://coinswitch.co/switch/crypto/top-10-altcoins-to-consider-in-2025/): Diversifying a crypto portfolio is not just a trading strategy, but a prudent way of enhancing your investment returns. Yet,... - [Crypto Market Analysis | 08 May 2024](https://coinswitch.co/switch/market-analysis/08-may/): Markets were lower for the second day after BTC failed to cross the $65k mark a couple of days back.... - [Watch out for these crypto scams in 2025: A step-by-step guide (Updated)](https://coinswitch.co/switch/crypto/crypto-scams-in-2025/): Like all financial assets, investing in crypto involves market-related risks. However, the bigger risk concerns scams and other exploits targeting... - [Top 10 Crypto with the Highest Market Cap, Price & Trade Volume in 2024](https://coinswitch.co/switch/crypto/crypto-with-highest-market-cap/): Generally speaking, market capitalization, or market cap, helps investors evaluate a company’s worth. Simply put, the number of outstanding shares... - [Crypto Market Analysis | 07 May 2024](https://coinswitch.co/switch/market-analysis/07-may-2024/): After crossing $65. 5k yesterday, BTC fell back sharply to briefly trade below $63k. However, it is getting support from... - [Crypto Market Analysis | 06 May 2024](https://coinswitch.co/switch/market-analysis/06-may-2024/): The crypto market has rebounded from last week’s dip on the back of the recent US jobs data that was... - [Market Analysis | 03 May 2024](https://coinswitch.co/switch/market-analysis/03-may-2024/): BTC (+3. 6%) seems to be in its ‘post-halving danger zone’ as it exhibits a similar trend of downside volatility... - [The Top 10 Cryptocurrencies in India With Price](https://coinswitch.co/switch/crypto/top-10-cryptos-prices-in-india/): India is a leading market for crypto investments. More than 20% of crypto investments in the country are concentrated in... - [Top 10 AI Crypto Coins That Are Game-Changers](https://coinswitch.co/switch/crypto/top-10-ai-crypto-coins-in-2024/): Cryptos are often grouped into different categories. For instance, we have the pioneering crypto Bitcoin, altcoins, metaverse tokens, NFT tokens,... - [Market Analysis | 02 May 2024](https://coinswitch.co/switch/market-analysis/02-may-2024/): After 7 straight green months in a row, BTC formed a red monthly candle for April. BTC is currently trading... - [Top crypto narratives in 2025 for narrative-based trading (Updated)](https://coinswitch.co/switch/crypto/top-5-crypto-narratives-in-2025/): Financial markets—both traditional and others—have a tendency to latch on to trending themes and the prevailing news cycle. In the... - [The 10 Important Cryptocurrencies Other Than Bitcoin](https://coinswitch.co/switch/crypto/cryptocurrencies-other-than-bitcoin/): Bitcoin, the world’s pioneering crypto, is also the largest by market capitalization. In many ways, it is a trendsetter in... - [Market Analysis | 01 May 2024](https://coinswitch.co/switch/market-analysis/01-may-2024/): With the broader crypto market awaiting an upside break, BTC (-5. 8%) broke its $60k support on the downside. BTC... - [Solana Price Prediction & Forecast 2024-2050](https://coinswitch.co/switch/crypto/solana-price-prediction-and-forecast/): Solana Overview Solana is a blockchain platform designed for decentralized applications (DApps) and crypto projects. It’s known for its high... - [Polygon (MATIC) Price Prediction & Forecast 2024-2050](https://coinswitch.co/switch/crypto/matic-price-prediction-and-forecast/): Matic Overview Matic, now known as Polygon, is a blockchain scaling solution that aims to address some of the scalability... - [Shiba Inu Price Prediction & Forecast 2024-2050](https://coinswitch.co/switch/crypto/shiba-inu-price-prediction-and-forecast/): Shiba Inu Overview Shiba Inu (SHIB) is a decentralized crypto created in August 2020 by an anonymous entity using the... - [Bitcoin Price Prediction & Forecast 2024-2050](https://coinswitch.co/switch/crypto/bitcoin-price-prediction-and-forecast/): Bitcoin Overview Bitcoin, the first decentralized crypto, operates as a digital and decentralized form of currency. It enables peer-to-peer transactions... - [Dogecoin Price Prediction & Forecast 2024-2050](https://coinswitch.co/switch/crypto/dogecoin-price-prediction-and-forecast/): Dogecoin Overview Dogecoin, a token created in 2013 as a joke, has become a serious player in the cryptocurrency market.... - [A comprehensive guide to GST registration: Requirements and process](https://coinswitch.co/switch/personal-finance/procedure-for-gst-registration-in-india/): GST, or Goods and Services Tax, is a consumption tax levied on the sale of goods and services in India.... - [Understanding repo rate and its significance in monetary policy](https://coinswitch.co/switch/personal-finance/what-is-repo-rate-2/): When you avail a loan from a bank, you pay interest on the loan amount. Similarly, banks also pay interest... - [Everything you need to know about the Union Budget 2024](https://coinswitch.co/switch/personal-finance/know-about-the-union-budget/): The Union Budget is the annual financial statement that details the estimated revenue and expenditures for the financial year. Learn more. - [India's GDP: A comprehensive overview of the world's fifth-largest economy](https://coinswitch.co/switch/personal-finance/gdp-of-india/): Gross domestic product (GDP)—the total value of goods and services produced by a country in a given period—-is a key... - [Everything you need to know about Atal Pension Yojana (APY): A comprehensive guide to secure your retirement](https://coinswitch.co/switch/personal-finance/atal-pension-yojana-apy-scheme-details-eligibility/): Retirement—-that stage of life when one stops earning a monthly salary—is a big worry for those who are employed in... - [How to Transfer Bitcoin & Other Crypto from Bitstamp to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-bitstamp-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from WazirX to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-wazirx-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Kraken to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-kraken-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from MEXC to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-mexc-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Bybit to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-bybit-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from BuyUcoin to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-buyucoin-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Bitfenex to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-bitfenex-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from CoinEX to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-coinex-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Gate.io to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-gate-io-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Bitbns to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-bitbns-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Huobi to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-huobi-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [A comprehensive guide to SEBI (Securities and Exchange Board of India): Roles, functions, and regulations](https://coinswitch.co/switch/personal-finance/what-is-sebi/): SEBI, short for Securities and Exchange Board of India, is the securities market regulator in India. SEBI is a statutory... - [How to Transfer Bitcoin & Other Crypto from KuCoin to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-kucoin-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [How to Transfer Bitcoin & Other Crypto from Binance to CoinSwitch](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-binance-to-coinswitch/): Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw... - [A comprehensive guide to income tax returns (ITR): How to file and track your returns](https://coinswitch.co/switch/personal-finance/how-to-file-itr-online/): Income tax is a type of direct tax collected by the government of India on the income earned by individuals,... - [GST verification: Ensuring authenticity and compliance with GSTIN](https://coinswitch.co/switch/personal-finance/guide-to-gst-verification/): Goods and Services Tax, popularly known as GST, was introduced in India in July 2017 to streamline the indirect tax... - [Udyog Aadhaar: A complete guide to registration, benefits, and updates](https://coinswitch.co/switch/personal-finance/udyog-aadhaar-online-process/): Businesses like proprietary firms or firms operating in the MSME (Micro, Small, and Medium Enterprises) sector that need to bring... - [PPF interest rate: A complete guide to understanding and calculating returns](https://coinswitch.co/switch/personal-finance/ppf-interest-rate/): PPF, short for Public Provident Fund, is a long-term investment scheme popular among individuals who want to earn higher, but... - [NSDL PAN Card: A complete guide to applying, updating, and downloading](https://coinswitch.co/switch/personal-finance/apply-for-an-nsdl-pan-card/): PAN, short for Permanent Account Number, is an important legal document in India. It is required to open bank accounts,... - [10 Cheapest Cryptocurrencies to Invest in India 2025](https://coinswitch.co/switch/crypto/10-cheapest-cryptocurrencies-to-invest-in-india/): Checkout Top 10 Cheapest Cryptocurrencies to invest in india. Review and compare with details to get an overview of some of the potential and cheapest cryptocurrencies in India. - [Understanding income tax refund status: How to check and track your refund](https://coinswitch.co/switch/personal-finance/how-to-check-income-tax-refund-status-online/): Getting an income tax refund after filing income tax returns can be a hassle even for experienced taxpayers. Taxpayers often... - [A step-by-step guide to e-filing income tax return (ITR) for AY 2023-24](https://coinswitch.co/switch/personal-finance/income-tax-e-filing-steps/): The income tax is a type of direct tax collected by the government of India on the income earned during... - [TDS online payment: A step-by-step guide to ensure compliance and avoid penalties](https://coinswitch.co/switch/personal-finance/tds-payment-online/): Taxation is the primary source of revenue for governments which helps manage their expenses and is used to fund various... - [EPFO claim status: A complete guide to checking your provident fund withdrawal status](https://coinswitch.co/switch/personal-finance/epfo-claim-status/): Employees Provident Fund, managed by the Employees’ Provident Fund Organisation under the Ministry of Labour, Government of India is the... - [Why inflation may not be as bad as you think: An explainer](https://coinswitch.co/switch/personal-finance/why-inflation-may-not-be-bad/): A ghost is haunting the world—the ghost of inflation. 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It is required to open bank accounts,... - [Tips to maximize equity mutual fund SIP returns](https://coinswitch.co/switch/personal-finance/tips-to-maximize-equity-mutual-fund-sip-returns/): An equity mutual fund SIP can help build wealth over time. Here are some of the best ways to invest in them and maximize returns. - [ULIPs vs. mutual funds: Which one to choose?](https://coinswitch.co/switch/personal-finance/ulips-vs-mutual-funds-which-one-to-choose/): Mutual funds and Unit-Linked Insurance Plans (ULIPs) are popular investment options for those seeking long-term wealth creation. - [Five things to keep in mind before investing in US stocks](https://coinswitch.co/switch/us-stocks/five-things-to-keep-in-mind-before-investing-in-us-stocks/): Investment in US stocks can be made directly by opening an overseas trading account with a domestic or foreign broker. Here are a few things to keep in mind before investing. - [Best gilt funds: Top-performing gilt mutual funds to invest in 2023](https://coinswitch.co/switch/personal-finance/best-gilt-mutual-funds-to-invest-in-2023/): Gilt mutual funds predominantly invest in government bonds and securities. Their tenures vary. Read the full article to know the best ones. - [What is lock-in period in mutual funds?](https://coinswitch.co/switch/personal-finance/what-is-lock-in-period-in-mutual-funds/): ELSS funds are subject to a lock-in period of three years. ELSS is an equity mutual fund that offers tax deduction benefits. - [What are large cap mutual funds?](https://coinswitch.co/switch/personal-finance/what-are-large-cap-mutual-funds/): Large cap mutual funds invest in shares of companies with large market caps. Learn all about them with this quick read. - [What is an acquisition?](https://coinswitch.co/switch/personal-finance/what-is-an-acquisition/): Facebook (now Meta) is one of the biggest tech companies in the world today. But how did it get there?... - [What is a daily margin statement, and how to read it](https://coinswitch.co/switch/personal-finance/what-is-a-daily-margin-statement/): The statement tells you about the free margin available in the account so you can take new positions without incurring a penalty. Read on. - [How to check EPF balance: A complete guide](https://coinswitch.co/switch/personal-finance/how-to-check-epf-balance/): Social security schemes are meant to provide a safety net to employees working in the organized sector in their retirement... - [Why is now the right time to invest in FDs](https://coinswitch.co/switch/personal-finance/high-fd-interest-rates/): Every two months, India’s central bank’s Monetary Policy Committee meets to discuss the revision of Repo rates — the rate... - [How to download PAN Card: A step-by-step guide ](https://coinswitch.co/switch/personal-finance/how-to-download-pan-card/): PAN, short for Permanent Account Number, is an important legal document in India. It is required to open bank accounts,... - [Patta Chitta: Understanding Tamil Nadu land records](https://coinswitch.co/switch/personal-finance/patta-chitta-understanding-tamil-nadu-land-records/): Following the digitization wave in India, several states such as Tamil Nadu have made their land records available online. Since... - [Understanding NSDL: National Securities Depository Limited](https://coinswitch.co/switch/personal-finance/understanding-nsdl/): NSDL is short for National Securities Depository Limited. NSDL was established in 1996, and in its more than 25 years... - [CoinSwitch PRO Innovation Zone: A new feature for PRO Traders](https://coinswitch.co/switch/crypto/coinswitch-pro-innovation-zone/): As avid users of the CoinSwitch platform, you are well aware that CoinSwitch PRO has always been at the forefront... - [API Trading vs. Manual Trading: Everything you need to know](https://coinswitch.co/switch/crypto/api-trading-vs-manual-trading/): How does one trade in cryptos? With increasing interest in crypto trading in India, it would be worthwhile to understand... - [All you need to know about Bitcoin ATMs in India](https://coinswitch.co/switch/crypto/bitcoin-atm-in-india/): As Bitcoin's grows in popularity, Bitcoin ATMs are on the rise. They make Bitcoin more accessible. Read on to learn more about them. - [Crypto KYC: What does it mean, and why is it important?](https://coinswitch.co/switch/crypto/what-is-crypto-kyc/): KYC is a word that you will hear a lot if you are new to the world of crypto. KYC stands for "Know Your Customer." Know more about KYC here. - [Benefits and applications of blockchain in cloud computing](https://coinswitch.co/switch/crypto/benefits-and-applications-of-blockchain-in-cloud-computing/): Advantages of blockchain in cloud computing are manifold. The distributed, secure, and transparent nature of blockchain makes it a good fit. - [What are altcoins, and which are the best ones out there?](https://coinswitch.co/switch/crypto/what-are-altcoins/): Altcoins refer to any crypto that is not Bitcoin. Currently BTC captures nearly 50 percent of the market, the rest is covered by Altcoins. Learn more about altcoins here. - [Everything you need to know about crypto investment](https://coinswitch.co/switch/crypto/crypto-investment/): Cryptocurrency is the newest asset class to invest in today, but you must understand how to make investments in it. Check our guide for crypto investment & things to consider before investing. - [Premature FD Withdrawal: Interest, Penalty & Charges](https://coinswitch.co/switch/personal-finance/premature-withdrawal-of-fds-interest-calculation-penalty-and-charges/): What is premature FD withdrawal? Why do banks penalize it? And what does the penalty entail? Learn all about it with this quick read. - [Bike-To-Earn crypto project to start presale soon](https://coinswitch.co/switch/crypto/bike-to-earn-crypto-project-to-start-presale-soon/): BikeN app motivates users to start biking through a reward system. Users can exercise, earn, compete, and interact while they bike. - [Litecoin transactions explained](https://coinswitch.co/switch/crypto/litecoin-transactions-explained/): Litecoin is the fifth biggest crypto by market transaction value. Read on to learn about Litecoin transactions, how they work, why they’re efficient and more. - [Top 5 Ways to Save Crypto Taxes in India](https://coinswitch.co/switch/crypto/tips-to-save-tax-on-crypto-gains/): Looking for ways to save on crypto tax is not easy. Here, we will discuss the best ways to reduce your crypto tax. - [Which cryptos to buy? For beginners in 2023](https://coinswitch.co/switch/crypto/which-cryptos-to-buy-for-beginners-in-2023/): If you are a beginner, it can be confusing to pick the best cryptos to buy. Here is a brief guide to help you out. - [Crypto trading 101: A beginner’s guide to profit making](https://coinswitch.co/switch/crypto/crypto-trading-101-a-beginners-guide-to-profit-making/): Crypto trading simply means buying and selling coins and predicting their future prices. Read this beginner's guide to learn more. - [How to set stop-loss and take-profit orders](https://coinswitch.co/switch/personal-finance/how-to-set-stop-loss-and-take-profit-orders/): A stop-loss order is an order placed with a broker to buy or sell a specific stock, while a take-profit order specifies exact price. - [What does it mean to go long in crypto?](https://coinswitch.co/switch/crypto/what-does-it-mean-to-go-long-in-crypto/): Going long means buying and owning a crypto asset, hoping that its price will increase. Learn how to go long on crypto here. - [What is the difference between NFTs and JPEGs?](https://coinswitch.co/switch/crypto/what-is-the-difference-between-nfts-and-jpegs/): Can your doodles and digital images be sold for a six-figure? Find the answer as we discuss the difference between NFTs and JPEGs. - [Is Ethereum legal in India?](https://coinswitch.co/switch/crypto/is-ethereum-legal-in-india/): As crypto assets are unregulated in India, the legal status of Ethereum remains unclear. Last, the government had introduced a 30% tax on the profit generated. Read here to know more on the legality of ETH. - [Crypto Trading in India: Regulations, Strategies, Opportunities](https://coinswitch.co/switch/crypto/cryptocurrency-trading-in-india/): Read about crypto trading in India, the basic steps to follow while starting to trade, crypto strategies, the risks involved in trading, and other important details. - [Understanding Cryptocurrency Apps in India](https://coinswitch.co/switch/crypto/which-app-is-best-for-cryptocurrency-in-india/): Best cryptocurrency Apps in India: Read and know about wide range of cryptocurrency exchange apps available in India. Check how much fees do they charge and other important details. - [Understanding P2P Crypto Trading and How It Works ?](https://coinswitch.co/switch/crypto/what-is-p2p-crypto-trading/): This guide will help you understand cryptocurrency P2P trading, how it differs from centralized exchanges, and its benefits and drawbacks. - [How to protect your fixed deposit investment from frauds and scams](https://coinswitch.co/switch/personal-finance/how-to-protect-your-fixed-deposit-investment-from-frauds-and-scams/): Fixed deposit frauds and scams are fraudulent activities that pertain to fixed deposit investments. Read on to learn to secure yourself. - [What is income?](https://coinswitch.co/switch/personal-finance/what-is-income/): Income is the net sum of payments received within a specific time period. Learn more about income and its types by reading this article. - [Short selling: What you need to know?](https://coinswitch.co/switch/personal-finance/what-is-short-selling/): Short selling is an investment strategy to profit in a declining market. Know more about short selling with this article. - [Metaverse cryptos to keep an eye on in 2023](https://coinswitch.co/switch/crypto/metaverse-cryptos-to-keep-an-eye-on-in-2023/): The metaverse looks set to become the next big thing. Here’s a list of top metaverse crypto coins in 2023. - [What are CE and PE in the stock market? (Updated)](https://coinswitch.co/switch/personal-finance/ce-and-pe-in-the-stock-market/): CEs and PEs are types of investment contracts in the stock market. Read on to learn all about them and the put/call ratio. - [Understanding different types of crypto calculators](https://coinswitch.co/switch/crypto/understanding-different-types-of-crypto-calculator/): Crypto calculator helps in calculating profits and predicting the amount of money you can make in a trade. Read this blog to know more. - [What is the 7/10 rule in investing?](https://coinswitch.co/switch/personal-finance/what-is-the-7-10-rule-in-investing/): The 7/10 rule is a mathematical indicator that focuses on the time frame of investment and the interest rate. - [Is Bitcoin legal in India?](https://coinswitch.co/switch/crypto/is-bitcoin-legal-in-india/): Bitcoin is a virtual currency that can be traded and invested in. This article talks about the legal status of Bitcoin in India and what you should know before investing in it. - [What does 'To The Moon' mean in cryptocurrency?](https://coinswitch.co/switch/crypto/what-does-to-the-moon-mean-in-cryptocurrency/): “To the moon” refers to the firm belief that the price of a specific cryptocurrency will rise substantially shortly. - [Token standards: ERC-20 vs. ERC-721 vs. ERC-1155](https://coinswitch.co/switch/crypto/token-standards-erc-20-vs-erc-721-vs-erc-1155/): Developers on Ethereum use a token standard, like ERC-20, ERC-721, and ERC-1155, to create tokens. Read this to learn more about it. - [Top and best-performing SWP mutual funds](https://coinswitch.co/switch/personal-finance/top-and-best-performing-swp-mutual-funds/): Learn all about the best-performing SWP Mutual Funds with this article. Here's everything we know about them. - [Best non-custodial crypto wallets: The complete list](https://coinswitch.co/switch/crypto/best-non-custodial-crypto-wallets-the-complete-list/): Non-custodial crypto wallets provide total control over digital assets, making them more secure. A guide to choosing the best crypto wallet. - [How to arbitrage between crypto exchanges](https://coinswitch.co/switch/crypto/how-to-arbitrage-between-crypto-exchanges/): How to arbitrage between crypto exchanges, the risks you should be aware of, and the tools and strategies that can help you succeed. - [The 5 best crypto price prediction sites to follow](https://coinswitch.co/switch/crypto/the-5-best-crypto-price-prediction-sites-to-follow/): Here's a list of top crypto prediction sites that you can follow. To learn more about how they can help you in trading, check out this blog. - [What is withdrawal of funds?](https://coinswitch.co/switch/uncategorized/what-is-withdrawal-of-funds/): Withdrawal is the process of removing accumulated funds from financial products like savings bank accounts and pension funds. Read more here. - [What happens when crypto value goes to zero?](https://coinswitch.co/switch/crypto/what-happens-when-crypto-value-goes-to-zero/): Cryptocurrency price can plummet just as quickly as it rose. In this article, we explore what happens when the value of crypto goes to zero. - [What are the differences and similarities between Web 1.0, Web 2.0, and Web 3.0?](https://coinswitch.co/switch/crypto/comparing-web-1-web-2-and-web-3/): This blog will help you know everything you need to about Web 1.0, Web 2.0, & Web 3.0 and the differences between them. - [How to transfer Bitcoin from an exchange to a hardware wallet?](https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-from-an-exchange-to-a-hardware-wallet/): If you're new to crypto, you may want to know how to transfer Bitcoin from an exchange to a hardware wallet. Read this to find out. - [What is a whitelist in crypto?](https://coinswitch.co/switch/crypto/what-is-a-whitelist-in-crypto/): In cryptoverse, the white list is a list of approved members for a specific crypto event, such as an IEO or ICO. - [Which are the most expensive NFTs sold in India?](https://coinswitch.co/switch/crypto/most-expensive-nfts-ever-sold/): Know about the most expensive NFT ever sold in India. Here's a list of the most expensive NFTs that have been sold in the market. - [What is a seed phrase?](https://coinswitch.co/switch/crypto/what-is-a-seed-phrase/): A seed phrase in crypto is a recovery tool that blockchain wallets provide. Learn how seed phrases function and why it's critical to keep your crypto safe. - [Introducing blockchain technology](https://coinswitch.co/switch/crypto/what-is-blockchain-technology/): Explore Blockchain Technology and how it works. Learn all about the types, why it’s important, advantages and disadvantages of blockchains. - [What are assets, and why do they matter in personal finance?](https://coinswitch.co/switch/personal-finance/what-are-assets/): An asset is a resource owned by an entity. This article will give you a lowdown on assets to help you to take an informed investment decisions. - [What is Investment?](https://coinswitch.co/switch/personal-finance/what-is-investment/): Investment refers to committing money to assets that tend to increase in value over time. Read to learn about managing your investments - [What is an audit?](https://coinswitch.co/switch/personal-finance/what-is-an-audit/): We’re sure you’ve heard about Harshad Mehta. It’s possible some of you saw it first-hand, too. Maybe even lost money.... - [What is budgeting?](https://coinswitch.co/switch/personal-finance/what-is-budgeting/): A Beginners Guide to budgeting. Find out the types, processes and most of all, how it helps to improve your financial stability. - [What is equity, and what are equity investments?](https://coinswitch.co/switch/crypto/explainer/what-is-equity/): Equity is the portion of a company owned by a shareholder. Read to learn more about the types of Equities, Risks involved while investing and the upsides. - [What is inflation?](https://coinswitch.co/switch/personal-finance/what-is-inflation/): Inflation, or a general rise in the price level of goods and services, is often talked about in the media. Find out what inflation is and why it matters to you. - [What are cryptocurrencies, and how do they work?](https://coinswitch.co/switch/crypto/what-are-cryptocurrencies/): The crypto market is exploding & you've probably heard of Bitcoin, but what are cryptocurrencies, how do they work, & what should you invest in? We've got all your cryptocurrency questions answered. - [What is Repo Rate?](https://coinswitch.co/switch/personal-finance/what-is-repo-rate/): Repo rate is the interest rate charged by the central bank of a country while lending money to commercial banks. Learn more in this blog. - [What is accounting?](https://coinswitch.co/switch/personal-finance/what-is-accounting/): Get the latest information on the meaning of Accounting—Types, Methods, Concepts, and much more in this blog. - [How is crypto minting different from crypto mining](https://coinswitch.co/switch/crypto/how-is-crypto-minting-different-from-crypto-mining/): Understanding the definition, purpose, and mechanics of crypto mining and crypto minting and their pros and cons. - [Top Solana NFT games in 2023](https://coinswitch.co/switch/crypto/top-solana-nft-games-in-2023/): Solana blockchain platform hosts a variety of NFT games. We bring you a list of the top 5 Solana NFT games in 2023. - [Blockchain Protocols in Crypto: A Comprehensive Guide](https://coinswitch.co/switch/crypto/what-are-blockchain-protocols-in-crypto/): Read this to know what blockchain protocols are, the important role they play in crypto, and the difference between fat and thin protocols. - [What is stETH, and what happens to it post-Merge?](https://coinswitch.co/switch/crypto/what-is-steth-and-what-happens-to-it-post-merge/): The Merge transformed Ethereum, one of the biggest cryptos in the market. But its impact went well beyond the Ethereum blockchain. - [How to mine Bitcoin at home on a private network](https://coinswitch.co/switch/crypto/how-to-mine-bitcoin-at-home-on-a-private-network/): This article explains how to mine Bitcoin from your home using a private network and best practices for ensuring reliability and security. - [DigiByte's mining algorithm and its impact on network security](https://coinswitch.co/switch/crypto/digibytes-mining-algorithm-and-its-impact-on-network-security/): Read this article to understanding how DigiByte's mining algorithm works and its impact on network security. - [A detailed comparison between the two stablecoins : USDC vs. USDT](https://coinswitch.co/switch/crypto/usdc-vs-usdt-which-one-is-better/): USDC vs. USDT: Both USDC and USDT are backed by the same amount of fiat currency. Find out more in this article. - [What is Monero mining?](https://coinswitch.co/switch/crypto/what-is-monero-mining/): Monero mining uses the proof of work consensus to validate and approve the transactions that go through the underlying blockchain. Read in detail about what is Monero mining and ways to mine XMR. - [What does shorting mean in crypto?](https://coinswitch.co/switch/crypto/what-does-shorting-mean-in-crypto/): Shorting crypto is a trading method employed when an investor feels that the price of a cryptocurrency, such as Bitcoin, will fall. Learn how to short cryptocurrencies here - [What is crypto staking?](https://coinswitch.co/switch/crypto/what-is-crypto-staking/): Staking is a way of earning interest on your crypto by depositing it for a fixed period. Read to learn about how to stake and what cryptos to stake to have maximum returns - [What is Bitcoin halving? How it works?](https://coinswitch.co/switch/crypto/what-is-bitcoin-halving/): Bitcoin Halving is how BTC's supply is kept in check. It has a direct impact on BTC's price. Read this to know more about it. - [What is a crypto airdrop, and how does it work?](https://coinswitch.co/switch/crypto/what-is-a-crypto-airdrop-and-how-does-it-work/): Crypto airdrops can give you free crypto and the company some viral marketing. Know the ins and outs of crypto airdrops here. - [What are Play-to-Earn or P2E games?](https://coinswitch.co/switch/crypto/what-are-p2e-games/): Play-to-Earn (P2E) is a new gaming model that allows users to earn while playing games. If you’re interested in learning about it, read on. - [What is Litecoin mining?](https://coinswitch.co/switch/crypto/what-is-litecoin-mining/): Litecoin mining is the process by which transactions on the Litecoin blockchain are validated through blocks.Read in detail about what is Litecoin Mining and ways to mine LTC. - [What are Ethereum gas fees?](https://coinswitch.co/switch/crypto/what-are-ethereum-gas-fees/): To trade on the Ethereum network, you need to know what gas fees are and how they work. Read this article to learn all about it. - [Guide to Crypto Faucet](https://coinswitch.co/switch/crypto/what-is-a-crypto-faucet/): Crypto faucets are apps and websites that give users small amounts of crypto rewards for completing simple tasks. Learn more about them here. - [How to earn interest on crypto & best staking platforms](https://coinswitch.co/switch/crypto/how-to-earn-interest-on-crypto-best-staking-platforms/): Investors are looking for ways to earn interest on their cryptos, including crypto staking, DeFi, and yield farming. Learn more. - [How to Spot Crypto Pump-and-Dump Schemes?](https://coinswitch.co/switch/crypto/what-are-crypto-pump-and-dump-groups/): Due to a lack of crypto regulations, crypto pump-and-dump groups and bitcoin scams are booming. Recognizing the red flags helps investors. - [Is the Metamask wallet safe enough to store your crypto?](https://coinswitch.co/switch/crypto/is-metamask-safe-enough-to-store-your-crypto/): Is Metamask safe? Know about MetaMask, its security features, easy registration, services, and the transaction process. - [7 Best Ripple Wallets To Store XRP Tokens In 2023](https://coinswitch.co/switch/crypto/best-ripple-wallets-to-store-xrp-tokens/): Choosing the best Ripple wallets to store XRP tokens can be tricky. There are many Ripple wallets & each come with unique features and benefits. Here are a few secure options for you. - [Ethereum Mining : Best Ethereum-based mining software](https://coinswitch.co/switch/crypto/top-5-eth-based-mining-software/): Review and compare the top ethereum mining softwares to select the best mining software for ETH. Read to know more - [How to choose the best cryptocurrency to invest in India?](https://coinswitch.co/switch/crypto/how-to-choose-the-best-cryptocurrency-to-invest-in/): The crypto market is volatile. These guidelines will help you choose the best cryptocurrency to invest in India. - [What is a crypto ecosystem?](https://coinswitch.co/switch/crypto/what-is-a-crypto-ecosystem/): Crypto, a type of digital asset that runs on a blockchain network has a whole ecosystem surrounding it. Read this to learn more. - [How to find arbitrage opportunities in crypto](https://coinswitch.co/switch/crypto/how-to-find-arbitrage-opportunities-in-crypto/): This blog post will discuss arbitrage opportunity in the crypto world. Read on to learn more about this investment strategy. - [Is crypto mining legal in India?](https://coinswitch.co/switch/crypto/is-crypto-mining-legal-in-india/): Can we mine crypto? Crypto mining is not illegal in India, but it doesn't come cheap. Income or profit generated from mining is taxable. - [Reasons for coin is delisting from major Coin exchanges](https://coinswitch.co/switch/crypto/coin-delisting/): Coin delisting by an exchange may seem harsh at the face of it. Here's what it really means when a major exchange delists a coin. - [What are the fees charged by cryptocurrency exchanges in India?](https://coinswitch.co/switch/crypto/understanding-fees-and-charges-on-crypto-exchanges/): Read our blog to know what cryptocurrency exchange fees are and get a clear understanding of the charges levied. - [A beginner’s guide to TradingView charts](https://coinswitch.co/switch/personal-finance/a-beginners-guide-to-tradingview-charts/): TradingView Charts is the ultimate charting platform for traders and investors. Here's how to create your own charts, analyze market data and invent strategies. - [Is CoinSwitch safe for crypto investments?](https://coinswitch.co/switch/crypto/how-safe-is-coinswitch-kuber/): Cryptocurrency security has always been a pressing issue. However, CoinSwitch has implemented measures to protect users from fraud and malicious activity. - [ChatGPT in crypto: How AI can assist in fraud detection and prevention](https://coinswitch.co/switch/crypto/chatgpt-in-crypto-how-ai-can-assist-in-fraud-detection-and-prevention/): ChatGPT, an artificial intelligence chatbot that has taken the world by storm, can make the crypto market a safer place. Read to learn more. - [Best International Mutual Funds to Invest in India 2023](https://coinswitch.co/switch/personal-finance/best-international-mutual-funds-to-invest-in/): Here is a list of some of the best international mutual funds in India in 2023. Read this list to find great opportunities. - [How Does Blockchain Support Data Privacy?](https://coinswitch.co/switch/crypto/what-is-immutable-ledger-in-blockchain-and-what-are-its-benefits/): Immutability is one of the key features of blockchain. Read on to understand what is immutable ledger and its benefits. - [Understanding the Difference Between Basic EPS vs. Diluted EPS](https://coinswitch.co/switch/personal-finance/basic-eps-vs-diluted-eps-an-explainer/): Basic EPS is calculated by dividing a firm's revenue by the total outstanding shares. Diluted EPS considers all convertible securities. - [Explained Passive Income and Its Options](https://coinswitch.co/switch/personal-finance/what-is-passive-income/): Here are some ways to make passive income without worrying about investments & complicated business plans. These are all simple, practical ways to earn money that don't require much work. - [Understanding Web 3.0 security concerns & technical challenges in 2025 (Updated)](https://coinswitch.co/switch/crypto/understanding-web-3-0/): Web 3.0 promises decentralization and privacy, but comes with security concerns and technical challenges. Read this article to know more. - [A Beginner’s Guide To Limit Order in Crypto Trading](https://coinswitch.co/switch/crypto/what-is-a-crypto-limit-order/): A Crypto limit order means setting a predetermined level for buying & selling a crypto asset of your choice. Follow the CoinSwitch blog for more details. - [RSI Indicator for Crypto Trading : Explained](https://coinswitch.co/switch/crypto/what-is-an-rsi-indicator-and-how-to-use-it-in-crypto-trading/): The Relative Strength Index (RSI) is a momentum oscillator. It measures how fast the price of a crypto is changing. Learn more about RSI here. - [Ultimate Guide to Order Books and Market Depth](https://coinswitch.co/switch/personal-finance/everything-you-need-to-know-about-order-books-and-market-depth/): Order books and market depth are connected. The former is a list of orders, and they represent the latter. Read this to learn more. - [What is leverage in crypto trading?](https://coinswitch.co/switch/crypto/what-is-leverage-in-crypto-trading/): In crypto leverage trading, traders borrow crypto to finance their trades based on their prediction of the market's price movement. - [Explore Blockchain Minting Benefits](https://coinswitch.co/switch/crypto/what-are-the-benefits-of-minting-on-a-blockchain/): This article talks about the benefits of minting NFTs on a blockchain. For a longer read on the process, head here. - [Mastering Crypto Gas Wars: A Complete Guide](https://coinswitch.co/switch/crypto/a-complete-guide-to-crypto-gas-wars/): Gas payments are made by individuals to complete a blockchain transaction. Gas war refers to competition from investors for crypto assets. - [What is Chainlink, and why is it important in the crypto world?](https://coinswitch.co/switch/crypto/what-is-chainlink-and-why-is-it-important-in-the-crypto-world/): Chainlink is a decentralized oracle network that enables universally connected smart contracts. Learn more about Chainlink crypto here - [A guide to best layer 2 protocols of 2023](https://coinswitch.co/switch/crypto/a-guide-to-best-layer-2-protocols-of-2023/): Layer 2 protocols offer a second layer on top of the primary blockchain, increasing their scalability, security, and effectiveness. Read on. - [Polkadot vs. Chainlink: What’s the difference?](https://coinswitch.co/switch/crypto/polkadot-vs-chainlink-whats-the-difference/): Polkadot and Chainlink are two popular blockchains that aim to improve blockchain technology. In this article as we explore the differences. - [What is peg in crypto?](https://coinswitch.co/switch/crypto/what-is-peg-in-crypto/): Pegging refers to linking the market value of a cryptocurrency to an external reference, which can be a fiat currency or a commodity. Read on. - [How does market cap affect crypto prices?](https://coinswitch.co/switch/crypto/how-does-market-cap-affect-crypto-prices/): Market cap is an excellent metric for understanding where a crypto asset stands. To help you understand this better, read on. - [Top 5 cryptos to keep an eye on in 2023](https://coinswitch.co/switch/crypto/top-5-cryptos-to-keep-an-eye-on-in-2023/): This article will help you to get a detailed understanding about what are the best crypto to invest in 2023. - [Filecoin Token Mining: A Comprehensive Guide](https://coinswitch.co/switch/crypto/the-process-of-fil-token-mining-and-its-profitability/): Filecoin is a decentralized storage network. In this article, we explore the rocess and the profitability of FIL token mining. - [What is Proof of Elapsed Time (PoET) in blockchain?](https://coinswitch.co/switch/crypto/what-is-proof-of-elapsed-time-poet-in-blockchain/): The concept of Proof of Elapsed Time can sound a bit technical, but it is not. Read on to find out more about this algorithm. - [Top 10 cryptos by market cap in 2025 (Updated)](https://coinswitch.co/switch/crypto/top-10-crypto-assets-by-market-cap/): Read on to know more about top crypto assets in India by Market Cap. Checkout their basic information , growth prospects, current coverage and other important details. - [Fixed Deposits as Loan Collateral: Benefits and Process](https://coinswitch.co/switch/personal-finance/fixed-deposits-as-collateral-for-loans-how-it-works/): Did you know that you could get a loan against your FD? Read this to learn all about that option and make the best of your investment. - [Essentials of Algorithmic Trading: Concepts & Examples](https://coinswitch.co/switch/crypto/explainer/understanding-algorithmic-trading-bots/): An algorithmic trading bot is basically a code that makes trading decisions that humans would have otherwise made. Learn more here. - [A Beginner's Guide to Protect Your Artwork from NFT Theft](https://coinswitch.co/switch/crypto/ways-to-protect-your-artwork-from-nft-theft/): With the rise of NFTs comes the risk of theft and fraud. So it’s important to know how to protect your artwork. Read this to learn more. - [Spot trading vs. Futures trading in crypto: How are they different?](https://coinswitch.co/switch/crypto/spot-trading-vs-futures-trading-in-crypto-how-are-they-different/): Spot trading and futures trading are two popular trading methods. This article will explore the difference between them. Read to learn more. - [Understanding Google Metaverse: Definition and Mechanism](https://coinswitch.co/switch/crypto/google-metaverse-everything-you-need-to-know/): The Google Metaverse is essentially Project Starline, a video chat booth that Google is working on. Read this to learn about it. - [How do crypto vaults work?](https://coinswitch.co/switch/crypto/how-do-crypto-vaults-work/): Crypto vaults are basically to store crypto, just like you would other assets in traditional banks. Learn more about them on this blog. - [How to report cryptocurrency gains and losses in income tax returns](https://coinswitch.co/switch/crypto/how-to-report-cryptocurrency-gains-and-losses-in-income-tax-returns/): With the new tax on crypto, you need to know how to calculate crypto gains or losses in income tax returns. Read this to learn about it. - [Introduction to blockchain technology and data privacy](https://coinswitch.co/switch/crypto/how-does-blockchain-technology-support-data-privacy/): Blockchains support data privacy in various ways. Here's the lowdown on how exactly it does this and what its future holds. - [The difference between buying and selling on a crypto exchange](https://coinswitch.co/switch/crypto/the-difference-between-buying-and-selling-on-a-crypto-exchange/): Learn about the difference between Buying and Selling with the blog. Buying is an acquisition in exchange for money. Selling is the opposite. - [The three different types of cryptocurrency exchanges: CEXs, DEXs, and hybrid exchanges](https://coinswitch.co/switch/crypto/three-types-of-cryptocurrency-exchanges/): There are three main types of crypto exchanges–CEX, DEXs, and hybrid exchanges. Read this article to learn all about them. - [Tax on crypto transactions: An explainer](https://coinswitch.co/switch/crypto/tax-on-crypto-transactions/): Find out how the Union Budget 2023-24 by the Indian government taxes your Bitcoin and other cryptocurrencies. - [Filecoin vs. IPFS: Similarities and The Differences Between Them](https://coinswitch.co/switch/crypto/filecoin-vs-ipfs-the-similarities-and-the-differences-between-them/): Filecoin and IPFS are two decentralized storage systems developed by Protocol Labs. Read this to learn about how they differ. - [Understanding Crypto TDS: A Comprehensive Tax Compliance Guide](https://coinswitch.co/switch/crypto/what-is-tds-on-crypto/): In India, crypto TDS was implemented on 1 July 2022. It served as a primer on how cryptocurrencies are to be taxed. Read on learn about taxes on crypto. - [What is the minimum time you have to hold on to a mutual fund?](https://coinswitch.co/switch/personal-finance/what-is-the-minimum-holding-time-for-mutual-funds/): It is essential to know about the minimum holding time for mutual funds. How long will you have to wait to exit? Read on to find out. - [Decoding GST: A comprehensive guide to India’s game-changing tax reform! ](https://coinswitch.co/switch/personal-finance/decoding-gst-a-comprehensive-guide-to-indias-game-changing-tax-reform/): The Goods and Services Tax (GST) has undoubtedly been one of the most significant tax reforms in Indian history. It... - [Demystifying Banglarbhumi: Your complete guide to West Bengal’s land records and property information system! ](https://coinswitch.co/switch/personal-finance/demystifying-banglarbhumi-your-complete-guide-to-west-bengals-land-records-and-property-information-system/): West Bengal’s Banglarbhumi system is a groundbreaking initiative. It transforms the way land records and property information are managed and... - [Mastering the eWay bill: Your ultimate guide to streamlining logistics and boosting efficiency!](https://coinswitch.co/switch/personal-finance/mastering-the-eway-bill-your-ultimate-guide-to-streamlining-logistics-and-boosting-efficiency/): Managing the movement of goods can be a complex and time-consuming process. However, with the eWay Bill system, businesses can... - [Aadhaar: Your gateway to seamless services and a connected nation!](https://coinswitch.co/switch/personal-finance/aadhaar-your-gateway-to-seamless-services-and-a-connected-nation/): In a world driven by digital technologies, Aadhaar emerged as a game-changer on the Indian scene. It revolutionizes the way... - [Universal Account Number (UAN) passbook and other services](https://coinswitch.co/switch/personal-finance/universal-account-number-uan-passbook-and-other-services/): The Universal Account Number (UAN) has revolutionized the way employees manage their provident fund accounts in India. It is the... - [PF for beginners: Getting started with provident funds and long-term investments](https://coinswitch.co/switch/personal-finance/pf-for-beginners-getting-started-with-provident-funds-and-long-term-investments/): Planning for the future is essential, especially when it comes to long-term investments. Because planning is the only way to... - [EPFO Passbook: Building a solid financial foundation for your retirement dreams](https://coinswitch.co/switch/personal-finance/epfo-passbook-building-a-solid-financial-foundation-for-your-retirement-dreams/): Retirement is a significant milestone in one’s life, so it’s important to plan for it well. And Provident Funds (PFs)... - [Invest safely in FDs with these five simple steps](https://coinswitch.co/switch/personal-finance/invest-safely-in-fds-with-these-five-simple-steps/): A fixed deposit can be a great investment option as it comes with a host of benefits. Read this article for 5 steps to get started. - [NREGA: An inspiring story of progress and Empowerment in rural India](https://coinswitch.co/switch/personal-finance/nrega-an-inspiring-story-of-progress-and-empowerment-in-rural-india/): NREGA has transformed the lives of millions by providing guaranteed employment and empowering women. Learn about this life-changing program. - [PM Kisan Scheme: Lending a helping hand to farmers](https://coinswitch.co/switch/personal-finance/pm-kisan-scheme-lending-a-helping-hand-to-farmers/): The PM Kisan Scheme is here to help farmers in India by providing financial assistance and support. Learn more about this initiative. - [How EPF can boost your retirement savings?](https://coinswitch.co/switch/personal-finance/how-epf-can-boost-your-retirement-savings/): Discover how EPF can help you secure a comfortable retirement. Don't miss out on this opportunity to plan for a better future. Read more now. - [Ethereum’s roadmap to mass adoption: How the Dencun upgrade helps in the transition  (Updated)](https://coinswitch.co/switch/crypto/a-history-of-ethereum-upgrades-everything-leading-to-the-shanghai-upgrade/): Ethereum and its upgrades, including the Shanghai upgrade, play an essential role in its development. Read this to learn about them. - [The pros and cons of FCNR Fixed Deposit](https://coinswitch.co/switch/personal-finance/the-pros-and-cons-of-fcnr-fixed-deposit/): FCNR deposit, short for Foreign Currency Non-Resident deposit, allows non-resident Indians to maintain a fixed deposit in India. - [FDs and Unit-Linked Insurance Plans (ULIP): Which is better? ](https://coinswitch.co/switch/personal-finance/fds-and-unit-linked-insurance-plans-which-is-better/): While fixed deposits provide guaranteed investment returns, ULIPs offer the dual advantage of a market-linked investment and a life cover. - [How to open an FD account: A step-by-step guide](https://coinswitch.co/switch/personal-finance/how-to-open-an-fd-account-a-step-by-step-guide/): Establishing an FD account is a straightforward procedure. Here’s a guided tour on how to open a fixed deposit. - [How to choose the right FD for your investment needs](https://coinswitch.co/switch/personal-finance/how-to-choose-the-right-fd-for-your-investment-needs/): Choosing the best fixed deposit plans is not easy as there are many schemes available. Look out for interest rates, tenure, and liquidity. - [FDs and market fluctuations: How to stay safe during volatile times](https://coinswitch.co/switch/personal-finance/fds-and-market-fluctuations-how-to-stay-safe-during-volatile-times/): Though FD is a relatively safe investment, it would make sense for investors to keep track of market volatility to identify underlying trends. - [Shapella upgrade: Is it the same as the Shanghai upgrade, and how will it change things?](https://coinswitch.co/switch/crypto/shapella-upgrade-and-how-it-changes-things/): What is the Shapella ugrade? Is it the same as the Shanghai Upgrade? And how will it affect Ethereum? Read this to find all the answers. - [Crypto hot wallet vs. cold wallet: An explainer](https://coinswitch.co/switch/crypto/crypto-hot-wallet-vs-cold-wallet-an-explainer/): Learn the difference between crypto hot wallet vs. cold wallet. Which wallet type is suitable for you to store your crypto? - [Fixed deposit accounts for senior citizens: Special features and benefits](https://coinswitch.co/switch/personal-finance/fixed-deposits-for-senior-citizens/): Fixed deposits for senior citizens offer great and guaranteed returns. Learn all about this attractive investment here. - [Understanding the benefits of tax-saver fixed deposit](https://coinswitch.co/switch/personal-finance/understanding-the-benefits-of-tax-saver-fixed-deposit/): FDs are an attractive investment option for individuals, providing guaranteed returns. Learn more about tax saver fixed deposit. - [Will investing in Bajaj Finance FD grow your money?](https://coinswitch.co/switch/personal-finance/will-investing-in-bajaj-finance-fd-grow-your-money/): Bajaj Finance FD offers interest rates ranging from 7.11% to 8.20%, with a minimum deposit of ₹15,000. Learn more - [8 best metaverse crypto coins to invest in 2023](https://coinswitch.co/switch/crypto/8-best-metaverse-crypto-coins-to-invest-in-2023/): Crypto projects, with blockchain-powered decentralization and transparency, are poised to dominate the metaverse. Read to learn more. - [Understanding the differences between fixed deposits and government bonds](https://coinswitch.co/switch/personal-finance/understanding-the-differences-between-fixed-deposits-and-government-bonds/): Government bonds and fixed deposits differ on various counts. Read to learn these distinctions to shape your financial goals. - [Fixed deposit for women – Types and interest rate](https://coinswitch.co/switch/personal-finance/fixed-deposit-for-women-types-and-interest-rate/): Learn about fixed deposit savings schemes available for women in India, interest rates offered, and how to use a fixed deposit calculator. - [All you need to know about Bajaj Finance FD interest rates](https://coinswitch.co/switch/personal-finance/all-you-need-to-know-about-bajaj-finance-fd-interest-rates/): Bajaj Finance FD interest rates, flexible tenures, and high credit ratings make it a safe and secure investment. - [Fixed deposit accounts for children: Starting early for a better future](https://coinswitch.co/switch/personal-finance/fixed-deposit-accounts-for-children-starting-early-for-a-better-future/): Fixed deposit for children are an excellent investment option for parents to build a corpus for their child's future financial needs. - [Fixed deposits vs. savings accounts](https://coinswitch.co/switch/personal-finance/fixed-deposits-vs-savings-accounts/): Fixed deposits and savings accounts differ in many ways. Learn all about them with this quick read on the CoinSwitch blog. - [Benefits of adding fixed deposits to your portfolio](https://coinswitch.co/switch/personal-finance/benefits-of-adding-fixed-deposits-to-your-portfolio/): Fixed deposits come with various benefits such as higher interest rates. Read this article to learn all about them. - [What are corporate fixed deposits?](https://coinswitch.co/switch/personal-finance/what-are-corporate-fixed-deposits/): Corporate fixed deposits are a type of term deposit offered by corporations. Read this article to learn more about them. - [How to renew your FD account](https://coinswitch.co/switch/personal-finance/how-to-renew-your-fd-account/): Worried about how to renew your FD? Wondering if you'll have to wait for the money to come back to you? Read this to find out. - [How to invest in Fixed Deposits (FDs)](https://coinswitch.co/switch/personal-finance/how-to-invest-in-fixed-deposits-fds/): Do you know to invest in FDs? Let us show you how easy investing in FDs is, in case you don't know. All you have to do is read this now. - [What is a monthly payout in fixed deposit?](https://coinswitch.co/switch/personal-finance/what-is-a-monthly-payout-in-fixed-deposit/): A monthly payout FD provides a regular monthly income to the depositor in the form of an interest payout. Read to learn more. - [What is an FD calculator?](https://coinswitch.co/switch/personal-finance/what-is-an-fd-calculator/): An FD calculator is a tool that calculate the interest earned on a fixed deposit. Read on as we break down the math around FD interest rates. - [What is a fixed deposit? What are its features and benefits?](https://coinswitch.co/switch/personal-finance/what-is-a-fixed-deposit-what-are-its-features-and-benefits/): Fixed deposit is a well-liked investment as it prioritizes security. Read this for a discussion on the basics of this investment option. - [Which is the best fixed deposit scheme in India with higher returns?](https://coinswitch.co/switch/personal-finance/which-is-the-best-fixed-deposit-scheme-in-india-with-higher-returns/): FD interest rates in India are often conversation starters. In this article, we discuss some of the best fixed deposit schemes in India. - [What are short-term fixed deposits?](https://coinswitch.co/switch/personal-finance/what-are-short-term-fixed-deposits/): Short-term fixed deposits get you guaranteed returns over a short period, making safety and liquidity possible. Read this to learn more. - [Strategies to maximize your returns on fixed deposits](https://coinswitch.co/switch/personal-finance/strategies-to-maximize-your-returns-on-fixed-deposits/): Investing in FDs? Read this article to pick up a few strategies to maximize your returns on fixed deposits. - [Why do Indians prefer fixed deposit investments?](https://coinswitch.co/switch/personal-finance/why-do-indians-prefer-fixed-deposit-investments/): Indians seem to have a fascination for FDs and changes in fixed deposit interest rates. Read to learn more about factors that move FD rates. - [The role of credit ratings in fixed deposit investments](https://coinswitch.co/switch/personal-finance/the-role-of-credit-ratings-in-fixed-deposit-investments/): Invest in a fixed deposit to obtain a credit card. Know the features of an FD credit card and its pros and cons. - [Short-term vs. long-term fixed deposit: Which FD is best for you?](https://coinswitch.co/switch/personal-finance/short-term-vs-long-term-fixed-deposit-which-fd-is-best-for-you/): Investing in a fixed deposit is a wise investment choice. Learn more about long-term vs. short term deposit. - [Fixed deposits (FDs) vs. Certificates of Deposit (CDs)](https://coinswitch.co/switch/personal-finance/fixed-deposits-vs-certificates-of-deposit/): Fixed deposits and Certificates of Deposit are different investment strategies. Learn more about them and how FDs are different from CDs. - [Are fixed deposits a good investment option for you?](https://coinswitch.co/switch/personal-finance/are-fixed-deposits-a-good-investment-option-for-you/): Are fixed deposits a good investment option for you? This article, which discusses all of its features, will help you make up your mind. - [How to pick the right NBFC for a fixed deposit](https://coinswitch.co/switch/personal-finance/how-to-pick-the-right-nbfc-for-a-fixed-deposit/): NBFC fixed deposits offer better interest rates than bank fixed deposits. Read on to learn everything there is to know about them. - [The best three-year Fixed Deposit (FD) schemes](https://coinswitch.co/switch/personal-finance/the-best-three-year-fixed-deposit-fd-schemes/): FDs are a safer investment option, but it is important to research before committing. Here are the best three-year fixed deposit schemes. - [How to invest during a bear market](https://coinswitch.co/switch/personal-finance/how-to-invest-during-a-bear-market/): Bear market means the price of stocks is falling. It's scary, but you can learn to invest during a bear market. Read this to start learning. - [The role of Web 3.0 in enabling Decentralized Autonomous Organizations (DAOs)](https://coinswitch.co/switch/crypto/the-role-of-web-3-in-enabling-daos/): Web 3.0 plays a huge role Decentralized Autonomous Organizations (DAOs). Learn how with this quick read by CoinSwitch. - [The future of in-game purchases with crypto](https://coinswitch.co/switch/crypto/the-future-of-in-game-purchases-with-crypto/): As the P2E model becomes popular, it's time to take stock of the future of in-game purchases with crypto. Read this to learn more. - [What is pledging of shares?](https://coinswitch.co/switch/personal-finance/what-is-the-pledging-of-shares/): Pledging of shares is a practice that helps raise funds for various purposes. Learn more about it with this blog post. - [What is tokenomics, and why is it important?](https://coinswitch.co/switch/crypto/what-is-tokenomics-and-why-is-it-important/): Tokenomics, a study of all the factors that influence a crypto token’s economics, is a must for traders. Read this to earn more about it. - [What is Proof of Attendance Protocol (POAP)?](https://coinswitch.co/switch/crypto/what-is-proof-of-attendance-protocol-poap/): Proof of Attendance Protocol (POAP) is a business offering that uses blockchain technology to create unique badges and tokens to reward participants. - [All you need to know about cybersecurity in the crypto and NFT industry](https://coinswitch.co/switch/crypto/all-you-need-to-know-about-cybersecurity-in-the-crypto-and-nft-industry/): It's important to learn about cybersecurity in the crypto and NFT space if you're going to be a trader. Start here. - [How the metaverse can affect crypto](https://coinswitch.co/switch/crypto/how-the-metaverse-can-affect-crypto/): How are the metaverse and crypto related? Can the metaverse affect crypto? How about vice verse? Find all the answers with this quick read. - [How to identify stock market trends](https://coinswitch.co/switch/personal-finance/how-to-identify-stock-market-trends/): Learning how to identify stock market trends is a skill every trader must have. Pick it up with this quick read. - [Why do stock prices change ?: An explainer](https://coinswitch.co/switch/personal-finance/why-do-stock-prices-change-an-explainer/): Understanding the change in stock price is integral to making profits in financial markets. Read to learn more. - [How to store Bitcoin in a hardware wallet](https://coinswitch.co/switch/crypto/how-to-store-bitcoin-in-a-hardware-wallet/): A Bitcoin hardware wallet is like a USB device. They come with an extra layer of security. Learn all about them with this blog. - [Why are NFT gaming platforms dominating the market?](https://coinswitch.co/switch/crypto/why-are-nft-gaming-platforms-dominating-the-market/): NFT gaming platforms dominating the market. But how did this happen? And how do they take gaming to the next level? Read this to know more. - [What is dividend yield?](https://coinswitch.co/switch/personal-finance/what-is-dividend-yield/): Dividend yield shows how much an investor would earn from dividend payments. To learn about what it is and how to use it, read this. - [What is the Sharpe ratio in mutual funds?](https://coinswitch.co/switch/personal-finance/what-is-the-sharpe-ratio-in-mutual-funds/): The Sharpe ratio in mutual funds helps evaluate the risk-adjusted returns of the investment. Read this to learn all about it. - [Bitcoin ETFs: Everything you need to know](https://coinswitch.co/switch/crypto/bitcoin-etfs-everything-you-need-to-know/): This article explores the topic of Bitcoin ETFs, unpacking everything there is to know about them. Read this to get started with ETF trading. - [What is an option chain?](https://coinswitch.co/switch/crypto/what-is-an-option-chain/): One of the most important tools for options traders is the option chain. Read more about it in this simple explainer. - [What is a white-label crypto exchange, and how does it work?](https://coinswitch.co/switch/crypto/what-is-a-white-label-crypto-exchange-and-how-does-it-work/): A white-label crypto exchange is a type of exchange platform created by one company for another. Read this to learn more. - [What is a Decentralized Autonomous Organization (DAO), and how does it work?](https://coinswitch.co/switch/crypto/what-is-a-decentralized-autonomous-organization-dao-and-how-does-it-work/): A Decentralized Autonomous Organization (DAO) is an organization that operates on a blockchain. Read this to understand how they work. - [What are the 6 principles to pick value stocks?](https://coinswitch.co/switch/personal-finance/what-are-the-6-principles-to-pick-value-stocks/): Value investing helps you to get high-quality stocks at a low valuation. Learn six principles of value investing stocks with this read. - [What are dynamic bond debt mutual funds?](https://coinswitch.co/switch/personal-finance/what-are-dynamic-bond-debt-mutual-funds/): Dynamic bond mutual funds invest in fixed-income securities to profit from interest rate movements. Read this to learn about them. - [What is a hedge fund? Examples, types, and strategies](https://coinswitch.co/switch/personal-finance/what-is-a-hedge-fund-examples-types-and-strategies/): What is a hedge fund? A hedge fund is much like a giant piggy bank in which some rich people and organizations invest their money. Read on - [Can index funds help in portfolio diversification?](https://coinswitch.co/switch/personal-finance/can-index-funds-help-in-portfolio-diversification/): Portfolio diversification is one of the primary benefits of investing in index funds. Read on to learn how index funds can help you. - [What are quant based mutual funds?](https://coinswitch.co/switch/personal-finance/what-are-quant-based-mutual-funds/): Quant mutual funds use mathematical models and algorithms to identify investment opportunities. Learn more about them here. - [What are the best ways to find undervalued stocks?](https://coinswitch.co/switch/personal-finance/what-are-the-best-ways-to-find-undervalued-stocks/): Learn how to find undervalued stocks that are trading at a lower price than their perceived intrinsic value. - [What is the head and shoulders pattern?](https://coinswitch.co/switch/personal-finance/what-is-the-head-and-shoulders-pattern/): Head and shoulders pattern shows a bullish-to-bearish trend reversal, indicating an upward trend is closing. - [What are active stocks?](https://coinswitch.co/switch/personal-finance/what-are-active-stocks/): Active stocks is like common stock, but they are more heavily traded on a daily basis. Read this to learn all about them. - [Web 3.0’s potential to revolutionize the current financial system](https://coinswitch.co/switch/crypto/web-3-0s-potential-to-revolutionize-the-current-financial-system/): Web 3.0 has tremendous potential to revolutionize the current financial system. How is it doing this? Read this article to find out. - [How to protect your Demat account from fraud](https://coinswitch.co/switch/personal-finance/how-to-protect-your-demat-account-from-fraud/): Understand the security features of your Demat account and ways to protect yourself from demat account fraud. - [How to level up StepN NFT sneakers](https://coinswitch.co/switch/crypto/how-to-level-up-stepn-nft-sneakers/): StepN NFT sneakers encourage carbon neutrality and donate profits to combat climate change. Learn more about them. - [The role of Cardano in promoting sustainability and environmental awareness](https://coinswitch.co/switch/crypto/cardano-promoting-sustainability-and-environmental-awareness/): Cardano plays a key role in promoting sustainability and environmental awareness. In this article, we look at Cardano's contribution. - [Polygon vs. Ethereum: Which crypto is better?](https://coinswitch.co/switch/crypto/polygon-vs-ethereum-which-crypto-is-better/): Ethereum and Polygon are related cryptos. Read on to learn more about these two top cryptos and find out which crypto is better for you. - [The role of PoS in the implementation of blockchain technology](https://coinswitch.co/switch/crypto/the-role-of-pos-in-blockchain-technology/): Proof of Stake (PoS) is a mechanism in blockchain tech that validates transactions. Read all about it here. - [Web 3.0's impact on crypto exchanges and trading](https://coinswitch.co/switch/crypto/web-3-0s-impact-on-crypto-exchanges-and-trading/): The advent of Web 3.0 will likely impact crypto assets and exchanges. Learn about Web 3.0's impact on crypto exchanges. - [The role of decentralized applications (dApps) in Web 3.0](https://coinswitch.co/switch/crypto/the-role-of-decentralized-applications-dapps-in-web-3-0/): Decentralized applications, or dApps, are software applications that operate on a decentralized network. Read to learn more. - [The process of creating NFTs through minting in blockchain](https://coinswitch.co/switch/crypto/the-process-of-creating-nfts-through-minting-in-blockchain/): NFT minting refers to creating a unique digital asset. The article will delve into the process of creating, storing, and distributing NFTs. - [Understanding the security of crypto transactions in gaming](https://coinswitch.co/switch/crypto/understanding-the-security-of-crypto-transactions-in-gaming/): Security in crypto games is a hot topic. It enables you to earn crypto rewards securely. Read to learn more. - [Understanding the role of NFTs in the travel industry](https://coinswitch.co/switch/crypto/understanding-the-role-of-nfts-in-the-travel-industry/): The travel industry is exploring the potential role of NFTs, their applications, benefits, challenges, and potential future. - [Trading bots: The importance of algorithm bots in crypto trading](https://coinswitch.co/switch/crypto/trading-bots-the-importance-of-algorithm-bots-in-crypto-trading/): Crypto trading bot is an automated computer program that trades crypto across multiple platforms. Read this blog to know more. - [How to make money with NFTs](https://coinswitch.co/switch/crypto/how-to-make-money-with-nfts/): Every crypto-curious person has one question in mind: How to make money with NFT? This blog will answer some of the questions. Read on. - [Is Ethereum (ETH) a good investment?](https://coinswitch.co/switch/crypto/is-ethereum-eth-a-good-investment/): Ethereum price has skyrocketed over the years. Let us check out what makes Ethereum a good investment to grow your wealth. - [Load vs. No-load mutual fund: What's the difference?](https://coinswitch.co/switch/personal-finance/load-vs-no-load-mutual-fund-whats-the-difference/): Learn what are load and no load mutual funds, definiton, differences, how they work, and reasons to buy them. - [Mutual fund taxation: How are mutual funds taxed?](https://coinswitch.co/switch/personal-finance/mutual-fund-taxation-how-are-mutual-funds-taxed/): Investors have only a basic understanding of tax on mutual funds. This blog post will give you a ringside view of the topic. Read on. - [Decentraland NFT marketplace and how it’s changing the gaming industry](https://coinswitch.co/switch/crypto/decentraland-nft-marketplace-and-the-gaming-industry/): Decentraland NFT marketplace is a platform that allows users to create and share their own games, applications, and experiences. Read on. - [Filecoin network security: The measures the protocol takes to protect data](https://coinswitch.co/switch/crypto/filecoin-network-security-measures/): Filecoin is a decentralized storage platform. In this article, we explore how Filecoin works and its network security. - [How to calculate the Long-Term Capital Gains (LTCG) tax on mutual funds](https://coinswitch.co/switch/personal-finance/how-to-calculate-the-long-term-capital-gains-ltcg-tax-on-mutual-funds/): This article helps you understand how to calculate one type of tax—the Long-Term Capital Gains (LTCG) tax on mutual funds. - [ETFs vs. Stocks: Which is a better option for investment?](https://coinswitch.co/switch/personal-finance/etfs-vs-stocks-which-is-a-better-option-for-investment/): ETFs and stocks are two popular investment options. Read this blog to learn which is a better option for investment. - [How can we protect ourselves from crypto scams?](https://coinswitch.co/switch/crypto/how-can-we-protect-ourselves-from-crypto-scams/): Crypto scams have spooked millions, raising questions about safety of crypto transactions. This blog post will discuss the topic in detail. - [How do NFT sneakers make money?](https://coinswitch.co/switch/crypto/how-do-nft-sneakers-make-money/): NFT sneakers are a rage in the crypto world. It is a new market for digital fashion and art. We will discuss how NFT sneakers make money. - [How are blockchain and cloud computing similar?](https://coinswitch.co/switch/crypto/how-are-blockchain-and-cloud-computing-similar/): How blockchain and cloud computing are similar, and how they help in establishing a shared network that is scalable and cost-effective. - [Exploring the intersection of crypto & ChatGPT: How AI can improve trading strategies](https://coinswitch.co/switch/crypto/exploring-the-intersection-of-crypto-chatgpt-how-ai-can-improve-trading-strategies/): The crypto market is highly unpredictable and volatile. ChatGPT and crypto trading bots can help improve trading strategies. - [Busting crypto myths: It is too late to invest in Bitcoin](https://coinswitch.co/switch/crypto/crypto-myths-it-is-too-late-to-invest-in-bitcoin/): Crypto myths: There are many myths regarding crypto, but in this article, we bust the most popular ones you need to know. - [10 blockchain scaling terms you should know](https://coinswitch.co/switch/crypto/10-blockchain-scaling-terms-you-should-know/): How do blockchains scale up when there is a lot of traffic? Learn all about it by looking at these 10 must-know blockchain scaling terms. - [How can ChatGPT and AI help Bitcoin and crypto users?](https://coinswitch.co/switch/crypto/how-can-chatgpt-and-ai-help-bitcoin-and-crypto-users/): Can ChatGPT and AI help Bitcoin and crypto users? Yes, it can, and in a variety of ways. Learn all about them with this read - [Crypto mining vs. crypto trading: Which is more profitable?](https://coinswitch.co/switch/crypto/crypto-mining-vs-crypto-trading-which-is-more-profitable/): In this article, we will compare the profitability of crypto mining and crypto trading and explore the factors that affect it. - [Challenges and limitations of the Proof Of Work (PoW) and Proof Of Stake (PoS) consensus mechanisms](https://coinswitch.co/switch/crypto/challenges-and-limitations-of-proof-of-work-and-proof-of-stake/): PoW and PoS are popular consensus mechanisms in crypto. Read this to learn about the challenges and limitations of PoW and PoS. - [Why is Rupee Cost Averaging important?](https://coinswitch.co/switch/personal-finance/why-is-rupee-cost-averaging-important/): Rupee Cost Averaging (RCA) allows investors to invest a small, fixed sum at regular intervals. Read this to learn more about it. - [All about DeFi loans: How does DeFi lending work?](https://coinswitch.co/switch/crypto/all-about-defi-loans-how-does-defi-lending-work/): DeFi lending transactions are based on crypto assets and executed through smart contacts with intermediaries like banks. Read on. - [Equity vs. derivatives: Which is the right investment strategy?](https://coinswitch.co/switch/personal-finance/equity-vs-derivatives-which-is-the-right-investment-strategy/): Many investors consider equity and derivatives as somewhat similar. Yet, as we will discuss in this blog post, they differ on various counts. - [All about Bitcoin wallets: How can we use Bitcoin wallets](https://coinswitch.co/switch/crypto/all-about-bitcoin-wallets-how-can-we-use-bitcoin-wallets/): Bitcoin wallet allows users to store, send, and receive digital assets, using cryptography to secure and verify transactions. - [Why blockchain gaming will drive mass adoption of crypto](https://coinswitch.co/switch/crypto/why-blockchain-gaming-will-drive-mass-adoption-of-crypto/): Blockchain gaming will drive the mass adoption of crypto, paving the way for broader acceptance. Learn how. - [What is XIRR in mutual funds, and how to calculate it?](https://coinswitch.co/switch/personal-finance/what-is-xirr-in-mutual-funds-and-how-to-calculate-it/): While withdrawing from a mutual fund, how should you calculate your gains? Via XIRR. Learn all about XIRR in mutual funds here. - [What is side pocketing in mutual funds?](https://coinswitch.co/switch/personal-finance/what-is-side-pocketing-in-mutual-funds/): Side pocketing is a way to safeguard investors of mutual funds that have exposure to risky assets. Read more about it here. - [What is Helium mining?](https://coinswitch.co/switch/crypto/what-is-helium-mining/): A new form of crypto mining has emerged with the Helium network. Read this article to learn about Helium mining and how to do it. - [What is scalp trading or scalping in crypto, and how does it work?](https://coinswitch.co/switch/crypto/what-is-scalp-trading-or-scalping-in-crypto-and-how-does-it-work/): Scalp trading or scalping in crypto refers to a trading strategy involving making small profits from several trades within a short period. - [Top 10 facts about APE you should know](https://coinswitch.co/switch/crypto/top-10-facts-about-ape-you-should-know/): The ApeCoin project entered the crypto space on 17 March 2022. Crypto investors are closely watching the BAYC-inspired decentralized project. - [What is an exchange-traded fund (ETF): Types, benefits, and returns](https://coinswitch.co/switch/personal-finance/what-is-an-exchange-traded-fund-etf-types-benefits-and-returns/): ETFs or "Exchange-Traded Funds" are what the name implies: Funds that trade on exchanges, generally tracking a specific index. - [What is CFD in crypto?](https://coinswitch.co/switch/crypto/what-is-cfd-in-crypto/): CFD in crypto is a tradable contract serving two main objectives, speculation and hedging. Read this blog to learn more about it. - [The importance of crypto in the gaming industry](https://coinswitch.co/switch/crypto/the-importance-of-crypto-in-the-gaming-industry/): Crypto has upended the gaming industry. Gamers use it to buy virtual products and pay for online services. Read to learn more. - [What are the factors that affect the performance of mutual funds?](https://coinswitch.co/switch/personal-finance/what-are-the-factors-that-affect-the-performance-of-mutual-funds/): Mutual funds are popular investment options, but certain performance factors can affect returns. Read to learn more. - [What are emerging market funds?](https://coinswitch.co/switch/personal-finance/what-are-emerging-market-funds/): Emerging market funds invest in emerging economies. They aim to tap the growth potential of these developing and expanding economies. - [Types of popular metaverse jobs: A preview](https://coinswitch.co/switch/crypto/types-of-popular-metaverse-jobs-a-preview/): The demand for metaverse jobs will increase as the metaverse grows in popularity and becomes more integrated into our lives. Read on. - [What is satoshi in Bitcoin, and how is it different from other digital denominations?](https://coinswitch.co/switch/crypto/what-is-satoshi/): Named after Bitcoin's creator, Satoshi is the smallest denomination of bitcoin. Learn more about it with this quick read. - [What is an ARN number in mutual funds?](https://coinswitch.co/switch/personal-finance/what-is-an-arn-number-in-mutual-funds/): ARN is a unique identification number. It tracks all transactions that investors make through a mutual fund distributor. Learn about it here. - [The use of crypto exchanges for trading and hedging](https://coinswitch.co/switch/crypto/using-crypto-exchanges-for-trading-and-hedging/): Crypto trading and hedging are both important concepts in the context of investing. This article helps break them down. - [The impact of cryptocurrency mining on the environment](https://coinswitch.co/switch/crypto/the-impact-of-cryptocurrency-mining-on-the-environment/): Cryptocurrency mining has a significant impact on the environment. As crypto rises, it's time to sit up. Read all about it here. - [What are Merkle and Verkle trees in blockchain technology?](https://coinswitch.co/switch/crypto/what-are-merkle-and-verkle-trees-in-blockchain-technology/): Merkle and Verkle trees are integral to many blockchain networks. Let's understand what are they with this quick read. - [Understanding the benefits of crypto for gamers](https://coinswitch.co/switch/crypto/understanding-the-benefits-of-crypto-for-gamers/): Crypto gaming has many benefits for gamers and developers. Read about the benefits of crypto for gamers in this article. - [The future of crypto trading: What experts predict](https://coinswitch.co/switch/crypto/the-future-of-crypto-trading-what-experts-predict/): It is essential to understand the future of cryptocurrency in India. Read to learn more about crypto portfolio management. - [PMS vs. mutual fund: Which one is better for investment?](https://coinswitch.co/switch/personal-finance/pms-vs-mutual-fund-which-one-is-better-for-investment/): PMS and mutual funds are two popular investment options in India. Both allow investors to invest in a diversified portfolio. Read on. - [The role of Cardano in the wider blockchain ecosystem](https://coinswitch.co/switch/crypto/the-role-of-cardano-in-the-wider-blockchain-ecosystem/): Cardano is a blockchain platform that aims to create sustainable and secure infrastructure. Read to learn more. - [The impact of mining pool and mining centralization on the crypto ecosystem](https://coinswitch.co/switch/crypto/impact-of-mining-pool-and-mining-centralization-on-the-crypto-ecosystem/): Crypto mining pool offers efficient and consistent rewards for small-scale miners, reducing variance in earnings. Read to learn more. - [How does the PRC matrix of debt mutual funds work?](https://coinswitch.co/switch/personal-finance/how-does-the-prc-matrix-of-debt-mutual-funds-work/): Debt mutual funds are not risk-free, but the Potential Risk Class (PRC calculator) matrix helps investors make informed decisions. - [MF investment: Should you invest in multiple mutual funds?](https://coinswitch.co/switch/personal-finance/should-you-invest-in-multiple-mutual-funds/): Investing in multiple mutual funds can further diversify portfolios and reduce risks. Read on to know to learn all about them. - [How to add Arbitrum to MetaMask](https://coinswitch.co/switch/crypto/how-to-add-arbitrum-to-metamask/): Arbitrum is an important part of the Web 3.0 ecosystem. This article explains how Arbitrum works and how it can be added to Metamask. - [The future of cryptocurrency mining and potential advances in technology](https://coinswitch.co/switch/crypto/the-future-of-cryptocurrency-mining-and-advances-in-technology/): What is the future of cryptocurrency mining going to look like? Will technological advances save it, or is it done for? Read on to find out. - [How mutual funds can boost your savings](https://coinswitch.co/switch/personal-finance/how-mutual-funds-can-boost-your-savings/): Mutual funds invest across sectors and asset classes to generate a steady income for investors. Learn how they can help boost your savings. - [A beginner’s guide on how to use DOGE as a payment method](https://coinswitch.co/switch/crypto/a-beginners-guide-on-how-to-use-doge-as-a-payment-method/): Dogecoin offers fast transaction times, low fees, and easy accessibility. Let us learn how to buy Dogecoin crypto. - [How does blockchain technology help organizations when sharing data](https://coinswitch.co/switch/crypto/how-does-blockchain-technology-help-organizations-when-sharing-data/): A basic understanding of how blockchain technology works would help us understand how it can help firms to share data to improve efficiency. - [How do mutual funds pay dividends?](https://coinswitch.co/switch/personal-finance/how-do-mutual-funds-pay-dividends/): Mutual funds invest in companies that pay dividends, giving shareholders and stockholders a cut. Learn more about mutual fund dividends here. - [What is a fund of funds?](https://coinswitch.co/switch/personal-finance/what-is-fund-of-funds/): Fund of Funds (FOF) is a fund that invests in other types of funds. Read on to learn all about them and their advantages and disadvantages. - [Solana and its impact on the Web 3.0 ecosystem](https://coinswitch.co/switch/crypto/solana-and-its-impact-on-the-web-3-0-ecosystem/): The Solana network is making its presence felt in the Web 3.0 ecosystem, influencing many developments. Learn more about this crypto here. - [How can NFT ticketing disrupt the ticketing industry](https://coinswitch.co/switch/crypto/how-can-nft-ticketing-disrupt-the-ticketing-industry/): NFT ticketing can disrupt the traditional ticketing industry by addressing its inefficiencies. It helps to combat fraud. Read on to know more. - [What is net asset value (NAV)?](https://coinswitch.co/switch/personal-finance/what-is-net-asset-value-nav/): What is NAV? NAV stands for net asset value. The metric indicates the value of an investment by adding up assets and deducting liabilities. - [How do crypto exchange-traded funds (ETFs) work?](https://coinswitch.co/switch/crypto/how-do-crypto-exchange-traded-funds-etfs-work/): Understanding what exchange-traded funds are, how crypto ETFs work, their benefits, risks, and the key players in the market. - [Things to know before investing in Shiba Inu coin in India](https://coinswitch.co/switch/crypto/things-to-know-before-investing-in-shiba-inu-coin-in-india/): Shiba Inu coin (SHIB) is a crypto launched on the Ethereum blockchain. Read on to know about its features and its price in India. - [ETF vs. FOF: What's the difference?](https://coinswitch.co/switch/personal-finance/etf-vs-fof-whats-the-difference/): Differences between ETF vs. mutual fund based on basic structure, selling price, liquidity, and taxation. Read the full article to know more. - [Building the future of blockchain: Understanding Layers 0, 1, 2, and 3](https://coinswitch.co/switch/crypto/building-the-future-of-blockchain-understanding-layers-0-1-2-and-3/): Layers in blockchain architecture provide a simpler understanding of their security and scalability. Learn more. - [What’s the difference between a bull and a bear market?](https://coinswitch.co/switch/personal-finance/whats-the-difference-between-a-bull-and-a-bear-market/): Understand the differences and investing techniques that might work in both bull and bear markets. Read to learn more. - [What is the Waves crypto, and what are its advantages?](https://coinswitch.co/switch/crypto/what-is-the-waves-crypto/): The Waves crypto supports decentralized open-source technologies building scalable, user-friendly apps. Read more about it here. - [The difference between custodial and non-custodial wallets](https://coinswitch.co/switch/crypto/differences-between-custodial-and-non-custodial-wallets/): Crypto wallets are of two main types: custodial and non-custodial wallets. Check out the differences, advantages, and disadvantages here. - [What are Earnings Per Share (EPS)?](https://coinswitch.co/switch/us-stocks/what-are-earnings-per-share-eps/): Earnings Per Share (EPS) is the net income that each share of the existing common stock generates. Keep reading this article to know more. - [Blockchain remittances: Are they the future of cross-border payments?](https://coinswitch.co/switch/crypto/blockchain-remittances-what-is-the-future-of-cross-border-payments/): Blockchain remittances mean using blockchain technology to pay internationally. Read more about the use of crypto in cross-border payments. - [How crypto is changing the face of mobile gaming](https://coinswitch.co/switch/crypto/how-crypto-is-changing-the-face-of-mobile-gaming/): Crypto is a fast, secure, and cost-effective payment solution for mobile gaming. To learn more about how crypto makes games better, read this. - [Is investing in the Bitcoin crypto project for everyone?](https://coinswitch.co/switch/crypto/is-investing-in-the-bitcoin-crypto-project-for-everyone/): Investing in the Bitcoin crypto project comes with many pros. But is it for everyone? Read this to assess the project and see if it's for you. - [Forex vs. crypto trading: Which should you choose?](https://coinswitch.co/switch/crypto/forex-vs-crypto-trading-which-should-you-choose/): Forex and crypto trading can generate large profits, but they come with their risks. To understand the differences between them, read this - [What are lump sum investments, and what are their features?](https://coinswitch.co/switch/personal-finance/what-are-lump-sum-investments-and-what-are-their-features/): What are lump sum investments in mutual funds? Are they any good? Learn all about them with the CoinSwitch blog. - [What is a mainnet in the context of cryptocurrency?](https://coinswitch.co/switch/crypto/what-is-a-mainnet-in-the-context-of-cryptocurrency/): A mainnet, in the context of cryptocurrency, is a fully operational and independent blockchain network. Read this to know more. - [What is SIP (Systematic Investment Plan) - Definition, types, and benefits](https://coinswitch.co/switch/personal-finance/what-is-sip-systematic-investment-plan-definition-types-and-benefits/): Systematic investment plan is a way of investing in mutual funds. This blog post will discuss all aspects of SIPs. - [Reasons to buy, sell, and mint NFTs on the Polygon blockchain](https://coinswitch.co/switch/crypto/reasons-to-buy-sell-and-mint-nfts-on-the-polygon-blockchain/): Know the reasons why Polygon Blockchain is preferred by developers to mint new NFTs over othe blockchain protocols. - [What are equity mutual funds?](https://coinswitch.co/switch/personal-finance/what-are-equity-mutual-funds/): Equity mutual funds come in all shapes and sizes. They are classified based on the market capitalization of the companies they invest in. - [How is blockchain different from traditional database models?](https://coinswitch.co/switch/crypto/how-is-blockchain-different-from-traditional-database-models/): A blockchain is a distributed ledger that records information digitally. Read to learn how it is different from traditional database models. - [What is SegWit (Segregated Witness), and how does it work?](https://coinswitch.co/switch/crypto/what-is-segwit-segregated-witness-and-how-does-it-work/): SegWit is a Bitcoin protocol upgrade. In this article, we will explore what SegWit is, how it works, and its impact on the blockchain. - [APY vs. APR: What is the difference?](https://coinswitch.co/switch/crypto/apy-vs-apr-what-is-the-difference/): The terms APR and APY are both used to calculate interest. And they define how much you earn or pay. Read on to learn the differences. - [Top 5 Dogecoin wallets in 2023](https://coinswitch.co/switch/crypto/top-5-dogecoin-wallets-in-2023/): Dogecoin wallets allow traders to safely store, send, and receive DOGE. Read this article to learn more about the 5 top ones. - [Evaluating Bitcoin as a payment option in different industries](https://coinswitch.co/switch/crypto/evaluating-bitcoin-as-a-payment-option-in-different-industries/): Bitcoin is gaining popularity as a payment option in many industries. This article takes an industry-wise look at its many advantages. - [What is Bitcoin Cash?](https://coinswitch.co/switch/crypto/what-is-bitcoin-cash-2/): Bitcoin vs. Bitcoin Cash: Read this Article to Know the Detailed Comparison Between Bitcoin Cash & Bitcoin. - [What are the five pitfalls of mutual funds?](https://coinswitch.co/switch/mutual-funds/what-are-the-five-pitfalls-of-mutual-funds/): Expense ratio in mutual fund is a major factor to look out for when investing in mutual funds. Read to know more. - [Picking the best mutual fund: A guide & overview](https://coinswitch.co/switch/mutual-funds/picking-the-best-mutual-fund-a-guide-overview/): When picking the best mutual fund to invest, most investors would need some handholding. Here’s a primer on the popular investment vehicle. - [NFTs under the Income Tax Act: How are they taxed in India?](https://coinswitch.co/switch/crypto/nfts-under-the-income-tax-act-how-are-they-taxed-in-india/): Any income from the sale or transfer of NFTs is taxed at 30% currently. To know more about the NFT tax, read this blog. - [What are absolute returns in mutual funds, and how to calculate them?](https://coinswitch.co/switch/mutual-funds/what-are-absolute-returns-in-mutual-funds/): Absolute return refers to the actual returns that such funds generate. Read this if you want to know more about it how to calculate it. - [What is Unspent Transaction Output (UTXO)?](https://coinswitch.co/switch/crypto/what-is-unspent-transaction-output-utxo/): UTXO is a term used in blockchain technology the leftover change that can be used for a future transaction. Read this to learn more about it. - [What are NFOs in the context of mutual funds?](https://coinswitch.co/switch/mutual-funds/what-are-nfos-in-the-context-of-mutual-funds/): NFOs are first-time subscriptions for new mutual fund schemes. Read this to know the pros and cons of this early bird investment opportunity. - [How to use the spinning top candlestick pattern to trade crypto](https://coinswitch.co/switch/crypto/how-to-use-the-spinning-top-candlestick-pattern-to-trade-crypto/): Charts offer vital information about price movements. Read this article to learn more about the spinning top candlestick pattern. - [How to select the best sector mutual funds in 2024](https://coinswitch.co/switch/mutual-funds/how-to-select-the-best-sector-mutual-funds-in-2023/): Selecting the best sector-specific funds can be challenging. This article tells you how to select the best sector mutual funds in 2023. - [How to read candlestick charts](https://coinswitch.co/switch/personal-finance/how-to-read-candlestick-charts/): Candlestick charts are one of the most popular chart types for day traders. Here's a guide to help you to read these charts. - [FTX chaos and its effects on the Indian crypto market](https://coinswitch.co/switch/crypto/ftx-chaos-and-its-effects-on-the-indian-crypto-market/): FTX, a $32 billion crypto firm, filed for bankruptcy in November 2022, it sent shockwaves through the crypto world, including India. Read on. - [What are decentralized exchanges? Know more about decentralized exchanges in India](https://coinswitch.co/switch/crypto/what-are-decentralized-exchanges-know-more-about-decentralized-exchanges-in-india/): Decentralized exchanges (DEX) are crypto exchanges that run on trustless and decentralized peer-to-peer networks. Read on. - [Everything you need to know about windfall tax](https://coinswitch.co/switch/personal-finance/everything-you-need-to-know-about-windfall-tax/): Windfall tax is a one-time tax that taxes profits or gains arising from the transfer of a capital asset. Read to learn more. - [IDCW vs. growth mutual funds: Which is better?](https://coinswitch.co/switch/mutual-funds/idcw-vs-growth-mutual-funds-which-is-better/): IDCW and growth mutual funds are the two most common kinds of mutual funds out there. This article helps you figure out which is better. - [Small cap stocks: Features and advantages of small cap stocks](https://coinswitch.co/switch/personal-finance/small-cap-stocks-features-and-advantages-of-small-cap-stocks/): Small-cap stocks are extremely volatile and risky. Good small-cap stocks are known for providing higher returns over the long term. - [Which blockchain offers the best support for NFT minting?](https://coinswitch.co/switch/crypto/which-blockchain-best-supports-nft-minting/): NFT minting can be a great way to make profits. But do you know which blockchain best supports NFT minting? Read this to find out. - [What is Nifty, and how is it calculated?](https://coinswitch.co/switch/personal-finance/what-is-nifty-and-how-is-it-calculated/): You may know Nifty as one of India's two stock market exchanges. But do you know how Nifty is calculated? Read this to find out. - [An introduction to the blockchain-based gaming and NFT-focused Enjin token (ENJ): What are its use cases?](https://coinswitch.co/switch/crypto/an-introduction-to-enjin-token-enj-and-its-use-cases/): The Enjin token or ENJ has many uses in the Enjin ecosystem, which makes in-game asset ownership possible. Read this to learn more. - [Comparing Enjin with other blockchain-based gaming and NFT platforms](https://coinswitch.co/switch/crypto/comparing-enjin-with-other-blockchain-based-gaming-and-nft-platforms/): Enjin stands out among blockchain-based gaming and NFT platforms. What makes it special? Read this to find out. - [Top benefits of crypto SIPs to look out for in 2023](https://coinswitch.co/switch/crypto/top-benefits-of-crypto-sips-to-look-out-for-in-2023/): Some top benefits of crypto SIPs are regularity, a long-term focus, and the potentially high returns. Read on to learn more about them. - [What is the Synthetix network token?](https://coinswitch.co/switch/crypto/what-is-the-synthetix-network-token/): Synthetix is one of the first companies to give users access to synthetic assets. Learn all about its network token, SNX, here. - [Top 10 facts about Cardano you should know](https://coinswitch.co/switch/crypto/top-10-facts-about-cardano-you-should-know/): Cardano is one of the leading 10 cryptos by market cap. Here are top 10 facts about Cardano you should know. - [Top 10 facts about Bancor (BNT) you should know](https://coinswitch.co/switch/crypto/top-10-facts-about-bancor-bnt-you-should-know/): Bancor (BNT) is a DEX that offers liquidity in a never-seen-before way. Here are the top 10 facts about Bancor you should know. - [Top 10 facts about Polygon you should know](https://coinswitch.co/switch/crypto/top-10-facts-about-polygon-you-should-know/): Polygon is a scaling platform that operates without a central authority. It was designed to solve the scaling problems with Ethereum. - [5 Bitcoin alternatives to look out for in 2023](https://coinswitch.co/switch/crypto/5-bitcoin-alternatives-to-look-out-for-in-2023/): Top 5 Bitcoin alternatives are Ethereum, Cardano, Solana, Polkadot, and Avalanche. Learn more about the coins. - [The challenges of implementing cryptocurrency in gaming](https://coinswitch.co/switch/crypto/the-challenges-of-implementing-cryptocurrency-in-gaming/): Crypto in gaming is becoming increasingly popular due to its security, but there are roadblocks. Read to learn more. - [Best contra funds-Top performing contra mutual funds to invest in 2023](https://coinswitch.co/switch/mutual-funds/best-contra-funds-top-performing-contra-mutual-funds-to-invest-in-2023/): The main characteristic of contra mutual funds is their investment in undervalued stocks. Read to learn more about some of the best. - [The best IT sector stocks to invest in 2023-24](https://coinswitch.co/switch/personal-finance/the-best-it-sector-stocks-to-invest-in-2023/): IT stocks deserve a place in investor portfolios given the sector's growth potential. Here's a list of IT stocks you can consider. - [What are soulbound tokens, and how do they work](https://coinswitch.co/switch/crypto/what-are-soulbound-tokens-and-how-do-they-work/): Soulbound Tokens (SBTs) are one way of maintaining digital identity in a decentralized world. Read on to understand their importance. - [What are wrapped coins?](https://coinswitch.co/switch/crypto/what-are-wrapped-coins/): Wrapped coins have emerged as major DeFi innovations. Read this article to know everything related to them. - [What is crypto day trading: Everything you need to know](https://coinswitch.co/switch/crypto/what-is-crypto-day-trading-everything-you-need-to-know/): Crypto day trading is a set of techniques used to take advantage of short-term changes in the prices of a commodity. Read to know more. - [How will DeFi reshape the future of digital finance?](https://coinswitch.co/switch/crypto/how-will-defi-reshape-the-future-of-digital-finance/): DeFi applications create a system accessible to anyone, anywhere. Read all about their potential to change the future of finance here. - [Liquid funds: Benefits, returns, and risks involved](https://coinswitch.co/switch/mutual-funds/liquid-funds-benefits-returns-and-risks-involved/): What are liquid funds? A type of mutual fund, is the short answer. The long answer? Well, that’s what the rest of this article is for. - [How a mutual fund distributor is different from an investment advisor](https://coinswitch.co/switch/mutual-funds/mutual-fund-distributors-vs-investment-advisor/): Mutual fund distributors are not investment advisors, so it is important to know the difference. Learn more with this article. - [The best crypto DAO projects to look out for in 2023](https://coinswitch.co/switch/crypto/the-best-crypto-dao-projects-in-2023/): A crypto DAO project is business governed by its community through voting. Learn all about 3 of the best DAO projects with this article. - [What is a grid trading bot?](https://coinswitch.co/switch/crypto/what-is-a-grid-trading-bot/): Grid trading bots are trading bots that allow you to place a string of buy-and-sell orders within a specified price range. - [How to pick a crypto for day trading?](https://coinswitch.co/switch/crypto/how-to-pick-a-crypto-for-day-trading/): Day trading can initially seem challenging, especially if you need to learn about trading strategies and make the correct coin selection. - [What is IC15, India's first cryptocurrency index](https://coinswitch.co/switch/crypto/what-is-ic15-indias-first-cryptocurrency-index/): IC15 enables investors to monitor the price of different cryptos. Read on to learn more about this crypto index. - [Token offerings (ICOs, STOs, and IEOs): Different types of token offerings](https://coinswitch.co/switch/crypto/token-offerings-icos-stos-and-ieos-different-types-of-token-offerings/): Learn what is ICO, STO, and IEO, in the crypto market. Definiton, key purposes, similarities and differences. - [Filecoin and Web3: How the network contributes to the decentralized web](https://coinswitch.co/switch/crypto/filecoin-and-web3-how-the-network-contributes-to-the-decentralized-web/): Learn what is web3 and how Filecoin plays a key role in the development of Web3 ecosystem with its decentralized storage network. - [What are commodity mutual funds: Various types and benefits](https://coinswitch.co/switch/mutual-funds/what-are-commodity-mutual-funds-various-types-and-benefits/): Commodity mutual funds in India provide exposure to commodities and commodity-related securities, helping to diversify portfolios. - [DigiByte wallet options and their security measures](https://coinswitch.co/switch/crypto/digibyte-wallet-options-and-their-security-measures/): DigiByte (DGB) is compatible with a variety of wallet options. Read this to know more about them and their security measures. - [Making the most of volatility with mutual fund SIPs](https://coinswitch.co/switch/mutual-funds/making-the-most-of-volatility-with-mutual-fund-sips/): Mutual fund SIPs are a great way to manage volatility and secure your financial future. Learn more about mutual fund SIP. - [What is a recovery phrase, and how does it work?](https://coinswitch.co/switch/crypto/what-is-a-recovery-phrase/): A recovery phrase helps protect users from losing access to their crypto. Want to learn more about it? Read this. - [Everything you need to know about expense ratio](https://coinswitch.co/switch/mutual-funds/everything-you-need-to-know-about-expense-ratio/): An expense ratio reflects how much a mutual fund or an ETF pays for portfolio management, among other expenses. Read on to know more! - [What are high-risk investments in mutual funds?](https://coinswitch.co/switch/mutual-funds/what-are-high-risk-investments-in-mutual-funds/): High-risk mutual funds are simply mutual funds made up of small and mid-cap investments. Read about their benefits. - [The impact of mining on the value and stability of crypto](https://coinswitch.co/switch/crypto/the-impact-of-mining-on-the-value-and-stability-of-crypto/): Crypto mining is essential for the upkeep of the blockchain. But do you understand the impact of mining on token value and stability? - [Charges applicable on demat accounts, and how to avoid them](https://coinswitch.co/switch/personal-finance/charges-applicable-on-demat-accounts-and-how-to-avoid-them/): Demat accounts come with a variety of charges. It helps to be clear bout them before you begin investing. Read on to learn about them. - [What is IDCW in mutual funds, and how does it work](https://coinswitch.co/switch/mutual-funds/what-is-idcw-in-mutual-funds-and-how-does-it-work/): IDCW in mutual fund allows investors to receive income and withdraw from their investments while keeping the principal amount invested. - [How does the concept of compounding apply to mutual funds?](https://coinswitch.co/switch/mutual-funds/how-does-the-concept-of-compounding-apply-to-mutual-funds/): The concept of compound interest works wonders on your investments, growing the amount you invest into a much larger amount over the years. - [What are the benefits of holding stocks for the long term?](https://coinswitch.co/switch/personal-finance/what-are-the-benefits-of-holding-stocks-for-long-term/): Holding stocks for long-term investment can provide numerous benefits for investors. Read more about its benefits and strategy. - [What are T2T stocks, and how to trade in them](https://coinswitch.co/switch/personal-finance/what-are-t2t-stocks-and-how-to-trade-in-t2t-stocks/): T2T stocks or Trade-to-Trade stocks form a separate category on the Bombay Stock Exchange and the National Stock Exchange. Read on. - [Token-powered social networks: How they reward users in metaverse-based social networks](https://coinswitch.co/switch/crypto/token-powered-social-networks-how-they-reward-users-in-metaverse-based-social-networks/): Token-powered social network is a decentralized social network that uses blockchain technology and crypto to incentivize users. - [What is a blend fund?](https://coinswitch.co/switch/mutual-funds/what-is-a-blend-fund/): A blend fund is a mutual funds that combines value stocks and growth stocks to give better returns. Read this for more. - [Top renewable energy stocks in India: Why should you invest in them?](https://coinswitch.co/switch/personal-finance/top-renewable-energy-stocks-in-india-why-should-you-invest-in-them/): India is the third-largest producer of renewable energy, making it a great place to invest in renewable energy stocks. Read about them here. - [The pitfalls of mutual fund SIPs: A guide for small-cap investors in volatile markets](https://coinswitch.co/switch/mutual-funds/a-guide-for-small-cap-mutual-fund-sip-investors-in-volatile-markets/): Small-cap mutual funds can be volatile due to the stock market's price fluctuation. Learn how to manage as a small-cap mutual fund investor. - [What is a mutual fund portfolio, and how to make one](https://coinswitch.co/switch/mutual-funds/what-is-a-mutual-fund-portfolio/): A mutual fund portfolio is important if you’re looking to diversify your investments. Read on to understand the basics. - [What are AMFI mutual funds in India, and how do they work?](https://coinswitch.co/switch/mutual-funds/what-are-amfi-mutual-funds-in-india-and-how-do-they-work/): AMFI is a self-regulating body that plays a key role in promoting the growth of mutual funds in India. Read this to learn about it. - [Best cryptocurrencies to invest in India in 2023 for the short term](https://coinswitch.co/switch/crypto/best-cryptocurrencies-to-invest-in-india-in-2023-for-the-short-term/): This blog post discusses the future cryptocurrency to invest in India for the short term. Read on to learn about them. - [The rise of the gaming economy powered by blockchain](https://coinswitch.co/switch/crypto/rise-of-the-gaming-economy-powered-by-blockchain/): Blockchain gaming provides increased security, faster payments, and the ability to create unique digital assets. - [Best small cap stocks you can consider investing in 2023-24](https://coinswitch.co/switch/personal-finance/best-small-cap-stocks-you-can-consider-investing-in-2023/): Small cap stocks offer higher returns due to their greater growth potential, but are suitable for investors who are eager to take more risk. - [A guide to picking top 7 FMCG stocks in India in 2023](https://coinswitch.co/switch/personal-finance/a-guide-to-picking-top-7-fmcg-stocks-in-india-in-2023/): FMCG stocks offer stable investment opportunities with low risk and consistent returns, and are not sensitive to economic cycles. - [What is volatility in the stock market?](https://coinswitch.co/switch/personal-finance/what-is-volatility-in-the-stock-market/): Volatility in the stock market measures the rate of change in the stock's price. It sometimes indicates risk. Learn more about volatility. - [How to invest in crypto without buying](https://coinswitch.co/switch/crypto/how-to-invest-in-crypto-without-buying-it/): Crypto investment has a few risks, but there are ways to invest without buying in. Check out these indirect crypto investments. - [Understanding maker and taker fees in crypto](https://coinswitch.co/switch/crypto/understanding-maker-and-taker-fees-in-crypto/): Maker and taker fees are two types of trading fees that investors have to pay while trading crypto. Learn why crypto exchanges levy them. - [How does Internet Computer (ICP) work?](https://coinswitch.co/switch/crypto/how-does-internet-computer-icp-work/): ICP uses blockchain tech to allow the building of online services without traditional IT such as cloud computing services. Learn more here. - [What is the difference between FPI and FDI?](https://coinswitch.co/switch/personal-finance/what-is-the-difference-between-fpi-and-fdi/): Foreign investments in India comes in two modes, FPI & FDI. Read this blog post to understand the nuances of each. - [The process and technology behind crypto exchanges](https://coinswitch.co/switch/crypto/the-process-and-technology-behind-crypto-exchanges/): Cryptocurrency exchanges in India are becoming increasingly popular, and this blog post will help you learn more about them. - [Top three reasons why NFTs are viable long-term assets](https://coinswitch.co/switch/crypto/top-three-reasons-why-nfts-are-viable-long-term-assets/): Top NFTs are usually artworks. It gives users exclusive ownership rights shared by the seller to the buyer. Read more. - [4 things that make DeFi unique: A comparison with traditional finance](https://coinswitch.co/switch/crypto/4-things-that-make-defi-unique-a-comparison-with-traditional-finance/): Decentralized Finance (DeFi) refers to financial applications built on blockchains. This article discusses 4 things that make DeFi unique - [The 5 best crypto tax software in 2023](https://coinswitch.co/switch/crypto/the-5-best-crypto-tax-software-in-2023/): Crypto tax software is a tool that allows you to calculate the profit and loss from crypto trading. Read on to learn about the five. - [Three methods: How to use them to enter and exit crypto](https://coinswitch.co/switch/crypto/three-methods-how-to-use-them-to-enter-and-exit-crypto/): One way to know when to buy and sell crypto is using the three methods patterns. Read this to learn all about them. - [The mining process in crypto and blockchain technology](https://coinswitch.co/switch/crypto/the-mining-process-in-crypto-and-blockchain-technology/): Mining is a process cryptos use to create new coins and validate crypto transactions. So read on to know about blockchain and mining process. - [Will GameFi drive the future of the metaverse?](https://coinswitch.co/switch/crypto/will-gamefi-drive-the-future-of-the-metaverse/): Gamefi plays a key role in driving the metaverse economy. Read this article to learn about GameFi and its sway on the metaverse. - [Top 5 NFT games you can start playing](https://coinswitch.co/switch/crypto/top-5-nft-games-you-can-start-playing/): NFT games belong to the broad category of blockchain games that made their triumphant entry, pushing traditional mobile phone games aside. - [Calculators for recurring deposit interest rates: An explainer](https://coinswitch.co/switch/personal-finance/calculators-for-recurring-deposit-interest-rates-an-explainer/): Calculating the interest for recurring deposits is a bit complex, which is why it would be best if you use an RD calculator. - [What are treasury bills, and how do they work](https://coinswitch.co/switch/mutual-funds/what-are-treasury-bills-and-how-do-they-work/): Treasury bills are issued by governments. Governments issue treasury bills when they need money for a short period. - [What are multi-cap mutual funds, and what are the different types](https://coinswitch.co/switch/mutual-funds/what-are-multi-cap-mutual-funds-and-what-are-the-different-types/): What is a multicap fund? This blog post will provide you everything you need to know about multicap mutual funds. - [When to use index funds for diversification](https://coinswitch.co/switch/mutual-funds/when-to-use-index-funds-for-diversification/): An index mutual fund or ETF has a portfolio that duplicates or tracks the component sections of a financial market's index. Read on. - [Debt funds vs. Fixed deposits: Which one should you choose](https://coinswitch.co/switch/mutual-funds/debt-funds-vs-fixed-deposits-which-one-should-you-choose/): Looking for information on debt funds and fixed deposits? This blog post will provide you with everything you want to know about them. - [What is exit load in mutual funds?](https://coinswitch.co/switch/mutual-funds/what-is-exit-load-in-mutual-funds/): Investors need to understand the implications of exit load in mutual fund and how it can impact their investment returns. - [A guide to retirement planning tools and calculators](https://coinswitch.co/switch/personal-finance/a-guide-to-retirement-planning-tools-and-calculators/): Retirement planning involves investing in financial instruments to build a good retirement corpus. A guide to retirement planning tools. - [NFTs on Instagram: A step-by-step guide to create and sell](https://coinswitch.co/switch/crypto/nfts-on-instagram-a-step-by-step-guide/): Instagram NFTs are essentially digital collectibles on the Instagram platform. Read this to learn about them before they go big in India. - [What are bonus shares?](https://coinswitch.co/switch/personal-finance/what-are-bonus-shares/): Bonus shares are corporate actions that firms use when there is a cash crunch. Read the article to understand what it is. - [Decentralized Finance (DeFi) and its role in the Web 3.0 ecosystem](https://coinswitch.co/switch/crypto/defi-and-its-role-in-the-web3-ecosystem/): DeFi is closely related to the Web 3.0 ecosystem. It makes the Web 3.0 space far more exciting and fruitful. Learn about it here. - [What is the 15x15x15 rule in mutual funds?](https://coinswitch.co/switch/mutual-funds/what-is-the-15x15x15-rule-in-mutual-funds/): The 15x15x15 rule is a rule that helps you earn a lot of money with smaller investments. Read on to learn about it. - [What are the top 5 expensive shares in India?](https://coinswitch.co/switch/personal-finance/what-are-the-top-5-expensive-shares-in-india/): Know about the most expensive shares in India by list. MRF share ranks higher in the list, followed by Page Industries, and.... - [Indian and US stock markets: A comparative analysis](https://coinswitch.co/switch/personal-finance/indian-and-us-stock-markets-a-comparative-analysis/): The US and Indian stock markets differ in terms of their volatility. Read on as we unpack this and more for you. - [What is the cut-off time in mutual fund transactions?](https://coinswitch.co/switch/mutual-funds/what-is-cut-off-time-in-mutual-funds/): The mutual fund cut-off time is the time before which you submit your application to avail of the same day's NAV. Learn all about it here. - [Crypto and blockchain: How they are changing the supply chain industry](https://coinswitch.co/switch/crypto/crypto-blockchain-how-they-are-changing-the-supply-chain-industry/): Blockchain technology is upending supply chains. Learn how blockchain in supply chain is transforming the industry. - [Features, advantages, and benefits of blue chip stocks](https://coinswitch.co/switch/personal-finance/features-and-advantages-of-blue-chip-stocks/): Blue chip stocks offer consistent returns and have minimum risk attached. They are ideal if you want secure returns. To know more, read on. - [ELSS fund lock-in period](https://coinswitch.co/switch/mutual-funds/elss-fund-lock-in-period/): ELSS is a mutual fund that offers tax deduction benefits under Section 80C. It comes with a 3-year lock-in. Read this to learn about it. - [NPS vs. SIP: Which is a better investment plan?](https://coinswitch.co/switch/mutual-funds/nps-vs-sip-which-is-a-better-investment-plan/): NPS vs SIP mutual fund, which is better? Understand the two methods of investing in a mutual fund and which scores over the other. Read on. - [Senior Citizen FD rates in India](https://coinswitch.co/switch/personal-finance/senior-citizen-fd-rates-in-india/): As of 2023, anyone over the age of 60 in India is eligible to create a Senior Citizen Fixed Deposit (FD). Learn all about them here. - [The one-time mandate in SIP: Its benefits and how to register](https://coinswitch.co/switch/mutual-funds/the-one-time-mandate-in-sip-its-benefits-and-how-to-register/): OTM stands for one-time mandate, a one-time registration process to be done by the mutual fund investor. Read to learn more. - [What are sectoral funds? Types & benefits](https://coinswitch.co/switch/mutual-funds/what-are-sectoral-funds-types-benefits/): Sectoral funds are regular and systematic investments that can help you benefit through cost averaging and compounding over time. - [What are ELSS Funds? How to invest in them and the tax benefits](https://coinswitch.co/switch/mutual-funds/what-are-elss-funds-how-to-invest-in-them-and-the-tax-benefits/): ELSS is a type of mutual fund that allows you to claim income tax deduction. Read on to know about the tax benefit and other features. - [How to keep your cryptocurrency safe](https://coinswitch.co/switch/crypto/ways-to-keep-your-crypto-safe/): There's a lot of concern about safety in the crypto space. Read this article to learn ways to keep your crypto safe. - [Preference shares: Definition, types, and features](https://coinswitch.co/switch/personal-finance/preference-shares-definition-types-and-features/): Preference shares are an exclusive share option that offers shareholders some preferential treatment. Read this to learn about them. - [The best conservative mutual funds out there](https://coinswitch.co/switch/mutual-funds/best-conservative-mutual-funds/): Conservative mutual funds are a type of balanced fund. Read this article to know some of the best conservative hybrid funds. - [Mutual Funds vs. Chit Funds](https://coinswitch.co/switch/mutual-funds/mutual-funds-vs-chit-funds/): Mutual Funds vs Chit Funds: which one should you invest in? Read this article for a complete comparison between them. - [Where to invest money in India: A primer](https://coinswitch.co/switch/personal-finance/where-to-invest-money-in-india-a-primer/): The best types of investment in India in 2023 are unit-linked insurance plan, Public Provident Fund, Mutual funds, and NPS. - [How to invest in Nifty Index Fund directly?](https://coinswitch.co/switch/mutual-funds/how-to-invest-in-nifty-index-fund-directly/): Index funds are a type of mutual fund that aims to replicate the performance of a specific stock market index, such as the Nifty 50. - [What are money market instruments?](https://coinswitch.co/switch/personal-finance/what-are-money-market-instruments/): Money Market Instruments are a very short-term debt in financing instruments that are issued with a maturity of one year or less. Read on. - [Penny stocks: Definition, features, and investment options](https://coinswitch.co/switch/personal-finance/penny-stocks-definition-features-and-investment-options/): Penny stocks refer to a small company's shares that typically trade for lower than $5 per share. Reading to learn more. - [What is a pre-open market session in the stock market?](https://coinswitch.co/switch/personal-finance/what-is-a-pre-open-market-session-in-the-stock-market/): Pre-open market session is a time when market participants place orders for securities to be executed when the regular market opens. - [What are the differences between NFO and IPO?](https://coinswitch.co/switch/personal-finance/what-are-the-differences-between-nfo-and-ipo/): In an IPO, the company offers its shares to the investors, whereas in NFO, fund units are offered to investors. - [What is Net Profit?](https://coinswitch.co/switch/personal-finance/what-is-net-profit/): Net profit is the difference between a company's total revenue and total expenses. Read this to learn all about it and why it's useful. - [CDSL vs. NSDL: What are the differences between them?](https://coinswitch.co/switch/personal-finance/cdsl-vs-nsdl-what-are-the-differences-between-them/): CDSL vs NSDL: Want to know what is the difference between CSDL & NSDL? Here is a detailed post comparing them. Read more about it. - [NSE, BSE, and MCX: Trading and market holidays 2023](https://coinswitch.co/switch/personal-finance/nse-bse-and-mcx-trading-and-market-holidays-2023/): A list of stock market holidays will be of immense help to traders and investors alike. We bring you a ready reckoner. - [Stock market timings in India | BSE & NSE share market timings](https://coinswitch.co/switch/personal-finance/stock-market-timings-in-india-bse-nse-share-market-timings/): Indian stock market timings are from 9.15 a.m. to 3.30 p.m. on all weekdays. Read to learn what happens during each session. - [What is IPO? - Meaning, types, process & eligibility](https://coinswitch.co/switch/personal-finance/what-is-ipo-meaning-types-process-eligibility/): When a private company floats its shares to the public for the first time, it is known as initial public offering. Read to learn more. - [What are corporate bond funds?](https://coinswitch.co/switch/mutual-funds/what-are-corporate-bond-funds/): A corporate bond fund is a mutual fund that invests more than 80% of its total assets in corporate bonds. Read to learn more. - [IPO vs. FPO: What is the difference between an IPO and FPO](https://coinswitch.co/switch/personal-finance/ipo-vs-fpo-what-is-the-difference-between-an-ipo-and-fpo/): Is IPO better than FPO? Or is it the other way around? Understand the differences between IPO and FPO with this blog. - [What is ESOP? - Definition, benefits & how does it work?](https://coinswitch.co/switch/personal-finance/what-is-esop-definition-benefits-how-does-it-work/): ESOP is short for Employee Stock Ownership Plan, where employers offer their employees the firm's stock at a low or no additional cost. - [How to buy stocks online](https://coinswitch.co/switch/personal-finance/how-to-buy-stocks-online/): Thinking about how to buy stocks? Here's everything we have discussed that can help you in buying stocks. Continue reading to learn more. - [Income tax slabs and current tax rates in India](https://coinswitch.co/switch/personal-finance/income-tax-slabs-and-current-tax-rates-in-india/): At present, the income tax slab rates vary according to the regime you opt for in India. This article explains it all in simple terms. - [What is the grey market, and how IPO shares are traded on it](https://coinswitch.co/switch/personal-finance/what-is-the-grey-market/): A grey market is one where the trading of goods takes place outside the realm of the manufacturer's official trading channels. - [What is Cardano (ADA)?-A guide for beginners](https://coinswitch.co/switch/crypto/what-is-cardano-ada-a-guide-for-beginners/): Looking to understand what is Cardano crypto, how does it work, and how to buy Cardano. Read to learn more about it. - [Operating Cash Flow (OCF): Methods, formula and examples](https://coinswitch.co/switch/personal-finance/what-is-operating-cash-flow/): Operating cash flow (OCF) is the cash a company's regular operations generate in a specific time period. Read this to know more. - [How to grow your crypto portfolio with Recurring Buy](https://coinswitch.co/switch/crypto/how-to-grow-your-crypto-portfolio-with-recurring-buy/): Want to know the ways how can you grow your crypto portfolio using the recurring buy strategy? Here is everything you need to know. - [What are hybrid mutual funds?](https://coinswitch.co/switch/mutual-funds/what-are-hybrid-mutual-funds/): A Hybrid Fund is a mutual fund that invests in more than one asset class depending on the investment objective. Read this to learn more. - [A guide to Bitcoin trading in India: Strategies to try in 2023](https://coinswitch.co/switch/crypto/a-guide-to-bitcoin-trading-in-india-strategies-to-try-in-2023/): Everything you need to know about bitcoin trading strategies and what are their pros and cons. To know more about it, read on. - [Top 5 crypto social trading platforms you should try in 2023](https://coinswitch.co/switch/crypto/top-5-crypto-social-trading-platforms-you-should-try-in-2023/): Crypto social trading allows you to invest in crypto automatically and 'copytrade' the positions of winning traders with a positive ROI. - [Explainer: Difference between mutual funds and equities](https://coinswitch.co/switch/mutual-funds/explainer-difference-between-mutual-funds-and-equities/): Mutual fund investment is a type of indirect stock market investing. Equities are shares issued by a company. Read on to find out more. - [What's the difference between open-ended and closed-ended mutual funds?](https://coinswitch.co/switch/mutual-funds/whats-the-difference-between-open-ended-and-closed-ended-mutual-funds/): Open-ended mutual funds are always open to investment, and closed-ended funds are where your investment is locked in for a specified period. - [What are interval funds?](https://coinswitch.co/switch/mutual-funds/what-are-interval-funds/): Interval funds offer to repurchase their shares from shareholders periodically. To know more about it, visit us Now! - [Know the benefits of mutual funds before you invest](https://coinswitch.co/switch/mutual-funds/know-the-benefits-of-mutual-funds-before-you-invest/): Mutual funds are a great investment option for a beginner as well as an experienced investor. Know about the various benefits of investing. - [Low-duration mutual funds: Know all the factors involved](https://coinswitch.co/switch/mutual-funds/low-duration-mutual-funds-know-all-the-factors-involved/): Low Duration Mutual Funds are short-term debt funds that invest in short-term debt securities. Read this blog to learn about them. - [What is a Central Bank Digital Currency (CBDC)?](https://coinswitch.co/switch/crypto/what-is-a-cbdc/): CBDC is the digital form of a country's fiat currency. It is regulated by its central bank. Learn all about it with this article. - [What are dynamic mutual funds, and are they worth investing in?](https://coinswitch.co/switch/mutual-funds/what-are-dynamic-mutual-funds/): Dynamic Funds benefit from both rising and falling interest-rate cycles. To know who should invest in it to get benefits, read this blog - [Mastering the art of crypto portfolio management: Strategies for success](https://coinswitch.co/switch/crypto/mastering-the-art-of-crypto-portfolio-management-strategies-for-success/): Crypto portfolio management is a set of techniques investors use to manage their investment portfolio more efficiently. - [Understanding risk/reward ratios](https://coinswitch.co/switch/crypto/understanding-risk-reward-ratio/): The ultimate guide to the risk/ reward ratio. Learn how to calculate it so you know whether the gains are worth the risks. - [Top 5 non-fungible token (NFT) marketplaces in 2025 (Updated)](https://coinswitch.co/switch/crypto/top-5-nft-marketplaces-in-2025/): NFTs are unique cryptographic tokens that exist on a blockchain. Read on to know about top NFT marketplaces in India. - [What is an IEO or IDO in crypto?](https://coinswitch.co/switch/crypto/what-is-an-ieo-or-ido-in-crypto/): Initial exchange offerings (IEO) and Initial dex offering (IDO) platforms have a profound impact on the crypto market. Read to learn more. - [Understanding DEX](https://coinswitch.co/switch/crypto/understanding-dex/): A DEX (decentralized exchange) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial way. Learn more here. - [What is NFT lending?](https://coinswitch.co/switch/crypto/what-is-nft-lending/): NFT lending uses NFTs as security for a loan on a website like NFTfi.com. Lenders typically use NFT-based loans to generate more profits. - [Money market funds: Basics, types, and features](https://coinswitch.co/switch/mutual-funds/money-market-funds-basics-types-and-features/): Money Market Fund is a type of mutual fund with relatively low risks compared to other mutual funds & other investments. - [What is Gwei, and how does it work?](https://coinswitch.co/switch/crypto/what-is-gwei-and-how-does-it-work/): The cryptocurrency Ether (ETH) of the Ethereum network has a unit called Gwei. Know more what it is and how is used. - [Crypto Trading: How to spot the next big thing](https://coinswitch.co/switch/crypto/crypto-trading-how-to-spot-the-next-big-thing/): Investing is not an easy ball game and requires hard work. Read more about how to know which cryptocurrency will go up. - [How to avoid DeFi scams and stay safe](https://coinswitch.co/switch/crypto/how-to-avoid-defi-scams-and-stay-safe/): As cryptocurrency scams run rampant in the DeFi space, read this blog to know how to avoid DeFi scams, fraud, and more. - [Understanding crypto projects based on Ethereum](https://coinswitch.co/switch/crypto/understanding-crypto-projects-based-on-ethereum/): Ethereum hosts a wide range of crypto projects on its blockchain. In this article, we examine the different types of such projects. - [Crypto portfolio management in a volatile market: Navigating the risks](https://coinswitch.co/switch/crypto/crypto-portfolio-management-in-a-volatile-market-navigating-the-risks/): Crypto portfolio management is essential for protecting your portfolio from volatility risks and increasing your returns. Read to learn more. - [Crypto trading mistakes to avoid: A comprehensive guide](https://coinswitch.co/switch/crypto/crypto-trading-mistakes-to-avoid-a-comprehensive-guide/): Investing in crypto is easy, but it is important to learn from trading mistakes. Learn about the most common trading blunders here. - [PE ratio: Definition, formula, and calculation](https://coinswitch.co/switch/us-stocks/pe-ratio-definition-formula-and-calculation/): PE Ratio helps you determine whether an investment is worth making. That is whether it is overvalued or undervalued. Read this to know more. - [Crypto & blockchain: Understanding the basics of the digital revolution](https://coinswitch.co/switch/crypto/crypto-blockchain-understanding-the-basics-of-the-digital-revolution/): Crypto and the underlying blockchain technology have ushered in a revolution of sorts, upending the world of finance. Read more to find out. - [Should you begin an SIP with debt funds?](https://coinswitch.co/switch/mutual-funds/should-you-begin-an-sip-with-debt-funds/): SIP is an investment that allows investors to invest a fixed amount at regular intervals in a Mutual Fund. To know more about it, read this. - [How to buy unlisted shares: A few tips and top picks for you](https://coinswitch.co/switch/personal-finance/how-to-buy-unlisted-shares-a-few-tips-and-top-picks-for-you/): Unlisted shares in India offer massive growth opportunities, but they come with risk of lesser regulation. Here's everything you need to know. - [Best share market tips for beginners](https://coinswitch.co/switch/personal-finance/best-share-market-tips-for-beginners/): Learn the best strategies and stock market tips for beginners to navigate the market and make informed investment decisions. Read more here. - [What is the difference between a bonus issue and a stock split?](https://coinswitch.co/switch/personal-finance/what-is-the-difference-between-a-bonus-issue-and-a-stock-split/): Issuing bonus shares and stock split are two actions used by companies to increase the number of shares. Read this article to learn more. - [Bitcoin in Indian rupee: How to invest and protect your investment from market volatility](https://coinswitch.co/switch/crypto/investing-and-protecting-your-bitcoin-in-indian-rupee-investment/): Investing in Bitcoin in Indian rupee can be tricky as various factors are involved. Here's where you learn how to do it. - [How to cancel a mutual fund SIP](https://coinswitch.co/switch/mutual-funds/how-to-cancel-a-mutual-fund-sip/): Want to know How To Cancel SIP? Here, we discuss various methods that can be used to cancel a mutual fund SIP. - [Everything you need to know about gilt mutual funds](https://coinswitch.co/switch/mutual-funds/everything-you-need-to-know-about-gilt-mutual-funds/): Gilt Funds are debt funds that invest primarily in government securities. They have no risk of non-payment of interest or principal amount. - [Crypto arbitrage: How to automate trading and maximize profit](https://coinswitch.co/switch/crypto/crypto-arbitrage-how-to-automate-trading-and-maximize-profit/): Arbitrage trading in crypto is one where investors profit from minor price differences of a digital asset across markets or exchanges. - [What is Proof of Authority (PoA) in blockchain?](https://coinswitch.co/switch/crypto/what-is-proof-of-authority-poa-in-blockchain/): Proof-of-Authority (PoA) is a consensus mechanism used in blockchain networks to validate transactions and create new blocks. Read more here. - [What is an NFT bubble, and how does it affect the market?](https://coinswitch.co/switch/crypto/what-is-an-nft-bubble/): What is an NFT bubble? And how does it impact the crypto market and the art world? Read our blog to know more. - [The Lightning Network: What is it, and how does it work?](https://coinswitch.co/switch/crypto/what-is-lightning-network/): The Lightning network is a layer-2 chain. It runs on the Bitcoin blockchain and helps its users to process transactions off the main chain. - [Identifying trends through support and resistance levels](https://coinswitch.co/switch/crypto/identifying-support-and-resistance-levels/): Support and resistance levels are foundational concepts in technical analysis. Our blog will help you understand and identify. - [How to use chart patterns to make trading decisions?](https://coinswitch.co/switch/personal-finance/how-to-use-chart-patterns-to-make-trading-decisions/): The rise and fall of an asset’s price create distinct formations on price charts, called chart patterns for trading. Learn more here. - [SIP vs. Lump Sum: Which is the better way to invest in mutual funds?](https://coinswitch.co/switch/personal-finance/sip-vs-lump-sum-investing-in-mutual-funds/): A SIP lets you pump money into a mutual fund periodically. A lump sum investment involve bulk payment. Read on to learn which one is better. - [Setting appropriate position sizing](https://coinswitch.co/switch/personal-finance/setting-appropriate-position-sizes/): Position Size is a core concept in trading. Our guide will help you to develop a good understanding of the concept. - [A primer on advanced trading strategies](https://coinswitch.co/switch/personal-finance/a-primer-on-advanced-trading-strategies/): Trading strategies are the systematic evaluations of buying and selling actions in the securities market. Learn more here. - [What is futures trading in crypto, and how does it work?](https://coinswitch.co/switch/crypto/what-is-futures-trading-in-crypto-and-how-does-it-work/): Crypto futures trading involves trading contracts that obligate traders to buy or sell an asset at a certain price. Learn more here. - [What is cryptojacking?](https://coinswitch.co/switch/crypto/what-is-cryptojacking/): Cryptojacking is a cyber attack in which a hacker takes over the processing power of a victim's computer or mobile device to mine crypto. - [How to Choosing a Crypto Exchange](https://coinswitch.co/switch/crypto/choosing-a-crypto-exchange/): Choosing the best crypto exchange to trade and invest in digital assets doesn't have to be a hassle. Know everything about it with this blog. - [A Union Budget dictionary: 35 terms to help you kickstart the financial year](https://coinswitch.co/switch/personal-finance/union-budget-dictionary/): A list of 35 key terms related to the Union Budget of India to help you make sense of the financial world in the new year. - [What is Proof of Work (PoW) in blockchain technology?](https://coinswitch.co/switch/crypto/what-is-proof-of-work/): Proof of Work is the most widely used mechanism to verify transactions and add new blocks on a blockchain. Read more to learn all about it. - [What are the different order types, and how to place them](https://coinswitch.co/switch/crypto/what-are-the-different-order-types-and-how-to-place-them/): Orders are the means by which traders interact with the crypto exchange. It makes sense to understand the different trading order types. - [What is SushiSwap?](https://coinswitch.co/switch/crypto/what-is-sushiswap/): Sushiswap, a software on the Ethereum network, incentivizes users to operate its platform to buy and sell crypto. Read this to know more. - [What is FUD in the context of crypto?](https://coinswitch.co/switch/crypto/what-is-fud-in-the-context-of-crypto/): FUD is an acronym for Fear, Doubt and Uncertainty and is associated with negative events. Learn how to avoid FUD in crypto. - [Digital currency vs. cryptocurrency: What’s the difference?](https://coinswitch.co/switch/crypto/digital-currency-vs-cryptocurrency/): Have you ever wondered what the differences between digital currency and cryptocurrency are? Here's a quick guide for beginners. - [What is crypto arbitrage trading, and how to use it](https://coinswitch.co/switch/crypto/what-is-crypto-arbitrage-trading/): Crypto Arbitrage is a strategy in which investors buy crypto from one exchange and sell it on another. Read this to know more about it. - [The future of blockchain in healthcare](https://coinswitch.co/switch/crypto/the-future-of-blockchain-in-healthcare/): Blockchains are shared, immutable ledgers that help a network record transactions. They have a bright future in the healthcare business. - [What does "Lambo" in crypto refer to?](https://coinswitch.co/switch/crypto/what-does-lambo-in-crypto-refer-to/): When someone asks, "When lambo?," they basically want to know when their crypto/crypto assets will be valuable enough to buy a Lamborghini. - [Is crypto safe? How to invest in crypto safely](https://coinswitch.co/switch/crypto/is-crypto-safe-how-to-invest-in-crypto-safely/): Is crypto safe? Learn more about the risks, benefits, and the different ways to avoid losses while investing in cryptocurrency here. - [What is a hardware wallet in crypto, and how does it work?](https://coinswitch.co/switch/crypto/what-is-a-hardware-wallet-in-crypto-and-how-does-it-work/): A hardware wallet is a software program to store the keys to access crypto tokens. Here’s all that you should know about it. - [What are the factors that determine the rise and fall in crypto prices?](https://coinswitch.co/switch/crypto/factors-that-determine-the-rise-and-fall-in-the-value-of-crypto/): Learn about the factors that affect the rise and fall in crypto prices. Here are the factors that might impact the same. - [Future gazing with Messari: What 2023 holds for crypto](https://coinswitch.co/switch/crypto/messari-crypto-theses-2023/): Here we summarize the highlights of future-gazing analysis from Messari—Crypto Theses-2023—that will throw some light on the coming year. - [What factors determine the price of Bitcoin?](https://coinswitch.co/switch/crypto/factors-that-determine-bitcoin-prices/): Several factors, including supply and demand, determine the price of Bitcoin. Market volatility is a factor, too. - [Blockchain gaming: The role of blockchain technology in the gaming industry](https://coinswitch.co/switch/crypto/blockchain-technology-in-the-gaming-industry/): What role does blockchain technology play in gaming? To know how blockchains are revolutionizing the gaming industry, read this blog. - [What is ShibaSwap?](https://coinswitch.co/switch/crypto/what-is-shibaswap/): Shibaswap is the decentralized exchange (DEX) of the Shiba Inu ecosystem. This article details the important features of ShibaSwap. - [How long does it take to mine one bitcoin?](https://coinswitch.co/switch/crypto/how-long-does-it-take-to-mine-one-bitcoin/): How long does it take to mine 1 BTC? How much bitcoin can you mine in a day? Read this for answers to these questions about Bitcoin Mining. - [How to avoid losses in the crypto market?](https://coinswitch.co/switch/crypto/how-to-avoid-losses-in-the-crypto-market/): The crypto market is challenging since it is very volatile. Here's how to avoid getting caught on the wrong foot in a falling market. - [Blockchain vs. Crypto](https://coinswitch.co/switch/crypto/blockchain-vs-crypto/): Curious to know whether Bitcoin and blockchains are the same? Here's the answer to your question. Read this blog to learn all about it. - [What is the economic impact of crypto?](https://coinswitch.co/switch/crypto/what-is-the-economic-impact-of-crypto/): Want to know about the economic impact of crypto? How does it spur financial growth and inclusion and protect against inflation? - [How to build a well-balanced crypto portfolio](https://coinswitch.co/switch/crypto/how-to-build-a-well-balanced-crypto-portfolio/): Here we have listed different ways to build the best crypto portfolio for long-term investing. We will explore a general investment approach. - [Bitcoin vs. Ethereum: How do they differ?](https://coinswitch.co/switch/crypto/bitcoin-vs-ethereum-how-do-they-differ/): Bitcoin and Ethereum and both cryptos, but they couldn't be more different. We have answers to all your questions related to their difference. - [Which are the top 5 most sustainable cryptos?](https://coinswitch.co/switch/crypto/which-are-the-top-5-most-sustainable-cryptos/): Refer to this blog to learn more about the top energy-efficient cryptos that are making huge strides in the crypto market. - [What to do during a crypto crash](https://coinswitch.co/switch/crypto/what-to-do-during-a-crypto-crash/): Crashes are part of any asset cycle, but cryptos are more volatile than most asset classes. What steps should we take during a crypto crash? - [What are the top applications of blockchain in the real world?](https://coinswitch.co/switch/crypto/top-applications-of-blockchain-in-the-real-world/): Blockchain applications go beyond crypto and bitcoin. Read this blog to learn the real-world uses of blockchain. - [Most searched cryptos of 2022](https://coinswitch.co/switch/crypto/most-searched-crypto-of-2022/): Here's a list of 2022's top cryptos to buy or invest in and those that have proven to be the most promising and the best. - [The rising popularity of blockchain art](https://coinswitch.co/switch/crypto/rising-popularity-of-blockchain-art/): The total value of blockchain art recently reached a new high. Read our analysis about the rising trend and get the latest news about it. - [Importance of NFTS and Blockchain in Metaverse?](https://coinswitch.co/switch/crypto/how-important-are-nfts-and-blockchain-in-the-metaverse/): NFTs have revolutionized the world of art. To know more about the importance of NFTs and the blockchain in the metaverse, read on. - [How to create an NFT for free](https://coinswitch.co/switch/crypto/create-an-nft-for-free/): A guide to creating NFTs for free. Here’s how you can create an NFT and sell it on marketplaces. Read this blog to know more about it. - [What are Doodles NFTs?](https://coinswitch.co/switch/crypto/what-are-doodles-nfts/): The Doodles NFT collection, launched in 2021, is one of the most popular NFT projects. Here's everything you need to know. - [What is blockchain-based timestamping in crypto?](https://coinswitch.co/switch/crypto/what-is-blockchain-based-timestamping-in-crypto/): Blockchain-based timestamps in crypto are gaining momentum. Discover all you need to know about blockchain timestamping via this blog. - [What is cold storage in crypto?](https://coinswitch.co/switch/crypto/what-is-cold-storage-in-crypto/): Cold storage in crypto refers to cold wallets for assets. Discover how cold wallets can help keep your crypto offline and secure. - [What are accounting principles?](https://coinswitch.co/switch/uncategorized/what-are-accounting-principles/): Accounting principles are followed to ensure that there is a common global standard. Learn more about accounting principles here. - [Saudi Arabia launches philanthropy center in the metaverse](https://coinswitch.co/switch/news/saudi-arabia-launches-philanthropy-center-in-the-metaverse/): Saudi Prince Alwaleed bin Talal recently launched the world’s first philanthropy center in the metaverse. The aim of the metaverse is to connect virtual worlds to offer users borderless cultural and digital experiences. - [What is crypto FOMO, and how to avoid it?](https://coinswitch.co/switch/crypto/what-is-crypto-fomo-and-how-to-avoid-it/): Even experts fall for Crypto FOMO and why not? These assets are heavily marketed. Before you give in to FOMO over some crypto, read this - [Eco-friendly BTC mining startup raises $28 million](https://coinswitch.co/switch/news/eco-friendly-btc-mining-startup-raises-28-million/): Arkon Energy, an Australian data-focussed startup, raised $28 million to expand its BTC mining operations. - [Adidas launches “Virtual Gear”](https://coinswitch.co/switch/news/adidas-launches-virtual-gear/): Accelerating its metaverse strategy, German sportswear brand Adidas Originals unveils the world’s first blockchain-powered virtual wearables. - [Aptos competitor Sui Network launches testnet](https://coinswitch.co/switch/news/aptos-competitor-sui-network-launches-testnet/): Sui blockchain, an Aptos competitor that focuses on creator incentivization, announced the launch of its testnet today via Twitter. - [XRP Ledger gets its first dollar-backed stablecoin](https://coinswitch.co/switch/news/xrp-ledger-gets-its-first-dollar-backed-stablecoin/): Stably has decided to launch a multichain stablecoin on Ripple network’s XRP Ledger. Read more about it, here - [Crypto market update: 18 November 2022](https://coinswitch.co/switch/news/market-update-november-18-2022/): The broader crypto market staged a recovery of sorts this Friday morning, with a 0.82% day-on-day uptick against its name. Read full update. - [ETH staking yields surge, the highest since Ethereum merge](https://coinswitch.co/switch/news/eth-staking-yields-surge/): The APR for yields on ETH staking is now above 10%, according to the data released by Dune Analytics, - [El Salvador to resume Bitcoin purchase @1 BTC per day](https://coinswitch.co/switch/news/el-salvador-to-resume-bitcoin-purchase-1-btc-per-day/): Nayib Bukele—President of El Salvador—has taken to Twitter to announce the country’s plans to resume purchasing Bitcoin. The tweet mentions... - [Shiba Inu is the beloved of ETH whales](https://coinswitch.co/switch/news/shiba-inu-is-the-beloved-of-eth-whales/): As of 15 November 2022, Shiba Inu was holding the top rank in terms of assets managed by the top 5000 Ether whales. - [Dogechain TVL surge lights up DeFi space](https://coinswitch.co/switch/news/dogechain-tvl-surge-lights-up-defi-space/): Dogechain —Dogecoin’s unofficial L2 (layer-2) solution has recorded a 51.97% monthly TVL surge, according to DeFiLlama. - [Crypto market update: 17 November 2022](https://coinswitch.co/switch/news/market-update-november-17-2022/): With the broader crypto market starting another day in the red, it is clear that the effects of the FTX collapse will linger for a while. - [Big jump in active users for Polkadot](https://coinswitch.co/switch/news/big-jump-in-active-users-for-polkadot/): The active users on Polkadot have surged by almost 300% in two weeks, according to a tweet from Dot Insights. The numbers have risen from 1,100 to 4,516. - [DEX weekly trading volume reaches record high after FTX collapse](https://coinswitch.co/switch/news/dex-weekly-trading-volume-reaches-record-high-after-ftx-collapse/): Post-FTX collapse, a significant shift in crypto trader behavior is evident. And centralized crypto exchanges are facing the brunt, data from Dune Analytics reveals. - [Christiano Ronaldo makes pre-FIFA entry into NFT market](https://coinswitch.co/switch/news/christiano-ronaldo-makes-pre-fifa-entry-into-nft-market/): Just days before the start of the FIFA world cup 2022 in Qatar, Cristiano Ronaldo has decided to drop a bunch of Non-Fungible Tokens (NFTs) into the market - [Ethereum’s centralization risk could be mitigated](https://coinswitch.co/switch/opinion/ethereums-centralization-risk-and-unstaking/): Professional staking services remove many hurdles and manage all of the heavy lifting. They allow users to stake ETH without friction or overhead. - [After airport, Bengaluru streets take the metaverse route](https://coinswitch.co/switch/news/after-airport-bengaluru-streets-take-the-metaverse-route/): A well-known street in the commercial part of Bengaluru has now joined the recently launched city’s airport terminal in the metaverse. - [USDC payments now on Apple Pay](https://coinswitch.co/switch/news/usdc-payments-now-on-apple-pay/): Circle, the issuer of second-largest stablecoin, has now added support for Apple Pay - [Crypto market update: 16 November 2022](https://coinswitch.co/switch/news/market-update-november-16-2022/): On Tuesday, the crypto market, which had a mixed session, seemed to be trying to recover from the FTX fiasco. - [Yuga Labs on acquisition spree; buys NFT startup WENEW](https://coinswitch.co/switch/news/yuga-labs-on-acquisition-spree-buys-nft-startup-wenew/): The NFT market might have nosedived bigtime in 2022, but that's not stopped Yuga Labs from expanding. - [Global blockchain market set to grow rapidly: Report](https://coinswitch.co/switch/news/global-blockchain-market-set-to-grow-rapidly-report/): Amid the ongoing crisis in the crypto market space, an upbeat forecast about the global market for fintech blockchain brings a breath of fresh air. - [Nike ups its game; launches Web3 platform for NFTs](https://coinswitch.co/switch/news/nike-ups-its-game-launches-web3-platform-for-nfts/): Nike, the world’s largest sportswear maker, has launched a new Web3 platform—.Swoosh to offer Polygon-based NFT products. - [Vitalik Buterin makes another donation to Dogecoin Foundation](https://coinswitch.co/switch/news/vitalik-buterin-makes-another-donation-to-dogecoin-foundation/): Vitalik Buterin, the co-founder of Ethereum, donated 20 million Dogecoin (DOGE), worth about $2.9 million, to the Dogecoin Community. - [Binance’s recovery fund for projects facing liquidity crunch](https://coinswitch.co/switch/news/binances-recovery-fund-for-projects-facing-liquidity-crunch/): Binance is creating a fund to help potentially strong projects that are having liquidity issues amid the current crypto market meltdown fueled by FTX’s bankruptcy filing. - [Crypto market update: 15 November 2022](https://coinswitch.co/switch/news/crypto-market-update-november-15-2022/): Crypto prices stabilized after last week’s market turmoil triggered by FTX’s bankruptcy filing. The news of Binance launching a crypto recovery fund gave a fillip to the market. - [UAE schools are introducing crypto in curriculum](https://coinswitch.co/switch/news/uae-schools-are-introducing-crypto-in-curriculum/): several UAE schools have decided to prepare its kids for the job market of the future by bringing blockchain and other emerging technologies into the curriculum. - [DeFi TVL tanks as crypto market woes worsen](https://coinswitch.co/switch/news/defi-tvl-tanks-as-crypto-market-woes-worsen/): The TVL of various DeFi platforms fell to $42.61 billion this Monday, according to DeFi tracking platform DefiLlama. Over $10 billion was lost in a span of three days. - [BTC holders ditching centralized exchanges for self-custodial wallets](https://coinswitch.co/switch/news/btc-holders-ditching-centralized-exchanges-for-self-custodial-wallets/): Glassnode data shows many users have been moving their bitcoin (BTC) from crypto exchanges to self-custodial wallets - [Dogechain to upgrade to PoS](https://coinswitch.co/switch/news/dogechain-to-upgrade-to-pos-in-its-next-upgrade/): Dogechain, the newly launched unofficial Layer-2 solution for Dogecoin, will soon be upgraded to support the Proof-of-Stake (PoS) mechanism of verifying transactions - [Bengaluru launches world’s first airport metaverse](https://coinswitch.co/switch/news/bengaluru-launches-worlds-first-airport-metaverse/): Bangalore International Airport Limited (BIAL) has launched Metaport, the world’s first airport metaverse. - [Crypto market update: 14 November 2022](https://coinswitch.co/switch/news/market-update-november-14-2022/): As reports of abnormal transactions in FTX surfaced, fears of a potential hack caused widespread liquidation in the crypto market over the weekend. - [What is cryptocurrency fundamental analysis?](https://coinswitch.co/switch/crypto/what-is-cryptocurrency-fundamental-analysis/): Calculating the innate value of cryptos can be difficult. This guide will help you navigate the crypto ecosystem and learn crypto analysis. - [What is an MACD indicator, and how to use it in crypto trading](https://coinswitch.co/switch/crypto/what-is-an-macd-indicator-and-how-to-use-it-in-crypto-trading/): Moving average convergence divergence (MACD) is a popular trading indicator, but how does it apply to cryptocurrency? Learn more here. - [On-chain metrics signal impact on Bitcoin prices](https://coinswitch.co/switch/news/on-chain-metrics-signal-impact-on-bitcoin-prices/): Bitcoin prices witnessed signs of an uptick on 11 November. Positive US inflation data might have triggered an upmove. But there is more to it - [Solana crypto price in focus as token unstaking stalls](https://coinswitch.co/switch/news/solana-crypto-price-in-focus-as-token-unstaking-stalls/): The Solana crypto price crash started on 6 November 2022 amid FTX’s SOL dump speculations. - [ETH sees bulk buying, the largest since Ethereum merge](https://coinswitch.co/switch/news/eth-sees-largest-buying-since-ethereum-merge/): Ethereum prices are in focus again as the blockchain witnessed bulk buying on 10 November 2022, the largest since the Ethereum merge. - [FTX fallout: Tether loses dollar peg briefly](https://coinswitch.co/switch/news/tether-loses-dollar-peg-briefly/): Tether (USDT), the largest stablecoin by market cap, lost its dollar peg last night albeit briefly. There is more to the story - [Berlin food outlets now accept Bitcoin payments via L2](https://coinswitch.co/switch/news/berlin-food-outlet-accept-bitcoin-payments/): Subway—a popular restaurant chain has started accepting Bitcoin payments in some of its eateries in Berlin. Read more here - [Crypto market update: 11 November 2022](https://coinswitch.co/switch/news/market-update-november-11-2022/): This market update talks about how the broader crypto market turned green on the last day of what has otherwise been a pretty testing week. - [Blockchain intelligence company scores $70 million](https://coinswitch.co/switch/news/blockchain-intelligence-company-scores-70-million/): TRM Labs, a leading blockchain intelligence company, has managed to raise $70 million in a Series B funding round. - [What is a digital signature in cryptography?](https://coinswitch.co/switch/crypto/what-is-a-digital-signature-in-cryptography/): Digital signatures in cryptography are security functions. Read this to learn how they help blockchains maintain data integrity and security. - [MetaMask launches bridge aggregator tool for wallet users](https://coinswitch.co/switch/news/metamask-launches-bridge-aggregator-tool-for-wallet-users/): In an attempt to enable cross-chain transactions, crypto wallet service provider MetaMask has launched a new tool for its wallet. - [Everything you need to know about the FTX-Binance saga and how it affects SOL](https://coinswitch.co/switch/crypto/everything-you-need-to-know-about-the-ftx-binance-saga/): Solana, one of the main cryptos to have been affected by the turmoil surrounding FTX and Binance, is witnessing major price movements. - [Hit by FTX turmoil, Solana turns a deeper shade of red](https://coinswitch.co/switch/news/hit-by-ftx-turmoil-solana-turns-a-deeper-shade-of-red/): Solana native token SOL is down 31.96% in the last 24 hours, according to CoinMarketCap, and is currently trading at $14.83 - [Messi to endorse and invest in blockchain-based fantasy gaming platform](https://coinswitch.co/switch/news/messi-to-endorse-and-and-invest-in-blockchain-based-fantasy-gaming-platform/): Lionel Messi has decided to throw his weight behind fantasy gaming company Sorare as an ambassador and investor. - [Crypto market update: 10 November 2022](https://coinswitch.co/switch/news/crypto-market-update-november-10-2022/): As investors responded to news of Binance backing out of the FTX acquisition, the crypto market took a massive hit on 9 November 2022. - [What is bankruptcy?](https://coinswitch.co/switch/personal-finance/what-is-bankruptcy/): Bankruptcy is a legal lifeline for debtors. Consumers and companies file for it to lessen their debt burden. Here's how it works - [NCSoft partners with Web 3 firm to launch blockchain games](https://coinswitch.co/switch/news/ncsoft-partners-with-web-3-firm-to-launch-blockchain-games/): To bring more blockchain games into the mix, South Korean gaming company NCSoft has joined hands with Mysten Labs, a Web 3.0 firm. - [Japanese mobile giant NTT Docomo mulls Web 3.0 foray](https://coinswitch.co/switch/news/japanese-mobile-giant-ntt-docomo-mulls-web-3-0-foray/): Japanese mobile operator NTT Docomo plans to foray into Web 3.0 and has set aside investments worth $4.1 billion to explore the opportunity. - [AVAX crypto prices in focus as Avalanche Rush gets a makeover](https://coinswitch.co/switch/news/avax-crypto-prices-in-focus-as-avalanche-rush-gets-a-makeover/): Avalanche is collaborating with the decentralized exchange prop up AVAX crypto prices and intensify DeFi interest. - [BAYC founders back secondary NFT royalties](https://coinswitch.co/switch/news/bayc-founders-back-secondary-nft-royalties/): Yuga Labs has come down heavily on OpenSea’s stance against creator royalties on secondary NFT sales. Here is more to the story - [Polygon onboards DeFi aggregator Bebop](https://coinswitch.co/switch/news/polygon-onboards-defi-aggregator-bebop/): Bebop—a popular DeFi aggregator with a focus on institutional trading—is all set to launch services on the Polygon network. - [Crypto market update: 9 November 2022](https://coinswitch.co/switch/news/market-update-november-9-2022/): Some cryptos like Binance Coin (BNB) and Solana (SOL) initially surged after the FTX-Binance proposal went public only to drop further. - [Queen of the Netherlands supports digital euro](https://coinswitch.co/switch/news/queen-of-the-netherlands-supports-digital-euro/): The digital Euro has found a new supporter in Queen Máxima of the Netherlands. The Queen said she was encouraged by the European Central Bank’s work in launching a digital euro. - [SOL takes a beating over asset concerns at trading firm Alameda](https://coinswitch.co/switch/news/sol-takes-a-beating-over-asset-concerns-at-trading-firm-alameda/): Solana (SOL) fell by over 18% in a 24-hour span as concerns emerged over the quality of assets held by trading firm Alameda Research, a sister company of crypto exchange FTX. - [US Department of Justice seizes BTC stolen a decade ago](https://coinswitch.co/switch/news/us-department-of-justice-seizes-btc-stolen-a-decade-ago/): Bitcoin (BTC) stolen in the Silk Road case was recovered by the United States Attorney’s Office for the Southern District of New York. - [What is a crypto cipher?](https://coinswitch.co/switch/crypto/what-is-a-crypto-cipher/): A crypto cipher is a set of specified instructions that may be used to encrypt or decode a text message in cryptography. Know more about it. - [Ethereum cofounder launches new crypto project](https://coinswitch.co/switch/news/ethereum-cofounder-launches-new-crypto-project/): Anthony Di Iorio, one of the co-founders of Ethereum, the world’s second largest crypto by market cap, unveiled a new blockchain project. - [Crypto no longer in list of top 10 financial risks: Report](https://coinswitch.co/switch/news/crypto-no-longer-in-list-of-top-10-financial-risks-report/): Crypto is no longer in the top 10 financial risks for the US, according to a central bank survey conducted by the Federal Reserve Bank of New York. - [Crypto market update: 8 November 2022](https://coinswitch.co/switch/news/crypto-market-update-november-8-2022/): Most top cryptos by market cap spent a significant amount of time in the red yesterday, 7 November 2022. - [Vitalik names a new stage in Ethereum’s road map, post-Merge](https://coinswitch.co/switch/news/vitalik-names-a-new-stage-in-ethereums-road-map-post-merge/): Ethereum co-founder Vitalik Buterin revealed the updated technical roadmap of Ethereum, adding a new stage called “The Scourge” - [Miners flock to Litecoin even as mining difficulty surges](https://coinswitch.co/switch/news/miners-flock-to-litecoin-even-as-mining-difficulty-surges/): After Ethereum made an exit from the resource-intensive mining process to verify transactions and add blocks to the chain, the... - [Digital currency can settle forex transactions in 15 seconds: Study](https://coinswitch.co/switch/news/digital-currency-can-settle-forex-transactions-in-15-seconds-study/): The Federal Reserve’s New York chapter released the first phase results of Project Cedar, a project that focused on testing various use cases of wholesale CBDC - [What is a cryptographic hash?](https://coinswitch.co/switch/crypto/what-is-a-cryptographic-hash/): Cryptographic hash varies in terms of functions and applications. Read to know how it works and how to make hashing more secure. - [Circle invests in BlackRock-managed reserve fund to back USDC](https://coinswitch.co/switch/news/circle-invests-in-blackrock-managed-reserve-fund-to-back-usdc/): Circle, the issuer of the second-largest stablecoin USDC, said that it has started investing in a Circle Reserve Fund (USDXX), managed by BlackRock - [Big deal for Solana as Google Cloud becomes a validator](https://coinswitch.co/switch/news/big-deal-for-solana-as-google-cloud-becomes-a-validator/): Google’s cloud computing division announced on Saturday that it is now running a validator node on the Solana blockchain - [Crypto market update: 7 November 2022](https://coinswitch.co/switch/news/market-update-november-7-2022/): The broader crypto market displayed resilience over the weekend with Bitcoin and Ethereum providing support. - [Unusual activity on Gala sparks rug pull fears and 25% price fall](https://coinswitch.co/switch/news/unusual-activity-on-gala-sparks-rug-pull-fears-and-25-price-fall/): fears of a rug pull dragged the platform’s native token GALA down by over 25% for a while on 3 November. - [Unique active wallets increase in October: DappRadar report](https://coinswitch.co/switch/news/unique-active-wallets-increase-in-october-dappradar-report/): The average number of UAW blockchain dapps reached 2.01 million, according to the report. That’s an increase of 6.84% over September. - [Goldman Sachs to develop a new crypto classification system for institutional investors](https://coinswitch.co/switch/news/goldman-sachs-to-develop-a-new-crypto-classification-system-for-institutional-investors/): Goldman Sachs has partnered with global index provider MSCI Inc. and crypto data firm Coin Metrics to develop a crypto data service. - [Early-access list out for Fidelity’s free crypto trading platform](https://coinswitch.co/switch/news/early-access-list-out-for-fidelitys-free-crypto-trading-platform/): Fidelity is expanding its crypto offerings by inviting applications for the early-access list of its new product, Fidelity Crypto, - [JPMorgan uses Polygon blockchain to execute first DeFi transaction](https://coinswitch.co/switch/news/jpmorgan-uses-polygon-blockchain-to-execute-first-defi-transaction/): JPMorgan Chase & Co. executed its first DeFi live trade on 2 November 2022. - [Crypto market update: 4 November 2022](https://coinswitch.co/switch/news/market-update-november-4-2022/): It was a mixed session for the crypto market on Thursday. The total crypto market cap hovered just above the $1 trillion level, showing a bit of resilience amid tumultuous market conditions. - [US-based investor in crypto hedge funds goes bust](https://coinswitch.co/switch/news/us-based-investor-in-crypto-hedge-funds-goes-bust/): Protocol Ventures LP, a US-based investor in crypto hedge funds, will close down and return cash amid the downtrend in the market for digital assets. - [South African retailer extends BTC payments to more outlets](https://coinswitch.co/switch/news/south-african-retailer-extends-btc-payments-to-more-outlets/): South African grocery and clothing retailer Pick n Pay said its customers can now use Bitcoin to purchase groceries. - [Mint, show, and sell NFTs, all on Instagram](https://coinswitch.co/switch/news/mint-show-and-sell-nfts-all-on-instagram/): Instagram is set to introduce many NFT-related tools that allow creators to mint and sell NFTs on its platform and outside. - [Philippines bank launches BTC, ETH trading for retail customers](https://coinswitch.co/switch/news/philippines-bank-launches-btc-eth-trading-for-retail-customers/): The Union Bank of the Philippines has launched a pilot program to launch crypto services for its clients to trade Bitcoin and Ethereum. - [NFTs are wash traded, but there is a fix](https://coinswitch.co/switch/opinion/nfts-are-wash-traded-but-there-is-a-fix/): The lack of well-defined rules has provided a perfect opportunity for wash traders to capitalize on FOMO that NFTs have caused in the past year. - [Watch out for Game of Thrones NFTs, Season 1](https://coinswitch.co/switch/news/watch-out-for-game-of-thrones-nfts/): Warner Bros. Discovery (WBD) and HBO have teamed up with NFT platform Nifty’s to launch NFTs based on the popular series. - [Crypto market update: 3 November 2022](https://coinswitch.co/switch/news/crypto-market-update-november-3-2022/): The broader crypto market lost steam after it managed to hold on to the $1.02 trillion market cap early on Wednesday. - [Lights out for Aptos-based DeFi project after botched fundraiser](https://coinswitch.co/switch/news/aptos-based-defi-project-offline/): Arco Protocol, an ambitious DeFi lending project on the new Aptos mainnet, has gone offline. Read more to know the deets - [Deribit exchange hit by crypto hack, loses $28M](https://coinswitch.co/switch/news/deribit-exchange-hit-by-crypto-hack/): Funds to the tune of $28 million were drained in the crypto hack from the crypto exchange Derbit. Read more to know what happened. - [Dogecoin price remains steady despite major investor offloading](https://coinswitch.co/switch/news/dogecoin-steady-despite-investor-offloading/): Despite the mass sell-off, Dogecoin price has remained surprisingly steady. The price was, in fact, up 107%, week-on-week. Read more, here. - [What is a fiduciary, and why does it matter in investment?](https://coinswitch.co/switch/personal-finance/what-is-a-fiduciary-and-why-does-it-matter-in-investment/): Fiduciary is a notion that can help you better understand investing. Read about it and the significance of terms such as fiduciary money here. - [What are interest rates, and why are they important?](https://coinswitch.co/switch/personal-finance/what-are-interest-rates-and-why-are-they-important/): We are all familiar with home loan Interest rates. Interest rates are expressed in percentage terms and are calculated on an annual basis. - [Bitcoin miner beats the bears, registers 78% increase in mining figures](https://coinswitch.co/switch/news/bitcoin-miner-beats-the-bears/): Canada-based Bitcoin miner Digihost has managed to maintain a good cash flow and debt-free position. Read more about it - [Shiba Inu player guide launched, big updates coming up](https://coinswitch.co/switch/news/big-shiba-inu-updates-coming-up/): Shiba Inu is releasing a players guide booklet today, 2 November 2022, along with other upgrades. Read more to know the impact - [Crypto market update: 2 November 2022](https://coinswitch.co/switch/news/market-update-november-1-2022/): The broader crypto market continues to hold on to the 1 trillion market cap this Wednesday morning. Read the crypto market update to know more - [Cardano sees network activity surge after Vasil upgrade](https://coinswitch.co/switch/news/cardano-sees-network-activity-surge-after-vasil-upgrade/): After the successful execution of its Vasil hard fork, blockchain network Cardano is witnessing a surge in network activity. - [Rise in number of Bitcoin ATMs across the globe](https://coinswitch.co/switch/news/rise-in-number-of-bitcoin-atms-across-the-globe/): Globally, the number of Bitcoin ATMs has risen to 38,828, as of 30 October 2022, according to coinatmradar.com - [Q3 VC investment in crypto startups hits new low: Report](https://coinswitch.co/switch/news/q3-vc-investment-in-crypto-startups-hits-new-low-report/): Galaxy Digital Research latest report on crypto funding rates reveals steep fall in Venture Capital (VC) funds invested in crypto startups during Q3 2022 - [Top 5 NFT marketplaces surpass $40B in all-time sales](https://coinswitch.co/switch/news/top-5-nft-marketplaces-surpass-40b-in-all-time-sales/): The all-time sales of Non-Fungible Tokens (NFT) in the top five NFT marketplaces has surpassed $40 billion, according to dApp and NFT tracker DappRadar. - [Dogecoin-Twitter integration hopes fuel DOGE price rise](https://coinswitch.co/switch/news/dogecoin-twitter-integration-hopes-fuel-doge-price-rise/): With talk of a Dogecoin-Twitter integration doing the rounds, DOGE saw a huge price hike over the last week. DOGE’s price jumped by over 100% in this period, - [Crypto market update: 31 October 2022](https://coinswitch.co/switch/news/market-update-october-31-2022/): The overall market was mostly sideways during the weekend. The total crypto market cap hovered around the $1 trillion mark. - [What is crypto technical analysis?](https://coinswitch.co/switch/crypto/what-is-crypto-technical-analysis/): Crypto technical analysis primarily involves the study of price charts to identify a distinct price trend. Learn more here. - [Ripple’s XRP holdings below 50% of total supply](https://coinswitch.co/switch/news/ripples-xrp-holdings-below-50-of-total-supply/): Ripple Lab's XRP token holdings have dropped below 50% of the total circulating supply, according to the company’s quarterly report. - [Rare usernames up for grabs on Telegram’s new marketplace](https://coinswitch.co/switch/news/rare-usernames-up-for-grabs-on-telegrams-new-marketplace/): Encrypted messaging app Telegram announced that its new marketplace built on the Telegram Open Network (TON) blockchain is live. - [Musk buys Twitter; lets users buy NFTs](https://coinswitch.co/switch/news/musk-buys-twitter-lets-users-buy-nfts/): As Elon Musk completed his $44 billion takeover of Twitter, the social media platform announced today that it would let users buy, sell, and display NFTs directly through tweets. - [Visa swipes right to expand in crypto space](https://coinswitch.co/switch/news/visa-swipes-right-to-expand-in-crypto-space/): Credit card company Visa Inc. has filed for two trademarks with the United States Patent and Trademark Office (USPTO) to expand its digital wallet services. - [Google launches cloud-based node engine in Web3 push](https://coinswitch.co/switch/news/google-launches-cloud-based-node-engine-in-web3-push/): Google is launching is launching a cloud-based node engine service called Blockchain Node Engine (BNE) With Ethereum as the first blockchain. - [Crypto market update: 28 October 2022](https://coinswitch.co/switch/news/crypto-market-update-october-28-2022/): After experiencing two bullish sessions, the crypto market had a mixed session yesterday. Most of the top cryptos by market cap were seen trading in the red. - [Kazakhstan to integrate BNB Chain in its CBDC](https://coinswitch.co/switch/news/kazakhstan-to-integrate-bnb-chain-in-its-cbdc/): The National Bank of Kazakhstan (NBK) has decided to test BNB Chain for integration into the country’s CBDC project. - [Losses accumulate in Meta’s metaverse division](https://coinswitch.co/switch/news/losses-accumulate-in-metas-metaverse-division/): Facebook Reality Labs (FRL) has lost over $3.6 billion in the third quarter of 2022 - [Surge in liquidation of short positions reported](https://coinswitch.co/switch/news/surge-in-liquidation-of-short-positions-reported/): the crypto market has reportedly witnessed over $750 million in the liquidation of short positions—that is, bets against price rises—as Bitcoin reclaims the $20K level. - [What are expenses?](https://coinswitch.co/switch/personal-finance/what-are-expenses/): Expenses are “the cost incurred in or required to do something.” We can simplify that and say that an expense is the amount of money a person or business spends to do something. - [Two Solana-based DeFi projects back on track](https://coinswitch.co/switch/news/two-solana-based-defi-projects-back-on-track/): Projects on the Solana blockchain, Tulip and UXD, have managed to reopen services after recovering tokens lost in the DeFi platform Mango Markets exploit. - [Crypto market update: 27 October 2022](https://coinswitch.co/switch/news/market-update-october-27-2022/): It was a bullish session for the crypto market on Wednesday, as it managed to continue to build up from Tuesday’s gain - [What is deflation, and why is it bad?](https://coinswitch.co/switch/personal-finance/what-is-deflation-and-why-is-it-bad/): Deflation is a phase of the general decline in the prices of assets, services, and products. Learn more about deflation here. - [Microsoft Cloud has a date with the metaverse](https://coinswitch.co/switch/news/microsoft-cloud-has-a-date-with-the-metaverse/): Amid the ongoing metaverse mania, software giant Microsoft is seeking to bring its Cloud services to the metaverse. - [PayPal, Western Union to expand crypto offerings](https://coinswitch.co/switch/news/paypal-western-union-to-expand-crypto-offerings/): PayPal Inc. and Western Union filed several new crypto trademark applications with the USPTO to offer a wide range of crypto services. - [Singapore lays out stable coin rules to boost consumer protection](https://coinswitch.co/switch/news/singapore-lays-out-stable-coin-rules-to-boost-consumer-protection/): Singapore central bank — MAS has proposed an updated set of regulatory measures on crypto trading and stablecoins. - [Apple allows in-app purchases for NFTs](https://coinswitch.co/switch/news/apple-allows-in-app-purchases-for-nfts/): Apple rolled out a new set of rules for crypto apps on its app store, allowing in-app purchase to sell NFTs - [UK lawmakers for regulating crypto as financial instruments](https://coinswitch.co/switch/news/uk-lawmakers-for-regulating-crypto-as-financial-instruments/): The UK lawmakers voted in favor of recognizing crypto assets as regulated financial instruments and products in the country. - [Crypto market update: 26 October 2022](https://coinswitch.co/switch/news/crypto-market-update-26-october-2022/): The crypto market is rallying, with the total crypto market cap rising to $971.85 billion in the 24-hour period. - [Surge in Reddit NFT sales](https://coinswitch.co/switch/news/surge-in-reddit-nft-sales/): After over 3 million users took to crypto in attempt to collect Non-Fungible Token (NFTs) by Reddit last week, the popular content aggregator and discussion site has now reported a surge in its NFT sales. - [Pro-crypto Tory Rishi Sunak to become UK prime minister](https://coinswitch.co/switch/news/pro-crypto-tory-rishi-sunak-to-become-uk-prime-minister/): Much to the UK cryptosphere’s delight, pro-crypto British Conservative party leader Rishi Sunak has been appointed as the next prime minister of the United Kingdom. - [AXS drops as token unlock date approaches](https://coinswitch.co/switch/news/axs-drops-as-token-unlock-date-approaches/): Axie Infinity, a well-known Play-to-Earn (P2E) platform in the crypto space, is facing significant selling pressure at the moment. - [Web 3.0 is what everyone is searching for, on Google](https://coinswitch.co/switch/news/web3-trending-on-google-search/): The global crypto community’s interest seems to have shifted to Web 3.0, according to Google Trends. Searches for Web 3.0 on Google touched an all-time high in terms of peak popularity in 2022. - [Tel Aviv Stock Exchange to launch platform for digital assets](https://coinswitch.co/switch/news/tel-aviv-stock-exchange-to-launch-platform-for-digital-assets/): The Tel Aviv Stock Exchange (TASE), Israel’s only public trading platform for debt and equity, will be developing a new digital asset trading platform. - [Crypto market update: 25 October 2022](https://coinswitch.co/switch/news/crypto-market-update-october-25-2022/): Bringing its three-day winning streak to a close, the crypto market saw a bearish start this week. The total crypto market cap ended the day at $888.3 billion. - [SushiSwap community mulls new DAO structure](https://coinswitch.co/switch/news/sushiswap-community-mulls-new-dao-structure/): The SushiSwap community is discussing a new update proposed by a core contributor of the protocol. - [Tesla to HODL $218M in BTC](https://coinswitch.co/switch/news/tesla-to-hodl-218m-in-btc/): Tesla has announced that it plans to hold on to its $218 million in Bitcoin (BTC). The vehicle manufacturing company is one of the largest institutional adopters of BTC. - [What is a beneficiary?](https://coinswitch.co/switch/personal-finance/what-is-a-beneficiary/): While applying for a life insurance policy or a bank account, you may have come across the term “beneficiary. ”... - [Global crypto adoption still strong: Chainalysis report](https://coinswitch.co/switch/news/global-crypto-adoption-still-strong-chainalysis-report/): According to a new report by blockchain analysis firm Chainalysis, the global adoption of crypto is better than the pre-bull market level. - [Aptos Foundation airdrops 20 million tokens](https://coinswitch.co/switch/news/aptos-foundation-airdrops-20-million-tokens/): Following its much-awaited launch, the Layer-1 blockchain company Aptos rewarded its early participants with free APT tokens. - [German digital bank N26 to roll out crypto service](https://coinswitch.co/switch/news/german-digital-bank-n26-to-roll-out-crypto-service/): German virtual bank N26 will be launching a crypto trading service. N26 will be kick-starting its service in Austria. - [Crypto market update: 21 October 2022](https://coinswitch.co/switch/news/crypto-market-update-october-21-2022/): As Indian investors head toward the long Diwali weekend, the broader crypto market seems to have failed to recover from last weekend’s losses. - [Voyager’s customers pin hopes on FTX acquisition](https://coinswitch.co/switch/news/voyagers-customers-pin-hopes-on-ftx-acquisition/): lending platform, Voyager customers may recover 72% of their funds after the company get acquired by FTX US. - [Soon, Sachin Tendulkar NFTs will be coming your way](https://coinswitch.co/switch/news/soon-sachin-tendulkar-nfts-will-be-coming-your-way/): Cricket legend, Sachin Tendulkar has collaborated with the popular cricket NFT platform Rario to make this happen. - [South Africa deems crypto as a financial product](https://coinswitch.co/switch/news/south-africa-deems-crypto-as-a-financial-product/): South Africa financial regulator, FSCA classified crypto as a financial product. The declaration was made on 19 October. - [Russian nationals held for evading sanctions, crypto scam](https://coinswitch.co/switch/news/russian-nationals-held-for-evading-sanctions-crypto-scam/): Russian nationals charged in a New York court for evading global sanctions and money laundering using crypto. - [Crypto market update: 20 October 2022](https://coinswitch.co/switch/news/crypto-market-update-20-october-2022/): The global crypto market cap was down by over 1.5% in the last 24 hours. It stood at $915.02 billion, at press time. - [Jack Dorsey team unveils long-awaited social protocol app](https://coinswitch.co/switch/news/jack-dorsey-team-unveils-long-awaited-social-protocol-app/): The Bluesky initiative team of developers, led by Jack Dorsey, unveiled a new version of its social protocol, called the AT Protocol. - [Blockchain startup Shardeum raises $18M in seed funding](https://coinswitch.co/switch/news/indian-blockchain-startup-shardeum-raises-18m-in-seed-funding/): Shardeum, a blockchain startup, has managed to raise $18.2 million in a recent seed funding round, according to a company announcement. - [India set to emerge as key Web 3.0 player: Nasscom report](https://coinswitch.co/switch/news/india-set-to-emerge-as-key-web-3-0-player-nasscom-report/): India is quickly becoming a key player in the Web 3.0 space, according to the report released by Nasscom, the Indian IT trade association. - [New Interpol team to help countries battle crypto crimes](https://coinswitch.co/switch/news/new-interpol-team-to-help-countries-battle-crypto-crimes/): As the crypto space sees a spike in the number of exploits and hacks, Interpol, has set up a special team to tackle the alarming issue. - [Ripple’s second round of funding for NFT creators is out](https://coinswitch.co/switch/news/ripples-second-round-of-funding-for-nft-creators-is-out/): Ripple, a blockchain and crypto solutions provider, disclosed the names of the creators to receive funding for their NFT projects yesterday. - [Crypto market update: 19 October 2022](https://coinswitch.co/switch/news/crypto-market-update-october-19-2022/): After a slight uptick in the previous session, the larger crypto market experienced a bearish session yesterday. - [EU urges US to draft global crypto regulations](https://coinswitch.co/switch/news/eu-urges-us-to-draft-global-crypto-regulations/): EU financial services chief Mairead McGuinness has requested the US authorities to provide a clearer framework for global crypto regulations. - [Another day, another BNB Chain hack; $1M lost](https://coinswitch.co/switch/news/another-day-another-bnb-chain-hack-1m-lost/): BNB chain-based crypto wallet, BitKeep, got exploited for $1 million via the swap/router feature. Second exploit on BNB chain this month. - [France leads in crypto adoption as SG unit gets regulatory nod](https://coinswitch.co/switch/news/france-leads-in-crypto-adoption-as-sg-unit-gets-regulatory-nod/): France: banking giant Societe Generale's crypto division received regulatory approval to provide crypto custody and trading services. - [Aptos, from ex-Meta team, makes its blockchain debut](https://coinswitch.co/switch/news/aptos-from-ex-meta-team-makes-its-blockchain-debut/): After more than four years of testing and two successful funding rounds, Aptos, the layer-1 blockchain, debuted the network’s mainnet. - [Mastercard makes it easy for banks to offer crypto trading](https://coinswitch.co/switch/news/mastercard-makes-it-easy-for-banks-to-offer-crypto-trading/): Mastercard has partnered with crypto trading platform Paxos to help banks and fintech firms offer crypto trading to their customers. - [Crypto market update: 18 October 2022](https://coinswitch.co/switch/news/crypto-market-update-18-october-2022/): The broader crypto market remained flat, but also experienced an uptick in the 24-hour period with minimal day-on-day increases. - [Flipkart launches metaverse shopping experience](https://coinswitch.co/switch/news/flipkart-launches-metaverse-shopping-experience/): Walmart-backed Indian e-commerce major, Flipkart is strengthening its hold on the Web 3. 0 segment with the launch of a... - [Koreans to have blockchain-powered digital IDs by 2024](https://coinswitch.co/switch/news/koreans-to-have-blockchain-powered-digital-ids-by-2024/): South Korea to replace physical identity cards with Blockchain-based digital IDs, according to a Bloomberg report. - [What are capital gains, and why should we talk about it?](https://coinswitch.co/switch/personal-finance/what-are-capital-gains/): The profit made on the sale of capital assets is referred to as capital gain. Read on to know more about short-term and long-term capital gains and their impact on your taxes. - [Mango DAO settles for 50% recovery of stolen funds](https://coinswitch.co/switch/news/mango-dao-settles-for-50-recovery-of-stolen-funds/): The settlement enables them to recover more than 50% of the stolen funds, but as a result the hacker gets to keep $47 million. - [Blockchain games continue to attract VC funders despite bear market: DappRadar report](https://coinswitch.co/switch/news/blockchain-games-continue-to-attract-vc-funders-despite-bear-market-dappradar-report/): Venture capitalists have poured in $1.3 billion into the blockchain gaming space, a recent Blockchain Game Alliance report by DappRadar reveals - [Crypto market update: 17 October 2022](https://coinswitch.co/switch/news/market-update-october-17-2022/): The crypto market moved as expected over the weekend, with some subdued activity. The top 10 cryptos displayed stability. The total crypto market capitalization is $916 billion currently. - [Dominican Republic taps blockchain to boost economy](https://coinswitch.co/switch/news/dominican-republic-taps-blockchain-to-boost-economy/): The government of Dominica, a tiny Caribbean island, announced that it has tied up with Tron to launch Dominica Coin, a fan token, - [2022 a banner year for Web3 developers: Alchemy report](https://coinswitch.co/switch/news/2022-a-banner-year-for-web3-developers-alchemy-report/): Web3 developers are building faster than ever despite market headwinds, according to the Web3 Developer Report (Q3 2022) from Alchemy. - [Hackers have all the fun, in October](https://coinswitch.co/switch/news/hackers-have-all-the-fun-in-october/): Hackers have successfully been able to siphon off $718 million from DeFi protocols, making it the worst month for the crypto market in 2022. - [UniSwap Labs raises $165M in funding; valued at $1.66B](https://coinswitch.co/switch/news/uniswap-labs-raises-165m-million-in-funding-valued-at-1-66b/): UniSwap, has secured new funding of $165 million in a Series B round, which values the firm at $1.66 billion. - [Tether chucks commercial papers, embraces US T-Bills](https://coinswitch.co/switch/news/tether-chucks-commercial-papers-embraces-us-t-bills/): Tether Holdings announced on Thursday that it has removed commercial papers from its reserves entirely, replacing with US T-Bills - [Sovereign Blockchains: This is the way](https://coinswitch.co/switch/opinion/sovereign-blockchains-this-is-the-way/): Web3 encompasses the underlying motives of political and social structures. Sovereignty has unsurprisingly become a focal point in its evolution. - [Crypto market update: 14 October 2022](https://coinswitch.co/switch/news/market-update-october-14-2022/): The crypto market was steady during Thursday's session as the total market cap hovered in the $920-$950 billion range. - [Crypto meme attack on North Korean scams](https://coinswitch.co/switch/news/crypto-meme-attack-on-north-korean-scams/): The crypto community has taken to bombarding North Korean leader Kim Jong-un with a series of memes. - [Crypto startup raises funds worth $18.1 million](https://coinswitch.co/switch/news/crypto-startup-raises-funds-worth-18-1-million/): Singapore-based crypto investment startup, Pillow has managed to raise $18.1 million in a Series A funding round. - [America’s oldest bank starts crypto custody services](https://coinswitch.co/switch/news/americas-oldest-bank-starts-crypto-custody-services/): America’s oldest banking corporation, the Bank of New York Mellon (BNY Mellon) will provide crypto custody services. - [What is cash flow, and why is it important?](https://coinswitch.co/switch/personal-finance/what-is-cash-flow/): What is cash flow, and why is it important? We delve into the concept, using formulas and examples, and how to maintain a positive cash flow. - [Crash test on Bitcoin Lightning Network causes nodes to fall out of sync](https://coinswitch.co/switch/news/crash-test-on-bitcoin-lightning-network-cause-nodes-to-fall-out-of-sync/): The Lightning Network, which helps and runs on Bitcoin, missed an entire block due to a complex multi-sig transaction causing nodes to fall out of sync with Bitcoin. - [Firozabad police launches blockchain-based complaint portal](https://coinswitch.co/switch/news/firozabad-police-launches-blockchain-based-complaint-portal/): Firozabad police adopt blockchain technology to improve their daily operations with launch of police complaint portal on the Polygon network - [Crypto market update: 13 October 2022](https://coinswitch.co/switch/news/crypto-market-update-13-october-2022/): Today the crypto market update saw the broader market being flat ahead of the US CPI report, which is expected to be released today. - [OpenSea casts a wide net; sets up NFT shop on Avalanche](https://coinswitch.co/switch/news/opensea-casts-a-wide-net-sets-up-nft-shop-on-avalanche/): OpenSea, the largest non-fungible token (NFT) marketplace, will now support Avalanche-based NFTs. - [Search Google and ye shall find your ETH balance](https://coinswitch.co/switch/news/search-google-and-ye-shall-find-your-eth-balance/): Now, you can type an Ethereum address on the search bar and check the amount of Ether (ETH) in your wallet. - [DeFi platform Mango loses $100M in hack](https://coinswitch.co/switch/news/defi-platform-mango-loses-100m-in-hack/): Mango Markets, a decentralized finance (DeFI) platform, is the latest victim of a hacking incident in the crypto industry. - [BNB Smart Chain to hardfork after $100M hack](https://coinswitch.co/switch/news/bnb-smart-chain-to-hardfork-after-100m-hack/): The BNB Smart Chain (BSC) is heading towards a hard fork close on the heels of the 6 October exploit that saw the platform lose about $100 million - [What are crypto mining pools, and how do they work?](https://coinswitch.co/switch/crypto/what-are-crypto-mining-pools/): This article is for you if you want to learn more about crypto mining pools. Learn about mining pools and how they function, in this blog. - [Ripple forays into Europe to boost its ODL business](https://coinswitch.co/switch/news/ripple-forays-into-europe-to-boost-its-odl-business/): Crypto payments firm Ripple Labs appears set to expand in Europe despite the downturn in the nascent industry. - [Crypto market update: 12 October 2022](https://coinswitch.co/switch/news/crypto-market-update-october-12-2022/): The crypto market had a mixed session yesterday, extending its bearish streak. Cardano (ADA) and Solana (SOL) led the way down. - [European Commission to study DeFi activity on Ethereum](https://coinswitch.co/switch/news/european-commission-to-study-defi-activity-on-ethereum/): EU’s executive arm has put out a call to study Decentralized Finance (DeFi) activity on the Ethereum blockchain. - [Portugal proposes to tax short-term crypto gains](https://coinswitch.co/switch/news/portugal-proposes-to-tax-short-term-crypto-gains/): The draft budget 2023 document introduced on Monday reveals that a 28% tax could be applied to short-term crypto gains—t - [World’s first state-backed metaverse city launched](https://coinswitch.co/switch/news/worlds-first-state-backed-metaverse-city-launched/): Sharjahverse will be the first metaverse of city scale.=meant to improve tourism in the region and economic and social utility in itself. - [What are financial statements, and why are they important?](https://coinswitch.co/switch/personal-finance/what-are-financial-statements-and-why-are-they-important/): In the corporate world, a financial statement basically track and display the financial health of an organization. - [New peak in mining difficulty for Bitcoin](https://coinswitch.co/switch/news/new-peak-in-mining-difficulty-for-bitcoin/): The difficulty meter recorded a 13% spike. This has been the biggest upward jump on the Bitcoin network since May 2021. - [Polygon launches zkEVM public testnet, makes way for more users](https://coinswitch.co/switch/news/polygon-launches-zkevm-public-testnet-makes-way-more-users/): Polygon’s Hermez testnet is built on top of the Ethereum blockchain. It is a zkEVM solution that will primarily help Ethereum scale up operations. - [Crypto market update: 11 October 2022](https://coinswitch.co/switch/news/market-update-october-11-2022/): It has been a bearish start of the week for the crypto market. Shedding $30 billion, the market cap inched toward the $900 billion mark. - [DeFi lender issues notice over crypto loan default](https://coinswitch.co/switch/news/defi-lender-issues-notice-over-crypto-loan-default/): DeFi lender TrueFi issued notice of default against the South Korean blockchain investment firm Blockwater Technologies - [PayPal retracts policy after it sparks Twitter rage](https://coinswitch.co/switch/news/paypal-retracts-policy-after-it-sparks-twitter-rage/): PayPal has withdrawn a recent policy change that sought to impose a fine of $2,500 on its users for spreading “misinformation” - [EU sanctions: Dapper Labs restricts Russian accounts](https://coinswitch.co/switch/news/eu-sanctions-dapper-labs-restricts-russian-accounts/): Dapper Labs restricted all Russian accounts after the latest sanctions from the European Union (EU) against the country and its nationals - [Institutional crypto adoption on a tear in Brazil](https://coinswitch.co/switch/news/institutional-crypto-adoption-on-a-tear-in-brazil/): Crypto In Brazil experiences Record High Institutional Adoption amid bear market according to the Brazilian Tax Authority (RFB). - [What is cryptography, and what are the types of algorithms in crypto?](https://coinswitch.co/switch/crypto/what-is-cryptography-and-what-are-the-types-of-algorithms-in-crypto/): This article is on cryptography and explains why cryptography is vital for online data security. Also, learn all about the types of algorithms out there. - [Binance CEO tries to clear the air on decentralization](https://coinswitch.co/switch/news/binance-ceo-tries-to-clear-the-air-on-decentralization/): Binance CEO: with the help of decentralization, the crypto industry aims to achieve a three-tier goal—freedom, security, and ease of use. - [Crypto market update: 10 October 2022](https://coinswitch.co/switch/news/crypto-market-update-10-october-2022/): The latest market update saw XRP leading the gainers’ charge while BTC and ETH are still battling bearish movement. - [Shiba Eternity game is finally live for all SHIB Army](https://coinswitch.co/switch/news/shiba-ethernity-game-is-finally-live-for-all-shib-army/): The much-awaited Shiba Eternity game, developed by the popular memecoin Shiba Inu (SHIB), is live globally. - [Polygon teams up with OCEEF for ocean conservation](https://coinswitch.co/switch/news/polygon-teams-up-with-oceef-for-ocean-conservation/): Blockchain scaling platform Polygon is partnering with the Ocean Conservation Exploration and Education Foundation (OCEEF). - [EU slaps Russia with new sanctions, bans crypto wallet services](https://coinswitch.co/switch/news/eu-slaps-russia-with-new-sanctions-bans-crypto-wallet-services/): The European Union (EU) has banned all crypto services in Russia as part of its eighth round of sanctions. - [What is commission?](https://coinswitch.co/switch/personal-finance/what-is-commission/): So you're thinking of taking commission-based work. What exactly is commission? What purpose does it serve? Find everything you need to know about this type of income here. - [BNB hit by cross-chain bridge exploit](https://coinswitch.co/switch/news/bnb-hit-by-cross-chain-bridge-exploit/): Crypto platform Binance has now fallen prey to a cross-chain bridge exploit. The exchange lost millions of dollars and had to halt operations. - [MakerDAO invests $500M in US Treasury and corporate bonds](https://coinswitch.co/switch/news/makerdao-invests-500m-in-us-treasury-and-corporate-bonds/): MakerDAO, the DAO that supports stablecoin DAI, is moving $500 million worth of the token to US Treasury and corporate bonds. - [Crypto market update: 7 October 2022](https://coinswitch.co/switch/news/crypto-market-update-7-october-2022/): The crypto market saw another mixed session. XRP led the way up with a four-session winning streak and ended the day with a 0.84% rise. - [Now, pay for your Big Mac in Bitcoin, USDT](https://coinswitch.co/switch/news/now-pay-for-your-big-mac-in-bitcoin-usdt/): McDonald’s has started accepting Bitcoin and USDT as payments in the Swiss town of Lugano. - [Telegram enables P2P crypto trading for users through chats](https://coinswitch.co/switch/news/telegram-enables-p2p-crypto-trading-for-users-through-chats/): Telegram has added a new feature to @wallet bot that will enable P2P crypto trading for users through chats - [Fidelity expands crypto offerings with Ethereum Index Fund](https://coinswitch.co/switch/news/fidelity-expands-crypto-offerings-with-ethereum-index-fund/): US investment manager Fidelity Investments is offering its clients access to Ether through its recently launched Ethereum Index Fund. - [SWIFT network tastes success in CBDC payment trials](https://coinswitch.co/switch/news/swift-network-tastes-success-in-cbdc-payment-trials/): Global payment system SWIFT announced that it has successfully moved CBDCs and tokenized assets on its existing infrastructure in two different experiments. - [Sharp fall recorded in USDC circulation even as stablecoin market heats up](https://coinswitch.co/switch/news/sharp-fall-recorded-in-usdc-circulation-even-as-stablecoin-market-heats-up/): The total supply of USDC tokens has declined from 55.06 billion to 45.74 billion, a fall of over 9 billion units worth over $9 billion in the last three months. - [Crypto market update: 6 October 2022](https://coinswitch.co/switch/news/market-update-october-6-2022/): It was a mixed session for the crypto market on Wednesday with the total crypto market cap gaining a little above $10 billion to reach $974 billion - [Andreessen Horowitz leads $40M funding for DeKnow protocol](https://coinswitch.co/switch/news/andreessen-horowitz-leads-40m-funding-for-deknow-protocol/): Andreessen Horowitz (a16z) led $40 million investment into Golden which is a decentralized knowledge company - [Singer David Bowie’s NFT sells for $127,000](https://coinswitch.co/switch/news/singer-david-bowies-nft-sells-for-127000/): David Bowie’s rare NFT from his collection, ‘Bowie on the Blockchain’, was sold for 96.5 ETH or about $127,000 - [Binance expands its footprint in Kazakhstan](https://coinswitch.co/switch/news/binance-expands-its-footprint-in-kazakhstan/): Binance signed a memorandum of understanding (MoU) with the Kazakhstan’s Financial Monitoring Agency of the Republic - [Argentine state-owned firm, crypto miner join hands](https://coinswitch.co/switch/news/argentine-state-owned-firm-crypto-miner-join-hands/): Argentina's state-owned energy company began supplying energy to a crypto mining company - [What are savings, and why are they important?](https://coinswitch.co/switch/personal-finance/what-are-savings/): Saving money is important because it helps you grow wealth and gives you financial stability. Learn the significance of saving money and how to start saving. - [SEC fines Kardashian $1.3M for crypto promo](https://coinswitch.co/switch/news/sec-fines-kardashian-1-3-mn-for-crypto-promo/): The US Securities and Exchange Commission (SEC) charged Kim Kardashian with $1. 26 million in penalties for failing to disclose... - [Crypto market update: 4 October 2022](https://coinswitch.co/switch/news/crypto-market-update-4-october-2022/): After a lackluster September, October too began on a subdued note as the weekend saw the broader crypto market trading... - [Transit Swap loses $23M to hackers but subsequently recovers 70% of it](https://coinswitch.co/switch/news/transit-swap-loses-23m-to-hackers-but-subsequently-recovers-70-of-it/): In another case of hacking in the crypto market, Transit Swap, a cross-chain swap aggregator platform, lost roughly $23 million. - ["Rich Dad Poor Dad" author recommends BTC](https://coinswitch.co/switch/news/rich-dad-poor-dad-author-recommends-btc/): The author of Rich DadPoor Dad, Robert Kiyosaki, has come out in support of Bitcoin, calling it one of the investments to buy. - [Flip’s launches NFT game for bear-hit traders](https://coinswitch.co/switch/news/flips-launches-nft-game-for-bear-hit-traders/): Trading platform Flip’s latest venture is meant to bring cheer to NFT traders who lost real money amid the crypto market’s downturn. - [Singapore-based crypto banking platform Juno raises $18M](https://coinswitch.co/switch/news/singapore-based-crypto-banking-platform-juno-raises-18m/): Crypto banking firm Juno has raised $18 million in a Series A funding round led by ParaFi Capital, a crypto-native investment firm. - [Bitcoin ATM installation sees global drop for the first time](https://coinswitch.co/switch/news/bitcoin-atm-installation-sees-global-drop-for-the-first-time/): The number of Bitcoin ATMs installed fell to 37,980 in September, according to statistics from Coin ATM Radar. - [Crypto Market Update: 3 October 2022](https://coinswitch.co/switch/news/crypto-market-update-october-3-2022/): After a choppy end last month, the crypto market is starting October with some modest improvement. - [California adopts blockchain-powered recordkeeping](https://coinswitch.co/switch/news/california-adopts-blockchain-recordkeeping/): California, one of the more pro-crypto US states, is all set to embrace blockchain technology for safe recordkeeping. - [USDC issuer has a game plan to rope in traditional merchants](https://coinswitch.co/switch/news/usdc-issuer-to-rope-in-traditional-merchants/): Circle, the firm behind USD Coin (USDC), recently acquired Elements— a payment service provider. Read more to know the details - [Ola! Spanish telecom major enables crypto payments](https://coinswitch.co/switch/news/spanish-telecom-major-enables-crypto-payments/): The $19-billion company Telefónica has partnered with Spanish crypto exchange Bit2Me to kickstart this initiative. - [FB, Instagram users in the US can now cross-post NFTs](https://coinswitch.co/switch/news/fb-instagram-users-can-now-cross-post-nfts/): For now, Facebook and Instagram will support digital asset crossposting to all users based in the United States. - [Post-Vasil, Cardano has a dApp-specific upgrade](https://coinswitch.co/switch/news/cardano-has-a-dapp-specific-upgrade/): The Cardano ecosystem underwent yet another update—Plutus V2 enhancement— on 27 September 2022. Read more to know - [Crypto market update: 30 September 2022](https://coinswitch.co/switch/news/market-update-september-30-2022/): The crypto market hasn’t changed sides over the past 24 hours, trading mostly flat on Friday morning. Here is a detailed market update. - [The Ethereum Merge survival guide: 7 tips to stay safe amidst the euphoria](https://coinswitch.co/switch/crypto/ethereum-merge-survival-guide/): Coinswitch brings you a detailed Ethereum Merge survival guide helping you steer clear of all the confusion and the trouble-makers. - [PUBG designer's new project to include metaverse and NFTs](https://coinswitch.co/switch/news/pubg-designers-new-project-to-include-metaverse-and-nfts/): PUBG creator has announced that his next gaming project, “Artemis,” will feature the metaverse, NFTs, and blockchain technology. - [BIS partners with Israel, Norway, and Sweden to explore CBDC uses](https://coinswitch.co/switch/news/bis-partners-with-israel-norway-and-sweden-to-explore-cbdc-uses/): BIS has partnered with the central banks of Israel, Norway, and Sweden to explore the possibility of using CBDCs for retail and international remittance payments - [Beating the bears, a rare CryptoPunk NFT sells for $4.5 million](https://coinswitch.co/switch/news/beating-the-bears-a-rare-cryptopunk-nft-sells-for-4-5-million/): a CryptoPunk NFT #2924 just changed hands at a whopping $4.5 million or 3,300 ETH. - [Dubai plans new economic output metric for metaverse economy](https://coinswitch.co/switch/news/dubai-plans-new-economic-output-metric-for-metaverse-economy/): UAE is considering implementing a new economic output metric to measure the contribution of metaverse to its economy, - [Circle unveils plan to expand USDC to five new blockchains](https://coinswitch.co/switch/news/circle-unveils-plan-to-expand-usdc-to-five-new-blockchains/): USD Coin (USDC), the second-largest stablecoin, is going to expand to five new blockchains by the end of this year - [Crypto market update: 29 September 2022](https://coinswitch.co/switch/news/market-update-september-29-2022/): The crypto market was in for a mixed session on Wednesday, as it tried to find its feet after last week’s Fed policy decision. - [How inflation and rate hikes impact the crypto market: The story so far](https://coinswitch.co/switch/crypto/how-inflation-and-rate-hikes-impact-the-crypto-market/): Once crypto proved to be a perfect hedge against inflation. Learn why inflation and rate hikes are impacting the crypto market now. - [CBDC pilot involving China, UAE a success; $22M transacted](https://coinswitch.co/switch/news/cbdc-pilot-involving-china-uae-a-success-22m-transacted/): A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been declared "successful" by the Bank for International Settlements (BIS). - [Christie’s launches NFT sales platform on Ethereum](https://coinswitch.co/switch/news/christies-launches-nft-sales-platform-on-ethereum/): Popular NFT auction house Christie’s has launched its dedicated NFT on-chain auction platform on the Ethereum network. - [What are Ethereum’s miners doing after the Merge?](https://coinswitch.co/switch/crypto/ethereum-merge/what-are-ethereums-miners-doing-after-the-merge/): There is a lot of talk going around about mining on Ethereum going obsolete. Many are worried that the miners... - [Revolut gets nod to offer crypto products in the UK](https://coinswitch.co/switch/news/revolut-gets-nod-to-offer-crypto-products-in-the-uk/): Revolut will now be able to offer crypto products and services in the UK after getting approval from Financial Conduct Authority (FCA). - [Argentine athlete has a unique way to beat inflation](https://coinswitch.co/switch/news/argentine-athlete-has-a-unique-way-to-beat-inflation/): Guido Cannetti, UFC fighter, is the first sportsperson in Argentine to receive 100% salary in stablecoins. - [Ethereum’s many avatars, post-Merge](https://coinswitch.co/switch/crypto/ethereums-many-avatars-post-merge/): The post-Merge phases will help Ethereum accomplish the rest of the development targets. - [Japan expands crypto regulations to include travel](https://coinswitch.co/switch/news/japan-expands-crypto-regulations-to-include-travel/): Japan is set to introduce new rules for money transfers with regard to travel to prevent the use of crypto for money laundering. - [Crypto market update: 28 September 2022](https://coinswitch.co/switch/news/crypto-market-update-september-28-2022/): After trading higher briefly on 27 September, the crypto market ended the day on a bearish note. Ripple (XRP) led the way down. - [VCs back solar-powered BTC mining firm](https://coinswitch.co/switch/news/vcs-back-solar-powered-btc-mining-firm/): Amid the ongoing sustainability-related conversations around the Merge, a new solar-powered Bitcoin mining firm raised $8 million in a Series... - [Massive jump in Nubank’s Brazilian crypto users](https://coinswitch.co/switch/news/massive-jump-in-nubanks-brazilian-crypto-users/): Nubank, the largest Brazilian digital bank by market value, has registered an all-time high crypto user count on its app... - [FTX acquires bankrupt crypto lender](https://coinswitch.co/switch/news/ftx-acquires-bankrupt-crypto-lender/): After the acquisition of BlockFi early this year, Crypto exchange giant FTX US has come to the rescue of yet... - [What are crypto wallets, & how do they work?](https://coinswitch.co/switch/crypto/what-are-crypto-wallets/): A crypto wallet is a hardware or software app that enables you to store & exchange cryptos. Read to learn about the types of crypto wallets & how to use one - [Beyond art: Smart NFTs have applications in gaming, healthcare](https://coinswitch.co/switch/crypto/smart-nfts-have-applications-in-gaming-healthcare/): NFT evangelists are gung-ho about Smart NFTs—self-upgrading entities expected to change the way you look at the entire digital art realm. - [WEF coalition launched to encourage Web 3.0 climate action](https://coinswitch.co/switch/news/wef-coalition-launched-to-encourage-web-3-0-climate-action/): The World Economic Forum (WEF) is in the news with the launch of a new coalition on Web 3. 0.... - [Walmart sets up shop in metaverse](https://coinswitch.co/switch/news/walmart-sets-up-shop-in-metaverse/): Joining the ranks of early adopters of Web 3. 0, retail giant Walmart announced a partnership with online gaming platform... - [Crypto market update: 27 September 2022](https://coinswitch.co/switch/news/market-update-september-27-2022/): The crypto market is looking flat right now. Dominant cryptos like Bitcoin (BTC) and Ethereum (ETH) witnessed only slight increases... - [Filecoin has a silver lining amid the crypto downturn](https://coinswitch.co/switch/news/filecoin-has-a-silver-lining/): Filecoin, a decentralized protocol for file sharing, reported massive fundamental growth at its Singapore event held on Monday. - [Ethereum transaction fees hit a 2-year low amid rising transaction count](https://coinswitch.co/switch/news/ethereum-transaction-fees-hit-a-2-year-low/): Transaction costs within the Ethereum ecosystem have dropped to the lowest point in the past two years, according to an on-chain metric. - [Another layer 1 goes live with a mainnet upgrade](https://coinswitch.co/switch/news/another-layer-1-goes-live-with-a-mainnet-upgrade/): Tezos, one of the more eco-friendly, layer 1 blockchain networks, activated the much-awaited Kathmandu upgrade on its mainnet. - [Vitalik expects Dogecoin, Zcash to make the switch to PoS](https://coinswitch.co/switch/news/vitalik-expects-dogecoin-zcash-to-go-pos/): Vitalik Buterin expects Proof-of-Work blockchains Dogecoin and Zcash to transition to Proof-of-Stake in the near future. - [USDT arrives right on the DOT](https://coinswitch.co/switch/news/usdt-launches-on-polkadot/): Popular stablecoin USDT now natively exists on the Polkadot blockchain—a layer-0, interoperable ecosystem. Read more here - [Crypto market update: 26 September 2022](https://coinswitch.co/switch/news/market-update-september-26-2022/): The week began on a subdued note with the broader crypto market trading in the red. Here is the crypto market update that tells more. - [What is Asset Management?](https://coinswitch.co/switch/personal-finance/what-is-asset-management/): This guide to Asset Management will help you understand the importance, benefits and the process, to help you extract maximum value from your investments. - [Console prototype launch reveals Zilliqa’s Web 3.0 gameplan](https://coinswitch.co/switch/news/console-prototype-launch-reveals-zilliqas-web-3-0-gameplan/): Zilliqa Research, the company behind the blockchain, has revealed that it is currently working on a gaming console and gaming hub. Read more - [Opera browser adds support for Elrond](https://coinswitch.co/switch/news/opera-browser-adds-support-for-elrond/): Opera, a Web 3.0 browser company, is now integrating with Elrond, a high-throughput blockchain. Read more to know. - [Vasil upgrade live on mainnet, all eyes on 27 Sept](https://coinswitch.co/switch/news/vasil-upgrade-live-on-mainnet/): Vasil upgrade live on mainneAfter months of deliberation and delays, Cardano’s Vasil upgrade is finally live on the mainnet. - [DeFi bug bounty platform gets funding boost](https://coinswitch.co/switch/news/defi-bug-bounty-platform-gets-funding/): Immunefi, a reputed decentralized finance (DeFi) platform for handling bug bounties, has raised a Series A funding figure of $24 million. - [Solana to help Helium rise further](https://coinswitch.co/switch/news/solana-helps-helium-rise-further/): Helium, a decentralized Internet of Things (IoT) network, will now be ditching its own HIP 70 blockchain to move to Solana. - [Crypto market update: 23 September 2022](https://coinswitch.co/switch/news/market-update-september-23-2022/): Despite its roller coaster-like experience this week, the broader crypto market has started the day on a positive note. Market update ahead - [Iran launches test run of its digital currency](https://coinswitch.co/switch/news/iran-launches-test-run-of-its-digital-currency/): The Central Bank of Iran (CBI) is set to launch a trial run of crypto-rial, a central bank digital currency (CBDC), on 22 September. - [Cardano's Vasil upgrade is almost here](https://coinswitch.co/switch/news/cardanos-vasil-upgrade-is-almost-here/): Cardano Vasil upgrade is all set to happen on 22 September. All three "critical mass indications" required to start the upgrade have now been reached. - [Japan’s Nomura launches VC arm to invest in crypto firms](https://coinswitch.co/switch/news/japans-nomura-launches-vc-arm-to-invest-in-crypto-firms/): Japanese investment bank Nomura has launched its venture capital unit to invest in firms focused on crypto and blockchain. - [Bitcoin gets a royal boost in Dubai](https://coinswitch.co/switch/news/bitcoin-gets-a-royal-boost-in-dubai/): Seed Group, a company affiliated with the Royal Family of Dubai, has signed a partnership with Bitcoin firm CoinCorner to facilitate Bitcoin payment across the UAE. - [Funko, Warner Bros team up to launch DC Comics' NFTs](https://coinswitch.co/switch/news/funko-warner-bros-team-up-to-launch-dc-comics-nfts/): Funko Inc. (FNKO) is back with another non-fungible token (NFT). The company is collaborating with Warner Brothers to launch the NFT collection. - [Crypto market update: 22 September 2022](https://coinswitch.co/switch/news/crypto-market-update-september-22-2022/): The US Federal Reserve’s 0.75 percentage point rate hike on Wednesday, though on expected lines, sent the crypto market to bearish territory. - [Nasdaq to set up crypto division for institutional investors](https://coinswitch.co/switch/news/nasdaq-to-set-up-a-crypto-division-for-institutional-investors/): Nasdaq has announced the launch of a “Nasdaq Digital Assets” division to serve institutional clients. - [ETH becomes most staked crypto, surpasses SOL](https://coinswitch.co/switch/news/eth-becomes-most-staked-crypto-surpasses-sol/): After the Merge, there has been a sharp rise in staking on the Ethereum network, and close to 12% of the circulating supply of ETH has been staked. - [Draft US stablecoin bill suggests ban on algorithmic stablecoins](https://coinswitch.co/switch/news/draft-us-stablecoin-bill-suggests-a-ban-on-algorithmic-stablecoins/): The latest draft legislation bill of an upcoming US law on stablecoins has suggested a two-year ban on the issue of any new algorithmic stablecoin - [Crypto rugpulls vs. hacks: Spot the differences](https://coinswitch.co/switch/crypto/crypto-rugpulls-vs-hacks-spot-the-differences/): Investors need to know the difference between some common hacks and scams. Learn the difference between rug pulls and hacks with this read. - [P2E, the way ahead for the blockchain gaming industry](https://coinswitch.co/switch/crypto/p2e-the-way-ahead-for-the-blockchain-gaming-industry/): Play to Earn (P2E) allows gamers to farm or collect cryptos and NFTs, which can be sold on the crypto market. - [A decentralized hero emerges on the Bitcoin derivatives horizon](https://coinswitch.co/switch/news/a-decentralized-hero-emerges-on-the-bitcoin-derivatives-horizon/): Hxro, a Solana-based DeFi protocol, has created a new option for trading decentralized Bitcoin derivatives. - [MicroStrategy makes 2022’s second Bitcoin purchase, its smallest in two years](https://coinswitch.co/switch/news/microstrategy-makes-2022s-second-bitcoin-purchase-its-smallest-in-two-years/): MicroStrategy has added only 301 BTC, worth around $6 million, to its balance sheet this time at an average price of $19,851 per coin. - [Crypto market update: 21 September 2022](https://coinswitch.co/switch/news/market-update-september-21-2022/): Yesterday saw a mixed session for the crypto market. Bitcoin (BTC), Ether (ETH), and other top coins traded flat. - [How will the Ethereum Merge impact other crypto projects and tokens?](https://coinswitch.co/switch/crypto/ethereum-merge-impacting-other-cryptos/): We discuss some of the other important projects that are expected to power through the post-Ethereum Merge. - [Another day, another DeFi hack; $160 million lost](https://coinswitch.co/switch/news/another-day-another-defi-hack-160-million-lost/): Wintermute, a leading global crypto market, has reportetly lost $160 million in a hack related to its DeFi operation. - [PGA Tour enters NFT space to create golf collectibles](https://coinswitch.co/switch/news/pga-tour-enters-nft-space-to-create-golf-collectibles/): PGA TOUR has partnered with non-fungible token (NFT) marketplace Autograph to launch a golf-based NFT platform in 2023 - [Solana leapfrogs ETH in daily transactions: Report](https://coinswitch.co/switch/news/solana-leapfrogs-eth-in-daily-transactions-report/): Solana (SOL) outperformed Ethereum (ETH) in terms of daily transactions, with more than 40 million vs. 1 million for Ethereum. - [Panda DAO proposes dissolution over internal issues](https://coinswitch.co/switch/news/panda-dao-proposes-dissolution-over-internal-issues/): Panda DAO, a Decentralized Autonomous Organization, revealed plans to dissolve itself in a seven-point referendum, citing management issues. - [THNDR launches P2E Bitcoin Solitaire game](https://coinswitch.co/switch/news/thndr-launches-p2e-bitcoin-solitaire-game/): THNDR Games, a Bitcoin gaming company, released a play-to-earn (P2E) version of the popular card game Solitaire. - [Crypto market update: 20 September 2022](https://coinswitch.co/switch/news/crypto-market-update-september-20-2022/): After some lackluster sessions following the much anticipated Ethereum Merge, Monday came as a breather for most of the top cryptos. - [Women in crypto: A conversation with NFT artist Rima Singh](https://coinswitch.co/switch/crypto/women-in-crypto-a-conversation-with-nft-artist-rima-singh/): NFT artist Rima Singh redefines digital art. Her work is a testimony to the contributions of many other women in crypto. - [Japanese gaming giants eye long-term blockchain adoption](https://coinswitch.co/switch/news/japanese-gaming-giants-eye-blockchain-adoption/): Sega, Bandai Namco, Square Enix, and other big names in gaming have partnered with Oasys blockchain to create blockchain-based games. - [ApeCoin “unlocks” rewards for launch contributors](https://coinswitch.co/switch/news/apecoin-unlocks-rewards-for-launch-contributors/): ApeCoin—an Ethereum-specific token—is all set to reward its launch contributors by initiating a token unlock. Read more - [Ethereum PoW hit by replay exploit](https://coinswitch.co/switch/news/ethereum-pow-hit-by-replay-exploit/): The hard-forked Ethereum Proof-of-Work (PoW) blockchain was at the receiving end of a replay attack, according to BlockSec. Read more - [Dogecoin climbs another key crypto list](https://coinswitch.co/switch/crypto/dogecoin-climbs-key-crypto-list/): Popular dog-themed memecoin Dogecoin flipped Polkadot (DOT) to reclaim the 10th position in terms of crypto market cap. Read more - [South Korea to issue new metaverse guidelines](https://coinswitch.co/switch/crypto/south-korea-to-issue-new-metaverse-guidelines/): South Korea has decided to issue a set of metaverse-related guidelines in an attempt to incentivize its growth. Read more - [Crypto market update: 19 September 2022](https://coinswitch.co/switch/crypto/market-update-september-19-2022/): The much-anticipated Ethereum Merge turned out to be anticlimactic. Here is our detailed crypto market update that details the same. - [Post Merge, Dogecoin takes the No. 2 slot in PoW](https://coinswitch.co/switch/crypto/post-merge-dogecoin-takes-the-no-2-slot-in-pow/): ogecoin became the second-largest proof-of-work network after Bitcoin. With Ethereum exiting the ecosystem - [Russia pushes hard on crypto; sets December deadline](https://coinswitch.co/switch/crypto/russia-pushes-hard-for-using-cryptos-in-global-trade/): Mr. Mishustin also called on the institutions to work with other regulators to find a common position on the legislation to regulate the digital asset market in the country. - [SWIFT banks on blockchain to improve data accuracy](https://coinswitch.co/switch/crypto/swift-banks-on-blockchain-to-improve-data-accuracy/): The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging network used to make cross-border payments, has joined hands with fintech company Symbiont to pilot a blockchain project. - [A beginner’s guide to Ethereum and its Merge](https://coinswitch.co/switch/crypto/a-beginners-guide-to-ethereum-and-its-merge/): The Merge is the Ethereum network’s latest upgrade. With the Merge, Ethereum changed its way of verifying transactions—dropping the Proof-of-Work (PoW) mechanism and opting for the more eco-friendly Proof-of-Stake (PoS) one. - [An NFT to mark the final PoW Ethereum block](https://coinswitch.co/switch/crypto/an-nft-to-mark-the-final-pow-ethereum-block/): the final Ethereum PoW block mined before the transition to the PoS chain didn’t go unrecorded. The NFT, called “The Last POW Block,” was minted at a cost of $50,000. - [Ethereum PoW fork no match for Merge’s dream run](https://coinswitch.co/switch/crypto/ethereum-pow-fork-no-match-for-merges-dream-run/): Soon after the Ethereum Merge was successfully executed, the Ethereum proof-of-work chain went live with its mainnet. - [Crypto market update: 16 September 2022](https://coinswitch.co/switch/crypto/market-update-september-16-2022/): Ethereum’s transition to the proof-of-stake chain went without a hitch. However, the market witnessed a selloff as the Merge failed to cheer up investors. - [Experts respond to Norwegian town calling Bitcoin mining noisy](https://coinswitch.co/switch/crypto/norwegian-town-calls-pow-noisy-wants-miners-out/): A Norwegian municipality is protesting against Bitcoin mining being too loud. The mining process is part of the PoW mechanism. - [Wall Street firms to launch crypto exchange](https://coinswitch.co/switch/crypto/wall-street-firms-to-launch-crypto-exchange/): A group of Wall Street firms have announced the start of a new cryptocurrency exchange, called EDX Markets (EDXM). - [Ethereum Merge successfully completed](https://coinswitch.co/switch/crypto/ethereum-merge-successfully-completed/): The Merge is a success. Ethereum, the second largest crypto by market cap, will no longer rely on a Proof-of-Work (PoW) consensus mechanism. - [Tesla launches new Cyberwhistle that can only be bought with DOGE](https://coinswitch.co/switch/crypto/teslas-launches-new-cyberwhistle-that-can-only-be-bought-with-doge/): Tesla has released a new Cyberwhistle that can only be bought by DOGE. The collectible is modeled after its Cybertruck series. - [The Merge live stream is on!](https://coinswitch.co/switch/crypto/the-merge-livestream-is-on/): The Merge is finally here. The Ethereum Foundation has scheduled an Ethereum Mainnet Merge Viewing Party livestream on YouTube. - [Crypto market update: 15 September 2022](https://coinswitch.co/switch/crypto/market-update-september-15-2022/): The top cryptos by market had a bearish session yesterday. Ethereum (ETH) and Cardano (ADA) led the way, rallying by 4.09% and 3.66%. - [What is personal finance?](https://coinswitch.co/switch/personal-finance/what-is-personal-finance/): Take control of your finances with these Personal Finance strategies. Learn the mantra to budgeting and growing your assets here. - [Ether futures in demand ahead of the Merge](https://coinswitch.co/switch/crypto/ether-futures-in-demand-ahead-of-the-merge/): It’s Merge time already, and investors are making their moves evident by showing an increased interest in Ether futures contracts. - [KKR offers a bite of its PE fund on Avalanche](https://coinswitch.co/switch/crypto/kkr-pe-fund-now-on-avalanche/): US investment major KKR’s latest health-care-specific private equity fund is now tokenized on the Avalanche blockchain. Read more - [Uruguay plans to bring crypto under central bank purview](https://coinswitch.co/switch/crypto/uruguay-plans-to-bring-crypto-under-central-bank-purview/): Uruguay has proposed a crypto bill, which will bring significant changes to the way virtual assets are regulated. Read more here - [Maker banks on staked-ETH to lower USDC exposure](https://coinswitch.co/switch/crypto/maker-uses-staked-eth-to-lower-usdc-exposure/): Leading DeFi platform Maker said it aims to lower USDC exposure by adding more stETH (Staked ETH) to its vault. - [Solana-based Jet has a new DeFi offering](https://coinswitch.co/switch/crypto/solana-based-jet-has-a-new-defi-offering/): Jet, a Solana-based liquidity protocol, has launched a DeFi product called “Leveraged Swaps” to simplify margin trades. Read more to know - [Crypto market update: 14 September 2022](https://coinswitch.co/switch/crypto/market-update-september-14-2022/): The high inflation reading, which came in above expectations, cast a pall over the US equity market, dragging down the crypto market as well. - [What is portfolio management, and why is it important?](https://coinswitch.co/switch/personal-finance/what-is-portfolio-management/): Portfolio management is about achieving the right balance between different assets. Read on to learn about how to get maximum ROI from your portfolio - [Tether’s USDT added on Near blockchain](https://coinswitch.co/switch/crypto/tethers-usdt-added-on-near-blockchain/): Tether, the company behind USDT, has announced that it will now launch the world’s largest stablecoin on the Near network. - [Russia moves closer to using crypto for international payments, with Rostec’s lead](https://coinswitch.co/switch/crypto/russia-moves-closer-to-using-crypto-for-international-payments-with-rostecs-lead/): Rostec, one of Russia’s leading tech companies, is working on a project to integrate digital assets into cross-border trade payment settlements. - [VC funding for NFT and gaming firms sees huge jump in August](https://coinswitch.co/switch/crypto/vc-funding-nft-and-gaming-firms-see-huge-jump-in-august/): In August 2022, NFT and metaverse gaming firms witnessed a 66% jump in Venture Capital (VC) funding, touching $842 million. - [Starbucks picks Polygon for its Web 3.0 space "Odyssey"](https://coinswitch.co/switch/crypto/starbucks-picks-polygon-for-its-web-3-0-space-odyssey/): Starbucks is partnering up with Polygon blockchain network to launch its Web 3.0 initiatives called Starbucks Odyssey. - [Ethereum PoW fork date announced](https://coinswitch.co/switch/crypto/ethereum-pow-fork-date-announced/): A new Twitter handle called @EthereumPoW has confirmed the official launch of ETHW, the Ethereum Proof-of-Work (PoW) fork on September 15th. - [Crypto market update: 13 September 2022](https://coinswitch.co/switch/crypto/market-update-september-13-2022/): It’s been a mixed session for the crypto market yesterday due to price action among the top 10 cryptos. Bitcoin (BTC) and Solana (SOL) continued to be in a breakout mode, - [MicroStrategy to sell $500 million in stock to buy more Bitcoin](https://coinswitch.co/switch/crypto/microstrategy-to-sell-500-mn-in-stock-to-buy-more-btc/): MicroStrategy remains bullish on Bitcoin, with the company revealing plans to sell up to $500 million of stock to purchase more Bitcoin. - [Solana-based NFTs shine amid the gloom](https://coinswitch.co/switch/crypto/solana-based-nfts-shine-amid-the-gloom/): The number of NFTs minted on Solana surged to an all-time high of 312,000 on 7 September compared to 39,000 mints on 4 September. - [Terra-Luna effect: Algorand flags $35M loss from Hodlnaut exposure](https://coinswitch.co/switch/crypto/terra-luna-effect-algorand-flags-35m-loss-from-hodlnaut-exposure/): The Algorand Foundation has incurred a $35 million USDC loss on its balance sheet on account of its exposure to crypto lending firm Hodlnaut. - [Google joins in as time ticks away on Ethereum merge](https://coinswitch.co/switch/crypto/google-joins-in-as-time-ticks-away-on-ethereum-merge/): Tech giant Google has integrated a countdown clock into its world-leading search engine ahead of the Ethereum merge this week. - [Thai DeFi platform Forward raises $5 million in seed funding](https://coinswitch.co/switch/crypto/thai-defi-platform-forward-raises-5-million-in-seed-funding/): DeFi platform Forward has raised $5 million in a funding round led by some of Thailand's largest banks and venture capital firms. - [Crypto market update: 12 September 2022](https://coinswitch.co/switch/crypto/market-update-september-12-2022/): The crypto market closed the week on a bearish note. Ethereum (ETH) and Polkadot (DOT) led the way down, with top cryptos following suit. - [Why the Ethereum Merge could start a bull run for ETH and the broader market](https://coinswitch.co/switch/crypto/can-ethereum-merge-start-a-bull-run-for-eth/): The much-anticipated Ethereum Merge might give the crypto market the push that it has been awaiting since the onset of 2022. - [Ford revs up for drive into the metaverse](https://coinswitch.co/switch/crypto/ford-moves-to-the-metaverse/): Reputed California-based car manufacturer Ford filed 19 trademarks for its major car brands, revealing its metaverse plans. - [Merge-related airdrop expectations are sucking liquidity out of DeFi](https://coinswitch.co/switch/crypto/airdrop-expectations-sucking-liquidity-out-of-defi/): Many ETH owners are ditching DeFi liquidity pools for wallets relevant to the Ethereum mainnet, expecting merge-related airdrops. - [Ronin hack: $30 million worth of crypto recovered](https://coinswitch.co/switch/crypto/ronin-hack-funds-recovered/): A group of investigators has recovered almost 10% of funds worth $30 million stolen as part of the well-known Ronin hack. Read more - [How the Merge will affect ETH token supply](https://coinswitch.co/switch/crypto/how-the-merge-will-affect-eth-supply/): Combining the post-Merge inflation rate and burn rate of ETH tokens, it is possible to see that ETH tokenomics could become deflationary. - [Fed Chair calls for stablecoin legislation](https://coinswitch.co/switch/crypto/fed-chair-calls-for-stablecoin-legislation/): Fed chair Jerome Powell called for stablecoin legislation in an interview with Cato President Peter Goettler on Thursday. Read more - [BNB Chain boards the Zero-Knowledge Proof bandwagon](https://coinswitch.co/switch/crypto/bnb-chain-announces-zero-knowledge-proofs/): The smart contract leg of the Binance ecosystem, BNB chain, is going to have its own Zero-Knowledge Proof technology called zkBNB. Read more - [Crypto market update: 9 September 2022](https://coinswitch.co/switch/crypto/market-update-september-9-2022/): The broader crypto market held surprisingly steady over the past 24 hours, despite Fed Chair Jerome Powell’s comments during the day. - [Franklin Templeton launches metaverse ETF](https://coinswitch.co/switch/crypto/franklin-templeton-launches-metaverse-etf/): The ETF, named Franklin Metaverse UCITS ETF, will track the Solactive Global Metaverse Innovation Index. - [Users snap up ENS domain names ahead of merge](https://coinswitch.co/switch/crypto/users-snap-up-ens-domain-names-ahead-of-merge/): the weekly trading volume of ENS domain names has surpassed 3,210 ETH, ahead of RTFKT Clone X’s trading volume at 2,034 ETH and Bored Ape Yacht Club’s at 1,210 ETH. - [NBA to launch NFT fantasy basketball game](https://coinswitch.co/switch/crypto/nba-to-launch-nft-fantasy-basketball-game/): The National Basketball Association (NBA) and NBA Players Association have struck a deal with Sorare, a French startup, to launch the league’s first NFT-based fantasy basketball game. - [A year on, El Salvador is going steady with Bitcoin](https://coinswitch.co/switch/crypto/a-year-on-el-salvador-going-steady-with-bitcoin/): It has been a year since El Salvador adopted Bitcoin as legal tender, the first country in the world to do so. - [Algorand ups its game with a major protocol upgrade](https://coinswitch.co/switch/crypto/algorand-ups-its-game-with-a-major-protocol-upgrade/): lgorand, a proof-of-stake, Layer 1 blockchain network, announced a major upgrade to its protocol that features state proofs to enable trustless cross-chain communication and increase the speed of the blockchain from 1,200 to 6,000 TPS. - [Crypto market update: 8 September 2022](https://coinswitch.co/switch/crypto/market-update-september-8-2022/): The crypto market had a roller coaster ride in Wednesday’s session, starting the day on a dull note with Bitcoin trading below the $19,000 level for the first time in three months. - [The crypto market is maturing: KPMG report](https://coinswitch.co/switch/crypto/the-crypto-market-is-maturing-kpmg-report/): The crypto and blockchain sector continues to show signs of maturity according to KPMG’s Pulse of Fintech H1’22 report released in September. - [2022 already has more trademark applications for crypto assets than last year](https://coinswitch.co/switch/crypto/2022-already-has-more-trademark-applications-for-crypto-assets-than-last-year/): The number of US trademarks filed for cryptocurrencies, NFTs, Web 3.0, and the metaverse this year has surpassed those filed in 2021. - [HRF donates $325,000 for Bitcoin ecosystem development](https://coinswitch.co/switch/crypto/hrf-donates-325000-for-btc-ecosystem-development/): Human Rights Foundation (HRF) has announced a new round of donations, for the development of the Bitcoin ecosystem. - [Argentinian freemasons to release NFT collection for charity](https://coinswitch.co/switch/crypto/argentinian-freemasons-to-release-nft-collection-for-charity/): Argentina-based freemasons are releasing an NFT collection, dubbed CryptoMasons. The collection comprises 77 digital art works by 7 artist. - [Mining firm Hut 8 has 8,000+ BTC holdings](https://coinswitch.co/switch/crypto/mining-firm-hut-8-has-holdings-over-8000-btc/): Despite the crypto market depression, the Bitcoin (BTC) holdings of Hut 8, a Canadian mining firm, have reportedly crossed the 8,000 mark. - [Crypto market update: 7 September 2022](https://coinswitch.co/switch/crypto/market-update-september-7-2022/): The upcoming Merge and Vasil hard fork could not prevent the crypto market from turning red at the end of yesterday’s session. - [Australia sets up new police unit to tackle crypto crime](https://coinswitch.co/switch/crypto/australia-sets-up-new-police-unit-to-tackle-crypto-crime/): Australian Federal Police (AFP) on Monday said that it has set up a new cryptocurrency division within the country’s police force. - [Bank of Russia warms up to cross-border payments in crypto](https://coinswitch.co/switch/crypto/bank-of-russia-warms-up-to-cross-border-payments-in-crypto/): Russia’s central bank is contemplating legalizing the use of cryptos for settling cross-border payments. - [Binance to end support for USDC, USDP, and TUSD](https://coinswitch.co/switch/crypto/binance-to-end-support-for-usdc-usdp-and-tusd/): Binance announcing that it will convert users’ USDC, USDP, and TUSD holdings into its own stablecoin BUSD, beginning 29 September. - [Countdown: 73% of Ethereum nodes are merge-ready](https://coinswitch.co/switch/crypto/73-of-ethereum-nodes-are-merge-ready/): As the countdown for the Ethereum merge kicks off today with the Bellatrix upgrade, close to 73% of the Ethereum... - [LG brings NFTs to a small screen near you](https://coinswitch.co/switch/crypto/lg-brings-nfts-to-a-small-screen-near-you/): LG is bringing the NFT experience out from mobile and computer devices direct to your TV. The company has announced the launch of a new NFT marketplace, dubbed “LG Art Labs” - [Crypto market update: 6 September 2022](https://coinswitch.co/switch/crypto/market-update-september-6-2022/): With no major positive triggers, the total market cap of the crypto market continues to stay below the psychologically important $1 trillion level. - [What is risk management, and how to use it effectively](https://coinswitch.co/switch/personal-finance/what-is-risk-management/): This risk management guide will help you understand & manage risks when it comes to investments. Moreover, it'll help you make data-driven decisions while investing - [Polkadot and Tezos are now the most energy-efficient PoS chains](https://coinswitch.co/switch/crypto/polkadot-and-tezos-are-energy-efficient-pos-chains/): Blockchain networks Polkadot and Tezos have surpassed other Proof-of-Stake (PoS) blockchains when it comes to energy efficiency. read more - [Ethereum Classic receives mining pool support ahead of Merge](https://coinswitch.co/switch/crypto/ethereum-classic-receives-mining-pool-support/): BTC.com—a leading mining pool and a blockchain explorer—has added support for the Ethereum Classic network days before the Merge. Learn more - [August saw stablecoin transactions surge by almost 33%; USDC in lead](https://coinswitch.co/switch/crypto/stablecoin-transactions-surged-in-august/): The on-chain transaction volumes of stablecoins surged by 32.9% in August, a new report by The Block reveals. Read more - [Most NFTs to turn eco-friendly post-merge](https://coinswitch.co/switch/crypto/most-nfts-to-turn-eco-friendly-post-merge/): Most NFTs will become eco-friendly with the Merge as Ethereum houses the largest Non-Fungible Token (NFT) volume right now. - [Cardano’s Vasil upgrade now has a “hard” date](https://coinswitch.co/switch/crypto/cardano-vasil-upgrade-has-a-date/): Cardano’s much-anticipated Vasil upgrade is going to take place on 22 September 2022. read more to know the details - [Crypto market update: 5 September 2022](https://coinswitch.co/switch/crypto/market-update-september-5-2022/): Last week blew hot and cold on the crypto market.Bitcoin (BTC) tried its best to cling to the psychological support of $20,000 but failed. - [ETH layer 2 solution gets a speed boost ahead of merge](https://coinswitch.co/switch/crypto/eth-layer-2-solution-gets-a-speed-boost/): Arbitrum— Ethereum’s largest scaling solution— got a speed upgrade right ahead of the grand merge, termed Nitro. Read more - [MakerDAO proposes far-reaching changes to DAI](https://coinswitch.co/switch/crypto/makerdao-proposes-changes-to-dai/): DeFi ecosystem Maker has formally announced a new executive proposal, urging MakerDAO members to vote on some key decisions. - [Carlyle co-founder reveals crypto investments](https://coinswitch.co/switch/crypto/carlyle-co-founder-reveals-crypto-investments/): David Rubenstein, co-founder of private-equity firm Carlyle Group, said he has crypto-specific investments. Read more - [Top 5 myths and facts about Ethereum 2.0](https://coinswitch.co/switch/crypto/top-5-myths-and-facts-about-ethereum-2-0/): The Ethereum Merge is all set to completely change Ethereum. The Merge has led to a lot of confusion in the minds of people. Here are the top 5 myths and facts about Ethereum Merge. - [OpenSea to back only PoS NFTs post-Ethereum merge](https://coinswitch.co/switch/crypto/opensea-to-back-pos-nfts-post-merge/): OpenSea would only support NFTs listed on the PoS chain after Ethereum transitions into Proof-of-Stake (PoS) protocol post-merge. - [DeFi aggregator’s airdrop bonanza for Optimism users](https://coinswitch.co/switch/crypto/1inch-airdrop-bonanza-for-optimism-users/): 1inch— a Defi-specific decentralized protocol aggregator—has recently announced backdated Optimism (OP) token airdrop for select wallet users. - [Crypto market update: 2 September 2022](https://coinswitch.co/switch/crypto/market-update-september-2-2022/): The flat crypto week wears on with the broader market entering Friday in a tepid mood, up by 1.12% at the time of writing. Read more: - [California is the most BTC- and ETH-curious state in the US: Report](https://coinswitch.co/switch/crypto/california-is-uss-most-btc-and-eth-curious-state-report/): The state of California alone accounts for 43% of all Bitcoin and Ethereum web traffic searches, according to a new report from CoinGecko. - [Vasil hard fork: A game-changer for Cardano and its investors?](https://coinswitch.co/switch/crypto/is-vasil-hard-fork-a-game-changer-for-cardano/): Cardano's Vasil hard fork update is expected to be a game changer for the developers and investors alike. Read more to learn all about it. - [Curve stablecoin launch may happen in September](https://coinswitch.co/switch/crypto/curve-stablecoin-launch-may-happen-in-september/): Curve Finance might launch a decentralized stablecoin called crvUSD next month, according to founder, Michael Egorov. - [Developers propose to move Helium to Solana blockchain](https://coinswitch.co/switch/crypto/helium-developers-proposes-to-migrate-to-solana/): Helium developers have proposed a transition to the Solana blockchain to improve the operation of the Helium blockchain. - [Michael Saylor and MicroStrategy face tax evasion lawsuit](https://coinswitch.co/switch/crypto/michael-saylor-and-microstrategy-charged-of-tax-evasion/): A tax evasion-related lawsuit has now been filed against Michael Saylor and the company he founded, MicroStrategy. - [El Salvador’s Bitcoin Beach gets over $200 million for infrastructure](https://coinswitch.co/switch/crypto/el-salvadors-bitcoin-beach-gets-over-200-million-for-infrastructure/): El Salvador will receive over $200 million in investments to upgrade the infrastructure at Bitcoin Beach, according to President Nayib Bukele. - [Crypto market update: 1 September 2022](https://coinswitch.co/switch/crypto/market-update-september-1-2022/): ETH led the way, rising by 1.91%, supported by positive sentiment in the context of the Merge. BTC also gained 1.18% - [Meta users can post NFTs on Facebook and Instagram now](https://coinswitch.co/switch/crypto/meta-users-can-post-nfts-on-facebook-and-instagram-now/): The social media giant said that users will need to connect their wallet to post NFTs minted on Ethereum, Polygon, and Flow. - [Brazil’s central bank picks the country’s largest private bank to develop a DeFi liquidity pool](https://coinswitch.co/switch/crypto/brazils-central-bank-picks-countrys-largest-private-bank-to-develop-a-defi-liquidity-pool/): Brazil’s central bank has selected Itaú Unibanco, the country’s largest private bank, to help develop a DeFi liquidity pool. - [Iran passes bill legalizing the use of crypto for imports](https://coinswitch.co/switch/crypto/iran-passes-bill-legalizing-the-use-of-crypto-for-imports/): Iran has now passed a new law that allows regulations on trade transactions with crypto. The act authorizes the use of crypto to finance imports from abroad - [CME introduces euro-denominated BTC and ETH futures contracts](https://coinswitch.co/switch/crypto/cme-introduces-euro-denominated-btc-and-eth-futures-contracts/): Chicago Mercantile Exchange (CME), the world’s largest financial derivatives marketplace, has announced the launch of euro-denominated Bitcoin and Ether futures contracts. - [Singapore may establish tougher rules for retail crypto market](https://coinswitch.co/switch/crypto/singapore-may-establish-tougher-rules-for-retail-crypto-market/): ingapore’s central bank, the Monetary Authority of Singapore (MAS), may roll out stricter rules for retail crypto trading, according to a top official. - [Crypto market update: 30 August 2022](https://coinswitch.co/switch/crypto/market-update-august-30-2022/): The week seems to have begun on a positive note for the crypto market, with Bitcoin and Ethereum leading the way. Shrugging off rate hike concerns, - [Ava Labs dismisses charges; denies wrongdoing](https://coinswitch.co/switch/crypto/ava-labs-denies-wrongdoing/): Ava Labs has categorically dismissed charges leveled against it by CryptoLeaks, terming it “conspiracy theory nonsense.” Read more - [Compound’s new DeFi lending platform ticks the right boxes](https://coinswitch.co/switch/crypto/compounds-new-defi-lending-platform-is-live/): new version of the existing Compound protocol— Compound III— is now live following a successful governance proposal. Here is more about it - [Inflation, rate concerns drag down Ether metrics](https://coinswitch.co/switch/crypto/inflation-rate-concerns-drag-down-ether-metrics/): While most crypto assets took the hit, it turned out to be a double whammy for Ethereum. Read more to know - [Grayscale’s crypto trusts come under SEC lens](https://coinswitch.co/switch/crypto/grayscales-crypto-trusts-come-under-sec-lens/): Grayscale Investments has come under the lens of the US Securities and Exchange Commission (SEC). Here is what happened - [Ethereum to lose access to a critical cloud host](https://coinswitch.co/switch/crypto/ethereum-to-lose-access-to-a-critical-cloud-host/): Ethereum— the second largest crypto by market cap— might soon lose one of its primary cloud hosting service providers. read more - [Crypto market update: 29 August 2022](https://coinswitch.co/switch/crypto/market-update-august-29-2022/): Last week’s ‘Freaky Friday’ did come close to crashing the crypto market due to Fed chair Jerome Powell’s late-evening speech. Read more - [Police closes several crypto exchanges in Afghanistan](https://coinswitch.co/switch/crypto/police-closes-several-crypto-exchanges-in-afghanistan/): Another roadblock for crypto traders in Afghanistan has emerged as the country’s police forcefully closed down 16 cryptocurrency exchanges. - [Cardano Vasil hard fork closer to the update: IOHK](https://coinswitch.co/switch/crypto/cardano-vasil-hard-fork-closer-to-the-update-iohk/): Amid Ethereum’s much-anticipated Merge, Cardano has announced that its Vasil hard fork is now much closer than ever before. - [SolanaFM raises $4.5 million](https://coinswitch.co/switch/crypto/solanafm-raises-4-5-million/): SolanaFM, a blockchain explorer and indexing provider for Solana, has managed to secure $4.5 million in a seed funding round. - [Eminem and Snoop Dogg to bring metaverse-inspired performance to 2022 MTV awards](https://coinswitch.co/switch/crypto/eminem-and-snoop-dogg-to-bring-metaverse-inspired-performance-mtv-awards/): Eminem and Snoop Dogg are all set to bring the metaverse and NFTs to the MTV Video Music Awards (VMAs) on Sunday, 28 August 2022. - [Polygon founder raises $50 million for Web 3.0 development](https://coinswitch.co/switch/crypto/polygon-founder-raises-50-million-for-web-3-0-development/): Sandeep Nailwal, the founder of Polygon, has raised $50 million for Symbolic Capital, a startup fund devoted to Web 3.0 companies. - [Crypto market update: 26 August 2022](https://coinswitch.co/switch/crypto/crypto-market-update-august-26-2022/): The larger crypto market is looking steady at the moment. However, that may not last as the market is expected to be choppy today. - [Ethereum merge process to kick off on Sept. 6](https://coinswitch.co/switch/crypto/ethereum-merge-process-to-kick-off-on-sept-6/): The Ethereum Foundation officially confirmed the dates for the Merge on Wednesday, sharing details of what to expect as the transition to proof-of-stake gets underway. - [NFTs worth $100 mln stolen since 2021: Report](https://coinswitch.co/switch/crypto/nfts-worth-100-mln-stolen-since-2021-report/): A recent report on NFTs and Financial Crime published by crypto risk management firm Elliptic has revealed that since mid-2021, scammers stole NFTs worth over $100 million. - [In a first, MakerDAO lends out 100M DAI to US-based bank](https://coinswitch.co/switch/crypto/in-a-first-makerdao-lends-out-100m-dai-to-us-based-bank/): In March, Huntingdon Valley Bank, a community bank based in suburban Philadelphia, formally made a Collateral Onboarding Application, wherein they requested a $100 million loan from MakerDAO. - [Invesco launches $30 million metaverse fund](https://coinswitch.co/switch/crypto/invesco-launches-30-million-metaverse-fund/): Invesco, the US-based investment management company has announced its first metaverse-themed fund, officially making its foray into the Web3 space. - [Uniswap community votes for big protocol changes](https://coinswitch.co/switch/crypto/uniswap-community-votes-for-big-protocol-changes/): The proposal to set up the Uniswap Foundation garnered 99% of the total votes polled or 86 million in favor, with only 770 votes against. - [Crypto market update: 25 August 2022](https://coinswitch.co/switch/crypto/market-update-august-25-2022/): Bearish sentiment prevailed during Wednesday’s session due to lack of support from top coins and the absence of fresh cues from the global financial market. - [Crypto-familiar parents in the US want Web 3.0 in school curriculum](https://coinswitch.co/switch/crypto/us-parents-want-web-3-in-school-curriculum/): Study.com, spoke to parents and graduates about the exact Web 3.0 vertical that should be a part of the curriculum. Read more - [Near Protocol thwarts another hacking attempt; hackers pay](https://coinswitch.co/switch/crypto/near-protocol-thwarts-hacking-attempt/): Near Protocol managed to not only block an attack on its Rainbow Bridge; the attackers lost 5 ETH in the process. Read more - [Forum to speed up Web 3.0 adoption launched in India](https://coinswitch.co/switch/crypto/india-blockchain-forum-launched-to-drive-web-3-0-adoption/): A forum to promote Web 3.0 adoption was launched by Jayesh Ranjan, principal secretary, Government of Telangana. Read to know more. - [Indian app launches first video NFT marketplace](https://coinswitch.co/switch/crypto/chingari-launches-video-nft-marketplace/): Chingari—best known for its Solana native Gari token—has come up with a video NFT marketplace. Read more to know about it. - [Mark Cuban urges SEC to come up with clear crypto guidelines](https://coinswitch.co/switch/crypto/mark-cuban-asks-sec-for-clear-crypto-guidelines/): Billionaire investor Mark Cuban has come down heavily on Securities and Exchange Commission (SEC) Chairman Gary Gensler. Here is why - [Crypto market update: 24 August 2022](https://coinswitch.co/switch/crypto/market-update-august-24-2022/): the broader space has managed to buck the bearish trends, even if only marginally, to regain the $1 trillion market capitalization, up by 0.06% daily. - [Users cheer as the BTC transaction fee drops under $1](https://coinswitch.co/switch/crypto/users-cheer-as-btc-transaction-fee-drops-under-1/): The average transaction fees on the Bitcoin blockchain fell below $1 for the first time in over two years. - [CryptoPunks edge past BAYC amid a slide in NFT prices](https://coinswitch.co/switch/crypto/cryptopunks-edge-past-bayc-amid-slide-in-nft-prices/): CryptoPunks NFTs is currently higher than that of BAYC NFTs. The Punks are winning over the Apes in the race to dominate the NFT marketplace. - [Telegram founder moots new marketplace to sell usernames](https://coinswitch.co/switch/crypto/telegram-founder-moots-new-marketplace-to-sell-usernames/): Encrypted messaging app Telegram is planning to launch a new marketplace to utilize NFT-like smart contracts to auction popular usernames. - [Top Ethereum mining pool to drop PoW post-merge](https://coinswitch.co/switch/crypto/top-ethereum-mining-pool-to-drop-pow-post-merge/): Ethermine, the world’s largest Ethereum mining pool, has decided to drop Ethereum Proof-of-Work (PoW) mining after the merge. - [South Korea bets big on crypto; 7 firms bid to set up exchanges](https://coinswitch.co/switch/crypto/south-korea-bets-big-on-crypto-7-firms-bid-to-set-up-exchanges/): It appears South Korea is betting big on crypto as seven companies filed to establish exchanges for Bitcoin and other cryptos. - [Crypto market update: 23 August 2022](https://coinswitch.co/switch/crypto/market-update-august-23-2022/): The crypto market is recovering from the weekend dip and top cryptos are mostly trading in the red, with Bitcoin trading below $22,000. - [GameStop’s NFT marketplace daily fee revenue falls below $4,000](https://coinswitch.co/switch/crypto/gamestops-nft-marketplace-daily-fee-revenue-falls-below-4000/): , GameStop’s NFT marketplace has recorded its daily fee revenue from the sale of NFT plummeting below $4,000. - [General Bytes Bitcoin ATMs hacked through zero-day bug attack](https://coinswitch.co/switch/crypto/general-bytes-bitcoin-atms-hacked-through-zero-day-bug-attack/): Bitcoin ATM manufacturer, General Bytes has confirmed that its Bitcoin ATMs were compromised due to a zero-day attack on 18 August 2022. - [Jharkhand becomes the first state to use blockchain to distribute seeds to farmers](https://coinswitch.co/switch/crypto/jharkhand-becomes-the-first-state-to-use-blockchain-to-distribute-seeds-to-farmers/): Jharkhand state’s Directorate of Agriculture has partnered with blockchain startup SettleMint to help distribute seeds to farmers. - [Euphoria around The Merge takes ETH 2.0 deposits to all-time high levels](https://coinswitch.co/switch/crypto/eth-2-0-deposits-to-all-time-high-levels/): there has been a rise in the number of staked ETH tokens on the ETH 2.0 staking contract. According to Etherscan.io, the number of staked ETH tokens has increased to 13.3 million tokens—the highest level on record. - [Tether quarterly disclosures show a 58% decrease in commercial paper holdings](https://coinswitch.co/switch/crypto/tether-quarterly-disclosures-show-a-58-decrease-in-commercial-paper-holdings/): A new report from Tether has revealed that the blockchain network has reduced its exposure in commercial paper holdings by over 58% over the previous quarter. - [Crypto market update: 22 August 2022](https://coinswitch.co/switch/crypto/market-update-august-22-2022/): Over the weekend, the crypto market cracked by close to 9%. The total market cap was down by around $100 billion. - [Terra Luna effect: Singapore firm Hodlnaut seeks legal protection](https://coinswitch.co/switch/crypto/terra-luna-effect-singapore-firm-hodlnaut-seeks-legal-protection/): Crypto lender Hodlnaut disclosed massive layoffs and has applied to be placed under judicial management, citing its bleak financial position. - [Ripple to offer faster cross-border payments in Brazil](https://coinswitch.co/switch/crypto/ripple-to-offer-faster-cross-border-payments-in-brazil/): Ripple is set to facilitate fast and cost-effective cross-border transactions in Brazil with RippleNet's On-Demand Liquidity (ODL). - [Aussie soccer league NFTs sold out in 12 hours flat](https://coinswitch.co/switch/crypto/aussie-soccer-league-nfts-sold-out-in-12-hours-flat/): The NFT collection from the Australian Football League (AFL), dubbed Ripper Skipper 2022, sold out in 12 hours flat. - [CME Group to launch ETH options ahead of Merge](https://coinswitch.co/switch/crypto/cme-group-to-launch-eth-options-ahead-of-merge/): Chicago-based derivatives exchange CME Group, plans to launch options on trading for its Ether (ETH) futures products shortly. - [Chinese miner posts profit despite crypto ban](https://coinswitch.co/switch/crypto/chinese-miner-posts-profit-despite-crypto-ban/): Chinese miner Canaan registered a 117% increase in gross profit in the quarter, about $139 million in USD terms. - [Crypto market update: 19 August 2022](https://coinswitch.co/switch/crypto/market-update-august-19-2022/): It is a mixed session for the broader crypto market. BTC fell 0.55% in yesterday's session extending its losing streak to five sessions. - [BNB Chain to launch Web 3.0 development course across Latin America](https://coinswitch.co/switch/crypto/bnb-chain-to-launch-web-3-0-development-course-across-latin-america/): BNB Chain has collaborated with Platzi, a Latin America-focused education platform, to launch a Web 3.0 development course for the region in 2022. - [Ethereum upgrades and corresponding price actions: Everything investors need to know](https://coinswitch.co/switch/crypto/ethereum-upgrades-and-corresponding-price-actions/): Ethereum will soon adopt Proof of Stake, which will change how the network verifies transactions. Read about new Ethereum upgrades and how they will impact investors. - [After Tether, Aave calls on members to support the Merge](https://coinswitch.co/switch/crypto/after-tether-aave-calls-on-members-to-support-the-merge/): Aave has issued what is known as an ARC. This essentially means Aave is urging its members to choose the Ethereum mainnet running on PoS as the new go-to governance system. - [Rare Bored Ape NFT sells for $1.5 million!](https://coinswitch.co/switch/crypto/rare-bored-ape-nft-sells-for-1-5-million/): An NFT collector and BAYC superfan going by the name of Vis.eth has managed to bag a rare NFT. Vis.eth added the valuable Bored Ape #5383 to his collection for 777 ETH (approximately $1.5 million). - [Fewer fall prey to crypto scams, but hacking-related illicit activities on the rise: Chainalysis report](https://coinswitch.co/switch/crypto/fewer-fall-prey-to-crypto-scam-chainalysis-report/): opular blockchain data platform Chainalysis has released a mid-year crypto crime update report. The report presents data about crypto crimes in July 2022 (compared to the previous year). Here is what it has to say. - [Crypto market update: 18 August 2022](https://coinswitch.co/switch/crypto/market-update-august-18-2022/): After a bullish start to the week, the crypto market witnessed a bit of a sell-off during yesterday’s session. The total market cap of the crypto market went down by close to $50 billion. And Bitcoin is trading below the $23,500 level, down by 2.32% in the last 24 hours. - [Nigeria leads the world in crypto curiosity](https://coinswitch.co/switch/crypto/nigeria-leads-the-world-in-crypto-curiosity/): According to a study released by CoinGecko, Africa’s most populous economy— Nigeria— takes the lead in terms of global crypto curiosity. - [Buenos Aires to run Ethereum’s post-merge validator nodes](https://coinswitch.co/switch/crypto/buenos-aires-to-run-ethereum-post-merge-validator-nodes/): Buenos Aires—an Argentine city with high crypto adoption—has decided to set up validator nodes by 2023. Know more here: - [Polygon surpasses Solana by TVL](https://coinswitch.co/switch/crypto/polygon-surpasses-solana-by-tvl/): Polygon edged past Solana to claim the fifth position in the DeFi space. Read more to know everything that went down. - [Jump Crypto has a plan to make Solana great again](https://coinswitch.co/switch/crypto/jump-crypto-to-fix-solana/): Jump Crypto—a trading firm builder—has taken the initiative to improve the network’s reliability and throughput. Know more - [Samsung leads investments in blockchain: Report](https://coinswitch.co/switch/crypto/alphabet-tops-investments-in-blockchain/): According to a research report released by Blockdata, Alphabet— tops the list when it comes to blockchain-friendly investments. Know more - [Crypto market update: 17 August 2022](https://coinswitch.co/switch/crypto/market-update-august-17-2022/): The broader crypto market continues to trade in the green, registering a 2.99% uptick at the time of writing. Read more to know more: - [Axie Infinity is changing its rewards system](https://coinswitch.co/switch/crypto/axie-infinity-is-changing-its-rewards-system/): Axie Infinity is changing the rewards system and removing one of its native tokens, Smooth Love Potions (SLP), from the classic gameplay. - [Another crypto trading platform for Brazil](https://coinswitch.co/switch/crypto/another-crypto-trading-platform-for-brazil/): Another crypto trading platform XTAGE launched in Brazil. The platform by XP Inc. could bring 3.6 million users into the crypto market. - [Polkadot-based stablecoin depegs after a breach](https://coinswitch.co/switch/crypto/polkadot-based-stablecoin-depegs-after-a-breach/): Stablecoin Acala Dollar (AUSD), a Polkadot-based stablecoin, lost its parity with the US dollar following a breach over the weekend. - [Galaxy Digital terminates BitGo acquisition](https://coinswitch.co/switch/crypto/galaxy-digital-terminates-bitgo-acquisition/): The global crypto industry’s first $1 billion dissolves after Galaxy Digital announced that it terminated the acquisition of BitGo. - [ETH whale transfers 1,45,000 ETH after three years of inactivity](https://coinswitch.co/switch/crypto/eth-whale-transfers-145000-eth-after-three-years-of-inactivity/): An Ethereum (ETH) whale wallet transferred 1,45,000 ETH on 14 August 2022 which is concerning the ETH community. - [Crypto market update: 16 August 2022](https://coinswitch.co/switch/crypto/crypto-market-update-august-16-2022/): Bitcoin dropped by 0.87% yesterday. Ethereum followed with a 1.7% fall, losing ground after breaking through the $2,000 barrier recently. - [Solana says network healthy, days after the hack](https://coinswitch.co/switch/crypto/solana-network-healthy-after-hack/): On 10 August 2022, Solana Foundation released a detailed report about the health of its validator network, via a tweet thread. Read more: - [AAVE focuses on protocol funding after stablecoin approval](https://coinswitch.co/switch/crypto/aave-focuses-on-protocol-funding/): After getting its stablecoin (GHO) approved by the community, AAVE—a reputed DeFi and yield farming platform—is now looking V3 funding. - [Strike’s new Visa card lets users earn crypto rewards](https://coinswitch.co/switch/crypto/strike-visa-card-for-crypto-rewards/): Strike, a popular crypto payment app built atop the Bitcoin Lightning Network plans to dive into the Visa card space. - [Ethereum developers open up about the ‘Merge’ dates](https://coinswitch.co/switch/crypto/ethereum-developers-reveal-merge-dates/): Ethereum developers revealed the merge dates over the ‘Consensus Layer’ call on 11 August 2022. Read more to know the details. - [Curve Finance keeps faith in ENS domains after frontend hack](https://coinswitch.co/switch/crypto/curve-finance-recommends-ens/): Curve Finance put out a tweet, suggesting users move to Ethereum Name Service (ENS) domains instead of sticking with DNS after the hack. - [Crypto market update: 12 August 2022](https://coinswitch.co/switch/crypto/market-update-august-12-2022/): The last 24 hours saw the broader crypto market correcting a bit—dipping by a marginal 1.01%. Read more to know how the market behaved. - [Ripple expresses interest in buying Celsius assets](https://coinswitch.co/switch/crypto/ripple-expresses-interest-in-buying-celsius-assets/): Ripple Labs has shown interest in purchasing assets of bankrupt crypto lender Celsius Network. - [Ethereum’s third and final testnet is live ](https://coinswitch.co/switch/crypto/ethereums-third-and-final-testnet-is-live/): The third and final Ethereum testnet, Goerli, is now live. Goerli was the last of three public testnets before The Merge. - [Polygon now has over 37,000 dApps!](https://coinswitch.co/switch/crypto/polygon-now-has-over-37000-dapps/): The number of dApps on Polygon now surpasses 37,000—a 400% increase since the beginning of the year. - [Nvidia steps up effort to make metaverse more realistic ](https://coinswitch.co/switch/crypto/nvidia-steps-up-effort-to-make-metaverse-more-realistic/): Nvidia unveiled a new set of metaverse-focused developer tools, including new AI capabilities, simulations, and other creative assets. - [Iran takes to using crypto for imports ](https://coinswitch.co/switch/crypto/iran-takes-to-using-crypto-for-imports/): Iran has placed its first import order using crypto. The order was placed using $10 million worth of crypto. - [Crypto market update: 11 August 2022](https://coinswitch.co/switch/crypto/crypto-market-update-august-11-2022/): Ether (ETH) leads the market with a 7.52% jump, as Goerli sways the market sentiment and provides strong support. - [Number of bitcoin ATMs: 39,000, and counting](https://coinswitch.co/switch/crypto/number-of-bitcoin-atms-39000-and-counting/): There seems no holdback in the installation of bitcoin ATMs worldwide. According to coinatmradar.com, the number of bitcoin ATMs surpassed the 39,000 mark on August 8, 2022. - [Mainstream crypto adoption seen to grow in the next two years](https://coinswitch.co/switch/crypto/deloitte-sees-mainstream-crypto-adoption-growing-in-the-next-two-years/): a new survey conducted by Deloitte in the US found that crypto adoption will continue to grow in the next two years. - [Tether, too, backs Ethereum’s proof-of-stake transition](https://coinswitch.co/switch/crypto/tether-too-backs-ethereums-proof-of-stake-transition/): Tether, the issuer of the world’s largest stablecoin, USDT, which has a circulating supply of 66.65 billion USDT, has confirmed its support for Ethereum’s proof-of-stake transition. - [Website of DeFi protocol Curve hacked; $570k stolen](https://coinswitch.co/switch/crypto/website-of-defi-protocol-curve-hacked-570k-stolen/): The primary website of decentralized crypto exchange Curve.Finance got compromised in the latest instance of hacker exploits of crypto platforms. - [Reserve Bank of Australia to study use cases of CBDC](https://coinswitch.co/switch/crypto/reserve-bank-of-australia-to-study-use-cases-of-cbdc/): The Reserve Bank of Australia on Tuesday said it is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) to explore use cases of central bank digital currency (CBDC) in the country. - [Crypto market update: 10 August 2022](https://coinswitch.co/switch/crypto/crypto-market-update-august-10-2022/): The crypto market reversed its momentum in Tuesday’s session and turned bearish, even as the total market cap dropped from $1.12 trillion to $1.08 trillion. - [Gaming platform MetaverseGo raises $4.2 million](https://coinswitch.co/switch/crypto/gaming-platform-metaversego-raises-4-2-million/): MetaverseGo raises $4.2 million seed funding round. Funds to be used for software development, hiring, and onboarding blockchain-based games. - [CoinSwitch launches corporate venture capital initiative, Web3 Discovery Fund ](https://coinswitch.co/switch/crypto/coinswitch-launches-corporate-venture-capital-initiative-web3-discovery-fund/): CoinSwitch Web3 Discovery Fund will invest in early-stage startups that are trying to build blockchain solutions in the Web3 landscape. - [Dogecoin is more promising than Cardano: Mark Cuban](https://coinswitch.co/switch/crypto/dogecoin-is-more-promising-than-cardano-mark-cuban/): Mark Cuban says that Dogecoin has more applications than Cardano interview with YouTube channel AltcoinDaily. - [Crypto.com acquires startups in South Korea](https://coinswitch.co/switch/crypto/crypto-com-acquires-startups-in-south-korea/): Crypto.com has recently acquired two companies in the country and secured registration under the Electronic Financial Transaction Act. - [US Treasury Department blacklists Tornado Cash for alleged money laundering](https://coinswitch.co/switch/crypto/us-treasury-department-blacklists-tornado-cash-for-alleged-money-laundering/): The US Treasury Department imposed sanctions on Tornado Cash accusing it of laundering billions of dollars in virtual currency. - [Crypto market update: 9 August 2022 ](https://coinswitch.co/switch/crypto/crypto-market-update-august-9-2022/): The crypto market is off to a good start this week, led by Ethereum (ETH) and Polkadot (DOT). Polkadot saw a 7.3% rise. - [TownSquare wins Bengaluru’s 24-hour blockchain hackathon](https://coinswitch.co/switch/crypto/townsquare-wins-bengalurus-24-hour-blockchain-hackathon/): Building Future Cities,’ a blockchain hackathon jointly organized by Startup Karnataka, Bengaluru South MP Tejasvi Surya, and CoinSwitch concluded in Bengaluru on August 6, 2022. - [Coca-Cola extends a friendly hand with NFT airdrops on Polygon](https://coinswitch.co/switch/crypto/coca-cola-extends-a-friendly-hand-with-nft-airdrops-on-polygon/): Big brands keep furthering their Web 3. 0 vision at every chance, and Coca-Cola is no different. On August 7,... - [Netflix’s Gray Man has a metaverse avatar](https://coinswitch.co/switch/crypto/netflixs-gray-man-has-a-metaverse-avatar/): The Gray Man, an action movie starring Dhanush and Ryan Gosling, will now have a presence in the metaverse. Read more to know more - [Tiffany-branded NFTs sell out in 20 minutes flat](https://coinswitch.co/switch/crypto/tiffany-branded-nfts-sell-out-in-20-minutes-flat/): Tiffany unveiled the collection last Friday, only to see every NFTiff getting sold within the first 20 minutes. read more here - [Beanstalk bounces back, relaunches stablecoin](https://coinswitch.co/switch/crypto/beanstalk-bounces-back-relaunches-stablecoin/): Beanstalk is a credit-based stablecoin project with BEAN being its native token. And it is making a comeback after a hack in April. - [Crypto Market Update: 8 August 2022](https://coinswitch.co/switch/crypto/crypto-market-update-august-8-2022/): The broader crypto market has a positive start to the week, up by 1.66% at the time of writing. Read more know how the key cryptos are moving. - [Crypto payment adoption on the rise among global hires: Deel Report](https://coinswitch.co/switch/crypto/crypto-payment-adoption-on-the-rise-among-global-hires-deel-report/): According to a recent report by Deel, there is a rise in the number of global hires wanting to be paid in crypto. - [Jack Dorsey’s Block beats Q2 projections despite falling BTC revenues](https://coinswitch.co/switch/crypto/jack-dorseys-block-beats-q2-projections-despite-falling-btc-revenues/): Jack Dorsey-led Block Inc., a market leader in digital payments, has reported a 29% bump in year-on-year earnings, despite BTC falling. - [Crypto fundraising in 2022 H1 bests 2021 as a whole](https://coinswitch.co/switch/crypto/crypto-fundraising-in-2022-h1-bests-2021-as-a-whole/): Messari and Dove Metrics’ new crypto fundraising report has thrown up some interesting results with focus on CeFi, deFi, and NFTs. - [Tinder left swipes metaverse adoption, ghosts digital tokens](https://coinswitch.co/switch/crypto/tinder-left-swipes-metaverse-adoption-ghosts-digital-tokens/): Tinder—a well-known dating platform—has decided to not go down the metaverse route. Keep reading to know more - [Meta widens its NFT rollout plan, adds wallet support](https://coinswitch.co/switch/crypto/meta-widens-its-nft-rollout-plan-adds-wallet-support/): According to Meta Newsroom’s Twitter handle, Mark Zuckerberg has announced that Instagram is starting to roll out NFTs to a wider audience - [Crypto market update: 5 August 2022](https://coinswitch.co/switch/crypto/market-update-5-august-2022/): Friday begins with the crypto market in green—an uptick of 0.83% at release. The broader space looks robust for now. Read more to know: - [English football club to accept Bitcoin payments](https://coinswitch.co/switch/crypto/english-football-club-to-accept-bitcoin-payments/): The English football club, Oxford City will now be accepting Bitcoin (BTC) payments at its RAW Charging Stadium. Fans will be able to buy match tickets and pay for food and drinks using BTC. However, other traditional payment options are still available. - [ENS domain registration surged in July; 3 lakh plus .eth unique addresses added](https://coinswitch.co/switch/crypto/ens-domain-registration-surged-in-july-3-lakh-plus-eth-unique-addresses-added/): The number of Ethereum Name Service (ENS) domain registrations has skyrocketed. The total number of users registered in 2022 touched 1.89 million. Last month (July 2022), as many as 3,78,000 new .eth names were added to the Ethereum blockchain. - [Starbucks to integrate Web 3.0 into its popular rewards and loyalty program](https://coinswitch.co/switch/crypto/starbucks-to-integrate-web-3-0-into-its-popular-rewards-and-loyalty-program/): Multinational coffeehouse chain Starbucks Corporation is preparing to launch a Web 3.0 rewards program. The company plans to unveil its roadmap for the program during its annual Investor Day event in Seattle, on September 13. - [Crypto ATMs to reappear in Japan](https://coinswitch.co/switch/crypto/crypto-atms-to-reappear-in-japan/): On 2 August 2022, local crypto exchange firm Gaia Co. Ltd. has announced that it will soon roll out the ATMs—locally known as BTMs—in the country. - [US bill to clarify crypto regulations introduced](https://coinswitch.co/switch/crypto/us-bill-to-clarify-crypto-regulations-introduced/): The Digital Commodities Consumer Protection Act of 2022 will define Bitcoin and Ether as digital commodities and has given powers to US Commodities Futures Trading Commission (CFTC) to regulate the digital commodities. - [Crypto Market update: 4 August 2022](https://coinswitch.co/switch/crypto/market-update-august-4-2022/): In the last 24 hours, the total crypto market capitalization went up by over $22 billion and is currently hovering around $1.07 trillion. Support to the crypto market also came from upbeat US economic data and corporate earnings, which helped Nasdaq rise by 2.59%. - [BTC’s slump leads to a surge in the number of Bitcoin wholecoiners](https://coinswitch.co/switch/crypto/btcs-slump-leads-to-a-surge-in-the-number-of-bitcoin-wholecoiners/): The number of BTC "wholecoiners"—Bitcoin wallet that holds a whole Bitcoin—surged by 40,000 since the June slump.  - [Gucci to accept ApeCoin payments in its US stores](https://coinswitch.co/switch/crypto/gucci-to-accept-apecoin-payment-in-its-us-stores/): Italian fashion giant Gucci has become the first major brand to accept ApeCoin (APE) payment. - [Michael Saylor quits as MicroStrategy’s CEO](https://coinswitch.co/switch/crypto/michael-saylor-quits-as-microstrategys-ceo/): Michael Saylor is stepping down as CEO of MicroStrategy after the company reported a loss of $918.1 million in the second quarter. - [Solana wallets breached in multi-million dollar hack](https://coinswitch.co/switch/crypto/solana-wallets-breached-in-multi-million-dollar-hack/): Solana Network was hacked with 8000 crypto wallets attacked, wiping out millions. Follow CoinSwitch closely and will keep you updated on all Crypto news. - [Now, the Shiba Inu game has a name](https://coinswitch.co/switch/crypto/now-the-shiba-inu-game-has-a-name/): Shiba Inu game is called Shiba Eternity, and it will be available on Apple’s App Store and Google Play Store. - [Goa police to tap into blockchain technology to improve record-keeping](https://coinswitch.co/switch/crypto/goa-police-to-tap-into-blockchain-technology-to-improve-record-keeping/): The Goa police department to launch a paperless record-keeping system that will use blockchain technology to enhance security and transparency. - [Crypto market update: 3 August 2022](https://coinswitch.co/switch/crypto/market-update-august-3-2022/): The broader crypto market remains flat, with the top 10 cryptos having a mixed session. Bitcoin (BTC) failed to revisit... - [FC Barcelona’s first-ever NFT sale nets $693,000](https://coinswitch.co/switch/crypto/fc-barcelonas-first-ever-nft-sale-nets-693000/): FC Barcelona auctioned its first-ever NFT for $693,000 at a Sotheby’s auction in New York on July 29. - [Shot in the arm: Tether supply increases after steady decline](https://coinswitch.co/switch/crypto/shot-in-the-arm-tether-supply-increases-after-steady-decline/): The circulating supply of Tether (USDT) has expanded after three months of steady decline. Total market cap from $65.8 billion to $66.33 billion, giving it a total market share of 43% among stablecoins. - [Honduras woos tourists with Bitcoin payment option](https://coinswitch.co/switch/crypto/honduras-woos-tourists-with-bitcoin-payment-option/): Honduras has launched Bitcoin Valley to boost crypto tourism. The small tourist town will accept payments in Bitcoins, which is expected to boost tourism revenue for about 60 local businesses. - [Europe leads in blockchain VC funding in Q2](https://coinswitch.co/switch/crypto/europe-leads-in-blockchain-vc-funding-in-q2/): Europe seems to be bucking the declining trend in global blockchain venture funding in the second quarter. According to a... - [Charles Schwab’s investment arm to launch crypto-themed ETF in the US](https://coinswitch.co/switch/crypto/charles-schwabs-investment-arm-to-launch-crypto-themed-etf-in-the-us/): Schwab Asset Management, which has over $655 billion in assets under management, is set to launch its first crypto-themed exchange-traded fund (ETF) in the US. - [Crypto Market update: 2 August 2022](https://coinswitch.co/switch/crypto/market-update-august-2-2022/): August began on a weak note for cryptos as Bitcoin (BTC) and Ether (ETH) failed to break above their key resistance levels. The broader crypto market fell by over 4.2% in the last 24 hours. - [Vitalik Buterin expresses skepticism about corporate metaverses](https://coinswitch.co/switch/crypto/vitalik-buterin-expresses-skepticism-about-corporate-metaverses/): The latest tweets by Vitalik Buterin—co-founder of Ethereum—suggest that he seems to be skeptical about corporate forays into metaverses. - [Cardano Vasil Upgrade delayed again](https://coinswitch.co/switch/crypto/cardano-vasil-upgrade-delayed-again/): Initially scheduled to roll out on 29 June 2022, Vasil encountered seven bugs during the testing phase. Know more about this. - [Tiffany & Co. to present NFT-backed pendants](https://coinswitch.co/switch/crypto/tiffany-co-to-present-nft-backed-pendants/): Jewelry firm Tiffany & Co. plans to launch NFT-backed diamond and gemstone pendants. The campaign is only for CryptoPunk holders. - [Aave’s plan to launch an algorithmic stablecoin gets the DAO nod](https://coinswitch.co/switch/crypto/aaves-plan-to-launch-an-algorithmic-stablecoin-gets-the-dao-nod/): Aave, a reputed DeFi protocol, is now introducing a new algorithmic stablecoin called GHO. Read more to know the concept driving it. - [NFT sales drop in July; OpenSea still leads](https://coinswitch.co/switch/crypto/nft-sales-drop-in-july-opensea-still-leads/): NFT sales have dropped in July. Despite the NFT marketplace volume scaling new heights in January, July hasn't been all that good. Know more - [Crypto Market update: 1 August 2022](https://coinswitch.co/switch/crypto/market-update-august-1-2022/): We are expecting August to be a decent month of crypto. Here is how the crypto market looks on 1st of August 2022. - [7 Slices of Ethereum Birthday Cake](https://coinswitch.co/switch/crypto/7-slices-of-ethereum-birthday-cake/): The world’s second-largest crypto asset Ethereum celebrating its 7th birthday on the 30th of July. To know more details about Ethereum's birthday, follow the Coinswitch blog. - [Why Bitcoin prices don’t matter](https://coinswitch.co/switch/crypto/why-bitcoin-prices-dont-matter/): In recent months, Bitcoin fell by 61% and created panic in the crypto market but it doesn't matter a lot, according to experts. Read and understand why Bitcoin prices don't matter. - [Why are crypto assets so volatile?](https://coinswitch.co/switch/crypto/why-are-crypto-assets-so-volatile/): Volatility is part of the basic nature of an asset. It helps to understand the crypto market on a daily basis. Read more about crypto volatility and its importance. - [Why you should invest in crypto in India](https://coinswitch.co/switch/crypto/why-you-should-invest-in-crypto-in-india/): Check out the top reasons why you should invest in crypto, what are the benefits of investing, major risk factors, things to consider before investing, and other details. - [Cryptocurrencies: How to invest in India](https://coinswitch.co/switch/crypto/cryptocurrencies-how-to-invest-in-india/): Learn about what is cryptocurrency exchange, difference between centralized and decentralized currency exchanges and how to select the right crypto exchange. - [What are cryptocurrency exchanges?](https://coinswitch.co/switch/crypto/what-are-cryptocurrency-exchanges/): Learn about cryptocurrency exchanges, the differences between centralized and decentralized currency exchanges, and how to select the right crypto exchange. - [What are NFTs?](https://coinswitch.co/switch/crypto/what-are-nfts/): NFT is a digital asset stored in a blockchain. Each NFT comes with its unique identification code and metadata. One use of an NFT is that it can represent the value of a product (art or otherwise) and can thus eliminate intermediaries. - [What is Bitcoin Cash?](https://coinswitch.co/switch/crypto/what-is-bitcoin-cash/): Read on to learn more about what is bitcoin cash and how does it works. Also check difference between BTC and BCH, pros & cons of Bitcoin Cash and how to buy BCH with coinswitch. - [What makes the crypto market different from the stock market?](https://coinswitch.co/switch/crypto/crypto-market-vs-stock-market/): Read all about the differences between cryptocurrencies and stocks including the agreements, the risks and the potential. Use this guide to learn what separates the two kinds of investments! - [Everything you need to know about short-term investments](https://coinswitch.co/switch/personal-finance/everything-about-short-term-investment/): Short term investments are marketable securities that can easily be liquidated within five years. Know more about various options with CoinSwitch. - [What is Web 3.0?](https://coinswitch.co/switch/crypto/what-is-web-3-0/): What is Web 3.0: Learn about Web 3.0 and how it works in cryptocurrency, the evolution of Web 3.0, Web 3.0 and blockchains, Web 3.0 applications, Web 3.0 use cases, and other details. - [Understanding Ethereum price prediction](https://coinswitch.co/switch/crypto/ethereum-price-prediction/): Ethereum prices are very volatile. Changes in Ethereum prices can be disheartening. Here's a guide that will help you understand Ethereum price prediction. - [What is liquidity?](https://coinswitch.co/switch/personal-finance/what-is-liquidity/): Financial liquidity refers to the ability to convert assets to cash, the fluidity of the market, or the security of a company's financial position. Read more about liquidity and how it works. - [What is EIP-1559? How is it impacting Ethereum?](https://coinswitch.co/switch/crypto/what-is-eip-1559/): EIP-1559 is a proposal aimed at improving and increasing the transaction speed of Ethereum mining by using hybrid systems. Read to understand how will it affect ETH price. - [Bull vs. bear markets: An explainer](https://coinswitch.co/switch/crypto/bull-vs-bear-market/): When it comes to understanding bull vs bear market, the right hand rule is Bull means growth while bear is just the opposite. Understanding when to invest is the key. Read more to know more! - [Top 5 smart contract projects in 2023](https://coinswitch.co/switch/crypto/top-5-smart-contract-projects/): Among all the new crypto projects, smart contract ones are the most interesting. So let’s dive in and find out the top 5 smart contract projects. - [What are Smart Contracts?](https://coinswitch.co/switch/crypto/what-are-smart-contracts/): Smart contracts are programs that run on blockchains like Bitcoin & Ethereum to execute an agreement. Learn how they work & popular use cases, like as DeFi & NFTs - [What is Dogecoin mining?](https://coinswitch.co/switch/crypto/what-is-dogecoin-mining/): Dogecoin has become one of the top cryptocurrencies in the market. Read on for an exclusive guide on how to mine dogecoin and start your crypto journey. - [How to build a good investment portfolio](https://coinswitch.co/switch/personal-finance/how-to-build-a-good-investment-portfolio/): A good portfolio is the key to a successful investment strategy. Here, we offer a complete beginner's guide to investing, from how to start investing and choosing stocks to asset allocation. - [What is Bitcoin mining?](https://coinswitch.co/switch/crypto/what-is-bitcoin-mining/): Bitcoin Mining is the backbone of the Bitcoin network. Without miners, there would be no Bitcoin or blockchain. This blog will introduce you to what Bitcoin mining is and how you can mine Bitcoin. - [How CBDCs and stablecoins will impact the crypto market](https://coinswitch.co/switch/crypto/how-cbdcs-and-stablecoins-will-impact-crypto-market/): Learn about How will CBDCs and stablecoins going to impact the crypto market. What are the different types of CBSCs and Stablecoin and also difference between CBDCs and stablecoin. - [What is Bitcoin Taproot Upgrade, and what is its effect on investors?](https://coinswitch.co/switch/crypto/what-is-bitcoin-taproot-upgrade/): The Taproot update means greater transaction privacy at efficiency and crucially, it will unlock the potential for smart contracts. Read more about Bitcoin Taproot upgrade and its impact on investors. - [What is cryptocurrency mining?](https://coinswitch.co/switch/crypto/what-is-cryptocurrency-mining/): The cryptocurrency mining process is now incredibly simple. In this article, we will cover how to mine cryptocurrencies such as Bitcoin, Ethereum, Doge and more. - [How to buy Cardano in India](https://coinswitch.co/switch/crypto/steps-to-buy-cardano-in-india/): Cardano (ADA) cryptocurrency is a very popular coin which is listed on multiple exchanges. Learn how to buy cardano in India with this step by step guide at CoinSwitch. - [Is crypto banned in India?](https://coinswitch.co/switch/crypto/is-crypto-banned-in-india/): Is crypto banned in India? Read on to learn more about Indian laws for buying crypto, taxation on crypto trading and other important details. - [How to buy TRON](https://coinswitch.co/switch/crypto/how-to-buy-tron/): Tron (TRX) cryptocurrency is very popular coin which is listed on more than 130 exchanges. Learn how to buy Tron with step by step guide at CoinSwitch. - [What are memecoins?](https://coinswitch.co/switch/crypto/what-are-meme-coins/): Memecoins are cryptocurrencies that draw inspiration from internet jokes and memes. Read on to learn more about memecoins and how they work. - [What is Bitcoin, and how does it work?](https://coinswitch.co/switch/crypto/what-is-bitcoin/): If you've heard of Bitcoin, but are not really sure what it is or how to use it, then this article is for you. Read to learn more about Bitcoin and how to buy it - [Different Types of cryptocurrencies](https://coinswitch.co/switch/crypto/what-are-different-types-of-cryptocurrencies/): Understanding the types of cryptocurrencies can be daunting when there are 2000+ of them. Here's a complete breakdown of different types of coins for you. - [How much should you invest in Bitcoin?](https://coinswitch.co/switch/crypto/how-much-should-you-invest-in-bitcoin/): Know more about how much you should invest in Bitcoin. Factors to consider before investing: where to invest, the minimum amount required, and other details. - [The future of cryptocurrencies](https://coinswitch.co/switch/crypto/future-of-cryptocurrency/): Cryptocurrencies have emerged as an attractive investment option in recent years. Know more about the future of cryptocurrency and factors that could impact its future. - [How to choose a crypto trading platform in India?](https://coinswitch.co/switch/crypto/how-to-choose-your-crypto-trading-platform-in-india/): Learn how to choose crypto trading platform in India. What are the things to consider before choosing? - [What is zero-based budgeting?](https://coinswitch.co/switch/personal-finance/what-is-zero-based-budgeting/): Zero-Based Budgeting is an easy and effective budgeting technique used for planning your personal finances. The template it provides can be of great help to people of all income brackets. - [What is crypto risk management?](https://coinswitch.co/switch/crypto/what-is-crypto-risk-management/): When trading crypto there is a high probability you will experience significant losses, that's why crypto risk management has become a necessity. Here’s how to manage risk --- # # Detailed Content ## Pages ### India's Crypto Portfolio 2024 - Published: 2025-02-25 - Modified: 2025-02-25 - URL: https://coinswitch.co/switch/indias-crypto-portfolio-2024/ Previous Next Download --- ### bitcoin-halving-price-2024 - Published: 2024-02-16 - Modified: 2024-04-23 - URL: https://coinswitch.co/switch/bitcoin-halving-price-2024/ /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-heading-title{padding:0;margin:0;line-height:1}. elementor-widget-heading . elementor-heading-title>a{color:inherit;font-size:inherit;line-height:inherit}. elementor-widget-heading . elementor-heading-title. elementor-size-small{font-size:15px}. elementor-widget-heading . elementor-heading-title. elementor-size-medium{font-size:19px}. elementor-widget-heading . elementor-heading-title. elementor-size-large{font-size:29px}. elementor-widget-heading . elementor-heading-title. elementor-size-xl{font-size:39px}. elementor-widget-heading . elementor-heading-title. elementor-size-xxl{font-size:59px}Will 2024 Bitcoin Halving Drive Crypto Prices? Bitcoin halving is a defining feature of the pioneering crypto. It plays a key role in ensuring that Bitcoin remains valuable over a long period of time. This article will examine Bitcoin halving, how it works, and why it matters. Will The Upcoming Bitcoin Halving Drive Crypto Prices? Countdown Begins for Bitcoin Halving 2024 /*! elementor-pro - v3. 7. 1 - 16-05-2022 */ . elementor-widget-countdown . elementor-countdown-expire--message{display:none;padding:20px;text-align:center}. elementor-widget-countdown . elementor-countdown-wrapper{-webkit-box-orient:horizontal;-webkit-box-direction:normal;-ms-flex-direction:row;flex-direction:row}. elementor-widget-countdown . elementor-countdown-item{padding:20px 0;text-align:center;color:#fff}. elementor-widget-countdown . elementor-countdown-digits,. elementor-widget-countdown . elementor-countdown-label{line-height:1}. elementor-widget-countdown . elementor-countdown-digits{font-size:69px}. elementor-widget-countdown . elementor-countdown-label{font-size:19px}. elementor-widget-countdown. elementor-countdown--label-block . elementor-countdown-wrapper{display:-webkit-box;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center;margin-right:auto;margin-left:auto}. elementor-widget-countdown. elementor-countdown--label-block . elementor-countdown-digits,. elementor-widget-countdown. elementor-countdown--label-block . elementor-countdown-label{display:block}. elementor-widget-countdown. elementor-countdown--label-block . elementor-countdown-item{-ms-flex-preferred-size:0;flex-basis:0;-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1}. elementor-widget-countdown. elementor-countdown--label-inline{text-align:center}. elementor-widget-countdown. elementor-countdown--label-inline . elementor-countdown-item{display:inline-block;padding-left:5px;padding-right:5px} Days Hours Minutes Seconds Bitcoin halving is a defining feature of the pioneering crypto. It plays a key role in ensuring that Bitcoin remains valuable over a long period of time. This article will examine Bitcoin halving, how it works, and why it matters. What is Bitcoin halving? /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-widget-image{text-align:center}. elementor-widget-image a{display:inline-block}. elementor-widget-image a img{width:48px}. elementor-widget-image img{vertical-align:middle;display:inline-block} Bitcoin halving is an event that occurs every four years or precisely after every 210,000 blocks mined on the Bitcoin network. The event gets its name from the fact that it is meant to halve the... --- ### India’s Year End Crypto Portfolio Report 2023 - Published: 2023-12-22 - Modified: 2023-12-23 - URL: https://coinswitch.co/switch/crypto/india-crypto-adoption-2023/ /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-heading-title{padding:0;margin:0;line-height:1}. elementor-widget-heading . elementor-heading-title>a{color:inherit;font-size:inherit;line-height:inherit}. elementor-widget-heading . elementor-heading-title. elementor-size-small{font-size:15px}. elementor-widget-heading . elementor-heading-title. elementor-size-medium{font-size:19px}. elementor-widget-heading . elementor-heading-title. elementor-size-large{font-size:29px}. elementor-widget-heading . elementor-heading-title. elementor-size-xl{font-size:39px}. elementor-widget-heading . elementor-heading-title. elementor-size-xxl{font-size:59px}India’s Portfolio 2023 How India Invests in Crypto India’s Portfolio 2023 How India Invests in Crypto Market Resilience /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-widget-image{text-align:center}. elementor-widget-image a{display:inline-block}. elementor-widget-image a img{width:48px}. elementor-widget-image img{vertical-align:middle;display:inline-block} 2023 was a year of resilience. While the year started off on a somber note, the market picked up significantly towards the end of the year, bringing much needed cheer to crypto investors. Bitcoin, the most prominent crypto, ended more than 150 % year on year*. Meanwhile, Ethereum and several Meme coins also ended the year in green. After touching a low of less than $1 trillion (T) in June 2022, total crypto market capitalization grew to over $1. 5 T by December.  The prolonged downturn of the previous 12 months or so had inspired the crypto ecosystem to refocus on first principles—fortifying foundational protocols for the future of finance. The renewed developer activity on Layer 1 and Layer 2 protocols coincided with the growing interest in crypto instruments by large financial institutions—TradFi, as the saying goes.  The year also coincided with some much-needed regulatory progress in crypto, globally and in India. The G20 member-nations, under India’s presidency, brought together the voices and concerns of various stakeholders to move the needle on a global consensus. Over in the US, regulatory actions... --- ### API Trading - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/api-trading/ --- ### Pro Course > Watch your favourite crypto news, explainers, analysis and much more on CoinSwitch Videos. - Published: 2023-03-31 - Modified: 2023-03-31 - URL: https://coinswitch.co/switch/pro-course/ Pro Course New Fees On UPI Payments - Should You Worry? | Money Mantra #shorts 30 March 2023 •1 min What are Candlestick Patterns? (HINDI) | Earn money using Technical Analysis| Trading for Beginners 30 March 2023 •6 min Fashion Week on Metaverse! #CryptoNews 29 March 2023 •1 min Will Bitcoin Regain $28000 levels? XRP, AST Soars 🚀 | Crypto Price Analysis 28 March 2023 •3 min How to earn Profits with Right Order Types? | Limit, Market, Stop Loss order क्या हैं | For Beginner 27 March 2023 •4 min Inside CoinSwitch | Ep. 1 feat. Swati Pincha 24 March 2023 •4 min What is Order Book & Slippage? | How do Crypto Exchanges Work? | क्रिप्टो ट्रेडिंग बेसिक्स 23 March 2023 •4 min Microsoft Ventures Deeper Into Web3 | Web3 #shorts 22 March 2023 •1 min Bitcoin Above $28000! | BTC, Solana, EOS Price Analysis 21 March 2023 •6 min How To Earn Profits After Crypto Tax Deduction? | Crypto Tax Rules In India | क्रिप्टो टैक्स गाइड 20 March 2023 •5 min Follow us on Youtube Top playlists 80 videos Crypto Live | Price Analysis Will Bitcoin Regain $28000 levels? XRP, AST Soars 🚀 | Crypto Price Analysis 28 March 2023 •3 min Bitcoin Above $28000! | BTC, Solana, EOS Price Analysis 21 March 2023 •6 min Bitcoin & SNX Gain Big After SVB fall | BTC, SNX & Cosmos | Price Analysis 15 March 2023 •4 min HUGE Bitcoin rally after SVB collapse. Here's why? 14... --- ### India’s Year End Crypto Portfolio Report 2022 > Capital city Delhi leads India on crypto adoption—measured in terms of value invested—followed by India’s tech hubs of Bangalore and Hyderabad. - Published: 2022-12-23 - Modified: 2023-12-22 - URL: https://coinswitch.co/switch/crypto/india-crypto-adoption-2022/ Introduction to US stocks US stocks offer an attractive investment option for global investors. Several companies listed on the US stock exchanges have global operations, hence contain less market risk than other stock markets. This factor makes the US a compelling investment destination. Many investors have included high-performing US companies in their portfolios as their home countries often have unpredictable stock markets, unstable economies, and declining per capita incomes. According to statistics available for the financial year 2021, Indian investors have invested in more than 5,000 US securities, not just FAANG firms. Nevertheless, investors should be aware of the big picture and understand how the US market operates before investing. Let’s dig in. How to invest in US stocks from India If you are considering investing in the US financial market, this post is for you. However, before you invest, you need to understand some important factors. 1. Regulatory framework The Securities and Exchange Commission (SEC) regulates the US stock market, similar to how the Securities and Exchange Board of India (SEBI) is the Indian market regulator. The US market is one of the world's oldest and most tightly regulated stock markets. Since the 1930s, the SEC has ensured strict compliance with rules and regulations. It has established some of the best practices, which are essential for the protection and trust of investors. In the past, US markets have done better than Indian ones. For example, the US markets have outperformed Indian indexes by 8–15% over the previous ten years,... --- ### RSS FEED - Published: 2022-10-07 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/rss-feed/ --- ### Newsletters > Stay Tuned to CoinSwitch Crypto Newsletter to get information about Crypto News, Cryptocurrencies, Digital Assets & latest CoinSwitch updates. - Published: 2022-09-01 - Modified: 2023-10-16 - URL: https://coinswitch.co/switch/newsletters/ /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-heading-title{padding:0;margin:0;line-height:1}. elementor-widget-heading . elementor-heading-title>a{color:inherit;font-size:inherit;line-height:inherit}. elementor-widget-heading . elementor-heading-title. elementor-size-small{font-size:15px}. elementor-widget-heading . elementor-heading-title. elementor-size-medium{font-size:19px}. elementor-widget-heading . elementor-heading-title. elementor-size-large{font-size:29px}. elementor-widget-heading . elementor-heading-title. elementor-size-xl{font-size:39px}. elementor-widget-heading . elementor-heading-title. elementor-size-xxl{font-size:59px}Superpowers to grow your money Weekly updates from the cryptosphere and the world of finance delivered to your inbox. /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}. elementor-widget-divider . elementor-divider{display:-webkit-box;display:-ms-flexbox;display:flex}. elementor-widget-divider . elementor-divider__text{font-size:15px;line-height:1;max-width:95%}. elementor-widget-divider . elementor-divider__element{margin:0 var(--divider-element-spacing);-ms-flex-negative:0;flex-shrink:0}. elementor-widget-divider . elementor-icon{font-size:var(--divider-icon-size)}. elementor-widget-divider . elementor-divider-separator{display:-webkit-box;display:-ms-flexbox;display:flex;margin:0;direction:ltr}. elementor-widget-divider--view-line_icon . elementor-divider-separator,. elementor-widget-divider--view-line_text . elementor-divider-separator{-webkit-box-align:center;-ms-flex-align:center;align-items:center}. elementor-widget-divider--view-line_icon . elementor-divider-separator:after,. elementor-widget-divider--view-line_icon . elementor-divider-separator:before,. elementor-widget-divider--view-line_text . elementor-divider-separator:after,. elementor-widget-divider--view-line_text . elementor-divider-separator:before{display:block;content:"";border-bottom:0;-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}. elementor-widget-divider--element-align-left . elementor-divider . elementor-divider-separator>. elementor-divider__svg:first-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}. elementor-widget-divider--element-align-left . elementor-divider-separator:before{content:none}. elementor-widget-divider--element-align-left . elementor-divider__element{margin-left:0}. elementor-widget-divider--element-align-right . elementor-divider . elementor-divider-separator>. elementor-divider__svg:last-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}. elementor-widget-divider--element-align-right . elementor-divider-separator:after{content:none}. elementor-widget-divider--element-align-right . elementor-divider__element{margin-right:0}. elementor-widget-divider:not(. elementor-widget-divider--view-line_text):not(. elementor-widget-divider--view-line_icon) . elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}. elementor-widget-divider--separator-type-pattern{--divider-border-style:none}. elementor-widget-divider--separator-type-pattern. elementor-widget-divider--view-line . elementor-divider-separator,. elementor-widget-divider--separator-type-pattern:not(. elementor-widget-divider--view-line) . elementor-divider-separator:after,. elementor-widget-divider--separator-type-pattern:not(. elementor-widget-divider--view-line) . elementor-divider-separator:before,. elementor-widget-divider--separator-type-pattern:not . elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}. elementor-widget-divider--no-spacing{--divider-pattern-size:auto}. elementor-widget-divider--bg-round{--divider-pattern-repeat:round}. rtl . elementor-widget-divider . elementor-divider__text{direction:rtl} /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-widget-image{text-align:center}. elementor-widget-image a{display:inline-block}. elementor-widget-image a img{width:48px}. elementor-widget-image img{vertical-align:middle;display:inline-block} Newsletters Browse through previous editions of the Switch newsletter Filter articles by year:20222023 Ripple ruling sends crypto market soaring 💸 17 July 2023 Adverse macro data agitates 🤯 crypto market; institutional interest anchors it 10 July 2023 Institutional investors keep crypto steady 3 July 2023 BTC soars on institutional interest 🚀 26 June 2023 BlackRock boosts crypto investors’ mood 🚀 19 June 2023 Cryptos reel under SEC action 🤕 12 June 2023 ETH as ultra-sound money? 5... --- ### Glossary - Published: 2022-08-26 - Modified: 2022-12-15 - URL: https://coinswitch.co/switch/glossary/ Glossary From blockchain to NFT and everything in between, our glossary with a collection of 100+ words and definitions is here to help you speak Crypto fluently. --- ### About > Navigate the new Financial World. Know when, how and most of all, why to trade crypto and other financial assets with Switch. - Published: 2022-06-28 - Modified: 2022-09-21 - URL: https://coinswitch.co/switch/about/ ABOUT USSwitch: Making sense of modern money Our relationship with finance is changing. We save, invest, spend, and transact on our phones. We’re sold loans, wealth management, and investment services based on our data. We opt to pay later for things we buy but can’t afford right now; we split bills, invest in stocks and bonds, remit money, and purchase expensive foreign stocks in fractions with apps. Artificial intelligence offers personalized investment advice. Our life is getting a lot better. Much of this is good for us. But the information overload, the urge to act on every piece of news, and the digital exhaust that comes with it pose a risk to our financial health. Fear of missing out, fuelled by social media and instant messaging, is driving investment decisions. Mis-selling is rampant. Pump and dump schemes are all too common. With the virality of tips, scams, and get-rich-quick schemes, it has become hard for investors to make the right decisions. In a bull market, everyone becomes an expert trader. In a bear market, everyone is a value investor. It’s easy to get lost and feel overwhelmed by the complex and changing world of personal finance. This is where Switch comes in. What we do hereWe are here to help you make sense of modern money. We’re not just going to say do your own research. We’re going to equip you with ideas, frameworks, and stories that help you do that. We will simplify, demystify, and bring clarity to this... --- ### Crypto > Stay up to date with the latest crypto news, features & commentary brought to you by CoinSwitch Kuber, the world's leading blockchain & crypto ecosystem. - Published: 2022-06-28 - Modified: 2022-07-19 - URL: https://coinswitch.co/switch/crypto/ h1. entry-title { display: none;} --- ### Videos > Watch your favourite crypto news, explainers, analysis and much more on CoinSwitch Videos. - Published: 2022-06-21 - Modified: 2024-03-14 - URL: https://coinswitch.co/switch/videos/ /*! elementor - v3. 6. 6 - 08-06-2022 */ . e-container. e-container--row . elementor-spacer-inner{width:var(--spacer-size)}. e-container. e-container--column . elementor-spacer-inner,. elementor-column . elementor-spacer-inner{height:var(--spacer-size)} /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-widget-image-box . elementor-image-box-content{width:100%}@media (min-width:768px){. elementor-widget-image-box. elementor-position-left . elementor-image-box-wrapper,. elementor-widget-image-box. elementor-position-right . elementor-image-box-wrapper{display:-webkit-box;display:-ms-flexbox;display:flex}. elementor-widget-image-box. elementor-position-right . elementor-image-box-wrapper{text-align:right;-webkit-box-orient:horizontal;-webkit-box-direction:reverse;-ms-flex-direction:row-reverse;flex-direction:row-reverse}. elementor-widget-image-box. elementor-position-left . elementor-image-box-wrapper{text-align:left;-webkit-box-orient:horizontal;-webkit-box-direction:normal;-ms-flex-direction:row;flex-direction:row}. elementor-widget-image-box. elementor-position-top . elementor-image-box-img{margin:auto}. elementor-widget-image-box. elementor-vertical-align-top . elementor-image-box-wrapper{-webkit-box-align:start;-ms-flex-align:start;align-items:flex-start}. elementor-widget-image-box. elementor-vertical-align-middle . elementor-image-box-wrapper{-webkit-box-align:center;-ms-flex-align:center;align-items:center}. elementor-widget-image-box. elementor-vertical-align-bottom . elementor-image-box-wrapper{-webkit-box-align:end;-ms-flex-align:end;align-items:flex-end}}@media (max-width:767px){. elementor-widget-image-box . elementor-image-box-img{margin-left:auto! important;margin-right:auto! important;margin-bottom:15px}}. elementor-widget-image-box . elementor-image-box-img{display:inline-block}. elementor-widget-image-box . elementor-image-box-title a{color:inherit}. elementor-widget-image-box . elementor-image-box-wrapper{text-align:center}. elementor-widget-image-box . elementor-image-box-description{margin:0}Videos Follow us on Youtube /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-widget-image{text-align:center}. elementor-widget-image a{display:inline-block}. elementor-widget-image a img{width:48px}. elementor-widget-image img{vertical-align:middle;display:inline-block} /*! elementor - v3. 6. 6 - 08-06-2022 */ . elementor-heading-title{padding:0;margin:0;line-height:1}. elementor-widget-heading . elementor-heading-title>a{color:inherit;font-size:inherit;line-height:inherit}. elementor-widget-heading . elementor-heading-title. elementor-size-small{font-size:15px}. elementor-widget-heading . elementor-heading-title. elementor-size-medium{font-size:19px}. elementor-widget-heading . elementor-heading-title. elementor-size-large{font-size:29px}. elementor-widget-heading . elementor-heading-title. elementor-size-xl{font-size:39px}. elementor-widget-heading . elementor-heading-title. elementor-size-xxl{font-size:59px}Top Videos videos Crypto Live | Price Analysis https://youtu. be/X_hBN9QtNwQ? si=x1P75Q-gUsfhQsQ0https://youtu. be/pRYY8bRxrp0? si=CPUCEZQFrpWTV5QYhttps://youtu. be/rE30fv_GrWw? si=YO9yVXHE6UbaPYFi CoinSwitch Pro https://youtu. be/DBlYJToAnlk? si=JetlRIMmQgX_f9frhttps://youtu. be/Mq67xbVUViM? si=OA0NhUHvPL5Df8jMhttps://youtu. be/W4dbJF1tSqI? si=jl4dxi94XsD11l_a Editor’s picks How to invest in Crypto? Crypto Trading for Beginners --- ### Home > Get the latest crypto news & updates, trading insights & discover investment strategies on CoinSwitch. Stay tuned with the current trends in the crypto ecosystem! - Published: 2022-06-01 - Modified: 2025-04-02 - URL: https://coinswitch.co/switch/ /*! elementor-pro - v3. 7. 1 - 16-05-2022 */. elementor-slides . swiper-slide-bg{background-size:cover;background-position:50%;background-repeat:no-repeat;min-width:100%;min-height:100%}. elementor-slides . swiper-slide-inner{background-repeat:no-repeat;background-position:50%;position:absolute;top:0;left:0;bottom:0;right:0;padding:50px;margin:auto}. elementor-slides . swiper-slide-inner,. elementor-slides . swiper-slide-inner:hover{color:#fff;display:-webkit-box;display:-ms-flexbox;display:flex}. elementor-slides . swiper-slide-inner . elementor-background-overlay{position:absolute;z-index:0;top:0;bottom:0;left:0;right:0}. elementor-slides . swiper-slide-inner . elementor-slide-content{position:relative;z-index:1;width:100%}. elementor-slides . swiper-slide-inner . elementor-slide-heading{font-size:35px;font-weight:700;line-height:1}. elementor-slides . swiper-slide-inner . elementor-slide-description{font-size:17px;line-height:1. 4}. elementor-slides . swiper-slide-inner . elementor-slide-description:not(:last-child),. elementor-slides . swiper-slide-inner . elementor-slide-heading:not(:last-child){margin-bottom:30px}. elementor-slides . swiper-slide-inner . elementor-slide-button{border:2px solid #fff;color:#fff;background:transparent;display:inline-block}. elementor-slides . swiper-slide-inner . elementor-slide-button,. elementor-slides . swiper-slide-inner . elementor-slide-button:hover{background:transparent;color:inherit;text-decoration:none}. elementor--v-position-top . swiper-slide-inner{-webkit-box-align:start;-ms-flex-align:start;align-items:flex-start}. elementor--v-position-bottom . swiper-slide-inner{-webkit-box-align:end;-ms-flex-align:end;align-items:flex-end}. elementor--v-position-middle . swiper-slide-inner{-webkit-box-align:center;-ms-flex-align:center;align-items:center}. elementor--h-position-left . swiper-slide-inner{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}. elementor--h-position-right . swiper-slide-inner{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}. elementor--h-position-center . swiper-slide-inner{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}body. rtl . elementor-widget-slides . elementor-swiper-button-next{left:10px;right:auto}body. rtl . elementor-widget-slides . elementor-swiper-button-prev{right:10px;left:auto}. elementor-slides-wrapper div:not(. swiper-slide)>. swiper-slide-inner{display:none}@media (max-width:767px){. elementor-slides . swiper-slide-inner{padding:30px}. elementor-slides . swiper-slide-inner . elementor-slide-heading{font-size:23px;line-height:1;margin-bottom:15px}. elementor-slides . swiper-slide-inner . elementor-slide-description{font-size:13px;line-height:1. 4;margin-bottom:15px}} Making sense of modern moneyMaking sense of modern moneyMaking sense of modern money /*! elementor - v3. 6. 6 - 08-06-2022 */. elementor-heading-title{padding:0;margin:0;line-height:1}. elementor-widget-heading . elementor-heading-title>a{color:inherit;font-size:inherit;line-height:inherit}. elementor-widget-heading . elementor-heading-title. elementor-size-small{font-size:15px}. elementor-widget-heading . elementor-heading-title. elementor-size-medium{font-size:19px}. elementor-widget-heading . elementor-heading-title. elementor-size-large{font-size:29px}. elementor-widget-heading . elementor-heading-title. elementor-size-xl{font-size:39px}. elementor-widget-heading . elementor-heading-title. elementor-size-xxl{font-size:59px} FEATURED POPULAR FEATURED POPULAR   Top 10 crypto assets by market cap: Coins that are here to stay   Chiliz and the Emerging Potential of Sports-Fi   Honeypot Scams: The Allure and the Catch   Want to Invest in the Metaverse? Here’s What You Should Know   Ethereum 2. 0, The Merge, and Triple Halving Explained   Everything You Need to Know about Crypto Index   In India, by Indians: Web3 Projects to Watch   Beacon Chain Upgrade on Ethereum: The What, Why, and How   What is... --- ## Posts ### Crypto Market Today: News, Market Data & Analysis - Published: 2025-04-09 - Modified: 2025-04-16 - URL: https://coinswitch.co/switch/market-analysis/crypto-market-today/ - Categories: Crypto Market Analysis - Tags: bitcoin drop today​, bitcoin market today​, bitcoin news today​, crypto market crash today​, Crypto Market Today, cryptocurrency market down today​, cryptocurrency market today​, why is crypto market down today​ ​We're tracking the dynamic shifts in the cryptocurrency market today, where a complex mix of regulatory developments, geopolitical tensions, and macroeconomic conditions drives Bitcoin's volatile price swings. This blog will examine the key factors influencing Bitcoin's price and dive into the daily market movements. From regulatory updates to economic indicators and technological breakthroughs, we'll provide expert insights into the trends shaping the crypto landscape. Crypto Market Today: 16th April 2025 Bitcoin dipped 1. 4% and is trading below $83,594, as of 12:20 p. m. , sitting under its 50- and 100-day moving averages. Whale accumulation saw a rise as the number of addresses holding between 1,000 and 10,000 BTC climbed to 2,014 from 1,944 since March 5. The dip in crypto markets mirrors a broader market pullback, as US equities edged lower, with Dow Jones falling 0. 4%, the S&P 500 dropping 0. 2%, and the Nasdaq slipping 0. 1%. Notably, NVIDIA shares slid over 6% following news that the company expects a $5. 5 billion write-down this quarter, linked to fresh export restrictions on its H20 chip to China. Crypto Market Today: 15th April 2025 The US equity index S&P 500 gained 0. 8%, closing at 5,405. 97, whereas the Nasdaq Composite gained 0. 6%. Bitcoin (BTC) hovered near $85,000, reflecting an increase in the index comprising the top 20 cryptocurrencies. BTC is trading around $85,494 as of 11. 50 a. m. Analysts observed that Bitcoin's price action is constrained by the Ichimoku Cloud, creating an unfavorable risk-reward scenario... --- ### Panama Bill Propose Voluntary Cryptocurrency Acceptance - Published: 2025-04-07 - Modified: 2025-04-07 - URL: https://coinswitch.co/switch/crypto/panama-bill-on-cryptocurrency/ - Categories: Crypto - Tags: Panama Bill, Panama Crypto Bill, Panama cryptocurrency Bill The Panama Bill on crypto assets, which have mostly remained unregulated, are gradually emerging as a regulated asset class thanks to the new regulatory frameworks adopted by several countries. Panama, a Central American country, is taking a progressive step in crypto regulation with a new bill that proposes the voluntary acceptance of digital assets for payments. Unlike El Salvador, which made Bitcoin legal tender, Panama's approach focuses on allowing businesses and individuals to accept crypto without mandatory enforcement. The proposal could make Panama a crypto-friendly hub, boosting financial inclusion and attracting blockchain innovation. It would be interesting to understand what the bill entails, its potential impact, and how it compares to global crypto regulations. Let’s dig in. What Does the Panama Crypto Bill Propose? The proposed legislation aims to modernize Panama’s financial ecosystem by integrating crypto payments into its economy. However, unlike El Salvador’s Bitcoin Law, this bill underlines voluntary adoption rather than conferring legal tender status on crypto. Key Aspects of the Panama Bill: Voluntary Crypto Payments – Businesses can accept crypto for transactions in goods and services but are not obligated to do so. Multiple Cryptos Allowed – The bill does not limit payments to Bitcoin; it includes Ethereum, stablecoins, and other digital assets. Legal Framework for Crypto Services – The bill envisions a transparent regulatory environment for crypto exchanges, payment processors, and blockchain startups. Cross-Border Transactions – The bill seeks to simplify remittances and international transactions using crypto, reducing reliance on traditional banking systems. Why is Panama... --- ### Japan to Recognize Crypto Assets as Financial Instruments: A Game-Changer for the Industry - Published: 2025-04-03 - Modified: 2025-04-03 - URL: https://coinswitch.co/switch/news/japan-will-recognize-crypto-assets/ - Categories: News - Tags: Crypto Assets, Financial Instruments, japan regulatory authority Japan has been a pioneer in crypto regulation. Recent reports from Nikkei suggest that the country is taking another major step by legalizing crypto assets as financial instruments. The move could boost institutional adoption, increase regulatory clarity, and position Japan as a global leader in crypto assets. In this blog post, we discuss what this means for the crypto industry, its potential impact on investors, and how Japan’s approach compares to global trends in crypto regulations. Japan’s Crypto-Friendly Approach For those who like their history, Japan was one of the first countries to regulate crypto exchanges under its Payment Services Act (PSA) in 2017. Despite strict oversight and licensing requirements, Japan’s crypto ecosystem has flourished, with major players like BitFlyer, Liquid, and SBI VC Trade operating under clear legal frameworks. Now, with the Financial Services Agency (FSA) considering legalizing crypto assets as financial instruments, the country is setting the stage for greater institutional participation and a more structured investment environment. What Does This New Regulation Mean? By classifying crypto assets as financial instruments, Japan could unlock several benefits for investors, institutions, and the broader economy. 1. Increased Institutional Adoption Institutional investors (such as banks and hedge funds) can now invest in crypto under a regulated framework. Crypto assets could be integrated into traditional financial products such as ETFs and mutual funds. 2. Stronger Consumer Protection Crypto exchanges and custodians would be required to meet higher security and transparency standards. Investors may benefit from improved safeguards against fraud and market manipulation.... --- ### What is the Crypto Fear and Greed Index? > The Crypto Fear and Greed Index provides a snapshot of market sentiment based on key metrics, helping traders decide on market entries and exits. Read more about the index and how it works. - Published: 2025-04-02 - Modified: 2025-04-02 - URL: https://coinswitch.co/switch/crypto/crypto-fear-and-greed-index/ - Categories: Crypto, Explainers - Tags: Bitcoin Fear and Greed Index, crypto fear & greed index, crypto fear and greed, Crypto Fear and Greed Index, crypto greed fear index, crypto market sentiment, crypto sentiment, fear and greed index, fear and greed index chart, fear and greed index crypto, fear and greed index today The ups and downs of the crypto market often trigger high emotions and knee-jerk reactions among traders and investors. The Crypto Fear and Greed Index today is a great tool that could help you navigate market turbulence with ease. The index is essentially a metric that gauges the mood prevailing in the cryptocurrency market. Traders, investors, and analysts can benefit by using it because it indicates whether the market actors are more inclined to react with fear or greed. You can use the information it provides to devise better crypto trading strategies. How do fear and greed affect the decisions of investors? Greed is often triggered by the fear of missing out (FOMO). A single scroll on social media can make an investor believe that everyone is buying or selling a particular asset. The fear of missing out on a potentially great investment opportunity could drive an individual to invest without conducting in-depth research or take other poor decisions, such as selling prematurely. Humans have a natural fear of being on the losing side, and when there’s money involved, this fear can go through the roof. Witnessing a slight dip in the market, for instance, might tempt novices to dump at whatever price, even at the cost of substantial loss. How does the Fear and Greed Index work? In the context of crypto, fear means the market is bearish. In a fear-driven market, investors are worried about falling performance. Professional traders see extreme fear as a sign that most people... --- ### Gross Profit Vs. Net Profit: What's the Difference? - Published: 2025-03-26 - Modified: 2025-03-26 - URL: https://coinswitch.co/switch/personal-finance/gross-profit-vs-net-profit/ - Categories: Personal Finance - Tags: difference between gross and net, difference between gross profit and net profit, Gross Profit, Net Profit, what is gross profit and net profit, what is the difference between gross profit and net profit I. Introduction Gross profit and net profit are two important financial metrics for any company. They measure its profitability for investors or potential creditors. However, these two financial metrics are inherently different. As an investor, you need both of them to analyze a company’s credibility before investing in its stocks. Today, in this blog, we will discuss the difference between the gross profit and net profit of a company, along with their definition, calculation methods, uses, examples, benefits, limitations, and more. We will also highlight key methods or strategies to enhance the gross profit and net profit of a business to increase overall profitability and attract more investors to the business. So, let’s dive in and learn about gross and net profit in detail. II. What is gross profit? Gross profit usually refers to the remaining profit or income once the production cost is subtracted from the revenue of the company. A. Definition and formula By this definition, the gross profit of a company is represented as the difference between the cost of goods sold (COGS) and the total revenue. A firm’s aggregate money within a specific financial timeline is its revenue. Remember, COGS or cost of goods sold refers to the cost of production and manufacturing of the goods. On the other hand, revenue is often listed as net sales especially if it includes discounts and refunds from a returned good. The formula of gross profit: Gross Profit = Revenue – Cost of Goods Sold (COGS) B. Example calculation... --- ### Share Market Tips for Beginners - Published: 2025-03-25 - Modified: 2025-03-25 - URL: https://coinswitch.co/switch/personal-finance/share-market-tips/ - Categories: Personal Finance - Tags: free stock market tips, share market investment tips, share market tips, share market tips for beginners, stock market tips, stock market tips india I. Introduction Share market tips related to investments can be a lucrative investment option, especially for budding investors who wish to profit from the share market. For many expert traders, the share market investment is their primary source of income. If you are a newbie, this article will help jumpstart your investing journey, and if you’re an expert, you probably know that when it comes to tips, the more the merrier. A. An overview of market investing When you invest in the share market you buy the shares of public companies. That means you own a part of the business and reap benefits from its growth. Sounds simple enough? Well, it is, but you need to know market trends, risk factors, and company fundamentals to make the right investments. Although it poses some risks, disciplined investment in a diversified portfolio can take you a long way. It can help you manage volatility and yield long-term wealth-building opportunities.   B. The importance of effective investment strategies If you want to make your stock market investments successful, you must strategically plan your every investment. Because, without effective investment strategies, you cannot ensure long-term profit from any stock market investment. C. Objective of this blog post If you are a newbie in the stock market and looking for quality stock market investment tips or a pro, this blog post will help you. Here we share essential share market investment strategies and tools to increase your stock market profits. II. Understanding the share market... --- ### Pivot Points: Definition, Formula & Calculation - Published: 2025-03-18 - Modified: 2025-03-18 - URL: https://coinswitch.co/switch/personal-finance/pivot-points/ - Categories: Personal Finance - Tags: how to calculate pivot points, how to calculate support and resistance, pivot point, pivot point calculation formula, pivot point formula, what is pivot point in trading I. Introduction Traders use pivot points as a main form of technical analysis to predict market movements by means of support and resistance levels. Pivot points are derived from the previous trading session’s data to help you reverse and locate important price levels where trends can be shifted. Because traders can analyze these levels, they can make informed decisions, achieve reversals, and set in and out points appropriately and thus have an enhanced trading strategy and better trading success. A. An overview of pivot points Pivot points are essentially market indicators many intraday traders use to evaluate their trading moves. They can be a good indicator of future market trends ensuring a successful trade. B. The importance of pivot points in technical analysis Pivot points play a significant role in technical analysis; it is used in a trade that relies on the previous day’s closing price along with the current day’s average highs and lows to predict the future. C. The objective of this blog post As a budding investor, if you are eager to understand the pivot point calculation formula, keep reading. This blog post covers everything you need to know about pivot point calculation including its formula, explanation, examples, real-world applications, and more. Read More: II. What are pivot points? A. Definition and purpose Before we dive deep and learn about the pivot point calculation formula, let’s learn about the definition and purpose of pivot points. By definition, a pivot point is a technical analysis tool that helps... --- ### How to Invest in Gold: Best Way to investment Gold - Published: 2025-03-18 - Modified: 2025-03-18 - URL: https://coinswitch.co/switch/personal-finance/how-to-invest-in-gold/ - Categories: Personal Finance - Tags: best gold investment, best way to invest in gold, gold as an investment option, gold investment in india, gold investment plan, how to invest in gold, how to invest in gold in india I. Introduction Investing in gold has been a dependable long-term approach to preserve wealth and investment against inflation. With different investment options out there such as physical gold, Exchange-Traded Funds (ETFs) and sovereign gold bonds deciding which is the best means to invest in gold is a complicated thing. Investing in gold always involves an exploration of how best to do so and how to make the right choices to safely invest in your financial future. Which is why we are here to help. A. An overview of gold as an investment Gold is one of the most precious metals especially when it comes to investment. Investors looking for a safe investment prefer to invest in gold. If you too are wondering about how to invest in gold online, this article answers all your questions. B. The importance of diversifying investments with gold In terms of investment portfolio diversification gold acts as a hedge against market volatility as well as economic instability. It is therefore an important investment option that you absolutely must at least consider. II. Why invest in gold? Gold is one of the most reliable high-yield vehicles in terms of protection against inflation and currency exchange rate. It is a safe haven asset free of intrinsic value and stable in history. It also helps diversify your portfolio and help you improve your general financial security and wealth preservation A.     Historical value and stability Due to its color, shine and non-tarnishing characteristics gold has held a... --- ### Which Crypto Will Boom in 2025: 5 Promising Coins for Portfolio Growth - Published: 2025-03-17 - Modified: 2025-03-17 - URL: https://coinswitch.co/switch/crypto/which-crypto-will-boom-in-2025/ - Categories: Crypto - Tags: best coin to invest in 2025, best crypto coin to buy in 2025, most promising crypto, most promising cryptocurrency, which coin will boom in 2025, which crypto will boom in 2025 Introduction (Which Crypto Will Boom in 2025) As the crypto market evolves and digital assets emerge as viable alternative investments, investors seek high-potential assets that can offer solid growth. While Bitcoin and Ethereum remain dominant, several altcoins can be considered for portfolio diversification. In this blog, we explore five promising cryptocurrencies—Ethereum (ETH), Solana (SOL), Aave (AAVE), Sonic (S), and Sui (SUI)—that could see significant growth in 2025. 1. Ethereum (ETH) – The Smart Contract King Ethereum remains the leading smart contract platform, powering thousands of decentralized applications (dApps), DeFi protocols, and NFT projects. With its transition to Ethereum 2. 0 and Proof-of-Stake (PoS), ETH is more scalable and energy-efficient than ever. Key Stats: Circulating Supply: 120. 2 million ETH Current Price: $1,897 (as of March 13, 2025) All-Time High: $4,878 (November 2021) Blockchain: Ethereum (Layer-1, PoS, EVM-compatible) Why Invest? Strong developer ecosystem and institutional adoption. Layer-2 solutions (Arbitrum, Optimism, zkSync) reduce fees and improve scalability. Continued dominance in DeFi and NFTs. 2. Solana (SOL) – The High-Speed Blockchain Solana is a high-performance blockchain with ultra-fast transaction speeds and low fees. It’s the preferred network for gaming, DeFi, and NFT projects. Despite network congestion issues, Solana’s ecosystem thrives, and significant upgrades have improved stability. Key Stats: Circulating Supply: 509. 41 million SOL Current Price: $125 (as of March 13, 2025) All-Time High: $294. 33 (January 2025) Blockchain: Solana (Layer-1, high-speed, low-cost) Why Invest? Blazing-fast transactions (65,000 TPS) with minimal fees. Strong DeFi ecosystem with projects like Jupiter and Marinade. Increasing institutional... --- ### Positional Trading Strategy: Definition, Pros & Cons - Published: 2025-03-12 - Modified: 2025-03-12 - URL: https://coinswitch.co/switch/personal-finance/positional-trading-strategy/ - Categories: Personal Finance - Tags: position trading, position trading strategy, positional trading meaning, positional trading means, what is positional trading I. Introduction Have you ever heard of positional trading? If not, but want to learn about it then we are right here to help. In this blog post, we will discuss a brief guide on positional trading and its pros and cons. A. An overview of positional trading Positional trading is basically a long-term trading approach that focuses on the long-term holding of the stocks. This helps them avoid short-term market fluctuations. In positional trading, you can hold stocks for a good amount of time, which can be months or years. B. The importance of understanding different trading styles If you are a newbie or a budding investor, you must focus on learning about different trading styles. Because understanding different types of trading styles enables you to find your own unique trading approach that is suitable for your investment portfolio and your investment objectives. II. What is positional trading? In this section, we examine what positional trading is more closely and try to make sense of how it differs from other trading styles. A. Definition and basic concept By definition, positional trading refers to an investment strategy or approach that involves buying or holding a stock for the long term. So, the basic concept of positional trading is to identify an emerging market trend and stick to it by staying invested in it to make the most profit from the trend. B. How it differs from other trading styles Positional trading is quite different from other trading styles, such as... --- ### Trump Hosts First White House Crypto Summit   - Published: 2025-03-10 - Modified: 2025-03-10 - URL: https://coinswitch.co/switch/crypto/trump-hosts-first-white-house-crypto-summit/ - Categories: Crypto - Tags: Crypto Space, crypto summit​, White House Crypto Summit Introduction In a historic move, US President Donald Trump hosted the first-ever White House Crypto Summit on March 7, 2025, signaling a potential shift in the government’s stance toward cryptocurrencies and blockchain technology. The event brought together industry leaders, policymakers, and financial experts to discuss the future of digital assets in the United States. This blog post discusses the key takeaways from the summit, its potential impact on the crypto industry, and its implications for investors, businesses, and policymakers. Key Highlights of the White House Crypto Summit The summit focused on several important aspects of the cryptocurrency ecosystem, including regulation, innovation, and economic impact. Some major discussions included: 1. Regulatory Clarity and Policy Framework One of the primary concerns in the crypto space has been the lack of clear regulations. During the summit, President Trump emphasized the need for a balanced regulatory framework that ensures security and compliance while encouraging innovation. Discussions revolved around stablecoin regulations and tax policies. The summit sought to create a roadmap for responsible crypto adoption without stifling growth. 2. Institutional Adoption & Financial Innovation Major financial institutions and tech firms attended the summit, showcasing how blockchain and cryptocurrencies could be integrated into the traditional financial system. Banks and fintech companies presented their blockchain-based payment solutions. Institutional investors highlighted the growing demand for crypto assets. 3. National Competitiveness in the Crypto Space With global players like China and the European Union advancing their blockchain strategies, the US aims to maintain a competitive edge in the crypto... --- ### Crypto Heatmap | Crypto Coins Heatmap - Published: 2025-03-10 - Modified: 2025-03-12 - URL: https://coinswitch.co/switch/crypto/crypto-heatmap/ - Categories: Crypto - Tags: Crpto Heatmap, Crypto Coins Heatmap, crypto market heatmap​, Heatmap Crypto Track all markets on TradingView { "dataSource": "Crypto", "blockSize": "market_cap_calc", "blockColor": "change", "locale": "en", "symbolUrl": "", "colorTheme": "light", "hasTopBar": true, "isDataSetEnabled": true, "isZoomEnabled": true, "hasSymbolTooltip": true, "isMonoSize": false, "width": "100%", "height": 500 } . tradingview-widget-container { max-width: 100%; overflow: hidden; } . tradingview-widget-container__widget { width: 100%; height: auto; min-height: 400px; /* Adjust min-height for smaller screens */ } @media (max-width: 768px) { . tradingview-widget-container__widget { min-height: 350px; } } @media (max-width: 480px) { . tradingview-widget-container__widget { min-height: 300px; } } The cryptocurrency market is fast-paced and volatile, making real-time data crucial for traders and investors. Crypto heatmap offer an intuitive way to track price movements, volume changes, and market sentiment at a glance. In this guide, we'll explore what crypto heatmaps are, how they work, and how you can use them to make informed trading decisions. What is a Crypto Heatmap? A crypto heatmap is a visual representation of market data where different cryptocurrencies are displayed in colored blocks. The color intensity indicates market performance, helping traders quickly assess trends. Green: Indicates price increases (bullish movement). Red: Indicates price decreases (bearish movement). Size of Blocks: Represents market capitalization or trading volume—larger blocks signify higher market activity. Why Use a Crypto Heatmap? 1. Quick Market Overview Instead of scanning individual charts, a heatmap provides a bird’s-eye view of price changes, allowing traders to spot market trends in seconds. 2. Identifying Trends and Patterns Heatmaps help detect whether the market is experiencing broad bullish or bearish trends, aiding in decision-making for both... --- ### Top 5 Technical Analysis Tools: Succeeding at Stock Trading - Published: 2025-03-05 - Modified: 2025-03-05 - URL: https://coinswitch.co/switch/personal-finance/technical-analysis-tools/ - Categories: Personal Finance - Tags: best stock analysis tools, best trading tools, share market analysis tools, stock market analysis tools, technical analysis tools, tools for share market analysis I. Introduction Technical analysis is a type of investment and trading where the prices are analyzed according to the prices in the history books. It considers buying and selling opportunities that you can clearly see on the market’s price charts as you analyze it. A. An overview of technical analysis Technical analysis is all about price movements, volume, and patterns of market behaviors. To be a trader one sees price charts, looks for trends, and uses indicators to suggest the direction of the market. The belief that events in the past tend to repeat themselves helps us to forecast future price movements, upon which this analysis is based. B. The importance of technical analysis in stock trading This type of analysis is extremely important for stock trading since it prevents the deception of basic technical analysis and thus helps traders find an entry and exit point, the way to manage risk and, at the same time, optimize the trading strategies. Technical analysis tools give traders data-driven insights and interpretations of the markets, volatility, and market sentiments. II. What is technical analysis? Basically technical analysis refers to the studying and forecasting of price fluctuations in the financial markets using historical price charts and market statistics. A. Definition and purpose Technical analysis is a tool, or traditional method, of predicting the probable future price direction of a security, such as a stock or a currency pair, on the basis of market data. The technical analysis tools depend on the view that historical... --- ### Trade Settlement: Meaning, Types & Violations - Published: 2025-03-04 - Modified: 2025-03-04 - URL: https://coinswitch.co/switch/personal-finance/trade-settlement/ - Categories: Personal Finance - Tags: settlement in stock market, trade settlement, trade settlement process, trading and settlement, trading and settlement procedure, what is trade settlement I. Introduction Want to know more about trade settlement? Then we have crafted a guide just for you. Here, we will discuss everything about tread settlement including meaning, types, and violations. A.  An overview of trade settlement Trade or stock settlement is a part of trading. In a secondary market, the trading and settling processes usually begin by choosing a broker or sub-broker and end with the settlement of the share. To trade in a secondary market you must open an account with a broker, buy securities, and your share is settled with your order execution and receiving a contract note. B. The importance of trade settlement in financial markets Trade settlement plays a vital role in the financial market as well as stock market transactions. Therefore, it is also important for investors and traders to have clear knowledge about the settlement process. Apart from that, they must also know the risks associated with it, the importance of demat account and role settlement corporations. II. What is trade settlement? As a stock market trader you must know about the trade settlement process. But before we dive deep into it, let’s learn about trade settlement briefly. A. Definition and purpose By definition, trade settlement refers to the transaction of funds or securities between a seller and the buyer after a trade is executed. In other words, trade settlement is the process of settling trade transactions between the buyer and the seller of the security. The transaction can be done for both... --- ### US President Trump signs order to establish Strategic Bitcoin Reserve (Updated) - Published: 2025-03-03 - Modified: 2025-03-07 - URL: https://coinswitch.co/switch/crypto/strategic-bitcoin-reserve/ - Categories: Crypto - Tags: Crypto Strategic Reserve, Trump cryptocurrency strategic reserve announcement, Trump strategic reserve crypto US President Donald Trump signed an executive order on Thursday to create a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile, firming up his plans to establish a US crypto reserve. The reserves will be capitalized respectively with Bitcoin and other digital assets seized in civil and criminal cases. However, the US government will not acquire additional assets to build the stockpile, sending crypto prices down. BTC fell nearly 5% to $85k following the order, and was trading above $88k at publishing time.   “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve,” White House AI and crypto czar David Sacks said in a March 7 post on X. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin if those impose no incremental costs on US taxpayers, according to the executive order.   Interestingly, seized crypto assets held by the US government include only BTC, ETH, and stablecoin Tether, according to Arkham Intelligence data. XRP, SOL, and ADA are not included. Earlier in the week, Mr. Trump announced the names of five digital assets he plans to include in a new US strategic reserve of cryptocurrencies, moving a step forward in his goal to create a national stockpile of digital assets. The decision, announced on March 2, brought cheer to the broader crypto market and drove up the prices of the tokens mentioned.   In January 2025, the president had signed an executive order... --- ### Bitcoin CME Gaps: What They Are, and How to Trade Them - Published: 2025-03-03 - Modified: 2025-03-03 - URL: https://coinswitch.co/switch/crypto/bitcoin-cme/ - Categories: Crypto - Tags: bitcoin cme futures, bitcoin cme futures gap, bitcoin options cme, cme bitcoin futures chart, cme bitcoin futures expiration date, cme bitcoin futures expiry date, cme futures bitcoin Introduction In crypto trading, Bitcoin CME gaps have emerged as a significant area of interest for traders. These gaps appear on the Chicago Mercantile Exchange (CME) Bitcoin futures chart when Bitcoin's price moves while the exchange is closed. Many traders use these gaps to predict future price movements and trading opportunities. In this blog, we’ll explore what Bitcoin CME gaps are, why they occur, and how traders can effectively use them in their trading strategies. What are Bitcoin CME Gaps? CME gaps are price gaps that occur on the CME Bitcoin futures chart due to differences between closing price and opening price. Since the CME futures market operates from Sunday to Friday, with a weekend break from Friday to Sunday evening), price movements in Bitcoin that occur when the market is closed result in gaps on the CME chart. These gaps can be classified into two types: Gap Up: When Bitcoin’s price opens higher than the previous closing price of CME futures. Gap Down: When Bitcoin’s price opens lower than the previous CME closing price. Read More: Understanding Open Interest insights for Crypto & Bitcoin Traders Why do CME Gaps matter? Many traders believe that Bitcoin tends to "fill" these gaps, meaning the price often retraces back to cover the gap area. This happens due to: Market Efficiency: Price corrections may occur as liquidity is restored when the CME market reopens. Trader Psychology: Many traders watch for these gaps, leading to self-fulfilling movements. Institutional Influence: CME futures trading attracts institutional... --- ### Section 115BBH: Virtual Digital Assets Taxation Scheme (Cryptocurrency Tax) - Published: 2025-02-28 - Modified: 2025-02-28 - URL: https://coinswitch.co/switch/crypto/section-115bbh-and-vda-tax/ - Categories: Crypto - Tags: 115bbh of income tax act, crypto tax, Cryptocurrency Tax, Section 115BBH, section 115bbh of income tax act, virtual digital assets With the rising popularity of crypto and digital assets, governments worldwide are implementing regulations to oversee the new asset class. India took a significant step in this direction by introducing Section 115BBH in the Union Budget 2022. The new provision included in the Finance Act, 2022, outlines the taxation framework for Virtual Digital Assets (VDAs), including crypto and NFTs. The changes became effective April 1, 2023.    In this blog, we’ll discuss the key provisions of Section 115BBH, its implications for investors, and how traders and holders can navigate this tax structure effectively. Understanding Section 115BBH Section 115BBH was introduced in the Union Budget 2022-23 to give clarity on tax on income from virtual digital assets. The primary objective of this section was to ensure that income from trading, transferring, or investing in VDAs is taxed uniformly. Key Highlights of Section 115BBH: Flat Tax Rate: A 30% tax applies to any income generated from the transfer of virtual digital assets. No Deduction Allowed: Unlike other investment instruments, taxpayers cannot claim deductions for expenses incurred (except the cost of acquisition). TDS at 1%: A 1% Tax Deducted at Source (TDS) is levied on crypto transactions exceeding Rs. 50,000 (Rs. 10,000 in some cases) in a financial year under Section 194S. Loss Set-Off Not Allowed: Losses from VDA transactions cannot be adjusted against any other income. Gifting of Crypto Assets: If a person receives crypto or NFTs as a gift, they will be taxed under income from other sources. Some exceptions are... --- ### What is Stock Exchange in India: Functions, Meaning & Types in 2025 - Published: 2025-02-27 - Modified: 2025-02-27 - URL: https://coinswitch.co/switch/personal-finance/stock-exchange-in-india/ - Categories: Personal Finance - Tags: biggest stock exchange in india, no of stock exchange in india, stock exchange, stock exchange definition, stock exchange in india, stock market meaning, what is stock exchange I. Introduction Are you interested in stock market investment? Then you must begin by learning about the basics. And what is more basic than the idea of a stock exchange. In this article, we cover the different types of stock exchanges, lists of stock exchanges in India, and more. A. An overview of stock exchanges in India The stock exchange is an important component of the stock market. It plays a vital role in the stock market that allows traders to trade various financial instruments, including bonds, shares, stocks, etc. , listed on the exchange index.   There are many stock exchanges currently active in India. Among them, two major names include National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). B. Importance of stock exchanges for the Indian economy The stock exchange plays a significant role in the Indian economy. It plays a vital role in the country’s economy as it helps companies raise funds for their business such as expansion, new ventures, customer experience enhancement, etc. , that ultimately contribute to companies’ economic growth leading to the country’s economic growth. Also, it helps to collect funds from local investors reducing the external economic burden of the country. II. What is a stock exchange? Whether you are an investor or a company willing to participate in the stock exchange, you must begin with the basics. So, before we move forward to discuss stock exchange types, functions or regulations, let’s learn about the concept of a stock exchange briefly. A.... --- ### Top 5 Small Finance Bank Shares in India 2025 - Published: 2025-02-27 - Modified: 2025-02-27 - URL: https://coinswitch.co/switch/personal-finance/small-finance-bank-shares/ - Categories: Personal Finance - Tags: best small finance bank in india, largest small finance bank in india, listed small finance banks in india, small finance bank share price, small finance bank shares, top 10 small finance bank in india, top small finance bank in india I. Introduction Are you looking for the best small finance bank in India? Read this to find the top 5 small finance bank stocks in India that you can consider investing in. An overview of small finance banks in India Before we discuss the best small finance bank shares in India, let’s learn about the best small finance banks in India. The Reserve Bank of India, or RBI, established small finance banks as a specialized banking segment to strengthen the Indian economy and promote financial inclusion. The importance of investing in small finance bank shares Small finance bank shares investments have a significant contribution to make toward financial inclusion and socio-economic development. Therefore, when investors invest in these small finance bank stocks they get the opportunity to contribute to the bigger cause of financial inclusion and socio-economic development of the country. II. Criteria for selecting top small finance bank shares Investing in small finance bank stocks can bring numerous benefits. However, one should consider the following factors to make an informed decision when investing in such stocks in India. Financial performance The first and most important selection criteria for top small finance bank shares is financial performance. The financial performance of a small financial bank indicates its ability to offer returns. If a small finance bank stock has a good financial performance record, it can offer stable returns. Market position Another essential factor you should consider while selecting top small finance bank shares is market position. A higher market position... --- ### What Is Kaito (KAITO)? Future Price Predictions & All You Need to Know - Published: 2025-02-25 - Modified: 2025-02-25 - URL: https://coinswitch.co/switch/news/kaito-coin-price-predictions/ - Categories: News - Tags: kaito coin, kaito coin price, kaito coin price prediction, kaito crypto price, kaito crypto price prediction Kaito Coin (KAITO) is an emerging crypto asset designed to bring innovation and efficiency to blockchain technology. With its unique features, growing community, and promising use cases, KAITO has attracted the attention of investors and crypto enthusiasts. This blog post explores what KAITO is, its purpose, technology, potential adoption, and future price predictions. What Is Kaito (KAITO)? Kaito is a decentralized digital asset that aims to provide secure, fast, and low-cost transactions. Built on a scalable blockchain, it focuses on improving usability, security, and transaction efficiency. KAITO aims to bridge the gap between traditional finance and blockchain-based solutions, making crypto more accessible for real-world applications. Key Features of Kaito (KAITO) 1. Scalability & Speed KAITO employs advanced blockchain technology to ensure fast and scalable transactions, reducing congestion and lowering transaction fees. 2. Security and Decentralization With a decentralized network and robust encryption mechanisms, KAITO ensures data integrity and protection against cyber threats. 3. Smart Contract Integration KAITO supports smart contracts, allowing developers to build decentralized applications (DApps) with secure and automated functionalities. 4. Interoperability One of KAITO’s core strengths is its ability to interact with multiple blockchain networks, enhancing cross-chain transactions and expanding its usability. Read More: DeepSeek’s AI Breakthrough: Unveiling The Power Market Adoption and Potential Use Cases KAITO is designed for various applications, including: Digital Payments: Facilitating seamless, low-cost cross-border transactions. Smart Contracts and Decentralized Finance (DeFi): Powering lending, borrowing, and staking mechanisms. Investment and Staking: Users have the opportunity to earn passive income through staking rewards. Future... --- ### Reverse Stock Split: What it is, Examples and How it Works? - Published: 2025-02-24 - Modified: 2025-02-24 - URL: https://coinswitch.co/switch/personal-finance/reverse-stock-split/ - Categories: Personal Finance - Tags: Reverse share Split, Reverse Stock Split, share consolidation, stock consolidation, what is consolidation in stock market, what is consolidation of shares I. Introduction A reverse stock split is a corporate action that reduces the number of outstanding shares of a company so that the price rises at the same rate. It is usually a mechanism used by companies when trying to solve certain problems—for instance, stock exchange listing requirements, stock appeal improvement, stock exchange trading listing requirements, etc. A. An overview of reverse stock splits The reverse share split is when the company’s shares are reduced proportionally and the share price of the company is increased. An example would be if a company did a 1 for 10 reverse split, combining 10 shares to then make one, and the price then goes up 10 times. It is usually used to increase the price of the stock to entice investor attention and make the stock remain listed on the exchange’s minimum qualifying price. B.   The importance of understanding reverse stock splits for investors Reverse share splits are something that investors will want to know about because they could impact your portfolio, and help explain what the company’s actual financial health really is. A reverse split is not normally an improvement in value itself, but here again, it is another one of those points that can indicate a change. If they can understand the impacts of a reverse stock split, investors aren’t in the dark and can then decide whether or not to hold on to shares. Read More: Delisting of Shares / Stocks: Meaning & How It Works in 2025 II.... --- ### Best chemical Stocks in India 2025 - Published: 2025-02-24 - Modified: 2025-02-24 - URL: https://coinswitch.co/switch/personal-finance/best-chemical-stocks-in-india/ - Categories: Personal Finance - Tags: best chemical stocks, best chemical stocks in india, chemical companies in india, chemical sector stocks, chemical stocks in india, top 10 chemical stocks in india, top chemical stocks in india I. Introduction The chemical industry, a vital player in India, contributes significantly to the global market too. It is included in sectors like pharmaceuticals, agriculture, textiles and others. Its explosive growth has made it a robust industry with parallel opportunities for investors who want to add diversity to their portfolios. A. An overview of the chemical industry in India India vies to be the most important chemical industry in the world with a commercial value of over $220 billion. The chemical sectors are involved in the manufacturing of these technical chemical compounds, petrochemicals, agrochemicals, and natural and inorganic chemicals. There is an expectation that the industry will grow very fast on account of domestic demand and export opportunities. B. The importance of investing in chemical stocks If you’re looking for exposure to a high-growth industry essential for most sectors then the best chemical stocks in India might be something you want to explore. One good thing about chemical companies is that they are very stable and have very good demand. That makes them a very good long-term investment. With the industry getting larger, chemical stocks offer great prospects for capital appreciation and hefty returns. Read More: Best Pharma Stocks to Buy in India in 2025 II. Criteria for selecting the best chemical stocks Investments in chemical stocks should be made cautiously. Speciality chemicals, agrochemicals and basic industrial chemicals are significant in the chemical industry. Consider the following aspects before selecting the best chemical stocks in India to invest in. A. Financial... --- ### 85% Historical 'Yes'! Pi Network Coin Community 'Convinces' Binance for Listing - Published: 2025-02-20 - Modified: 2025-02-20 - URL: https://coinswitch.co/switch/news/pi-network-coin-on-binance/ - Categories: News - Tags: pi coin value​, Pi Network Coin, pi network coin​, Pi Network Coin Community Pi Network’s native token, Pi Coin (PI), has captured the imagination of crypto enthusiasts with its unique approach to mobile mining, reducing costs significantly and increasing accessibility. Amid rumors about a potential Binance listing for the coin, the world’s largest crypto exchange launched a community vote to decide on the matter early this week. Now, reports indicate that an overwhelming 85% of voters support listing Pi Coin on Binance, taking it a step closer to listing. Furthermore, Pi Network’s Open Mainnet is scheduled to go live on Feb. 20, 2025, at 08:00 a. m. UTC. https://twitter. com/Cryptowithkhan/status/1891729854548066670 The Pi Network community has been waiting with their fingers crossed for their digital asset to get recognition on some of the major crypto exchanges. With historical trends showing an 85% success rate for community-driven listings and voting scheduled to end on Feb. 27, could this be the moment when Pi pioneers a new era in crypto trading? How Community Support Influences Exchange Listings 1. The Power of a Strong User Base Binance has a history of listing crypto assets that demonstrate significant community backing. With millions of users actively engaged in Pi Network, this level of support makes a strong case for exchange consideration. 2. Social Media Campaigns & Petitions The Pi Network community has launched multiple campaigns, petitions, and discussions across platforms like Twitter, Reddit, and Telegram to push for a Binance listing. Such organic movements have historically influenced Binance’s listing decisions. 3. Trading Potential & Liquidity Exchanges seek projects that... --- ### Capital Asset Pricing Model (CAPM): Meaning & Assumptions - Published: 2025-02-19 - Modified: 2025-02-19 - URL: https://coinswitch.co/switch/personal-finance/capital-asset-pricing-model/ - Categories: Personal Finance - Tags: assumptions of capm model, capital asset pricing model, capm, capm assumptions, capm meaning, capm model, what is capm, what is capm model I. Introduction If you are into share market investment and wondering what CAPM or Capital Asset Pricing Model is, then we have got you covered. Today, we discuss the assumptions of the CAPM model, their meaning, and more. A. Understanding CAPM Capital Asset Pricing Model, or CAPM, is a financial tool that helps estimate the returns you can expect from a security investment. In other words, it is a financial metric that determines the value of a security. B. Importance of CAPM in finance CAPM is an important concept in finance and investment matters. It helps investors gain a clear idea about a security’s ability to offer returns to the investor. It also evaluates the risks and the investment’s sensitivity to market changes. Therefore, the CAPM plays a crucial role in determining risk-free assets and boosting investment decision-making. II. Key components of CAPM The Capital Asset Pricing Model has several components. Before we discuss the assumptions of CAPM, let’s learn about these components briefly. A.  Risk-free rate The first and foremost important component of the Capital Asset Pricing Model is the Risk-free rate. Let’s assume the risk-free rate is 2% PA. This is typically represented by the profit yield on government bonds. Therefore, they tend to be considered as no-risk virtually. B.  Beta Another essential component of the CAPM model is Beta. Beta denoted as Ba or BI is a measurement of a security’s risk reflected through its market price fluctuations relative to the overall market. In simple terms, beta... --- ### Pi Coin Mainnet Launch | Binance to list Pi Coin? Rumor vs. Reality - Published: 2025-02-18 - Modified: 2025-02-18 - URL: https://coinswitch.co/switch/news/pi-coin-mainnet-launch/ - Categories: News - Tags: how to sell pi coin in india, Pi Coin Mainnet Launch, pi cryptocurrency, pi network launch date, pi network launch date in india, pi network mainnet launch Introduction The crypto world is buzzing with speculation about Pi coin mainnet launch and whether Binance will list Pi Coin. With millions of users eagerly waiting, the news is trending across social media and crypto forums. But is the news for real, or is it unconfirmed? We will give you the lowdown on what is happening to help you separate fact from fiction. What is Pi Network? Pi Network emerged as a unique digital currency project that seeks to make crypto mining accessible to everyday users via mobile devices. Founded by a team of Stanford graduates in 2019, the network has attracted a large community of supporters. However, Pi remains in its enclosed mainnet phase, which means transactions are limited to within its ecosystem until it fully integrates with external exchanges. Read More: What is Pi Coin’s Expected Launch Price? Binance and Pi Coin Listing Rumors: A fact check The rumor that Binance, one of the largest crypto exchanges, is set to list Pi Coin has surfaced multiple times over the past year. Many social media posts and unofficial sources claim Pi will soon be tradable on Binance. However, Binance has not made any official announcement about this. On Feb. 17, 2025, beincrypto. com reported that Binance is holding a community vote to decide on the listing of Pi Network’s native token Pi after its expected launch on Feb. 20.   Historically, Binance has followed a strict evaluation process before listing a token. To be sure, the project needs to... --- ### What is Pi Coin’s Expected Launch Price? - Published: 2025-02-18 - Modified: 2025-02-18 - URL: https://coinswitch.co/switch/crypto/pi-coins-expected-launch-price/ - Categories: Crypto - Tags: 1 pi coin value in indian rupees, Pi Coin, pi coin price in india, Pi Coin value, what is pi coin Pi Network has gained significant global attention as a mobile-mined crypto project with a massive user base. As the network’s open mainnet launch approaches, many are eager to know the expected price of Pi Coin once it gets listed on major exchanges. While there is no official confirmation yet on its initial value, market factors, and expert opinions can help estimate a possible launch price. Factors Influencing Pi Coin’s Launch Price 1. Community Strength and Adoption Pi Network boasts a global community of millions of users, which could create strong demand for the token on launch. A large user base often drives higher initial valuations, but actual trading volume will determine its price stability. 2. Market Conditions and Crypto Trends The state of the broader crypto market at Pi's launch will play a key role. If the market is bullish, Pi Coin may see a higher valuation, while a bearish trend could lead to a lower trading price. 3. Exchange Listings and Liquidity The availability of Pi Coin on major exchanges like Binance, Coinbase, and Kraken will significantly impact its launch price. A broader listing means better liquidity, potentially leading to higher price discovery. 4. Utility and Real-World Use Cases For a crypto to sustain value, it must have real-world applications. Pi Network’s development of an ecosystem for transactions, services, and smart contracts could influence its initial price and long-term stability. Pi Coin Price Predictions While no official launch price has been declared, here are some price estimates based on... --- ### How to Open Demat Account Online in 2025 - Published: 2025-02-17 - Modified: 2025-02-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-open-demat-account/ - Categories: Personal Finance - Tags: demat account, demat account application, how to create demat account, how to make demat account, how to open demat account, open demat account, what is demat account I. Introduction Anyone who wants to invest in the stock market must open a demat account. Whether you’re investing in stocks, bonds, mutual funds, or another economic instrument, a Demat account is one of the fundamental and vital requirements. As the number of people looking to trade online soars, trading has become easier too—with Demat accounts. Assuming that learning how to open a Demat account online is of interest to you, this is a good place to begin.   II.  Understanding Demat accounts A Demat account offers security for your stocks and other securities, either as actual securities or in the virtual form itself. As an investor, you can store your shares in it without having to physically store or handle them. You can store them along with the related paperwork needed to invest in stocks, bonds, Index Mutual funds, Government securities, Insurance, and exchange-traded funds (ETFs).   A. What is a Demat account? The term Demat account allows people to hold shares and securities in an electronic/dematerialized form. In other words, while trading online, users buy the shares and keep them in a Demat account for easy trading. In simple words, it allows you to keep everything you have invested in—shares, government securities, exchange-traded funds, bonds and mutual funds—in one place. The digitization process that enabled Demat made things easier not only for the Indian stock trading market but also for the Securities and Exchanges Board of India (SEBI), which was striving for better governance. Moreover, the Demat account... --- ### Momentum Trading Explained : A Basic Guide - Published: 2025-02-17 - Modified: 2025-02-17 - URL: https://coinswitch.co/switch/personal-finance/momentum-trading-explained/ - Categories: Personal Finance - Tags: momentum investing, momentum strategy, momentum trading, momentum trading strategies, what is momentum trading I. Introduction Momentum trading often appears more like a reactive response to market trends than a well-thought-out strategy. After all, the appeal of selling underperforming stocks and buying those on the rise is strong, but it contradicts the classic Wall Street principle of ‘buy low, sell high. ’ So, why do traders use this type of trading? And does it make sense to use it? Read on to find out. A. Setting the stage Momentum trading, often known as ‘momo,’ is a trading strategy and not an emotional response. It capitalizes on the continuation of the existing trends of an asset price. It is one of the popular trading moves a lot of investors or traders prefer to use. B. The importance of understanding momentum trading Understanding momentum trading in investment is quite useful as it helps traders identify the securities that possess a strong price movement for the future, whether it is downwards or upward. Thus, they can enter the positions to make a profit from the momentum that continues to move in the same direction. II. What is momentum trading? If you want to incorporate momentum trading strategies in your investment moves then you must begin by learning what momentum trading is first. Without knowing what it is, you won’t be able to make the most of this trading strategy. A. Definition and Core Concepts To begin with momentum trading you must learn about its definition and core concepts. By definition, momentum trading is a trading strategy that... --- ### Crypto Perpetual Futures on CoinSwitch PRO: A guide - Published: 2025-02-14 - Modified: 2025-02-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-perpetual-futures-on-coinswitch-pro-a-guide/ - Categories: Crypto Futures Financial and commodity derivatives—contracts that derive value from underlying traditional assets such as crude oil, gold, equities, and commodities—have grown exponentially in India in the last two decades. With the advent of crypto as an asset class, crypto futures trading is now available in India on CoinSwitch, India’s leading crypto platform. Crypto futures, a type of crypto derivative, is a legally binding agreement between two parties to buy or sell a specific crypto at a predetermined price on a specified future date. Perpetual futures do not expire, allowing the trader to hold them until exit.   CoinSwitch PRO, a professional crypto trading platform from CoinSwitch, provides traders with a seamless trading experience, including crypto futures trading. Launching a trustworthy crypto futures platform aligns with CoinSwitch’s vision to make money equal for all.   This blog post will discuss crypto futures in detail. We will simplify technical aspects related to crypto futures trading, such as margin, leverage, and funding fees, for you as we explain how crypto futures trading works on CoinSwitch PRO. What are crypto futures? Crypto futures are derivative contracts that allow traders to take a position on the future price of crypto without actually owning it. Crypto futures contracts obligate the buyer to purchase, or the seller to sell, a specific crypto asset at a predetermined price on a specific future date.   Coinswitch PRO provides a trustworthy platform for crypto futures traders to lock in prices and take positions on price movements with adequate leverage while managing... --- ### What is Book Value in Share Market and How to Calculate it? - Published: 2025-02-11 - Modified: 2025-02-14 - URL: https://coinswitch.co/switch/personal-finance/book-value-in-share-market/ - Categories: Personal Finance - Tags: book value, book value formula, book value in stock market, book value vs market value, how to calculate book value, what is book value, what is book value of share I.  Introduction Assessing a listed company’s value is complex. Investors and analysts use various measures to determine if its valuation aligns with its share price. One key metric is book value. It helps gauge whether its stock is overvalued or undervalued. If you do not know what book value is, there is nothing to be worried about. Many newbies feel confused by the book value of an asset, but we’ve got you. Today we will explore the topic of the book value of a company in the share market. A.  Definition of book value As per the definition, book value refers to the net asset value of a company. It is also known as shareholders’ equity, a financial metric that reflects a company’s net worth. Book value represents the net value of a company’s assets available for paying off the company’s liabilities. B. Importance of book value in the share market Book value plays a crucial role in determining the worth of an asset. Most pro investors in India use book value to evaluate the fair value of an asset while making investment decisions. Also, book value is important for the companies participating in the share market to attract more investors. Read More: What is a Shareholder (Stockholder): Meaning, Equity, and Rights II. Components of book value When you want to learn about what is book value in the share market and how to calculate book value, you must begin with the basics. To get you started, here is a... --- ### Delisting of Shares / Stocks: Meaning & How It Works in 2025 - Published: 2025-02-10 - Modified: 2025-02-10 - URL: https://coinswitch.co/switch/personal-finance/delisting-of-shares-and-stocks/ - Categories: Personal Finance - Tags: delisted meaning, delisted share price, delisted stock, delisting of securities, delisting of shares, delisting regulations I. Introduction of delisting of shares The meaning of delisted is that a company’s shares no longer trade publicly on a stock exchange and are therefore removed. It may be voluntary or involuntary, but there are some factors such as non-compliance or strategic decisions that result in this process. A. Setting the stage Listing a company’s shares in the stock market is good for companies because it provides ways to raise capital or public capital as the company allows its shares to be sold to investors. It helps companies become more seen, credible, and liquid. In fact, investors can trade these shares on the stock exchange. B. Importance of delisting of shares Delisting can be very crucial for the company as well as for the company’s shareholders. There might be motivation to delist a company—voluntarily to restructure, become less regulated, or just focus on long-term goals. Sometimes involuntary delisting may occur because of noncompliance with listing regulations and it may cause loss of liquidity, as well as value for the shareholders. II. Understanding the delisting of shares The meaning of delisted refers to the removal of the company’s shares from the stock exchange and thereby taking the company out of public trading. It can happen voluntarily or involuntarily. Delisting reasons include mergers and acquisitions, non-compliance with the listing requirements, financial distress, or strategic intentions. A. Definition of delisting of shares The meaning of delisting of shares refers to when a listed security is withdrawn from a stock exchange trading board.... --- ### Best mutual funds for lump sum investment in India in 2025 - Published: 2025-02-10 - Modified: 2025-02-14 - URL: https://coinswitch.co/switch/personal-finance/best-mutual-funds-for-lump-sum/ - Categories: Personal Finance - Tags: best long term mutual funds, best lumpsum mutual fund, best mutual funds, best mutual funds for sip, long term mutual funds, top mutual funds I. Introduction of best mutual funds for a lump sum Mutual funds are an excellent investment option if you wish to gradually increase your money. Professional fund managers use the money that numerous investors pool together, combining it to form a diversified portfolio. Their access to equities, bonds, and even money market instruments lowers barriers to creating a successful financial approach for the best lump sum investment plan. A.   An overview of the best mutual funds in India In this article, we can cover mutual funds in India. The reason for their popularity in India for the past five decades has been their flexibility, transparency, and high returns potential. Regulated by the Securities and Exchange Board of India (SEBI) to protect the investor of these funds. Now there are different schemes available and you can invest based on your risk appetite and investment period. B. The importance of lump sum investment Mutual funds have the best lump-sum investment plans. That means you do not have to keep investing it on a recurring basis or a monthly basis. This approach can result in significant wealth. If you invest during dips in the market or for long-term financial goals, your compounded returns are likely to be immense. II. Factors to consider before investing The best lump sum investment plan in mutual funds can be an effective investment to grow your wealth. However, some factors come into play and you should be aware of them to make the best returns.    A.... --- ### SmartInvest on CoinSwitch PRO: Expert trading strategies to maximize profits - Published: 2025-02-06 - Modified: 2025-02-06 - URL: https://coinswitch.co/switch/crypto/smartinvest-on-coinswitch-pro/ - Categories: Crypto - Tags: algo trading, coinswitch pro, Crypto traders, crypto trading, SmartInvest Not all crypto traders are created equal. Depending on your market knowledge and technical expertise, crypto trading can be simple, complex, or intimidating. Sensing a knowledge gap, India’s leading crypto platform, CoinSwitch, has launched SmartInvest, a personal guide to help its users maximize profits by integrating expert trading strategies into their portfolios.   CoinSwitch is on a mission to make money equal for all and SmartInvest lives by this vision by making crypto investment accessible to all Indians.   Other offerings from CoinSwitch include CoinSwitch PRO, Crypto Futures Trading, API Trading, Crypto Deposit, and CoinSwitch Cares, a ₹600-crore asset recovery program for users affected by the alleged WazirX cyber attack.          Yes, crypto algo trading is wildly popular among traders. However, API trading requires basic coding knowledge, which many lack. Additionally, crypto algo trading requires considerable time and a deep understanding of the crypto market to devise strategies to navigate market volatility.   If you are overwhelmed by the technicalities of crypto algo trading and need professional help, CoinSwitch’s SmartInvest will come in handy. The product allows users to benefit from crypto trading without the hassle of active trading and constant monitoring. Let’s dig in.   What is SmartInvest?   SmartInvest is a crypto trading innovation that enables crypto enthusiasts to participate in the crypto market without the hassle of testing and creating trading strategies.   As the name suggests, SmartInvest is a crypto investment product. We have carefully selected the expert traders available on the CoinSwitch PRO platform. To... --- ### Income Tax Slabs and Rates: 2025–2026 Taxpayers Best Guide - Published: 2025-02-01 - Modified: 2025-02-01 - URL: https://coinswitch.co/switch/personal-finance/income-tax-slabs-and-rates/ - Categories: Personal Finance - Tags: Income Tax Slabs, Income Tax Slabs and Rates, Income Tax Slabs and Rates 2025–2026 Finance Minister Nirmala Sitaraman presented the Union Budget 2025-2026 on 1st February 2025. While the budget provided major personal income tax cuts for middle-income earners, it maintained the status quo when it comes to taxation on Virtual Digital Assets (VDA) and cryptos.   Overall, the budget gave a major relief for the Indian middle class by tweaking the tax slabs and rates for those who have opted for the new tax regime. The result of these tweaks - zero income tax for annual income up to Rs. 12 lakh. The tax bonanza will lead to a savings of Rs. 80,000 for the middle class.    The budget had some major takeaways for agriculture and women empowerment but was silent on crypto taxation in India.   Here are the revised tax rates under the new tax regime. Read on to learn more.   Overview of income tax slabs under the New Tax Regime for FY 2025-26  The Union Budget 2025 offered a tax bonanza for middle-income taxpayers.   Individuals filing income tax returns under the new regime will have tax-free income up to Rs. 12 lakhs and will save Rs. 80,000 on taxes, which is essentially their entire tax liability, helped by a standard deduction of Rs. 75,000,  The tax boost will bring cheer to the Indian middle class, boosting spending in the next financial year.     A comparison of tax slabs between FY 2024-25 and FY 2025-26 under the new tax regime. FY 2024-25 Income Tax SlabFY 2025-26 Income Tax... --- ### Shareholders Equity - Definition, Formula, Calculation - Published: 2025-01-31 - Modified: 2025-01-31 - URL: https://coinswitch.co/switch/personal-finance/shareholders-equity/ - Categories: Personal Finance - Tags: how to calculate shareholders equity, shareholders equity, shareholders equity formula, shareholders equity meaning, total shareholders equity, what is shareholders equity I. Introduction The owners’ residual interest in a company, represented by shareholders equity, is the amount left over after all liability has been subtracted from total assets. It is what a company would get back to shareholders if liquidated; it’s the value of a business. A.   Definition of shareholders equity Shareholder equity is the full quantity of capital owned by an organization’s shareholders. An organization’s net value is calculated by subtracting its liabilities from its assets. They encompass common stock, retained earnings, and additional paid-in capital. B.   Importance in financial analysis Shareholder’s equity is a key economic metric in the monetary evaluation of a business enterprise’s long-term economic stability and growth capability. It enables investors to decide if the agency is growing in value if it is sufficiently strong enough to run, and if it can pay dividends. The shareholders fund formula is used by buyers to study the underlying value of an organization and make sound funding selections. Read More: What is a Shareholder (Stockholder): Meaning, Equity, and Rights II. Components of shareholders equity Owners of the company are owed the shareholder’s equity after all liabilities have been paid. This is a crucial item in the books and is often used as shareholders’ funds (or net assets). Understanding the components of shareholders equity is the way to evaluate a company’s financial health and profitability. The key components of shareholders equity are described below. A. Common stock Shareholders’ ownership interest in a company is common stock. Equity is... --- ### Top Undervalued Stocks in India for 2025 - Published: 2025-01-30 - Modified: 2025-01-30 - URL: https://coinswitch.co/switch/personal-finance/top-undervalued-stocks-in-india/ - Categories: Personal Finance - Tags: top undervalued stocks in india, underperforming stocks, undervalued blue chip stocks india, undervalued it stocks india, undervalued stocks, undervalued stocks india, undervalued stocks with good fundamentals I. Introduction Shares of some corporations trade at less than their intrinsic values. Such shares are known as top undervalued stocks. Investors looking to buy low and go home with high returns must discover such stocks.   To identify undervalued stocks in India, financial metrics, economic conditions and the performance of the company have to be analyzed. Companies with solid fundamentals sometimes have an undervalued stock because of temporary factors. Because of their lower value, they are likely to be overlooked by the broad market. Low price-to-earning (P/E) ratios, high dividend yields or large earnings potential may not be factored in by investors yet. An overview of undervalued stocks in India Undervalued stocks in India present opportunities for investors to buy shares at prices below their intrinsic value. Key sectors often include banking, automobiles, and pharmaceuticals. In this article, we look at some of the undervalued stocks from these and other sectors. II. Understanding undervalued stocks A stock is considered as undervalued if its market price is considered less than what the stock is worth. Undervalued stocks in India are risky to invest in but they can sometimes yield great returns. Definition and characteristics Finding stocks which are undervalued is like discovering a hidden gem of the stock market. Investors can get good profits when the market corrects their prices, as they are worth more than their market price. These stock prices are very low as compared to their actual value and sometimes because of some temporary market conditions, bad... --- ### Microsoft is in Talks to Acquire TikTok, says Donald Trump - Published: 2025-01-29 - Modified: 2025-01-29 - URL: https://coinswitch.co/switch/news/microsoft-to-acquire-tiktok/ - Categories: News - Tags: Donald Trump, Microsoft, TikTok, US President Donald Trump US President Donald Trump has said that tech giant Microsoft Corp. is in talks to acquire US operations of popular social media platform TikTok. The announcement has garnered significant attention, highlighting the intersection of technology, politics, and national security concerns. For context, Trump and his predecessor, Joe Biden, have been trying to persuade the video app’s Chinese parent company ByteDance to sell its US arm on national security grounds. TikTok has faced intense scrutiny from US lawmakers and officials due to concerns over data privacy and its close ties with the Chinese government.   Most recently, TikTok, which has about 170 million American users, briefly went offline after the Biden administration imposed a ban. However, on Jan. 20, President Donald Trump signed an executive order that delayed the ban's implementation by 75 days. The order requires TikTok US to sever ties with its parent ByteDance or face a ban in the US.    But this is not the first time Microsoft’s name has been mentioned as a potential buyer of TikTok. In August 2020, Microsoft expressed willingness to hold talks with TikTok following a discussion between Microsoft CEO Satya Nadella and then President Trump. Software maker Oracle’s name was also mentioned as a potential suitor around the same time. If the deal goes through, it would allow Microsoft to address US government concerns over national security. Previously, billionaire Frank McCourt and Canadian entrepreneur Kevin O’Leary were also mentioned as prospective TikTok buyers. Read More: Microsoft Cloud has a date with... --- ### DeepSeek's AI Breakthrough: Unveiling The Power - Published: 2025-01-28 - Modified: 2025-01-28 - URL: https://coinswitch.co/switch/news/deepseek-ai/ - Categories: News - Tags: deep chat, DeepSeek, DeepSeek Platform, deepseek r1, DeepSeek-R1 Release DeepSeek, a Chinese AI startup, has upended the world of AI with its latest large language model, R1. The performance of DeepSeek’s AI models matches that of its Western rivals. Furthermore, they are cheaper to train as they use less computer power. The impact was almost immediately visible on America’s tech-heavy NASDAQ index on January 27th as the share prices of AI chip maker Nvidia and cloud-computing giants such as Alphabet, Amazon, and Microsoft slumped.   Exploring the Origins of DeepSeek’s AI Technology DeepSeek began life as a Chinese hedge fund and, in time, emerged as an AI startup. Driven by its innovative techniques, DeepSeek’s launch of its latest large language model, DeepSeek-R1, has alarmed some big US tech giants that have invested heavily in developing AI infrastructure.       The inception and evolution of DeepSeek Liang Wenfeng, who has a background in finance, founded DeepSeek in 2023. Wenfeng used his knowledge of AI to create a language model that could stand up to big names in Silicon Valley, but at a fraction of the computer power and hence just a fraction of the cost. As the AI race heats up, Hangzhou, China-based DeepSeek's rise shows that great ideas can emerge anywhere. DeepSeek’s AI models demonstrate that cost is not a constraint to developing AI technology. DeepSeek's foundational technologies and their impact At the center of DeepSeek's success is a mix of innovative technology and a strong focus on efficiency. More importantly, the company released its AI model as open-source, giving... --- ### Trump Administration Repeals SAB 121, Greenlighting Banks to Custody Bitcoin and Crypto Assets - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://coinswitch.co/switch/news/trump-administration-repeals-sab-121-greenlighting-banks-to-custody-bitcoin-and-crypto-assets/ - Categories: News Introduction: In a landmark decision for the cryptocurrency market, the Securities and Exchange Commission (SEC), under the new Trump administration, has officially repealed Staff Accounting Bulletin 121 (SAB 121). This move, which took effect as of January 23, 2025, now allows U. S. banks to provide custodial services for Bitcoin and other cryptocurrencies, marking a significant shift in the regulatory landscape for digital assets. The Repeal of SAB 121: SAB 121 was originally implemented in 2022 by the SEC with the intention of safeguarding investors by compelling financial institutions to account for crypto assets held on behalf of clients as liabilities on their balance sheets. This accounting practice essentially made it economically unfeasible for banks to engage in crypto custody due to the capital requirements it imposed. However, with the repeal, banks can now treat these assets differently, potentially leading to a surge in institutional involvement in the crypto space. Implications for the Banking Sector: The decision to scrap SAB 121 has been met with enthusiasm from the banking sector, with major institutions like JP Morgan already announcing plans to launch crypto custody services. This opens up new revenue streams for banks and could lead to a more integrated approach to digital assets within traditional finance. The move is expected to enhance the infrastructure for crypto transactions, making them more accessible and secure for retail and institutional investors alike. Political and Regulatory Context: The repeal reflects the Trump administration's broader pro-crypto stance, aligning with Trump's executive orders aimed at fostering... --- ### John McAfee 'Returns From the Dead' to Promote Memecoin on Elon Musk's X - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://coinswitch.co/switch/news/john-mcafee-memecoin/ - Categories: News - Tags: $AIntivirus, AINTIVIRUS, John McAfee The Event In an unexpected and surreal twist, the late cybersecurity magnate John McAfee, known for his eponymous antivirus software, has seemingly resurfaced—well, sort of. His return isn’t in the flesh, of course, but in the form of a new AI-powered meme coin making waves on social media. The token, AINTI, has emerged as the latest chapter in a bizarre saga of posthumous digital entrepreneurship that’s taken over Elon Musk's social media platform X (formerly Twitter). https://twitter. com/officialmcafee/status/1882252337286459791? ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1882252337286459791%7Ctwgr%5E4f82b5e3e7b6836856a96752665a7da3264aadb6%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww. thedailybeast. com%2Fjohn-mcafee-resurrected-from-death-to-proffer-crypto-meme-coin%2F The Rebirth of McAfee’s Legacy John McAfee, the eccentric billionaire who was known as much for his outlandish antics as his antivirus software, passed away in June 2021 under mysterious circumstances. Yet, his brand—never one to shy away from the spotlight—seems to have been resurrected in a way few could have predicted. AINTI, which is being marketed as a meme coin, has already garnered a sizable following, with its market cap reportedly hitting $27 million shortly after its launch on January 23. A Chaotic Tribute or Exploitative Marketing? While McAfee’s widow, Janice McAfee, has openly supported the launch of AINTI, many question the ethical implications of resurrecting a deceased figure’s likeness for profit. After all, the meme coin craze is hardly a stranger to controversy, with other celebrity-driven tokens often accused of preying on public sentiment for quick, speculative gains. However, supporters argue that McAfee's unique legacy makes him an ideal figure for a memecoin—someone whose rebellious spirit and larger-than-life persona align perfectly with the crypto world. In fact,... --- ### Exploring $Melania Coin: Price Trends, Market Cap, and More - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://coinswitch.co/switch/news/melania-coin-price-trends/ - Categories: News - Tags: $Melania Coin, $Melania Meme Coin, melania trump Introduction The crypto industry is known for its trendsetting offerings. Recently, $Melania Coin has caught the attention of investors who love digital assets. It was launched at a time when meme coins were becoming popular and Donald Trump is back in the White House for a second term. To be sure, $MELANIA is an interesting coin to explore for crypto investors. This blog post will discuss the price trends and market cap of Melania Coin. It will also discuss what it means in the world of crypto. Is this an investment opportunity, or is it just a political hype riding on Trump’s popularity? Understanding $Melania Coin: Its Price Trends, Market Cap, and Key Features Melania Coin, which uses the symbol $MELANIA, is a meme coin launched by US First Lady Melania Trump. Like the TRUMP coin, the MELANIA Coin ties strongly to politics and online culture. To understand its price trends, you must look closely at its market performance. This includes the coin’s ascent in the Indian market, its past price changes, and its overall market size. 1. Overview of $Melania Coin's Performance in the Indian Market The interest in meme coins is soaring in the Indian crypto market, as seen in the trading volume of similar coins. The current price of $MELANIA, as seen on platforms like CoinMarketCap, changes with global trends. It's important to keep in mind that the value of meme coins is very uncertain. They are often influenced by social media buzz and public opinion. So,... --- ### Donald Trump’s $TRUMP Meme Coin Frenzy: What You Need to Know - Published: 2025-01-24 - Modified: 2025-01-24 - URL: https://coinswitch.co/switch/news/donald-trumps-trump-meme-coin/ - Categories: News - Tags: $TRUMP Coin, $TRUMP Meme Coin, Donald Trumps Introduction US President Donald Trump launched his meme coin, $TRUMP, which is rapidly gaining popularity in the crypto market. CIC Digital LLC, an affiliate of the Trump Organization, coordinated the venture. Unpacking the Phenomenon of Donald Trump's $TRUMP Meme Coin The rise of $TRUMP shows a fascinating mix of politics and cryptocurrency. The coin is riding high on Donald Trump's appeal to large segments of the population, making it into digital money. We saw a big jump in trading volume and market value right after the coin was launched. Market experts are discussing whether $TRUMP can last and if it has real value. However, its early success highlights the importance of branding and community support. It also points to the importance of associating with well-known personalities, even in the unique world of meme coins. 1. Origin and Rise of $TRUMP Meme Coin in India The $TRUMP meme coin is gaining attention in India, a large crypto market. The coin operates on the Solana blockchain, which is known for being fast and efficient, making it popular among India's tech-savvy investors. There are a few reasons for its rise in popularity. First, India has many retail investors who are keen to explore cryptocurrencies to make profits. Second, meme coins like $TRUMP are easier to invest in than well-known coins like Bitcoin or Ethereum. This makes them attractive to new investors. Additionally, India's evolving landscape for digital assets is showing a positive shift toward accepting cryptocurrencies. Easy-to-use trading platforms also help boost interest... --- ### Treasury Bills in India: Definition, Status and Rates - Published: 2025-01-22 - Modified: 2025-01-22 - URL: https://coinswitch.co/switch/personal-finance/treasury-bills/ - Categories: Personal Finance - Tags: 91 day t bill, investing in t bills, investing in treasury bills, t bill interest rate, t bills, treasury bills I. Introduction Short-term debt units that the Government of India brings out to mobilize its short-term liquidity necessities are known as Treasury Bills (T-Bills). They are secured and reliable, but are an investment with cyclical returns. The returns follow these cycle times: 91 days, 182 days or 364 days depending on when the term ends. Investors earn interest by buying T-Bills at a discount and maturity redeem at full face value; the difference represents interest earned. Overview of treasury bills Treasury bills are available for purchase in India through the National Stock Exchange (NSE), commercial banks, and the Reserve Bank of India’s public auction. With the RBI’s Retail Direct Scheme, retail traders now have an easy and simple way to purchase authority assets if they are unsure how to buy treasury bills in India. The risk-free T-bills are priced to suit investors seeking secure returns. II. Meaning of treasury bills A short-term debt security issued by the government to raise funds is called treasury bills. They come with maturities of up to one year with a discount to face value. T-bills are low-risk, liquid investment options for investors looking for short-term returns since the government pays the full face value on maturity. Definition While serving as a short-term (up to one year) borrowing instrument of the Government of India or by a central authority, treasury bills enable investors to park their short-term surplus funds while reducing their market risk. The Reserve Bank of India (RBI) auctions them and issues them... --- ### Standalone Vs Consolidated Financial Statements: Differences - Published: 2025-01-21 - Modified: 2025-01-21 - URL: https://coinswitch.co/switch/personal-finance/standalone-vs-consolidated/ - Categories: Personal Finance - Tags: consolidated vs standalone, difference between standalone and consolidated, standalone balance sheet, standalone financial statements, standalone vs consolidated I. Introduction Financial statements serve as an important tool to see how the company is doing financially. Standalone vs consolidated financial statements are two primary types of financial statements and have different purposes in corporate reporting. Definition of standalone financial statements Standalone financial statements are financial statements with respect to a single entity only. Such statements except the performance of any of the subsidiaries and associate companies. However, they give a clear picture of the company’s individual performance and are usually used by management or investors to see if the company’s performance is good on its individual terms. Definition of consolidated financial statements While consolidated financial statements only combine the parent company and its subsidiaries, combined statements combine the information of a parent company along with any subsidiary or subsidiary company. This is a view of the corporate group’s financial position, performance, and cash flows in totality. The consolidated statements help investors and stakeholders to understand the group’s financial status holistically and based on these consolidated statements the decisions of investments are made. Read More: What are financial statements, and why are they important? II.  Standalone financial statements A standalone financial statement is a financial report of a single entity, which contains its individual performance as they have not consolidated the same of other subsidiaries or associate companies. The balance sheet, income statement, cash flow statement, and statement of changes in equity contain these details of the financial health and operations of a specific entity. Overview As the name suggests,... --- ### How to Buy Melania Trump's $MELANIA meme coin - Published: 2025-01-20 - Modified: 2025-01-20 - URL: https://coinswitch.co/switch/news/melania-meme-coin/ - Categories: News - Tags: How to buy MELANIA Coin, MELANIA Coin, MELANIA Meme Coin Introduction Melania Trump, the new US first lady, is making waves in the crypto world with the launch of her meme coin, $MELANIA, on the Solana blockchain. This blog post is a step-by-step guide for anyone who wants to learn how to buy this digital coin. Let’s get started! Understanding $MELANIA Coin and Its Significance The rise of meme coins like $MELANIA shows how the crypto market is changing. We do not know exactly where $MELANIA will go in the future. However, its existence points to the increasing interest in digital assets and how online communities influence market trends. What is $Melania Coin? The Melania Trump coin, known as $MELANIA, is a meme coin launched on the Solana blockchain network. Like other meme coins, its value derives mainly from its popularity in the community and trading speculation. Launched in January 2025, $MELANIA quickly gained investor attention. It witnessed large price changes, pointing to the volatile nature of the crypto market. DYOR https://twitter. com/MELANIATRUMP/status/1881094861279129643 Why $Melania Coin is Gaining Popularity in India The global crypto market is used to meme coin trends. However, $MELANIA has seen a big rise in interest in India. The country has a fast-growing, tech-savvy population that is starting to use digital assets more frequently. As a result, it has become an important market for crypto trading. There are a few reasons why $MELANIA is becoming popular in India. First, crypto exchanges are easy to access. Second, the low prices of meme coins make it attractive for... --- ### Donald Trump's New $TRUMP Meme Coin Rises 220% in Hours - Published: 2025-01-20 - Modified: 2025-01-20 - URL: https://coinswitch.co/switch/news/trump-meme-coin/ - Categories: News Introduction Donald Trump is making a splash in the crypto world. He understands branding and marketing well. Now, he is getting involved with meme coins, which are very popular. The surge in the price of $TRUMP meme coin has grabbed the attention of crypto investors and fans. The Emergence of $TRUMP Coin in the Crypto Market The launch of $TRUMP Coin has shaken the crypto world. After his victory in the US presidential elections and inauguration event, the meme coin quickly garnered a loyal group of supporters, similar to his past projects. This rise in popularity is reflected in the coin's price and market cap. It showed how strong branding can be, especially in the changing world of crypto. The rise of the $TRUMP Coin also shows how meme coins are shaping views and driving market activity. Meme coins that began life as fun digital assets based on internet trends or famous personalities have quickly grown to emerge as an integral part of the crypto space. Origins and Inspiration Behind $TRUMP Coin $TRUMP Coin, as the name indicates, is inspired by Donald Trump, the 47th President of the United States. It was created to honor his supporters and symbolize his victory as president. This strategy helped the meme coin gain popularity fast. Read More: Dogecoin Price Surges Around 15% After Elon Musk and Trump’s Impact Impact of $TRUMP Coin on the Crypto Landscape Since its launch, $TRUMP Coin has witnessed hectic market activity. The trading volume, which shows how interested investors... --- ### What is CoinSwitch Pro, and how to use it ? > India’s first rupee-denominated multi-exchange trading platform, CoinSwitch Pro. Trade crypto across exchanges with a single login. - Published: 2025-01-20 - Modified: 2025-01-20 - URL: https://coinswitch.co/switch/crypto/what-is-coinswitch-pro-and-how-to-use-it/ - Categories: Crypto, Explainers - Tags: API trading, coinswitch pro, Crypto deposits, Crypto futures, spot trading CoinSwitch, India’s leading crypto platform with more than 2 crore+ registered users, is on a mission to make money equal for all. While the CoinSwitch app simplifies and makes crypto accessible to millions of Indians, CoinSwitch PRO is designed to offer users a seamless and advanced experience in crypto trading on desktop and mobile devices.    CoinSwitch PRO was conceptualized, designed, and engineered to enable professional Indian crypto traders to access the market. Launched in 2022, the platform boasts features such as spot trading, futures trading, spot API trading and futures API trading, crypto deposits, SmartInvest, trading leagues, and much more.   CoinSwitch, a user-first platform, keeps tabs on changing investor preferences and market trends to introduce new features on the CoinSwitch PRO platform. This blog post will run you through the extensive buffet on offer to help you pick ones that suit your trading appetite. Let’s dig in.    What is CoinSwitch PRO? CoinSwitch PRO is a platform within the CoinSwitch app specifically designed to address the needs of professional traders. Needless to say, CoinSwitch takes user security, data protection, and compliance seriously. To guarantee the security of user accounts and transactions, CoinSwitch applies industry-standard security procedures and is also SOC2 compliant.    The PRO platform comes with advanced features such as spot trading, futures trading, API trading for spot and futures, the option to deposit your crypto holdings, and the SmartInvest feature for those who want to be a part of API trading but don’t want to write... --- ### Best Pharma Stocks to Buy in India in 2025 - Published: 2025-01-15 - Modified: 2025-01-15 - URL: https://coinswitch.co/switch/personal-finance/best-pharma-stocks/ - Categories: Personal Finance - Tags: best pharma share, best pharma stocks, top 10 pharma companies in india, top 10 pharma stocks in india, top 10 pharmaceutical companies in india, top pharma stocks in india I. Introduction The business of pharmaceuticals has been growing across the globe due to many driving forces, including increased health expenditure. As for the Indian market, the increasing demand for medicines and a rapidly growing aging population is fuelling its growth. Pharma stocks have therefore emerged as an important investment avenue. In this guide, we focus on the best pharma stocks to buy in India to help you determine the right investments for you.   A. An overview of the Indian pharma sector Pharma stocks in India actually refer to the shares of the businesses involved in the research, manufacturing as well as distribution of medicinal products. These companies operate on different segments of the value chain: branded generics, Active Pharmaceutical Ingredients (APIs), CRAMS and biotech. The over-the-counter pharmacy distribution in the Indian market is diverse with the participation of foreign companies and a large number of Indian small and medium enterprises catering to both domestic and international markets. B. The importance of selecting the right pharma stocks Investing in shares of pharma companies is one of the more important strategies for making money. This industry has stimulants such as research, development, approval of pharmaceutical products and demand from various parts of the world. The best pharma stocks to buy in India can ensure consistent performance particularly as the business operates in a sector that is not very volatile during the recession period. Furthermore, the right stocks will guarantee such growth as the country consolidates its position as the largest... --- ### Crypto Market Analysis | 15 January 2025  - Published: 2025-01-15 - Modified: 2025-01-15 - URL: https://coinswitch.co/switch/market-analysis/15-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin is currently trading above $97K, marking a strong recovery after the sharp dip experienced over the past few days. The rebound can be attributed to better-than-expected Producer Price Index (PPI) data, which brought renewed optimism to the market. However, all eyes are now on today’s Consumer Price Index (CPI) release, which could bring fresh volatility and potentially shift the market's direction. Altcoins are also staging a recovery alongside Bitcoin, with AI-focused tokens leading the charge and posting the highest percentage gains among the major sectors. As the market digests upcoming macroeconomic data, investors would do well to tread cautiously. --- ### Crypto Market Analysis | 14 January 2025  - Published: 2025-01-14 - Modified: 2025-01-14 - URL: https://coinswitch.co/switch/market-analysis/14-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin dropped below the critical $90,000 support before recovering to $94,859, signaling bearish momentum. Historically, January post-halving years have been challenging for Bitcoin, with 30% and 25% drops in January 2017 and 2021, respectively, followed by new all-time highs later in those years. The S&P 500 (SPX) is also under pressure as a stronger US Dollar Index (DXY) and reduced expectations for rate cuts weigh on risk assets. The CME FedWatch Tool shows only a 2. 7% chance of a 0. 25% rate cut this month. Despite short-term volatility, institutional confidence remains strong. MicroStrategy added 2,530 Bitcoin at an average price of $95,972, raising its holdings to 450,000 BTC. Historical patterns and continued accumulation suggest Bitcoin’s long-term prospects remain intact. --- ### Crypto Market Analysis | 13 January 2025  - Published: 2025-01-13 - Modified: 2025-01-13 - URL: https://coinswitch.co/switch/market-analysis/13-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Crypto markets remained fairly stable during the weekend as Bitcoin prices hovered around the 94k mark without much volume. XRP, however, tried to show some strength but failed to breach the crucial resistance at $2. 6 required for a further rally. Markets have been on a slight downturn ever since a stronger than expected economic data is suggesting that the Fed might pause rate cuts in 2025. There was an estimate of 167k jobs added in December, but the actual data bettered it by a huge difference at 256k. On the other hand, stablecoin protocol USUAL is facing backlash as its staked stable coin, USD0++, crashed to 93 cents. The usual team changed its protocol’s documentation, which now mentions this stable coin's floor price as 87 cents. Stablecoins are usually pegged at 1 dollar. USUAL is down 44% in the last seven days alone. --- ### What is a Taper Tantrum in India: Meaning & Examples - Published: 2025-01-09 - Modified: 2025-01-09 - URL: https://coinswitch.co/switch/personal-finance/taper-tantrum-in-india/ - Categories: Personal Finance - Tags: taper tantrum, taper tantrum meaning, tapper tantrum, what is taper I.  Introduction The concept of ‘taper tantrum’ first came into public consciousness when the US Federal Bank decided to taper its treasuries or asset policies in 2013. The entire world economy faced its consequences and some countries are still struggling to overcome its impact on the native stock market economy. Definition of the taper tantrum Taper tantrum refers to the market volatility that the global market suffered from when the US Federal Bank decided to taper its quantitative easing program. In other words, a taper tantrum is a condition when an economy is going through stress and the government thinks there is a crunch of liquidity. Context in the Indian economy In India, a taper tantrum unfolded when the US Federal Reserve declared a slowdown of its quantitative easing process in May 2013. This has raised a common fear among native investors of increasing interest rates and the beginning of an unsupportive economy. They also feared that the money would be pulled out of the emerging economic market of India. Read More: India’s GDP: A comprehensive overview of the world’s fifth-largest economy II. Historical background When the Central Bank buys pre-determined stocks or bonds and other securities of the government with the aim to flush the economy with cash. This process is called quantitative easing. Tapering refers to banking strategies where the central banks slowly wind up to a quantitative easing process. Origins of the term In the Oxford English Dictionary and Middle English, ‘taper’ refers to a candle or... --- ### FDI and FPI: What is The Difference? - Published: 2025-01-09 - Modified: 2025-01-09 - URL: https://coinswitch.co/switch/personal-finance/fdi-and-fpi/ - Categories: Personal Finance - Tags: difference between fpi and fii, FDI, FPI, importance of foreign direct investment I. Introduction Investment or capital is a key component of any country’s financial growth. However, in most cases, a country cannot meet the requirement of capital with internal investments. And that’s where foreign investments such as foreign direct investment (FDI) and foreign portfolio investment (FPI) come into play. But before you put your money into any of them you must understand their differences thoroughly and pick what suits you the best. Today in this blog post, we will discuss the differences between FDI and FPI, their impact on the economy, strategies and objectives, regular framework, case studies, and more. II. Understanding FDI Before we talk about the key differences between FDI and FPI, let’s understand what FDI is first. Foreign direct investment or FDI refers to long-term investments made by foreign entities. They make this kind of investment to establish a lasting and impactful business interest in the other country. In foreign direct investment schemes, investors get management controls. And they actively participate in management tasks of the company. FDI usually involves establishing subsidiaries, merging or acquiring existing entities, and starting a new venture with a local company. Therefore, the primary objective of foreign direct investment schemes is to facilitate economic growth, transfer technologies, create employment opportunities, etc. It also helps to increase production capacity, boost industry-specific growth and more. Read More: Foreign Direct Investment (FDI) in India: What It Is and What Are Its Types? III. Understanding FPI Understanding FPI or foreign portfolio investment is also important before we... --- ### Crypto Market Analysis | 9 January 2025  - Published: 2025-01-09 - Modified: 2025-01-09 - URL: https://coinswitch.co/switch/market-analysis/9-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin dropped to $92,500 yesterday, dragging altcoins to double-digit losses. It has since rebounded above $94,000, with $90,000 as a key support level for bulls to defend. Institutions, which sold heavily after Bitcoin’s December peak, are now buying again below $100,000, according to BlockTrends. Market sentiment hinges on whether BTC can hold steady or face further volatility. --- ### Crypto Market Analysis | 8 January 2025  - Published: 2025-01-08 - Modified: 2025-01-08 - URL: https://coinswitch.co/switch/market-analysis/8-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news As Bitcoin took a nosedive yesterday after briefly crossing the crucial resistance at the 100k mark, other cryptos followed suit. The leading altcoin, Ethereum, dipped below $3,400, losing the last seven days' worth of gains. The volatile move can be attributed to the stronger-than-expected US economic data, which dashed hopes of aggressive rate cuts by the Fed. More than $300 million dollars worth of crypto longs were liquidated in the process. On the other hand, the US’s biggest crypto exchange Coinbase got some regulatory relief as the case between the SEC and Coinbase was halted by a US judge. --- ### Crypto Market Analysis | 6 January 2025 - Published: 2025-01-06 - Modified: 2025-01-06 - URL: https://coinswitch.co/switch/market-analysis/6-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After 10 days of chopping, BTC is again close to testing the crucial 99. 5k USD mark - with 6 consecutive green days in BTC already. If Bitcoin fails to breach this resistance, we could see a downslide in the entire market. However, if Bitcoin flips 100k with volumes, this could start a major rally similar to what we saw in January 2024. On the other hand, Ethereum is struggling to make new highs against BTC with the ETH/BTC pair trading around 0. 037 BTC per ETH. The 0. 04 level has to be broken for ETH to outperform BTC in terms of price action. --- ### What is a Shareholder (Stockholder): Meaning, Equity, and Rights - Published: 2025-01-03 - Modified: 2025-01-03 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-shareholder/ - Categories: Personal Finance - Tags: shareholder, shareholder meaning, shareholder means, Stockholder, what is a shareholder, who are shareholders I. Introduction The person or entity who owns a portion of shares of a company is known as a shareholder. Buying shares is what shareholders do when they invest in a company, paying for it with money. In return the company gives them rights like the ability to vote on major decisions, to get paid out in dividends, and to reap residual cash in the case of capital gains returns. Generally, the way a shareholder does their bit depends on how many shares they own. Big shareholders are most likely to have a lot of influence in corporate governance while small shareholders have little input. The meaning of shareholder is a reference to the holding of shares—that is, the role they play in providing capital to a company for its growth and expansion. The profits made by the company benefit shareholders, and the risks borne by it are losses to shareholders. Public companies that are traded on stock exchanges tend to have many different shareholders—from ordinary retail purchasers to big institutional investors, such as mutual funds and pension funds. II.  Understanding shareholders In the corporate world, shareholders play an important part, as they help the company make decisions and gain rewards. Embracing the importance of shareholders, understanding who they are, and how you can differentiate between them is crucial. A. Definition Another name for a shareholder is the stockholder. The meaning of shareholder is an individual, company or institution that owns at least one share of a company’s stock. Shareholders... --- ### What causes FII outflows and inflows in India in 2025 - Published: 2025-01-03 - Modified: 2025-01-03 - URL: https://coinswitch.co/switch/personal-finance/fii-outflows-and-inflows/ - Categories: Personal Finance - Tags: fii in indian stock market, foreign institutional investors, foreign institutional investors in india, total fii investment in indian stock market, why fii are selling, why fii selling in india, why foreign investors are leaving india I.  Introduction Foreign Institutional Investors, or FII, play a crucial role in the Indian investment market. But do you know what its role is in the investment market, or what causes FII inflow and outflow? If you do not know the answers, keep reading. In this article, we not only discuss the basic concept of FII but also highlight the essential factors that lead to FII inflow and outflows in India in 2025. II. Understanding Foreign Institutional Investor (FII) flows FII has a long history in the Indian stock market or investment market; it can be traced back to 1992. So, if you are interested in the investment market, understanding foreign institutional investors or FII flows is a must. A. Definition and importance Before we learn more about the causes of FII inflows and outflows, let’s learn more about what FII is and its importance in the Indian investment market. By definition, FII refers to firms or agencies that invest in assets of different countries except the country that they have registered under. Examples of FIIs may include overseas pension funds, mutual funds, banks, asset management companies, charitable trusts, institutional portfolio managers, and a lot more. FIIs play a crucial role in any growing investment market. They play the role of catalyst or key driver of investment market growth.   B. Overview of FII activity in India Now that we have learned what FII is and its importance in the Indian investment market, here is a brief overview of FII... --- ### Crypto Market Analysis | 3 January 2025 - Published: 2025-01-03 - Modified: 2025-01-03 - URL: https://coinswitch.co/switch/market-analysis/3-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin bulls continue the momentum as BTC is headed towards an important resistance at 100k mark which Bitcoin hasn’t been able to breach for two weeks. This current rally is primarily fueled by XRP - which has shown immense strength since the year started - growing close to 20%. Ethereum on the other hand has seen record inflows from ETFs in December closing down on the 2 billion dollar mark, double of November. However, it is still sitting below the crucial 3500 USD mark. --- ### Crypto Market Analysis | 2 January 2025 - Published: 2025-01-02 - Modified: 2025-01-02 - URL: https://coinswitch.co/switch/market-analysis/2-january-2025/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin remains range-bound between $92,300 and $96,000, facing resistance amid weakening US retail demand. The Coinbase Premium Index hit a 12-month low, reflecting heightened sell pressure, while long-term holders, sitting on significant profits, pose a risk of new year sell-offs. DeFi giant Aave reached $33. 4 billion in net deposits, surpassing 2021 levels, as Aave v4 and its GHO stablecoin gained traction across blockchains. Meanwhile, altcoins remain directionless, adding to market uncertainty. All eyes are set on Bitcoin’s resistance and broader sentiment as 2025 begins. --- ### Best Defense Stocks to Buy in India 2025 - Published: 2024-12-27 - Modified: 2024-12-27 - URL: https://coinswitch.co/switch/personal-finance/defense-stocks-to-buy-in-india/ - Categories: Personal Finance - Tags: defence sector stocks, defence share, defence share price, defence stocks india, Defense Stocks I. Introduction Defense stocks in India refer to those of companies that make and sell defense technology, tools and services. These businesses make and sell goods to meet the needs of the Indian Armed Forces. They may also send these goods to foreign markets. When you’re thinking about the best defense stocks in India it is important to know that the main factors determining the success of defense companies are the demand they receive from the Armed Forces and the number of bids they win in government auctions. This field involves many different activities, from making guns and armed vehicles to creating advanced space and navy systems. II. An overview of the Indian defense sector The Indian defense industry is vital for keeping the country safe and making sure that India can make its own weapons. India has the second-largest army in the world. The defense field includes things like space systems, land systems, marine systems, and more. The best defense stocks in India have also grown thanks in large part to government backing for making defense weapons. Both state and private defense companies in India make defense goods and tools. III. Top defense stocks to consider in 2024 Defense is an important field because it keeps a country safe from threats both inside and outside. India is focused on improving its defense to become self-sufficient and up-to-date because its economy is still growing. In India’s defense shares market, a lot of big players have popped up, giving investors a... --- ### Best IT Stocks to Buy Now in India 2025 - Published: 2024-12-27 - Modified: 2024-12-27 - URL: https://coinswitch.co/switch/personal-finance/best-it-stock-to-buy-now/ - Categories: Personal Finance - Tags: Best IT stocks, it sector stocks, it stock, IT stocks, top it stocks I. Introduction Not a day passes without you experiencing your daily life being affected by the IT industry in India. From the apps running on your phone to the websites you’re using for work, play, or shopping, IT is at the heart of it all. This technology is now part of daily life, and it shows how vital the best IT stocks in India are to the market. India’s IT sector has consistently grown and is continuing to do so. The interest in digital solutions globally and the fast and sharp upsurge of new technologies fuel the growth in India’s IT sector. Indian IT companies can take advantage of the opportunities at home due to the country’s large pool of tech talent and growing IT infrastructure. A.  An overview of the Indian IT sector in 2024 Many things have changed within the Indian IT business over the past years. It appeared in the early 1990s, and today, it is one of the most essential parts of the Indian economy. When it comes to prices, the Indian IT industry is known to have highly skilled staff and provides very high-quality services.   The Indian IT business consists of three parts: technology, software creation, and IT services. The industry has significantly grown over the years and currently represents the largest employers in this country, overtaking any private business. The best IT stocks in India have also made a significant difference in the country’s GDP. B. The importance of investing in IT stocks... --- ### Crypto Market Analysis | 27 December 2024 - Published: 2024-12-27 - Modified: 2024-12-27 - URL: https://coinswitch.co/switch/market-analysis/27-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After touching $99,000 on Christmas day, BTC has dropped to 96k again as we head to the new year. While BTC has grown by more than 120% in 2024, it is worth noting that BTC had pumped 25% and 15% in the last week of 2020 and the first week of 2021 before topping off in April and then in November that year. Given Bitcoin’s four-year cyclic behavior, analysts predict a similar move this year as well. Meanwhile, Ethereum seems to have taken support near the crucial $3,300 mark and is poised for another leg up, with institutional interest favoring the only other crypto ETF that is traded in the US apart from BTC. --- ### Crypto Market Analysis | 26 December 2024 - Published: 2024-12-26 - Modified: 2024-12-26 - URL: https://coinswitch.co/switch/market-analysis/26-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin bulls pushed near the $100K mark, peaking at $99,963 before retreating below $99,000. December gains stand at 2%, but higher levels face selling pressure. Despite sharp volatility, Bitcoin derivatives remain neutral-to-bullish, signaling steady sentiment. Its 64% correlation with the S&P 500 ties its fate to broader economic concerns. Ether ETFs saw $2. 5B inflows despite a 10% price dip and resistance at $3,500. Institutions like VanEck predict a $6,000 peak by 2025, underscoring long-term confidence. The US Federal Reserve anticipates only two rate cuts in 2025, easing short-term fears for corporate earnings. Meanwhile, Turkey tightens crypto oversight, requiring ID verification for transactions above $425. Crypto markets balance optimism and caution, with macro risks and key resistance levels in focus. --- ### Crypto Market Analysis | 20 December 2024 - Published: 2024-12-20 - Modified: 2024-12-20 - URL: https://coinswitch.co/switch/market-analysis/20-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The crypto markets saw another red day yesterday, marking two consecutive days of decline following the US Federal Reserve’s announcement of its final rate cut of the year. This downtrend can be attributed to the Fed scaling back its target of four rate cuts next year to only two, accompanied by hawkish commentary. While the S&P 500 remains in positive territory, riskier assets like BTC and ETH have taken a significant hit. SOL has also dropped below $200, erasing all of its post-election gains. Meanwhile, Aptos Labs’ co-founder, Mo Shaikh, has announced his resignation as CEO. Avery Ching will step into the CEO role following Shaikh’s departure. Despite this leadership change, the price of APT has remained relatively stable, declining by just 2%, even as other coins face sharper losses. --- ### Crypto Market Analysis | 18 December 2024 - Published: 2024-12-18 - Modified: 2024-12-18 - URL: https://coinswitch.co/switch/market-analysis/18-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin reached another all-time high yesterday, surpassing $108,300, but has since retraced to $104,400. This pullback has caused pain in altcoins, signaling an increase in Bitcoin’s dominance. It’s believed that Bitcoin’s dominance is at a resistance level and may soon correct, allowing altcoins to regain momentum. In other news, the launch of the PENGU token from Pudgy Penguins yesterday saw significant hype, but despite the buzz, it experienced a sharp 50%+ crash due to heavy selling pressure from airdrop participants. The market’s focus now shifts to the upcoming FOMC meeting. While the expected outcome is a 25 basis point rate cut, all eyes are on the Federal Reserve’s decision and its potential impact on the markets. --- ### Crypto Market Analysis | 17 December 2024 - Published: 2024-12-17 - Modified: 2024-12-17 - URL: https://coinswitch.co/switch/market-analysis/17-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin extended its weekend rally, hitting a new all-time high above $107,700, driven by rising spot volumes and the return of the Coinbase Premium during the US session, signaling robust buying activity. On the FTX front, Kraken and BitGo will distribute the first recovery payments to claimants in January 2025, over two years after the exchange’s collapse. In DeFi, Ethena Labs launched its BlackRock-backed stablecoin, USDtb, on December 16, quickly amassing $65. 4 million in TVL. Backed 1:1 by cash equivalents, USDtb offers stability for Ethena’s USDe holders amid market volatility. --- ### Crypto Market Analysis | 16 December 2024 - Published: 2024-12-16 - Modified: 2024-12-16 - URL: https://coinswitch.co/switch/market-analysis/16-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news As BTC touched the all-time high again of $106k after 10 days of consolidation, Bitcoin seems to have marked its support over 2 trillion dollar market cap - making it the 7th largest asset in the world by market cap with Amazon and Google being less than 15% away. This comes as pro-Bitcoin company Microstrategy is set to enter the Nasdaq 100 as per a recent announcement by Nasdaq - as per its 100th annual reshuffling. This means that it will now be a part of one of the world’s largest ETFs with more than 300 billion dollars in AUM. --- ### Crypto Market Analysis | 13 December 2024 - Published: 2024-12-13 - Modified: 2024-12-13 - URL: https://coinswitch.co/switch/market-analysis/13-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With positive inflows in both BTC and ETH ETFs for more than ten days in a row, the bullish sentiment of the market seems to be upheld at a decent pace even as BTC is trading just below the psychological mark of 100k USD and ETH trading below the important figure of 4k USD. Yesterday, the major rally was seen in defi-based coins as restacking protocol Lido Finance’s LDO, Oracle protocol Chainlink’s LINK, and the world’s largest lending/borrowing protocol AAVE saw double-digit percentage growth in the last 24 hours, continuing the bullish trend. On the other hand, the world’s 11th largest crypto by market cap—Avalanche (AVAX)—announced that it has raised 250 million dollars, led by leading investors like Galaxy Digital and Dragonfly, shortly after its blockchain underwent a major upgrade, reducing deployment costs by 99%. AVAX is up 5% in the last 24 hours on this news. --- ### Understand The Functions of Primary Market - Published: 2024-12-11 - Modified: 2024-12-11 - URL: https://coinswitch.co/switch/personal-finance/functions-of-primary-market/ - Categories: Personal Finance - Tags: advantages of primary market, disadvantages of primary market, functions of primary market, importance of primary market, objectives of primary market, primary market I. Introduction The share market can be categorized into two types: primary market and secondary market. The primary market is a crucial part of stock/share investment. The functions of primary market must be thoroughly understood if you want to participate in the share market. However, don't panic; we've got you covered. A. Definition of primary market By definition, a primary market refers to a marketplace where companies issue new stocks or securities that have not been traded or exchanged on any other platform before. So, the primary market is a part of the capital market that deals with the issuance of new securities. The selling is directly from the issuers. There are three primary entities that participate in the primary market: the company or issuer, the underwriter, and the investor. B. Importance of primary market If you want to learn about the functions of the primary market or the basic concept of the primary market, you must understand its importance in the financial landscape. The primary market plays a key role in helping companies issue new stocks and sell them directly to investors. This is important in relation to increasing the company’s capital essential for future growth and expansion. Also, the primary market enables investors to invest in new stocks and diversify their portfolios. II. Functions of primary market The primary market has certain features or functions that you must know about before you enter the market. Below, we will discuss these functions of the primary market in detail. A.... --- ### Best Sugar Stocks to Buy in India in 2025 - Published: 2024-12-11 - Modified: 2024-12-11 - URL: https://coinswitch.co/switch/personal-finance/best-sugar-stocks/ - Categories: Personal Finance The Indian sugar business is a very integral sector of the country’s economy. It helps out the farming industry and also provides employment to millions of citizens. Since the demand for sugar is going up worldwide, investors who seek diversification of their portfolio are keen on acquiring stocks of sugar manufacturing companies. Here’s an overview of the best sugar stocks out there. II. Overview of the Indian sugar industry India produces the most amount of sugar compared to any other country. The sugar industry is one of the significant industries involved in the country’s economy. The government should see to it that prices for sugarcane and sugar are reasonable both for farmers and consumers. The Indian sugar industry directly and indirectly employs millions of people in the country and stands among agricultural industries in the country. India needs sugar because of the increase in population over time, the changing eating habits of people, and high use by businesses such as drinks, drugs, and food processing. It has also become more common to sell sugar in other countries, which has helped the business grow. III. Factors to consider before investing in sugar stocks If you want to know how to invest in sugar business stocks, you may follow these steps: Based on metrics like net income, market cap, net profit margin, and return on equity, investors may analyze the top companies to invest in. Investors may get a sense of the various market values and trends for ethanol companies by looking... --- ### Crypto Market Analysis | 11 December 2024 - Published: 2024-12-11 - Modified: 2024-12-11 - URL: https://coinswitch.co/switch/market-analysis/11-december-2024/ - Categories: Crypto Market Analysis - Tags: bitcoin, Crypto Market Analysis Crypto markets tumbled after Microsoft shareholders rejected a proposal to diversify into Bitcoin, sparking a wave of selling pressure. Bitcoin slipped below the $95K mark, dragging several altcoins deeper into the red. Over $500M worth of leveraged positions, primarily longs, were liquidated within 24 hours.   Ethereum dropped to the $3,500 range, with many altcoins seeing double-digit losses. The Greed & Fear Index eased to 74, reflecting a market reset amid the broader correction. In contrast, MARA Holdings boosted its Bitcoin reserves with a $1. 1B purchase, reaching an industry-first 50 EH/s hashrate, though its shares still closed down 4. 4%. --- ### Purchasing Power Parity (PPP): Theory, Calculation and Examples - Published: 2024-12-09 - Modified: 2024-12-09 - URL: https://coinswitch.co/switch/personal-finance/purchasing-power-parity/ - Categories: Personal Finance - Tags: ppp economics, purchasing power parity, purchasing power parity formula, purchasing power parity theory, what is purchasing power parity I. Introduction Most of the time, the concept of Purchasing Power Parity (PPP) is used to compare the economic output and living standards of different countries. The basket of goods method is used in PPP to compare the currencies of various countries. In other words, PPP is the rate at which the currency of one country could be changed into the currency of another country in order to buy the same amount of goods. You can use a purchase parity calculator to calculate PPP. A. Understanding Purchasing Power Parity (PPP) Purchasing Power Parity is a way to figure out how much one currency is worth compared to another by looking at how much the same goods and services cost in different countries. To make sure that the same amount of money can buy the same things in other countries, the goal is to find the exchange rate at which two currencies have similar buying power. B. Importance of PPP in economics PPP is a common statistic used by macroeconomic researchers to compare the currencies of various nations using a basket of goods method. Economists can compare living standards and economic output across nations thanks to PPP. II. Theory of Purchasing Power Parity Purchasing Power Parity (PPP) is an idea that says that the exchange rates of two currencies are equal when their buying power is the same in both countries. In other words, the exchange rate between two countries should be the same as the ratio of the prices of... --- ### Best Auto Ancillary Stocks to Invest in India 2025 - Published: 2024-12-09 - Modified: 2024-12-09 - URL: https://coinswitch.co/switch/personal-finance/auto-ancillary-stocks/ - Categories: Personal Finance - Tags: Auto Ancillary, auto ancillary companies, auto ancillary companies in india, auto ancillary sector, auto ancillary stocks I. Introduction The auto ancillary sector pertains to the segment that caters to the automotive industry with major input and support. This sector comprises producers of automobile accessories such as tires, batteries, brakes, and many other items. As more and more consumers turn to EVs and hybrid cars and look for enhanced safety features, the auto ancillary industry is growing rapidly. A. Overview of the auto ancillary sector In India Auto ancillary is a significant segment in India’s manufacturing value chain. It is connected closely to auto Original Equipment Manufacturers (OEMs). The sector brings in a substantial percentage of the GDP, employs millions, and goes hand in hand with allied industries like steel, rubber, and electronics. Auto ancillary stocks offer a chance to participate in the fast-expanding automotive business without being limited to automakers.   Leveraging the existing vehicle demand and greener technologies, the sector is fuelling fast growth in meeting India’s automobile needs and exports. It is thus contributing to making the country a prime automotive manufacturing destination. B. Importance of investing in auto ancillary stocks With the emerging trend of producing and developing cars that have complex technologies, auto ancillary companies are getting more orders. Besides, these companies operate in various segments like the passenger vehicle segment, commercial vehicle segment, and two-wheeler segment which mitigates investors’ risks. This kind of stock also enjoys export possibilities hence minimizing risk to movement in the domestic market. As electric vehicles are gaining popularity among auto manufacturers, auto component manufacturers are shifting... --- ### What is a mixed economic system: Examples, features, and model - Published: 2024-12-06 - Modified: 2024-12-06 - URL: https://coinswitch.co/switch/personal-finance/mixed-economic-system/ - Categories: Personal Finance - Tags: features of mixed economy, mixed economic system, mixed economy, mixed economy in india, what is mixed economy I. Introduction A mixed economy in India contains elements of both socialism and capitalism. It offers a mixture of free market operation and government intervention. In other words, it is a mix of both the private sector and the government in particular fields of operations. A. Definition of a mixed economic system A mixed economy is a blend of the features of a centrally planned and market economy system. This system consists of participation from the government as well as private companies. When necessary, the government can intervene or influence economic activity for the betterment of everyone. B. The importance of understanding mixed economies It is important to comprehend mixed economies, firstly, because we live in one. But also since it provides light on how many different countries run their economies. It helps people to understand how to guarantee social justice, promote innovation and entrepreneurship, and provide public benefits all at the same time. By fostering effectiveness, stability, and social welfare, this system helps overcome the drawbacks of strictly capitalist or communist models. Read More: What is the economic impact of crypto? II. Features of a mixed economic system Both the benefits of free markets and government intervention are present in a mixed economic system. But there also are doubts concerning a blended economy’s performance and sustainability. Let’s take a look at some of the system’s key features so you can make your choice.   A. Coexistence of public and private sectors In the mixed economy in India both the... --- ### Bitcoin Price (BTC) Touched 100k!!!! - Published: 2024-12-05 - Modified: 2024-12-06 - URL: https://coinswitch.co/switch/crypto/bitcoin-price-btc-touched-100k/ - Categories: Crypto - Tags: bitcoin cost, bitcoin price, bitcoin price dollar​, bitcoin price in india, bitcoin price live Introduction The world of digital assets is buzzing. The top cryptocurrency, bitcoin price touched the remarkable $100,000 milestone on Thursday. Clearly, this is an aha moment for the crypto market. Experts and crypto investors are keeping a close watch on what happens next. The big question is: What will happen to Bitcoin now? The Current Trajectory of Bitcoin in India The Indian cryptocurrency market is growing like the rest of the world, with Bitcoin's price rising exponentially. Several altcoins and trading platforms are seeing more activity as investors respond to global trends. Investors hope that the pro-crypto regulatory policies of the incoming Trump administration will further boost the world’s pioneering crypto and give a fillip to the asset class in general. India is home to millions of smart, tech-savvy investors who are enamored by digital assets. The recent rise in Bitcoin price has set off talks about the role of cryptos in India’s financial landscape.   Key Factors Driving Bitcoin's Value Surge Bitcoin has jumped to a record high, thanks to the combination of several factors. Here are some of them. The "Trump Effect": Investors see the incoming Trump administration's support for crypto as a big positive. They believe that better regulations could come, which means more investment and optimism. Increased Open Interest: More open interest in Bitcoin futures shows that big institutions are getting involved. This is giving a strong boost to the rise in Bitcoin’s price. Departure of SEC Chair Gary Gensler: There are talks about SEC Chair... --- ### Crypto Market Analysis | 5 December 2024 - Published: 2024-12-05 - Modified: 2024-12-05 - URL: https://coinswitch.co/switch/market-analysis/5-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has crossed the $100,000 milestone, driven by the successful debut of US spot ETFs and renewed optimism following pro-crypto Donald Trump’s election as US president. Corporate giants increasing their Bitcoin holdings, inspired by MicroStrategy, further fueled the rally. Now up 130% year-to-date, Bitcoin’s market cap stands near $2 trillion—closing in on the likes of Google and Amazon—while altcoins saw modest pullbacks as capital shifted back into BTC. This marks a pivotal moment, with Bitcoin reaffirming its dominance in a rapidly evolving financial landscape. --- ### What are Redeemable Debentures: Meaning, Formula & Examples - Published: 2024-12-04 - Modified: 2024-12-04 - URL: https://coinswitch.co/switch/personal-finance/redeemable-debentures/ - Categories: Personal Finance - Tags: redeemable debentures, redemption of debentures meaning, what do you mean by redemption of debenture, what is meant by redemption of debentures, what is redeemable debentures, what is redeemable debt I. Introduction Debentures are a popular choice among many investors and the fact that companies pay regular interest to debentures makes them particularly attractive. However, if you are interested in redeemable debentures, you must understand what debentures are and their redemption process. Today we will discuss everything you need to know about redeemable debentures, including its meaning, formula with an example, and more. An overview of redeemable debentures A debenture is a type of debt instrument that is not backed by any collateral. It usually has a term greater than 10 years. Redeemable debentures are typically fixed-income debentures that come with a fixed maturity date. They are redeemed once the debenture reaches its maturity date. Importance in financial planning Redeemable debentures play an important role in financial planning for both the company as well as every individual investor. For companies, it is an easy and convenient way to raise capital. On the other hand, debentures come with fixed maturity dates and interest payments making them excellent options for debt investors. II. Understanding redeemable debentures Debentures are a good option if you are looking for a fixed-income source through debt investment. But before we dive deep and learn about the formula to calculate redeemable debentures, and its pros and cons, let’s learn about the basics of redeemable debentures. Definition of redeemable debentures Redeemable debentures refer to a type of debt investment vehicle that comes with a predetermined redemption date and regular fixed-interest payouts. These types of debt investments have a fixed... --- ### How to Make Money in Stocks - Published: 2024-12-04 - Modified: 2024-12-04 - URL: https://coinswitch.co/switch/personal-finance/how-to-make-money-in-stocks/ - Categories: Personal Finance - Tags: how to earn money from share market, how to earn money in stock market, how to make money, how to make money in stocks, how to make money in the stock market I. Introduction It takes time to understand how to make money in stocks. Very few people do it quickly. But it’s a skill you can acquire. A. Understanding stock market basics To stay afloat, every business needs money. There are times when more money than that made from selling things or services is required to cover the cost of operations. That’s when enterprises ask regular people to invest money in them. In exchange, investors get a cut of what the companies make. When you buy stocks, you become a partner in the company and can earn from its growth and gains. The stock market can be unstable, though. If you know the basics of the stock market, you can make intelligent choices and maybe even get a return on your investment. B. The importance of financial goals Financial goals are crucial when investing in the stock market because they provide direction and help determine risk tolerance. Clear goals enable investors to choose appropriate strategies, manage expectations and, track progress. Whether for retirement, education, or wealth-building, defined objectives ensure disciplined, informed decision-making over time. II. Key strategies to make money in stocks Investing should only happen once you have enough money, even if you don’t need much to start. Before you put money into an investment account, think about how it will affect your short-term cash flow. Before putting money into investments, most financial experts say you should pay off your bills and have a backup fund for three to six... --- ### Crypto Market Analysis | 4 December 2024 - Published: 2024-12-04 - Modified: 2024-12-04 - URL: https://coinswitch.co/switch/market-analysis/4-december-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update The crypto market regained stability after South Korean President Yoon Suk-yeol reversed his martial law declaration within six hours of imposing it. The initial announcement caused a 30% flash crash on Upbit, South Korea’s largest exchange, while Bitcoin dropped to $93. 5K on international exchanges, sparking widespread investor panic. Meanwhile, global sentiment improved as Donald Trump appointed Paul Atkins, a pro-crypto advocate, as the new head of the SEC, raising hopes for more favorable U. S. regulatory policies. --- ### Navigating The Dynamic of FMCG Industry - Published: 2024-12-03 - Modified: 2024-12-03 - URL: https://coinswitch.co/switch/personal-finance/fmcg-industry/ - Categories: Personal Finance - Tags: fmcg brands in india, fmcg india, FMCG Industry, FMCG Market, fmcg market size in india I. Introduction Fast-Moving Consumer Goods, or FMCG, are goods that are bought and sold quickly and for a low price. Consumer tastes change all the time, so the FMCG sector is constantly evolving. This is a big problem for brands because they have to keep trying to understand and predict how customers’ wants and needs will change. A. Setting the stage The economy is still deciding, and consumer preferences are constantly changing, so the FMCG sector is continuously changing as well. To be successful in a world that is continually evolving, your brand needs to know what drives people today and how they think and feel. B. The dynamic nature of FMCG FMCG is a significant and rapidly growing business in the world economy. It generates large sums of money for the economy and creates employment. Hence, FMCG businesses need to think of new ideas constantly and evolve with changes in buyer tastes and market trends to contend with other fellow businesses. II. Understanding the FMCG landscape FMCG are things that are consumed and used up quickly. They typically last only for a very short period. FMCG are relatively cheap and sold in units quite commonly from shopping outlets, including internet shopping, grocery shops, and supermarkets.   The FMCG sector is highly competitive. The businesses of this sector incur sizable amounts on advertising and products to make their brands household names as well as to retain customers. A. Key components of FMCG The FMCG sector is an integral part of... --- ### A Brief History of Infosys - Published: 2024-12-03 - Modified: 2024-12-03 - URL: https://coinswitch.co/switch/personal-finance/history-of-infosys/ - Categories: Personal Finance - Tags: infosys I. Introduction Infosys is one of the main companies that work on generation, consulting, and emerging virtual services. Since its foundation in 1981, the history of Infosys has turned out to be one of immense growth. It has been one of the main companies internationally, helping organizations develop and adapt to the digital surroundings. A. Overview of Infosys The history of Infosys encompasses a range of fields such as software improvement, cloud computing, artificial intelligence, and data analytics, among many others. Headquartered in Bengaluru, the corporation operates in a total of 56 international locations and serves customers in more than one sector. Its scope encompasses manufacturing, healthcare, and finance. B. Importance in the tech industry Through the promotion of innovation and digital transformation, Infosys plays an important part in the worldwide tech sector. Companies that seek to streamline their operations can rely on it owing to its commitment to research and development alongside a major focus on sustainability. II. Founding and early years Currently, Infosys is a worldwide software services company. It is listed on the Bombay Stock Exchange, India and the New York Stock Exchange, USA. Tracing the history of Infosys, it is clear that its success draws on the main person who established it in 1981, Mr N. R. Narayana Murthy. Led by Murthy, Infosys became an innovator in areas from software program technical, management and leadership training.    A. Founders of Infosys Although Murthy is the face of the company, Infosys was established in Pune, Maharashtra, by... --- ### Best Investment Plan for Regular Monthly Income in India 2025 - Published: 2024-11-29 - Modified: 2024-11-29 - URL: https://coinswitch.co/switch/personal-finance/best-investment-plan-for-monthly-income/ - Categories: Personal Finance - Tags: best investment plan for monthly income, best monthly income scheme, monthly income, monthly income plan, monthly investment plan I. Introduction As the financial world continues to accelerate, it is important to invest to protect your future. In contrast to our grandparents’ time, when protecting savings in a bank account was common, our financial decisions today require contemplating a far greater array of options. We must broaden our financial horizon while we think about the best investment plan for monthly income for us today. In India, where the economy is growing rapidly, numerous investment options are available. Here’s a look at a few of the most important ones. A.  Setting the stage India’s financial industry is diverse and growing quickly. New players are joining the market, and established financial services companies are seeing significant development. The regulatory body overseeing banking has permitted the establishment of new companies, such as payment banks. This has expanded the range of businesses involved in the industry. Still, over 64% of the total assets held by the financial system in India are owned by commercial banks. B.  The importance of regular income Investment strategies with predictable returns provide a steady flow of funds and facilitate the efficient management of daily expenditures. For many people, maintaining financial stability depends on having a steady monthly income from assets. As we go along, we will keep this in mind.   II.  Understanding investor goals Every investor has their own risk tolerance level and distinct financial goals. To create a successful investing plan, it is essential to comprehend these goals and tolerance levels. A.  Assessing financial objectives The... --- ### Free Float Market Capitalization : A Handy Metric For All Investors - Published: 2024-11-29 - Modified: 2024-11-29 - URL: https://coinswitch.co/switch/personal-finance/free-float-market-capitalization/ - Categories: Personal Finance - Tags: free float market capitalization, free float market capitalization formula, what is free float, what is free float market cap, what is free float market capitalisation If a business has free float market capitalization, its value is based only on the shares that are owned by the public. This means that only tradable shares are counted. Some shares are limited or owned by a small group of people, so this number does not include all of them. A.  A brief explanation of market capitalization The free-float approach is a way to figure out how much money the companies that make up a stock market index are worth on the market. The free-float method figures out a company’s market value by increasing its price by the number of shares that are readily available on the market. B. The importance of market cap in investment decisions Free-floating shares are needed to make the market more open and get more buyers involved. It helps make a company’s products more usable right away. Investors are drawn to a company’s stock when it is liquid, which helps keep the market running smoothly. Because such assets can be traded easily, buyers can quickly get out of the market if they lose money.   There is also less chance that the price will change if there are a lot of free-floating shares. Because of this, the share price can’t go back up right away. II. Understanding free float market cap Free-float market capitalization is a limited way to figure out how much a company is worth right now. Some of a company’s share capital is given to its founders, directors, social trusts, and... --- ### How to a Start Career in Stock Market in India - Published: 2024-11-29 - Modified: 2024-12-11 - URL: https://coinswitch.co/switch/personal-finance/how-to-start-a-career-in-stock-market-in-india/ - Categories: Personal Finance - Tags: career in stock market, how to become share market expert, how to get job in stock market, how to make career in stock market, how to start career in stock market I. Introduction The stock market is a place where people can buy and sell financial shares. Some of the most active stock markets in India are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Here’s where we show you how to start a career in stock market and how to start with a share market study. A.  A brief overview of the stock market in India A share of the stock market is not a real thing. It indicates a share of ownership in a business. To get the money it needs, a company can sell any amount of shares. The share price can go up or down based on how many people want to buy and sell stocks. B. Growing opportunities for careers in stock market Bankers have substantial information about the stock market, and with this knowledge, they assist clients and make transactions more straightforward. Professionals who have done their share of share market study and stock trading can make a lot of money in a number of ways besides banking, though. Data analytics, consulting, and wealth management services are all popular ways to make money. II. Understanding the basics Stocks are traded on a specific market and are like stock shares in a business. Exchanges keep track of how many stocks are being bought and sold, as well as their prices. They also help people buy and sell shares of those companies and act as a market for those shares. A. Explanation of stocks... --- ### Crypto Market Analysis | 27 November 2024 - Published: 2024-11-27 - Modified: 2024-11-27 - URL: https://coinswitch.co/switch/market-analysis/27-november-2024/ - Categories: Crypto Market Analysis - Tags: bitcoin, crypto, market update, news Bitcoin's price took a sharp dive, dropping 6. 3% to $90,800, after touching a historic high of $99,500 on November 22. This pullback isn’t driven by ETFs or institutional investors, but rather long-term holders, who sold off 128,000 BTC. On-chain data reveals US spot ETFs absorbed 90% of this selling pressure, highlighting robust market demand despite the drop. External factors are adding to the turbulence. Donald Trump’s plans to hike tariffs on China, Mexico, and Canada have bolstered the US dollar, creating headwinds for Bitcoin and equity markets alike. Altcoins are also feeling the heat—Ethereum, Solana, XRP, and Dogecoin have posted sharp corrections, sliding between 5% and 10% in the past 24 hours. However, it’s not all bearish. The broader bullish structure for Bitcoin and altcoins remains intact, with dips being bought aggressively—an encouraging sign of market resilience. The Greed and Fear Index, which recently hit extreme greed at 90+, has now cooled to 75, suggesting a healthier sentiment reset. --- ### Crypto Market Analysis | 26 November 2024 - Published: 2024-11-26 - Modified: 2024-11-26 - URL: https://coinswitch.co/switch/market-analysis/26-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin faced a notable correction today, slipping 4. 6% to an intraday low of $92,584 from its earlier high of $99,500, wiping out $118 million in long positions. Despite the turbulence, institutional interest in Bitcoin remains unwavering. Spot Bitcoin ETFs shattered records with $3. 12 billion in weekly inflows, according to CoinShares, while MicroStrategy made headlines by adding 55,000 BTC to its holdings, now totaling a staggering 386,700 BTC acquired for $5. 4 billion. Interestingly, as Bitcoin pulled back, altcoins showed surprising strength, with swift dip-buying underscoring growing investor interest and a potential shift in focus toward alternative assets. --- ### Crypto Market Analysis | 25 November 2024 - Published: 2024-11-25 - Modified: 2024-11-25 - URL: https://coinswitch.co/switch/market-analysis/25-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin reached an all-time high of $99,588 last week, with market participants eagerly anticipating the psychological $100K milestone. Currently, BTC is trading around the $97,500 level, reflecting mixed market sentiment. While some analysts foresee a potential correction, others remain optimistic about its upward trajectory. Altcoins demonstrated strong performance over the weekend and are expected to maintain their momentum, provided Bitcoin remains stable without significant retracement. Additionally, current geopolitical tensions, particularly the escalating Russia-Ukraine conflict, should be closely monitored, as they may impact market sentiment and broader financial conditions. --- ### Crypto Market Analysis | 22 November 2024  - Published: 2024-11-22 - Modified: 2024-11-22 - URL: https://coinswitch.co/switch/market-analysis/22-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) is trading above $99,000, just 1% shy of the critical $100,000 mark, which would push its market cap past $2 trillion. With a 2. 5% gain in the last 24 hours, BTC shows strong momentum, though profit-booking near this psychological milestone could spark volatility. SEC Chair Gary Gensler, known for his tough crypto stance, plans to leave the commission on January 20 when Trump takes office, potentially reshaping regulatory dynamics. Solana (SOL) has hit a record high above $260, fueled by ETF-related optimism, while XRP surged 25% as regulatory clarity eased headwinds for Ripple. In contrast, MicroStrategy’s stock tumbled 16%, with investors questioning its valuation despite Bitcoin’s rally. As markets buzz with activity, all eyes remain on Bitcoin’s approach to $100K, a level that could define the next chapter in the crypto space. --- ### Crypto Market Analysis | 20 November 2024  - Published: 2024-11-20 - Modified: 2024-11-20 - URL: https://coinswitch.co/switch/market-analysis/20-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) briefly touched a new all-time high of above $94,000 on Tuesday, driven by Wall Street’s introduction of options trading on spot Bitcoin ETFs—a move expected to boost institutional adoption. However, BTC has since retraced, trading below $92,000 as the market takes a breather. Meanwhile, MicroStrategy’s Michael Saylor revealed plans to pitch Microsoft on adding Bitcoin to its treasury, arguing it would enhance the company’s stability and reduce risk. In the altcoin market, a brief meme coin rally was overshadowed by corrections following BTC’s pullback from its peak. --- ### Crypto Market Analysis | 19 November 2024  - Published: 2024-11-19 - Modified: 2024-11-19 - URL: https://coinswitch.co/switch/market-analysis/19-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After an impressive surge last week, Bitcoin is currently consolidating within the $89K–$92K range, with each minor dip being quickly bought up. This reflects strong bullish momentum, although some market watchers anticipate a potential pullback to the $85K–$87K level. Bitcoin has not seen a significant retracement since its leg-up following Trump's victory, and historically, the asset has been known to move as much as 50% higher without much of a correction after setting new all-time highs. In terms of market activity, Bitcoin's spot ETF volume hit a massive $5. 13 billion yesterday, marking a new milestone for the market. Meanwhile, Michael Saylor’s MicroStrategy continues to accumulate Bitcoin aggressively, recently purchasing an additional 51,780 BTC for $4. 6 billion. With this latest acquisition, MicroStrategy now holds a total of 331,200 BTC, valued at just under $30 billion. This positions the company as one of the largest institutional holders of Bitcoin, further cementing its commitment to the digital asset. As Bitcoin solidifies its position, altcoins are also showing strength. Tezos, HBAR, and XRP all posted solid gains yesterday, with smaller-cap altcoins seeing notable price surges as well. Overall, the sentiment remains bullish. Investors seem to be treating dips as buying opportunities, keeping the market in a positive uptrend. --- ### Crypto Market Analysis | 14 November 2024  - Published: 2024-11-14 - Modified: 2024-11-14 - URL: https://coinswitch.co/switch/market-analysis/14-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin surged past the key $90,000 resistance level early in the US trading session, quickly pushing even higher to peak above $93,000 before stabilizing back around $90,000. The rally was driven by intense demand, with the Coinbase Premium Index hitting its highest level since April. Meanwhile, BlackRock's iShares Bitcoin ETF (IBIT) saw a surge in trading volume, becoming the fourth-most traded product across all ETFs, with $1. 2 billion in trades during the first hour of the session. It was also a strong day for meme coins, as Pepe and Bonk were both listed on Coinbase, fueling substantial demand and pushing their prices up by 30-50%. Additionally, Pnut, a new meme coin listed on Binance, saw an impressive 250%+ price jump in just one day. Overall, Bitcoin dominance reached a season-high, which had a notable impact on altcoins. Many alts struggled, showing either sharp declines or minimal upward movement, as BTC continued to assert its dominance in the market. --- ### Why Bitcoin Price is Rising➚: Decoding the Bull Run - Published: 2024-11-13 - Modified: 2024-12-05 - URL: https://coinswitch.co/switch/crypto/bitcoin-price-is-rising/ - Categories: Crypto - Tags: bitcoin price dollar​, bitcoin price live​, bitcoin price prediction​, bitcoin price usd​, current bitcoin price​ Introduction The crypto market is excited as Bitcoin’s price has reached $103,364 for the first time. The big surge has caught the attention of investors all over the world, leaving many wondering what is driving this rally. In this blog post, we will look at the factors that are pushing Bitcoin prices to new highs. We will examine the recent events and market trends that are shaping the future of this pioneering crypto. Bitcoin has had an exciting journey in 2024, capturing the attention of both investors and crypto fans. The price of Bitcoin soared, hitting an all-time high of reached $103,364. This growth is impressive, especially when we look at how unpredictable Bitcoin has been in previous years. Several reasons have driven this amazing rise. First, progress has been made on the regulatory front, with the approval of Bitcoin ETFs in the US. This has led to interest from big institutions and drawn more investment. Also, the Federal Reserve cut interest rates. This created a good environment for investments like Bitcoin. As a result, many investors looking for better returns turned their attention to the crypto market. Analyzing Bitcoin's Price Trend in the First Half of 2024 The first part of 2024 was key for Bitcoin’s recent rise. The world’s largest crypto began the year under $50,000. However, it soon picked up pace due to important changes in the crypto industry. These events pushed Bitcoin’s price over $60,000, building trust with investors and paving the way for more growth.... --- ### Dogecoin Price Surges Around 15% After Elon Musk and Trump's Impact - Published: 2024-11-13 - Modified: 2024-11-13 - URL: https://coinswitch.co/switch/crypto/dogecoin-price-surges/ - Categories: Crypto - Tags: cryptocurrency dogecoin price, dogecoin price, dogecoin price dollar, dogecoin price share, dogecoin price trend, dogecoin starting price Introduction The global crypto market is excited about Dogecoin's price now with recent boom. Many are curious to know why this meme coin is doing so well. Dogecoin's market cap has risen a lot, showing increasing investor interest in digital assets. This article will explain what is helping Dogecoin grow, especially the impact of the likes of Elon Musk and Donald Trump on the token. The Rise of Dogecoin: An Overview The elon musk and trump's impact also witness in the indian crypto market as shown in the screenshot above: Dogecoin started as a light-hearted joke, but it has established its place in the crypto market. Its rise from being unknown to a popular digital asset is quite amazing. The coin is affordable, and its community-driven style has drawn in many investors, especially newbie investors who want to experiment with crypto. During the 2024 crypto rally, Dogecoin's journey really took off wherein it showed the ability to provide big returns. The rise in popularity showed that Dogecoin, even with its silly origin, has real market value and a devoted community that can drive the price action. Key Factors Behind Dogecoin Price Now Surge Several factors are behind the Dogecoin's price rise. Knowing these can help us understand what impacts its market performance. These factors include support from well-known people and a positive feeling about the crypto market. Here are some reasons why Dogecoin's price has risen of late: Social Media Frenzy: Social media platforms, especially X (formerly Twitter), play a... --- ### Best Crypto To Invest Now: Hottest Picks for November 2024 - Published: 2024-11-12 - Modified: 2024-11-12 - URL: https://coinswitch.co/switch/crypto/best-crypto-to-invest-in-2024/ - Categories: Crypto - Tags: best crypto to invest in 2024, next big cryptocurrency, top 10 cryptocurrency in india, which coin is best to invest now, which crypto to buy today for long-term, which crypto will boom in 2024, which is the best cryptocurrency to invest The global crypto market is booming, buoyed by the election of a pro-crypto candidate as US president. Bitcoin, the benchmark cryptocurrency, zoomed past the $88,000 mark, and altcoins such as DOGE and PEPE, and many more registered double-digit gains in the first two weeks of November. The broader base gains in the crypto market signal a possible prolonged bull run.   The Indian crypto investors are partaking in this crypto rally, with India's largest crypto exchange CoinSwitch seeing spikes in trading volumes. Though it is difficult to predict the future cryptocurrency to invest in, this blog post will discuss the best crypto to invest in 2024.   1. Dogecoin (DOGE)  DOGE, the meme coin-turned mainstream crypto, is a favorite for community-driven, fun crypto enthusiasts. It is a peer-to-peer, open-source cryptocurrency based on the Scrypt algorithm, similar to Litecoin. Unlike Bitcoin, DOGE has an unlimited supply, which means there is no cap on the supply of DOGE. While investing in DOGE involves risks typical to cryptocurrencies such as high volatility and heavy reliance on market sentiment, DOGE’s strong community support, and its market performance since inception make it a strong contender as the best crypto to invest now.   2. Pepe (PEPE) PEPE is a popular meme coin launched on April 15, 2023. It was launched on the Ethereum blockchain and drew inspiration from the internet meme featuring Pepe the Frog, created by cartoonist Matt Furie.   PEPE follows an interesting deflationary model where a small percentage of tokens are burned... --- ### Crypto Market Analysis | 11 November 2024 - Published: 2024-11-11 - Modified: 2024-11-11 - URL: https://coinswitch.co/switch/market-analysis/11-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) broke through another all-time high as it crossed 80,000 dollars for the first time in history. Even though the market dipped a bit towards the weekly close and reached $78. 5k, it recovered sharply to create another all-time high on Monday. Solana on the other hand, soared to a market cap of 100 billion dollars for a short while, making it only the third crypto to do so after BTC and ETH though it acted as a price resistance with SOL required to trade above 212 USD to stay above the same. On the other hand, Elon Musk-inspired DOGECOIN was the top gainer among the top 25 coins as DOGE peaked by 30% in the day, becoming more valuable than XRP by market cap. Analysts predict DOGE still has fuel left, given the Trump Government’s plan to work with Elon Musk on the Department of Government Efficiency or DOGE in short. Cardano was another notable gainer yesterday as its founder Charles Hoskinson shared his plans to work with the US government and cryptocurrency policy. --- ### Crypto Market Analysis | 8 November 2024 - Published: 2024-11-08 - Modified: 2024-11-08 - URL: https://coinswitch.co/switch/market-analysis/8-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market analysis, news BTC touched another all time high of $76. 8k as bulls continue to dominate the crypto market on expectations of crypto-friendly policies from the Trump administration. Ether (ETH), the world’s second largest crypto by market cap, too showed some strength as it hit its highest price in more than three months. $3,000 could be a major resistance for Ethereum to cross, post which $4,000 will be the next target for bulls. Solana crossed the $200 mark as well briefly for the first time after April 2024, which was preceded by its strong on-chain activity in the recent months. Solana has been the primary blockchain to trade memecoins recently. Late last night, the US Federal Reserve announced a rate cut of 25 basis points as the market expected, with Bitcoin ticking higher after the decision was announced. --- ### Crypto Market Analysis | 7 November 2024 - Published: 2024-11-07 - Modified: 2024-11-07 - URL: https://coinswitch.co/switch/market-analysis/7-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin surged to a new all-time high of $76,400 after Donald Trump’s election victory, amplifying optimism across the crypto sector. The rally aligns with expectations of a bullish era under a crypto-friendly administration. BTC has gained 6. 6% in the past 24 hours and over 21% in the last 30 days, supported by rising stablecoin liquidity and increased transaction volumes. The market is looking ahead to Thursday’s Federal Reserve decision, with traders anticipating a 0. 25% rate cut. Historically, lower rates benefit risky assets like Bitcoin by weakening the dollar and encouraging investment in alternative assets. Fed Chair Powell’s comments will be closely monitored for any hawkish undertones that could temper market enthusiasm. In traditional markets, the "Trump trade" is boosting both stocks and bonds, with the dollar reaching recent highs as expectations build around economic growth and fiscal spending. Meanwhile, IBIT, the iShares Bitcoin Trust, saw a record trading volume of $4. 1 billion on November 6, surpassing major stocks like Netflix and Visa. Other Bitcoin ETFs also experienced significant volume, reflecting strong market momentum. Despite the bullish environment, volatility is anticipated, especially with the Federal Reserve’s rate decision looming. Traders should remain cautious as the market digests these macro developments. --- ### Crypto Market Analysis | 5 November 2024 - Published: 2024-11-05 - Modified: 2024-11-05 - URL: https://coinswitch.co/switch/market-analysis/5-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin dipped under $67,000 today after Mt. Gox transferred 32,000 BTC ($2. 2 billion) to new wallets, part of its extended repayment plan, now set for completion by October 2025. Market volatility is already high, as US election voting and the FOMC meeting loom. Still, history suggests BTC often rallies after the election week, so current dips may just be noise. US ETFs offloaded 7,376 Bitcoin in the second-largest sell-off ever, but BTC held up well, possibly weathering election-driven uncertainty. Meanwhile, BlackRock took advantage of the situation, adding 566 Bitcoin to its holdings. Ethereum marked 11 years since its initial white paper, but ETH/BTC dropped to a new yearly low. The State of Michigan's pension fund is still holding steady with $7 million in Bitcoin ETFs and 460,000 Grayscale Ethereum Trust shares worth $11 million. Expect a rollercoaster week ahead. --- ### Crypto Market Analysis | 4 November 2024 - Published: 2024-11-04 - Modified: 2024-11-04 - URL: https://coinswitch.co/switch/market-analysis/4-november-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC found crucial support around the $67. 5k mark as a weekly bull flag might come into play this week. While the world is waiting for the result of the US presidential elections, it is worth noting that the number of transactions on the Bitcoin network on a monthly basis has already reached its all-time high in October, surpassing the 20 million mark. Bitcoin is so close to its all-time highs, and has crossed 60% dominance in the market (the first time in close to 4 years). Altcoins are not performing well enough, though. While Solana took support at the $160 mark and looks poised to set off on the memecoin mania, ETH is printing higher lows in the daily time-frame with the current big resistance around the $2,650 mark. --- ### Crypto Market Analysis | 29 October 2024 - Published: 2024-10-29 - Modified: 2024-10-29 - URL: https://coinswitch.co/switch/market-analysis/29-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After a prolonged stretch of sideways and bearish price action, Bitcoin (BTC) looks ready to challenge its all-time high of $73,700, with prices currently hovering above $71,000. Since a September plunge to $53,000, BTC has been rallying and just surpassed $70,000. Supporting this surge may be new rate cuts from major Western central banks (excluding Japan), China’s fiscal and monetary stimulus, and big inflows into US spot Bitcoin ETFs. The US election season adds further intrigue, especially with pro-crypto candidate Donald Trump making headway. It will be a pivotal week ahead due to the US elections on November 5, the Fed's rate decision on November 6, and the October employment report on November 8—all crucial events that could shape Bitcoin's next movements. --- ### Venture capital in India: Definition, Features, Types, and Process - Published: 2024-10-28 - Modified: 2024-10-28 - URL: https://coinswitch.co/switch/personal-finance/venture-capital-in-india/ - Categories: Personal Finance - Tags: venture capital, venture capital definition, venture capital firms, venture capital in india, Venture capitalists, what is vc, what is venture capital I. Introduction Venture Capital (VC) is a pivotal force behind the startup boom in India. VC firms provide crucial funding and mentorship to early-stage companies, helping them scale. The surge in VC activity is transforming sectors like technology, e-commerce, healthcare, and fintech across the country. Read on to learn more about it and the key features of venture capital. A.     Definition of venture capital VC is private equity funding usually given to new businesses and startups. In other words, it is often given to companies that have a lot of room to grow and can make a lot of money. This is one of the main features of venture capital. B. Growing significance in the Indian context It is still early days for the venture capital business in India. However, VC is increasingly gaining significance in India, driving the growth of startups across sectors. As the Indian entrepreneurial ecosystem expands, VCs will play a crucial role in fostering job creation and accelerating the development of homegrown solutions for the global market. II. Features of venture capital in India One of the main features of venture capital is that venture investors usually help the companies they invest in for a long time. This help can come in the form of extra money, advice or access to a network of resources. Because it involves more risk, venture capital is not as safe as standard loans. However, it can help businesses lower their risk. A.  Risk financing VC funding is a... --- ### Crypto Market Analysis | 28 October 2024 - Published: 2024-10-28 - Modified: 2024-10-28 - URL: https://coinswitch.co/switch/market-analysis/28-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC closed the very important weekly close last week above the $68k mark, meaning we could soon see a rally to all time highs, if there are no more hiccups like a full-fledged war in the Middle East region. With the results of the US presidential elections just a week away, a likely Trump win is also been seen as a positive development by the crypto community. It is to be noted that Trump has already announced his plan to make Elon Musk lead the new Department Of Government Efficiency (D. O. G. E. ) if elected, which could also start a rally in Musk's favorite crypto Dogecoin again. On the other hand, Coinbase's Base blockchain has created a new landmark when the stable coin transactions on Base surpassed all other chains like Ethereum, Tron, and Solana on Saturday, accounting for roughly 30% of stablecoin transactions among the $60 billion transacted on chain on that day. This could give a boost to Coinbase's stock price which is already up by 190% in the last 1 year. --- ### Relative Strength Index (RSI): Full Form, Strategy Indicator - Published: 2024-10-26 - Modified: 2024-10-26 - URL: https://coinswitch.co/switch/personal-finance/relative-strength-index-rsi/ - Categories: Personal Finance - Tags: RSI, what is relative strength index, what is rsi, what is rsi in stock market, what is rsi indicator I. Introduction One momentum oscillator that is employed to measure velocities and changes in the price movement of equities in the financial markets is the Relative Strength Index (RSI). The RSI in the share market helps buyers decide whether the asset is overbought or oversold. A.  A brief overview of the Relative Strength Index (RSI) Whenever the index is below 30, the market is considered oversold. If the index is above 70, the market is considered overbought. Short-term trend fluctuations that offer trading opportunities are sometimes preceded by overbought or oversold circumstances. So, swing traders make use of this indicator to check whether the asset is weakening or gaining strength in the short- to intermediate-term. B.  The importance of RSI in financial markets To help traders identify entry and exit positions, the RSI is essential for spotting possible market reversals. It is a widely used tool in technical analysis. The RSI in the share market is used by investors to validate trends, steer clear of trading pitfalls, and enhance trade timing. C. Understanding RSI The Relative Strength Index (RSI) is a well-liked and effective instrument for technical analysis used by traders. It stands out despite the abundance of new indicators available because it is easy to use, has been around for a while, and is reliable. An oscillator representing the RSI is shown in a separate chart window. D.  Explanation of RSI and its calculation Price momentum is represented by the RSI. It uses the 70–30 trigger approach to show... --- ### Trade Deficit in India: Meaning, Definition, Formula, and Impact - Published: 2024-10-25 - Modified: 2024-10-25 - URL: https://coinswitch.co/switch/personal-finance/trade-deficit-in-india/ - Categories: Personal Finance - Tags: trade deficit, trade deficit formula, trade deficit meaning, trade surplus and trade deficit, what is meant by trade deficit, what is trade deficit I. Introduction Do you know what a trade deficit is? It is similar to a fiscal deficit, which shows the gap between trade imports and exports of a country. It is an important concept in economics that you should learn. In this article, we will explore the concept of trade deficit in India, including topics like the meaning of trade deficit, definition, formula, and more. A. A brief explanation of trade deficit A trade deficit occurs when the overall imports of a country exceed the exports within a fiscal year. Commonly, deficit trade is known as the negative balance of trade of a country. It is an important tool to evaluate the extent to which international trade occurs across different countries. B. The importance of understanding trade deficit in the context of India’s economy Trade deficit is an important aspect of any global economy. Understanding the importance of the trade deficit in the context of India’s economy is essential for anyone who is interested in Indian trade and economy or directly involved with these fields. The trade deficit or gap between a country’s imports and exports affects foreign exchange reserves and economic stability. Therefore, understanding the trade deficit is important when it comes to identifying underlying economic problems. II. What is a trade deficit? If you want to understand the meaning of trade deficit and how it works, you should begin with the basics. Learn everything you can about what trade deficit is as this will help you have a... --- ### Crypto Market Analysis | 25 October 2024 - Published: 2024-10-25 - Modified: 2024-10-25 - URL: https://coinswitch.co/switch/market-analysis/25-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin roared back to the crucial trend line support around the $68k mark after dipping as low as $65. 2k the day before. The upcoming weekly close of BTC on Sunday can prove to be a pivotal one as a closing above $68k level could mean a clear breakout of the bull flag Bitcoin has been consolidating in for since March 2024. With US ETFs recording $2. 1 billion inflows in the last 5 days, the highest ever so far, the total holding of all of the exchange traded funds could soon cross 1 million Bitcoins. On the altcoin front, Solana based AI-agent memecoin narrative have got big global exchanges like Binance and Bybit to list GOAT, which was created just two weeks back by a popular no-code token creation platform http://pump. fun/. GOAT could soon become the first token created on http://pump. fun/ to breach the prestigious $1 billion market cap. Another Altcoin performer of yesterday was SAFE, which saw a massive 75% spike in the last 24 hours, with Korean exchange UPBIT listing the token on their platform. --- ### How to Identify and Trade the Bull and Bear Flag Patterns - Published: 2024-10-24 - Modified: 2024-10-24 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/bull-and-bear-flag-patterns/ - Categories: Crypto Futures - Tags: bear flag pattern, bull flag pattern, bull pennant, falling flag pattern, flag pattern trading, up flag pattern Introduction to Bull and Bear Flag Patterns Traders in technical analysis use chart patterns to grasp and forecast market changes. One pattern is the bullish flag. Its counterpart is a bear flag. In this article, you will learn how to spot these chart patterns and use them to your advantage. Understanding bull and bear flag Patterns Bull and bear flags are easy-to-see signs of a short pause when prices are going up or down a lot. They are called “continuation patterns” because they often mean that the trend before the pause will keep going after a short break. Spotting these patterns can help traders to make good trading decisions. These patterns happen when the price does a quick move, known as the “flagpole. ” After this sharp move, the price settles for a while, forming a small rectangle called the “flag. ” The flag usually goes against the main trend, looking like a flag on a pole. The Basics of Bull Flag Patterns: Formation and Significance A bull flag is a pattern that shows a possible increase in prices on a chart. It is seen when prices rise sharply and then level off for some time. The pattern has two straight lines: one at the top and one at the bottom. These lines move closer together as the pattern forms. Traders believe a bull flag means that the strong buying from before is still happening. The time when prices stay steady called the consolidation phase, is when some traders take... --- ### The Significance of Crypto's Long Short Ratio - Published: 2024-10-24 - Modified: 2024-10-24 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/significance-of-long-short-ratio/ - Categories: Crypto Futures - Tags: long position vs short position, long short ratio, long vs short Introduction In the fast world of financial markets, it is important to understand market sentiment to succeed. And crypto trading is known for being particularly unpredictable. Crypto traders thus need all the tools they can find to handle price changes. The Long Short Ratio comes from trading volume. This number helps show how market participants are acting together. By looking at this ratio, traders can better understand market sentiment and make smarter trading decisions. Understanding the basics of Long Short Ratio in crypto trading The Long/Short Ratio is a useful tool for traders who want to understand the mood of the crypto market. It shows if more people think the price of crypto will go up or down soon. This ratio is especially important in futures trading, where traders make decisions based on what they believe will happen to prices. Using this information can help traders plan their strategies according to the market feel. This could lower risks and increase possible profits. However, it should not be the only method used for figuring out market direction. It works best when combined with other technical indicators and fundamental analysis. Defining the Long Short Ratio The Long/Short Ratio is found by dividing the total number of open long contracts by the total number of open short contracts. If this ratio is over 1, it means more traders are in long positions. This shows a positive market feeling. If the ratio is under 1, it shows more open short positions, indicating a negative... --- ### Crypto Market Analysis | 24 October 2024 - Published: 2024-10-24 - Modified: 2024-10-24 - URL: https://coinswitch.co/switch/market-analysis/24-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin experienced a notable decline on Wednesday, dropping from around $66,000 to a low of $65,260. The downturn coincided with negative performance of the SPY and Nasdaq indexes. However, BTC quickly rebounded, climbing back up to $67,300, suggesting it may have found a local bottom. If it breaks yesterday's low, the next support level to watch is $64,000. Notably, the Bitcoin ETFs saw a net inflow of $198. 5 million, signaling institutional demand. In contrast, Solana's SOL has been on a tear, outperforming both Ethereum and Bitcoin as blockchain activity surges on its network. The current trend of memecoins, fueled by AI agents promoting and investing in tokens, is heavily focused on Solana. Additionally, open interest in Solana futures has surged by nearly 3 million SOL, equivalent to $506 million, over the past four days, signaling strong investor interest. --- ### Mark Price And Last Price: Its Significance - Published: 2024-10-23 - Modified: 2024-10-23 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/mark-price-and-last-price/ - Categories: Crypto Futures - Tags: Last Price, Mark Price, mark price meaning, marked price definition, marked price meaning Introduction In the fast-changing world of crypto futures trading, understanding how market prices work is very important for making good trading decisions. Two concepts that every futures trader should know are mark price and last price. When traders understand what these terms mean, they can make better choices, manage risks well, and improve their trading strategies. Understanding crypto mark price The mark price is very important, especially in futures trading. It shows a more accurate and reliable value of an asset. This is crucial in the fast-changing crypto market, where prices can change a lot in a short time. The last traded price is the cost of the most recent transaction. In contrast, the mark price looks at different factors. It considers the asset’s price on various exchanges and funding rates. This detailed method helps reduce the effect of sudden price jumps or manipulations on just one exchange. Definition and role in futures trading Mark Price is important because it helps protect against unwanted liquidations. Liquidations happen when there are big and fast changes between the last traded price and the true market value of an asset. By using mark price as a guide, exchanges can keep things fair and help traders avoid losses from quick price changes. Mark Price is especially vital in leverage trading, which is common in futures markets. Traders often use borrowed money to boost their positions. This means that even small price changes can lead to big gains or losses. To keep their capital safe... --- ### Exploring Perpetual Futures and Crypto Futures - Published: 2024-10-23 - Modified: 2024-10-23 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/perpetual-and-crypto-futures/ - Categories: Crypto Futures - Tags: Crypto futures, perpetual contract, Perpetual Futures Introduction of Perpetual Futures and Crypto Futures The crypto market has grown a lot. It has reached many highs, and many more retail investors are getting involved. In this setting, crypto futures and perpetual contracts have become popular ways to invest. These are special types of contracts that let traders guess the future prices of cryptos without having to own the assets themselves. This blog will help you understand the details of crypto futures and perpetual contracts. It will help you make better investment decisions. Understanding Crypto Futures Crypto futures are contracts that require the buyer to buy or the seller to sell a certain crypto at a set price and date in the future. These contracts are standard and follow fixed rules set by the crypto exchange where they are traded. They let traders guess price changes without actually owning the digital asset. This gives them flexibility and chances to make money. The basics of crypto futures As mentioned above, a futures contract is like taking a guess as to what the asset’s price will be later. In other words, when a trader joins a crypto futures contract, they are trying to predict if the price of the underlying crypto will go up or down. If they think the price will go up, they will buy (go long) the contract. On the other hand, if they think the price will go down, they will sell (go short) the contract. On the day the contract expires, the trader must settle... --- ### Crypto Market Analysis | 23 October 2024 - Published: 2024-10-23 - Modified: 2024-10-23 - URL: https://coinswitch.co/switch/market-analysis/23-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin experienced a day of significant volatility, oscillating between bullish and bearish sentiments around the critical support level of $67,000. A decisive break below this point could see BTC testing the $65,000-$66,000 range. Conversely, a rebound here might pave the way for a higher low pattern, potentially setting the stage for an anticipated rally this October. Adding to the intrigue, USDT dominance is also at a pivotal support level. An uptick in USDT could further weigh on Bitcoin’s price. On a brighter note, there was a modest uptick in gaming tokens yesterday, indicating renewed user interest in the sector. Additionally, Avalanche has launched a VISA crypto card, enabling users to spend their crypto at Visa-accepting merchant outlets, marking a significant step toward mainstream adoption. --- ### Reasons to Choose Crypto Futures Trading on CoinSwitch Pro - Published: 2024-10-22 - Modified: 2024-12-24 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/reasons-to-choose-crypto-futures-trading/ - Categories: Crypto Futures - Tags: crypto future in india​, crypto futures arbitrage​, crypto futures exchange​, crypto futures explained​, crypto futures trading Introduction The crypto market presents many chances to make money, and a popular way to get involved is through crypto futures trading. In this article, we will look at a few strong reasons why you should think about futures trading on CoinSwitch Pro. But first, let’s try to understand what crypto futures are all about. Understanding crypto futures trading Crypto futures trading is trying to make money by guessing the future price of a crypto, without owning it. Instead of buying and holding, you agree to buy or sell a certain crypto at a set price and date in the future. This kind of trading lets you make money whether prices go up (going long) or down (going short). However, keep in mind that futures trading is riskier than regular trading. This is mainly because it uses leverage. The basics of crypto futures A futures contract is a legal agreement to buy or sell an asset, like a crypto, at a set price and time in the future. These contracts are the same in format and are traded on exchanges. They are often used for commodities and traditional currencies, and now for crypto. The crypto futures trading contract specifies details like the name of the crypto, the contract size, the expiry date, and other important facts. Market capitalization is important in the crypto futures market. Coins with a high market cap usually have futures contracts that are easier to trade. Traders use crypto futures for many reasons. They might do... --- ### Loan Against Shares: Interest Rate, Eligibility, & Meaning - Published: 2024-10-22 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/personal-finance/loan-against-shares/ - Categories: Personal Finance - Tags: LAS, loan against equity shares, loan against securities, Loan against shares, loan against shares eligibility, overdraft against shares I. Introduction Loan Against Shares (LAS) is when people borrow money from banks or financial establishments with any security as collateral. This is a great way to raise the money you need without necessarily having to sell the shares. A.   A brief explanation of what a loan against shares is Loans where the collateral is fixed assets, like shares in a company, mutual funds, or life insurance policies, are called loans against shares (LAS). The financial assets act as a form of guarantee or security for the bank. A loan secured by shares enables borrowers to make better use of their financial resources. B.   The importance of understanding this financial option For investors who want liquidity without selling their holdings, understanding loans secured by shares is crucial. It enables people to take care of their financial needs, including those related to investing, personal crises, and business advancement. It, however, runs a certain degree of risk because a decline in the price of the share may necessitate sales of the shares to meet margin calls. II. Understanding the Basics Acquiring liquidity without following the expensive shares on the market and selling is possible through a loan against shares. Therefore, investors can then use the equity available in the portfolio to borrow against it and meet short-term monetary needs such as personal or corporate enhancement. A. Definition of loan against shares Loaning money by giving stocks, bonds, or insurance policies for security is called a loan against shares or securities.... --- ### Understand Fibonacci Retracement Levels & Their Significance - Published: 2024-10-22 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/personal-finance/fibonacci-retracement-levels/ - Categories: Personal Finance - Tags: fib retracement, fibonacci in stock market, fibonacci indicator, Fibonacci retracement levels, fibonacci trading I. Introduction Fibonacci retracement levels are popular among traders and investors. It helps them identify potential support or resistance levels during technical analysis of the financial markets. These levels are derived from the Fibonacci sequence. They help in decision-making in stock, forex, and crypto trading as they can be used to determine the correction or reversal of the market. A. A brief overview of technical analysis in finance Technical analysis is a method used for statistically determining patterns. One of its uses is to search for trading and investing opportunities. It can be compared to fundamental analysis. While technical analysis interprets patterns in price and volume to predict their outcome, fundamental analysis bases the value of a security on quantitative data such as sales and earnings. B. Introduction to Fibonacci retracement levels as a powerful tool Fibonacci retracement levels determine the probable points of reversals/retracements in the given market. They are based on the Fibonacci sequence. The following retracement levels—23. 6%, 38. 2%, 50%, 61. 8%, and 78. 6%—have been considered the Fibonacci levels. They are useful in predicting short-term trends in the overall tendency of the market for traders. II.  What are Fibonacci retracement levels? Fibonacci retracement levels are prices depicted as horizontal lines on a chart. They constitute potential ranges of support and resistance where a price correction might arise. The Fibonacci tool functions best whilst the market is trending. That’s the primary thing you must recognize about it. A.  Explanation of the Fibonacci sequence and its significance... --- ### Dividend Payout Ratio: Definition, Formula and Calculation - Published: 2024-10-22 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/personal-finance/dividend-payout-ratio/ - Categories: Personal Finance - Tags: dividend payout ratio, dividend payout ratio formula, what is dividend payout, what is dividend payout ratio I.  Introduction Dividend ratio is a crucial aspect of share investment. Whether you are an investor or a company offering shares in the market, you must have a clear knowledge of dividend payout and how it works. Today, we will explore the dividend payout ratio formula, its concept and interpretation, its pros and cons real-world applications, and more.   A.  A brief overview of dividends The dividend payout ratio usually refers to the percentage of payment a company makes to its shareholders as a reward for investing in the company. The money amount offered or returned by the company to its investors, as opposed to the amount the company kept for reinvestment plans, is the dividend payout ratio. B. The importance of the Dividend Payout Ratio (DPR) The dividend payout ratio, popularly known as DPR, is an essential metric in the investment market. It is essential because it offers the income stability assessment of an investment. In other words, the DPR or dividend payout ratio formula helps to assess how much stable profit and income a company has. II. Understanding the dividend payout ratio Before learning about the dividend payout ratio formula and methods to calculate it, let’s learn about what DPR is first. A.  Definition and purpose By definition, the dividend payout ratio refers to the relationship between the dividend a company pays to its investors and its net earnings within a specified period. Here, the ratio is represented in terms of percentage. So, in simple words, the DPR... --- ### Crypto Market Analysis | 22 October 2024 - Published: 2024-10-22 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/market-analysis/22-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin's price dipped to $67,000 on October 21, wiping out the gains from the past three days. The selloff continued this morning, with Bitcoin dropping further to $66,500 levels, driven in part by the 7% plunge in the Beijing Stock Exchange 50 Index. The key support level is now at $65,550, while resistance sits at $70,000. Bitcoin mining stocks also faced pressure, except for TeraWulf (WULF), which rose 12% after pivoting to high-performance computing for AI data centers. The market pullback isn't surprising, as Bitcoin had steadily climbed since dipping below $60,000 just 11 days ago, signaling a potential for a modest correction. Notably, Aptos (APT) outperformed the market with a 24-hour gain of 11. 72%, buoyed by increasing total value locked (TVL) across its ecosystem. --- ### Crypto Market Analysis | 21 October 2024 - Published: 2024-10-21 - Modified: 2024-10-21 - URL: https://coinswitch.co/switch/market-analysis/21-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has broken past the $69,000 mark for the first time in three months. The surge points to the possibility of new all-time highs as bullish momentum gains strength. The OND quarter (October-November-December) has historically been a bullish period, particularly in a Bitcoin halving year, adding further weight to this upward trend.   Adding to the optimism, the USDT market cap has hit a record $120 billion, reinforcing its position as the world’s largest stablecoin. This growing demand for stablecoins underscores confidence in the broader crypto market, further hinting at a possible continuation of Bitcoin’s upward trajectory. With gold consistently reaching new all-time highs, Bitcoin—often dubbed "digital gold"—may soon follow suit. The ongoing US election campaign is adding fuel to the bullish outlook. Prediction markets are showing increased odds of a Trump victory, which has excited the crypto community. Trump has openly supported the idea of making crypto central to America's economic future, even going so far as to suggest repaying the US national debt using crypto. This pro-crypto rhetoric has further energized market participants, contributing to heightened optimism. --- ### Most Common Crypto Futures Trading Mistakes - Published: 2024-10-16 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-trading-mistakes/ - Categories: Crypto Futures - Tags: Crypto Futures Trading Mistakes, cryptocurrency disadvantages, cryptocurrency risks Introduction Like any other financial market, success in crypto depends on your choices and careful planning. It is thus important to know the challenges and risks involved. This blog post will look at the common crypto futures trading mistakes from ther traders. It will give important tips on how to avoid these mistakes and offer ideas on how to succeed in this ever-changing market. 9 common mistakes in crypto futures trading Crypto futures trading can offer big profits, but it also comes with its own set of challenges. Many new traders, however, jump into the crypto market because they want quick money. They often do not understand how complicated it really is. This lack of knowledge, mixed with emotional choices, may result in huge losses. There are many other mistakes too that can lead traders off course. By recognizing these common mistakes, traders can make better choices. This will help them reduce their losses and improve their chances for success in the ever-changing crypto market. 1. Trading without a concrete plan One of the biggest mistakes traders make is jumping into the crypto market without a clear trading strategy. Without a plan, it feels like trying to find your way around in a maze while blindfolded. A good strategy explains your financial goals, how much risk you can take, which assets you like and the steps to reach those goals. Creating a trading strategy has some important steps. First, learn about the different types of assets in the crypto market,... --- ### What is a IPO in Share Market & How Does It Work? - Published: 2024-10-16 - Modified: 2025-02-14 - URL: https://coinswitch.co/switch/personal-finance/what-is-ipo-in-share-market/ - Categories: Personal Finance - Tags: initial public offering, IPO, what is ipo in share market, what is ipo in stock market, what is ipo investment I. Introduction An IPO or an Initial Public Offering is crucial in the financial sector. This means that a business makes its shares available to the public. Members of the public can own stakes in the business by owning the business’s stock through IPO. Enterprises can obtain cash while investors can buy shares of prospective enterprises. A.   A brief definition of IPO The first thing we should know when we research what is an IPO in the share market is that the Initial Public Offering is the actualization of a privilege that was previously held by a private company and can now be accessed by anyone. With this move, the business can now be floated in the stock market to attract more investors from the general populace. B.   Significance of IPOs in the share market One of the largest components of the stock market is IPOs. They help organizations identify and mobilize funds for new projects, to clear debts, and for expansion. IPOs enable investors to invest in potentially faster-growing firms and make large profits in the process. Read More: What is IPO? – Meaning, Types, Process & Eligibility II. The basics of IPOs The IPO event refers to the point when a company transforms from a private to a public company. Through this procedure, the business can make money now that it offers shares to the public for the first time. In other words, it can attract investment for the expansion of the business. By using IPOs... --- ### Current Ratio: Formula, Meaning & Calculation - Published: 2024-10-16 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/personal-finance/current-ratio/ - Categories: Personal Finance - Tags: current ratio, current ratio formula, significance of current ratio, standard current ratio, what is the ideal current ratio I. Introduction Financial ratios are key performance signs for assessing a company’s fulfillment. The current ratio is one among them. It is one of the metrics that matters the most when it comes to assessing the immediate monetary fitness of a business. A. brief explanation of financial ratios Financial ratios shed light on several operational characteristics—profitability, performance, and liquidity. The current ratio is one such ratio. It helps managers, creditors, and buyers make proper, knowledgeable decisions on the basis of the company’s economic statements. B. Importance of liquidity in assessing a company’s financial health Liquidity is the capacity of a business organization to meet all its current monetary obligations without causing severe commercial strain. The current ratio is a measure used to determine liquidity. It is calculated by dividing current assets by current liabilities.   A greater ratio enhances the financial position of the company since it indicates that the firm can meet its short-term liabilities. On the other hand, a low current ratio may signal potential deficits that may endanger liquidity in the future and affect the business’s ability to continue operations. II. What is the current ratio? This is also commonly referred to as the working capital ratio and is calculated in the following manner. This ratio evaluates the ability of a venture to finance its assets, liabilities and equities comparing current assets with current liabilities. The current ratio shows a company’s ability to pay near-term liabilities. It is generally regarded as a broad indicator of financial stability.... --- ### Deferred Tax Liability: Calculate, Meaning & Examples - Published: 2024-10-16 - Modified: 2024-10-22 - URL: https://coinswitch.co/switch/personal-finance/deferred-tax-liability/ - Categories: Personal Finance - Tags: deferred tax calculation, Deferred Tax Liability, deferred tax liability example, deferred tax liability meaning, what is deferred tax liability When tax responsibility builds up over a financial year but isn’t due until later, it is called deferred tax liability. There is a delayed tax debt because the tax was earned at a different time than when it is due to be paid. Having a good understanding of deferred tax calculation is important for businesses as well as individuals. A.   A brief explanation of Deferred Tax Liability (DTL) The balance sheet of a business shows taxes that are due but will be paid at a later date. These taxes are called deferred tax liabilities. Because of a difference in time between when the tax was earned and when it is due, the debt has been put off. B.   The importance of understanding DTL for businesses and individuals Understanding the deferred tax calculation and other related ideas is important. It helps determine a business’s earnings and the amount of tax it will have to pay in the future. It thus shows whether a business is profitable or not. This is an essential bit of information for prospective investors as well as businesses. II. What is deferred tax liability? The equity of a business contains taxes due and payable but not paid at the end of the financial year. This is known as deferred tax liabilities. Since one is able to delay the payment of the tax by a certain period of time after the tax has been earned, it has been deferred. A.   Definition and concept The tax... --- ### Crypto Market Analysis | 16 October 2024 - Published: 2024-10-16 - Modified: 2024-10-16 - URL: https://coinswitch.co/switch/market-analysis/16-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin’s price moves took traders on a rollercoaster ride on Tuesday, as it surged to a nearly three-month high of $67,950 before dipping back to the $65,000 range and then rebounding to over $67K. This rollercoaster move still leaves BTC up 9% over the past week. Analysts, including Standard Chartered's Geoff Kendrick, point to political factors like the growing momentum of Donald Trump’s presidential campaign as a possible driver of the recent rally. Polymarket now gives Trump a 58% chance of winning, his highest odds since Joe Biden exited the race. Ether (ETH), meanwhile, saw a 10% surge between October 10 and 15, climbing to a two-week high of $2,688. Despite this, ETH remains 25% down over the last three months, weighed by lukewarm interest in the recently launched spot Ether ETFs and sluggish demand for Ethereum despite its focus on Layer-2 scaling. The Ethereum network also saw a 23% drop in decentralized application (DApp) volume over the past week, sparking concerns that ETH's price could soon face downward pressure. In other news, wallets tied to Elon Musk’s Tesla moved $760 million worth of Bitcoin to unknown wallets, raising questions as the company remains the fourth-largest BTC holder among public firms. --- ### Crypto Market Analysis | 15 October 2024 - Published: 2024-10-15 - Modified: 2024-10-15 - URL: https://coinswitch.co/switch/market-analysis/15-october-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin started the week on a strong note, reaching as high as $66,500. The big question now is whether this momentum will hold or fade. Over the past seven months, most of Bitcoin’s upward moves have been stopped short at key resistance levels. Most recently, the $65,000 to $66,000 range has posed a significant challenge, with Bitcoin struggling to close above it daily. Yesterday’s breakout saw Bitcoin briefly rise above a descending trendline, but it’s still uncertain if this movement will result in a solid close above resistance. Traders are watching closely to see if the bulls can secure further gains. At the same time, Coinbase and mining companies like CleanSpark and IREN posted impressive double-digit gains with Bitcoin. Meanwhile, the memecoin ‘supercycle’ shows no signs of slowing down, with venture capital firms and institutional players eyeing the opportunity to cash in. --- ### Top 9 Passive Income Ideas To Make Money In 2024 - Published: 2024-10-14 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/personal-finance/passive-income-ideas/ - Categories: Personal Finance - Tags: passive income ideas, passive income sources, second source of income, what is passive income Introduction Nowadays everyone wants a side income. Who can’t use some extra cash every month—whether it is to live a luxury lifestyle or save some for the future? So, if you are also interested in expanding your income sources, keep reading! Here, we are going to explore some new passive income ideas in India. A.  A brief overview of passive income Before we begin to explore the ideas of passive income in India, we will briefly describe passive income to help you understand the concept better. Passive income refers to any source of earning apart from your primary source of income, wherein you don’t actively spend time on it on a day-to-day basis. Therefore, passive income is also known as side income or extra income. The primary earning sources are usually either salaried permanent jobs, fixed professions, or businesses. B.  Importance of diversifying income streams Diversifying your income sources is very important for your financial growth and management. It is not only beneficial in that it helps you make more money. It helps you liquidate your total assets and create strong financial support to easily battle off unfortunate financial events, such as sudden loss of job, loss in business, accidents, etc. C. Anticipation for the best passive income opportunities in 2024 Within the past few years, people across the world have become conscious about earning a passive income. At present, there are a plethora of passive income ideas in India that you can use to boost your earnings. Below, we... --- ### What Is Equity Share Capital & How To Calculate It? - Published: 2024-10-14 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/personal-finance/equity-share-capital/ - Categories: Personal Finance - Tags: equity share capital, equity share capital formula, explain equity shares, share capital formula, what is equity share I. Introduction Equity capital share is an important component of investment and finance. If you are curious about investment concepts of financial matters, you must make some time to learn about equity share capital. Today, we will explore the basic concept of share capital including what it is, how to calculate it, the risks and advantages, and more. A.  A brief overview of Equity Share Capital Equity share capital is commonly known as risk capital. Investors looking forward to expanding their portfolio often take the help of share capital to identify potentially profitable investment options. It is the money the company raises by selling equity shares. B.  Importance of understanding Equity Share Capital in finance Equity share capital plays a vital role in finance. It has an important role in the company’s financial structure. It helps the company raise essential funds to support its day-to-day operations, growth prospects, expansion projects, and more. Also, it is an equally important factor for investors that helps them find profitable investment options. II. What is equity share capital? If you want to know about equity share capital calculation or its pros and cons, you must learn about what it is first. Therefore, we will begin from the basics and learn about equity share or risk capital first. A. Definition and basic concept By definition, equity share capital is a fundamental component in the financial/capital structure of a company or business. ESC is the capital companies generate through issuing equity shares. So, in simple words,... --- ### Crypto Futures Trading: Most Essential Tips - Published: 2024-10-11 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-trading-tips/ - Categories: Crypto Futures - Tags: future and option trading tips, how to do futures trading, trading tips, trading tips and tricks, tricks trading Introduction In the fast-changing world of crypto, futures trading is a popular way for traders to make money from market ups and downs. By learning about trend reversals, bullish reversals, and overall market sentiment, you can set yourself up for possible profits. This guide will help you learn what you need to know. You will discover how to read chart patterns and use risk management techniques, and how to succeed in crypto futures trading. The basics of crypto futures trading Crypto futures trading means estimating and putting your money on the future price of crypto without owning it. What does that mean, and how can you trade in something if you don’t own it? Read on to find out. Understanding crypto futures: A primer Traders do not buy or sell the actual crypto in this type of trading. Instead, they sign contracts that indicate their guess about the value of the asset at a set future date and price. This way, if their guess is right, traders can make money whether the market goes up or down. If they think the price will rise, they can buy (go long) a futures contract. If they think the price will drop, they can sell (go short) a contract.   While futures trading can lead to big profits, it also has risks. So, it is important for traders to be careful and have a clear plan. By looking at price charts and learning about market trends, traders can decide when to buy or... --- ### Funding Rate? A Comprehensive Crypto Futures Guide - Published: 2024-10-11 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/funding-rate-crypto-futures-2/ - Categories: Crypto Futures - Tags: funding rate, Funding Rate Arbitrage, Funding Rate Crypto Introduction In the fast-changing world of crypto trading, perpetual futures contracts are becoming very popular. These contracts are different from traditional futures because they don’t have an expiry date. To keep the price of the perpetual contract close to the spot price, a special system is used: the funding rate mechanism. This system helps maintain a good balance in the perpetual futures market. It keeps the price from moving too far away from the real asset price. Understanding crypto funding rates Crypto funding rates are very important for keeping perpetual futures markets steady and trustworthy. They help balance how many long and short positions traders have. This alignment keeps the price of perpetual contracts in line with the spot price of the underlying crypto. For example, let’s say many traders think Bitcoin will go up. This can create many long positions on perpetual futures contracts. If this happens, the price of the perpetual contract may go much higher than Bitcoin’s spot price. Funding rates help fix this issue. Read More: Mastering Crypto Analysis: Top Techniques & Strategies For Trading Futures The basics of funding rates in crypto futures When the price of the perpetual contract is higher than the spot price, people who have long positions must pay a funding rate to those who hold short positions. On the other hand, if the contract’s price is lower than the spot price, the short position holders pay the long position holders. The funding rate is not a fixed number; it changes... --- ### Equity Market: Definition, Function, Types, and Examples - Published: 2024-10-11 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/personal-finance/equity-market/ - Categories: Personal Finance - Tags: equity market, equity market meaning, equity share market, what is equity in share market, what is equity market I.  Introduction A lot of people use the term equity market. But what is it, really? If you are curious to know about what the equity market is all about, keep reading! Here we present a comprehensive guide to the equity market, including its definition, function, types, examples, and more. A.  A brief explanation of what the equity market is If you want to know what the equity market is and learn about its functions, you must begin with the basics. So, let’s start with a definition. An equity market is a platform that allows companies to raise capital by issuing shares to investors. So, in simple terms, the equity market is a marketplace where companies issue their stocks, and traders or investors purchase them and trade them for profit. B.  The importance and role of the equity market in the financial system The equity market plays a significant role in the financial system. It serves companies who want to raise capital and investors looking for good investment options to make money. Therefore, the equity market plays a vital role in the financial system. To sum it up, it helps both businesses and investors create a co-dependent economy and reduce the amount of external debt. II.  Definition of equity market By definition, an equity market is a type of marketplace. Companies use it to issue their equity shares and stocks for investors to purchase and trade. On the other hand, it is the place where investors buy equity shares and... --- ### What are Equity Shares? Capital, Market & More - Published: 2024-10-11 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/personal-finance/equity-shares/ - Categories: Personal Finance - Tags: equity shares, equity shares example, equity shares meaning, what is equity in share market, what is equity share I.  Introduction Businesses can use various funding options when they need capital to support their day-to-day activities or a new business venture. Selling equity shares is one of those options. It helps raise capital and attract investors by promising a percentage of ownership (a share) in the company. Below, we present a comprehensive guide on equity shares. It covers everything from the types of equity shares to the advantages and disadvantages. A.  A brief definition of equity shares By definition, an equity share refers to the value of the stake or share an investor holds in a company as a return on their investment. The equity shares usually represent the value of shares an investor owns within a company. These share ownerships give shareholders the power to access capital gains and get dividends for the investment in the company. B. Importance of equity shares in the financial market Equity shares are important for both businesses and investors. It helps businesses to raise funds for their business needs. On the other hand, it helps investors secure a percentage of ownership in the company to get regular dividends from the company’s capital gain.   II.  Meaning of equity shares There are different types of equity shares that you can invest in. But before you learn about the types and why you should invest in equities, you must make sense of equity ownership first. A.  Explanation of equity ownership Equity ownership is a type of ownership an investor earns by investing and purchasing... --- ### What is a Rights Issue of Shares and What Does It Mean? - Published: 2024-10-11 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/personal-finance/rights-issue/ - Categories: Personal Finance - Tags: right issue meaning, right issue of shares, rights issue, what is right issue, what is right issue of shares When a company asks its present owners to buy more shares at a lower price, this is called a rights issue. Shareholders can buy these new shares at a price lower than the market rate. Understanding what a rights issue is helps the company make more money without having to find new investors. A. A brief explanation of a rights issue People who own shares can trade rights on the market in the same way they would trade regular shares until the date when new shares can be bought. The rights given to a shareholder are valuable. So, they compensate for the future decrease in the value of present owners’ shares. B. Importance of rights issue in the Indian context Rights issues give current owners special attention. A business provides its owner's shares in proportion to the number of shares they already own. All current owners are free to trade with other people in the market. The current owners can also turn down the RI deal. II. How does a rights issue work? As you already know about what a rights issue is, it’s now time to learn how it works. When a business gives its current owners rights, those rights let them buy more shares directly from the company at a price lower than the secondary market. How many more shares a person can buy depends on how many shares they already own. A. Definition and purpose When a company can’t borrow more money, rights issues are often the... --- ### What is a Share Buyback Or Stock Buyback? - Published: 2024-10-10 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/personal-finance/share-buyback-and-stock-buyback/ - Categories: Personal Finance - Tags: buy back of company shares, Share Buyback, share repurchase, Stock Buyback, what is share buyback The buyback of shares is when a company decides to buy back its shares from its current owners; this is called a share buyback. This can happen through a tender offer or on the open market. The price of the shares in question is higher than the current market price. A.  A brief explanation of stock market terms Companies can buy back shares on the secondary market if they choose to use the open market method. Those who prefer the tender offer must send or sell a part of their shares within a specific time frame to receive the offer. This can also be seen as a way to thank current owners in some way other than paying profits on time. B.  Setting the stage for the significance of share buybacks The main goal of any scheme to buy back shares is to raise the price of those shares. If the board thinks that the shares of the company are not worth as much as they should be, now might be a good time to buy them. On the other hand, buyers may see a return as a sign of management’s trust. II. What is a share buyback? Buybacks let businesses invest in themselves. Cutting down on the number of shares in the market makes it more likely that buyers will hold on to their shares. A company might do a buyback if it thinks its shares are worth less and it wants to give owners better returns. It raises... --- ### Advance Crypto Order Types & Risk Management Techniques - Published: 2024-10-10 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/advance-crypto-order-types/ - Categories: Crypto Futures - Tags: Crypto Order Types, trading risk, trading risk management, types of crypto Introduction The crypto market offers many chances to make profits, just like other financial markets. However it is very unstable, so it requires knowledge of risk management strategies. This blog post will help you learn some advanced ways to reduce losses and protect your investments. By knowing about crypto order types, learning execution strategies, and using risk management tools, you can move through the exciting world of crypto trading more confidently and with better control. Understanding order types in crypto futures trading In the fast-moving world of crypto futures trading, knowing the different crypto order types is key for managing risks and trading well. Each order type has a unique role, helping various trading strategies and levels of risk. Here are three main orders: market, limit, and stop orders. By understanding these crypto order types, traders can better control their trades. They can manage when to enter and leave a trade more smoothly. This can lead to better results in trading. Let’s look at how each order type can help you when trading crypto futures. The role of market orders in trade execution Market orders are the easiest type of trading order. They tell the exchange to make a trade at the best price available in the crypto market. When you use a market order, you focus on getting the trade done quickly rather than worrying about the exact price. This can be handy, but it also comes with risks in a changing market. The price you actually get may... --- ### Successful Crypto Futures Trading Strategies [Advanced] - Published: 2024-10-10 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/advance-crypto-futures-trading-strategies/ - Categories: Crypto Futures - Tags: Crypto Futures Trading Strategies, crypto trading strategies, cryptocurrency trading strategy, futures trading strategies Introduction Crypto futures are now a popular way for traders to take advantage of the ups and downs in the crypto market. Traders can use leverage to make profits from prices going up or down. This creates many new thrilling opportunities for skilled traders. But it is very important to understand the challenges and risks in this market first. This guide will help you do that while sharing smart crypto futures trading strategies. Understanding the basics of crypto futures trading Crypto futures are agreements that require traders to buy or sell an underlying crypto at a set price on a future date. In spot trading, you own the asset right away. But in futures trading, you can predict price changes without really having the crypto. This gives traders more flexibility and the chance to earn higher profits using leverage. When you trade futures, your purchase or sale will go through on the specified date no matter what the market price is then. If you have correctly guessed how the price will move, you make money from the difference between the contract price and the market price. Defining crypto trading pairs and their impact Crypto trading pairs in futures trading are contracts that follow the price of a specific crypto. For example, a BTC/USDT futures contract shows the price of Bitcoin against Tether. Knowing about trading pairs is important, as it affects the asset you are betting on and the currency used for payment. The effect of trading pairs goes beyond... --- ### What is a Crypto Futures Contract? & How They Work on Exchanges - Published: 2024-10-10 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-contract/ - Categories: Crypto Futures - Tags: bitcoin future, crypto derivatives, Crypto futures, Crypto Futures Contract Introduction The crypto market has grown rapidly. Bitcoin is now well-known and has sparked a lot of interest in digital assets. As the total value of cryptos increased, so did the need for ways to manage risks and take advantage of price changes. This is where crypto futures contracts come in. These are agreements to buy or sell a certain crypto at a set price and date later on. Understanding futures contracts Futures contracts are agreements between two people or groups to buy or sell something. This could be a commodity, currency, or financial tool. They agree on a set price for a future date. The terms of these contracts are set by the exchange, which decides details like the quantity, quality, and delivery date of the asset. One big benefit of futures contracts is that they create price certainty and help manage risk. For example, a wheat farmer can use futures contracts to set the price at which they will sell their harvest. This protects them from price drops in the future. On the other hand, a bread maker can use futures to lock in the price of wheat they will buy. This helps them avoid price increases. The basics of traditional futures contracts Traditional futures contracts are often traded on well-known exchanges like the Chicago Mercantile Exchange (CME) Group. These contracts involve assets such as traditional currencies, commodities, or interest rates. They are legal agreements that require the buyer to buy and the seller to provide the asset... --- ### Crypto Futures Trading Strategies For Beginners - Published: 2024-10-10 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-futures-trading-strategies/ - Categories: Crypto Futures - Tags: crypto trading strategies, crypto trading tips, cryptocurrency trading strategy, futures trading strategies, tips for crypto trading Introduction A futures contract allows traders to get involved in the futures market. With it, you agree to buy or sell an underlying asset at a set price on a certain date in the future. This article is a beginner’s guide to it. It will help you understand futures trading strategies & contracts and show you how to get started. Understanding the basics of futures trading Futures trading may seem exciting and rather promising. But first, it is important to understand the basics. A futures contract is a legal deal between two people. With its aid, both parties agree to buy or sell an asset—like a commodity, currency, or financial instrument—at a specific price on a future date. These contracts have set rules about quality, quantity, and delivery location. This makes it easier to trade. Unlike regular trading where you own the underlying asset, futures trading is thus more about guessing how prices will change. What are futures? A futures contract is a legal agreement. It makes the buyer agree to buy and the seller agrees to sell a certain amount of something called an underlying asset. They will do this at a set price and on a future date, known as the expiry date. The underlying asset can be different things. This includes commodities like crude oil and gold, as well as financial items like currencies and stock market indices. The size of the contract is the specific amount of the underlying asset involved, and it can change based... --- ### Understanding Open Interest insights for Crypto & Bitcoin Traders - Published: 2024-10-10 - Modified: 2024-10-14 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/open-interest-insights-for-bitcoin-traders/ - Categories: Crypto Futures - Tags: bitcoin future, btc futures, open interest, open interest chart​, open interest futures Introduction In the fast-changing world of Bitcoin trading, knowing market trends and predicting price changes is key to doing well. There are many tools for technical analysis, but open interest is one of the more important measures that traders, unfortunately, often ignore. This blog post will talk about open interest and why it matters for trading. We will look at how understanding and using open interest can help create good trading strategies. Understanding open interest in Bitcoin trading Open interest is an important idea in trading futures and options. It helps to show how traders feel about the market and how strong price trends are. Open interest is essentially the number of open or active contracts for a specific derivative at a certain time. Unlike volume, which counts all contracts traded during a specific period, open interest shows how many market participants are still holding their positions. The basics of open interest Open interest shows the total number of open contracts held by traders at the end of a trading day. This is important for Bitcoin futures contracts. These are agreements to buy or sell Bitcoin at a set price in the future. When traders make a futures contract, they decide to either buy (long position) or sell (short position) Bitcoin at a certain price later on. Each contract has both a buyer and a seller. Both must keep their positions until the contract expires or until they decide to close it early. Open interest data is helpful for traders,... --- ### Crypto Market Analysis | 30 September 2024 - Published: 2024-09-30 - Modified: 2024-09-30 - URL: https://coinswitch.co/switch/market-analysis/30-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC tested the key psychological support of $65k in the early hours of Monday as Japanese stock market index Nikkie 225 opened close to 2% lower than the previous close on Friday.   This indicates that even as the world seems to be running towards risk-on assets, Japanese are doing otherwise. The data comes in as the Chinese stock market has risen more than 16% in the last week, with the news of China announcing a stimulus program, creating a post-Covid like scenario where risk-on assets showed a tremendous growth in a short period of time. --- ### Crypto Market Analysis | 27 September 2024 - Published: 2024-09-27 - Modified: 2024-09-27 - URL: https://coinswitch.co/switch/market-analysis/27-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin reached its highest price in two months as the monetary stimulus in two of the largest economies, the US and China continues to boost investor confidence. Bitcoin crossed its resistance at the $65k mark with good volumes, making paths for its way across the next resistance path extremely soon. Yesterday marked the launch of one of the highest-ever played Telegram mini game Hamster Kombat’s token - post launching at 1. 4 billion dollars of fully diluted valuation, quickly fell 50% as airdrop holders rushed to sell the token after the negative publicity around it for not distributing enough rewards to the users. It is to be noted however that with more than 300 million users participating in the game, it was extremely unlikely to give substantial airdrop to most of its users. --- ### Crypto Market Analysis | 26 September 2024 - Published: 2024-09-26 - Modified: 2024-09-26 - URL: https://coinswitch.co/switch/market-analysis/26-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) is down 2%, retreating after encountering stronger-than-expected resistance at the $65,000 level. This pullback can be linked to several factors, including weak macroeconomic data, concerns over a potential stock market correction, and uncertainty surrounding the upcoming US presidential election's impact on the crypto market. Adding to the volatility is the upcoming monthly and quarterly options expiry on September 27, which has intensified price swings. Meanwhile, Ether (ETH) is striving to hold above the $2,600 resistance level but has struggled to reclaim $3,000. Increased Ether issuance has weighed on price action, with Ultrasound Money data showing an additional 58,856. 4 ETH was added to the supply over the past 30 days, representing a 0. 6% annualized inflation rate. This, along with rising competition from lower-cost platforms like Solana and BNB Chain, has raised concerns about Ether’s upside potential. On a positive note, PayPal's recent move to enable business accounts to buy, sell, and trade crypto represents a significant development in the mainstream adoption of digital assets. --- ### What is Long Short Ratio In Crypto Futures Trading? - Published: 2024-09-25 - Modified: 2024-09-25 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/long-short-ratio/ - Categories: Crypto Futures - Tags: long and short trading, long position vs short position, long short ratio Introduction Crypto futures trading can be very tricky. You need to understand how the market works and know your own risk tolerance. Many indicators and strategies claim to help in the financial markets, but the Long-Short Ratio is a great tool for feeling the market mood. This blog post will explain the Long Short Ratio and show how crypto traders can use it. The basics of crypto trading positions Before learning about the Long-Short Ratio, it is important to understand long and short positions in crypto trading. These positions are like bets that traders make on whether the price of a specific crypto asset will go up or down. Defining long positions in crypto In simple terms, a long position in the crypto market means buying a digital asset because you believe its price will go up over time. When traders take a long position, they are betting that the asset’s value will increase in the future. They want to sell it for a higher price than they paid. This strategy goes hand in hand with a positive market sentiment, where investors feel good about the asset’s chance to grow. For example, if a trader thinks BTC’s price will rise in the next few weeks, they might buy in at its current market price. Their goal is to keep their BTC until its price hits a target they like. Then, they can sell it and make a profit. Understanding short positions in crypto Entering a short position in crypto is... --- ### How Much Does it Cost to Trade in Crypto Futures on CoinSwitch Pro? - Published: 2024-09-24 - Modified: 2024-12-24 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-future-transaction-fees/ - Categories: Crypto Futures - Tags: Crypto futures, crypto futures fees, lowest fee crypto futures exchange Introduction The crypto market has seen a huge increase in how much crypto is being traded. As trading products improve, more investors and traders are becoming interested in crypto futures. However, just like other types of trading, crypto futures come with costs that can affect how much money you get to take home. This blog will talk about good ways to handle these costs for a better trading experience. Understanding trading fees in crypto futures As the crypto futures space grows, many trading platforms are competing to provide the best services out there. This competition translates into different fee structures and trading costs across platforms. Sometimes, sadly, these costs are not transparent to the user. So, before you begin trading, it’s very important to understand these fees. Two main fees you will see with crypto futures are maker fees and taker fees.   The basics of maker and taker fees A maker is a person who provides liquidity to the system. They do this by placing limit orders on an exchange’s order book. Makers help add depth to the market and earn a maker fee for their work.   For example, on a crypto exchange, if you set a buy order for BTC at a price that is lower than the market price, you add liquidity to the market. What this means is you give someone the chance to sell their BTC quickly. Your order stays on the order book until another trader decides to sell at your price. These... --- ### Crypto Market Analysis | 24 September 2024 - Published: 2024-09-24 - Modified: 2024-09-24 - URL: https://coinswitch.co/switch/market-analysis/24-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin is facing a tough battle at the key resistance level of $65,000, maintaining a lower-high pattern. For bulls to regain control, they will need to generate enough momentum to break through this critical barrier. Bitcoin’s initial support is at $62,500, with a more robust floor around $59,000 and the $65,000 level remains a key resistance. A clear break above this could open the path to the $70,000 mark. However, the daily RSI shows a bearish divergence, suggesting potential downside risks. Bitcoin must hold above $62,500 to invalidate these bearish signals. With the monthly and quarterly closings on September 27 approaching, the expiration of options contracts is expected to add to market volatility. Traders positioning around these expirations could lead to heightened price swings, as significant open interest could trigger sharp moves in either direction. Lastly, BlackRock's Bitcoin ETF is adjusting to a 12-hour BTC withdrawal window from Coinbase. This move addresses investor demand for on-chain verification of Bitcoin held for BlackRock’s spot ETFs. --- ### Crypto Technical Analysis: Understanding The Basics - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-technical-analysis/ - Categories: Crypto Futures - Tags: analysis of cryptocurrency, Crypto Analysis, crypto chart analysis, crypto technical analysis Introduction The crypto market can be pretty volatile, but it can offer big profits. Traders use technical analysis to navigate this situation, understand how the market feels, and create trading strategies. This type of analysis looks at past price data, chart patterns, and market signals to guess where the prices could go next. By spotting patterns and trends, traders can make smart choices and take advantage of new opportunities. Understanding the basics of crypto technical analysis Crypto technical analysis uses past price and volume data shown in charts to help find patterns and trends. It gives traders clues about possible future price movements. Traders thus use it to guess market sentiment. This helps them make smart trading choices. Technical analysis involves the use of some important tools. These include support and resistance levels, trend lines, and technical indicators. Such tools help traders see price action and its direction. They also measure market momentum and locate good points for entering or exiting trades. The importance of technical analysis in crypto trading Technical analysis is like a guide for understanding the crypto futures market. It looks at past price movements and trading volume. This helps traders see market trends and predict possible changes in mood. With technical analysis, traders can make choices based on facts instead of just taking a guess. It gives clear insights into how the market acts. By using hard data and known patterns, traders can reduce the role of feelings, which might lead to bad trading choices. Also,... --- ### Funding Rate Crypto Futures: Manage Liquidation Risks and Maximize Profits - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/funding-rate-crypto-futures/ - Categories: Crypto Futures - Tags: funding rate, Funding Rate Crypto, Funding Rate Crypto Futures Introduction In the changing world of crypto, perpetual futures contracts have become quite popular. A key part of this market is the funding rate mechanism. Unlike regular futures, these contracts do not have an expiry date. This means there needs to be a way to link their value to the spot price of the underlying asset. The funding rate does this and is thus very important.   It affects how the market moves and creates both opportunities and risks for traders. However, using leverage along with funding rates can lead to liquidation. This is why it is essential for traders to manage their risks well. The basics of crypto futures and funding rates Crypto futures are contracts that let traders speculate on the future price of cryptos like Bitcoin or Ethereum. They are different from regular futures because they often come with perpetual contracts. This means, similar to a margin-based spot position, they do not have an expiration date. To keep the price of the perpetual contract close to the spot price of the crypto, the perpetual futures market uses funding rates. These rates are payments made between traders who think the price will go up (long positions) and those who think it will go down (short positions). The rate’s direction and size depend on factors like the difference between the spot price and the contract price, as well as the overall market sentiment. Exploring the concept of funding rates in crypto futures The perpetual futures market brings something new... --- ### Crypto Market Analysis | 23 September 2024 - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://coinswitch.co/switch/market-analysis/23-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) is holding firm near its critical support at $62. 5K after a volatile but positive Sunday. Notably, BTC has posted seven consecutive green daily candles, a streak not seen since February of this year—right before its remarkable 50% rally from $48K to $72K. This pattern suggests a strong potential for another bullish run, especially in light of recent Fed rate cuts, which may inject renewed optimism into the market. Meanwhile, Bitcoin dominance recently touched 58. 6%, its highest level since March 2021. However, this could indicate a nearing peak for this cycle as the ETH/BTC pair—the leading altcoin benchmark—has bounced off a 40-month low, signaling possible strength returning to altcoins. --- ### Exploring Crypto Liquidation Strategies In Futures Trading - Published: 2024-09-20 - Modified: 2024-09-20 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-liquidation/ - Categories: Crypto Futures - Tags: crypto exchange liquidity, crypto liquidation, crypto liquidity, top crypto liquidity providers Introduction Futures contracts are agreements to buy or sell an underlying asset at a specific price at a specific future date. They are a type of derivatives contract. These contracts are important in the financial markets. They give traders chances to hedge or speculate. In this article, we look at this type of trading in relation to crypto liquidation and try to understand why the latter is a valuable tool. Understanding crypto liquidation in futures trading Crypto liquidation in futures trading is about closing a position to balance out the initial trade. If a trader has a long position, which means they want to buy the asset, they will need to sell the contract to liquidate it. On the other hand, if they have a short position, meaning they want to sell the asset, they must buy back the contract to complete the liquidation. Crypto liquidation is thus common in futures trading, but traders must think carefully about its effects. This includes looking at how leverage can influence trading results. Not knowing how crypto liquidation works can cause big financial losses, especially for new traders who may not fully understand futures trading. In other words, traders who do not know when and how to manage their positions risk liquidation. The basics of crypto liquidation in the market Crypto liquidation in the stock market, especially in futures trading, depends on margin requirements. When you trade futures, you must put down a percentage of the contract’s value as the margin. This serves... --- ### Crypto Market Analysis | 20 September 2024 - Published: 2024-09-20 - Modified: 2024-09-20 - URL: https://coinswitch.co/switch/market-analysis/20-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With Bitcoin enjoying another green day following the recent Fed pivot, all eyes turned to the Bank of Japan (BOJ). As expected, the BOJ kept its benchmark short-term interest rates unchanged for September. This decision came with heightened attention, as the last time the BOJ unexpectedly raised rates, Bitcoin plummeted from $66,000 to $49,000 in just a week—underscoring the critical role macroeconomic shifts play for Bitcoin traders. While Bitcoin remains comfortably above its $63,000 support level, Ethereum, the second-largest crypto, is facing significant resistance at $2,500. This is a critical threshold for the entire altcoin market, as a breakthrough could signal the next upward move. Meanwhile, ETH/BTC remains at its April 2021 level of 0. 039 BTC per ETH, continuing to struggle with breaking higher. On the other hand, Solana-based prediction market DRIFT protocol has raised 25 million dollars in funding from led by Multilcoin capital. Amid the ongoing US presidential election campaign, market has already seen volumes more than 1 billion dollars - prediction markets could be one of the hottest avenues currently in DeFi markets. --- ### Crypto Market Analysis | 19 September 2024 - Published: 2024-09-19 - Modified: 2024-09-19 - URL: https://coinswitch.co/switch/market-analysis/19-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The Federal Reserve announced a 50 basis point cut to its benchmark interest rate, marking the first reduction since the onset of the Covid-19 pandemic. The decision spurred a rally across markets, with Bitcoin surging back above $62,000, and the S&P 500 gaining 0. 7%. Lower rates are often considered bullish for Bitcoin, enabling investors to borrow cheaply to purchase riskier assets like BTC. In other news, Solana launched its second mobile device, called "Seeker. " According to Solana, this is more than just a 'memecoin phone,' hinting at broader functionality and use cases. --- ### Crypto Market Analysis | 18 September 2024 - Published: 2024-09-18 - Modified: 2024-09-19 - URL: https://coinswitch.co/switch/market-analysis/18-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After a shaky start to the week, Bitcoin showed resilience yesterday, breaking above $61k, before settling around the $60. 5k level. BTC posted a solid 5% gain, while stock markets gave mixed signals, hovering near recent highs. Meanwhile, gold slipped by more than half a percent. Today marks a crucial moment for financial markets, with the US Federal Reserve’s long-awaited interest rate decision. Fed Chairman Jerome Powell is set to announce a potential 50 basis point rate cut—a move anticipated by most analysts. Regardless of the outcome, the decision is expected to bring heightened volatility, especially for BTC, which could swing in either direction. Altcoins are also showing strength alongside Bitcoin. In other news, Microsoft and BlackRock have unveiled plans for a $30 billion fund to invest in AI infrastructure, which may bring renewed attention to AI-focused crypto tokens. --- ### Share Market Basics: What Is Share Market In India, How to Invest, and Meaning - Published: 2024-09-17 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/stock-and-share-market-basics/ - Categories: Personal Finance - Tags: learn share market, learn stock market, share market basics, stock market basic knowledge, Stock Market Basics I. Introduction Interested in investing in the share market in India but don’t know where to begin? Not to worry because, in this write-up, we will discuss everything you need to know about the share market before you get started. From the share market basics, including what it is and how to invest to common challenges and tips for success, we will cover everything there is to know. A.  A brief overview of the share market in India Before you begin to invest in the share market you must learn about the share market basics. A share market is a platform that enables sellers and buyers to come together and trade publicly listed shares within a specific time period of the day.   B.  The importance of understanding the share market basics If you are curious about the share market or interested in taking part in trading, you must learn about the basics of the share market. This is because share market investment contains various financial risks that can lead to significant monetary loss.   II. What is the share market? If you are curious about the share market, you must begin by learning about it first. Learning all about the share market basics will help you understand the concept better and keep you safe. A.  Definition and explanation in simple terms By definition, a share market is a type of market where shares are traded among eligible investors. It is a platform where both buyers and sellers come together... --- ### Foreign Direct Investment (FDI) in India: What It Is and What Are Its Types? - Published: 2024-09-17 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/foreign-direct-investment-and-fdi/ - Categories: Personal Finance - Tags: FDI, Foreign Direct Investment, foreign direct investment example, types of fdi I.  Introduction If you are a business professional willing to expand your business across borders or an economy enthusiast, curious to learn about FDI or Foreign Direct Investment, you’ve come to the right place. Today, we will discuss everything you need to know about Foreign Direct Investment: what it is, the types of FDI, and more. A.  A brief definition of Foreign Direct Investment (FDI) By definition, the term Foreign Direct Investment or FDI refers to the ownership stake in a foreign project or company made by a government, company, or investors or another country. So, FDI refers to business decisions like buying a stake in a foreign company or acquiring a company outright in a foreign land to expand your business in a new landscape. Read More: What is an acquisition? B. Significance of FDI for India’s economic growth But before we delve into some of the benefits or learn about the different types of FDI, you must first learn about its significance in India’s economic growth. Foreign Direct Investments, or FDI, play a pivotal role in India’s economic growth because this type of international economic integration creates long-term links between India and the world outside, expanding the market economy and increasing growth opportunities. II. Historical perspective Taking a historical perspective on the subject of Foreign Direct Investment in India is crucial to understanding how it works in the Indian market at present. A. Evolution of FDI in India Many experts trace the history of FDI in India to... --- ### Crypto Market Analysis | 17 September 2024 - Published: 2024-09-17 - Modified: 2024-09-17 - URL: https://coinswitch.co/switch/market-analysis/17-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin’s price hovers near $58,000 as traders brace for the US Federal Reserve’s upcoming monetary policy decision, with markets largely anticipating a 0. 5% rate cut. Economic concerns extend beyond the US, as weak data from China adds to the market's woes. Meanwhile, Bitcoin dominance has surged to 58%, while the ETH/BTC ratio dipped to 0. 03, marking its lowest level in 3. 5 years. --- ### Revenue Expenditure: Meaning, What It Is, Examples & Formula - Published: 2024-09-16 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/revenue-expenditure/ - Categories: Personal Finance - Tags: difference between capital expenditure and revenue expenditure, revenue expenditure, revenue expenditure definition, revenue expenses, what is revenue expenditure Introduction Cost management is an essential part of running a business or an organization’s finances. A big part of these costs comes from revenue expenditures, which include day-to-day working costs and costs needed to keep the business running. A. Definition of revenue expenditures Revenue expenditure refers to the costs that a business has to pay to make money. Some examples are the costs of fixing and maintaining assets, paying employees, paying for utilities, renting and selling property, and other fees necessary for the business to run. 1. Brief explanation in simple terms In business, revenue expenditure is the amount that has to be spent to make money, or, in other words, the expenses necessary for the smooth functioning of the business. Rent expenses, bill payments, promotion expenses, and raw material expenses are classified under income expenditures. 2. Importance in financial management When you have a good idea of how much each income item costs, it is easier to determine which costs are necessary for running a business. This helps companies to find and cut unnecessary costs. With this knowledge, they can easily make the required changes when they need to. II. What constitutes revenue expenditures The total amount of money a business spends on making its goods and services is called its revenue expenditure. During accounting time, they are seen as necessary for making money. Revenue costs can often be deducted from your taxes because they happen on a regular basis. A. Everyday operational expenses A business can’t make its... --- ### Crypto Market Analysis | 16 September 2024 - Published: 2024-09-16 - Modified: 2024-09-16 - URL: https://coinswitch.co/switch/market-analysis/16-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Unable to sustain above the 60k mark, BTC fell sharply with the Asian market opening on Monday morning, with the next big support round the $57. 5k mark. On the other hand, the ETH/BTC pair has reached June 2021 levels, with the world’s second-largest crypto likely to breach the 2L INR per ETH mark. Even as Michael Saylor’s MicroStrategy bought 18,300 more BTC worth more than $1. 1 billion, BTC is yet to join the bull run stocks and gold witnessed on Friday. With the US Fed’s monetary easing pivot less than 3 days away, the current week is one of the most important for broader markets in recent times. --- ### Understanding Beta in Stock Market: Formula, Types & Advantages - Published: 2024-09-13 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/beta-in-stock-market/ - Categories: Personal Finance - Tags: beta calculation formula, beta in share market, beta in stock market, high beta stocks meaning, how to find beta of a stock Introduction of Beta In Stock Market Beta in stock market is a number that investors use to determine how risky a particular stock is. It helps them evaluate how volatile a stock is and make sure they change their positions or buy or sell it. A.   A brief explanation of the importance of understanding beta in stock market investing Beta in stock market weighs the risk of an investment by comparing variation to a standard. It is based on the idea that more considerable risks can lead to higher possible benefits. Analysts thus use the beta formula to figure out how risky a stock is. As a general rule, stocks with a beta value greater than 1. 0 are thought to be riskier but offer higher returns. On the other hand, stocks with a beta value less than 1. 0 are considered to be less dangerous but usually offer lower returns. B.   A promise to break down the concept without overwhelming jargon Beta is a relatively simple concept but it can seem daunting, as it comes with a bunch of technical vocabulary. The goal of this guide is to help clear out the jargon so that anyone—from fresh investors to experienced ones—can approach investing with in-depth knowledge.   II. What is beta in stock market? Beta stocks are very unpredictable assets that react quickly to market changes. All assets on the stock market have a stock beta, which is calculated by comparing the possible risk and return factors... --- ### Crypto Market Analysis | 13 September 2024 - Published: 2024-09-13 - Modified: 2024-09-13 - URL: https://coinswitch.co/switch/market-analysis/13-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has bounced back to above $58,000, driven by strong US Producer Price Index (PPI) data and a rebound in major US stock market indices. The correlation between Bitcoin and the Nasdaq remains evident, with BTC closely mirroring the movements of tech-heavy stock indices. Altcoins show resilience Altcoins are also showing positive momentum, with many experiencing notable rebounds alongside Bitcoin. The overall sentiment in the altcoin market remains cautiously optimistic. Grayscale launches XRP Trust, eyes ETF In a significant development, Grayscale has launched an XRP Trust, further solidifying the case for a potential Ripple-based ETF in the future. This move signals growing institutional interest in XRP and could be a precursor to further mainstream adoption. --- ### The Tata Group: History, Listed Companies, Subsidiaries & Facts - Published: 2024-09-12 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/tata-group-company/ - Categories: Personal Finance - Tags: tata company group, tata company history, tata founder, tata group, tata history I. Introduction The Tata Group is a titan in the business world. Established in 1868, the Tatas have a long company history. The Group is a key player in various sectors and is noted for its commitment to innovation. A. A brief overview of Tata Group Initially working as an Indian exchange company, the Tata Group was formed over the course of the years. It later diversified into several sectors. It presently operates in the steel, car, and data innovation sectors. Tata has a significant global presence as well. B. Significance in the business world The Tata Group is notable due to its broad reach and impact. Each of its companies sets high standards in their respective industries. A significant influence on the global market, the Tata Company's history reflects a journey of development and excellence. II. Historical journey The historical journey of the Tata Group is rather motivating to hear about. From its modest beginning in the later part of the 1800s, Tata Group developed into a global powerhouse. Its story exhibits its vision, innovation, and resiliency. A. Founding and early years Jamsetji Tata opened a trading company in Mumbai, India, in 1868, hence launching the Tata Group. The company swiftly went into textiles after briefly concentrating only on trading initially. The establishment of Tata Steel in 1907, India’s first steel plant, was made possible by Jamsetji’s vision. The important industrial contributions made by the Tata Group officially began with this venture.  B. Key milestones and achievements The Tata... --- ### Crypto Market Analysis | 12 September 2024  - Published: 2024-09-12 - Modified: 2024-09-12 - URL: https://coinswitch.co/switch/market-analysis/12-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news US stock indexes rebounded strongly, closing near weekly highs despite a sharp drop following yesterday’s positive inflation data. This recovery has led to growing speculation that the indexes may be heading toward all-time highs. Crypto insights: Bitcoin (BTC) has reclaimed the $58K level and is holding steady after dipping below $56K briefly yesterday. Positive net inflows into ETFs for the third consecutive day highlight increasing institutional demand. In the altcoin space, SUI is among the top gainers following Grayscale’s launch of the SUI Trust. Sentiment check: The Fear & Greed Index is at 31, signaling fear and uncertainty as the market remains cautious about its next move. --- ### Crypto Market Analysis | 11 September 2024  - Published: 2024-09-11 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/market-analysis/11-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin is trading in line with U. S. equities, which saw the S&P 500 and Nasdaq close higher for a second day ahead of today’s highly anticipated August CPI inflation report. Bitcoin is still battling to reclaim $58k, a key level that has flipped from support to resistance. Meanwhile, altcoins are holding strong, with Altcoin dominance at critical support levels and notable pumps in blue-chip assets like ICP and AAVE. After two weeks of consistent outflows, Bitcoin saw a positive shift yesterday, with $117 million in inflows signaling renewed buying interest by institutions. With U. S. CPI data due at 6:00 PM IST, market volatility is expected. If inflation comes in lower than anticipated, a short-term rally could be on the horizon. The Fear & Greed Index stands at 37, reflecting fear, but it's a notable improvement from last week's more extreme fear sentiment. Overall, today promises to be an exciting one, setting the stage for price action that could shape market momentum for the weeks ahead. --- ### Supertrend Indicators: How Do Generate Buy & Sell Signals? - Published: 2024-09-10 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/supertrend-indicator/ - Categories: Personal Finance - Tags: how to use supertrend indicator, supertrend formula, supertrend indicator, supertrend indicator formula, what is supertrend indicator I. Introduction Traders utilize something called the supertrend indicator to spot market trends. It is a technical analysis tool that determines the best time to enter or exit trades. Your trading judgments and profits can be improved by understanding how it works.   A. A brief overview of supertrend indicator The supertrend indicator is essentially a line on a price chart that helps traders identify risks and confirm market tendencies. It is calculated by adjusting the closing price with a value derived from multiplying the Average True Range (ATR) and a specified multiplier. The Average True Range (ATR) is a measure of market volatility. B. The importance of understanding buy and sell signals When trading, it’s important to know when to buy or sell. The supertrend indicator offers unambiguous signals to help you simplify this. Learning these signals enables traders to minimize losses, improve decisions and maximize gains. Good trading depends on an awareness of it. II. Understanding the supertrend indicator The supertrend indicator is an essential tool for traders. It is simple to use and offers unambiguous buy and sell signals. You must know its formula and how to change its settings for various market conditions if you want to maximize capturing its opportunities. A. Explanation of the supertrend formula The supertrend formula uses the Average True Range (ATR) to calculate market volatility. It then modulates the closing price with a multiplier of this ATR value. This calculation produces a line that follows the price. This line signals a... --- ### Crypto Market Analysis | 10 September 2024  - Published: 2024-09-10 - Modified: 2024-09-10 - URL: https://coinswitch.co/switch/market-analysis/10-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) marked its third consecutive green day—the first time in 50 days—but faced rejection at a key resistance level of $58,000. With the possibility of a Fed rate cut just a week away, BTC needs to break through the critical psychological barrier of $60,000 to sustain its rally toward a new all-time high. In the latest surge, over $93 million worth of short positions were liquidated. Among the top 500 tokens, Rocket Pool's RPL stood out, posting a 22% gain, even as the Liquid Restaking Token (LRT) narrative appears to be losing momentum following the EigenLayer token launch. On the flip side, Helium’s HNT, a leading token in the Decentralized Physical Infrastructure (DePIN) space, saw a 7% drop, becoming one of the biggest losers as its recent growth rally paused. Global markets eagerly await the US Consumer Price Index (CPI) report tomorrow, which could significantly influence the Fed's rate-cut strategy in the upcoming meeting and beyond. --- ### Mastering Crypto Analysis: Top Techniques & Strategies For Trading Futures - Published: 2024-09-09 - Modified: 2024-09-09 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/crypto-analysis-for-futures-trading/ - Categories: Crypto Futures - Tags: Crypto Analysis, crypto fundamental analysis, Crypto futures, crypto technical analysis, cryptocurrency analysis Introduction The crypto market has a lot of ups and downs. This creates chances and risks for traders. To do well in this ever-changing world, it is important to understand crypto analysis. Traders can examine price data, market sentiment, and other factors. This helps them create good trading strategies. Understanding the Basics of Crypto Analysis Crypto analysis means looking at different things that can change the price of a cryptocurrency. There are two main ways to do this: Technical analysis. This looks at past price data, chart patterns, and technical indicators to find trends and guess where prices might go in the future. Fundamental analysis. This checks the basic factors that affect how much a cryptocurrency is worth. This includes the project’s team, its technology, how much it is used, market competition, and general market conditions. The Importance of Crypto Analysis in Trading Crypto analysis is important for making smart investment choices. When traders understand market trends and price action, they can find good chances to buy or sell. Technical analysis helps them spot patterns and signals that can show future price movements. Fundamental analysis gives details on how strong and promising a cryptocurrency project is over the long run. By looking at both technical and fundamental factors, traders can make better decisions about their investments. Still, it’s key to keep in mind that crypto analysis is not perfect. Market conditions can change quickly and without warning. There is always some risk when trading in crypto. Technical vs. Fundamental Analysis:... --- ### What Are Crypto Derivatives & Why Are They Essential? - Published: 2024-09-09 - Modified: 2024-09-10 - URL: https://coinswitch.co/switch/crypto-futures-derivatives/what-are-crypto-derivatives/ - Categories: Crypto Futures - Tags: crypto derivatives, crypto future, crypto options, crypto options trading Introduction In the changing world of finance, crypto derivatives have become popular tools for traders. These financial agreements get their value from an underlying asset, like Bitcoin or Ethereum. They allow traders to use advanced strategies and could help them earn more money through leverage trading. Crypto derivatives give skilled traders strong tools to take advantage of price changes. What are crypto derivatives? Derivatives are a type of financial instrument in which its value is derived from an underlying asset. Crypto derivatives are those where the underlying asset is a crypto. They are essentially tools that let traders earn by speculating how the prices of cryptos will change without actually owning them. It creates more chances for traders to make money than just buying and holding cryptos. That means traders can potentially make money even when the market is going down. The basics of crypto derivatives Suppose you want to buy Bitcoin, or some other crypto, at a certain price later. Crypto derivatives are what you’re looking for in this scenario. But what are they, exactly? They are contracts that let you buy (or sell) a specific amount of crypto for a fixed price, known as the strike price, on or before a set date, called the expiration date. So, if you can estimate the time by when the crypto you want to buy will reach your strike price, you have a good shot. Because these contracts essentially allow you to speculate and put your money on where the price... --- ### Crypto Market Analysis | 9 September 2024  - Published: 2024-09-09 - Modified: 2024-09-09 - URL: https://coinswitch.co/switch/market-analysis/9-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin is trading in a low-volume environment, showing no upward or downward movement, hovering around the $55K mark, a key level to watch. Any notable news, whether positive or negative, could have an immediate impact on the entire market. BTC funding rates on exchange futures are mostly negative, indicating that retail is anticipating a dump. Historically, such setups have triggered short liquidations, leading to rallies. Bitcoin dominance (BTC. D) is breaking its trend and moving downwards, while altcoins are holding well. This could imply that altcoins are at their lowest level and poised for a strong bounce. Meanwhile, smart money continues to accumulate in Bitcoin. Key upcoming events include U. S. CPI on Sept. 11 and PPI and jobless claims on Sept. 12, which could provide market direction. --- ### What is The Difference Between NSE and BSE: Which Is Better? - Published: 2024-09-07 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/difference-between-nse-and-bse/ - Categories: Personal Finance - Tags: difference between nse and bse, nse and bse difference, nse bse difference, nse vs bse, what is the difference between nse and bse I. Introduction NSE and BSE are the main stock exchanges to deal with in India. You would benefit from knowing more about their operational area, differences, and impact on the market. A. A brief overview of NSE and BSE With a $4. 63 trillion market capitalization, the National Stock Exchange (NSE), is India’s biggest stock exchange. In contrast, the Bombay Stock Exchange (BSE) is the world’s ninth-largest stock exchange, with a $4. 5 trillion market capitalization as of February 2024. B. Importance of the stock exchanges in the Indian financial landscape Stock exchanges play a pivotal role in shaping, developing, and raising capital for Indian companies. They bring security to trading, with their high trust and transparency.    C. Purpose of the blog post: Helping readers comprehend the distinctions and make informed decisions In this blog "What is the Difference Between NSE and BSE: Which Is Better? ", we hope to offer you a detailed understanding of these two stock exchanges in India and help you differentiate between NSE and BSE with ease. This post will help you in deciding where you want to buy or sell stocks. II. Meaning of NSE and BSE NSE means National Stock Exchange, and BSE stands for Bombay Stock Exchange. They are both associated with their own indexes. That said, let’s find out what drives their establishment with a brief historical overview. A. Detailed explanation of NSE The big market size and higher trading volume make NSE one of a kind among other leading... --- ### Double Top And Double Bottom Patterns: Indicators & How To Trade - Published: 2024-09-07 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/double-top-and-double-bottom-patterns/ - Categories: Personal Finance - Tags: double bottom pattern, double top and double bottom, double top and double bottom pattern, double top pattern, m pattern in stock market, w pattern I. Introduction Double top and double bottom are two vital indicators in trading that fall under the broad category of chart patterns. Understanding and decoding their nature will help you become a successful trader. A. A brief overview of technical analysis In trading, we use various ways to predict or evaluate stocks’ future price ranges or movements. Charts, patterns, and indicators are the basic tools of technical analysis that we use to forecast future stock performances. Read More: What is crypto technical analysis? B. Importance of recognizing patterns in trading Pattern recognition in trading helps in predicting the ups and downs of the value of a stock. It helps traders to strategize their next move. The patterns can indicate a potential reversal or continuation of a market trend. They reduce financial loss by reflecting previous trends and market sentiments. II. Understanding double-top patterns Understanding double-top patterns is crucial to decoding market psychology and a possible reversal of price trends. You can get a better idea through a clear definition and identification of norms. A. Definition and characteristics When a pattern on the candlestick chart reveals an end of an uptrend towards shifting to a possible downtrend, you can say it is a double-top pattern. It shows a bearish reversal. B. Identifying double tops on price charts You can identify double tops through their significant M pattern style on the price charts. This means the price goes upwards, then down, again on top, then another down. It is characterized by what... --- ### ESOPs: Unlocking the Potential of a Comprehensive Guide - Published: 2024-09-05 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/esops-employee-stock-ownership-plan/ - Categories: Personal Finance - Tags: employee share, employee stock option plan, ESOP, esop meaning, what is esop I. Introduction Are you interested in ESOPs and want to use them to transform your business? Our comprehensive guide about unlocking their power will cover everything you need to know about it. A. Brief explanation of ESOP (Employee Stock Ownership Plan) ESOP or Employee Stock Ownership Plan is a retirement scheme that gives employees a chance to participate in the company’s financial growth. It does this by grunting a percentage of shares on their name. The employee stock ownership plan is a mutually beneficial scheme that helps both employees and employers. B.     Importance of ESOP in fostering employee engagement and loyalty Employee Stock Ownership Scheme or ESOP is an essential tool for fostering a healthy and strong employee-employer relationship. It boosts employee engagement and loyalty towards the company they work for. Owning a percentage of the business in the form of shares helps employees feel invested in the company’s financial growth.   II. Understanding ESOP: Meaning and full form If you want to incorporate ESOPs in your business, you should learn about what ESOPs are first. A.  Definition of ESOP and its full form By definition, ESOP is an employee stock ownership plan, scheme or program that helps employees to become partial owners. This is done via grunting a percentage of stock. It helps both employees and employers foster a mutually beneficial relationship. The scheme is regulated by the Companies Act of 2013 in India, offering various benefits for both employees and employers. B.  Highlighting the link between... --- ### Industry Analysis: What Is & Why Is It Important? - Published: 2024-09-04 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/industry-analysis/ - Categories: Personal Finance - Tags: how to do industry analysis, importance of industry analysis, industry analysis, what is industry analysis I. Introduction Companies and businesses use different tools and techniques to analyze their industry and maintain a competitive edge in the market. Industry analysis plays an important role in business growth and management. So, whether you are a business professional, an investor, or an authentic business analysis enthusiast, learning about industry analysis is vital. Today, we will explore what industry analysis is and why it is so important. A.  Definition of industry analysis By definition, industry analysis is a special market analysis tool that helps to evaluate the intensity of competition within a specific industry. This tool can be used to understand the market position of a business, and how external and internal factors affect their competitive edge. These factors may include technological advancements, demand and supply chains, new rivals, and more. B.  A brief explanation of its importance Business industry analysis plays a pivotal role in evaluating a company’s market position,  and competitiveness. The analysis offers valuable insights to help businesses identify their potential opportunities as well as threats. It also helps predict future changes in the market. II.  The purpose of industry analysis Industry analysis is a vital tool for understanding an industry. It helps to evaluate A to Z of any industry. Below, we will discuss the primary purposes of this analysis. A.  Identifying market trends Industry analysis plays a crucial role in identifying the market trends what’s in and what’s not. It also helps to detect the changing trends of a specific industry, including the changes... --- ### Trading Psychology: Meaning, emotions, and tips on how to improve - Published: 2024-09-03 - Modified: 2024-10-10 - URL: https://coinswitch.co/switch/personal-finance/trading-psychology/ - Categories: Personal Finance - Tags: market psychology, stock market psychology, trading psychologist, trading psychology, what is trading psychology I.  Introduction Psychology is an important part of trading. It can play a pivotal role in determining the success of a trading strategy. Today we will explore what the trading psyche is, its meaning, and tips to improve it. A.  A brief overview of trading psychology By definition, trading psychology is the study of how traders’ mental and emotional state can impact their trading strategies/decisions. In other words, trading psychology can be described as a study of the trader’s psyche—and their ability to handle risks (including gains and losses) without falling out with their original trading goals. B.  The importance of understanding emotions in trading As a trader, you tend to perceive trade as your business and may get very involved. These emotions make up what is called the trading psych. It plays a vital role in your trading decision-making. Although trading emotions can have negative and positive impacts, most traders face the dark side. So, understanding the emotions behind trading or the trading psyche is essential to minimize its negative impacts and milk its positive benefits. II. The psychology behind trading Whether you realize it or not, the moment you step into the world of trading you get emotionally and mentally involved. Every trading strategy you employ is impacted by emotions, such as fear and greed. A.  Explanation of the emotional rollercoaster in trading Trading may seem simple on paper, and as a beginner, you may think that trading is all about buying low and selling high. However, that... --- ### What is the fiscal deficit of India, and how to calculate it: Meaning - Published: 2024-09-03 - Modified: 2024-09-16 - URL: https://coinswitch.co/switch/personal-finance/fiscal-deficit/ - Categories: Personal Finance - Tags: fiscal deficit, fiscal deficit meaning, fiscal meaning, gross fiscal deficit, what is fiscal deficit I. Introduction The stock market world is dynamic. If you are interested in being a part of it you should learn about its key concepts. A ‘fiscal deficit’ is one such concept. It plays a vital role in shaping the dynamics of the stock market. So, today, let’s discuss everything about it—from the fiscal deficit formula to what it is and how to calculate it. A.  Definition of fiscal deficit By definition, a fiscal deficit means the government’s total expenditure and its total revenue generation within a specific period, which is typically known as a fiscal year. In other words, fiscal deficit refers to the amount by which the government expenses exceed the amount of revenue generated in a fiscal year leading to borrowing and debt accumulation. B. Importance in an economic context Fiscal deficit is an important aspect of financial analysis. It plays a major role in economics. A fiscal deficit represents any expenses exceeding the revenue generated by the government. So, calculating and maintaining the fiscal deficit is essential to evaluate the economy of the country. A higher fiscal deficit suggests that it is a seeker economy. II. Components of fiscal deficit The fiscal deficit formula consists of several components. Here we will take a minute to learn about these components in detail. A.  Revenue expenditure Revenue expenditure is a component of the fiscal deficit formula. It comprises all spending on the day-to-day operations of entities. For example, salaries, wages, pensions, subsidies, etc. B.  Capital expenditure Capital expenditure... --- ### Crypto Market Analysis | 3 September 2024  - Published: 2024-09-03 - Modified: 2024-09-03 - URL: https://coinswitch.co/switch/market-analysis/3-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After breaking below the 15-day low of $57. 1K, BTC bulls might offer a glimmer of hope despite the historically challenging month of September. However, it's important to note that this cycle has been skewed by about a month so far. If this trend continues, September could potentially lead to more short liquidations. Even though the US markets were closed for Labor Day, Donald Trump has overtaken Kamala Harris in the prediction markets, now holding a 50% probability of winning the election, which is less than 60 days away. Historically, US elections have generally produced bullish market returns, with notable exceptions in 2008, 2000, and 1940. --- ### What is good enterprise value? How to calculate and formula - Published: 2024-09-02 - Modified: 2024-09-16 - URL: https://coinswitch.co/switch/personal-finance/enterprise-value/ - Categories: Personal Finance - Tags: enterprise valuation, enterprise value, enterprise value calculation, enterprise value formula, enterprise value meaning, what is enterprise value I.  Introduction The enterprise value formula is used as the base of various financial ratios. It helps to evaluate a company’s total value. Besides, it is often used as a more reliable and comprehensive alternative to market capitalization. So, whether you are a finance enthusiast, business professional, or an investor, you must learn the EV formula and how to calculate it. A. A brief overview of Enterprise Value (EV) Enterprise value, or EV, is a crucial part of investing. While investing, you need to learn about the true value of the company, and EV can help with that. It is also essential for the business itself. EV is basically a calculation that reveals a company’s true value using market capitalization, debt, and any cash flow present in the company’s balance sheet. B. The importance of understanding EV in finance EV plays a crucial role in financial matters. It is the true value of a company or organization. It is mostly used by acquisition analysts and mergers. But EV gives investors too genuine insights into a company’s financial structure and helps them understand whether to invest in it. II. What is enterprise value? EV represents the true value of a company. It is an important part of a company’s financial structure and includes the total market capitalization and net debt of the company. A.     Definition and explanation in simple terms By definition, EV is the measurement of a company’s total value or original value. This calculation includes the total... --- ### Crypto Market Analysis | 2 September 2024  - Published: 2024-09-02 - Modified: 2024-09-02 - URL: https://coinswitch.co/switch/market-analysis/2-september-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has lost all the gains it made last week and is now trading below the $57. 5k mark, seeing only one green day in the last seven days. The entire crypto market cap also sits at a $2 trillion support mark, which could easily cause another 10% dip in Bitcoin prices before the next support line is found. Recently-listed Telegram’s popular new coin DOGS was among the top losers, losing more than 14% in the last 24 hours. TON has been trading at a 4% discount since yesterday. In an important development, Cardano has made a shift to decentralized governance as its Chang hard fork going live, where in the next 90 days - ADA token holders will take full control over this layer 1 blockchain. --- ### EBITDA: Full form, meaning, formula, margin and calculations - Published: 2024-09-02 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/personal-finance/ebitda-meaning-and-full-form/ - Categories: Personal Finance - Tags: ebita formula, ebitda, ebitda full form in finance, ebitda meaning, ebitda meaning in business, what is ebitda I. Introduction EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization is a key financial indicator. It explains an organization’s profits to analysts and investors. Non-operating expenses and non-cash items are avoided with regard to EBITDA by concentrating on core operations. This makes it an important tool for comparing organizations in similar industries. A. Definition and origin Earnings Before Interest, Taxes, Depreciation, and Amortization is known as EBITDA. It sprang from the 1980s. Financial analysts created it to assess organizations’ operational performance. They longed for a perfect perspective on profits, free from the commotion of financial and accounting decisions. EBITDA eliminates factors that might vary between them in order to analyze organizations more effectively. Read More: What is accounting? B. The importance of financial analysis In the context of financial analysis, EBITDA is an essential metric. It illustrates the ease with which a business can generate profits from its operations. When taxes, depreciation, interest, and amortization are eliminated, EBITDA can more plainly demonstrate operational viability. Analysts and investors can thus easily use it to evaluate the financial health of an organization. This tool can be employed to compare organizations with a variety of tax structures and capital situations. EBITDA is typically employed to inform investment and valuation decisions. II. EBITDA explained By excluding non-operating expenses, EBITDA calculates a company’s operational profitability. This indicator is essential for distinguishing a company’s actual profitability from its core operations. A. Full structure and meaning It is a comprehensive term that refers to earnings before... --- ### Inverse Head and Shoulders Pattern: What it is & How it Works? - Published: 2024-09-02 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/inverse-head-and-shoulders-pattern/ - Categories: Personal Finance - Tags: inverse head and shoulders pattern, inverted head and shoulders, inverted head and shoulders pattern I. Introduction Technical analysis is a crucial tool in finance. It empowers investors to pursue more educated choices by looking at historical price movements and patterns. But there are a variety of patterns that one can observe and it can all be a bit confusing. Among the variety of patterns, the inverse head and shoulders pattern stands out as it signals future market reversals. For traders and investors, this pattern is absolutely vital. Some valuable opportunities can be found and investment decisions made by comprehending this pattern. A. A brief explanation of technical analysis in finance Technical analysis of securities is the study of statistical trends from trading activity. It forecasts future movements mostly using historical price and volume data. Traders hope to predict market direction and make informed decisions by detecting trends and patterns using this type of analysis. To evaluate market sentiment and possible price shifts, this approach relies on charts and technical indicators. Read More: Understanding trend analysis and trend trading strategies B. Teaser about the inverse head and shoulders pattern A potent tool in technical analysis is the inverse head and shoulders pattern. A downtrend to an uptrend transition is frequently signaled by it. Traders can make strategic investment decisions by recognizing this pattern and predicting prospective market developments. Investors can improve their decision-making and identify opportunities for profit by understanding the inverse head and shoulders pattern. II. Understanding technical analysis By examining past price movements and patterns, technical analysis helps investors predict future market prices.... --- ### Short Term Capital Gains (STCGs) on shares & how to calculate them - Published: 2024-08-30 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/short-term-capital-gains-and-stcg-tax/ - Categories: Personal Finance - Tags: short term capital gain, short term capital gains tax, stcg I. Introduction The term Short Term Capital Gain (STCG) refers to the profit earned from selling shares that have been held for a short period of time, ordinarily less than one year. Effective financial planning and management depend on an understanding of STCG.  A. A brief explanation of Short-Term Capital Gain (STCG) Short Term Capital Gains are raked in when you sell shares that you have managed for a short period. That is, you have sold them at a price that is higher than the price that you purchased them for, and within a period of one year. Taxation applies to the profit generated by these transactions. The holding period being shorter than a year is relevant for tax purposes. Based on local tax regulations, the rate at which STCG tax applies may vary. B. The importance of understanding STCG on Shares Investors may plan their taxes and manage their portfolios better by understanding how STCG operates. Accurate STCG rate calculation guarantees compliance with tax laws and maximizes financial gains. Understanding economic conditions and STCG principles helps make strategic investment decisions.   II. What constitutes Short-Term Capital Gain The profit produced by selling assets for less than a year is known as a Short Term Capital Gain (STCG). It influences financial planning strategies and assessment rates since it is taxed uniquely in contrast to long-term capital gains. A. Definition of Short-Term Capital Gain Capital gains from the sale of speculation or personal property held for less than a year are... --- ### Crypto Market Analysis | 30 August 2024  - Published: 2024-08-30 - Modified: 2024-08-30 - URL: https://coinswitch.co/switch/market-analysis/30-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has been very volatile throughout the week with bears taking the lead, bringing down Bitcoin’s price to $59k. Bitcoin needs to re-test $65k soon for the short-term bearish structure to break. In the US, presidential candidate Donald Trump has proclaimed to make US the “crypto capital of the planet” with his World Liberty financial website hinting at high-yield DeFi opportunities. In the wider market, memecoins topped the losers’ charts with FLOKI (-10. 5%) and DOGS (-6. 5%). --- ### Price to Earnings (P/E) Ratio in Stock Market: What it is, Meaning, Formula, Examples? - Published: 2024-08-29 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/price-to-earnings-ratio/ - Categories: Personal Finance - Tags: how to calculate pe ratio of a stock, pe formula, pe ratio formula, pe ratio meaning, price earnings ratio, what is pe ratio in share market Simply put, the Price to Earnings ratio is one of the tools to help you assess whether to make an investment. So if you’re a seasoned investor or someone who’s just starting out on your investment journey, take a moment to understand the PE ratio in the share market. Introduction The Price-to-Earnings or PE ratio shows how much a company’s shares are worth compared to how much money they make per share (that is, the Earnings Per Share or EPS). The price-to-earnings ratio helps you determine how much a company’s stock is worth compared to other stocks. Read More: What are Earnings Per Share (EPS)? A.   A brief overview of the importance of financial ratios in stock market analysis Ratio analysis can help buyers determine a business’s current performance and future growth potential. However, businesses can make small changes to improve the value of their stock and company numbers without changing their finances.   B.   Introduction to Price to Earnings ratio and its significance The PE ratio is one of the most common ways for buyers and experts to determine a stock’s worth compared to other stocks. It helps you determine whether a stock is priced too high or too low. You can compare a company’s PE to something bigger, like the S&P 500 Index, or you can compare it to other stocks in the same business. II. Understanding the PE ratio The market price of a stock indicates the amount of money individuals are willing to pay... --- ### Crypto Market Analysis | 29 August 2024  - Published: 2024-08-29 - Modified: 2024-08-29 - URL: https://coinswitch.co/switch/market-analysis/29-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With another volatile day in crypto, Bitcoin bears dominated the market for most of the day, with little signs of relief. While bulls were able to hold Bitcoin above the $58k mark, any breakout attempt is greeted with aggressive sell-offs. As Telegram co-founder Pavel Durov got free from police custody to appear before the French court, Telegram-based TON blockchain stopped producing blocks for the second day in a row as the markets dropped all gains it made post Durov’s release. Even after this, TON’s latest memecoin DOGS pumped 19% in the day and remained the top gainer among the top 500 coins by market cap. On the other hand, one of the largest NFT exchanges, OpenSea received a Wells notice from the US SEC yesterday for violating security laws, sparking negative comments from the industry. --- ### Symmetrical Triangle Pattern: Success Secrets to Mastering Your Financial Journey - Published: 2024-08-28 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/symmetrical-triangle-pattern/ - Categories: Personal Finance - Tags: bearish symmetrical triangle pattern, bullish symmetrical triangle, symmetrical chart pattern, symmetrical triangle chart pattern, symmetrical triangle pattern I. Introduction There is no doubt that traders can benefit from studying chart patterns. There are many patterns one could observe, but one of the important ones everyone—whether you’re a beginner or a pro trader—should learn to spot is the symmetrical triangle pattern. So, if you are new to trading or want to upgrade your trading skills and success rate, you should consider mastering this one. A.     A brief overview of the importance of patterns in financial trading The symmetrical triangle chart pattern is a widely used chart pattern in trading. It is primarily a subcategory of the triangle pattern in trading. Like the triangle pattern, this pattern also plays a crucial role in predicting the future price movement of the stocks/shares. B. Introducing the symmetrical triangle pattern as a powerful tool The symmetrical triangle pattern is one of the most popular chart patterns traders use to make trading decisions. Most experts recognize that a symmetrical triangle chart pattern is a powerful tool while studying financial markets; it plays a vital role in guiding trading decisions. As a result, mastering this pattern can effectively improve your trading approach and chances of success. II. Understanding the symmetrical triangle pattern If you are looking forward to mastering the symmetrical triangle pattern, you must develop a basic understanding of how the chart pattern looks and how it works. The symmetrical triangle is also known as a coil, for its formation of trend lines that create a narrowing slope pattern that resembles... --- ### Crypto Market Analysis | 28 August 2024  - Published: 2024-08-28 - Modified: 2024-08-28 - URL: https://coinswitch.co/switch/market-analysis/28-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news During a widespread crypto market sell-off, Bitcoin (BTC) plummeted to $58,000, and Ethereum (ETH) also dropped below the $2,500 mark. The total crypto market cap found support around $2 trillion, offering a brief respite for the bulls. Over $300 million in long positions were liquidated, though no clear catalyst for the downturn was identified. On the other hand, the popular blockchain TON stopped production blocks for around 3 hours, posing questions about network stability as the blockchain failed to handle the massive token claim of DOGS token on Telegram. Solana faced a similar problem in February this year, causing a dump in prices. Yesterday, NASDAQ announced its intention to seek regulatory approval for trading Bitcoin options, following a similar move by the NYSE earlier this year. It remains to be seen if either exchange will succeed in obtaining the necessary approval. --- ### How to Invest in Nifty Index Funds: A comprehensive guide - Published: 2024-08-27 - Modified: 2024-09-16 - URL: https://coinswitch.co/switch/personal-finance/how-to-invest-in-nifty-index-funds/ - Categories: Personal Finance - Tags: how to buy nifty 50 index fund, how to invest in nifty 50 index, how to invest in nifty 50 index fund, how to invest index funds in india I. Introduction How to Invest in nifty index funds is a simple yet effective way to earn money. Today, a lot of people in India as well as outside the country prefer to invest in index funds to make money. However, like any other investment, Nifty Index funds such as Nifty 50 also include potential market risks. So, if you are interested in investing in them, you need to do your market research, and the easiest way to do that is to keep reading. A.     A brief overview of Nifty index funds The Nifty index consists of stocks of different companies, which form an integral part of the Nifty index. When you invest in mutual funds linked to it, your money is invested in the stocks of these companies. However, when you make such an investment you do not directly invest in those stocks. Your investment is poured into the mutual fund, which offers some protection due to portfolio diversification. The fund manager selects the specific stocks based on Net Asset Value or NAV. B.     The importance of understanding index funds for investors Since Nifty is a type of index fund, let’s take a minute to understand what they are. Such funds are an easy and effective way to invest in the stock market and gain profits from portfolio diversification. However, as an investor, it is important to understand index funds properly before you make any investment. Learn more about them here or head down below.... --- ### Crypto Market Analysis | 27 August 2024 - Published: 2024-08-27 - Modified: 2024-08-27 - URL: https://coinswitch.co/switch/market-analysis/27-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After meeting with stiff resistance at $65k, BTC corrected to $63k even as the US ETFs continue to see record inflows, with Blackrock’s IBIT getting more than $221. 9 million worth of inflows yesterday alone. Yesterday, another token on the Telegram-linked TON blockchain got listed on an international exchange which the community got airdropped to by doing certain tasks on Telegram. It got listed with a market cap of a massive $670 million even as Telegram’s founder is still under French custody. As the traditional market looks forward to the largest AI company Nvidia’s earnings on Wednesday this week, AI tokens like RENDER, FET, and TAO have been seeing a slight move and are expected to remain volatile. --- ### Intrinsic Value of A Stock/Share: What It Is & how to calculate - Published: 2024-08-27 - Modified: 2024-09-12 - URL: https://coinswitch.co/switch/personal-finance/intrinsic-value-of-a-stock-and-share/ - Categories: Personal Finance - Tags: how to calculate intrinsic value of a stock, how to calculate intrinsic value of share, intrinsic value, intrinsic value of share, intrinsic value of stock I. Introduction of Intrinsic Value Smart investing requires an understanding of the intrinsic value of a share. Having such an understanding empowers you to decide if a stock is priced sensibly. The more you know about its value, the better choices you will actually make when you are buying and selling stock. A. A brief overview of the importance of understanding intrinsic value A share’s intrinsic value shows the amount it is truly worth in view of its fundamentals and past financial execution. Investors utilize this value to figure out whether a stock is overvalued or undervalued at the time of purchase. To make smart investments, you really want to comprehend things like this. B. Setting the stage for investors looking to make informed decisions Figuring out an asset’s intrinsic value is an unquestionable necessity for anybody trying to build a strong portfolio. It forestalls costly mistakes and helps you avoid expensive stock opportunities. When you know this, you can make smarter and more profitable investments. II. What is intrinsic value? The intrinsic value of a share is its true value in view of the entity’s past financial health and future earnings. Unlike market price, which can change consistently, intrinsic value gives you a better idea about how much a stock is really worth.   A. Definition in layman’s terms Intrinsic value is how much a share is worth. Company earnings, growth forecasts, and other financial factors decide it. This value tells buyers if the price of a stock currently... --- ### Crypto Market Analysis | 26 August 2024 - Published: 2024-08-26 - Modified: 2024-08-26 - URL: https://coinswitch.co/switch/market-analysis/26-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After touching $65k on the weekend, Bitcoin bears have started to feel the pain as market volatility has decreased significantly, with the world’s largest crypto potentially looking for a breakout after a near-certain rate cut. 69k could be the level to watch next for bulls. In a major development in the crypto world, Telegram’s co-founder Pavel Durov got arrested in France, causing Toncoin developed by Telegram to lose more than $3 billion. Famous play-to-earn coin NOT too lost 20% in quick time and is now trading below 1 cent. --- ### Crypto Market Analysis | 23 August 2024 - Published: 2024-08-23 - Modified: 2024-08-23 - URL: https://coinswitch.co/switch/market-analysis/23-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Facing strong resistance around the $61k level, BTC seems to be taking a breather after a volatile week. However, it looks like the market is now waiting for Fed Chair Powell’s speech today to estimate how aggressive the interest rate cuts are going to be. Talking about altcoin, Tron’s ecosystem is in the news with its viral product, the SunPump dot meme generating more than half a million dollars in revenue within weeks of release. Tron’s most popular Dex’s token SUN was also the top gainer yesterday with 40% returns in the last 24 hrs. --- ### What is Trade Receivables Turnover Ratio: Formula And Examples - Published: 2024-08-22 - Modified: 2024-09-12 - URL: https://coinswitch.co/switch/personal-finance/trade-receivables-turnover-ratio/ - Categories: Personal Finance - Tags: accounts receivable turnover, receivables turnover, trade receivables turnover ratio I.  Introduction The Trade Receivables Turnover Ratio is a financial metric that helps to evaluate how well a company can manage its receivable accounts or outstanding balances from clients. It measures how many times a company collects its receivable accounts on average within a specific period—a year. So, whether you are a business professional or an investor, learning about the Trade Receivables Turnover Ratio is essential to managing your finances well. A. A brief overview of financial ratios Financial ratios are a tool that investors use to gain information and analyze the financial state and history of a company or a specific sector. They are equally important for business professionals to learn about their financial growth and maintain a healthy balance sheet. B. The importance of managing trade receivables Trade receivables are also known as account receivables. Maintaining a healthy rate of accounts receivable and managing them efficiently is essential for any company’s financial health. On the other hand, a good rate of trade receivables on a company’s balance sheet indicates a good opportunity to invest.   C. Focus on Trade Receivables Turnover Ratio (TRTR) The Trade Receivables Turnover Ratio is also known as the account receivables turnover ratio or TRTR. It measures the frequency of a company in turning its accounts receivables into cash within a specific time period, which is usually less than a year. The ratio of accounts or trade receivables can vary from one industry to another. However, a ratio of 7. 8 or more in... --- ### What Are Non-Current Liabilities? Definition - Published: 2024-08-22 - Modified: 2024-09-16 - URL: https://coinswitch.co/switch/personal-finance/non-current-liabilities/ - Categories: Personal Finance - Tags: what are non current liabilities I. Introduction Non-current or long-term liabilities are those financial commitments that a company has previously undertaken for its benefit. Understanding its types, with examples and practical implications, will help you understand its importance for your business or investment. A. A brief explanation of liabilities The financial obligations you or your company have in several forms—debts or leases—are called liabilities. Basically, they are monetary commitments you make to your creditors on the basis of your current assets. Liabilities can be in the form of borrowed money, credit card purchases, or loans. They are of two types according to their term length. The short-term or current and the long-term or non-current liabilities. B. The importance of understanding non-current liabilities It is necessary for you to understand non-current liabilities for the sake of the financial health of your company. And a definition along with explanations and examples will help you get a clearer understanding. II. Defining non-current liabilities Noncurrent liabilities or debts are those of your long-term obligations that you put on the balance sheet. As its name suggests, you are liable to pay all these dues and debts in a period which is more than 12 months. A. Explanation in layman’s terms To put it simply, non-current liabilities are the financial commitments that you will have to take care of in the upcoming few years. These are the dues that you will have to pay but not immediately, rather over a long period—more than 12 months to be precise.   B. Examples... --- ### Current Liabilities: What it is, meaning, examples and formula - Published: 2024-08-22 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/current-liabilities-examples/ - Categories: Personal Finance - Tags: current liabilities, current liabilities meaning, what are current liabilities, what do you mean by current liabilities I. Introduction Current liabilities are often used to describe short-term financial obligations or debt owed by individuals or enterprises. It is an important subject if you are interested in investing, or are a professional looking to balance your debt portfolio. Here we will explore the meaning, definition, and formula of current liabilities, with examples. A. A brief explanation of current liabilities Liabilities or current liabilities is a financial concept that refers to an individual or enterprise’s obligations or debt on a yearly basis. Simply put, the liabilities of an enterprise or an individual refers to what that entity owes. It is sometimes called short-term liabilities as it includes financial and other debt for a period of less than a year.   B. Importance in understanding a company’s financial health Any company’s financial health depends on its liabilities. The current liabilities of a company include the financial obligations and debt within one financial year. So, it can be used to create a balance sheet of a company’s financial state and debts—which can then be used to quantify the company’s financial health. II. Definition of current liabilities By definition, the current liabilities of a company or enterprise usually refer to the financial obligations of the company that are due within a financial year. So, the current liabilities involve the debt of the enterprise within that period. A.  Clear explanation in simple terms For a clearer understanding and explanation of current liabilities in simple terms, you can say that the current liabilities of... --- ### How Per Capita Income Is Calculated: Formula & Examples - Published: 2024-08-22 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/per-capita-income/ - Categories: Personal Finance - Tags: per capita income I. Introduction The term ‘per capita’ comes from the Latin phrase ‘by head. ’ The term is ordinarily used to portray the average per person in a given measurement. A. Brief explanation of per capita income The term ‘per capita’ is most often used in economics, statistics, and business. It helps to report the average income per person in a country, state, or city. Economic indicators of countries with different population sizes often utilize the per capita proportion. The projected per capita income for the Indian population in the year 2024 is 2. 73. B. Importance of understanding per capita income There are different reasons for why one ought to understand per capita income. The economic situation of different areas can be measured. Also, it offers insights into the people’s living standards and quality of life in a neighborhood. Governments and policymakers design economic policies and apportion appropriate resources by relying on per capita income. This is because knowing the per capita income formula assists us with better handling the income and wealth distribution in a society. II. What is per capita income? Per capita income measures the average income per person in a given area. It helps understand a region’s economic and health standards. A. Definition The average income per person in a certain area, such as a country or region, is known as per capita income. The total income of the area is divided by its population to arrive at this figure. The economic well-being of an area’s... --- ### Share Market Books: A Beginner’s Guide To Embarking On The Stock Market Journey - Published: 2024-08-22 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/personal-finance/share-market-books/ - Categories: Personal Finance - Tags: share market, share market books I. Introduction Learning something new is always exciting. However, it can also be quite challenging if you are encountering many concepts for the very first time. In such situations, books can be a really handy beginner’s tool. That holds especially true if you are entering the stock market and learning about trading for the first. It is important to gain deep knowledge before you begin trading because stock market investment involves financial risks. And if you’re looking for in-depth knowledge, there’s no better place to go than books. Books can give you all the information you need about the stock market, how it works, the best investment methods, tips to mitigate risks, and so on. 1. Understanding the basics As a beginner in stock market trading, you must begin with the basics. Below are some of the best share market books that will give you a clear understanding of stock market basics. A. The Intelligent Investor by Benjamin Graham: The Intelligent Investor by Benjamin Graham is a key stock market book for beginners. In this book, Graham emphasizes the importance of fundamental analysis and risk management. It offers invaluable insights on making well-informed trading decisions and lays a solid foundation for your trading journey. B. A Random Walk Down Wall Street by Burton Malkiel: A Random Walk Down Wall Street by Burton Malkiel will give you a deep understanding of the basics of the stock market. In this book, Malkiel argues that no one can consistently outperform the market averages... --- ### What Is Net Working Capital & How to Calculate With Formula - Published: 2024-08-22 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/personal-finance/net-working-capital/ - Categories: Personal Finance - Tags: Net Working Capital, net working capital formula, nwc full form, what is net working capital I. Introduction If you want to invest in a company or are building your own, how do you know if it is financially sound? One way to do this is to look at the Net Working Capital (NWC). The financial metric, NWC is the amount you get by subtracting the current liabilities from the current assets. A. A brief explanation of the importance of Net Working Capital (NWC) Working capital, or NWC, is important to understand where a business stands financially in the short term. It can help a business decide on its upcoming plans. It helps in managing cash flow, optimizing inventory and building sound financial strategies. B. Setting the stage for a simplified discussion without jargon If you’re following what we mean so far, it must be clear why it is important to understand NWC. It helps any business owner effectively manage the company’s assets, especially those concerning its short-term debts. Below is a detailed understanding of NWC for your help. II. What is net working capital? NWC is an effective way to know the financial capacity of a business. You can arrive at the NWC by comparing a company’s assets with its present debts. The math is done by subtracting the amount of its current liabilities from its current assets.    A. Definition in plain language NWC is the difference between the short-term debts (liabilities) of a business to its short-term assets (liquidity). This difference through NWC shows if a business can meet its financial obligations in... --- ### Crypto Market Analysis | 22 August 2024  - Published: 2024-08-22 - Modified: 2024-08-22 - URL: https://coinswitch.co/switch/market-analysis/22-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news As BTC bulls are showing strength above $60k, bears have started to show interest at the 21-week exponential moving average at $61. 2k to take BTC back to the early $60k level. If this doesn’t happen, there is a good chance we will see a Bitcoin all-time high soon. The rally was further supported by a downward revision in US employment growth data, indicating that the job market from March 2023 to March 2024 was not as robust as initially reported. This has fueled market participants' hopes for more substantial interest rate cuts from the Federal Reserve. In the minutes of the FOMC meetings released yesterday, this assumption was strengthened as most Fed members think it is appropriate to lower rates at the next meeting—which will make this the first rate cut since 2020. The market is now giving a 40% chance of a rate cut of 50 bps next month. --- ### What is Share Capital & What Are Its Types? - Published: 2024-08-21 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/personal-finance/what-is-share-capital/ - Categories: Personal Finance - Tags: Share Capital, Types of Share Capital Shares usually refer to ownership in the company. It is an important concept in the corporate world. Share capital is the capital companies raise through the issuance of shares. It can be divided into different types. Today, we will learn about types of share capital, classes, how they impact a company, and more. A brief definition of share capital By definition, It is the capital or money a company raises by issuing common and preferred stocks. According to the company laws, it refers to the total value of funds raised by the company through the issue of shares to its shareholders. It is also known as equity capital, shareholders capital, paid-in capital, and contributed capital. The importance of share capital in a company It plays a crucial role in a company. It helps the company expand and grow towards the company’s goals. It also helps to reach the desired capital requirements for the company to acquire, minimize debts, boost investors’ trust, and more. In this ever-changing and highly competitive corporate landscape, share capital plays a vital role in any company. Types of share capital It can be divided into several types based on individual characteristics. Here, we will discuss some essential types of share capital. A. Authorized share capital 1. Definition and purpose By definition, authorized share capital refers to the maximum amount of the capital of the shareholders that the company is authorized to issue as per its constitutional/legal documents.   2. How companies determine the authorized share capital... --- ### What is a floating interest rate, and how does it work? - Published: 2024-08-21 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/personal-finance/floating-interest-rate/ - Categories: Personal Finance - Tags: Floating Interest Rate, Interest Rate A floating interest rate, also known as a variable rate or adjustable rate, is an important concept in the world of finance. Floating rates are subjected to quarterly modifications due to changing global and national economic conditions and bank policies. Understanding floating rates will help you reflect on the advantages or disadvantages of taking loans with such interest rates. Definition of floating interest rates Floating interest rates are changing interest rates. They are liable to change based on changing market conditions. Depending on the market’s fluctuations, the time horizon is divided into flexible, adjustable, and variable interest rates. 1. Brief explanation These are the interest rates that are put on credit cards, mortgages, and specific student and corporate loans. Changing market conditions directly impact the ups and downs of floating interest rates.   2. How it differs from fixed interest rates Unlike fixed interest rates, which remain constant throughout the term of the loan, floating ones tend to vary over time, indicating shifts in economic conditions and financial benchmarks set by the authorized bank. Mechanics of floating interest rates The rise and fall of the financial benchmarks further depend on the nature of loans and policies of the central bank. A. Basic concept Floating rates are adjustable and indicate several variables in finance and market dynamics. The idea behind offering it is to provide financial support with a low fixed rate or debt but a higher risk of interest rates.   1. Overview of variable interest rates The variable nature... --- ### What Are Current Assets: Meaning, Examples And Formula - Published: 2024-08-21 - Modified: 2024-09-11 - URL: https://coinswitch.co/switch/personal-finance/current-assets-definition/ - Categories: Personal Finance - Tags: Current Assets, Financial Management A current asset is also known as a liquid asset. It is an asset that businesses can convert into cash or sell within a year. The concept of current assets is crucial in financial matters. Whether you are a business professional or an investor, learning about current assets is important for you. Definition of current assets By definition, a current asset is one that a company or enterprise can hold, easily sell, or further turn into liquid cash. In simple words, business assets that are temporary or are meant to be used within one year are called current assets. Importance in financial management For any company, the current asset is crucial, because it helps the company have liquid cash for day-to-day basics and to fund regular business expenses. The concept of current assets thus plays a pivotal role in financial management. It helps both businesses and their investors gain useful insights into asset and expense management. Types of current assets  They come in seven different types, of which four are the major types. These are cash and cash equivalents, accounts receivable, inventory, and prepaid expenses. A. Cash and cash equivalents Cash and cash equivalents are a type of current asset that companies need to manage and maintain on a regular basis. 1. Explanation  Cash is the money a company has in its account. On the other hand, cash equivalents are those assets that are not currently in cash form but can be converted into cash quickly. Both cash and cash... --- ### Market efficiency explained: Differing opinions and examples - Published: 2024-08-21 - Modified: 2024-09-04 - URL: https://coinswitch.co/switch/personal-finance/market-efficiency-overview/ - Categories: Personal Finance - Tags: Efficient Market Hypothesis, EMH, Market Efficiency Market efficiency is the extent to which market prices consider all relevant and available information. Since there are no accessible cheap or overpriced stocks, efficient markets have prices that already consider all available information, making it impossible to beat the market. Definition of market efficiency One of the most essential ideas in finance, market efficiency refers to how well financial markets take into account and represent all available information in the prices of assets. In an ideally working market, the prices of bonds, stocks, and commodities always and fully represent all the information known at any given time. Importance in finance Market efficiency is essential for investors, lawmakers, regulators, and economists because it shows how markets work, how assets are priced, and how the economy’s resources are distributed. Figuring out how efficient a market is helps people make wise choices, plan their investments, and judge financial markets’ general health. The Efficient Market Hypothesis (EMH) The Efficient Market Hypothesis (EMH) is one of the most important theories in finance. It explains how financial markets work and how asset prices are set. According to this hypothesis, financial markets process and reflect all available information efficiently, making it very hard for investors to beat the market regularly through tactics like picking stocks or timing the market. A. Explanation of EMH EMH states that asset prices consider all information—both present and that about the past and future—that is important to the share’s price. The idea is that in a competitive market with smart investors,... --- ### Crypto Market Analysis | 21 August 2024  - Published: 2024-08-21 - Modified: 2024-08-21 - URL: https://coinswitch.co/switch/market-analysis/21-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news While BTC started yesterday with a decent spike to the $61k level, it could not sustain the gains when the US market opened yesterday and fell back below $60k, testing the support at $58. 5k. Meanwhile, data reveals that traders have already accumulated nearly $300 million in open interest, with many positioning themselves for a bullish outcome after the US elections. TRX emerged as one of the top gainers of the day, nearing its all-time high in USD as Tron gained renewed popularity. The recent launch of Solana's pump. fun style memecoin website has been a significant driver of this momentum. Tron's tokens, including SUN and the memecoin SUNDOG, led the pack among the top 500 market cap coins. Solana holders received more good news yesterday as Brazil's Securities and Exchange Commission approved its second Solana-based ETF, following the approval of the country's first Solana ETF just two weeks ago. --- ### Crypto Market Analysis | 20 August 2024  - Published: 2024-08-20 - Modified: 2024-08-20 - URL: https://coinswitch.co/switch/market-analysis/20-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After trading below 60k USD for the last 6 days, BTC broke above 60k with bulls displaying their strength as Bitcoin’s dominance touched 56%. This happened after Tron’s founder Justin Sun hinted that China potentially removing the ban on Bitcoin and other crypto assets through his tweet. However, the major factor of this pump can be attributed to the USD regaining some strength against the Japanese Yen. The falling prices of USD/JPY had taken BTC below 50k USD. On the other hand, gaming and NFT-based tokens experienced a significant surge over the past few days. Many projects, particularly those centered around gaming-focused blockchains, saw significant gains compared to the broader market. --- ### Crypto Market Analysis | 16 August 2024 - Published: 2024-08-16 - Modified: 2024-08-16 - URL: https://coinswitch.co/switch/market-analysis/16-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Before Bitcoin tests the $58,500 level again, it's worth noting that major US indexes performed well today, with the Nasdaq rising by 2. 4% and the S&P 500 increasing by 1. 6%. This indicates a bullish macroeconomic outlook. However, despite the positive movement in traditional markets, the cryptocurrency market is currently experiencing a decline. On the other hand, Binance, the world's largest cryptocurrency exchange, has announced that it has successfully registered with India's Financial Intelligence Unit (FIU). After months of being unavailable, Binance's app is now back and accessible on both the App Store and Google Play Store. Among the notable gainers in the last 24 hours, Fantom’s FTM stands out, especially with its upcoming Sonic upgrade. Meanwhile, the cryptocurrency market appears to have found support around a $2 trillion market cap. --- ### Crypto Market Analysis | 14 August 2024 - Published: 2024-08-14 - Modified: 2024-08-14 - URL: https://coinswitch.co/switch/market-analysis/14-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news As the crypto market awaits the inflation figures from the United States, BTC reached the $61. 5k level while maintaining a 56% dominance in the $2. 1 trillion industry. Stronger-than-expected inflation data could be bullish for Bitcoin. Conversely, if inflation figures come in lower than anticipated, the Federal Reserve is less likely to lower interest rates in the near term, potentially leading to a bearish market reaction. In other news, US presidential candidate Donald Trump and Elon Musk organized a Twitter space yesterday. However, there was no mention of crypto or bitcoin from these leaders who are widely seen as pro-crypto. This reaction was a bit unexpected by the market. Lastly, the defunct exchange Mt Gox users have now started receiving back their Bitcoins stolen more than 10 years ago in their wallets. BTC and BCH worth $2 billion will be distributed to the affected users soon. --- ### Crypto Market Analysis | 13 August 2024  - Published: 2024-08-13 - Modified: 2024-08-13 - URL: https://coinswitch.co/switch/market-analysis/13-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With BTC trading sideways seeking support around the $58k mark, investors await crucial data this week to decide a direction to trade Bitcoin. US CPI data, which is expected tomorrow will likely have a large impact on the short-term price volatility in Bitcoin. While Bitcoin and Ethereum ETFs had net outflows on Friday, Monday saw a net positive inflow in both BTC and ETH ETFs, with Bitcoin products witnessing a $14 million inflow, while Ethereum saw an inflow of $5 million. On the other hand, Optimism, one of Ethereum’s largest layer 2s, announced plans to build a network of affiliated blockchains including Coinbase’s Base, and create a “superchain” similar to Polygon’s “AggLayer”. OP price did not move much by the news, and is up by 2. 4% in the last 24 hours. --- ### Crypto Market Analysis | 12 August 2024  - Published: 2024-08-12 - Modified: 2024-08-12 - URL: https://coinswitch.co/switch/market-analysis/12-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news U. S. spot Bitcoin ETFs have recently attracted substantial capital, with over $192 million pouring into these funds. BlackRock’s IBIT led the pack with $157. 6 million in inflows, as reported by public sources on Friday. This influx underscores the increasing confidence and interest from institutional investors in crypto, even amid the sector's volatility. Such a trend could be pivotal in driving further adoption and potentially stabilizing Bitcoin’s price in the long term. In another development, Ripple has initiated testing of its new stablecoin, RLUSD, on both the XRP Ledger and Ethereum blockchain. This move is a strategic expansion for Ripple, signaling its ambitions to broaden its offerings beyond XRP. Mirroring the momentum, the combined supply of Tether's USDT and Circle's USDC stablecoins has surged by $3 billion, reflecting heightened demand for digital assets as investors respond to the crypto market’s recent rebound. Lastly, the U. S. Internal Revenue Service (IRS) has rolled out a new tax form specifically designed for crypto transactions and is actively seeking industry feedback. This initiative is part of the IRS's broader effort to improve compliance and tackle the challenges posed by crypto investors. --- ### Crypto Market Analysis | 9 August 2024  - Published: 2024-08-09 - Modified: 2024-08-09 - URL: https://coinswitch.co/switch/market-analysis/9-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin is trading at $61. 27k, reflecting a resurgence in the crypto market. This uptick is driven by renewed investor confidence and optimism, particularly in response to recent regulatory developments that have eased market tensions. However, analysts warn that this recovery could be marked by volatility, with price swings likely as the market contends with external influences and shifting dynamics. XRP has outpaced Bitcoin with a remarkable 17% surge, catalyzed by the resolution of Ripple's protracted legal battle with the US Securities and Exchange Commission (SEC). The case, initiated in 2020, accused Ripple of conducting an unregistered securities offering through the sale of XRP. The favorable outcome for Ripple has significantly moved the market sentiment around the token, contributing to its sharp rise. In a separate development, dormant wallets tied to the infamous $4 billion PlusToken Ponzi scheme in China have unexpectedly moved 2,800 Ether. This activity has sparked concerns within the crypto community about potential market manipulation or large-scale sell-offs, as these wallets had been inactive for years. The development is closely monitored for its potential impact on Ether prices and broader market stability. Lastly, a US judge has ruled that FTX and Alameda Research must pay creditors $12. 7 billion following their bankruptcy. This ruling underscores both firms' enormous financial obligations as they work through the bankruptcy process. Creditors are now poised to seek restitution, with the court’s decision marking a crucial step in the ongoing efforts to recover funds lost in the FTX collapse. --- ### Crypto Market Analysis | 8 August 2024 - Published: 2024-08-08 - Modified: 2024-08-08 - URL: https://coinswitch.co/switch/market-analysis/8-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news As broader crypto markets consolidate after the recent drawdown, BTC fell as low as $54k and ETH is trading at more than a 3% discount than the previous day. While bulls are hopeful again after the recent relief rally in BTC from 49k to 57k, macros have not changed much after the Monday crash. The major mover of the day remained XRP as it gained over 20% in the last 24 hours, pushing it to the league of top gainers among big crypto. The significant increase follows the resolution of the high-profile SEC vs. XRP case, which largely favored XRP. However, the settlement includes a $125 million fine and a ban on future violations. --- ### Crypto Market Analysis | 7 August 2024 - Published: 2024-08-07 - Modified: 2024-08-07 - URL: https://coinswitch.co/switch/market-analysis/7-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Market volatility persists as Bitcoin (BTC) rebounded with a 5% gain today, following four consecutive days of significant losses. On-chain data indicates that crypto whales are buying the dip, although Bitcoin ETF data shows net outflows from ETF buyers. Solana (SOL) leads with an 8% increase in the past 24 hours, trading around the key psychological support level of $150. Solana-based memecoin MEW outperformed, leading the top 100 coins with a 17% gain. Following the approval of the Ethereum (ETH) ETF in the US, BlackRock is now pushing for listing options on its spot Ether ETF. In a filing to the SEC, BlackRock and Nasdaq have proposed a rule change to list and trade such options. --- ### Crypto Market Analysis | 6 August 2024 - Published: 2024-08-06 - Modified: 2024-08-06 - URL: https://coinswitch.co/switch/market-analysis/6-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After witnessing one of the biggest crashes in crypto of all time, with BTC losing more than $250 billion in market cap in a single day, the world’s largest crypto found support at just below $50k and rebounded more than 14% to trade around the $56k mark. The crash was primarily triggered by two factors—-the escalation in the Middle East conflict between Israel and Iran and the Japanese stock market’s greatest single-day crash since 1987. However, the Nikkie index jumped more than 10% today after losing 12% yesterday to recover most of its losses, which might trigger a rally in global stock markets again. Since this crash can be attributed to the rate hike by the Bank of Japan, it remains to be seen if this pump sustains. --- ### Crypto Market Analysis | 5 August 2024 - Published: 2024-08-05 - Modified: 2024-08-05 - URL: https://coinswitch.co/switch/market-analysis/5-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has plummeted to $53,000, marking a significant decline, while Ether has also turned negative for 2024, reflecting broader concerns in the crypto sector. This downturn follows several adverse market events, including regulatory pressures and macroeconomic factors—the US macro data and the Japanese stock crash. Fearing a prolonged bearish trend, investors are reacting with increased volatility and panic. The price decline has triggered the liquidation of approximately $600 million in leveraged long positions. This highlights the inherent risks of leveraged trading in the crypto space, as sudden price movements can lead to substantial losses for investors caught in unfavorable positions. However, there are green shoots amid the gloom. Morgan Stanley plans to offer Bitcoin exchange-traded funds (ETFs) to its wealthy clients, marking a significant move in the financial services sector. This initiative aims to expose affluent investors to crypto assets while navigating regulatory complexities. The bank's decision reflects a growing interest in digital assets among institutional investors. --- ### Crypto Market Analysis | 2 August 2024   - Published: 2024-08-02 - Modified: 2024-08-02 - URL: https://coinswitch.co/switch/market-analysis/2-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin witnessed a significant decline, falling over 10% within 72 hours after reaching a peak of $70,000. This sharp downturn is primarily attributed to heightened selling pressure and market volatility as traders responded to the rapid price surge. Analysts suggest that this price correction could indicate broader market trends and a shift in investor sentiment. Adding to the volatility, the crypto markets are experiencing turbulence due to escalating geopolitical risks, particularly in Eastern Europe and the Middle East. Investors are reacting to potential disruptions that could impact global financial stability, leading to increased fluctuations in crypto asset prices. Despite this short-term volatility, the long-term outlook remains positive. Large Bitcoin holders, often referred to as "whales" have accumulated approximately $5. 4 billion worth of BTC, signaling a substantial increase in investment from wealthy investors. This trend reflects growing confidence in Bitcoin's long-term value. Data shows these large holders are actively increasing their positions, which could significantly influence market dynamics. In the DeFi sector, Morpho, a crypto lending firm, has secured $50 million in a funding round led by Ribbit Capital. This investment is aimed at enhancing Morpho's decentralized finance offerings and expanding its market presence. The funding will be used to improve the platform's technology and user experience, positioning Morpho to compete more effectively in the rapidly evolving crypto lending space. --- ### Crypto Market Analysis | 1 August 2024  - Published: 2024-08-01 - Modified: 2024-08-01 - URL: https://coinswitch.co/switch/market-analysis/1-august-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin briefly fell below $65,000 after the US Federal Reserve said it would keep interest rates unchanged. However, with the markets anticipating rate cuts in the upcoming Federal Reserve meeting in September, the outlook for a Bitcoin rally by the end of the year has strengthened. While the broader crypto market fell, XRP is among the top cryptos as it gained on the hopes of a settlement of the long-awaited Ripple vs. SEC case. XRP accounted for more than 40% of North Korean exchanges during the recent pump. In other news, Tether, the world's largest stablecoin issuer, has generated its highest half-year profits to date, reportedly making $5 billion in profit, with its US debt holding standing close to $98 billion, surpassing Germany in holdings. --- ### Crypto Market Analysis | 31 July 2024 - Published: 2024-07-31 - Modified: 2024-07-31 - URL: https://coinswitch.co/switch/market-analysis/31-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Broader crypto markets continued retracing for another day, as investors await the interest rate decision from the Bank of England and Federal Reserve’s interest rate decision this week. With Grayscale’s ETF having net $120 million outflows in the day, ETH also traded lower below the $3,300 mark. Ethereum, however, has major support around the $2,800 mark even if the downtrend continues. In another development, the world’s second-largest stablecoin issuer Circle reportedly trades around the $5 billion mark, albeit much lower than the last failed listing attempt at 9 billion dollars. --- ### Unveiling the essence of Return on Assets: A guide to meaning, formula, and ratio - Published: 2024-07-30 - Modified: 2024-07-30 - URL: https://coinswitch.co/switch/personal-finance/return-on-assets/ - Categories: Personal Finance - Tags: Return on Asset, ROA I. Introduction Heard of ROA but don’t know what it is exactly? ROA or Return on Assets is a finance-related term that refers to the ability of a business or company to generate returns from any asset. It is a financial ratio that helps to calculate and evaluate business profit and financial growth. Today, we will learn everything about Return on Assets, including the ROA formula, meaning, ratio, and more. A.  Brief explanation of Return on Assets (ROA) ROA or Return on Asset is a financial ratio that suggests or indicates how profitable a business or company is in comparison with its total asset value. Professionals such as investors, corporate management, and analysts use ROA to determine how companies efficiently use their business assets to generate profit. B. Importance of understanding ROA for financial analysis Understanding the returns on assets is essential for financial analysis. The ROA formula is a financial ratio that helps to show investors and traders how the company or business is working in terms of converting their business capital into net profit. As a result,  the higher the ROA the better opportunity to invest in the business. II.  What is Return on Assets? Return On Assets or ROA formula is a financial analysis tool that plays a vital role in financial analysis. It is a ratio or metric that indicates the profitability of a business in comparison to the overall or total assets. A.  Definition in simple terms ROA is a financial ratio that measures a... --- ### The magic of compounding: Understanding, advantages, and how it works - Published: 2024-07-30 - Modified: 2024-07-30 - URL: https://coinswitch.co/switch/personal-finance/power-of-compounding/ - Categories: Personal Finance - Tags: compounding, power of compounding I.  Introduction The practice of reinvesting profits from an asset—be they interest or capital gains—to produce further earnings over time is known as compounding. Because of the power of compounding, even modest beginning investments may increase dramatically over time if they are allowed to accumulate. It highlights the significance of time in wealth accumulation. A. Definition of compounding Compounding refers to the process whereby the original gains from an investment, such as interest, are added back into the invested money or principle. To compute the interest for the subsequent periods, compounding must be factored in. That is, the returns or interest earned on the principal amount in the first period are added back to the principal amount and interest earned from that too. B. Significance in financial planning Financial planning is greatly enhanced by the power of compounding as it allows investments to expand tremendously over time. Interest is generated on both the original capital and accrued interest when profits are reinvested, resulting in significant growth. Early and regular investment is essential since this effect is particularly strong over extended periods. II. The basics of compounding Compounding is a wise investment strategy that entails making money on both your initial investment and any prior returns. A. Simple vs Compound interest The portion of the loan amount that the borrower must pay each year in addition to the principal is known as simple interest. Although compound interest is computed periodically, it may have the same percentage rate. The principal amount is... --- ### Navigating the stock market: A beginner’s guide to trading - Published: 2024-07-30 - Modified: 2024-07-30 - URL: https://coinswitch.co/switch/personal-finance/stock-market/ - Categories: Personal Finance - Tags: stock market I. Introduction Although navigating them is challenging, stock markets are lucrative. But before you get started, there is a need to grasp some basic facts about stock analysis, investment strategies, and markets. Understanding how to trade in the stock market may aid you in making wise decisions irrespective of whether you are experienced or not. A. A brief overview of the stock market On the stock market, investors purchase and sell company shares. It refers to a group of markets within which securities, such as shares in companies, are traded. OTC markets, in which investors buy and sell securities with one another, are also encompassed. An IPO is the process through which companies offer their stock on a market exchange for sale. If the aim is to master the share market one needs to know how to trade in the stock market. B. The importance of understanding stock market trading for beginners Having details about stock markets can make you participate in the area of investment. Knowledge of the stock market will help you plan so you know how various types of investments might help to meet your financial goals within a specific period. This training on the stock market will assist you and help you to make accurate decisions on where to invest. It can also help you to change your stock portfolio quickly to reap the maximum benefits.   II. What is stock market trading? The collective trading network comprising stocks and their derivatives is referred to as... --- ### Decoding Sensex and Nifty: Unveiling the significance of India’s market indices - Published: 2024-07-30 - Modified: 2024-07-30 - URL: https://coinswitch.co/switch/personal-finance/sensex-and-nifty/ - Categories: Personal Finance - Tags: nifty, Sensex and Nifty I. Introduction Popular Indian marketplace indexes, including Sensex and Nifty, underscore the performance of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). They provide traders with a concise idea of the monetary system and market trends. Understanding what Sensex and Nifty are helps to examine India’s economic surroundings. A. A brief explanation of Sensex and Nifty  An index of the retail market can provide a current and accurate picture of the changes in the market. The index formed on the Bombay stock trade is referred to as the ‘Stock Exchange Sensitive Index’ or the ‘Sensex’, whilst that on the National Stock Exchange is ‘Nifty50’ or National Stock Exchange 50. If you are interested in investing in Indian markets, it is important to understand what Sensex and Nifty are. B.  Their role in the Indian financial landscape In a way, Sensex and Nifty are two good pointers that reflect the mood of the Indian stock market and the nation. BSE incorporates 30 benchmark shares, and the NSE has 50 shares. India’s financial landscape is fashioned by way of these indexes.   II. Understanding Sensex The Stock Exchange Sensitive Index, or Sensex, is one of the oldest in India. It is made from 30 cautiously selected equities from agencies listed on the Bombay Stock Exchange. The 30 equities that had been chosen are the most actively traded, considering that they may be owned through a number of the most important companies. A.  Definition and calculation The goal of Sensex... --- ### Demystifying operating profit: A comprehensive guide - Published: 2024-07-30 - Modified: 2024-07-30 - URL: https://coinswitch.co/switch/personal-finance/operating-profit-formula/ - Categories: Personal Finance - Tags: operating profit, operating profit formula I. Introduction Operating profit, also known as operating income, is a metric used to evaluate an enterprise’s profitability from ongoing activities, less non-operating revenue and fees. It indicates how profitable the business can make its principal operations. Comprehending the operating profit formula is critical because it aids in evaluating the overall monetary performance of firms. A. A brief overview of operating profit Operating profit refers to the net income that a business makes from its primary activities. Stated differently, it is the remaining funds that a business has after covering its overhead but before paying taxes. How successfully a business converts revenue into this amount is shown by its operational profit margin. Revenue and operational expenses are used to determine the operating profit formula, which is essential for assessing the financial standing and performance of organizations. B. The importance of understanding operating profit in finance Operating profits are significant because they provide an oblique indicator of efficiency. A company’s primary business is more lucrative when its operational profit is higher. To evaluate their operational performance and identify areas for cost optimization, businesses prioritize operating profit. An operational profit margin greater than 17. 86% would have allowed the firm to outperform the market as a whole. II. What is Operating Profit? An accounting indicator known as ‘operating profits’ is used to express a company’s earnings from its primary business operations after taxes and interest have been subtracted. operational income may be computed using the operating profit formula. A. Definition The primary... --- ### Crypto Market Analysis | 30 July 2024 - Published: 2024-07-30 - Modified: 2024-07-30 - URL: https://coinswitch.co/switch/market-analysis/30-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Following a recent high of $70,000, Bitcoin briefly fell below the $66,000 mark yesterday. This dip was triggered by the US government transferring about $2 billion worth of seized Bitcoin to another wallet, sparking fears of an impending sell-off. This event occurred just a day after presidential candidate Donald Trump announced plans to establish a government Bitcoin reserve. Last week also marked the conclusion of the first week of Ethereum ETFs trading, with a total net outflow of $340 million across all Ether ETFs combined. It is worth noting that while BTC fell more than 4% in the last 24 hours, ETH has been resilient, falling less than 1%. --- ### Stock market basics: What beginner investors should know - Published: 2024-07-29 - Modified: 2024-07-29 - URL: https://coinswitch.co/switch/personal-finance/stock-market-basics/ - Categories: Personal Finance - Tags: share market basics, stock market Introduction Shares of publicly listed corporations can be purchased and sold by investors on the stock market. Key ideas including equities, dividends, market volatility, and investing methods should be understood by novice investors. Learning the share market basics may assist with risk management, decision-making, and even financial development. A. A brief overview of the stock market Shares of companies are bought and sold on stock exchanges. Extensive and complex trading activities are governed by regulations to prevent fraud and other unfair business practices. The reason why governments are interested in regulating such activities is because they keep money flowing between investors and traders, which is essential for today’s economy. So gaining an understanding of the share market basics involves learning about things like indexes, stock exchanges, and the dynamics of supply and demand in trading but also regulations. B. Importance of understanding stock market basics for beginners Purchasing stocks entitles you to shareholder benefits, which include profit-sharing on the company’s expansion and growth. The stock market, nevertheless, is not always stable. Making more informed judgments and maybe raising the value of your investment will come from having a solid understanding of the stock market’s basic principles.   India is expected to have had an annual inflation increase of 7. 5% based on statistics from 1960 to 2021. If this is true, stock market investments are your best bet at beating inflation. And if you’re going to invest in it, then you would do well to have a solid understanding of... --- ### Unlocking the golden cross pattern: A guide with real-life examples - Published: 2024-07-29 - Modified: 2024-07-29 - URL: https://coinswitch.co/switch/personal-finance/golden-cross-pattern/ - Categories: Personal Finance - Tags: Golden Cross Introduction When an asset’s 50-day moving average goes above its 200-day moving average, a technical sign appears. It is called a golden cross. Traders believe that a strong bull market is coming when they see a golden cross on a chart. A. A brief explanation of the technical analysis As a momentum sign, the golden cross shows that prices are steadily going up or gaining momentum. It’s now more likely for traders and buyers to be hopeful than negative. In general, the sign has three parts. For the first to happen, a decline must finally end when buyers gain more power than sellers. B. Importance of identifying reliable patterns This sign has been able to indicate long-lasting strong moves in a number of different markets and timeframes in the past. Even though there is no such thing as a perfect sign, traders trust the golden cross’s ability to make accurate predictions because it has done so in the past. C.     Introduction to the golden cross pattern The golden cross is one of the most essential basic signs for people who trade in the stock market. For people who are new to dealing with the stock market, it may sound like a bunch of words, but it is a valuable tool that can help you understand market trends. II. Understanding the Golden Cross Technically speaking, a golden cross appears when a stock’s short-term moving average goes above its long-term moving average. When the golden cross shows up on a... --- ### Unlocking the basics of Statutory Liquidity Ratio (SLR) in India: A comprehensive guide - Published: 2024-07-29 - Modified: 2024-07-29 - URL: https://coinswitch.co/switch/personal-finance/statutory-liquidity-ratio/ - Categories: Personal Finance - Tags: statutory liquidity ratio  I. Introduction Probing the fundamentals of the banking sector’s Statutory Liquidity Ratio (SLR) in India opens the floodgates to investigating the regulatory system governing liquidity management. This manual makes sense of SLR, its importance for financial stability, and its implications for banks and the economy. This guide is meant to expose SLR’s role in India’s financial scene. It investigates its origins, calculation techniques, and effects on monetary policy. A. A brief overview of the Indian banking system The Indian banking system comprises many establishments, including public-sector banks, private-sector banks, cooperative banks, and foreign banks. Working with monetary transactions, credit distribution, and economic intermediation is fundamental for the country’s economic construction. The key in this system is to maintain a healthy liquidity ratio. This is where the Statutory Liquidity Ratio (SLR) comes in. Its reduction will continue until it comes to 18%. The ongoing SLR is 19. 5%. B. The importance of liquidity in financial stability Liquidity is fundamental for maintaining the stability of the financial system. It guarantees that banks can meet loan withdrawals and depositor fund demands. To further develop liquidity management, protect depositor interests, and promote, generally speaking, financial stability, the Statutory Liquidity Ratio (SLR) in India is an urgent regulatory prerequisite. II. Understanding Statutory Liquidity Ratio (SLR) Central banks utilize the Statutory Liquidity Ratio (SLR) as a significant monetary policy tool to ensure solvency and liquidity inside the banking system. In India, SLR expects banks to hold a particular percentage of their Net Demand and Time Liabilities... --- ### Fungibility: What it means, and why it matters - Published: 2024-07-29 - Modified: 2024-07-29 - URL: https://coinswitch.co/switch/personal-finance/what-is-fungibility/ - Categories: Personal Finance - Tags: fungible, NFTs I. Introduction Navigating the digital world and marketplace without knowing about fungible tokens and assets can be challenging. It can also limit your ability to make the most out of new-age digital assets. Today, more and more people are moving towards fungible tokens and assets such as Bitcoin. According to experts, fungible tokens and assets will drive the future. So, it makes sense to learn about what fungibility is or what it means and why it matters. A. Definition of fungibility Knowing the meaning of fungibility is your first step to familiarizing yourself with the concept. So, we will begin with a definition of fungibility.   Fungibility refers to the ability of an asset or good to be interchanged with other assets or goods of the same type. Fungibility implies the same value between assets, as a result, fungible assets simplify the trade and exchange process. So, fungibility means that the two types of objects with equivalent types or designs and individual units can be interchanged mutually. B. Its importance in finance Fungibility plays a crucial role in the digital space as well as the new-age finance system. Currently, fungibility is an essential aspect of financial matters; whether you think about share market trading, digital assets, or even online purchases. Also, fungible assets create a smooth flow in exchange and trade processes as they have equivalent value. This can be a vital factor that contributes to a healthier economy.   It is because a reduction in the value of one... --- ### Understanding assets and liabilities: Unraveling the differences with real-life examples - Published: 2024-07-29 - Modified: 2024-07-29 - URL: https://coinswitch.co/switch/personal-finance/assets-and-liabilities/ - Categories: Personal Finance - Tags: assets, assets and liabilities, liabilities Introduction Assets are things that a company owns, like money, property, or equipment. Liabilities are things that a company owes to other people or businesses, like debts. I.  A brief explanation of the importance of financial literacy Knowing about money can help people reach their goals. If they know how to budget and save money, they can make responsible plans with their funds, set standards, and reach important financial goals. A.  Teasing out the concepts of assets and liabilities Assets and liabilities are often critical to a business’s ability to make money and stay in business in the long run. That depends on how well a business can handle them. Companies have assets and liabilities. Assets are what the company owns, and liabilities are what it pays. Let’s take a minute to try to understand the difference between liabilities and assets. B. Setting the stage for real-world examples to enhance understanding Your new office is excellent, and you get a lot of new business. However, there is a problem: you need more stock.   You talk to your wholesalers about this, and they agree to give you goods on credit. You have two months to pay them back. The goods you get will help you make money. On the other hand, the money you owe vendors is a short-term debt. II. Defining Assets Assets are things that people, businesses, or countries own or control that have economic value and are expected to provide a benefit in the future. This means... --- ### Crypto Market Analysis | 29 July 2024 - Published: 2024-07-29 - Modified: 2024-07-29 - URL: https://coinswitch.co/switch/market-analysis/29-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has seen considerable volatility recently, largely driven by former US President Donald Trump's proposal to designate Bitcoin as a strategic asset for the United States. This unexpected announcement caused significant price fluctuations, with Bitcoin initially spiking before experiencing a subsequent decline. The market reacted swiftly, leading to a surge in trading volume and heightened market activity. As of now, Bitcoin is priced at $69,46k. Simultaneously, US Senator Cynthia Lummis proposed the US government purchase one million Bitcoin as a strategy to help reduce the national debt. Lummis contends that Bitcoin's long-term potential as an appreciating asset could provide a substantial financial advantage to the country over time. In another development, Michael Saylor, co-founder of MicroStrategy, has made a bold prediction regarding Bitcoin's future. Saylor forecasts that Bitcoin will account for 7% of global wealth, with the potential to reach a value of $13 million per coin within the next 21 years. He attributes this anticipated growth to Bitcoin's inherent scarcity and its increasing adoption as a preferred store of value. These political and market developments underscore the growing recognition of Bitcoin's potential and its evolving role in the global financial landscape. --- ### Understanding BO ID in the share market - Published: 2024-07-26 - Modified: 2024-07-26 - URL: https://coinswitch.co/switch/personal-finance/bo-id/ - Categories: Personal Finance - Tags: BO ID, share market I. Introduction Without appropriate identification mechanisms in place, exploring the share market can be intimidating. Transparency, accountability, and successful transactions are totally ensured by identification. The BO ID is one of these identifiers that sticks out as being vital to this. A. A brief overview of the importance of identification in the share market Precise identification is a basic need in the share market. It makes transactions more straightforward, extortion is forestalled, and ownership is kept clear. Conflicts and possible financial losses would result from the disorder that would emerge from tracking shares and managing investments without suitable identification. B. An introduction to BO ID and its significance A unique identifier assigned to every investor in the share market is the Beneficial Owner Identification Number or BO ID. Investors are associated with their Demat accounts and the shares they own through this digital fingerprint. A smooth and safe trading experience is made possible to a great extent by the BO ID, which ensures precise recording and that everything is equal. For anybody hoping to put resources into the share market, understanding the significance and operation of BO ID is pivotal as it underpins viable and open trading systems. II. What is BO ID? Each investor ought to know about the Beneficial Owner Identification Number (BO ID), an essential in the share market. A. Definition of BO ID A unique identifier assigned by the depository to every investor is known as a BO ID or Beneficial Owner Identification Number. With this... --- ### Crypto Market Analysis | 26 July 2024 - Published: 2024-07-26 - Modified: 2024-07-26 - URL: https://coinswitch.co/switch/market-analysis/26-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The global financial markets experienced turbulence as Bitcoin and global stocks fell sharply. China's unexpected interest rate cut ignited fears of an economic slowdown, causing the yield curve on US Treasuries to steepen, a clear signal of mounting concerns about the economic outlook. The selloff persisted despite the US Federal Reserve pausing its rate hike cycle, indicating rising investor anxiety about the global economy's health. Ether (ETH) also witnessed a significant decline, dropping over 7. 5% amid substantial outflows from the Grayscale Ethereum Trust (ETHE). Investors are increasingly worried about regulatory scrutiny and unfavorable market conditions, leading to a noticeable shift in sentiment. Meanwhile, Jersey City announced plans to invest in Bitcoin exchange-traded funds (ETFs), joining the growing list of public pension funds and diversifying their portfolios with digital assets. This decision underscores the increasing acceptance and adoption of crypto assets among institutional investors. Marathon Digital, a leading Bitcoin mining company, has invested $100 million in Bitcoin and recommitted to its "full HODL" strategy. By holding rather than selling its Bitcoin, Marathon Digital demonstrates its strong confidence in Bitcoin's long-term value and its dedication to accumulating digital assets. In India, Raipur city has implemented a blockchain-based system for managing real estate records using Airchains technology. The initiative aims to enhance transparency, security, and efficiency in property transactions. By digitizing land records, Raipur seeks to reduce fraud and streamline the real estate buying and selling process. --- ### What are Non-Performing Assets: Meaning, examples, and types - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/personal-finance/non-performing-assets/ - Categories: Personal Finance - Tags: non performing assets, NPA I. Introduction In the global financial system, Non-Performing Assets (NPAs) represent a danger to banks and other financial institutions. NPAs are credits or advances that have quit delivering income for lenders because of non-payment by borrowers despite a predetermined amount of time has passed. Realizing NPAs is significant as they straightforwardly affect lenders’ and the economy’s general financial health. A. Definition of Non-Performing Assets (NPAs) Non-Performing Assets (NPAs) are credits or advances made by banks and financial institutions to borrowers who have quit paying interest or principal for a preordained amount of time, usually 90 days or more. These assets are viewed as dangerous since, whenever taken care of severely, they might cause financial instability and don’t turn out revenue for the lender. Toward the end of March 2024, the gross NPA ratio of India’s scheduled commercial banks had fallen to a multi-year low of 2. 8%, while the net NPA ratio had fallen to 0. 6%. B. Significance in the financial sector Since NPAs influence banks’ liquidity, profitability, and general health, they are significant in the financial business. High NPAs could harm investor confidence in financial institutions and highlight ineffective credit management. C. The importance of addressing NPAs Promoting financial stability and economic growth requires addressing NPAs. Powerful management and identifying NPAs help banks recover money, improve asset quality, and reinforce their lending limit, all of which support economic action. II. What constitutes an NPA? Non-Performing Assets inside a financial institution are classified according to explicit criteria that lay... --- ### Understanding trend analysis and trend trading strategies - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/personal-finance/trend-analysis/ - Categories: Personal Finance - Tags: trend analysis I. Introduction If you are interested in stock market trading, you must learn about trend analysis and its importance in trading. It is because irrespective of the type of trading you participate in, analysis of the trend plays a crucial role in identifying the right move.   So, let’s understand it in a better way and know about some best trend trading strategies. A. Brief overview of trend analysis Trend analysis predicts the stock price movement through recently observed market trend data. This type of analysis uses historical data for prediction. Historical data may involve trade volume, price movement, and so on to indicate the long-term market sentiment direction. B. Importance in various fields, including finance Being a technical analysis technique, trend analysis plays a crucial role in various fields whether you are deciding on a financial investment plan or choosing an investment tool for trading. It helps to identify and eliminate the risks by deciphering the patterns that indicate underlying threats or challenges associated with the trade or financial decision.    II. Understanding trend analysis Understanding trend analysis is important before making any financial decisions, including trading. Trend or market analysis tries to forecast a trend. For example, the analysis may predict a bull market trend and suggest riding the trend until market data suggests a reversal of the trend—which means a bullish market turning into a bearish market. In other words, this type of analysis uses market data to predict the market trend. A. Definition and significance Trend... --- ### What are angel investors in India: Meaning, examples, feature - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/personal-finance/angel-investor/ - Categories: Personal Finance - Tags: angel investor Introduction High-net-worth Indian individuals interested in investing are known as angel investors. They give money to businesses in return for ownership holdings. For this reason, the funding, contacts, and mentoring they provide make them such an important part of the Indian entrepreneurial ecosystem. The meaning of ‘angel investor’ is associated with early-stage financiers who fund creative endeavours. A. Brief explanation of angel investors Angel investors are wealthy individuals who focus on providing equity-based finance for fledgling company endeavours. They are sometimes thought to be more understanding of entrepreneurs than venture capitalists are but provide smaller sums of money for longer periods. The meaning of angel investors is that they accept ownership shares in exchange for money, so your company does not have to pay them back later. B. Growing significance in the Indian startup ecosystem A rise in the entrepreneurial mindset and a favourable investment climate have propelled India’s startup ecosystem to unprecedented heights. A significant 53. 9% of all investors that supported Indian businesses in 2022 were angel investors. This demonstrates how important private investors are in helping aspiring business owners.   II. Understanding angel investors Angel investors give money to business founders in exchange for shares of ownership or convertible debt. They usually apply their expertise to provide guidance and mentoring to businesses in order to aid in their growth. Angel investor meaning a substantial level of assistance for business endeavours. A. Definition and role In return for a share in the business, angel investors provide start-ups with... --- ### Demystifying Cost Inflation Index for the financial year 2024-25: A comprehensive guide - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/personal-finance/cost-inflation-index/ - Categories: Personal Finance - Tags: CII, Cost Inflation Index Introduction Purchasing power, the quantity of goods and services that money can purchase, declines with the passage of time. If  Rs 100 can purchase two units of an item today, tomorrow it may only buy one unit—due to inflation. Read on to find out how to use the Cost Inflation Index (CII) to assess how inflation increases the cost of goods and assets. A.  A brief explanation of the Cost Inflation Index (CII) When planning for the sale or transfer of a capital asset, it is helpful to use Cost Inflation Index tables to determine your long-term capital gains. The term ‘capital gain’ refers to the monetary benefit one receives upon the sale or transfer of a capital asset, such as real estate, buildings, patents, stocks, shares, brands, etc. B. Importance of understanding CII for taxpayers The CII is an important part of tax systems, especially when it comes to figuring out capital gains tax. Its main job is to make sure that the prices of things you buy are updated over time to reflect inflation. Taxpayers can correctly find the updated cost of an asset by adding the CII to the cost of buying it. C. Overview of changes in CII for the financial year 2024-25 The Central Board for Direct Taxes (CBDT) has set the Cost Inflation Index (CII) at 363 for FY 2024–25. The CII is a very important tool that the Indian government uses every year to guess how much inflation there is and how it... --- ### Ascending Triangle Pattern: What it is, and how to trade it - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/personal-finance/ascending-triangle-pattern/ - Categories: Personal Finance - Tags: ascending triangle, Ascending Triangle pattern I. Introduction Are you keen on technical analysis? Then you should know about the ascending triangle pattern on charts because its appearance can mean a price high is coming. Being able to identify it is a valuable tool and can help traders identify potential bullish breakouts. To know more about it, continue reading! A. A brief overview of technical analysis in trading As you may know, utilizing historical price charts and market data, traders can apply technical analysis to figure out the future price movements of a security. Technical analysts utilize different tools and indicators, including chart patterns, to distinguish between trading opportunities and pick the right ones. An ascending triangle pattern is one such tool. B. Introduction to the Ascending Triangle Pattern The ascending triangle pattern is a type of chart pattern that technical analysts seek to spot, because they see it as highlighting a potential vertical price movement. It defines a horizontal boundary along the highs and a rising trend line along the lows to frame a triangle. It tends to be beneficial for investors to understand how to identify and trade this pattern. When it comes to a possible gain breakout of a current upturn, an ascending triangle stock chart pattern is 83% successful. II. Understanding the Ascending Triangle When you utilize technical analysis to search for conceivable vertical price movements in the financial markets, you may observe what is known as an ascending triangle pattern. This pattern suggests a bullish continuation. A. Description and visual representation... --- ### Unveiling the Cup and Handle pattern: A guide to trading strategies in real life - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/personal-finance/cup-and-handle-pattern/ - Categories: Personal Finance - Tags: Cup and Handle pattern I. Introduction In the domain of technical analysis, grasping chart patterns can yield brilliant price movements and market trends. These patterns, which are made by the changes in stock prices after some time, give traders and analysts differing degrees of exactness in anticipating future price movements. One such pattern, all around noted for its capacity to anticipate, is the Cup and Handle pattern. A. A brief overview of technical analysis With a view to anticipating future price movements, technical analysis looks at verifiable price and volume data over time. To find trading opportunities and trends, it focuses on chart patterns, indicators, and other statistical tools. B. The importance of recognizing chart patterns As they often show expected shifts in market sentiment and price trends, chart patterns should be perceived. While buying, selling, or holding securities, traders utilize these patterns to direct their choices. C. Introduction to the Cup and Handle pattern A bullish continuation pattern, the Cup and Handle pattern is moulded like a tea cup with a handle. Generally emerging following an uptrend, it demonstrates a little combination before the price resumes its rising pattern. Finding this pattern can give traders a determined passage point for stocks with the potential for upward movement. Traders can make the most of market opportunities by grasping their formation and suggestions. II. Understanding the Cup and Handle pattern A couple of phases of the Cup and Handle pattern, as well as a specialized examination formation, uncover market elements and conceivable price movements. A.... --- ### Crypto Market Analysis | 25 July 2024 - Published: 2024-07-25 - Modified: 2024-07-25 - URL: https://coinswitch.co/switch/market-analysis/25-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin's decline persists amid ongoing transfers to Mt. Gox creditors, impacting market sentiment. The slump in BTC isn't an isolated event; US-based tech stocks also experienced significant drops yesterday. Another factor contributing to the crypto downturn is the recent launch of the Ethereum ETF. The outflows from Grayscale have intensified pressure on ETH, causing it to break below the crucial $3,300 support level. If the Ethereum ETF mirrors the trading patterns of Bitcoin ETFs, ETH could potentially dip below $3,000 before rebounding towards the $5,000 mark. In another interesting development, Ferrari announced that it will soon start accepting Bitcoin and Ethereum as payment. This move is aimed at helping dealers better address the evolving needs of their clients, highlighting a growing trend of major companies integrating crypto into their payment systems. --- ### Descending triangle pattern - Published: 2024-07-24 - Modified: 2024-07-24 - URL: https://coinswitch.co/switch/personal-finance/descending-triangle/ - Categories: Personal Finance - Tags: descending triangle, descending triangle pattern I. Introduction The descending triangle pattern is one of the crucial chart patterns in technical analysis. The descending triangle is also known as the falling triangle as it shows downward triangle patterns on the chart indicating a reduced interest in purchasing an asset, stock, share, or commodity on the chart. Traders, investors, and financial enthusiasts must know about the basics of descending triangle chart patterns to make the most of it in trade. A. A brief explanation of the technical analysis If we are talking about the descending triangle chart patterns, you must be aware of what technical analysis is. Technical analysis is an essential concept in trading. It analyzes statistical data gathered from trading activity and tries to identify suitable trading opportunities for the trader. B. An overview of chart patterns The chart pattern is associated with the technical analysis used in trading. A chart pattern is also known as a price pattern. It refers to a pattern or a shape within a trade price chart. Traders use it to assess what the price will/might do in the future based on what it had done in the past. There are numerous chart patterns in trade price charts, such as ascending triangle chart patterns, descending triangle chart patterns, hanging man, etc. C. Transition to the descending triangle A descending triangle pattern is a type of chart pattern used in trading that helps identify the market breakdown for the trade. A descending triangle chart pattern or falling triangle chart pattern usually... --- ### Navigating the financial landscape: Understanding equity shares vs. preference shares - Published: 2024-07-24 - Modified: 2024-07-24 - URL: https://coinswitch.co/switch/personal-finance/equity-shares-and-preference/ - Categories: Personal Finance - Tags: equity, Preference shares I. Introduction The stock market is a mind-boggling ecosystem where companies share shares to raise funds. Anyone interested in investing in the stock market should know all about the different share types, especially equity and preference shares if they wish to explore the terrain effectively. Investor risk levels and investment decisions are impacted by the fact that preference and equity shareholders have various rights and benefits. A. A brief overview of the stock market The stock market is the collective network of trading markets. It includes stocks and their connected protections. The stock market may be called the original kind of crowdsourcing. In other words, in present-day economies, it is where companies collect tremendous sums of money to send, create, or take care of obligations.   Public companies have shares that can be bought and sold on stock trades as well as in different places. In the wide market, the small-cap index registered an almost 62% rally though the mid-cap index soared around 65% in the financial year 2024. B. The importance of understanding equity and preference shares Equity shareholders have voting rights, the chance of capital appreciation, and dividends, all of which amount to partial ownership of a company. Most of the time, preference shares don’t have voting rights. However, they do get dividends before they are paid out to equity shareholders. Equity shares and preference shares, then, come with different benefits. II. Equity shares As mentioned above, equity shares give individuals a stake in a company. This allows... --- ### Crypto Market Analysis | 24 July 2024 - Published: 2024-07-24 - Modified: 2024-07-24 - URL: https://coinswitch.co/switch/market-analysis/24-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The biggest news of the day remained the beginning of trading in Ethereum ETFs, with ETH ETFs totaling a volume of $1 billion on day one of trading. Grayscale led the charts once again, with $484 million worth of outflows, which is close to 5% of the total fund value. Overall, a net $165 million inflows were seen in Ethereum ETFs. Bitcoin (BTC) fell below the $66,000 mark following the news that creditors of the now-defunct exchange Mt. Gox have begun receiving their BTC through the US-based exchange Kraken. After a nine-year wait, multiple creditors have reportedly received their BTC, with the total distributed amounting to an impressive $9 billion in BTC and Bitcoin Cash (BCH). --- ### Demystifying the price-to-book ratio: A simple guide - Published: 2024-07-23 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/price-to-book-ratio/ - Categories: Personal Finance I. Introduction The price-to-book ratio is a common thing. It is an industry screening tool and an index of the relative worth of firms based on their book value. This ratio is computed as the current market price per share of the corporation divided by the Book Value Per Share (BVPS). A. A brief overview of financial ratios It is vital to note that financial ratios are valuable in determining the performance of a company or the financial status of a company. Being the most reliable tool in terms of assessing whether a particular stock is over- or under-estimated by the market, the P/B ratio quantifies the extent of conformity of the current market price of the company’s stock with the concept of book value per share. B. The importance of understanding the price-to-book ratio (P/B ratio) The price-to-book ratio acts as a helpful indicator, especially for an investor who wishes to identify growth firms that are trading at growth rates below their actual worth. This valuation tool indicator—P/B ratio—may be interpreted primarily as a tool for assessing the company’s financial situation. Value investors thus often view assets with a P/B ratio of less than 1. 0 as sound ones. II. What is the price-to-book ratio? The price-to-book ratio is defined as the current market price per share of a firm divided by the book value per share of the firm’s stock. This shows how the actual value of a company in the market differs from the book value accepted... --- ### Demystifying Cash Reserve Ratio (CRR): Understanding the rate, meaning, formula, and how to calculate - Published: 2024-07-23 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/cash-reserve-ratio-crr/ - Categories: Personal Finance - Tags: Cash Reserve Ratio, CRR I. Introduction The Cash Reserve Ratio, or CRR, is the minimum amount that the Central Bank says commercial banks must keep in separate accounts for public savings with the Central Bank. A. A brief overview of Cash Reserve Ratio (CRR) Every country’s central bank uses the CRR as an important part of its monetary strategy to keep the money supply in check. The CRR rate is the minimum amount of cash savings that every business bank must keep in hand, as required by the central bank. B. The importance of CRR in the financial system The CRR helps business banks become and stay solvent. It ensures that all business banks have a uniform and well-kept funding scheme. Through the CRR rate, the Reserve Bank of India (RBI) is able to oversee and organize the credit that banks hold. This helps keep the flow of cash and credit in the economy accessible. II. Understanding the Cash Reserve Ratio The Cash Reserve Ratio (CRR) tells a bank how much of its overall savings it needs to keep as cash in hand. The RBI wants this, and it holds the cash. A bank doesn’t get interest on the money it keeps on deposit with the RBI, and it can’t be used to trade or give money. A.     Definition and meaning The CRR tells private banks how much of their customers’ savings they must hold as reserves. These reserves can be cash in hand or loans made with the central bank. The... --- ### Unravelling net interest income: Understanding the meaning and formula - Published: 2024-07-23 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/net-interest-income/ - Categories: Personal Finance - Tags: net interest income, Net Interest Income (NII) I. Introduction Have you ever wondered how banks bring in money, and how to choose a safe bank? Net Interest Income (NII) is the key! It is the profit banks procure from their central business—the difference between interest charged on loans and that paid on deposits. Understanding NII is essential for examining a bank’s financial health. A. Brief overview of the financial terms Net Interest Income (NII) is a key profit metric for banks and other financial institutions. It reflects their central business—of lending and borrowing—with the difference between the interest they acquire on loans and investments (assets) and the interest they pay on deposits and different liabilities. A report says that almost 50% of the private banks that have registered consistent growth in net interest income have also seen a lofty revision of up to 34% in share costs. B. Importance of Net Interest Income (NII) in financial analysis Understanding NII is critical for financial analysis since it uncovers a bank’s profitability from its main business. A higher NII shows a bank’s effectiveness in dealing with its interest rates—procuring more on loans than it pays on deposits. This metric thus evaluates a bank’s weakness in interest rate fluctuations and its capacity to generate profits in various economic conditions. II. What is net interest income? Net Interest Income (NII) is the difference between the interest banks acquire on loans and investments and the interest they pay on deposits and borrowings. Understanding NII is essential for individuals and businesses as it... --- ### Income Tax Slab: A Guide for Taxpayers in 2024 – 2025 - Published: 2024-07-23 - Modified: 2024-07-24 - URL: https://coinswitch.co/switch/personal-finance/income-tax-slab-2024-2025/ - Categories: Personal Finance - Tags: Income Tax Slab, income tax slab for ay 2024-25, New Tax Regime, new tax regime slabs, old tax regime, old tax regime slabs, Tax Rates The budget 2024 is out and crypto investors were left wishing for more as Finance Minister Sitaraman did not make any changes to the taxation of Virtual Digital Assets (VDA).   Overall, the budget showed some tough love for equity investors, while salaried employees saw some relief as standard deduction increased and the tax slabs under the new regime were tweaked to benefit salaried individuals.   The budget had some major takeaways for agriculture and human development but was silent on crypto taxation in India.   Here are the revised tax rates under the new tax regime. Read on to learn more. Overview of income tax slabs under the New Tax Regime for FY 2024-25  The new tax regime saw considerable changes as the low- and middle-income tax slabs were modified to increase the disposable income of salaried individuals.   Individuals filing their income tax under the new regime stand to get the benefit of up to Rs. 17,500 this year.   The table below displays a comparison of tax slabs between FY 2023-24 and FY 2024-25 for the new tax regime. FY 2023-24 Income Tax SlabFY 2024-25 Income Tax SlabIncome Tax RatesUp to Rs. 3 lakhUp to Rs. 3 lakhNILRs. 3 lakh - Rs. 6 lakhRs. 3 lakh - Rs. 7 lakh5%Rs. 6 lakh - Rs. 9 lakhRs. 7 lakh - Rs. 10 lakh10%Rs. 9 lakh - Rs. 12 lakhRs. 10 lakh - Rs. 12 lakh15%Rs. 12 lakh to Rs. 15 lakhRs. 12 lakh - Rs. 15 lakh20% Above Rs.... --- ### Crypto Market Analysis | 23 July 2024 - Published: 2024-07-23 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/market-analysis/23-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin continues its uptrend as it finds support at the crucial $66. 6k. However, $69k is a major resistance that needs to be broken down with volumes to allow BTC to break all-time highs yet again. On the other hand, US regulators have now given final approval for Ethereum-based ETF products, meaning institutions will now have access to more than 71% of the $2. 45 trillion crypto asset industry directly through regulated products. Lastly, with the Union Budget announcement set for today, the Indian crypto industry is expecting some tax reductions. --- ### Navigating finances: Unravelling the differences between capital and revenue expenditure - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/personal-finance/capital-expenditure/ - Categories: Personal Finance - Tags: capital expenditure, revenue expenditure I. Introduction Working information on financial terminology is vital for effective financial management. So, understanding the distinctions between Capital Expenditure and Revenue Expenditure is essential. It helps to make wise decisions and preserve long-term financial health in both individual and hierarchical settings. A. Brief overview of financial terms Two critical terms in financial management are capital expenditure and revenue expenditure. Capital expenditure involves investments in assets with long-term benefits, while revenue expenditure covers short-term costs. One is utilized for transient acquisitions, while the other is for persevering through them. Definite financial reporting and strategic planning, which ensure that resources are utilized in an ideal way for growth, rely heavily upon this differentiation. B. Importance of understanding capital and revenue expenditure Dissecting capital and revenue expenditure is essential as it recognizes long-term ventures and day-to-day expenses. And because it helps mould strategies for economic and financial growth.    II. Defining capital expenditure Capital Expenditure or CapEx makes future benefits and increased productivity possible. It is the cash spent on purchasing, improving, or maintaining long-term assets, like buildings, equipment, or land. A. Explanation in simple terms A company may set cash aside to purchase other equipment or rebuild its office space. That is known as ‘capital expenditure,’ or CapEx. Buildings, vehicles, and equipment are bought with the intention of benefiting the business in the long run. This is distinct from regular expenses like rent or office supplies, which are deducted immediately. B. Examples illustrating capital expenditure Examples of capital expenditures include money... --- ### Pre-open market stock trading in India: Unveiling strategies for success - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/personal-finance/pre-open-market/ - Categories: Personal Finance - Tags: pre-market trading, stock trading The pre-open market session is trading activity before the regular market opens. This short period allows traders in India to react to overnight developments such as news and global economic events that may impact stock prices. In India, the pre-open market session runs from 9:00 a. m. to 9:15 a. m. The early trading session offers insights into the market's direction for the day ahead, enabling traders to capitalize on early opportunities before markets open. Why consider pre-market trading? The pre-market trading period or the pre-open market offers several advantages. However, as with everything, it comes with its share of risks and challenges. Here are some of them. A. Potential Advantages Early access to market movements: Pre-market trading opens a brief window for investors to benefit from developments that could impact the market for the day before the official opening of the regular trading session.   React to overnight news: The pre-market trading strategy enables investors to respond promptly to overnight news and events such as economic reports, geopolitical developments, and company announcements. The prior knowledge gives traders time to make informed trading decisions. Risks and challenges Limited liquidity: Typically, pre-market trading has lower trading volumes than regular hours trading, making it difficult to execute trades at desired prices. Volatility: The pre-open market is more volatile than regular trading hours due to lower liquidity and limited trader participation. Furthermore, only a limited number of shares are traded during pre-market hours, giving investors fewer options. Developing a pre-market trading strategy Given... --- ### What are stock splits in India: Meaning, history, and ratio - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/personal-finance/what-a-stock-split/ - Categories: Personal Finance - Tags: Share Split, stock split When a business splits its stock, the number of shares it has goes up, but its market value stays the same. Shares that already exist are divided, but the value stays the same. Why do it then? Because investment will increase when it’s cheaper to buy one share. Brief explanation of stock splits When a company raises the number of shares it issues to make the stock more liquid, this is called a stock split. The number of shares that are still valid goes up, but the market value of the company stays the same because the price of each share is split. The most common split rates are 2:1 or 3:1. Significance of stock splits in the Indian market When a stock split happens, the number of shares goes up while the face value of each share goes down. This makes it easier for new buyers to become interested in the company’s stock and buy shares. That is, the number of owners could go up because more people would buy when prices are lower. Understanding stock splits When a company uses a certain ratio to figure out how many new shares will be made by splitting the current shares, this is called a share split. Most of the time, such stock splits only change what is necessary for buyers to buy company shares. A. Definition and concept During a stock split, a company splits its current shares into multiple shares. This raises the total number of active shares while... --- ### Long Term Capital Gains (LTCG) tax in India 2024: Exemptions - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/personal-finance/long-term-capital-gains-tax/ - Categories: Personal Finance - Tags: Long Term Capital Gain, Taxation Profits for the sale of assets held for a period exceeding 12 months are levied with what is known as the Long Term Capital Gains tax or LTCG tax. The LTCG rate depends on the type of asset and the country in which it is being held. There is no doubt that knowing the LTCG tax rate is an important aspect of strategic financial management. Brief explanation of Long-Term Capital Gain Tax (LTCG) The tax effects of long-term capital gains are usually considered more beneficial than those of short-term gains. The gains are calculated by deducting the cost of acquiring fixed assets from their sales proceeds, when they are held for more than twelve months. In other words, it represents the amount of profit money on long-term investments. The LTCG tax rate depends on the kind of asset and the applicable tax laws. Importance of understanding LTCG for investors Making smart investment decisions, maximizing net profits, and scheduling asset sales all benefit from knowing the LTCG tax rate. Long-term capital gains can be taxed by applying a 20. 8% tax rate with indexation. (An inflation index represents an increase in the value of an asset compared to its initial cost, and the process of taking it into consideration is through indexation. ) It is important to keep this number in mind as an investor. Overview of LTCG tax in India LTCG or long-term capital gains is another kind of return from investments made that take not less than three years.... --- ### What is Quick Ratio, and how to calculate it: Meaning and formula - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/personal-finance/understanding-quick-ratio/ - Categories: Personal Finance - Tags: Liquidity Ratio, Quick Ratio The quick ratio is a way to measure whether a business can pay off its short-term bills. The Quick Ratio formula helps assess how well the company can meet its short-term demands with cash in hand. It is also known as an ‘acid test ratio’. Brief overview of financial ratios The Quick Ratio formula indicates whether a firm is able to satisfy its short-term obligations with its current cash in hand. This ratio highlights the business’s short-term health. Included are assets having a marketable worth that may be converted into cash within 90 days. All current assets, except paid-for goods and services, are considered in the Quick Ratio. Importance of liquidity in financial health You may learn a lot about the stability or instability of a company and its financial situation from its liquidity rate. A high percentage indicates that a corporation has sufficient cash on hand to cover its short-term obligations. A low number may indicate possible financial issues. What is the Quick Ratio? The Quick Ratio formula, which is also called the Liquidity Ratio, shows how well a company can pay its short-term debts. It does this by checking how many assets can be quickly turned into cash. These assets are money in the bank, stocks that can be sold, and money owed to the business. These things are called quick investments because they can be turned into cash quickly. Definition and explanation Quick Ratio is a measure of a company’s liquidity. It shows how well or poorly... --- ### Candlestick chart pattern in trading: Analysis, types, and basic information - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/personal-finance/candlestick-chart-in-trading/ - Categories: Personal Finance - Tags: Candlestick Chart The candlestick chart pattern is a very popular and effective trading tool that comes under the broad category of trading analysis. If traders study each pattern, shape, and formation properly, they can identify market trends with greater ease. If you are a trader, it can help improve your trading strategy and performance. A brief overview of candlestick chart patterns The candlestick chart pattern in online trading offers insights into stock price movements and market sentiments. Every candlestick on a chart represents the price movement within a particular period. It mainly shows how high or low the market price went and where it opened and closed. These patterns help predict future price movements for traders. Their importance in trading analysis The candlestick chart pattern is important while analyzing trading. It brings the market emotion to you and captures the behavior or response of buyers and sellers. When traders analyze these patterns, they can spot potential trends, continuations, and reversals. A report revealed that at one point in time, 66% of candlestick patterns outperformed the S&P 500. You can see that real-time data can help traders understand unpredictable financial markets. Basics of candlestick charts Candlesticks are mainly created to identify that specific up and down movement in the market. So, before using it, make sure you have proper information about it to use it to your advantage. A brief explanation of candlestick components You have to understand the two main components or parts of the candlestick chart pattern to use it effectively.... --- ### Crypto Market Analysis | 22 July 2024 - Published: 2024-07-22 - Modified: 2024-07-22 - URL: https://coinswitch.co/switch/market-analysis/22-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin (BTC) surged to a one-month high, reaching $66,700 amid a global IT outage caused by a software update from CrowdStrike. This rally, which saw Bitcoin rise 4% in 24 hours, coincided with strong trading volumes for BlackRock's spot bitcoin ETF. Solana also performed well, surging 8. 5% to over $170. Currently, BTC is priced at $68. 09k. Five-spot Ethereum exchange-traded funds (ETFs), including offerings from Fidelity, are set to launch tomorrow, according to notices from the Cboe Exchange. The ETFs will give investors direct exposure to Ethereum. The approval of these ETFs follows a growing interest in digital asset investments and regulatory advancements in the US market. XRP saw a significant price jump after Ripple CEO Brad Garlinghouse expressed optimism about a "very soon" resolution in the company's legal battle with the US Securities and Exchange Commission (SEC). The news propelled XRP over 10%, reaching a high of $0. 55. In the political sphere, President Joe Biden's decision to withdraw from the 2024 presidential race led to a dramatic surge in the Kamala Harris meme coin (KAMA). The coin hit an all-time high of 2. 4 cents, doubling its value and bringing its market cap to $24 million. In contrast, the Biden-themed coin (BODEN) plummeted nearly 50%. --- ### Empowering progress: Unveiling the growth trajectory of the semiconductor industry in India - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/personal-finance/can-india-truly-become-a-global-semiconductor-hub/ - Categories: Personal Finance - Tags: semiconductor Introduction Most new technologies, from computers to guns, depend on semiconductors. So it isn’t surprising that almost every country is trying to improve its semiconductor production and make sure there are enough sources. India is no different. The semiconductor industry in India plays a crucial role in driving economic growth and innovation. It has reshaped the economic landscape. A. Brief overview of the semiconductor industry The semiconductor industry in India is an important part of electronic products. Such products make progress possible in many areas, such as healthcare, transportation, messaging, computing, energy, and more. B. Significance in technological advancements and global economy Semiconductors are thus central to modern technology and are important in many fields, such as healthcare, military, defense, and cars. The power developments paved the way for a more advanced and connected world, which in turn affected economic growth. C. Teaser on India’s role in this dynamic sector In the past few years, there has been a big increase in the demand for semiconductors in India. This is due to things like the widespread use of 5G technology, the rise in popularity of cryptocurrency mining, which needs more processing units, and the government’s ongoing efforts to make everything digital. 2. Historical context The Indian semiconductor business has been around for a long time. It all started in Bangalore in the early 1960s when the Indian government set up the Semiconductor Complex India Limited (SCL). SCL was India’s first company to make semiconductors, and it was a major force... --- ### What is the difference between shares and debentures? - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/personal-finance/shares-and-debentures/ - Categories: Personal Finance - Tags: debentures, Shares, shares and debentures I. Introduction In the financial world, shares and debentures are two distinct financial instruments that come with their own advantages and risks. Shares offer the potential for higher returns with ownership benefits, while debentures provide reliable and fixed income. The risk in debentures is lower than in shares.   A brief overview of the financial market The financial market is a very large category of assets. It may consist of equities, bonds, commodities, and derivatives. Every one of these instruments has a distinct role, and has its own pros and cons, or what can be described as risks and gains. The knowledge difference between shares and debentures is consequently essential for both the individual and the institutional investor. The importance of understanding investment options The knowledge of investments goes beyond identifying the right portfolio or particular security; it also involves understanding what is behind these markets. Nevertheless, there are two common forms of external sources of financing, shares, and debentures, and each has its peculiarities.   II. Shares: A closer look Common stock: The common form of stocks, which are owned by a company shareholder, is called share, or more precisely, equity. It is important to know about these to know the difference between shares and debentures. Definition and basic concept In ownership investment, an investor can buy stocks and become a stakeholder, meaning they own a piece of the company. They also hold some privileges for voting during the various shareholders’ meetings or receive part of the corporation profits,... --- ### Everything you need to know about Hammer Candlestick patterns: Meaning, formula, and example - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/personal-finance/what-is-hammer-candlestick/ - Categories: Personal Finance Predicting market movements is tough. Yet technical analysis offers some help as it tries to make sense of stock market moves by creating and interpreting charts. Essentially, stock market participants come in two types: traders and investors. A trader places trades for a short period, sometimes even for a few hours, while an investor buys a stock or security and holds it longer. In this blog post, we will discuss the hammer candlestick pattern, a chart tool traders use to interpret the price movement of stocks.   To elaborate, traders will place a trade in the stock to benefit from the price movement once they identify this pattern. We will explain what a hammer candlestick pattern is, how you can identify it as a trader, and how you can use it to make a trade that could be beneficial. Read on to learn more about the hammer candlestick pattern. What is a hammer candlestick? Chartists extensively use candlestick charts for technical analysis as they factor in the emotions of traders. How can a chart depict emotions?   The candlestick charts visually depict emotions wherein the candle's size and color signify the price moves and the magnitude of the price movements.    The hammer candlestick pattern is formed when the stock opens at a higher price and then it gives up gains to trade at a price that is significantly lower than the opening price. However, owing to the buying pressure, the stock starts rallying within one trading period to close... --- ### Demystifying equity: Understanding its significance in finance - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/personal-finance/demystifying-equity/ - Categories: Personal Finance In financial terms, equity means the value of something minus the amount that is owed on it. Thus, a house owner’s equity is the difference between the value of the house and the unpaid home loan. In popular understanding, equity represents a person’s or an entity’s ownership in a corporate body. In other words, owners of equity shares receive partial ownership of the company. Essentially, equity signifies the monetary value shareholders are entitled to receive when a company settles all debt and liquidates its assets.   Equity shares are popular investment vehicles. Equity investors can make a profit from the appreciation of stock prices or capital gains. Additionally, owning shares in a corporation grants individuals the right to vote on important matters related to the company. This article will help you understand the basics of equity, the different types of equity shares, the financing methods, and how equity is valued. Read on to know more.   What is equity in finance? Equity represents the funds that will be distributed to shareholders after the liquidation of a company’s assets and liabilities. In other words, it denotes the value and ownership stake held by an individual or business in an organization, calculated by deducting liabilities, including debt. Equity investors are owners of the company in which they hold shares. As owners, they have voting rights in important decisions such as the appointment of directors and other corporate actions like mergers and acquisitions. Equities are essential benchmarks financial analysts use to evaluate a... --- ### The power of e-invoicing: Streamlining your business finances - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/personal-finance/the-power-of-e-invoicing/ - Categories: Personal Finance E-invoicing, short for electronic invoicing, is a digital method of creating, transmitting, and receiving invoices between businesses to simplify business-to-business (B2B) transactions in India. E-invoice has transformed traditional invoicing methods by leveraging technology to enhance accuracy, efficiency, and transparency in financial transactions. It was introduced in a phased manner by the government of India with the initial launch on October 1, 2020, applicable to businesses with a turnover of Rs. 500 crore or more. We will discuss the implementation of different phases and the features of each in detail in this blog post. Understanding e-invoicing As we have seen earlier, e-invoicing is a digital method of creating, transmitting, and receiving invoices between businesses. It aims to streamline and modernize the invoicing process, eliminating manual paperwork to enhance efficiency in financial transactions. They are generated through automated systems that convert transactional data into a standardized digital format. To generate e-invoicing, businesses need to create the invoice and submit it to the Invoice Registration Portal (IRP) for approval. Once verified, the portal returns the invoice to the supplier with a unique reference number, digital signature, and a QR code. Additionally, the e-invoice is shared with the buyer via the email address provided. Benefits of e-Invoicing: Real-time tracking: E-invoicing enables businesses to monitor the status and progress of invoices in real time, providing more visibility into financial transactions.   Accurate Input Tax Credit (ITC) claims: With the structured data format of e-invoices, businesses can capture and claim Input Tax Credit more accurately. This... --- ### Your crypto holdings are safe with CoinSwitch - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/crypto/your-cryptos-are-safe-with-coinswitch/ - Categories: Crypto - Tags: crypto A security breach was recently reported at WazirX. This news might be alarming to all CoinSwitch users and crypto traders across India. We want to assure all our users that your funds and crypto holdings on the CoinSwitch platform are safe and secure.   At CoinSwitch, we proactively prioritize security. We have implemented multiple safety measures and security protocols to safeguard users and their cryptos, understanding that security is of the utmost importance.   From user-specific PIN and 2FA (Two-Factor Authentication) to control access to the app, to SSL (Secure Sockets Layer) and TLS (Transport Layer Security) encryption protocols to protect user data and transactions, to multi-party computation (MPC) for the custodial wallets that secure users’ crypto, we have a comprehensive array of checks and guardrails in place to ensure users’ investment is as secure as it is seamless on CoinSwitch.   The safety measures ensure the users' crypto holdings, data, CoinSwitch app, servers, and servers are safeguarded from hacks and attacks. You can read a detailed blog about all the measures we have in place here. In addition to security measures, we also maintain a Proof of Reserve (PoR) to cover all user redemptions. The latest report places CoinSwitch’s total holdings as greater than its users’ holdings (numbers as of March 31, 2024, 24:00 hrs IST): Total Customer Holdings (Crypto + INR): Rs 2,774. 10 crore Total CoinSwitch Holdings (Crypto + INR): Rs 3,497. 22 crore This means CoinSwitch maintains a holdings ratio of over 1:1 for both crypto... --- ### Crypto Market Analysis | 19 July 2024 - Published: 2024-07-19 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/market-analysis/19-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news In the US, major financial firms including BlackRock, Fidelity, 21Shares, Grayscale, Bitwise, and Invesco Galaxy have submitted their final S-1 filings to the SEC to approve spot ether ETFs. The regulator is anticipated to greenlight these applications next week, with the funds expected to launch on Tuesday. This approval could mark a pivotal moment for the US crypto market. Italy's Cassa Depositi e Prestiti (CDP) and Intesa Sanpaolo have completed a €25 million digital bond issuance on the Polygon blockchain, marking a significant milestone under Italy's new digital asset regulations. The bond, with a four-month maturity, was settled in euros on the same day via the Bank of Italy's "TIPS Hash Link" tool. This transaction is part of the European Central Bank's trial for wholesale fiat money settlement on blockchains, highlighting the potential for enhanced efficiency and transparency in financial transactions through asset tokenization. On the other hand, Polygon Labs has announced that the migration from its MATIC token to the new POL token will commence on September 4, 2024, as outlined in its "Polygon 2. 0" roadmap. This upgrade is set to position POL as the primary gas and staking token for Polygon's proof-of-stake chain and other blockchains within its aggregated network, signaling a strategic move to bolster the ecosystem. --- ### Unveiling the power play: Understanding Porter’s Five Forces in business - Published: 2024-07-18 - Modified: 2024-07-18 - URL: https://coinswitch.co/switch/personal-finance/porters-five-forces/ - Categories: Personal Finance - Tags: Porter’s Five Forces I. Introduction In this competitive age, businesses must be aware of their competition in the market and how they impact profit. Porter’s five forces model is one of the most popular analytical tools that most companies prefer to use to analyze industry competition. This model is essential as it helps them examine the factors that shape industry profitability—things that help businesses find their competitive edge in the market. A. A brief overview of Porter’s Five Forces Porter’s Five Forces analytical model was developed by Michael E. Porter in 1970. It is an influential analysis tool or framework that helps businesses assess the competitive force of their industry. Porter’s five forces model details five essential forces within the industry that determine the profitability and attractiveness of an industry. So, if you are running a business or studying one, this article is for you. B. The Importance of the model in strategic business analysis Porter’s five forces model has a huge significance in strategic business analysis. This analytical framework comprises five essential forces of the industry that collectively influence the profitability of a particular industry. As a result, it strengthens strategic business analysis and helps to identify a profitable position in the market/industry. Today almost every business across industries utilizes Porter’s five forces framework. II.  Five Forces explained In Porter’s five forces model, Michael E. Porter has discussed five industry forces that impact the profitability of the industry. Here we will learn about them in detail. A. Bargaining power of suppliers The... --- ### How to invest in the share market: A beginner's guide - Published: 2024-07-18 - Modified: 2024-07-18 - URL: https://coinswitch.co/switch/personal-finance/invest-in-the-share-market/ - Categories: Personal Finance - Tags: share market, stocks We work hard to earn a living and work even harder to save from our earnings. Savings and investments are two sides of the same coin, yet they are different. Essentially, the money lying idle in your bank account needs to be invested. And your investments need to earn a return that beats inflation for them to grow over time. Investing is the way to make your savings work for you. If you are new to investing and need some hand-holding, here is a step-by-step guide on how to invest in the share market.   Understanding the basics Getting a grip on the basics will help you understand investment products and make informed investment decisions.    Stocks and shares defined Stocks, shares, or equity denote ownership in a firm. Buying shares of a company grants the buyer part-ownership in the firm. The ownership is limited to the proportion of shares held by the individual.   Stocks do not guarantee regular income. However, as part owners of the organization, stock owners may get dividends and see capital appreciation with the increase in the value of equity shares.   Different types of stocks Common Equity Common stock is the most widely issued class of equity shares. Common stock indicates ownership in the company and represents the rights of shareholders over the firm’s assets in case of liquidation or bankruptcy.   Preferred Equity Preferred equity comes with different sets of rights over common stock. While it also denotes ownership, preferred equity has greater... --- ### Five things to keep in mind before investing in US stocks - Published: 2024-07-18 - Modified: 2024-07-19 - URL: https://coinswitch.co/switch/us-stocks/five-things-to-keep-in-mind-before-investing-in-us-stocks-3/ - Categories: US Stocks - Tags: stock market, US stocks Introduction to US stocks US stocks offer an attractive investment option for global investors. Several companies listed on the US stock exchanges have global operations, hence contain less market risk than other stock markets. This factor makes the US a compelling investment destination. Many investors have included high-performing US companies in their portfolios as their home countries often have unpredictable stock markets, unstable economies, and declining per capita incomes. According to statistics available for the financial year 2021, Indian investors have invested in more than 5,000 US securities, not just FAANG firms. Nevertheless, investors should be aware of the big picture and understand how the US market operates before investing. Let’s dig in. How to invest in US stocks from India If you are considering investing in the US financial market, this post is for you. However, before you invest, you need to understand some important factors. 1. Regulatory framework The Securities and Exchange Commission (SEC) regulates the US stock market, similar to how the Securities and Exchange Board of India (SEBI) is the Indian market regulator. The US market is one of the world's oldest and most tightly regulated stock markets. Since the 1930s, the SEC has ensured strict compliance with rules and regulations. It has established some of the best practices, which are essential for the protection and trust of investors. In the past, US markets have done better than Indian ones. For example, the US markets have outperformed Indian indexes by 8–15% over the previous ten years,... --- ### Crypto Market Analysis | 18 July 2024 - Published: 2024-07-18 - Modified: 2024-07-18 - URL: https://coinswitch.co/switch/market-analysis/18-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After 5 consecutive green days, BTC encountered a red day as the US top stock market index- NASDAQ 100 also had its worst day since December 2022. While the support was found around the 64k USD mark, 65k USD needs to be broken with volumes for another leg up for the world’s largest crypto. In altcoins, Telegram-backed-The Open Network’s TON has announced a trustless DeFi bridge for Bitcoin which will facilitate secure bitcoin transfers to and from the ton network. This could be a bullish catalyst for an already popular chain. Meanwhile, many are rallying behind US presidential candidate Donald Trump, Ethereum co-founder Vitalik Buterin has voiced his concerns, with ETH ETF trading just a few days away in the US. He argues that mere support for crypto is not a sufficient reason to back a political figure. --- ### Crypto Market Analysis | 17 July 2024 - Published: 2024-07-17 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/market-analysis/17-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin reclaimed the $65k level. Even the news of Mt Gox moving 91,755 BTC worth $5. 8 billion could not deeply impact the current relief rally in BTC. Spot bitcoin ETFs have attracted over $16 billion of inflows since their launch in January, with $300 million added early this week alone. The funds, led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund, have seen consistent inflows even as bitcoin prices fluctuated, indicating strong investor demand for regulated bitcoin exposure. The top mover of the day remained Worldcoin’s WLD (+20%). --- ### Demystifying CDSL: The backbone of India's securities market - Published: 2024-07-16 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/demystifying-cdsl/ - Categories: Personal Finance - Tags: CDSL CDSL, short for Central Depository Services Limited, is a securities depository in India that facilitates the holding and transfer of stocks, bonds, and mutual funds in electronic form.   CDSL acts as a central repository where investors' securities are held in dematerialized form. Dematerialization (demat) is the process of converting physical certificates to digital format. Dematerialization and electronic holding of securities streamline trading, thus reducing paperwork and risks associated with physical certificates. It provides services such as opening and maintaining demat accounts, processing of share transactions, and settlement of trades in the Indian securities market.   Understanding CDSL CDSL, established in 1999, comes under the regulatory oversight of the Securities and Exchange Board of India (SEBI), India's securities market regulator. CDSL's primary function is to facilitate electronic holding and transfer of securities, providing a secure and efficient platform for trading and settlement in the Indian capital market. CDSL boasts an extensive network of operations, serving investors, brokers, and depository participants across India. CDSL’s active demat account base reflects its widespread reach, offering convenient and secure storage of securities for millions of investors, enhancing the efficiency and liquidity of the Indian capital market. Services and recognition CDSL serves as a central depository for maintaining ownership records of financial securities in electronic form. It facilitates the dematerialization of physical securities and ensures the secure transfer and storage of ownership rights, thereby streamlining the process of buying, selling, and holding securities.   Over the years, CDSL has partnered with leading entities in the... --- ### Mastering the golden rules of accounting: A fundamental guide - Published: 2024-07-16 - Modified: 2024-07-18 - URL: https://coinswitch.co/switch/personal-finance/golden-rules-of-accounting/ - Categories: Personal Finance - Tags: Accounting, golden rules of accounting How do you measure the true value of a company or an individual? At a basic level, sales/income should be more than the costs for a business/person to remain financially stable. Accountants prepare financial statements or statements of accounts that are accessible to various stakeholders such as investors, tax authorities, debt holders, and banks. Accuracy and uniformity of presentation matter the most as they help assess the financial health of a firm or an individual vis-a-vis another entity or person. Accountants generally follow three established rules of accounting to prepare balance sheets. These golden rules of accounting form the very basis of passing journal entries, which in turn, form the basis of accounting and bookkeeping. Understanding accounting and its role Accounting is the process of recording, classifying, and summarizing financial transactions. The golden rules of accounting are a set of guidelines that accountants follow for the systematic recording of financial transactions.   The golden rules of accounting revolve around the double entry system of accounting; i. e. , debit and credit. These rules help accountants know which accounts have to be charged and which need to be credited. Types of accounts in accounting In accounting, every financial transaction that a business or an individual undertakes is classified into three categories:  Nominal account  The nominal account tracks all records related to revenue, expenses, profits, and losses for a particular accounting period. That is why it is often called a temporary account, as its balance is reset to zero at the beginning... --- ### Crypto Market Analysis | 16 July 2024    - Published: 2024-07-16 - Modified: 2024-07-16 - URL: https://coinswitch.co/switch/market-analysis/16-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC’s rebound that followed Trump's assassination attempt continues as BTC posted a third straight green candle with little resistance to offer till $70k. However, we might see some profit booking at $65k given it is an important liquidity zone for the world's largest crypto. The biggest top mover in the last 24 hours in the top 100 cryptos remained memecoins, as PEPE (+26%), FLOKI (+24%), WIF(+24%), and BRETT(+20%) outperformed all other categories of coins which confirm the market sentiment that crypto community still finds value in the meme culture more than anything else and the current cycle might be far from over. However, memecoins also tend to drop much sharper than other coins, hence are extremely risky to invest or trade. In another bullish development, Ether ETF issuers were reportedly told by the SEC that the ETFs could start trading as early as next Tuesday. For the same reason, ETH (+4%) outperformed BTC (-3. 5%) in the last 24 hrs. ETH spot ETFs are expected to see an inflow of more than $5 billion to upwards of $20 billion in the first six months, according to top analysts. --- ### Crypto Market Analysis | 15 July 2024    - Published: 2024-07-15 - Modified: 2024-07-15 - URL: https://coinswitch.co/switch/market-analysis/15-july-2024/ - Categories: Crypto Market Analysis Bitcoin is currently priced above $62k, experiencing a surge following an assassination attempt on the former U. S. President Donald Trump. The incident has significantly influenced market sentiment, as Trump's odds of winning the 2024 election have risen to 70%, according to various analyses. Trump's pro-crypto stance, emphasizing the protection of an individual’s right to own crypto assets, has further fueled positive sentiment within the crypto community. This has propelled Bitcoin's price from a recent low of $53,000. Analysts suggest that Bitcoin may be poised for a rally towards $70,000 as long-term holders continue to accumulate the asset. On-chain data reveals that the supply of Bitcoin held by long-term investors has reached an all-time high, indicating strong conviction in the asset's long-term potential. Meanwhile, the German government has sold off its remaining Bitcoin (BTC) holdings, marking the end of its foray into crypto investments. The proceeds from the sale were transferred to the federal budget. In other developments, Partior, a blockchain payment network backed by JPMorgan, DBS, and Standard Chartered, has secured $60 million in Series B funding led by Peak XV Partners. The joint venture aims to establish unified blockchain-based interbank payment rails for instant clearing and settlement. The newly raised capital will be used to enhance Partior's capabilities in intraday foreign-exchange swaps and cross-currency repurchases. --- ### Crypto Market Analysis | 12 July 2024    - Published: 2024-07-12 - Modified: 2024-07-12 - URL: https://coinswitch.co/switch/market-analysis/12-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Germany has rapidly offloaded its confiscated Bitcoin holdings, transferring over 35,000 BTC, valued at $3 billion, to exchanges in the past three weeks. This move might ease concerns among crypto investors about potential supply overhangs from large sellers like the U. S. government and the Mt. Gox estate, which have also recently moved substantial amounts of BTC to exchanges. However, JPMorgan forecasts a rebound in the crypto market starting in August. The bank has reduced its year-to-date net flow estimate to $8 billion from $12 billion, attributing the decline in bitcoin reserves across exchanges to these liquidations and sales. Despite high bitcoin prices relative to production costs and gold, the bank remains cautious about the $12 billion estimate. In the U. S. , the House of Representatives failed to override President Biden's veto of a bill to end the SEC's controversial crypto accounting policy, SAB 121. This policy mandates public companies to hold customers' crypto assets on their own balance sheets, a measure criticized by the crypto industry as punitive. June's inflation data in the U. S. turned negative, with the CPI dropping 0. 1% and the core CPI increasing just 0. 1%. This softer-than-expected data heightened expectations for imminent Fed rate cuts, leading to a drop in the U. S. dollar and a surge in bitcoin prices above $59,000. Gold prices also rose by 1% to $2,404 per ounce. --- ### Crypto Market Analysis | 11 July 2024    - Published: 2024-07-11 - Modified: 2024-07-11 - URL: https://coinswitch.co/switch/market-analysis/11-july-2024/ - Categories: Crypto Market Analysis BTC, which has been unable to go beyond the $58k mark for the last week, continued its sideways run as the overall volumes being traded dropped across the markets. For the short term, $54k is the big support, while $60k is the resistance level to watch. After making a series of positive remarks about boosting the crypto sector, US presidential candidate Donald Trump is set to speak at the Bitcoin conference later this month to boost his pro-crypto image further. Look out for US inflation data which is expected at 6 p. m. today. If the reading comes lower than expected, it can be bullish for the market whereas a higher reading will likely start another downward move. --- ### Crypto Market Analysis | 10 July 2024    - Published: 2024-07-10 - Modified: 2024-07-10 - URL: https://coinswitch.co/switch/market-analysis/10-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has started to move slowly and steadily towards the upside again, even as $58. 3k remains the level to be broken, with bears opening shorts as soon as the level is reached. While many analysts are predicting Bitcoin to test 58k–60k volumes, with the current selling pressure of the now defunct Mt. Gox exchange, the German government, and the US government, the downtrend is likely to continue. Federal Reserve Chair Jerome Powell testified before Congress yesterday, hinting at a potential interest rate cut in September. His remarks, coupled with rising unemployment rates in the US, have raised expectations for interest rate reduction. Bitcoin saw a brief uptick following the news before stabilizing back to its previous level. --- ### Crypto Market Analysis | 9 July 2024   - Published: 2024-07-09 - Modified: 2024-07-09 - URL: https://coinswitch.co/switch/market-analysis/9-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With Bitcoin trading below the critical resistance level at $58. 4k, bears are looking to strengthen their grip even as the German government has already sold more than 50% of its originally held 50,000 BTC as per the data from Arkham Intelligence. ETH is just able to sustain above $3,000 even as the ETF trading of the world’s second-largest crypto is expected to begin shortly. In a significant development, asset manager BlackRock’s BUIDL token, backed by US Treasuries, surpassed half a billion dollars in AUM—showing the need for real-world asset tokenization on blockchain. It took only four months for this product to achieve the feat. The biggest gainer of the day remained NOT, as Telegram’s tap-to-earn gaming token pumped more than 50% in the last couple of days, becoming the highest gainer in the top 100 category. --- ### Crypto Market Analysis | 8 July 2024   - Published: 2024-07-08 - Modified: 2024-07-08 - URL: https://coinswitch.co/switch/market-analysis/8-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The Crypto Fear & Greed Index has dropped to 29, its lowest point since January 2023, as Bitcoin's price fell below $54,000. The decline is largely attributed to selling pressure from seized BTC sales by the German and US governments, as well as refunds to Mt. Gox users. Bitcoin could further dip to $50,000 due to these factors. In the past week, Bitcoin declined by over 10%, falling below its 200-day moving average. Analysts warn of potential further downside but also highlighted potential buying opportunities if the selling pressure subsides more quickly than expected. Proving it true, U. S. investors took advantage of the dip on Friday, investing over $140 million into spot Bitcoin ETFs. Fidelity's Wise Origin Bitcoin Fund led these inflows with $117. 4 million, showcasing continued confidence in the long-term potential of crypto. --- ### What is Ethereum Virtual Machine and how does it work? - Published: 2024-07-05 - Modified: 2025-02-19 - URL: https://coinswitch.co/switch/crypto/what-is-ethereum-virtual-machine/ - Categories: Crypto - Tags: ethereum, Ethereum Virtual Machine, EVM Put simply, the Ethereum Virtual Machine (EVM) is the engine that powers the Ethereum network. EVMs boost the Ethereum blockchain and smart contracts by assisting the network to achieve user adoption and decentralization. In this article, we will discuss what is EVM and take a close look at how EVM works. We will also cover EVM-compatible blockchains and their use cases. Let's dig in to understand EVM and how it forms the base for the Ethereum network.   What is EVM? The Ethereum Virtual Machine, or EVM, is a decentralized virtual environment that executes codes consistently and securely across all Ethereum nodes. EVM functions as the runtime environment for executing smart contracts and decentralized applications (dApps). The nodes run the EVM to execute smart contracts using ‘gas’ to measure the computational effort required for operations, ensuring efficient resource allocation and network security.   At its core, the EVM is a Turing-complete, sandboxed execution environment. Turing completeness means it can theoretically perform any computation, making it a versatile platform for creating dApps.   How does the Ethereum Virtual Machine work? The EVM is a virtual machine or a cloud computer that executes scripts to implement transactions on the Ethereum network.   EVM ensures access to the network nodes to execute the desired commands and create new tokens on the blockchain. Ethereum Virtual Machine serves as a platform for applications to be executed. Here is a step-by-step explanation of how EVM works: The Ethereum network smart contracts. These contracts are computer codes... --- ### Crypto Market Analysis | 5 July 2024   - Published: 2024-07-05 - Modified: 2024-07-05 - URL: https://coinswitch.co/switch/market-analysis/5-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Crypto prices nosedived in the last 24 hours, with massive liquidations further fuelling the drop in prices. With 3 major supply overhangs (Mt. Gox, US, and German Governments) currently being unloaded onto the BTC markets, the expected selling pressure has brought down prices of the largest crypto asset to levels from six months ago, after breaching the $55k mark earlier today, down 5%. The broader markets have followed suit with altcoin prices getting crushed, and market-wide liquidations exceeding $300m in the last 24 hours. The latest drawdown in prices began with the German government moving its largest batch of 3,000 BTC ($175m), including over $75m directly to exchanges. The German government has now sent over $300 million worth of BTC to identified exchange addresses and currently holds 40,359 bitcoin, worth about $2. 32 billion. But the real sell-off began in the last few hours after Arkham identified that Mt Gox moved 47,228 BTC ($2. 71 billion) from cold storage to a new wallet, which might suggest that the redemption process will soon begin! This has sent shockwaves across the broader markets with altcoins plunging 10-20% and overall crypto market cap down to $2. 1trn! Worth highlighting is the sharp drop in Pendle (down 20%), which has lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity. With BTC prices now falling below the 200-day SMA line for the first time since October 2023, the focus... --- ### Total Value Locked (TVL) explained: Why TVL matters in DeFi - Published: 2024-07-04 - Modified: 2024-07-04 - URL: https://coinswitch.co/switch/crypto/total-value-locked-tvl-explained/ - Categories: Crypto - Tags: crypto, Total Value Locked, TVL How do you measure the overall health of a DeFi protocol? Total value locked (TVL), a metric used in the crypto sector, refers to the overall value of crypto deposited in a decentralized finance (DeFi) protocol, a specific sector of the crypto market. It includes all the coins deposited across various functions a DeFi protocol offers, including staking, lending, and liquidity pools.   In this blog post, we will discuss the significance of total value locked and how it serves as a useful metric to check the robustness of a project. Read on to learn more. What is Total Value Locked?   The total dollar value held by the DeFi platform in its smart contracts is known as the total value locked. It represents all the funds stacked or locked on a specific blockchain network in transactional, lending, or borrowing capacity. The overall industry TVL is the sum of all the value locked across various DeFi apps.   This metric indicates investor and developer interest in a blockchain of decentralized applications (dApps). A higher-value lock suggests a more valuable or robust project or network.   The locked value doesn't reflect the yield the deposits are expected to earn. It only refers to the current value of the deposits. A project's TVL is calculated based on the number of tokens stacked on the network. This means it will change with activities such as new deposits or withdrawals. Besides, TVL is the dollar value of the stacked tokens and hence will vary... --- ### Crypto Market Analysis | 4 July 2024  - Published: 2024-07-04 - Modified: 2024-07-04 - URL: https://coinswitch.co/switch/market-analysis/4-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC crashed to a new three-month low of under $58k before a mini recovery back to just under $60k. While the local low of BTC stands at $56. 7k, anything lower would take us to a five-month low in BTC prices. If not recovered again, $60k may now become a resistance. Separately, asset management firm Bitwise has amended its S-1 registration with the US SEC expected to give the final approval for Ether ETFs as early as July. However, this news could not stop ETH from sliding by more than 3% yesterday. --- ### Crypto Market Analysis | 3 July 2024  - Published: 2024-07-03 - Modified: 2024-07-03 - URL: https://coinswitch.co/switch/market-analysis/3-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After the recent dump, Bitcoin has been creating higher highs and higher lows, as it looks poised to breach the $65k mark if 62k holds. This looks like the effect of the highest ETF inflows since early June as the institutional inflow stood at $130 million in a single day after more than $900 million worth of outflows were seen in June. July is also historically a bullish month for Bitcoin with a median return of 9%. Among altcoins, Solana is the notable performer alongside Telegram-backed Toncoin, with both coins gaining more than 3%. Solana’s rise can be attributed to the recent ETF filing by VanEck. Also, pump. fun, a Solana protocol to create memecoins, generated $2 million in daily revenue, more than Ethereum’s daily revenue. --- ### Crypto Market Analysis | 2 July 2024 - Published: 2024-07-02 - Modified: 2024-07-02 - URL: https://coinswitch.co/switch/market-analysis/2-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin seems to have recovered from the dump of the recent days as $60k turned out to be a good support with the bulls trying to take BTC to $65k, which is the next big resistance, according to charts. Short-term support was found around the $62. 5k level, which was already tested once yesterday on this leg up. Another factor that suggests that Bitcoin bottom might be in is the Coinbase Premium Index, with FalconX head of research pointing out that the last time this happened, Bitcoin rallied hard from Oct'23 to March'24. In other news, Paxos, one of the world's largest stablecoin issuers, received full approval from Singapore's central bank to issue stablecoins. Paxos has partnered with DBS for cash management needs and the stablecoin reserve's custody. Separately, technology giant Sony said it plans to restart the crypto exchange it bought last year, with a new name, S. BLOX. Last year, Sony also filed a patent that allows NFT transfers between games and consoles, alongside partnering with Astar Network for a Web3 incubation program. --- ### Ethereum roadmap: The way ahead after Merge - Published: 2024-07-01 - Modified: 2024-07-01 - URL: https://coinswitch.co/switch/crypto/ethereum-roadmap-after-merge/ - Categories: Crypto - Tags: ethereum merge, Ethereum Roadmap, Ethereum Upgarde Innovation, it appears, is a way of life with the Ethereum blockchain that enables an entire ecosystem of decentralized applications. However, many of those innovations were necessitated by the obstacles faced by the network—scalability issues, security breaches, energy-draining consensus mechanisms, and limited interoperability—since its inception in 2015. In fact, these solutions form the core of what is known as the Ethereum roadmap proposed by the blockchain’s co-founder Vitalik Buterin.             The Ethereum Merge in 2022 and the Shanghai upgrade in 2023 were groundbreaking developments for the blockchain as they laid the foundation for making the Ethereum network energy-efficient, scalable, resilient, and more secure. In fact, the road ahead for Ethereum outlined by Buterin demarcated the six stages of the network’s evolutionary phase: The Merge, The Surge, The Scourge, The Verge, The Purge, and The Splurge.    So far in 2024, Ethereum has implemented the Dencun upgrade. The upgrade contains improvements to the Ethereum network’s execution layer (Cancun) and consensus layer (Deneb). The Dencun upgrade also marked the start of the Surge phase of the Ethereum roadmap.   What is the roadmap for Ethereum?   The Ethereum roadmap is a strategic plan laid out by its co-founder to outline the future of Ethereum in the coming years. It is a dynamic document that is open to changes to achieve the goals of cheaper transactions, extra security, improved user experience, and future-proofing on the Ethereum network.   Ethereum 2. 0 is envisioned to be the backbone of decentralized technology and the upgrades... --- ### Crypto Market Analysis | 1 July 2024 - Published: 2024-07-01 - Modified: 2024-07-01 - URL: https://coinswitch.co/switch/market-analysis/1-july-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The EU's new Markets in Crypto-Assets (MiCA) regulation has taken effect, providing comprehensive legal and regulatory clarity for the digital asset market. MiCA aims to address the crypto industry's boom-bust cycles and give euro-denominated stablecoins a chance to succeed. It requires stablecoins to comply with e-money rules, enhancing consumer protection and setting a precedent for future crypto legislation globally. Separately, the US Securities and Exchange Commission (SEC) has sued Ethereum software provider ConsenSys, alleging that its MetaMask wallet service acted as an unregistered broker by offering the sale of securities. The SEC also targeted Ethereum staking services Lido and Rocket Pool, claiming their popular stETH and rETH tokens are unregistered securities. This lawsuit represents the SEC's latest attempt to regulate a broad swath of the crypto market as securities. In the US political arena, Kraken co-founder Jesse Powell donated $1 million, mostly in ether, to Donald Trump's 2024 presidential campaign. Powell joins other crypto leaders like the Winklevoss twins in backing Trump, who has emerged as a pro-crypto candidate. Trump has called for making all bitcoin in the US and positioning the country as a leader in crypto. However, this topic was absent from the first presidential debate against President Biden. --- ### Crypto Market Analysis | 28 June 2024  - Published: 2024-06-28 - Modified: 2024-07-01 - URL: https://coinswitch.co/switch/market-analysis/28-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Asset manager VanEck's filing for the first Solana (SOL) exchange-traded fund (ETF) in the US has sparked a 6% surge in SOL's price, pushing it to $148. This follows close on the heels of a similar Solana ETF launch in Canada. The SEC's approval of the first spot Bitcoin ETF and the anticipated approval of an Ether ETF signals a growing trend in crypto investment products. Analysts forecast that ETH ETFs could draw $5 billion within the first five months, driven largely by independent investment advisors and broker-dealer platforms. However, the absence of staking rewards might dampen the allure of these spot ETFs for some investors. In the bitcoin mining sector, CleanSpark has announced an all-stock acquisition of GRIID Infrastructure valued at $155 million. Following the news, GRIID's shares plummeted by over 50%, while CleanSpark's shares saw a nearly 4% increase, indicating the market views the acquisition as a distressed sale. This deal comes amid heightened M&A activity in the bitcoin mining industry post-halving. Meanwhile, in the first general debate of the 2024 US presidential election, crypto failed to make an appearance. The discussion barely grazed technology policy, leaving the digital assets industry out of the spotlight. --- ### Bollinger Bands Indicator: How to use BB indicator to trade cryptocurrencies - Published: 2024-06-27 - Modified: 2024-06-27 - URL: https://coinswitch.co/switch/crypto/bollinger-bands-indicator/ - Categories: Crypto - Tags: Bollinger Bands Indicator, Crypto Trading Stratergy, technical analysis Crypto trading is a fast-paced world with phases of extreme volatility punctuated by extended periods of bull runs and spiraling slumps. The volatile nature of crypto makes it ideal for trading opportunities. Seasoned crypto traders use technical indicators such as Bollinger Bands, Moving Averages, and RSI to decipher market trends.   Bollinger Bands indicator is a technical analysis tool that uses price volatility to provide probable entry and exit opportunities to crypto traders. Read on to learn more about how to use Bollinger Bands in trading. What are Bollinger Bands (BB)? John Bollinger created Bollinger Bands, a frequently used technical analysis tool, in the 1980s.   They are used to trade crypto and other financial assets to evaluate price volatility, ascertain price reversal points, and identify probable entry and exit points to make trading decisions.   The Bollinger Band indicator consists of three bands. Here is the significance of each band.   Middle band The middle band is the simple moving average (SMA) of the asset price for N periods. Generally, an SMA for 20 days is preferred. The middle line serves as the baseline indicator and helps traders identify the asset’s trend direction.   Upper band The upper band is calculated by adding two standard deviations to the middle band’s value. The upper band represents the asset’s expected price range and is considered the resistance level for the asset.   Lower band  The lower band is calculated by substarting two standard deviations from the middle band’s value. The lower... --- ### Crypto Market Analysis | 27 June 2024  - Published: 2024-06-27 - Modified: 2024-06-27 - URL: https://coinswitch.co/switch/market-analysis/27-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC traded sideways for another day as the recent price dump started to consolidate around the $60k mark. With the US expecting jobless claims data and PCE data tomorrow at 6. 30 PM IST, traders could expect a rather silent move in the world’s top crypto. There was recent news that the German government began selling BTC it recovered from seizing a dark website. Meanwhile, blockchain tracking firm ARKM intelligence reported that the US government is sending $240 million worth of BTC from the original dark web site Silk Road. This comes even as institutions are finally back buying the dip, inflowing $50 million in the last two days after 7 days of net outflows. --- ### Crypto Market Analysis | 26 June 2024 - Published: 2024-06-26 - Modified: 2024-06-26 - URL: https://coinswitch.co/switch/market-analysis/26-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin continues to hold the $61k mark. It’s only the second-highest gainer day in June so far as the overall market structure remains perfectly in balance for both bulls and bears to make their respective cases. However, the Bitcoin chart needs significant sell pressure on the downside to break the 4-month low of $56. 5k and is likely to test $70k again first. In altcoins, memecoins continued to dominate the top movers of the day, with Coinbase L2’s leading memecoin, BRETT, and Ethereum’s PEPE topping the charts. Both these memecoins are inspired by artist Matt Furie’s comic series, 'The Boy’s Club'. On the other hand, blockchain platform Solana (+1. 83%) recently introduced "Blinks" and "Actions," enabling users to trade their favorite memecoins directly from social apps like X. com. This new feature makes trading more accessible to the masses. --- ### Crypto Market Analysis | 25 June 2024   - Published: 2024-06-25 - Modified: 2024-06-25 - URL: https://coinswitch.co/switch/market-analysis/25-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news It was a rather unusual day for the crypto market. While Bitcoin (BTC) plummeted by over 8% at one point, altcoins showed resilience, maintaining their positions as BTC dominance decreased by nearly 1%. Despite being in a bearish trend for the last 18 days, BTC appears to have found support at $58. 5k. Before the daily closing candle, it managed a slight rebound above $60k. Bitcoin has gone below the 60k USD mark only once after February this year. The sharp decline in BTC prices may be linked to the upcoming repayments from the now defunct exchange Mt. Gox. Mt. Gox, which ceased trading in 2014, is expected to repay creditors with BTC and BCH worth over $9 billion, starting in July. However, some analysts predict that the actual Bitcoin sales could be less significant than the market currently anticipates. --- ### Crypto Market Analysis | 24 June 2024   - Published: 2024-06-24 - Modified: 2024-06-24 - URL: https://coinswitch.co/switch/market-analysis/24-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Bitcoin has fallen below $64,000 for the first time since mid-May, aligning with a broader market downturn as both the S&P 500 and Nasdaq Composite indexes also experienced declines. Analysts attribute this negative sentiment to concerns over a higher interest rate regime and a potential economic slowdown. Additionally, US spot bitcoin ETFs recorded their fifth consecutive day of outflows, which may have further pressured prices. Despite the recent pullback, Bitcoin remains up over 50% year-to-date and continues to trade well above its 2023 lows. This resilience underscores its ongoing appeal to investors. In a significant development, Standard Chartered, a major global bank, is establishing a spot trading desk for Bitcoin and Ethereum. This move reflects the growing institutional adoption of digital assets, with major financial institutions expanding their crypto offerings to meet rising demand. A report by McKinsey & Company projects that the tokenized asset market will reach around $2 trillion by 2030. Tokenization is expected to gain traction first in assets like mutual funds, bonds, and loans, while adoption for real estate, commodities, and equities will likely be slower. Another sign of increasing mainstream interest, Michael Dell, CEO of Dell Technologies, signaled potential interest in Bitcoin by retweeting a post from Bitcoin evangelist Michael Saylor. While Dell did not explicitly endorse Bitcoin, his engagement with pro-Bitcoin messaging suggests the billionaire tech executive may be warming up to the idea of the digital asset. --- ### Crypto scalping strategies to consider in 2024 - Published: 2024-06-21 - Modified: 2024-06-25 - URL: https://coinswitch.co/switch/crypto/top-crypto-scalping-trading-strategy/ - Categories: Crypto - Tags: Crypto Trading Stratergy, scalp trading, Scalping Trading Strategy In trading, strategy is king, be it day trading or long-term investing. Crypto intraday trading involves buying and selling crypto assets within the same day to benefit from price volatility. Crypto traders use various trading techniques like scalping trading strategy, swing trading, and narrative-based trading to maximize profits.   Scalping trading and swing trading are trading strategies based on technical analysis, while narrative-based trading is based on news and fundamental analysis. In this blog, we will discuss scalping trading strategy in detail and the best indicators for scalping. Let’s dig in to learn more.   What is scalp trading in crypto, and how does it work? Scalping trading strategy is a popular day trading tool where a trader will execute multiple trades to benefit from small price fluctuations. Here, the trader will exit a trade once it becomes profitable. While all trading strategies require discipline, scalping trading demands extra diligence and stringent risk management as the number of trades is large and the gains from individual trades are small. Scalp traders must stick to their trading system to avoid large losses that can wipe out profits and erode their capital.   Scalping trading strategies rely on low exposure as the time in the market for each trade is low, ranging from a few minutes to hours. The small trade duration reduces the risks arising from big market fluctuations. To be sure, scalping tends to capitalize on small movements, increasing the likelihood of profitability.   How to scalp trade in crypto... --- ### How to play & earn with Axie Infinity: A complete guide - Published: 2024-06-21 - Modified: 2024-06-21 - URL: https://coinswitch.co/switch/crypto/play-and-earn-with-axie-infinity/ - Categories: Crypto - Tags: Axie Infinity, AXS, Play to Earn GameFi, a niche segment in the Web3 gaming space, is all about blockchain games or play-to-earn games that allow users to earn crypto by playing games. Axie Infinity is a P2E game where players can earn in-game tokens SLP and AXS, besides earning staking rewards. Let’s learn more about this blockchain game that has upended the gaming industry.   What is Axie Infinity? Axie Infinity is a game built on the Ethereum blockchain that allows players to breed, raise, battle, and trade Axie creatures. Each Axie creature possesses unique traits and abilities in the Axie gaming ecosystem and players can shape their Axies via breeding and adding other accessories. The popular blockchain game was launched in 2018 by the Vietnamese firm Sky Mavis, drawing inspiration from the Pokemon game series.   Axie Infinity, which offers a unique blend of blockchain gaming with real-life reward mechanisms and a fun and immersive gaming experience, has attracted millions of users worldwide.   Axie Infinity tokens: AXS and SLP The Axie Infinity ecosystem has two in-game tokens, Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). Let’s learn about them in brief.   Axie Infinity Shards (AXS) AXS is the game’s native governance token that confers players voting rights on game-related decisions. Holders of AXS tokens hold governance rights and automatically become a part of Axie's decentralized organization, helping the overall development of the platform. Players can earn AXS by participating in in-game activities and competitions and also stake their AXS to earn staking... --- ### Crypto Market Analysis | 21 June 2024   - Published: 2024-06-21 - Modified: 2024-06-21 - URL: https://coinswitch.co/switch/market-analysis/21-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news In the past 24 hours, AI-themed tokens recorded remarkable gains, with some surging up to 35%, significantly outperforming the broader crypto market. Among the gainers were tokens such as Fetch. ai's FET, SingularityNET's AGIX, and Ocean Protocol's OCEAN. This rally aligns with a notable rise in Nvidia's stock, now the world's most valuable company, reflecting growing investor interest in AI-related technologies. In other news, MicroStrategy has expanded its Bitcoin holdings, acquiring an additional 11,931 BTC for $786 million. The acquisition brings the company's total holdings to 226,331 Bitcoin, valued at about $15 billion at current prices. Since 2020, MicroStrategy has been a key advocate for Bitcoin, aiming to establish it as a reserve asset for corporate treasuries worldwide. Additionally, Australia's largest equity exchange has launched its first spot Bitcoin (BTC) exchange-traded fund (ETF), signaling the beginning of a global Bitcoin ETF wave in the region. This development marks a significant milestone for crypto investment opportunities in Australia. In US election news, Gemini co-founders have donated $1 million each in Bitcoin to Donald Trump's presidential campaign. --- ### Crypto Market Analysis | 20 June 2024   - Published: 2024-06-20 - Modified: 2024-06-20 - URL: https://coinswitch.co/switch/market-analysis/20-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC consolidated in a very narrow range on Wednesday, with altcoins showing some strength after days of choppy trading. This comes as Bitcoin exchange reserves reach a three-year low, which means there could be a supply shock on the cards with the unprecedented demand for Bitcoin ETFs. In altcoins, the rally was led by AI tokens FET (20%) and AGIX (20%) as the biggest merger of crypto tokens to date of FET, AGIX, and OCEAN, has been postponed to July. This comes as Nvidia became the world’s largest company by market cap. --- ### The 10 best indicators for crypto trading & analysis - Published: 2024-06-19 - Modified: 2024-06-19 - URL: https://coinswitch.co/switch/crypto/10-best-indicators-for-crypto-trading/ - Categories: Crypto - Tags: crypto trading, technical analysis, Technical Indicators Crypto trading involves buying and selling crypto assets such as Bitcoin, Ether, Solana, and Doge. Crypto traders use crypto exchanges as trading platforms to benefit from crypto price fluctuations. The crypto market is a 24*7 global market where trades are settled in real-time. Crypto traders use technical analysis and market indicators to make trading decisions.   Trading indicators help traders analyze price movements to make informed trade decisions. Technical indicators give insights into trends momentum and volatility, enabling traders to anticipate market movements.   We have compiled a list of the best indicators for crypto trading. This blog post will equip you to interpret different trading indicators to help you in trading.   Crypto technical analysis: Trading indicators for crypto trading Technical analysis utilizes historical price and volume data to identify patterns and trends to get insights into future price movements of the token. Traders can use crypto chart analysis to spot potential trends, price support and resistance levels, gauge market sentiment, and much more. This empowers traders to make informed trading decisions, optimize their profits, and minimize the downside.   Some frequently used trading indicators include support and resistance levels, candlestick charts, and trend lines. Here are some of the best indicators for crypto trading, in no particular order.   1. Support and Resistance Levels Support and resistance levels are the most basic, yet highly effective technical indicators used by new and experienced crypto traders alike. Traders try to identify the support and resistance levels before entering into a... --- ### Crypto Market Analysis | 19 June 2024   - Published: 2024-06-19 - Modified: 2024-06-19 - URL: https://coinswitch.co/switch/market-analysis/19-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After a significant decline in most altcoins following Bitcoin's dip of over 3% to $64,000, support was found as Bitcoin rebounded to $65,500. Although Bitcoin appears slightly bearish on shorter time frames, it is performing well on weekly charts, indicating that the bull market is still ongoing. Bitcoin's dominance also remains steady at around 55%. The reversal was likely triggered by news from Ethereum developer Consensys that the US Securities and Exchange Commission is ending its investigation into whether ETH is a security and if sales of ETH constitute security transactions. --- ### Everything you need to know about Uniswap v4 upgrade - Published: 2024-06-18 - Modified: 2024-06-18 - URL: https://coinswitch.co/switch/crypto/uniswap-v4-upgrade/ - Categories: Crypto - Tags: uniswap, Uniswap V3, Uniswap v4 Uniswap protocol, the largest decentralized exchange (DEX), is the shining star of the Ethereum blockchain. Uniswap’s dominance in the DEX sector has been made possible thanks to a series of upgrades that significantly improved the platform. These upgrades optimize the protocols and expand the platform’s capabilities while maintaining its preeminent position in the decentralized finance (DeFi) space. This article will discuss the Uniswap V4 upgrade, the latest upgrade for the protocol, and the key benefits and innovations it will bring to the larger DeFi space.   What is Uniswap V4? Uniswap V4 is a major update on the Uniswap decentralized exchange which is set to revolutionize the DeFi sector by introducing new and improved features on the protocol. Uniswap V4, which is still in development, is built by the broader Uniswap community. It is slated for launch in the third quarter of 2024. Once launched, Uniswap will have exclusive access to their V4 innovations for four years, but all the code will be made open-source eventually. V4, the fourth major upgrade to the Uniswap protocol, aims to reduce gas costs and make liquidity pools more customizable. Key benefits and innovations of Uniswap V4 The Uniswap V4 brings several benefits and innovations to the Uniswap protocol and the automated market maker (AMM) system. Let’s look at some of these benefits. Hooks and customized pools One of the most impressive innovations of the Uniswap V4 is "hooks. " Essentially, hooks are customizable smart contracts that can be added to liquidity pools. This... --- ### Crypto Market Analysis | 18 June 2024   - Published: 2024-06-18 - Modified: 2024-06-18 - URL: https://coinswitch.co/switch/market-analysis/18-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Markets took a beating in the early hours today, Bitcoin slumped to its lowest price in a month below $65. 5k as altcoins bled further, with ETH losing 4% and SOL down more than 8%. The overall liquidations in the last 24 hours now stand at $480 million across exchanges as per the data from Coinglass. On the other hand, Tether, the world’s largest stablecoin issuer, is launching a new kind of digital asset called tethered assets. Its first launch would again be a stablecoin pegged to USD, but backed by physical gold stored in Switzerland. --- ### Crypto Market Analysis | 14 June 2024   - Published: 2024-06-14 - Modified: 2024-06-14 - URL: https://coinswitch.co/switch/market-analysis/14-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news SEC Chair Gary Gensler said Ether ETFs should be fully approved by September 2024. The final registration requirements for the ETFs are being handled at the staff level, and the process is working smoothly. This means that once the registration statements are approved, the new ETFs can be listed, allowing investors to easily trade funds that hold actual Ether. Despite this significant development, the crypto market remained in a slump. While Ether experienced a brief price surge following the news, it quickly reversed, and the broader market continued to face downward pressure. This can be attributed to the Federal Reserve's hawkish stance during its latest policy meeting, which hinted at only one rate cut in 2024. Additionally, soft economic data, including a decline in the Producer Price Index and rising jobless claims in the US, contributed to the market's negative reaction. Meanwhile, Curve's CRV token plummeted 30% yesterday after loans tied to its founder, Michael Egorov, faced liquidation risk. Egorov had taken out a cumulative loan of nearly $100 million in stablecoins against $140 million in CRV collateral. The liquidation of these loans put pressure on other DeFi protocols, causing CRV prices to fall. --- ### What is crypto swing trading? Top swing trading strategies to consider - Published: 2024-06-14 - Modified: 2024-06-14 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-swing-trading/ - Categories: Crypto - Tags: Crypto Swing Trading, crypto trading, Crypto trading stratergies Timing the market is passe, time in the market is in. If you are familiar with crypto trading strategies, you might have come across the term swing trading—a crypto trading strategy popular among crypto traders.   Let’s discuss swing trading and how it can help you capitalize on crypto market volatility one trade at a time. In this blog post, we will define crypto swing trading, list the five thumb rules of swing trading, compare swing trading with day trading, and take note of popular swing trading strategies used by seasoned traders. Read on to learn more.   What is swing trading? How does swing trading work? Swing trading, as the name suggests, is a crypto trading strategy that capitalizes on market swings or market volatility. It involves swinging from buying to selling at lows and highs of the market for a relatively short period, ranging from a few days to weeks.   Swing trading is a hybrid trading strategy falling between short-term “day trading” and long-term “trend trading” or “narrative trading”. Here, it is about buying a crypto asset at its support levels and selling it at its crest.   Most swing traders rely on technical analysis as the time frame is less. However, some traders also use fundamental analysis to factor in the latest developments. This helps them make the most of the price swings while ensuring that profits don’t slip away.   Five rules of swing trading Swing trading strikes a balance between risky intraday trading and... --- ### Crypto Market Analysis | 13 June 2024   - Published: 2024-06-13 - Modified: 2024-06-13 - URL: https://coinswitch.co/switch/market-analysis/13-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news In a topsy-turvy day in the market yesterday, Bitcoin after soaring to $70k on lesser-than-expected CPI data, fell back to the $67k level after the US Federal Reserve decided to keep interest rates unchanged and also projected only one rate cut in 2024. BTC first rose sharply in a few minutes to $70k in the evening, but a hawkish stance from the Fed chair in the evening erased all gains before the end of the day. On the upside, presidential candidate Donald Trump said that he wants all the remaining bitcoin to be made in the US as it would help the country remain energy-dominant. Bitcoin mining stocks gained more than 10% on this promise as people expect Trump to be elected president in November. --- ### Crypto Market Analysis | 12 June 2024   - Published: 2024-06-12 - Modified: 2024-06-12 - URL: https://coinswitch.co/switch/market-analysis/12-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With all eyes on US CPI Data and Fed interest rate decision today, the crypto market has already taken a beating, with Bitcoin holding fort at $66k. With the market expecting no rate cuts in the US, any sign of a rate cut could drive the market to bullish territories yet again. In altcoin news, the Polygon community treasury has promised 1 billion tokens over the next 10 years for incentivizing builders to build on top of the Polygon blockchain with season 1 consisting of distributing around 22 million dollars for the same. With MATIC underperforming against other crypto assets, this could give the project a much-needed boost. On the other hand, the much-awaited ZK-Sync airdrop is finally announced as the ZK-Sync tokens will be airdropped to more than 700,000 addresses after strict evaluation criteria. --- ### Crypto Market Analysis | 11 June 2024   - Published: 2024-06-11 - Modified: 2024-06-11 - URL: https://coinswitch.co/switch/market-analysis/11-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC failed to breach its all-time highs and fell by 2%, which indicates the market sentiment in the near short term. However, an analysis of price trends from 2011 till now shows that BTC has given a 104% CAGR, beating both the US stock market and Warren Buffett’s portfolio in returns. The broader altcoin market is displaying a downward trend. The recently launched memecoin NOT suffered the most, down 14% as traders booked profits in the TON’s top memecoin. Another famous memecoin, PEPE, was down 9%, with 24-hour overall crypto market liquidations reaching more than $150 million as per the data from Coinglass. --- ### Crypto Market Analysis | 10 June 2024  - Published: 2024-06-10 - Modified: 2024-06-10 - URL: https://coinswitch.co/switch/market-analysis/10-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Last Friday, Bitcoin's price dropped below $70,000, erasing most of its weekly gains. This steep decline was part of a broader crypto market selloff, triggered by an unexpectedly strong US employment report. The report revealed that 272,000 jobs were added in May, significantly surpassing the forecast of 185,000. This strong jobs report and higher-than-expected wage growth led to a sell-off in stock market futures and a surge in Treasury yields. The prospect of higher interest rates pressured Bitcoin, causing it to fall sharply from a two-month high, currently priced at $69,740. Additionally, Roaring Kitty's YouTube livestream failed to deliver any significant news, contributing to further losses. Notably, the GME meme coin plummeted 50% from its highs, with other meme coins also experiencing sharp declines. In the derivatives market, Bitcoin futures positions have reached a record high of $37. 7 billion, surpassing the previous peak set in March. The surge in open interest coincides with a streak of net inflows into spot Bitcoin ETFs, now extending to 18 days. Analysts at 10x Research predict a potential surge to $83,000, contingent on Bitcoin breaking above $72,000 to complete an inverted head-and-shoulders pattern. --- ### Crypto Market Analysis | 7 June 2024  - Published: 2024-06-07 - Modified: 2024-06-07 - URL: https://coinswitch.co/switch/market-analysis/7-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Yesterday, Bitcoin (BTC) surged to $71,700 following the European Central Bank's (ECB) rate cut. However, the rally was short-lived, BTC quickly fell and almost dipped below $70,000 before stabilizing slightly above that mark today. In the same period, Uniswap's token (UNI), Chainlink's LINK, and Near's NEAR all saw declines of 3%-5%. Semler Scientific, a medical device maker, has acquired an additional $17 million worth of Bitcoin, bringing its total holdings to $74 million. The company plans to raise $150 million to purchase more Bitcoin. This move follows Semler's previous $40 million investment in Bitcoin, which led to a 25% surge in its stock price. Meanwhile, GameStop stock surged 47% after influential trader Keith Gill, known as Roaring Kitty, revealed his $586 million position in the company. This sparked a rally in GameStop (GME) inspired meme tokens on the Solana blockchain, with the GME token soaring over 80%. Gill's return to social media after a three-year hiatus has driven the GME token up over 3,000% since mid-May, pushing its market capitalization past $120 million. --- ### Crypto Market Analysis | 6 June 2024  - Published: 2024-06-06 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/market-analysis/6-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With BTC being less than 4% away from its all-time high, options traders anticipate an imminent rally to $80k by the end of this month. With around 1. 5 billion dollars worth of shorts concentrated around the $72k mark, bitcoin bulls are waiting for a short squeeze. On the other hand, the Bank of Canada has reduced interest rates by 25 basis points, becoming the first of the G7 countries to start cutting rates, and other nations, including the US, could follow. Reduced interest rates are bullish for risky asset classes like Bitcoin. --- ### Crypto Market Analysis | 5 June 2024  - Published: 2024-06-05 - Modified: 2024-06-05 - URL: https://coinswitch.co/switch/market-analysis/5-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC price is rising as market sentiment is bullish with Ether ETF trading expected to commence soon. The Bitcoin ETF has now had 15 consecutive days of net inflows with BlackRock’s IBIT now holding more than $20 billion worth of assets under management for the first time, out of which around $2. 4 billion dollars coming in the last month, making it the third largest inflow in the entire ETF market. On the other hand, Binance’s native token BNB has reached an all-time high after gaining more than 11%, a day after its former boss CZ began his jail term in California, USA. However, the highlight of the day remained Telegram’s TON coin which also touched an all-time high after its native token NOT did a 4x in less than two weeks from listing. --- ### Crypto Market Analysis | 4 June 2024  - Published: 2024-06-04 - Modified: 2024-06-04 - URL: https://coinswitch.co/switch/market-analysis/4-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC steadied around the $69k mark, while the market structure looks poised for another leg up towards all-time highs it reached almost 3 months back. ETH also has found its base at $3800 and with ETH ETF trading expected to start in late June, there’s not much selling pressure expected either. For BTC, more institutions look to hold positions in the largest crypto. For instance, the state of Wisconsin which has invested a small portion of its pension fund in BTC, is expected to increase exposure through the spot bitcoin ETF product. Currently, the exposure stands at 0. 1% of its $156 billion in assets. --- ### Crypto Market Analysis | 3 June 2024  - Published: 2024-06-03 - Modified: 2024-06-03 - URL: https://coinswitch.co/switch/market-analysis/3-june-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news U. S. President Joe Biden vetoed a House Joint Resolution that aimed to repeal the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121. Under SAB 121, financial institutions holding crypto assets for customers can report these assets on their own balance sheets. Bitcoin's price action has been relatively muted last week, staying within the $67,000-$69,000 range. This stability coincided with struggles in other risk assets, including U. S. stocks. However, several reports indicate a softening of economic conditions in the states, which could improve prospects for lower interest rates. This development might serve as the catalyst for Bitcoin to attempt to breach its all-time high of over $73,000 set in March. Meanwhile, the Uniswap Foundation delayed a proposal upgrade vote that would have enabled rewards for UNI holders who staked and delegated tokens due to a new issue requiring further scrutiny. The postponement was deemed necessary to assess the proposed upgrade's impact thoroughly. As a result, UNI's value dropped by 8. 75%, falling to $10. 20. --- ### Crypto Market Analysis | 31 May 2024  - Published: 2024-05-31 - Modified: 2024-05-31 - URL: https://coinswitch.co/switch/market-analysis/31-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The TRUMP meme coin plummeted by up to 35% following the jury's verdict on all 34 counts in New York. Aptos will be the first blockchain to integrate Chainlink's services using the Move coding language. This development will enhance the capabilities of developers building decentralized applications (dApps) on the Aptos network. A16z and Ripple have each invested nearly $50 million into U. S. political action committees (PACs). Bitcoin remained steady at around $67,800, while altcoins like SHIB and DOGE dropped up to 5% ahead of today’s anticipated U. S. inflation data release. Traders are cautious, as higher-than-expected inflation could push Bitcoin down to $65,000. The yield on the U. S. two-year note is approaching 5%, which may draw investors looking to secure yields and hedge against a potential economic slowdown. On the other hand, Bloomberg analysts believe the listing of a spot Ether ETF by the end of June is a "legit possibility. " --- ### Crypto Market Analysis | 30 May 2024  - Published: 2024-05-30 - Modified: 2024-05-30 - URL: https://coinswitch.co/switch/market-analysis/30-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC found a trend line support at around $67k and is now all set to launch towards all-time highs once again, having just about 8% move remaining in the process. ETH bulls are unable to cross $3800 in the short term, and it seems like this mid-term pressure is the only thing between ETH reaching $5k and celebrating retail customers’ victory. Blakcrock also has filed its updated S1 form for its spot Ethereum ETF. On the Bitcoin ETF front, Blackrock’s IBIT becomes the largest holder of this instrument with them crossing Grayscale’s Bitcoin tally. On the other hand, popular AI tokens, FET, AGIX, and OCEAN have now announced the date of their merger, which is set to complete on June 13 with FET users being able to swap 1:1 to ASI from June 11 itself. --- ### Crypto Market Analysis | 29 May 2024  - Published: 2024-05-29 - Modified: 2024-05-29 - URL: https://coinswitch.co/switch/market-analysis/29-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After falling below 67. 5k USD, BTC recovered pretty quickly to regain the 68k USD mark as BTC continues to trade in the tight range it has formed. The selling pressure on BTC seems to come from the transfer of around 140k BTC worth more than 9 billion dollars from the now defunct Mt Gox exchange to an unknown address. Mt Gox, the biggest Bitcoin exchange back in 2014 is set to return Bitcoin holdings to its creditors by 31st October 2024. Since the buying price of these crypto lies around 700 dollars, the investors sitting at around 100x gains are expected to sell some of their holdings on receiving the Bitcoin back. With now deemed as a meme stock, GameStop rose 25% yesterday in the US, and several meme coins including DOGE, SHIB, and FLOKI also rallied with FLOKI hitting an all-time high. FLOKI had previously hit this level back in 2021 but had crashed more than 90% post that, which shows that meme coins are definitely going through a super cycle currently. --- ### Crypto Market Analysis | 28 May 2024  - Published: 2024-05-28 - Modified: 2024-05-28 - URL: https://coinswitch.co/switch/market-analysis/28-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC traded mostly flat yesterday in the 68. 6k USD to 70. 5k USD range as both bulls and bears tried to give a direction to the market, but failed to do so after the unexpected ETH ETF last week. For ETH, 4k USD is acting as a big resistance for the prices to go further up and test all-time highs of 4800 USD while support can be expected around the 3800 USD mark. The biggest mover yesterday remained Telegram’s hyper-casual gaming coin, NOTCOIN, pumping more than 50% in less than 24 hours as if to make a statement in the markets that Telegram’s TON is here to stay. On the other hand, Ethereum’s biggest protocol UNISWAP shares its balance sheet ahead of a voting proposal on fee distribution, showing they hold more than 41 million dollars in fiat and stable coins alongside 7. 8 million dollars worth of UNI. Uniswap is preparing to fight the SEC for the Wells notice it received from the regulator some time back. --- ### Crypto Market Analysis | 27 May 2024  - Published: 2024-05-27 - Modified: 2024-05-27 - URL: https://coinswitch.co/switch/market-analysis/27-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The ETH price, which was up more than 20% in the past week, fell 4% after the listing approval, mirroring the trend observed after Bitcoin ETF approvals earlier this year. If these ETFs gain approval for trading, we can anticipate a substantial influx of institutional capital. Standard Chartered projects potential inflows of up to $45 billion within the first 12 months. On Friday, popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) saw significant spikes following a tweet from Elon Musk about the passing of Kabosu, the dog that inspired these tokens. In a notable political development in the US, Donald Trump has announced his full support for crypto and self-custody. This move could help him attract pro-crypto voters. --- ### Crypto Market Analysis | 24 May 2024 - Published: 2024-05-24 - Modified: 2024-05-24 - URL: https://coinswitch.co/switch/market-analysis/24-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Yesterday, the US SEC approved eight Ethereum ETFs, leading to heightened price volatility in the crypto market. In the hour leading up to the approval, Ethereum (ETH) first dropped to $3,500 around the US market closing time. As unconfirmed reports of the approval began to surface, ETH touched nearly $3,900 before settling above $3,800 after the official confirmation. However, these ETFs are not yet cleared for trading. The issuers of spot ETH ETFs include BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy. In other news, the US House of Representatives voted to prevent the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC Anti-Surveillance State Act aims to block the US central bank from advancing efforts toward developing a digital dollar. Interestingly, the total crypto market volume over the last 24 hours is $142. 17 billion, marking a 45. 09% increase from the previous day. --- ### Crypto Market Analysis | 23 May 2024 - Published: 2024-05-23 - Modified: 2024-05-23 - URL: https://coinswitch.co/switch/market-analysis/23-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news With the deadline of ETH ETF application due today, markets have been rather silent for two days in a row now. While BTC is showing good support at 69k levels, 3. 8k USD is acting as a resistance level for ETH which needs to be broken. US Exchange NASDAQ has submitted an updated filing for BlackRock’s proposed ETH ETF, which again signals a potential ETF approval with several other exchanges also doing the same. Meanwhile, US presidential candidate Donald Trump’s campaign has begun accepting donations in crypto assets and has advocated for reducing government control over citizens' finances. This stance has garnered significant support from pro-crypto voters. --- ### Crypto Market Analysis | 22 May 2024 - Published: 2024-05-22 - Modified: 2024-05-22 - URL: https://coinswitch.co/switch/market-analysis/22-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Traders continued to rotate money from BTC to ETH with hopes of an ETH ETF approval this week remaining high. While BTC is taking support around the 69k USD mark, ETH has been rallying and testing the 3800 level. For ETH to go further, 4k USD is the critical level. With ETH and related coins rising, the total value locked in DeFi protocols also increased to 100 billion dollars, achieving this feat for the first time in two years with the leading protocols being Lido and Coinbase’s wrapped staked ETH. If the ETH ETF is approved, a new all-time high in TVL will not be a far-off dream. On the other hand, in the recently exploited popular gaming token GALA, the hacker has returned $23 million in ETH to the founders. GALA investor DWF Labs is also said to have purchased 28 million GALA tokens to alleviate market selling pressure. --- ### Crypto Market Analysis | 21 May 2024 - Published: 2024-05-21 - Modified: 2024-05-21 - URL: https://coinswitch.co/switch/market-analysis/21-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news On Monday, Bitcoin jumped more than 6% on international exchanges as 70k USD was breached fairly easily by the bulls only to reach the resistance of 72k USD after 40 days. However, this jump was led by ETH which rose more than 15% as ETH gains surpassed BTC by a distance after a long time. The major reason for ETH’s rise could be attributed to the Ethereum ETF deadline of May 23. While many analysts predicted that approval is highly unlikely for ETH ETF, the probability of an ETF approval suddenly jumped from 25% to 75%, according to Bloomberg analyst Eric Balchunas. This happened as the US SEC asked aspiring ether ETF exchanges to update 19b-4 filings ahead of the deadline. However, it is unlikely that the ETH ETF will be approved this week.  In fact, the SEC moving in a positive direction has triggered the market. With Ethereum on the move, other common layer-2 protocols built on top of Ethereum saw some gains, with ARB and OP leading the pack with more than 18% gains against USDT. --- ### Crypto Market Analysis | 20 May 2024 - Published: 2024-05-20 - Modified: 2024-05-20 - URL: https://coinswitch.co/switch/market-analysis/20-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news Over the weekend, Bitcoin (BTC) surged past the $67,000 mark for the first time in nearly a month. This swift change in sentiment comes on the heels of recent economic data indicating a softening in U. S. inflation, coupled with regulatory filings revealing significant interest in the relatively new spot Bitcoin ETFs. However, it still lagged behind other crypto tokens such as Chainlink (LINK), Ether (ETH), and Solana (SOL), which experienced more significant gains. In the global regulatory landscape, the crypto industry is actively pursuing Congress for new regulations. The House of Representatives is set to vote next week on the Financial Innovation and Technology for the 21st Century Act (FIT21), which could become the first major crypto-regulation bill to be approved. Meanwhile, Turkey has introduced a bill to regulate crypto businesses. The Capital Markets Board (CMB) will license and oversee these enterprises. --- ### Top 10 crypto airdrops expected in 2025 (Updated) - Published: 2024-05-17 - Modified: 2025-02-27 - URL: https://coinswitch.co/switch/crypto/crypto-airdrops-expected-in-2025/ - Categories: Crypto - Tags: Airdrops, crypto, crypto airdrop As new crypto tokens pop up now and then, crypto enthusiasts are eager to earn free cryptos via airdrops. Airdrops are one of the most exciting ways for investors to earn free tokens. Crypto projects reward early adopters for performing simple tasks like holding tokens, using platforms or engaging on social media. Let’s discuss the top 10 crypto airdrops anticipated in 2025 and how to become eligible for airdrops. What are crypto airdrops? Crypto airdrops are free giveaways of cryptos to the crypto community. Performing an airdrop is a business or marketing strategy. However, they reward participants generously, hence their popularity in the crypto space. Crypto airdrops can vary from new tokens to NFTs, where instant airdrops are sent to user wallets. However, participants must accomplish specific tasks to qualify for a crypto airdrop. Types of crypto airdrops: Standard airdrop: Receive free tokens by simply providing a valid wallet address. Bounty airdrop: Earn tokens by completing tasks like promoting the project on social media. Holder airdrop: Hold specific tokens to qualify; rewards depend on the amount and duration held. Exclusive airdrop: Tokens are given to selected participants based on reputation, influence, or contributions. The purpose of a crypto airdrop The purpose of a crypto airdrop depends on the specific project, but the goals are broadly the same.   To get people to talk about the crypto project and its related token. To garner the attention of participants in the crypto community. To promote projects and reward supporters. To build community... --- ### Crypto Market Analysis | 17 May 2024 - Published: 2024-05-17 - Modified: 2024-05-17 - URL: https://coinswitch.co/switch/market-analysis/17-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news In the last 24 hours, the crypto market traded sideways and consolidated in a tight range despite the US Senate voting against the SEC accounting rule. However, President Joe Biden has suggested to veto the resolution. Trading around $65. 4k and $2. 9k, BTC and ETH are down by 0. 8% and 1. 9% respectively. While the broader market is in the red, a clear outlier amid the leading cryptos is LINK (+13. 6%). The Depository Trust and Clearing Corporation (DTCC) in the US, along with Chainlink and major US banks, completed a successful pilot to accelerate the tokenization of funds. This collaboration is a step toward adopting blockchain technology in the traditional asset management sector. On the policy front, Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in these countries. Realizing that crypto cannot be governed by a single regulator, the Securities and Exchange Board of India (SEBI) has suggested that multiple regulators should oversee crypto trading in the country. The suggestion was submitted to a government panel responsible for advising the finance ministry on policy formulation. --- ### Top Layer 3 Coins to Consider for 2025 (Updated) - Published: 2024-05-16 - Modified: 2025-01-24 - URL: https://coinswitch.co/switch/crypto/top-layer-3-coins-to-consider-for-2025/ - Categories: Crypto - Tags: crypto, Layer 3, Layer 3 coins Cryptocurrencies come in all shapes and sizes and are often categorized based on their unique characteristics and use cases. Be it market leaders such as Bitcoin and Ethereum, stablecoins, or hundreds of trendsetting meme coins, crypto traders and investors are spoilt for choice. Yet, there are hidden gems to be found in distant corners of the crypto market. This blog post will discuss an often overlooked sector, the Layer 3-focused digital currencies.   Let’s dive into the Layer 3 space and explore the top coins dominating this space in 2025.   Understanding Layer 3 blockchain Designed to counter the limitations of Layer 1 and Layer 2, the Layer 3 protocol marks an advancement in blockchain technology. It is built on top of the technological foundation laid by Layer 2 and offers functionalities and performance improvement over the Layer 2 protocol. Put simply, Layer-3 blockchains offer interoperability, host application-specific dApps, and boost the performance of blockchain technology. Problems solved by Layer 3 blockchains Layer 3 protocols solve several limitations of blockchain technology, which include:  Scalability: Scalability is Layer 2’s thing, but Layer 3 makes the scalability of the blockchain ecosystem even greater by enabling high-volume transactions and complex applications, besides optimizing consensus mechanisms. Interoperability: What scalability is to Layer 2, interoperability is to Layer 3. Layer 3 solutions enable seamless data sharing, communication, and cross-chain collaboration between blockchains.   dApps support: Layer 3 has the provision to host specialized dApps with sophisticated functionalities and the ability to improve the overall blockchain... --- ### Crypto Market Analysis | 16 May 2024 - Published: 2024-05-16 - Modified: 2024-05-16 - URL: https://coinswitch.co/switch/market-analysis/16-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC had a massive green day on May 15, registering the highest one-day gains after almost two months. The spike was primarily due to the US CPI data that showed that inflation eased slightly in April, fueling investor expectations that a Fed interest rate cut might come in earlier than expected. One of the biggest gainers in the top 100 remained Fantom’s FTM as the layer 1 blockchain’s Sonic upgrade came closer to their claims to improve their transaction speeds by a factor of 10. The network will remain an EVM-compatible chain, competing with the likes of AVAX. On the other hand, the world’s second-largest asset manager Vanguard is set to change its CEO and the new incumbent Salim Ramji earlier led BlackRock’s ETF business. Experts believe the new CEO could eventually lead to the company offering Bitcoin ETFs. --- ### ​​A Starter’s Guide to Trading Order Types: Market, Limit, and Stop Orders in Crypto - Published: 2024-05-15 - Modified: 2024-06-03 - URL: https://coinswitch.co/switch/crypto/crypto-trading-order-types/ - Categories: Crypto - Tags: crypto trading, Crypto Trading Order Types, limit order Trading in financial instruments such as stocks and crypto is exciting. But before you dive in, it is important to understand different types of trading orders. Order types can be broadly defined as specific instructions on how to buy or sell crypto or stocks. In crypto trading, understanding the crypto trading order types can help new traders manage risks efficiently. Employing different trading order types for different trades can help traders maximize gains while minimizing risk.   This blog post will discuss different trading order types and how crypto traders can use these orders to devise trading strategies.   Trading Order Types Let’s understand what is a trading order before we dig deep into different trading order types. As mentioned above, trading orders are instructions for a broker or an exchange to execute a trade on your behalf. The trade order will specify the conditions such as price and timing under which the order should be executed.   All the trade orders will be recorded in the exchange order book. An exchange order book maintains separate lists of buy and sell orders for different trading pairs.   Pairs such as BTC/USDT, BTC/ETH, etc. ,  will have different order books. All open orders will stay in the order book until they are executed or canceled.   Now let’s dive deep into different trading order types and how they can be used with examples.   Market Orders What are Market Orders? A market order refers to instructions given by a trader to... --- ### Understanding HODLing, a trusted crypto investing strategy - Published: 2024-05-15 - Modified: 2024-06-03 - URL: https://coinswitch.co/switch/crypto/explaining-hodl/ - Categories: Crypto - Tags: crypto, crypto investment, HODL, HODLer HODL—an intentional misspelling of ‘hold’---was first used online in 2013 on the crypto forum Bitcointalk. A contributor on the forum posted how and why he was not going to sell his Bitcoin as he wasn’t a good trader. Instead, the contributor talked about HODLing his Bitcoin for a long time.   The misspelled word stayed and crypto HODLing became a popular crypto investment strategy. Interestingly, HODL’s expansion—hold on for dear life—was invented after the typo became popular. What is HODL in Crypto? HODL is a crypto investment strategy that involves buying and not selling a cryptocurrency even when the market is volatile. In other words, it is the crypto version of coffee can investing where investors buy a token with the intention of holding or HODLing it for a long time. The term HODLing was specifically coined for Bitcoin.   Bitcoin is the oldest and most valuable cryptocurrency, which makes it an investment-grade crypto worth HODLing to earn returns.   Essentially, the buy-and-hold strategy referred to by the term HODL will work for fundamentally strong tokens that have use cases in booming sectors such as Artificial Intelligence and Decentralized Finance. This is because HODL is an investment strategy and not a trading strategy. Therefore, the token should have a long-term use case, unlike penny tokens such as meme coins.   Day Trading vs. HODLing in Crypto Day trading and HODLing are two different crypto trading strategies. While HODLing means buying a cryptocurrency with a long-term investment purpose, day trading involves... --- ### Mastering Risk Management in Crypto Trading: A how-to guide - Published: 2024-05-15 - Modified: 2024-06-03 - URL: https://coinswitch.co/switch/crypto/risk-management-in-crypto-trading/ - Categories: Crypto - Tags: crypto trading, Risk Management in Crypto Trading Crypto trading is fast emerging as an alternative to trading in equities. While the popularity of crypto trading is on the rise, trading is said to be one of the toughest ways to earn a living. Therefore, it would be prudent to learn risk management in crypto trading.    Yet, the concept of risk management in crypto trading is poorly understood. Let’s learn how crypto trading risk can be managed by avoiding common mistakes.   Understanding Crypto Trading  A cryptocurrency is a virtual digital asset (VDA) that operates on a decentralized blockchain. Crypto trading involves buying and selling these digital assets on popular crypto exchanges such as CoinSwitch.   A trader of financial assets will make money when the market is volatile. The crypto market is known for its temperamental nature and volatility. This swing in the market offers potentially profitable opportunities to traders. However, market volatility also poses risks, and trading risks are amplified by leverage traders.   This is why aspiring crypto traders and existing ones should have extensive knowledge of risk management in crypto trading before putting money on the market.   Top Risks in Crypto Trading  Understanding the types of risk associated with crypto trading will help traders devise strategies to minimize risks. Here are some of the most common risks associated with the crypto market: Market Sentiment and Volatility Risks Crypto markets are still developing, making them highly reactive to new developments. The volatility in the market can eat up your gains as well as... --- ### What is decentralized crypto ETF? Does it deserve the hype? - Published: 2024-05-15 - Modified: 2024-05-15 - URL: https://coinswitch.co/switch/crypto/what-is-decentralized-crypto-etf/ - Categories: Crypto - Tags: crypto, Decentralized crypto ETf, ETF The launch of the first spot crypto ETFs in the US made headlines in January 2024. However, these centralized ETFs are managed by banks and financial institutions, bringing the largely unregulated crypto assets under the ambit of traditional finance. Interestingly, this development gave birth to the concept of decentralized crypto ETFs. A decentralized crypto ETF is not controlled by a traditional financial institution, something that brings it closer to the original decentralized nature of cryptocurrencies. Decentralized crypto ETF is a groundbreaking financial concept that has the potential to revolutionize the crypto investment landscape. Let's dive in to understand what is a decentralized crypto ETF and how it works.   In just over a decade, we have seen multiple new crypto projects endorsing different ideologies and narratives being launched in the crypto space. What is a Centralized Crypto ETF? Let's understand what is an ETF before getting to know what centralized crypto ETFs are.   An ETF is a basket of securities that trade on the index, just like stocks. ETFs have an underlying asset and the aim is to track the performance of that asset or outperform the underlying asset.   Some popular traditional or centralized ETFs are index ETFs, gold ETFs, and sectoral ETFs such as infrastructure ETFs.   A centralized crypto ETF is a traditional ETF with a crypto as its underlying asset. It is managed by a financial institution, hence known as a centralized crypto ETF. The spot Bitcoin ETFs approved in the US and the spot... --- ### Crypto Market Analysis | 15 May 2024 - Published: 2024-05-15 - Modified: 2024-05-15 - URL: https://coinswitch.co/switch/market-analysis/15-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto Trading around $61. 8k, BTC (1. 1%) was unable to sustain the gains from the day before and faced downward pressure in the last 24 hours. The overall crypto market is also down by 1. 4%, with many attributing it to April’s higher-than-expected wholesale inflation data. The market dip also triggered $144 million in liquidations in the last 24 hours, including $114 million in long liquidations. We can expect further volatility in the market ahead of the US CPI (Consumer Price Index) data. The CPI data that will be released today is expected to increase by 3. 4% Y-o-Y in April, compared to 3. 5% in March. In the US, the state of Wisconsin became the first state to disclose the purchase of Bitcoin after it highlighted the purchase of over 94k shares of BlackRock’s iShares Bitcoin Trust (IBIT) in the first quarter of the year. The markets reacted positively to this development, but the narrative soon shifted to the expected inflation data. --- ### Crypto Market Analysis | 14 May 2024 - Published: 2024-05-14 - Modified: 2024-05-14 - URL: https://coinswitch.co/switch/market-analysis/14-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After showing two days of closed-range sideways movement, BTC finally gained some momentum as it briefly crossed $63k and appears set for another leg up with $60k as firm psychological support on the downside. The biggest gainer in the last 24 hours was the memecoin PEPE as it crossed its all-time high coinciding with the return of GameStop trader known under the name “Roaring Kitty” on X. The investor, Keith Gill, spearheaded the meme stock rally in 2021 that spilled over into the crypto world. Since Gill was the primary reason why memecoins ran hard during that time, all top memecoins showed strength. --- ### What is the head and shoulders pattern in crypto & how it can help you? - Published: 2024-05-13 - Modified: 2024-05-13 - URL: https://coinswitch.co/switch/crypto/head-and-shoulders-pattern/ - Categories: Crypto - Tags: crypto, head and shoulders pattern, technical analysis The cryptocurrency market is a very volatile space where the prices of cryptos fluctuate. While it is difficult to gauge the exact price trends of digital assets, there are tools to help investors navigate the twists and turns of the market. Technical analysis is a trading method that involves monitoring price movements and trading volume of cryptos to predict future price movements. One such market chart is the head and shoulders pattern, a tool used for technical analysis in crypto. The head and shoulders pattern is a reliable guide for crypto investors. However, learning to decipher these patterns is important. This blog post will discuss everything about head and shoulders patterns in crypto. What is a head and shoulders pattern? The head and shoulders pattern is a market chart that crypto traders use to identify price reversals. The head and shoulders pattern is exactly what the term indicates. It resembles a baseline with three peaks with the middle topping the other two. The pattern resembles a left shoulder, head, and right shoulder, hence the term head and shoulders. This pattern on a chart mostly indicates the reversal of an upward trend. Seasoned investors would know that in crypto, upward trends are known to turn sour.   So, if you see this pattern in crypto it means only one thing—the bullish trend is ending and a bearish trend will likely take over.   How to identify a head and shoulders pattern? A head and shoulders pattern is easy to identify. All... --- ### Crypto Market Analysis | 13 May 2024 - Published: 2024-05-13 - Modified: 2024-05-13 - URL: https://coinswitch.co/switch/market-analysis/13-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news The crypto market appears to be in a lull, with many major cryptos consolidating for the last few weeks. Top cryptos by market cap were rangebound over the weekend. However, investor interest continues to stay positive, with the index still in the “Greed” zone. Trading around $60. 9k, the blockchain activity on the BTC (-0. 1%) network signals low participation, with transactions on the BTC network facing a dip. However, in the latest set of predictions of BTC prices in the future, Jack Dorsey Dorsey believes that BTC will go beyond $1 million in 2030. Current trading sessions mirror the stretch between April and September 2023 when Bitcoin remained stagnant in the $25k-$30k range for six months. After this period, BTC went on to hit its all-time high, while the larger markets rallied. --- ### Are Layer 3 Protocols Really Important For Blockchain? - Published: 2024-05-10 - Modified: 2024-05-10 - URL: https://coinswitch.co/switch/crypto/are-layer-3-protocols-really-important/ - Categories: Crypto - Tags: crypto, Layer 3, Layer 3 Protocols Blockchain is a digital database or ledger shared among a computer network’s nodes. Blockchains can be used in any industry to secure data, but they are best known for maintaining a record of transactions in the crypto industry. Though blockchain technology was first conceived in 1991, its first real-world application came with the launch of Bitcoin in January 2009. For instance, Bitcoin transactions are recorded on the Bitcoin blockchain. Blockchain networks are segmented into different layers like Layer, Layer 2, and Layer 3 which handle various functions like data storage and user-facing applications. Bitcoin and Ethereum, for example, are layer 1 or L1 protocols. The more advanced Layer 3 protocols, with use cases like DeFi applications and blockchain gaming, also endow blockchain networks with cross-chain capabilities.    As the blockchain evolves rapidly, let’s understand the different architectural structures of blockchain technology. The three layers of blockchain: Layer 1, Layer 2, and Layer 3 Layer 1, Layer 2, and Layer 3 represent the different architectural layers in blockchain technology. The three layers of blockchain signify the evolution and improvement of each layer, offering specific purposes and functionalities. The ultimate aim of all layers is to make the blockchain technology better. Let’s understand them in detail.   Layer 1  Layer 1 represents the underlying infrastructure for blockchain. This layer includes networks like Bitcoin, Ethereum, and Cardano. Layer 1 handles major functionalities in the blockchain like block creation, consensus mechanisms, transaction validation, and smart contract execution. Any changes in the layer 1 protocol... --- ### Crypto Market Analysis | 10 May 2024 - Published: 2024-05-10 - Modified: 2024-05-10 - URL: https://coinswitch.co/switch/market-analysis/09-may-2024-2/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news In the last 24 hours, the crypto market was up on the back of the US weekly jobless claims report that showed a rise in jobless claims, a signal that the labor market was cooling. Leading cryptos by market cap surged in prices as the data fueled hopes of rate cuts among risk-on investors. Bitcoin (BTC, +2. 2%) price stabilized around $60. 6k before rebounding from its corrective phase that lasted 3 days. This could be the beginning of BTC’s recovery wave, but the bears might remain active near the $63. 2k resistance zone. In the meme coin universe, DOGE (+2. 5%) was the outlier. Additionally, VanEck's MarketVector has launched a new memecoin index, tracking the largest meme coins including DOGE, SHIB, FLOKI, WIF, and BONK. The index is up 195% on a yearly basis. Giving a general perspective, Santiment, an on-chain analytics firm, underlined that investor sentiment toward leading cryptos is still negative. It further adds that the mood has dramatically shifted since Bitcoin's halving event before which an overtly "greed" sentiment dominated the market. --- ### Metaverse vs. Virtual Reality (VR): Understanding the Key Differences - Published: 2024-05-09 - Modified: 2024-06-03 - URL: https://coinswitch.co/switch/crypto/metaverse-vs-virtual-reality-vr/ - Categories: Crypto - Tags: metaverse, Metaverse cryptos, Virtual Reality (VR) Words like metaverse, Virtual Reality (VR), AI, and blockchain have dominated discussions around the tech space over the past few years. With the next iteration of the internet, Web3, set to take the world by storm, cryptos, metaverse, and VR are poised to play a vital role.   While metaverse and VR redefine how people interact in the digital space, they are not the same. This blog post will discuss the meaning and definition of these and also try to explain the differences and similarities. Let’s dig in.   Defining the Metaverse The metaverse is a virtual shared space for technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI), the Internet of Things (IoT), and blockchain. It is where all these futuristic technologies interoperate by combining physical technology like computers and VR headsets with virtual space.   Think of it like the blockbuster movie ‘Avatar’, where the protagonist enters the imaginary world of Pandora and transfers his consciousness to the blue-skinned Na'vi using VR headsets and pods. But unlike the movie, in the metaverse, you can only create a virtual avatar (nope there is no consciousness transfer). However, users can interact with it in real time. Users can engage in several activities in the metaverse like attending virtual concerts, gaming, working, endorsements, etc. Big companies like JP Morgan, Adidas, and Nike have invested in the metaverse. The list also includes Meta (Formerly Facebook) founder Mark Zuckerberg. The name change signaled Zuckerberg’s intention to reposition the company around the... --- ### Crypto Market Analysis | 09 May 2024 - Published: 2024-05-09 - Modified: 2024-05-09 - URL: https://coinswitch.co/switch/market-analysis/09-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC continues to struggle as it forms the third red candle in a row, with the price briefly trading below $61k. With the $60k price mark acting as a psychological support level, markets are more likely to be bullish than bearish. The sectors in focus are memecoins and AI-focused coins, which have seen the maximum growth in this cycle so far. In other news, there is some positive development around the now-defunct cryptocurrency exchange FTX. According to the latest draft recovery plan, about 98% of the creditors are expected to receive 118% of what they had lost. --- ### How the Crypto Fear and Greed Index Influences the Crypto Market - Published: 2024-05-08 - Modified: 2024-05-08 - URL: https://coinswitch.co/switch/crypto/crypto-fear-and-greed-index-2/ - Categories: Crypto - Tags: Bitcoin Fear and Greed Index, Crypto Fear and Greed Index The crypto market price movement is dependent on several factors. While technical and fundamental factors are talked about a lot, behavioral factors are the ones that get overlooked when discussing crypto market price slumps and spikes. The crypto fear and greed index gives an insight into the sentiments of market participants. The crypto fear and greed index gauges the market mood vis-a-vis human emotions of fear and greed.   Read the article below to learn more about the crypto fear and greed index, how it is calculated, and how it can impact buy and sell decisions. The Concept of Crypto Fear and Greed Index Fear and Greed are two dominant human emotions that drive the crypto market. A negative tweet on crypto on X (formerly Twitter) can drive the market down, while a positive speculative news update can send crypto prices soaring.   In crypto slang, the acronym FUD (fear, uncertainty, and doubt) denotes misinformation or propaganda against a particular token or certain types of tokens. Such negative information evokes the fundamental human emotion of fear. Therefore, fear is typically associated with declining prices where the market participants worry about making losses and losing their capital.   On the other hand, greed is the dominant market emotion in a bullish market where the market participants are willing to accumulate more assets. Greed is followed by another kind of fear, i. e. , FOMO (fear of missing out) where the participants fear missing out on gains.   The fear and greed... --- ### Is It Too Late to Buy Dogecoin in 2024? - Published: 2024-05-08 - Modified: 2024-05-10 - URL: https://coinswitch.co/switch/crypto/is-it-late-to-buy-dogecoin-in-2024/ - Categories: Crypto - Tags: altcoin, crypto, Dogecoin Dogecoin is the first meme coin ever created. Launched in 2013, Doge is now a decade old and enjoys significant popularity among crypto enthusiasts. Dogecoin is currently the 8th largest crypto by market capitalization. So, is it too late to buy Dogecoin now? Can an investor still jump on the Dogecoin bandwagon and benefit from the Dogecoin price gains? Let’s find out.   Is It Too Late to Buy Dogecoin? A discussion Dogecoin is an open-source, peer-to-peer cryptocurrency created as a lighthearted alternative to pioneering cryptos such as Bitcoin and Ether.   It may not be too late to buy Dogecoin, after all. First, the cryptocurrency market is buoyed by the broader acceptance of cryptos as an investment alternative. The increased acceptance of cryptos is being led by the Bitcoin ETF approval in the US, followed by Bitcoin and Ethereum ETF approval in Hong Kong. The Bitcoin halving event has further boosted the global crypto narrative.   Crypto experts believe that Bitcoin and Ethereum are all set for a bull run and the broader crypto market will also benefit from the gains. Additionally, the popularity of memecoins in general favors DOGE, not to mention the backing of Elon Musk. This makes Dogecoin worth buying.   Dogecoin Price History Dogecoin debuted in 2013 and turned 10 in December 2023. Doge prices have been volatile for most of its history.   Doge hit its lowest of $0. 0000869 on May 6, 2015, and then rose to its all-time high of $0. 74... --- ### Top 10 altcoins to consider in 2025 (Updated) - Published: 2024-05-08 - Modified: 2025-01-17 - URL: https://coinswitch.co/switch/crypto/top-10-altcoins-to-consider-in-2025/ - Categories: Crypto - Tags: altcoins, crypto, Top 10 Altcoins Diversifying a crypto portfolio is not just a trading strategy, but a prudent way of enhancing your investment returns. Yet, diversification is easier said than done, with countless digital assets to choose from. Typically, the altcoin sector is on crypto investors’ radar when it comes to diversification. Furthermore, altcoins have a history of bringing cheer to crypto investors during broader crypto market corrections.   The potential of altcoins to deliver high returns makes them a compelling choice for portfolio growth. Before we discuss the top altcoins for 2025, let’s understand altcoins. What is altcoin?   Altcoins, short for alternative coins, are coins that are alternatives to the pioneering crypto, Bitcoin. Altcoin is a portmanteau of "alternative" and "coin. ” Put simply, altcoin refers to all crypto other than Bitcoin. Any crypto that is not Bitcoin is an altcoin. There are various theme-based altcoins such as stablecoins, AI tokens, gaming tokens, and meme coins.   You can trade in altcoins on crypto exchanges like CoinSwitch seamlessly. Read on to learn more about the top 10 altcoins in 2025. (The ranking of cryptos mentioned below is as of January 2025) Top altcoins to consider In 2025 While OG altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP) are all-time investor favorites, several new altcoins have the potential to deliver superior returns. Here are the top altcoins for you to consider in 2025:  OG altcoins  Ethereum (ETH)Rank: #2 After market leader Bitcoin, Ethereum is the crypto preferred by investors. To be sure, Ethereum... --- ### Crypto Market Analysis | 08 May 2024 - Published: 2024-05-08 - Modified: 2024-05-08 - URL: https://coinswitch.co/switch/market-analysis/08-may/ - Categories: Crypto Market Analysis - Tags: crypto news, market update Markets were lower for the second day after BTC failed to cross the $65k mark a couple of days back. The next immediate line of support for BTC stays around the $62k mark, which, if breached, could take the price back to the recent low of $57k. In positive news, Ethereum L2 Arbitrum achieved a significant feat with the total traded volume on Uniswap hitting $150 billion, making it the only layer 2 to do so. Arbitrum also has the largest TVL among all L2 solutions. --- ### Watch out for these crypto scams in 2025: A step-by-step guide (Updated) - Published: 2024-05-07 - Modified: 2025-02-11 - URL: https://coinswitch.co/switch/crypto/crypto-scams-in-2025/ - Categories: Crypto - Tags: crypto, crypto scams Like all financial assets, investing in crypto involves market-related risks. However, the bigger risk concerns scams and other exploits targeting novice and seasoned traders alike. Sadly, as technology advances, scammers develop newer, harder-to-detect methods of fraud.   In such a market, how can you stay safe and avoid bad actors that could potentially drain your funds? While there is no single foolproof solution, precaution and awareness, along with following some of the time-tested security practices, can help you navigate the crypto market safely. Let’s discuss some of the potential crypto scams in 2025 and how to avoid them. Crypto scams to watch out for in 2025 As the crypto market evolves rapidly, giving traditional financial products a run for their money, scammers devise smarter ways to dupe investors. Let’s look at some of the crypto scams to watch out for in 2025:  1. Rug pulls & honeypots Rug pulls and honeypot scams are some of the most common scams in the crypto market. While they are often used in correlative scenarios, they are actually different. For starters, rug pulls involve developers creating a new token, making it popular to attract crypto investors. Once the value of the token goes up, they cash out, leaving investors with worthless coins. On the other hand, honeypots involve deceiving investors by making them buy crypto that they can never sell via smart contract restrictions. How to avoid:  Ensure that the project you are interested in is transparent about the founders, goals, and future roadmap.... --- ### Top 10 Crypto with the Highest Market Cap, Price & Trade Volume in 2024 - Published: 2024-05-07 - Modified: 2024-05-07 - URL: https://coinswitch.co/switch/crypto/crypto-with-highest-market-cap/ - Categories: Crypto - Tags: crypto, market cap, trading volume Generally speaking, market capitalization, or market cap, helps investors evaluate a company’s worth. Simply put, the number of outstanding shares multiplied by the value of one share will give you the market cap. Likewise, the crypto market cap is the number of crypto in circulation multiplied by the price of one crypto. Crypto market cap is a main factor that makes crypto coins popular among investors. While market cap is one of the most defining factors determining a crypto’s market value, trading volume and price also play a vital role in the crypto's overall ranking. Keeping this criteria in mind, let us first understand the difference between market cap and trading volume before we list out the top 10 cryptos by market cap.   Difference between market cap and trading volume  Market cap and trading volume are two important metrics that determine the value of a cryptocurrency. While both are important metrics, they represent different aspects of the market. Market capitalization or market cap is a term common in traditional finance and crypto that represents the total value of a specific crypto. It is calculated by multiplying the current price of a token by the total number of coins in circulation.   Trading volume, on the other hand, is the sum of all buy and sell transactions of a cryptocurrency measured daily. It represents the coin or token's activity and liquidity in the crypto market. The trading volume can vary daily depending on the specific crypto's performance and investors' buy-and-sell... --- ### Crypto Market Analysis | 07 May 2024 - Published: 2024-05-07 - Modified: 2024-05-07 - URL: https://coinswitch.co/switch/market-analysis/07-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news After crossing $65. 5k yesterday, BTC fell back sharply to briefly trade below $63k. However, it is getting support from long-term trends as money started flowing back into BTC through ETFs with all spot BTC ETFs, including Grayscale, recording their first-ever net inflows. In other major altcoin news, BlackRock’s BUIDL fund, through Securitize markets, has posted a proposal on the Arbitrum governance forum. The proposal, if accepted, would mean that the world’s largest asset manager’s crypto fund will be on two chains, Ethereum and Arbitrum. This could likely be bullish for Arbitrum which is sitting at quite a low price from its recent highs. On the other hand, the US SEC has issued a Wells notice to the Robinhood crypto exchange alleging that Robinhood is providing customers with digital assets which they categorize as securities, without registering with the market regulator. --- ### Crypto Market Analysis | 06 May 2024 - Published: 2024-05-06 - Modified: 2024-05-06 - URL: https://coinswitch.co/switch/market-analysis/06-may-2024/ - Categories: Crypto Market Analysis - Tags: Crypto Market Analysis, Crypto today The crypto market has rebounded from last week’s dip on the back of the recent US jobs data that was much lower than the forecasts and signals a slowing economy. Inflation is expected to moderate in a slowing economy, leading to lower interest rates. The top 10 cryptos by market cap are trading in the green. Additionally, recent market trends indicate a balance between price shifts and liquidations, signaling market stabilization. BTC seems to be consolidating around $64k. However, the key resistance level remains around $65k. In other news, the Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF in terms of assets, witnessed an increase in investor funds over the weekend, marking its initial daily increase since its launch in January. --- ### Market Analysis | 03 May 2024 - Published: 2024-05-03 - Modified: 2024-05-03 - URL: https://coinswitch.co/switch/market-analysis/03-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update, news BTC (+3. 6%) seems to be in its ‘post-halving danger zone’ as it exhibits a similar trend of downside volatility as during the halving that happened in 2016. It is crucial for BTC to maintain the $58k level in order to potentially avoid an extended decline. Simultaneously, while spot BTC ETFs saw a combined outflow of $563 million on Wednesday, BlackRock predicts that there will be a new wave of inflows from different types of investors, including sovereign wealth funds, pension funds, and endowments. The company expects a pent-up demand for BTC exposure via the ETFs. In other news, MicroStrategy (MSTR), the largest corporate holder of Bitcoin, has announced that it plans to create a decentralized identity service using Ordinals inscriptions. This service will offer secure, immutable identities via the Bitcoin blockchain. --- ### The Top 10 Cryptocurrencies in India With Price - Published: 2024-05-02 - Modified: 2024-05-02 - URL: https://coinswitch.co/switch/crypto/top-10-cryptos-prices-in-india/ - Categories: Crypto - Tags: cryptocurrencies, Top 10 Cryptocurrencies, Top 10 Cryptocurrencies in India India is a leading market for crypto investments. More than 20% of crypto investments in the country are concentrated in the cities of Delhi, Bangalore, and Mumbai. India’s largely young crypto investors—-below the age of 35—invest mainly in Dogecoin (DOGE), Bitcoin (BTC), and Ethereum (ETH), according to CoinSwitch’s Year End Crypto Portfolio Report 2023. Given the popularity of digital assets in the country, it would be interesting to list the different types of cryptocurrency in India. This blog post will discuss the top 10 cryptocurrencies popular in India.      Top 10 cryptocurrencies in India  The Indian crypto market has kept pace with its global counterpart, giving traditional investment vehicles a run for their money. The following are the cryptos that figure in the top cryptocurrency list. Note: All crypto prices mentioned below are as of April 24, 2024.   1. Bitcoin (BTC) Current price: $65,039 The first on our list and the most obvious one is Bitcoin (BTC). Popularly recognized as the original crypto, Bitcoin is still the top crypto by market cap with its market cap dominance at 53. 5%. Despite having a turbulent price history, BTC is ahead of gold in terms of returns, highlighting the crypto's momentous growth in just over a decade. While buying a whole Bitcoin may not be possible given its current price of ₹5,506,269 ($66,644), investors can buy a fraction of BTC for as low as ₹100 from crypto platforms like CoinSwitch.   2. Tether (USDT) Current price: $0. 99 Tether is a... --- ### Top 10 AI Crypto Coins That Are Game-Changers - Published: 2024-05-02 - Modified: 2024-05-02 - URL: https://coinswitch.co/switch/crypto/top-10-ai-crypto-coins-in-2024/ - Categories: Crypto - Tags: AI Crypto, AI Crypto Coins, AI Tokens Cryptos are often grouped into different categories. For instance, we have the pioneering crypto Bitcoin, altcoins, metaverse tokens, NFT tokens, and more. Recently, AI tokens have gained traction. With the boom in AI, AI cryptos have made their mark in the crypto space. Before we discuss some of the top AI cryptos, let’s understand the basics first. What are AI tokens? AI tokens are digital assets used in AI-based projects on the blockchain. AI cryptos represent the best of both artificial intelligence (AI) and blockchain technology, the two most innovative technologies in the present time. Combining the decentralized and secure nature of blockchain with AI, a new breed of crypto has emerged known variously as AI crypto coins, AI tokens, or artificial intelligence cryptocurrency coins Snapshot of Trending AI Crypto Coins  With AI booming, AI cryptos have made their presence felt in the broader crypto market. Let’s take a look at some of the top AI cryptos in the market today.   Note: The crypto ranking and prices are as of 25 April 2024. They are subject to change depending on the market movement.   Internet Computer (ICP) Current price: $13. 58 Rank: 19th The Internet Computer (ICP) is a decentralized platform that offers fast, secure, and scalable alternatives to the current Internet infrastructure. The network is known for decentralization which enables it to function without centralized servers. ICP is the native token of the Internet Computer ecosystem that plays a vital role in governance, controlling resources, deploying smart contracts,... --- ### Market Analysis | 02 May 2024 - Published: 2024-05-02 - Modified: 2024-05-02 - URL: https://coinswitch.co/switch/market-analysis/02-may-2024/ - Categories: Crypto Market Analysis - Tags: crypto, market update After 7 straight green months in a row, BTC formed a red monthly candle for April. BTC is currently trading in a bearish channel, a falling wedge, which although usually breaks out on the upside but can take time before doing so. This happened as Blackrock’s Bitcoin ETF, iBIT, saw its first outflow day with a net $37 million in outflows as all bitcoin ETFs saw more than half a billion dollars of outflow yesterday. In the last 24 hours, the Federal Reserve of the US also announced its interest rate decision, with the Fed deciding not only to keep the interest rates unchanged but also saw that it is quite unlikely the rate cuts happen anytime soon. This caused the markets to behave negatively. Even as BTC looks bearish, the layer-2 category crypto were net bullish with Optimism leading the charge with a 7% increase in the price in last 24 hours. --- ### Top crypto narratives in 2025 for narrative-based trading (Updated) - Published: 2024-05-02 - Modified: 2025-01-10 - URL: https://coinswitch.co/switch/crypto/top-5-crypto-narratives-in-2025/ - Categories: Crypto - Tags: AI Tokens, crypto, Crypto Narratives, crypto trading Financial markets—both traditional and others—have a tendency to latch on to trending themes and the prevailing news cycle. In the dynamic and ever-evolving crypto market, Internet and social media trends play a vital role. In the past year, the crypto sphere witnessed the emergence of viral animal-themed meme coins such as MOODENG and Simon's Cat (CAT). The cryptos mentioned skyrocketed, showcasing the power of narrative-based trading. But, what is a narrative in crypto?   What is a narrative in crypto? A narrative is a story or idea that influences investor decisions. A crypto narrative is a story or theme that impacts crypto trading and investment decisions.   One can spot trending crypto narratives by the increasing popularity of a particular group of cryptos, driven by increased adoption and intense blockchain activity.   Here are a few examples of news that can act as catalysts: The rise in the popularity of AI led to a rally in AI tokens Increased adoption of real-world asset (RWA) tokenization boosting interest in RWA tokens.   What is narrative-based trading? Narrative-based trading is a strategy that involves trading and investing in crypto assets based on trending news stories, evolving themes, and prevailing market sentiment. Typically, crypto narratives are shaped by social media and news outlets.   A narrative-based crypto trader needs to stay updated about the latest news and global developments. The trader will also need to anticipate the impact of a particular development on the crypto market and make timely decisions to benefit from... --- ### The 10 Important Cryptocurrencies Other Than Bitcoin - Published: 2024-05-02 - Modified: 2024-06-03 - URL: https://coinswitch.co/switch/crypto/cryptocurrencies-other-than-bitcoin/ - Categories: Crypto - Tags: altcoins, Top 10 Altcoins, Trending Altcoins Bitcoin, the world’s pioneering crypto, is also the largest by market capitalization. In many ways, it is a trendsetter in the crypto world. Bitcoin has become synonymous with crypto, inspiring several crypto projects and decentralized peer network cryptocurrencies. While Bitcoin might be the most popular crypto, it is not the only one. There are many types of cryptos present in the market today.   Among different cryptocurrencies available in the market today, altcoins stand out. Any cryptocurrency other than Bitcoin is known as altcoin, short for alternative coin. Ethereum, the second-largest by market capitalization, is the most popular altcoin in the crypto world today.   As the crypto market deepens and interest in crypto investment intensifies, it is important to explore different cryptocurrencies to find the best cryptocurrency to invest in. Read on to learn more about the top 10 cryptos other than Bitcoin and what makes them unique.   What are cryptocurrencies? Let’s understand cryptos before we dive deeper into altcoins. Cryptocurrencies are virtual or digital currencies that use cryptography for transaction security. A cryptocurrency does not have a central issuing and regulatory authority like a central bank. Instead, cryptos will be governed by a decentralized network. The decentralized network is responsible for recording transactions and issuing new units.   Types of Altcoins As we have seen above, all crypto that aren't Bitcoin are termed altcoins. Here is a list of the top 10 cryptocurrencies that are the best investment alternatives to Bitcoin.   1. Ethereum Ethereum is a... --- ### Market Analysis | 01 May 2024 - Published: 2024-05-01 - Modified: 2024-05-02 - URL: https://coinswitch.co/switch/market-analysis/01-may-2024/ - Categories: Crypto Market Analysis With the broader crypto market awaiting an upside break, BTC (-5. 8%) broke its $60k support on the downside. BTC has reached its lowest price point in close to two months. Ethereum (ETH, -6. 2%) fell sharply, but maintained its up trend from the lows of 13th April, and trading above $2. 8k. While this move could be attributed to a pending technical correction, another catalyst of the same was the world’s largest crypto exchange, Binance’s former CEO, getting his sentence announced yesterday. CZ was given a sentence to serve jail time for 4 months. Many are hailing it as a positive development given Binance can now officially be free from the US regulators, barring the fine that they had paid. BNB token would be one of the cryptos that investors will keep a lookout for in the coming days or weeks. --- ### Solana Price Prediction & Forecast 2024-2050 - Published: 2024-02-05 - Modified: 2024-02-05 - URL: https://coinswitch.co/switch/crypto/solana-price-prediction-and-forecast/ - Categories: Crypto - Tags: solana coin price prediction, solana crypto price prediction, solana price prediction, solana price prediction 2030, solana price prediction chart, solana price prediction inr Solana Overview Solana is a blockchain platform designed for decentralized applications (DApps) and crypto projects. It's known for its high throughput and low transaction costs. Unlike some other blockchains, Solana uses a unique consensus mechanism called Proof of History (PoH) in conjunction with Proof of Stake (PoS). This combination allows for faster transaction confirmation times and scalability. Imagine Solana as a bustling highway where transactions zoom by quickly and at a lower cost compared to some other blockchain networks. The efficiency stems from its innovative approach to consensus and overall architecture. Developers often choose Solana for projects that require high-speed transactions and low fees, making it a popular choice in the rapidly evolving world of decentralized finance (DeFi) and other blockchain applications. Solana (SOL) Technical Overview Attribute DetailsCategoryLayer 1 blockchainDescriptionSolana is a high-performance blockchain supporting builders around the world creating crypto apps that scale today. Launch DateMarch 16, 2020Consensus MechanismProof of Stake (PoS)Current Supply565,885,584. 7476015 SOLCirculating Supply428,712,814. 2177652 SOLPrice (Approx. )100. 78 USD (as of 29th January, 2024)24h Trading Volume$4,446,732,548. 29Active Markets563Websitehttps://solana. com/Whitepaperhttps://solana. com/solana-whitepaper. pdfReddithttps://reddit. com/r/solanaSource Codehttps://github. com/solana-labs Price Action: Solana price prediction following a bullish breakout from Ascending Triangle: Price reached $125 last month (Dec), but got very overbought (RSI ~ 83) and pulled back on profit-taking. A pullback to near $100 support could be a swing trade entry in the Uptrend, with upside potential back to $125. Stop Loss (SL) level at $88.   Nearest Fibonacci Retracement levels (possible support) are $103 (50%) and $98 (61. 80%). (set... --- ### Polygon (MATIC) Price Prediction & Forecast 2024-2050 - Published: 2024-02-05 - Modified: 2024-02-05 - URL: https://coinswitch.co/switch/crypto/matic-price-prediction-and-forecast/ - Categories: Crypto - Tags: matic coin price prediction, matic coin price prediction 2025, matic coin price prediction inr, matic price prediction, matic price prediction in india, polygon matic crypto price prediction Matic Overview Matic, now known as Polygon, is a blockchain scaling solution that aims to address some of the scalability and usability issues of the Ethereum network. Think of it as an additional layer built on top of Ethereum to enhance its performance. Polygon employs a combination of sidechains and other scaling techniques to provide faster and cheaper transactions. Rather than delving into technical jargon, let's break it down in simpler terms. Imagine Ethereum as a busy highway with traffic jams during peak hours. Polygon acts like an extra lane, helping to ease congestion and make transactions quicker and more cost-effective. This makes it more appealing for developers and users alike, as it improves the overall experience of interacting with decentralized applications on the blockchain. In essence, Polygon is like the friendly neighborhood improvement for the Ethereum blockchain, making it more accessible and efficient. Matic Technical Overview Attribute DetailsNamePolygonTickerMATICCategoryCoinPlatformEthereumContract Address0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0Supply (Total/Circulating)10,000,000,000 / 9,555,258,782. 787216Launch DateApril 28, 2019WebsitePolygon is a scaling solution for Ethereum, a layer-2 on EthereumDescriptionPolygon is a scaling solution for Ethereum, a layer-2 of EthereumTwitterhttps://twitter. com/0xPolygonWhitepaperPolygon WhitepaperAll-Time High (ATH)$2. 9232 (Dec 27, 2021)All-Time Low (ATL)$0. 00301154729812 (May 9, 2019)Current Price$0. 7969 (as of 29th January, 2024)Market Cap9. 2 Billion USDKey Support LevelsS1: 0. 75, S2: 0. 60 USDKey Resistance LevelsR1: 1. 00, R2: 1. 25 USD MATIC is Polygon’s native token. The utility is the network fees. The MATIC token serves many purposes in the Polygon ecosystem, including: Participating in network governance by voting on Polygon Improvement Proposals... --- ### Shiba Inu Price Prediction & Forecast 2024-2050 - Published: 2024-02-05 - Modified: 2024-02-05 - URL: https://coinswitch.co/switch/crypto/shiba-inu-price-prediction-and-forecast/ - Categories: Crypto - Tags: shiba inu coin price in in prediction, shiba inu coin price in inr prediction, shiba inu price prediction, shiba inu price prediction 2025, shiba inu price prediction 2030 Shiba Inu Overview Shiba Inu (SHIB) is a decentralized crypto created in August 2020 by an anonymous entity using the pseudonym "Ryoshi". It operates on the Ethereum blockchain as an altcoin, featuring the Shiba Inu, a Japanese hunting dog, as its symbol. The Shiba Inu ecosystem is guided by principles outlined in the "woof paper". Key Points About Shiba Inu Crypto Creation: Launched as an experiment within the Shiba Inu ecosystem, it aims to build a decentralized community. Symbolism: Like Dogecoin, Shiba Inu is associated with the Doge meme. Its symbol is the original Japanese dog breed used in Dogecoin's symbol. Decentralization: As a decentralized crypto, Shiba Inu operates independently of a central authority, fostering community engagement and experimentation. Shiba Inu (SHIB) Technical Overview AttributeDetailsNameShiba InuTickerSHIBCategorymemecoinPlatformEthereumContract Address0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ceSupply (Total/Circulating)589,544,159,969,966. 6 / 589,300,487,822,195. 4Launch DateAugust 1, 2020WebsiteShibaTokenDescriptionOperates on the Ethereum platform, known for its massive supply and active trading on marketsTwitterhttps://twitter. com/shibtokenWhitepapermeme coinAll-Time High (ATH)$0. 00008845 (Oct 28, 2021)All-Time Low (ATL)$0. 00000000008164606 (Sep 1, 2020)Current Price$0. 000009103 (as of 31st Jan)Market Cap6. 2 Billion USDTKey Support Levels$0. 000008, $0. 000010, $0. 000012Key Resistance Levels$0. 000012, $0. 000014, $0. 000016 As of the 31st Dec,  the price of Shiba Inu (SHIB) is approximately $0. 000009103, with a circulating supply of about 589. 32 trillion SHIB tokens.   The token is $0. 00000262 (34. 14%) above its 30-day low of $0. 00000771 and $0. 00000153 (12. 77%) below its 30-day high of $0. 00001186.    The 24-hour trading volume for this cryptocurrency is around... --- ### Bitcoin Price Prediction & Forecast 2024-2050 - Published: 2024-02-05 - Modified: 2024-02-05 - URL: https://coinswitch.co/switch/crypto/bitcoin-price-prediction-and-forecast/ - Categories: Crypto - Tags: bitcoin future price prediction, Bitcoin Price Prediction, bitcoin price prediction 2025, bitcoin price prediction 2030, bitcoin price prediction 2040, bitcoin price prediction chart Bitcoin Overview Bitcoin, the first decentralized crypto, operates as a digital and decentralized form of currency. It enables peer-to-peer transactions without the need for intermediaries like banks or financial institutions. Bitcoin transactions are verified by nodes in its decentralized network through cryptographic techniques and the details are recorded in a public ledger called the blockchain. Key points About Bitcoin: Decentralization: Bitcoin operates on a peer-to-peer network, eliminating the need for central authorities and intermediaries in financial transactions. Blockchain Technology: Transactions are recorded on a public ledger known as the blockchain, ensuring transparency and security. Cryptography: The use of cryptographic techniques ensures the security and integrity of transactions. Limited Supply: Bitcoin has a capped supply of 21 million coins, contributing to its scarcity and value. Platforms such as MarketWatch provide real-time information on Bitcoin's price, market trends, and historical data, besides valuable insights. Bitcoin (BTC) Technical Overview Bitcoin (BTC) Metrics DataPrice$42,307. 34Price Change 24h-1. 08%Price Change 7d0. 012Market Cap$829,747,023,119Circulating Supply19,576,675 BTCTrading Volume 24h$24,560,689,806. 67All-Time High$64,863. 10 (April 14, 2021)All-Time Low$65. 53 (July 05, 2013)Price Prediction 7dNot availablePrice Change 30d0. 1823Price Change 90d0. 6409Price Change 365d1. 591 The price of Bitcoin (BTC) is $42,307. 34 as of  29th Jan 2024, with a 24-hour trading volume of $43. 29 billion. With a circulating supply of 19. 59 million BTC, Bitcoin is valued at a market cap of $920. 21 billion. Source: Techopedia. com Price Action: As of this February’s first week, Bitcoin’s current oscillators offer a diverse perspective. The relative strength index (RSI)... --- ### Dogecoin Price Prediction & Forecast 2024-2050 - Published: 2024-02-05 - Modified: 2024-02-05 - URL: https://coinswitch.co/switch/crypto/dogecoin-price-prediction-and-forecast/ - Categories: Crypto - Tags: dogecoin price prediction, dogecoin price prediction 2025, dogecoin price prediction 2030, dogecoin price prediction chart, dogecoin price prediction in india Dogecoin Overview Dogecoin, a token created in 2013 as a joke, has become a serious player in the cryptocurrency market. At its core, Dogecoin is a decentralized, open-source, peer-to-peer digital currency that allows users to send and receive money with low transaction fees. It is based on the Litecoin protocol, a modified version of Bitcoin. Doge attracted a passionate online community soon after its launch towards the end of 2013. This community has used DOGE for everything from paying strangers for insightful Reddit comments to funding the Jamaican Bobsled Team’s trip to the 2014 Winter Olympics in Sochi. Dogecoin’s popularity has soared recently due to its rapidly growing user base, low transaction fees, and fast transaction speeds. Despite its novelty, Dogecoin is a legitimate cryptocurrency with many advantages over other currencies, including its security features, low cost, and ease of use. Dogecoin Technical Overview Technical Overview: Attribute DetailsCategoryDogeCoinDate AddedDecember 15, 2013DescriptionCryptocurrency that users can generate through mining. Infinite supply. Current Supply142,419,306,383. 70526 DOGEPrice (Approx. )$0. 0824h Trading Volume$473,649,154Active Markets861Consensus MechanismProof of Work (PoW)AlgorithmScryptWebsitedogecoin. comTwittertwitter. com/dogecoin Dogecoin's supply has no limit, meaning it can be mined infinitely. The maximum number of coins that can be mined per day is 100,000,000, while the maximum number of coins that can be mined per hour is 6,000,000. Dogecoin is traded on an average of 50 exchanges, with the highest daily volume being over $560 million. Dogecoin is purposely abundant in contrast to Bitcoin, which was created to be scarce. Bitcoin's market capitalization is $320... --- ### A comprehensive guide to GST registration: Requirements and process - Published: 2024-01-30 - Modified: 2024-01-30 - URL: https://coinswitch.co/switch/personal-finance/procedure-for-gst-registration-in-india/ - Categories: Personal Finance - Tags: GST Registration GST, or Goods and Services Tax, is a consumption tax levied on the sale of goods and services in India. It was introduced on 1 July, 2017, by the central government under a new Act called the Goods and Service Tax Act (GST Act). GST registration is the process by which a business signs up for GST.   We will try to understand GST with a simple example from everyday life. Have you ever wondered why your restaurant bill is much higher than the menu price of the mouth-watering delicacies you just had at your favorite hangout? That is because GST @18% is added to your food bill. This blog post will simplify the basics of GST registration for you. Understanding GST registration Before delving into GST registration, it's essential to address fundamental questions like the definition of GST and identifying who needs GST registration. So, let's begin by getting the basics right. What is GST? GST, or Goods and Services Tax, is a consumption tax levied on the sale of goods and services. It was implemented to replace several indirect taxes previously in place, like VAT, excise, import, and export duties. Put simply, it is a single tax that consumers pay when they buy goods or services, and what businesses collect and remit to the government for the services they provide.   Who needs GST registration? GST registration is a mandatory requirement for businesses with an annual turnover of Rs. 40 lakh and above. The limit for regular states... --- ### Understanding repo rate and its significance in monetary policy - Published: 2024-01-29 - Modified: 2024-05-02 - URL: https://coinswitch.co/switch/personal-finance/what-is-repo-rate-2/ - Categories: Personal Finance - Tags: Impact of Repo Rate, repo rate When you avail a loan from a bank, you pay interest on the loan amount. Similarly, banks also pay interest when they borrow money from the central bank or the Reserve Bank of India (RBI). The rate at which commercial banks borrow from the RBI is known as the repo rate.   Looked at in another way, the repo rate refers to the rate at which the RBI lends money to commercial banks in exchange for government securities. Commercial banks borrow from the RBI to meet their liquidity requirements or for other statutory measures.   The repo rate is one of the most important tools used by the RBI to manage the supply of money in the economy and, in turn, control inflation. While managing the supply of money and controlling inflation may sound complicated, this blog aims to simplify these concepts for you. Repo rate in the Indian context The repo rate, short for repurchase rate, often appears in macroeconomic and banking conversations. It refers to the interest the commercial banks pay to RBI for overnight loans secured by government securities.   RBI uses the repurchase rate to control the money supply in the economy. It is a benchmark interest rate used by the Reserve Bank of India (RBI) to facilitate the smooth operation of the monetary system.   Now, we will understand repo rate hikes and the role of the Monetary Policy Committee in deciding repo rates. Historical repo rate hikes Historically speaking, India maintained a stable 4%... --- ### Everything you need to know about the Union Budget 2024 > The Union Budget is the annual financial statement that details the estimated revenue and expenditures for the financial year. Learn more. - Published: 2024-01-24 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/personal-finance/know-about-the-union-budget/ - Categories: Personal Finance - Tags: Interim Budget, Union Budget The annual ritual that unfolds with clockwork precision is boringly familiar: The months-long run-up to the D-Day, the finance minister distributing halwa to staff, officials staying back in the North Block to ensure utmost secrecy, and the customary photo on the steps of the Parliament House. Yet, what remains under wraps is the content of the national budget to be presented on 1 February, which has everyone glued to their TV sets and phones, curious to know what is in it for the aam janta and India Inc. Truth be told, the Union Budget of India is more than just an estimate of income and expenditure for the upcoming financial year. Read on as we fill you in on everything you need to know about the budget: its definition, significance, and the key terms used. What is the Union Budget? According to Article 112 of the Indian Constitution, the Union Budget is the annual financial statement that details the estimated receipts and expenditures of the government of India for the financial year that runs from 1 April to 31 March. The national budget is presented in both houses of Parliament. The receipts include revenue from direct and indirect tax collections, disinvestment, and dividend collection. The finance ministry, in consultation with stakeholders, prepares an estimated expenditure estimate for developmental work in various sectors of the economy such as agriculture, education, industry, infrastructure, health, transport, and manufacturing. The budget session of Parliament begins with the tabling of the Economic Survey in both... --- ### India's GDP: A comprehensive overview of the world's fifth-largest economy - Published: 2024-01-19 - Modified: 2024-01-19 - URL: https://coinswitch.co/switch/personal-finance/gdp-of-india/ - Categories: Personal Finance - Tags: Fifth Largest Economy, GDP of India, India'a GDP Gross domestic product (GDP)---the total value of goods and services produced by a country in a given period—-is a key metric for assessing the health of an economy. The conventional approach for measuring a country's GDP is the expenditure method, wherein the total is derived by aggregating expenditure on fresh consumer goods, new investments, government outlays, and the net value of exports. According to this GDP metric, the US, China, Japan, Germany, and India are the five largest economies in the world. The GDP of India was $2 trillion in 2014. Eight years later, India overtook the UK to become the world’s fifth-largest economy with a GDP of $3. 65 trillion. Economists expect the GDP of India to cross the $26 trillion mark by 2047. India is also aiming to translate GDP growth into social-economic growth as it expects to become a middle-income country by then.   To start with the lowest rungs of society, improvements in health, education, and standard of living lifted 13. 5 crore Indians out of multidimensional poverty in just five years. To be specific, India recorded a steep decline in the number of multidimensionally poor from 24. 85% to 14. 96% between 2015-16 and 2019-21, according to a NITI Aayog report published in July 2023.   GDP growth, a measure of economic progress, has accelerated, registering a 7. 6% expansion over the 12 months leading up to Q3 2023, compared to a 7% annual growth in 2022. This blog will discuss the current state of... --- ### Everything you need to know about Atal Pension Yojana (APY): A comprehensive guide to secure your retirement - Published: 2024-01-18 - Modified: 2024-01-18 - URL: https://coinswitch.co/switch/personal-finance/atal-pension-yojana-apy-scheme-details-eligibility/ - Categories: Personal Finance - Tags: Atal Pension Yojana, Atal Pension Yojana (APY) Retirement—-that stage of life when one stops earning a monthly salary—is a big worry for those who are employed in the private sector as they do not get a pension. However, those who work in the organized sector are slightly better off as they are covered by the government-run Employees’ Provident Fund Scheme and they can also enroll in the National Pension Scheme (NPS) if they wish to. This blog post will discuss a specific plan—the Atal Pension Yojana (APY), an extension of the National Pension Scheme. This government-backed scheme in India primarily caters to workers in the unorganized sector who lack access to formal pension schemes. What is Atal Pension Yojana? Atal Pension Yojana (APY) is a government-run pension scheme in India. The scheme, named after former Prime Minister Atal Bihari Vajpayee, is designed to provide financial security to workers in the unorganized sector during their retirement years. APY, launched on 9 May 2015, is managed by the Pension Fund Regulatory and Development Authority (PFRDA) under the Ministry of Finance, Government of India. PFRDA oversees the administration of the scheme, ensuring compliance with guidelines and safeguarding the interests of subscribers. The contributions made are invested by professional fund managers to generate returns, which constitute the pension amount paid out during the retirement phase. Eligibility and benefits of APY Any Indian citizen can enroll in the APY scheme if they meet the eligibility criteria, which include: 1. Age limit: APY is open to individuals in the age group of 18-40.... --- ### How to Transfer Bitcoin & Other Crypto from Bitstamp to CoinSwitch - Published: 2024-01-17 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-bitstamp-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, Bitstamp withdrawal, crypto transfer, how to transfer bitcoin, how to withdraw from Bitstamp Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Bitstamp and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Bitstamp and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Bitstamp, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from WazirX to CoinSwitch - Published: 2024-01-17 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-wazirx-to-coinswitch/ - Categories: Crypto - Tags: binance withdrawal, bitcoin transfer, crypto transfer, how to transfer bitcoin, how to withdraw from WazirX Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from WazirX and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from WazirX and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (WazirX, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from Kraken to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-kraken-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, crypto transfer, how to transfer bitcoin, how to withdraw from Kraken, Kraken withdrawal Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Kraken and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Kraken and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Kraken, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from MEXC to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-mexc-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, crypto transfer, how to transfer bitcoin, how to withdraw from MEXC, MEXC withdrawal Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from MEXC and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from MEXC and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (MEXC, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from Bybit to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-bybit-to-coinswitch/ - Categories: Crypto - Tags: Bybit to CoinSwitch, how to transfer bitcoin, transfer bitcoin, transfer crypto Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Bybit and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Bybit and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Bybit, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from BuyUcoin to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-buyucoin-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, BuyUcoin to CoinSwitch, transfer bitcoin Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from BuyUcoin and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from BuyUcoin and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (BuyUcoin, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from Bitfenex to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-bitfenex-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, crypto transfer, how to transfer bitcoin Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Bitfenex and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Bitfenex and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Bitfenex, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from CoinEX to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-coinex-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, coinEX to coinswitch, crypto transfer Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from CoinEX and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from CoinEX and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (CoinEX, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from Gate.io to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-gate-io-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, crypto transfer, Gate.io withdrawal, how to transfer bitcoin Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Gate. io and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Gate. io and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Gate. io, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as... --- ### How to Transfer Bitcoin & Other Crypto from Bitbns to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-other-crypto-from-bitbns-to-coinswitch/ - Categories: Crypto - Tags: bitbns to coinswitch, bitcoin transfer, crypto Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Bitbns and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Bitbns and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Bitbns, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from Huobi to CoinSwitch - Published: 2024-01-16 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-huobi-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, crypto transfer, how to transfer bitcoin, how to withdraw from Huobi, Huobi withdrawal Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Huobi and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Huobi and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Huobi, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### A comprehensive guide to SEBI (Securities and Exchange Board of India): Roles, functions, and regulations - Published: 2024-01-15 - Modified: 2024-01-15 - URL: https://coinswitch.co/switch/personal-finance/what-is-sebi/ - Categories: Personal Finance - Tags: SEBI, Securities and Exchange Board of India SEBI, short for Securities and Exchange Board of India, is the securities market regulator in India. SEBI is a statutory body of the Indian government established in 1992 to promote transparency in the Indian equity market.   The primary role of SEBI is to regulate the functioning of Indian capital or equity markets to safeguard investor interest and create a safe investment environment by enacting rules and regulations. SEBI also ensures that capital markets function properly and efficiently, creating an investor-friendly environment.   Understanding SEBI The Securities and Exchange Board of India (SEBI) is the most important regulator of securities markets in India. It serves as the watchdog for Indian securities markets and its participants. To better understand the functioning of SEBI, it would be helpful to draw parallels between SEBI and US SEC as SEBI is the US market regulator’s Indian counterpart.   Essentially, all things equity or capital markets will be routed through SEBI. Its stated objective is “to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto. ” SEBI was established on 12 April, 1992 following the passage of the Securities and Exchange Board of India Act by the Parliament. The SEBI headquarters is located at the Bandra-Kurla Complex in Mumbai. It also has regional offices in New Delhi, Kolkata, Chennai, and Ahmedabad, and more than a dozen local offices in cities including Bangalore, Jaipur, Guwahati, Patna, Kochi, and... --- ### How to Transfer Bitcoin & Other Crypto from KuCoin to CoinSwitch - Published: 2024-01-15 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-kucoin-to-coinswitch/ - Categories: Crypto - Tags: bitcoin transfer, crypto transfer, how to transfer bitcoin, how to withdraw from KuCoin, KuCoin withdrawal Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from KuCoin and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from KuCoin and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Kucoin, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### How to Transfer Bitcoin & Other Crypto from Binance to CoinSwitch - Published: 2024-01-12 - Modified: 2024-03-01 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-and-other-crypto-from-binance-to-coinswitch/ - Categories: Crypto - Tags: binance withdrawal, bitcoin transfer, crypto transfer, how to transfer bitcoin, how to withdraw from Binance Introduction CoinSwitch PRO has enabled deposits for over 100 cryptos on the platform. The new feature allows users to withdraw their crypto from Binance and other crypto exchanges, transfer it to their CoinSwitch PRO account, and trade on the platform. Why Choose CoinSwitch for Your Crypto Deposits? CoinSwitch is India's largest crypto trading platform, with over 19 million Indians using its suite of products—the app, CoinSwitch PRO, and CoinSwitchX. CoinSwitch, a PeepalCo product, upholds the highest standards of transparency and compliance. It is registered with the Financial Intelligence Unit-India (FIU-IND) and adheres to the Prevention of Money Laundering Act, 2002 (PMLA). The platform has 100% transparency with its Proof of Reserves. CoinSwitch PRO supports crypto deposits for over 100 crypto assets. Users can now transfer Bitcoin and other supported crypto from different crypto exchanges to their CoinSwitch PRO account. A step-by-step guide to withdraw crypto from Binance and other crypto exchanges and deposit in CoinSwitch PRO: Step-1 Choose the crypto you wish to transfer to your CoinSwitch PRO account from a list of 100+ cryptos enabled on the platform. We have taken USDT here for reference. Step-2 Click on the “Get Address” option of the selected crypto. Step-3 Copy the deposit link by clicking on the copy icon. Step-4 Enter the withdrawal flow from your source account (Binance, Metamask, etc. ) Step-5 Paste the CoinSwitch PRO address you copied in Step 3 in the address field. Confirm that the network you have chosen is the same as the one mentioned... --- ### A comprehensive guide to income tax returns (ITR): How to file and track your returns - Published: 2024-01-11 - Modified: 2024-01-11 - URL: https://coinswitch.co/switch/personal-finance/how-to-file-itr-online/ - Categories: Personal Finance - Tags: Income Tax Return, Income Tax Return E-filling, ITR Income tax is a type of direct tax collected by the government of India on the income earned by individuals, HUFs, partnership firms, and businesses during a financial year. It is calculated based on the tax slabs defined by the Income Tax Department. Any individual or entity that has earned income above the prescribed limit in a given financial year is legally liable to pay income tax to the government of India. The process of paying tax to the government of India is known as ‘filing an income tax return or ITR’. Filing an ITR is mandatory under the Income Tax Act of 1961. Income tax e-filing is the process of filing ITR electronically or digitally.   Income tax e-filing has simplified the ITR filing process for the assessment year (AY) 2023-24. This blog will detail the step-by-step guide to ITR filing from the comfort of your home or office by registering on the Income Tax e-filing website. We will also discuss different ITR forms, eligibility for filing returns, and how to track the status of your returns.   What are income tax returns (ITR)? Income Tax Return is a form that individuals, business organizations, NGOs, or other corporate entities are required to submit to the Income Tax department. ITR will contain information about the person’s or the organization’s income and the tax due to be paid during the year. Information filed in ITR pertains to a particular financial year, i. e. starting on 1st April of a specific year... --- ### GST verification: Ensuring authenticity and compliance with GSTIN - Published: 2024-01-10 - Modified: 2024-05-02 - URL: https://coinswitch.co/switch/personal-finance/guide-to-gst-verification/ - Categories: Personal Finance - Tags: GST, GST Verification Goods and Services Tax, popularly known as GST, was introduced in India in July 2017 to streamline the indirect tax system across the country. GST was launched to enhance transparency, eliminate cascading tax (tax on tax), and facilitate ease of doing business. Businesses and individuals registered under GST are allotted a 15-digit PAN-based unique identification number known as GSTIN. GST verification is a must to ensure the integrity and authenticity of the quoted GST number. GST verification is important for consumers, businesses, and individuals as it ensures transparency, prevents fraud, and promotes wider compliance with GST regulations. We will explore the concept of GST verification, its significance, and the methods employed for verification in this article.   Understanding GSTIN and its format Goods and Services Tax Identification Number (GSTIN) is a unique identifier granted to firms and professionals registered under the Goods and Services Tax (GST) regime in India.   GSTIN is a 15-digit alphanumeric code used for several GST-related procedures, including submitting returns, obtaining input tax credits, and making payments. The GSTIN identifies the taxpayer and allows the GST system to track their transactions. The first two digits of the GSTIN denote the state code, the next 10 digits signify the PAN number of the business or the professional, followed by the entity code and the digit check.   All businesses and professionals operating in India are required to obtain GSTIN to comply with India’s taxation laws. Since the introduction of GST in India in 2017, obtaining a GSTIN... --- ### Udyog Aadhaar: A complete guide to registration, benefits, and updates - Published: 2024-01-04 - Modified: 2024-01-05 - URL: https://coinswitch.co/switch/personal-finance/udyog-aadhaar-online-process/ - Categories: Personal Finance - Tags: Udyam Aadhaar, Udyog Aadhaar Businesses like proprietary firms or firms operating in the MSME (Micro, Small, and Medium Enterprises) sector that need to bring legitimacy to their business or wish to avail of the government-sponsored subsidy schemes would require Udyog Aadhaar.   Udyog Aadhaar is a 12-digit identification number provided by the Ministry of MSME after the successful completion of the registration process. Udyog Aadhaar will simplify the registration process for micro, small, and medium enterprises.   The Udyog Aadhaar registration process is simple, quick, and free of cost. This blog post will explain the step-by-step Udyog Aadhaar registration process for you. Read on to learn more about the prerequisites for registration, the documents required, and so on.    Understanding Udyog Aadhaar The Government of India launched the Udyog Aadhaar registration process to boost the MSME sector. Currently, the Udyog Aadhaar registration process has been migrated to Udyam Registration. Therefore, an MSME will have to apply for Udyam Registration to obtain the government benefits provided to the MSME sector.   Earlier, the MSME registration process involved a lot of paperwork. The Udyog Aadhaar Registration was introduced to simplify the MSME or SSI registration process. Industries registered with Udyog Aadhaar are entitled to receive the benefits of several government schemes such as subsidies, easy loan approvals, etc. Entrepreneurs registered with Udyog Aadhaar need to migrate to Udyam Registration. Essentially, they need to re-register under the Udyam Portal to obtain the benefits provided to MSMEs. Udyog Aadhaar eligibility Udyog or Udyam Aadhaar is similar to individual... --- ### PPF interest rate: A complete guide to understanding and calculating returns - Published: 2023-12-26 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/ppf-interest-rate/ - Categories: Personal Finance - Tags: PPF, PPF interest rate, Public Provident Fund PPF, short for Public Provident Fund, is a long-term investment scheme popular among individuals who want to earn higher, but stable returns. In other words, PPF is ideal for individuals with low-risk appetite. The government of India mandates this investment scheme, which is not market-linked. One of the benefits of PPF is that it is a long-term savings and investment vehicle that offers attractive interest rates along with income tax benefits. This blog post gives an overview of everything related to PPF interest rate. Let’s dig in. Overview of PPF interest rates PPF interest rate refers to the rate of interest that applies to investments made in the PPF scheme. The interest rate is set by the Ministry of Finance, Government of India, and is subject to periodic revisions. The current PPF interest rate is 7. 1% per annum. The interest is calculated on the lowest balance between the close of the fifth day and the last day of every month. The investor's PPF account receives the applicable interest rates for every quarter, which is compounded and credited annually.   Historical PPF interest rates The PPF scheme was introduced by the Government of India under the PPF Act of 1968 to encourage savings among individuals. The product was initially available only at post offices but in 1986, the scheme was extended to designated public sector banks, making it more accessible to the public. At the time of inception, the PPF interest rate was 4. 8%, but it went as high... --- ### NSDL PAN Card: A complete guide to applying, updating, and downloading - Published: 2023-12-22 - Modified: 2023-12-22 - URL: https://coinswitch.co/switch/personal-finance/apply-for-an-nsdl-pan-card/ - Categories: Personal Finance - Tags: NSDL Pan Card, NSDL PAN Card Application PAN, short for Permanent Account Number, is an important legal document in India. It is required to open bank accounts, file income tax returns, invest in financial markets, buy and sell property, and even travel outside India. Besides, you can also use a PAN card as photo identification proof at places where government documents are required as ID proof.   NSDL (Protean) is authorized to issue PAN cards in India. The application process is both online and offline. Once you apply for a PAN card online, you can check your NSDL PAN card status online using your application number or your mobile number.   Having a PAN card is a must and applying for one has never been easier. This blog post aims to provide a step-by-step guide to applying for and checking the NSDL PAN card status online using various methods.   Understanding PAN card and its significance The PAN number is issued by the Income Tax Department in India under the provisions of the Income Tax Act, 1961. A PAN card is mandatory for all financial transactions above ₹50,000. Moreover, an individual will require a PAN card for transactions like opening a bank account and filing income tax returns. The PAN is unique to each individual and is not transferable. It is permanent and remains valid for the lifetime of the PAN holder.   It is also used for identification purposes and helps link all financial transactions of the PAN holder. This makes it easier for the Income... --- ### 10 Cheapest Cryptocurrencies to Invest in India 2025 > Checkout Top 10 Cheapest Cryptocurrencies to invest in india. Review and compare with details to get an overview of some of the potential and cheapest cryptocurrencies in India. - Published: 2023-12-19 - Modified: 2025-03-06 - URL: https://coinswitch.co/switch/crypto/10-cheapest-cryptocurrencies-to-invest-in-india/ - Categories: Crypto - Tags: altcoins, crypto Not all cryptos are created equal. While the likes of Bitcoin and Ethereum steal the limelight often, there is value to be found in some hidden gems in the crypto market. In other words, the versatile crypto market has coins that fit every trader’s budget, underlining the power of value investing.   However, choosing the ones that have growth potential and align with your financial goals is easier said than done. To simplify your task, we’ve curated a list of the best cryptocurrencies— most of them priced under ₹100 and ranked in the top 100 by market capitalization—as of March 2025. All the coins mentioned below boast significant trading volumes, ensuring ease of buying and selling.   This blog post will discuss some of the cheapest cryptocurrencies available on CoinSwitch for trading and investment in 2025. Ripple (XRP) Price (as of 4th March 2025): ₹216Rank: #4 Ripple is a peer-to-peer global payment settlement and remittance platform built as an alternative to the expensive SWIFT payment system. It facilitates the instant, cross-border transfer and exchange of a variety of fiat currencies and cryptocurrencies on its network. Ripple is one of the oldest decentralized crypto projects in the market. It was launched in 2012 by angel investor Chris Larsen and programmer Jed McCaleb. XRP is the network's native token. Cardano (ADA) Price (as of 4th March 2025): ₹76Rank: #8 Cardano, a proof-of-stake blockchain platform that supports smart contracts functionality, is one of the highly scalable blockchain platforms. Developers can use it to... --- ### Understanding income tax refund status: How to check and track your refund - Published: 2023-12-15 - Modified: 2023-12-15 - URL: https://coinswitch.co/switch/personal-finance/how-to-check-income-tax-refund-status-online/ - Categories: Personal Finance - Tags: income tax refund, income tax refund status Getting an income tax refund after filing income tax returns can be a hassle even for experienced taxpayers. Taxpayers often end up paying the tax amount over and above the actual tax payable. Not to worry, as there is an established procedure to get your excess payment back. Taxpayers can file for income tax refunds and the excess tax deducted will be returned to the taxpayer as a refund under Section 237 of the Income Tax Act, 1961. In this article, we will focus on various aspects of claiming a tax refund and the importance of keeping a tab on the income tax refund status. We will also walk you through the process of checking and tracking income tax refund status online.   What is an income tax refund? Income tax refund refers to the repayment of the excess amount of tax paid by an individual or entity. This situation occurs when the total amount of tax paid surpasses the actual tax owed. Individuals usually become aware of the income tax refund while filing their Income Tax Return (ITR). Typically, taxes paid by a taxpayer either directly or on his behalf fall under three categories: tax deducted at source (TDS), tax collected at source (TCS), as well as self-assessment tax and advance tax.   Once a tax return is submitted and the assessing income tax officer confirms its accuracy, they may approve and process the income tax refund, if any. The refund can be issued as a physical check mailed... --- ### A step-by-step guide to e-filing income tax return (ITR) for AY 2023-24 - Published: 2023-12-14 - Modified: 2023-12-14 - URL: https://coinswitch.co/switch/personal-finance/income-tax-e-filing-steps/ - Categories: Personal Finance - Tags: income tax e filing, ITR-3 The income tax is a type of direct tax collected by the government of India on the income earned during the financial year by individuals, HUFs, partnership firms, and businesses. It is calculated based on the tax slabs defined by the Income Tax Department. Any individual or entity that has earned income in a given financial year is legally liable to pay income tax to the government of India. The process of paying tax to the government of India is known as ‘filing an income tax return or ITR’. It is mandatory to file an income tax return under the Income Tax Act, 1961. Income tax e-filing is the process of filing IT returns electronically or digitally.   The process of tax computation and payment can be confusing to taxpayers. However, thanks to several government resources and easy online filing processes, you can now submit your tax return in a matter of a few minutes. In today's digital age, you can submit your return from the comfort of your home or office by registering on the Income Tax e-filing website. Income tax e-filing has made the ITR filing process very easy for the assessment year (AY) 2023-24. This blog will focus on the ITR-3 form which has to be used by individuals and HUFs earning income from a proprietary business or a profession.   What is ITR-3 form?   There are various categories of taxpayers in India. Taxpayers are categorized based on their residential status and type of business. Each... --- ### TDS online payment: A step-by-step guide to ensure compliance and avoid penalties - Published: 2023-11-30 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/personal-finance/tds-payment-online/ - Categories: Personal Finance - Tags: Tax Deducted at Source, tds Taxation is the primary source of revenue for governments which helps manage their expenses and is used to fund various development programs and to build infrastructure. TDS, short for Tax Deducted at Source, is a deduction from an individual's income by the employer and deposited with the Income Tax Department on behalf of the individual. The deduction is mandated by the Income Tax Act of 1961 for individuals or organizations with income above a specified threshold. Staying compliant with TDS regulations is crucial to avoid penalties and legal consequences. All salaried individuals in India are required to adhere to TDS regulations to ensure accurate tax deductions, timely submissions, and proper documentation, fostering financial transparency.   Understanding TDS and its significance Tax Deducted at Source (TDS) is a tax collection mechanism central to the Indian tax system. It ensures that tax is deducted in advance at the point of origin of income. The primary purpose of TDS is to collect tax at the very source of income, thereby preventing tax evasion and ensuring a regular inflow of revenue for the government. The Central Board for Direct Taxes (CBDT) oversees the collection of TDS. CBDT, a statutory body, frames policies related to the collection of taxes. CBDT's responsibilities in TDS administration include formulating guidelines, setting tax rates, and ensuring compliance. It monitors the proper deduction, collection, and remittance of TDS by deductors. Financial transactions and business activities where TDS is applicable  Some of the common transactions where TDS kicks are the following.... --- ### EPFO claim status: A complete guide to checking your provident fund withdrawal status - Published: 2023-11-30 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/personal-finance/epfo-claim-status/ - Categories: Personal Finance - Tags: EPFO, EPFO claim status Employees Provident Fund, managed by the Employees’ Provident Fund Organisation under the Ministry of Labour, Government of India is the most popular social security scheme in India. Technically, the provident fund corpus accumulated over an employee’s tenure of service can only be withdrawn after retirement. However, funds can be withdrawn under specific circumstances such as job loss, marriage, and medical emergencies. The provident fund withdrawal process is now completely hassle-free, which can be easily done online through the EPFO website and also with the help of online service providers. However, keeping track of EPFO claim status is crucial to ensure a smooth withdrawal process. Let us proceed to understand the process in detail.       Understanding EPFO claim status Checking EPFO claim status will help you keep track of PF withdrawal requests. There are two methods to check EPFO claim status: online and offline. To check it online, users can visit the EPFO official website or use the EPFO mobile app. If you prefer to do it offline, you can visit the designated EPFO office to check on your claim status. Tracking EPF withdrawal status through the EPFO website is very convenient for users. The digital platforms provide a user-friendly interface, simplifying the entire process. Users can easily log in, check their claim status, and receive real-time updates. The digitalization of the process has made it efficient and easily accessible to EPF members. Checking EPF claim status online To check your EPF claim status using the EPFO portal and mobile app,... --- ### Why inflation may not be as bad as you think: An explainer - Published: 2023-11-30 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/personal-finance/why-inflation-may-not-be-bad/ - Categories: Personal Finance - Tags: deflation, Economic Growth, inflation A ghost is haunting the world—the ghost of inflation. The sustained rise in prices of everyday goods and services in the last two years—the global inflation rate was close to 9% in 2022—has kept policymakers and central bankers up at night. Every tool at their disposal—-primarily interest rate hikes—was deployed to rein in this economic phenomenon that has been squarely blamed for slowing global GDP growth.         Yes, high inflation erodes the purchasing power of money and hurts the value of your savings. But, is inflation always the villain as it is painted to be? Will the absence of inflation by default boost economic growth? Or, does inflation have multiple facets? To answer these questions, we need to thoroughly understand inflation and more importantly, its innocent-sounding cousin, deflation. What is inflation?   Inflation measures the rise in prices in an economy, best experienced while tanking up at the petrol pump or buying your monthly grocery.   Some economists think that inflation is the result of the increase in the amount of money in circulation relative to the supply of goods. In economic terms, inflation is a function of the supply and demand of money. In other words, printing more currency notes will decrease the value of each rupee, forcing the general price to rise. Yet, there is more to inflation as we will find out.   Pressure on the supply side or the demand side in the economy can create inflation. Supply shocks that disrupt the production... --- ### API Trading made easy with CoinSwitch PRO: A how-to guide - Published: 2023-11-28 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/api-trading-setup-guide/ - Categories: Crypto - Tags: API trading, API Trading environment set-up API trading or Application Programming Interface trading is a technique to automate the trading process. While extremely useful and popular, API trading involves using basic coding in languages like Python and Java, which can be a bit confusing for users who are trying API trading for the first time. Yes, manual trading is a good option. But, if you wish to automate the trading process so that you can trade 24*7, then you might want to try the API trading option. Read our detailed blog post API trading vs. manual trading to learn more. And here’s a not-to-be-missed limited-time offer for you if you are a new API trader: New traders need not pay any fee on all API trades for the first 30 days.   We will simplify the API trading process for you so that you can start your automated trading journey with ease. Prerequisite: Login to CoinSwitch PRO Click on API trading  Click on API Documentation Here is a step-by-step guide to API Trading.   Getting Started with API Trading set-up  Step 1: API Key Generation On the API trading home page, you will find the ‘Get Exclusive API Access’ tab.   If you have already logged in, you will see the ‘Generate My Key’ button on your screen.   Click on the ‘Generate My Key’ button.   Upon clicking, an OTP will be sent to your registered mobile number Enter the OTP and press enter.   Your API Key and your Secret Key will now be... --- ### UAN and EPFO: A complete guide to managing your Provident Fund - Published: 2023-11-03 - Modified: 2023-11-03 - URL: https://coinswitch.co/switch/personal-finance/uan-registration-activation/ - Categories: Personal Finance - Tags: EPFO, UAN The government-run Employees' Provident Fund Organization (EPFO) manages the Employees' Provident Fund (EPF) scheme, which ensures regular income and financial security for employees after retirement. Equally important as your provident fund is the UAN, short for Universal Account Number. UAN links multiple employer-issued Member Identification Numbers, ensuring seamless EPF fund management, easy access, and hassle-free transfers for employees.   Understanding UAN and EPFO UAN is a 12-digit unique number that an employer generates for all EPF contributors.   The UAN acts as a central hub for consolidating multiple member IDs from different organizations into a single Universal Account Number. This allows members to view details of all associated Member IDs when they join a new organization. Before UAN's introduction, changing jobs often necessitated PF withdrawals, which in turn reduced the retirement fund. UAN makes this process more streamlined and automatically transfers both employee and employer contributions to the new PF account. Benefits of UAN:  UAN offers the following benefits: Easy access to EPF accounts: UAN allows employees to access their EPF account information conveniently. Members can register their UAN on the official EPFO portal and view their EPF balance, download their passbook, and track their contributions over time. Simplified fund management: UAN simplifies the fund management process for both employees and employers. It facilitates the easy transfer of funds when an employee switches jobs, as their UAN remains the same. Online Services: UAN enables online services, such as submitting withdrawal claims, transferring funds, and updating personal details, making it more... --- ### Understanding income tax slabs and rates: A guide for taxpayers in 2023 - 2024 - Published: 2023-10-25 - Modified: 2024-01-11 - URL: https://coinswitch.co/switch/personal-finance/income-tax-slabs-rate-fy-2023-24-ay-2024-25/ - Categories: Personal Finance - Tags: income tax rates, Income Tax Slab Simply put, income tax is levied by the central government on the income earned by individuals and businesses in a financial year. In India, income tax is a financial and legal obligation, and a thorough understanding of this mode of direct tax is essential for financial planning.   Besides, the income tax collected from taxpayers is the principal source of revenue for the government. The government uses the money to provide citizens with amenities like healthcare, education, and infrastructure and fund various welfare schemes. Overview of income tax slabs for FY 2023-24 Income tax in India is governed by specific income tax slabs and rates for each financial year (FY) as outlined in the Union Budget. Taxpayers are classified into different tax brackets based on their income, with higher taxes imposed on higher incomes. The slab system, which is designed to maintain fairness, is reviewed in every budget, and modifications are made as required.   In FY 2020-21, the government of India introduced a new income tax regime with reduced tax rates, but with fewer deductions and exemptions. With this, taxpayers now have the option to choose between the old tax regime and the new tax regime. The old regime offers more opportunities to reduce taxable income through deductions like HRA and other exemptions under Sections 80C and 80D. On the other hand, the new regime offers lower tax rates but minimal deductions. The tables below show the revised income tax slabs applicable for FY 2023-24: Tax Slab Rates Up... --- ### How to claim EPF online: A step–by-step guide - Published: 2023-10-20 - Modified: 2023-10-20 - URL: https://coinswitch.co/switch/personal-finance/pf-withdrawal-online/ - Categories: Personal Finance - Tags: EPF withdrawal, PF withdrawal online Employees' Provident Fund, or EPF, is a government-mandated savings scheme in India. It's a compulsory retirement savings fund for employees working in organizations that are members of the EPFO. It requires both employees and employers to contribute a portion of the employee's salary each month which helps build a corpus for retirement.   The PF corpus can be accessed by members via a completely online claim process. It offers several advantages such as convenience, reduced paperwork, faster processing, and transparency. The online option simplifies the withdrawal process, allowing employees to manage their funds efficiently and access their savings when needed. Making EPFO online claim in 2023 PF withdrawal can be done online easily if you have completed some preliminary steps like ensuring your UAN is activated and it is seeded to your Aadhaar number, PAN, and bank account. Once that is done, here are the steps to claim EPF benefits online in 2023:  Step 1- Visit the EPFO member portal and navigate to the member e-Sewa portal. Step 2- Login using your UAN, password, and Captcha code for verification. Step 3: Select the 'Online Services' tab and choose Claim Form-19, 31, 10C or 10D depending on your purpose of withdrawal.   Step 4: Fill up the form with the necessary details like withdrawal amount, bank account, and other details. (Note: Provide the accurate bank account details associated with the UAN for verification). Step 5: Once all the above steps are completed, click on the 'Verify' button to proceed. Understanding the... --- ### Pradhan Mantri-Jan Arogya Yojana (PMJAY): A comprehensive healthcare scheme - Published: 2023-10-17 - Modified: 2023-10-17 - URL: https://coinswitch.co/switch/personal-finance/pmjay-ayushman-bharat-yojana/ - Categories: Personal Finance - Tags: Ayushman Bharat E-Card, PMJAY, Pradhan Mantri-Jan Arogya Yojana Pradhan Mantri Jan Arogya Yojana (PMJAY), also known as Ayushman Bharat Yojana, is the flagship healthcare scheme of the government of India. The scheme was launched to provide healthcare assistance to the economically poor who form 40% of the country’s bottom population. The scheme offers medical coverage for free in case of hospitalization.   Like conventional medical insurance, the scheme covers hospitalization expenses that often break the backbone of underprivileged families.   Overview of PMJAY PMJAY is one of the biggest healthcare schemes in the world. Launched by the Indian government in March 2018, it is an ambitious reform that aims to halt the slide of the 50–60 million Indians who fall into poverty every year due to sky-high hospitalization expenditure. It was launched as per recommendations of the National Health Policy 2017, to achieve the vision of Universal Health Coverage (UHC). This initiative has been designed to meet Sustainable Development Goals (SDGs) and its underlying commitment, which is to "leave no one behind. " Key features of PMJAY The government of India launched Ayushman Bharat–Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) on 23. 09. 2018. PMJAY is a centrally-sponsored scheme. It is entirely funded by the government and the funding is shared between Centre and State governments as per the guidelines of the Ministry of Finance. Here are the key features of the scheme: PMJAY provides health cover up to Rs. 5 lakh per family per year for secondary and tertiary hospitalization to around 10. 74 crore poor and vulnerable... --- ### A complete guide to PF withdrawal: How to withdraw PF and important rules - Published: 2023-10-16 - Modified: 2023-10-16 - URL: https://coinswitch.co/switch/personal-finance/pf-withdrawal-rules/ - Categories: Personal Finance - Tags: Offline PF withdrawal, Online PF withdrawal, PF withdrawal Employees Provident Fund, managed by the Employees’ Provident Fund Organisation under the Ministry of Labour, Government of India is the most prominent social security scheme in India. Provident Fund (PF) is a financial savings scheme for salaried employees. It serves as a structured way for employees to save a portion of their income, which can be used during their retirement years.   Technically, the provident fund corpus accumulated over an employee’s tenure of service can only be withdrawn after retirement. However, funds can be withdrawn under specific conditions which we will be discussing in detail in this blog post.   Understanding Provident Fund (PF) A Provident Fund (PF) is a retirement savings plan for salaried people. It is a government-managed savings scheme that mandates both employees and employers to contribute a portion of the employee's salary each month.   Both the employee and the employer contribute 12% of the basic salary and dearness allowance towards the PF account. The regular monthly PF contributions also carry an annual interest which is declared by the EPFO every year, not to mention compound interest accrued annually. Further, the contribution made towards the PF account helps employees save taxes.   Eligibility and conditions for PF withdrawal PF funds are meant to meet post-retirement financial needs. However, the fund can be partially withdrawn by the employee subject to specific eligibility conditions set by the  Employees' Provident Fund Organisation.   Eligibility criteria for PF withdrawal:  PF account holders can make three different types of PF withdrawals:... --- ### How to check PAN card status: A step-by-step guide - Published: 2023-10-13 - Modified: 2023-10-13 - URL: https://coinswitch.co/switch/personal-finance/check-your-pan-card-status/ - Categories: Personal Finance - Tags: PAN Card, Pan card complaint, pan card status PAN, short for Permanent Account Number, is an important legal document in India. It is required to open bank accounts, file income tax returns, invest in financial markets, buy and sell property, and even travel outside India. In addition to this, you can also use a PAN card as photo identification proof at places where government documents are required as ID proof.   Having a PAN card is a must and applying for one has never been easier. This blog post aims to provide a step-by-step guide to checking the status of your PAN card application online using various methods.   Understanding the PAN card and its significance A PAN number is issued by the Income Tax Department in India under the provisions of Income Tax Act, 1961. A PAN card is mandatory for all financial transactions above ₹50,000. Moreover, an individual will require a PAN card for transactions like opening a bank account and filing income tax returns. The PAN is unique to each individual and is not transferable. It is permanent and remains valid for the lifetime of the PAN holder.   It is also used for identification purposes and helps link all financial transactions of the PAN holder. This makes it easier for the Income Tax Department to track and monitor an individual's financial activities.   Overview of PAN Card application process Online PAN card applications can be made on the NSDL website or the UTIITSL website. Both have been authorized by the Government of India to... --- ### Tips to maximize equity mutual fund SIP returns > An equity mutual fund SIP can help build wealth over time. Here are some of the best ways to invest in them and maximize returns. - Published: 2023-10-12 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/tips-to-maximize-equity-mutual-fund-sip-returns/ - Categories: Mutual Funds, Personal Finance - Tags: equity mutual funds, mutual funds, SIPs Investing in equity can be scary, especially if you’re starting out. Equity-based mutual funds are, therefore, seen as a safer option. They help investors diversify, and there is a fund manager to plan things. Combined with a recurring buy plan, an equity mutual fund SIP can fetch much better returns while further limiting the risks. After all, the primary aim of SIPs is to grow returns and build wealth over time. And if that’s not enough, you can always follow these simple tips to maximize your returns. Introduction to maximizing equity mutual funds SIP returns Equity-based mutual funds are a popular way to invest in the stock market in India—especially via SIPs. But not everyone who invests in them knows how they work or how to maximize returns on them. We’re here to change that. Understanding the basics and purpose of maximizing equity mutual fund SIP returns Adopting a long-term investment approach is the best way to invest in a SIP. By investing small amounts regularly, investors reduce the impact of market volatility, and in the longer term, they benefit from compounding. This helps average the ups and downs so investors stand to benefit from growth over time. An equity-based mutual fund SIP also offers these benefits. Additionally, a SIP offers the flexibility of investing as per one’s convenience and budget. What are equity mutual fund SIPs? Equity mutual funds are investment options that pool multiple investors' funds to purchase stocks. SIP, or Systematic Investment Plan, is one of the... --- ### ULIPs vs. mutual funds: Which one to choose? > Mutual funds and Unit-Linked Insurance Plans (ULIPs) are popular investment options for those seeking long-term wealth creation. - Published: 2023-10-12 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/ulips-vs-mutual-funds-which-one-to-choose/ - Categories: Indian Stocks, Personal Finance - Tags: mutual funds, ULIPs A wise investment plan can help you build wealth and protect your family’s financial future. Mutual funds and Unit-Linked Insurance Plans (ULIPs) are popular investment options for those seeking long-term wealth creation. Understanding ULIPs and mutual funds Comparing investments in mutual funds and ULIPs is like comparing two very different concepts. A brief overview of the concept of ULIPs and mutual funds Mutual funds Here, an asset management company oversees the money of multiple investors through a financial vehicle known as a mutual fund. The fund house invests the monies in various instruments such as stocks, bonds, money market instruments, etc. Mutual funds are clusters of investments that are managed by professionals, referred to as fund managers. It is comparable to getting on a bus where the driver drives everyone to a specific location. In this case, the bus is a mutual fund program, the fund manager is the driver, and the travelers are the investors. Fund managers are experts in mutual funds who decide on the proper asset allocation based on their extensive knowledge of the financial markets. ULIPs ULIPs combine investment and insurance. ULIPs are insurance contracts that allow investors to build wealth while giving them the stability of a life insurance policy. A portion of the premium for ULIPs provides the investor with life insurance coverage. The remainder is combined and invested in debt, equity, or a combination to contribute to long-term wealth creation. Comparison of ULIPs vs. mutual funds ULIPs and mutual funds differ in various... --- ### Five things to keep in mind before investing in US stocks > Investment in US stocks can be made directly by opening an overseas trading account with a domestic or foreign broker. Here are a few things to keep in mind before investing. - Published: 2023-10-12 - Modified: 2023-10-26 - URL: https://coinswitch.co/switch/us-stocks/five-things-to-keep-in-mind-before-investing-in-us-stocks/ - Categories: US Stocks - Tags: stock market, US stocks Introduction to US stocks US stocks offer an attractive investment option for global investors. Several companies listed on the US stock exchanges have global operations, hence contain less market risk than other stock markets. This factor makes the US a compelling investment destination. Many investors have included high-performing US companies in their portfolios as their home countries often have unpredictable stock markets, unstable economies, and declining per capita incomes. According to statistics available for the financial year 2021, Indian investors have invested in more than 5,000 US securities, not just FAANG firms. Nevertheless, investors should be aware of the big picture and understand how the US market operates before investing. Let’s dig in. How to invest in US stocks from India If you are considering investing in the US financial market, this post is for you. However, before you invest, you need to understand some important factors. 1. Regulatory framework The Securities and Exchange Commission (SEC) regulates the US stock market, similar to how the Securities and Exchange Board of India (SEBI) is the Indian market regulator. The US market is one of the world's oldest and most tightly regulated stock markets. Since the 1930s, the SEC has ensured strict compliance with rules and regulations. It has established some of the best practices, which are essential for the protection and trust of investors. In the past, US markets have done better than Indian ones. For example, the US markets have outperformed Indian indexes by 8–15% over the previous ten years,... --- ### Best gilt funds: Top-performing gilt mutual funds to invest in 2023 > Gilt mutual funds predominantly invest in government bonds and securities. Their tenures vary. Read the full article to know the best ones. - Published: 2023-10-12 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/best-gilt-mutual-funds-to-invest-in-2023/ - Categories: Mutual Funds, Personal Finance - Tags: gilt funds, gilt mutual funds, mutual funds In the context of gilt fund investing, “gilt-edged” has come to mean “extremely reliable. ” But what makes these funds so special? And what are the best ones out there? Wonder no more because here’s our list of the top performing gilt mutual funds to invest in this year. What are gilt mutual funds? Gilt funds are a type of debt fund that invests primarily in US government securities. The dictionary defines “gilt” as “a thin covering of gold. ” During the days of the British Raj, bond certificates had thin gold edges. That’s how these documents first got the name “gilt. ” The gold is gone, but the name stuck. Top-performing gilt mutual funds in 2023 Though the gilt mutual fund market is not as volatile as the rest of the market, preparing a list of the top-performing gilt mutual funds can be daunting. Below are some of the good ones (in random order): ICICI Prudential Gilt Fund SBI Magnum Gilt Fund Edelweiss Government Securities Fund DSP Government Securities Fund Kotak Gilt Investment Fund IDFC GSF Investment Fund Nippon India Gilt Securities Fund Aditya Birla Sun Life Government Securities Fund Axis Gilt Fund PGIM India Gilt Fund HSBC Gilt Fund UTI Gilt Fund Canara Robeco Gilt Fund Tata Gilt Securities Fund HDFC Gilt Fund We hope you use this list to kickstart your own research. Remember, there are no shortcuts to investing well. Features of gilt mutual funds As mentioned earlier, gilt mutual funds are seen as a reliable... --- ### What is lock-in period in mutual funds? > ELSS funds are subject to a lock-in period of three years. ELSS is an equity mutual fund that offers tax deduction benefits. - Published: 2023-10-12 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-lock-in-period-in-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: lock in period, mutual fund Mutual funds help investors diversify their portfolios, offering a safe investment avenue. Mutual funds invest in a variety of asset classes, such as equities, bonds, debt, and commodities. This blog post will specifically discuss the ELSS lock-in period, a feature of mutual funds. Put simply, a lock-in indicates the period when investors cannot partially or wholly redeem their invested money. Generally, three years is the lock-in period for the close-ended funds. Most mutual funds in India don't come with a lock-in period. Equity Linked Savings Scheme is the rare one in the category of open-ended schemes. Lock-in period in different types of investments Now that we have defined the lock-in period let us understand how it applies to different types of investments. Lock-in period in mutual funds We have seen that an investor cannot withdraw or redeem the amount invested or allocated units during the lock-in period. Closed funds typically come with a lock-in period. During the lock-in time, we call mutual funds the closed funds. ELSS funds come with a lock-in period of three years. Lock-in period in hedge funds Here, the funds generally have a 30-90 day period. The hedge fund manager gets sufficient time to withdraw the investments gradually. Lock-in period in ELSS mutual funds Three years is the lock-in period of these mutual funds, which is strictly enforced. Moreover, no provision exists to redeem funds by paying the penalty. Lock-in period in tax-saving fixed deposits The waiting period for tax-saving FDs is five years. Therefore, as... --- ### What are large cap mutual funds? > Large cap mutual funds invest in shares of companies with large market caps. Learn all about them with this quick read. - Published: 2023-10-12 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-large-cap-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: large cap mutual funds Although investing in mutual funds is fairly common nowadays, first-time investors still tend to need a little help. They tend to have questions about mutual funds—the types, the pros and cons, and so on. To make things a little simpler and less intimidating, we bring you an explainer on one of the types—large cap mutual funds. Understanding large cap mutual funds Large cap mutual funds invest in shares of companies with large market caps—that is, market caps of over ₹20,000 crores. Organizations with large market caps are essentially established players. They are known for their market dominance. Such companies, it is believed, tend to generate steady returns over a long period. Large cap funds are a type of equity fund. Therefore, their fortunes tend to be affected by market fluctuations a lot more. Advantages of large cap funds If you want to invest in some large cap funds, you should have the advantage of investing in them at your fingertips. To get you there, here’s a quick overview of the pros. The most important advantage of any large cap fund is a low risk. As these funds have a lot of capital, they invest in several large securities and companies. So, the risk factor automatically decreases due to diversification. Also, since large caps are well-established players, the risk is still lower. Additionally, they are likely to yield higher returns due to the same reason. Large-cap fund investments are also easily redeemable. They can be redeemed anytime after the purchase, and... --- ### What is an acquisition? - Published: 2023-10-12 - Modified: 2023-10-12 - URL: https://coinswitch.co/switch/personal-finance/what-is-an-acquisition/ - Categories: Personal Finance - Tags: acquisitions, buy-out, mergers, takeovers Facebook (now Meta) is one of the biggest tech companies in the world today. But how did it get there? Strategic and timely acquisitions are a big part of the company’s growth story. Meta’s most famous acquisitions, of course, are Instagram and WhatsApp. But how do acquisitions work? And how are they different from mergers and takeovers? Find all the answers right here. What is an acquisition? An acquisition is when a company buys all or a major part of another company’s shares to gain control over it. When over 50% equity is acquired, the company that acquired it gets to call the shots without needing the consent of other shareholders. Acquisitions are an important part of the business world. They are sometimes meant to help the acquirer reap the benefits of a bigger or well-established infrastructure. Other times, the aim is to dissolve the target company entirely. The outcome depends on the strategy and goals of the acquiring company. While acquisitions are very common among small and mid-sized companies, they don’t make the headlines as often as the larger ones do. But why do acquisitions take place? Companies choose to acquire other entities for multiple reasons. They could, for example, be related to their choice to expand their operations to foreign markets or unexplored sectors. An acquisition could also be a growth move. It may even be meant to reset a poorly performing company as building a new one from scratch may be way tougher. Acquisitions vs. Mergers vs.... --- ### What is a daily margin statement, and how to read it > The statement tells you about the free margin available in the account so you can take new positions without incurring a penalty. Read on. - Published: 2023-10-12 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-daily-margin-statement/ - Categories: Indian Stocks, Personal Finance - Tags: daily margin statement, indian stocks When you open an account to start trading, the broker will send you a daily margin statement. What are these? Are they just a formality, or should you be reading them? We’ll break all that down for you in a minute, but first, let’s take a minute to understand what margins are. What is a daily margin statement? A daily margin statement is a report you receive every 24 hours. It essentially presents a summary of your margin account activity. But what is a margin, and what’s a margin account? Understanding the margin concept Margins also allow you, as the investor, to buy more shares than you can presently afford. By giving you a margin, brokers let you borrow funds to invest in the stock market. This is called a margin loan. And should you take up the offer, you would be operating on a margin. In margin trading, investors purchase more stocks than their own money permits them to do by borrowing funds from the broker. The margin percentage varies depending on the broker or stock exchange, the investor’s creditworthiness, and the current market scenario. When the value of the securities in a margin account decreases, the investor will need to deposit additional money or collateral. This is known as a margin call. The Securities and Exchange Board of India (SEBI) stipulates the margin requirement. This is the minimum equity an investor should maintain in their margin account. How to understand the daily margin statement A daily margin statement... --- ### How to check EPF balance: A complete guide - Published: 2023-10-09 - Modified: 2023-10-09 - URL: https://coinswitch.co/switch/personal-finance/how-to-check-epf-balance/ - Categories: Personal Finance - Tags: EPF Social security schemes are meant to provide a safety net to employees working in the organized sector in their retirement years. Two of the major social security schemes in India are run by the Employees’ Provident Fund Organization (EPFO) and the Employees’ State Insurance Corporation (ESIC). Employees’ Provident Fund or EPF is a contributory retirement scheme managed by the Employees’ Provident Fund Organization (EPFO) functioning under the Ministry of Labour, Government of India.   EPF subscribers have online access to their Provident Fund (PF) accounts to check their EPF balance to keep track of their retirement savings and financial security. Thus, subscribers can manage their accounts online and even withdraw funds. Read on as we learn more about EPF and the importance of checking EPF balance.   Understanding EPF and its importance EPF, as we have seen earlier, is a government-run retirement savings scheme designed to provide financial security to employees after they stop earning. Under this scheme, both the employee and the employer contribute 12% of the basic salary and dearness allowance towards the account. Essentially, EPF operates on the principle of regular and timely contributions, savings, and interest accumulation.   EPF offers financial security as it manages contributions from employees and employers by investing in few market-linked financial instruments and calculates the rate of interest declared each year to generate a substantial retirement corpus. EPF is significant as a retirement savings plan for salaried people as it offers a slightly higher interest rate on investments and also helps... --- ### Why is now the right time to invest in FDs - Published: 2023-10-06 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/high-fd-interest-rates/ - Categories: Fixed Deposit, Personal Finance - Tags: Book your FD now, FD interest rates, Fixed Deposit Every two months, India’s central bank’s Monetary Policy Committee meets to discuss the revision of Repo rates — the rate of interest at which commercial banks in India borrow money from the central bank. Typically, this is done to manage inflation. By increasing Repo rates, the flow of capital into the economy comes down because it becomes costlier to borrow. Similarly, by decreasing repo rates, the supply of capital in the economy increases. This means, higher repo rates can be used to control inflation.   When the repo rate increases, the FD rates will increase and when the repo rate decreases, the FD rates will fall.   On 6 Oct 2023, RBI’s Monetary Policy Committee unanimously kept the policy repo rate unchanged at 6. 50%. The committee reiterated its hawkish stance as it announced a rate hike pause for the fourth cycle in a row.   How will this rate-hike pause impact FD rates? And why does this make it the right time to invest in fixed deposits? Read the blog post below to understand how FD interest rates are likely to behave in the coming few months.   High FD interest rates trigger fixed deposit rush Fixed deposits are one of the safest investment alternatives available to investors. Unlike mutual funds or gold investments, the maturity value of an FD is fixed, which makes financial planning easy.   To rewind a bit, FD rates were abysmally low some two years ago, making it unattractive to investors. But this changed... --- ### How to download PAN Card: A step-by-step guide  - Published: 2023-10-05 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/personal-finance/how-to-download-pan-card/ - Categories: Personal Finance - Tags: PAN Card PAN, short for Permanent Account Number, is an important legal document in India. It is required to open bank accounts, file income tax returns, invest in financial markets, buy and sell property, and even travel outside India. In addition to this, you can also use a PAN card as photo identification proof at places where government documents are required as ID proof.   Understanding PAN Card and its significance PAN is a means of identifying taxpayers in the country. PAN Card is a 10-digit unique computer-generated alphanumeric number assigned to Indians, a majority of whom are taxpayers or a part of the formal economy.   All financial and tax-related information for a person is recorded against a single PAN number, which acts as the primary key for the storage of information. This is shared across the country and hence no two people on tax-paying entities can have the same PAN. The PAN Card is issued by the Income Tax Department. While a PAN is an identification number, a PAN Card is a physical card that mentions your PAN as well as the name, date of birth, father’s or spouse’s name, and photograph. Copies of this card can be submitted as proof of identity or date of birth. Types of PAN Cards and the issuing authorities PAN cards can be issued to any individual or entity that is liable to pay taxes such as individuals, HUFs, NRIs, companies, and institutions. The applicant status is represented by the 4th digit on the... --- ### Patta Chitta: Understanding Tamil Nadu land records - Published: 2023-10-03 - Modified: 2023-10-06 - URL: https://coinswitch.co/switch/personal-finance/patta-chitta-understanding-tamil-nadu-land-records/ - Categories: Personal Finance - Tags: Patta Chitta, Tamil Nadu Land Records Following the digitization wave in India, several states such as Tamil Nadu have made their land records available online. Since 2015, the Tamil Nadu state land records have been digitized and you can access them online by visiting the e-service website. Interestingly, these digitized land records are still known by their old name, Patta Chitta.   Patta Chitta is a combination of vital documents used for property transactions and documentation in Tamil Nadu. The documents will contain information related to land, its ownership, and revenue records. If you are planning to buy a property in Tamil Nadu, it is essential that Patta Chitta certificate for the same is available.   Patta (formerly known as Patta Chitta, but merged into Patta in 2015) is a legal document conferring the ownership of a piece of land or any other immovable property on a person/s. Here are some instances where the document will be required.   Patta Chitta establishes legal possession over land in case of vacant plots. This makes it a must in case the landowner is looking to sell the land.   It is a must in case of any dispute between the government or any third-party landowner and the landholder.   Patta will be required if the government acquires the land and the landowner is entitled to compensation.   Historical context: Merging Patta and Chitta in 2015 In 2015, the government of Tamil Nadu implemented the digitization of land records to simplify the process of searching for land records online.... --- ### Understanding NSDL: National Securities Depository Limited - Published: 2023-09-28 - Modified: 2023-10-04 - URL: https://coinswitch.co/switch/personal-finance/understanding-nsdl/ - Categories: Personal Finance - Tags: National Securities Depository Limited, NSDL, NSDL vs. CDSL NSDL is short for National Securities Depository Limited. NSDL was established in 1996, and in its more than 25 years of service, it has modernized India's capital market by replacing paper-based securities with electronic ones. NSDL is a financial entity that was established to hold all securities as non-physical or digital certificates. In simple terms, it can be compared to a digital vault for holding and managing financial assets, such as stocks, bonds, and mutual funds, in electronic form. It helps investors and companies keep track of their investments and transactions without the need for physical certificates or paperwork. Before NSDL came into existence, India's capital market was plagued by various challenges due to the reliance on physical certificates which involved human intervention throughout for the transfer and ownership of securities. It led to several problems like bad delivery of physical certificates, delayed transfers of titles, and a lack of transparency. Countering these challenges, the Depositories Act was introduced in August 1996, laying the foundation for the establishment of NSDL. This blog will provide you with a comprehensive guide to NSDL and its functions, covering all the necessary aspects you need to know before opening an NSDL account. Let’s dig in. How to open an NSDL demat account Before opening an NSDL demat account, it is important to choose the correct type of demat account suitable for investors to manage their securities that align with their investment needs. Types of NSDL demat accounts Basically, there are three types of demat... --- ### CoinSwitch PRO Innovation Zone: A new feature for PRO Traders - Published: 2023-09-22 - Modified: 2023-09-27 - URL: https://coinswitch.co/switch/crypto/coinswitch-pro-innovation-zone/ - Categories: Crypto - Tags: coinswitch pro, Innovation Zone As avid users of the CoinSwitch platform, you are well aware that CoinSwitch PRO has always been at the forefront of democratizing access to the crypto universe while ensuring the safety and security of our user community. Yet, you might be wondering how exchanges select coins for listing. Here’s a behind-the-scenes look at how we go about the selection process, plus a sneak peek at our newest offering, the Innovation Zone. Let’s dig in. Careful selection from a wide range of coins Since the time of inception, CoinSwitch PRO has offered a diverse range of coins for trading. Though our selection is vast, it is by no means exhaustive. Of the countless coins sourced from various blockchains, only a select 150 or so have made it to our platform. The stringent filtering reflects our commitment to maintaining a trust-filled environment for our users, who have always been our pillars of strength with their continuous support. CoinSwitch PRO serves an expansive user base that holds diverse views about coin selection. Some favor selecting from a huge range of coins, while others prefer a conservative approach, focusing on well-established coins. Our role as the mediator platform is to strike the perfect balance between the two points of view. Yes, popularity counts To maintain our leadership position among trading platforms, we prioritize listing high-demand projects without compromising user safety. Yes, popularity is a crucial criterion for selection. Yet, there are other parameters that coins must meet to be selected for the Innovation Zone.... --- ### API Trading vs. Manual Trading: Everything you need to know - Published: 2023-08-25 - Modified: 2024-02-23 - URL: https://coinswitch.co/switch/crypto/api-trading-vs-manual-trading/ - Categories: Crypto - Tags: API trading, manual trading How does one trade in cryptos? With increasing interest in crypto trading in India, it would be worthwhile to understand the various options available. Is there more to trading than just manual trading? Welcome to API trading, which is somewhat like the digital version of a stock broker. It will automate crypto trading for you and help you make informed decisions compared to manual trading. In this blog post, we will discuss API trading and the pros and cons of manual crypto trading vs. API crypto trading. Let’s dig in. What is Manual Trading? Manual trading is one where a trader opens and closes positions manually. Manual trading involves making trade decisions and executing trades based on personal research, analysis, and market knowledge. Manual traders use crypto trading terminals to collate information. They set up alerts and notifications so as not to miss market movements. In short, no transaction can be executed without the trader's go-ahead. What is API Trading? Application Programming Interface trading, or API trading, empowers traders to execute trades automatically. In other words, API connects the trader’s system to the exchange like a bridge. API trading, also known as automated or algorithmic trading, allows traders to retrieve real-time market data, place orders, check account balances, and monitor the execution of trades. API trading vs. Manual trading APIs form a software bridge between computers, allowing them to communicate with each other to execute a trade. They act as a code translator between computers to help carry out complex... --- ### All you need to know about Bitcoin ATMs in India > As Bitcoin's grows in popularity, Bitcoin ATMs are on the rise. They make Bitcoin more accessible. Read on to learn more about them. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/bitcoin-atm-in-india/ - Categories: Crypto, Explainers - Tags: ATM, BATM, bitcoin Some hail Bitcoin as the future of the financial world, while others view it as a bubble that will burst at any moment. Irrespective of the view one subscribes to, there's no doubt about the massive popularity of Bitcoin! And when anything is this successful, thousands of subsidiary businesses pop up. In the world of crypto, too, following the success of Bitcoin, there was an interesting development: the Bitcoin ATM. What is a Bitcoin ATM? Anyone who has used an ATM, a. k. a. a cash machine, could guess what a Bitcoin ATM is. A machine where people can buy and sell Bitcoin and other cryptos using cash. It is usually set up in a kiosk-type of infrastructure that can connect the user, via the internet, to their crypto wallet. Bitcoin ATMs are not associated with any bank and do not require your bank account details. Powered by blockchain technology, these machines allow you to deposit any crypto purchased into your digital wallet. Although these transactions can be made online, introducing ATMs simplifies the process. In summary, here are some of the main things to know about them: Users can purchase or sell cryptos using Bitcoin ATMs. They usually use QR codes to receive and send tokens to users’ digital wallets. You don't need to use your bank credit or debit cards to access Bitcoin ATMs. And they are not connected to any bank account. Third-party companies usually own and operate Bitcoin ATMs. How do Bitcoin ATMs work? Bitcoin ATMs... --- ### Crypto KYC: What does it mean, and why is it important? > KYC is a word that you will hear a lot if you are new to the world of crypto. KYC stands for "Know Your Customer." Know more about KYC here. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-kyc/ - Categories: Crypto, Explainers - Tags: crypto, KYC Cryptocurrencies have soared in popularity in recent years. Moreover, as cryptos are protected cryptographically on their respective blockchains, transactions between users remain largely anonymous and happen in real time. Unfortunately, this makes crypto transactions vulnerable to criminals attempting to bypass traditional anti-money laundering (AML) restrictions. Thankfully, global authorities have geared up to this challenge and devised ways to strengthen security to protect investors. In 2019, for instance, the US regulators, the Securities and Exchange Commission (SEC), The Financial Crimes Enforcement Network (FinCEN), and The Commodity Futures Trading Commission (CFTC) designated cryptocurrency marketplaces as money service organizations (MSBs). Accordingly, the companies complied with the Know Your Customer (KYC) and anti-money laundering (AML) regulations under the Bank Secrecy Act of 1970. In India, though, crypto assets are unregulated. Yet, all reputed exchanges in the country diligently follow accepted norms to guard against attempts to route illegal money through crypto investments. Accordingly, every consumer who wishes to open an account on a crypto exchange has to undergo a KYC procedure. The exchange verifies your identity to ascertain that you are who you say you are while undertaking the KYC procedure. How does the crypto KYC procedure work? KYC in crypto attempts to avoid illicit actions such as financial fraud, terrorist funding, and tax evasion by authenticating a customer's identity. Some exchanges might allow customers to open an account before completing the crypto KYC procedure. However, these accounts will not become fully operational until the verification process is completed. Many exchanges, for instance, will... --- ### Benefits and applications of blockchain in cloud computing > Advantages of blockchain in cloud computing are manifold. The distributed, secure, and transparent nature of blockchain makes it a good fit. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/benefits-and-applications-of-blockchain-in-cloud-computing/ - Categories: Crypto - Tags: blockchain, cloud computing The advantages of blockchain technology are manifold, benefiting several industries. The distributed, secure, and transparent nature of blockchain makes it a good fit for cloud computing systems. Integrating blockchain technology in cloud computing has emerged as a promising solution to address data security and privacy concerns. By leveraging blockchain, cloud computing can improve data security, reduce costs, increase scalability, enhance transparency, and streamline transactions. Furthermore, blockchain can enable new use cases in cloud computing, such as decentralized cloud storage, identity management, and smart contracts. Let’s discuss these capabilities in detail. Introduction to blockchain technology and cloud computing Blockchain technology is a decentralized, immutable ledger that enables secure and transparent transactions. Cloud computing is the most significant computing resource over the internet. Together, they offer robust solutions for businesses and individuals. Overview of blockchain technology Blockchain technology is a distributed ledger system that records transactions securely and transparently. It operates through a network of nodes that validate transactions and reach consensus. The advantages of blockchain are its decentralized approach that eliminates intermediaries and provides greater security and transparency. Understanding cloud computing Cloud computing is the most on-demand computing service over the internet. It allows users to access shared resources like software and storage. The cloud infrastructure can be public, private, or hybrid. It provides flexibility, scalability, and cost savings. Benefits of integrating blockchain with cloud computing Integrating blockchain with cloud computing can enhance data security, privacy, and transparency. It can create an immutable transaction ledger, prevent data tampering, and enable secure... --- ### What are altcoins, and which are the best ones out there? > Altcoins refer to any crypto that is not Bitcoin. Currently BTC captures nearly 50 percent of the market, the rest is covered by Altcoins. Learn more about altcoins here. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-are-altcoins/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins Bitcoin is undoubtedly the most popular coin out there, but there is so much more to crypto than Bitcoin. This article is all about those other options—altcoins. Altcoins: What are they? Any cryptocurrency that is not Bitcoin is called an altcoin (short for alternative coins). Currently, Bitcoin comprises nearly half of the crypto market cap, followed by an altcoin named Ethereum, which accounts for almost a quarter. Additionally, all the remaining altcoins constitute around 30% share of the market. The blockchain network on which Bitcoin operates is pathbreaking because it’s an anonymous Peer-to-Peer (P2P) payment network that operates without a central authority overseeing its functioning (thus, the term “decentralized”). Altcoins run on the same basic structure as Bitcoin and use the same technology. So why do we need them? Why did we need altcoins? Because many of them do aim to improve upon Bitcoin or have a different goal. Not all altcoins are valuable and useful in terms of functionality and utility, but many are. Fact Check: The first altcoin, Namecoin, was released in April 2011. Namecoin proved that there was room for more than one kind of coin. An example of a coin with a different goal from Bitcoin is Litecoin. As the name suggests, this altcoin was created as a “lite version of Bitcoin. ” On the other hand, some altcoins try to overcome a problem that Bitcoin has not addressed. For example, since the algorithm Bitcoin uses to verify transactions—Proof of Work (PoW)—is not so eco-friendly, altcoins... --- ### Everything you need to know about crypto investment > Cryptocurrency is the newest asset class to invest in today, but you must understand how to make investments in it. Check our guide for crypto investment & things to consider before investing. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/crypto-investment/ - Categories: Crypto, Explainers - Tags: investing Cryptocurrency markets have emerged as an attractive investment option in recent years. Here, we hope to give you valuable information about cryptocurrency investing, the cryptocurrencies to invest in 2022, and how to choose the best from over 18,000 cryptocurrencies available in the market today. Which Crypto is Best to Invest? Finding the best cryptocurrency to invest in can be difficult, but when you know what you’re looking for, the choice becomes easier. There are numerous options in the market and experts employ various criteria for selecting the best-performing cryptos for investment. The list below takes a look at the top 10 cryptos to invest in 2022 using market cap value as the base criterion. Market capitalization figures are as of July 2022. Bitcoin (BTC) - $427. 71B One of the top cryptos to invest in 2022 is Bitcoin. As one of the first cryptocurrencies in the market, Bitcoin has gained a favorable reputation in the market, leading in terms of both market cap and performance. While Bitcoin has had its share of downturns, it has managed to withstand pressures that have affected other coins. Currently, top companies such as Microsoft, PayPal, and Starbucks accept Bitcoin as payment, a development that highlights its mainstream acceptability. Ethereum (ETH) - $144. 23B When investors consider the top cryptos to invest in, Ether is by far the second-best option after Bitcoin. As the closest competition to Bitcoin, Ethereum has a strong market valuation and stable performance. Ether’s popularity is driven by the rising demand... --- ### Premature FD Withdrawal: Interest, Penalty & Charges > What is premature FD withdrawal? Why do banks penalize it? And what does the penalty entail? Learn all about it with this quick read. - Published: 2023-07-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/premature-withdrawal-of-fds-interest-calculation-penalty-and-charges/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit, premature withdrawal After 25 years, the time Usha had long looked forward to had arrived. Her daughter was finally getting married. As her daughter’s marriage date arrived, Usha, who had meticulously saved up over the years, decided to withdraw a partial sum from her Fixed Deposit (FD). Under normal circumstances, she would have waited for the term to end before using or re-investing the money. But this time, the situation was different. So many were the wedding expenses that she had to withdraw money mid-term. The bank’s representative informed her that, per the rules, a premature withdrawal of her FDs would cost ₹14,000 plus GST and processing fees. Usha could use some of the FD money, but she never understood why the bank penalized her for withdrawing her money. If she had read this article, she wouldn’t have to wonder. Premature FD withdrawal penalty: Why do we have it? To understand the penalty for premature withdrawal of an FD, one needs to first comprehend how a bank works. A bank’s operating procedure is simple. It involves a borrower (someone who needs the money), an intermediary (the bank), and a lender (your deposits). As a mediator, the bank can arrange funds from several lenders like you on the promise of good interest rates. The bank does this to offer money to the borrowers. Banks earn from the difference between what it offers to lenders like you and borrowers who approach the bank for a loan. As a lender, if you approach the bank... --- ### Bike-To-Earn crypto project to start presale soon > BikeN app motivates users to start biking through a reward system. Users can exercise, earn, compete, and interact while they bike. - Published: 2023-07-27 - Modified: 2023-11-22 - URL: https://coinswitch.co/switch/crypto/bike-to-earn-crypto-project-to-start-presale-soon/ - Categories: Crypto, News-old - Tags: crypto, news If earning a living leaves you little time to exercise, the solution is here. Biking-to-earn is now an option with the presale and private sales of BikeN, a lifestyle app with metaverse integration, starting next week. The app built on the BNB chain has a reward system to motivate users to start biking. The latest venture in the “move-to-earn” category, BikeN combines play-to-earn gaming with a fitness app. It incorporates Social-Fi and Game-Fi elements, allowing people to exercise, earn, compete, and interact at once. The aim is to promote a healthy lifestyle for people by providing access to a fun, interactive, and profitable virtual world. BikeN will provide both indoor and outdoor biking experiences. Indoor users can turn their living room into a virtual world with creative backgrounds and access to the metaverse. Outdoor users can track and map their route, competing and achieving leaderboard rankings and interacting with each other and millions of other bike enthusiasts worldwide. The project plans to host competitions and cycling marathons for players to compete in. Founder and CEO of BikeN, Ian Curtis had the vision of helping individuals in countries who lack financial and work opportunities. He wanted to give people an alternative way to earn an income. FAQs How do you earn crypto with bikes? It's important to note that the availability of these opportunities may vary, and the success of earning crypto with bikes could depend on factors such as geographic location, the popularity of cycling activities, and the specific initiatives... --- ### Litecoin transactions explained > Litecoin is the fifth biggest crypto by market transaction value. Read on to learn about Litecoin transactions, how they work, why they’re efficient and more. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/litecoin-transactions-explained/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, blockchain Litecoin (LTC) was created from a Bitcoin fork in 2011. It has since earned a great reputation and is widely considered to be dependable. As a mineable peer-to-peer payment system, Litecoin is now known as the “lite version of Bitcoin. ” Read on to learn all about its functionality, how it compares with Bitcoin, its fees, and the speed of transactions. What is Litecoin? Litecoin is a crypto that was created by Charlie Lee, a former Google engineer, in 2011. Lee called Litecoin the “silver” to Bitcoin’s “gold. ” Today, everyone has come to agree with his assessment. Litecoin now features among the top 10 cryptos globally. Many developers believed that Bitcoin was firmly controlled by large miners. So, when Litecoin—with its new encryption method—was launched, the hope was that it would make mining accessible to all. While the plan to protect Litecoin from the influence of big miners failed—because enterprises adapted machinery to expand their mining capacity—the coin still grew in popularity. Bitcoin vs. Litecoin Despite the shared origin, both cryptos are unique in many aspects, including their cryptographic algorithms and transaction speeds. The list below presents the main differences between them. Consensus mechanism Bitcoin and Litecoin use the Proof-of-Work mechanism. But while Litecoin relies on larger memory, because it employs Scrypt for its hashing function, Bitcoin relies on GPU or CPU computing power alone. Scrypt—a password-based essential derivation function—requires large amounts of memory. It helps to secure Litecoin and is considered more effective than Bitcoin’s SHA-256 algorithm. Market... --- ### Top 5 Ways to Save Crypto Taxes in India > Looking for ways to save on crypto tax is not easy. Here, we will discuss the best ways to reduce your crypto tax. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/tips-to-save-tax-on-crypto-gains/ - Categories: Crypto - Tags: crypto, india, tax saving Crypto is unregulated in India, but taxes apply to them now. Taxes aren’t a bad thing. They help you contribute to your nation’s wealth, infrastructure, and future. But it is important to keep saving up for our own personal future, too. Do you know there are ways to save on the tax on your crypto gains? Why learning how to save on crypto tax instead of avoiding it is important First things first, it is never wise to “avoid” your tax liabilities. Some think that using decentralized exchanges is a way out of paying tax money. But decentralized exchanges can be complicated to use, and you will have to bear all the risks involved on your own. More importantly, in the end, when you convert your gains to fiat, you will end up having to pay tax anyway. So using a decentralized exchange only helps delay your taxes; there are no long-term benefits. In any case, as citizens, it is our responsibility to follow the law and pay our dues diligently. It’s a better idea to focus on how you can save taxes—that is, not pay unnecessary taxes when you don’t really have to—rather than avoid them. Toward that end, let’s start by understanding how these taxes work. What taxes apply to cryptocurrency in India? The Union Budget for the financial year 2022–23 introduced taxes on crypto under the Income Tax Act. The Act defines Virtual Digital Assets (VDAs) as: “... any information or code or number or token (not... --- ### Which cryptos to buy? For beginners in 2023 > If you are a beginner, it can be confusing to pick the best cryptos to buy. Here is a brief guide to help you out. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/which-cryptos-to-buy-for-beginners-in-2023/ - Categories: Crypto - Tags: beginner investors, crypto Taking that first step is always the hardest. We know that. We’ve all been there. That’s why we’re trying to make it a tad easier with this article. We can’t and won’t tell you what cryptos to buy. But we sure can nudge you in the right direction and equip you with the right information. Here’s hoping you find the coin that works well for you with our list of the best cryptos to buy for beginners in 2023. Overview Cryptocurrencies have taken over the financial world in the past few decades. These blockchain-based digital assets are growing and multiplying, and so is the interest in them. Cryptos are different from traditional investments and arguably the better ones. They offer more liquidity than physical assets like real estate. And they help decentralize finance with their open-source technology. But there are many cryptos in the market today, and if you are new to the business, it can be rather confusing and overwhelming. Learning how to identify good cryptos can help you make the most of your money. Best beginner cryptos to buy in 2023 If you’re looking for the best crypto to buy today, put your investment on hold. There are many good options, but the market changes every minute. Plus, no one crypto will work for everyone. Each crypto varies in terms of liquidity, use cases, demand, supply, etc. You need to learn to factor all these things in before making a choice. Beginners may not do well with some... --- ### Crypto trading 101: A beginner’s guide to profit making > Crypto trading simply means buying and selling coins and predicting their future prices. Read this beginner's guide to learn more. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/crypto-trading-101-a-beginners-guide-to-profit-making/ - Categories: Crypto - Tags: crypto trading, crypto trading strategies, crypto wallets Trading crypto involves buying and selling coins and predicting their future price movements. It is done using a CFD (Contract for Difference) trading account or exchange. This post will examine all of the paths a cryptocurrency trader can take. It describes and weighs the pros and cons of day trading, high-frequency trading (HFT), futures trading, dollar-cost averaging, and scalping. For anyone wondering how to learn crypto trading, this post is the answer. Understanding the basics of crypto trading In recent years, many key financial institutions have included crypto in their portfolios. As a result, cryptocurrencies seem to increasingly be making an appearance in the investment portfolios of individuals too. Given this scenario, it’s high time you get your basics of crypto trading sorted. And we’re here to help you do just that. What is crypto trading? Cryptocurrency trading or crypto trading is essentially the buying and selling of cryptocurrencies via an exchange. However, the term also refers to speculative trading, where you don’t actually hold the asset but earn by speculating correctly about its future price movement. Types of crypto trading strategies There are many strategies a trader could use to begin trading in crypto. We discuss some of them below. 1. Day trading: Day trading in crypto is when you enter and exit a market position quickly on trading hours of the same day. Because deals are frequently initiated and completed within a single day, they are also referred to as intraday trading. 2. Arbitrage trading: To benefit from... --- ### How to set stop-loss and take-profit orders > A stop-loss order is an order placed with a broker to buy or sell a specific stock, while a take-profit order specifies exact price. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/how-to-set-stop-loss-and-take-profit-orders/ - Categories: Personal Finance - Tags: stop loss, take profit Traders employ various methods to maximize profits and limit losses. How to set stop-loss orders and take-profit orders is an integral part of any trading strategy, helping you reduce exposure and make gains, as the case may be. This blog will educate you on the differences between the two approaches and how to use them effectively. What is a stop-loss order? Traders place stop-loss orders when they want to achieve one of the two things: Protect a portion of their unrealized profits on a coin’s position Limit risk of losses on an existing position For both, these orders are placed on existing positions—buy or sell. A stop-loss order triggers a market order when a specified threshold is reached. For instance, if a stop-loss order is set at $15, a market order for sell (or buy) is automatically triggered when the price reaches $15. Stop loss orders are usually set when trades are first executed, that is, when positions are first taken. For instance, an ADA trader could enter an order to buy 10 ADA at $0. 5 each and set a stop-loss at $0. 35 to limit further losses. When the price reaches $0. 35, the ADA gets sold automatically, reducing exposure to any more dips. Determining stop-loss order Most traders set their stop-loss as a percentage of their buy price. At a stop-loss of 10%, for instance, a coin bought at $10 will have a stop-loss set at $9. Whenever the price goes to $9 or lower, the coin... --- ### What does it mean to go long in crypto? > Going long means buying and owning a crypto asset, hoping that its price will increase. Learn how to go long on crypto here. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-does-it-mean-to-go-long-in-crypto/ - Categories: Crypto - Tags: crypto, going long, long on crypto In crypto and stock markets alike, a thorough knowledge of specific terms is essential to understand the functioning of the market. If you are a trader or investor, you would be familiar with “going short” and “going long,” words that are a part of market speak. Here, we will discuss “going long” in detail. Essentially, going long means buying an asset and owning it hoping its price will increase. Let’s understand what “going long” means and how it applies to the crypto market. What is going long in cryptocurrency? It is important to differentiate between “going long” and “going short” to understand the term better. The term “going long” in the crypto market means buying a crypto asset. And, the opposite of going long is going short, which means selling the crypto asset. However, depending on the market conditions, the term “long” is used differently and can have different meanings depending on the context. For example, if someone asks you if you are going long on Bitcoin, he wants to know if you are buying Bitcoin. Likewise, if someone says, “I am long on Bitcoin,” it means the person owns Bitcoin. In the market, whether it is a stock or crypto, going long indicates a prevailing bullish sentiment, and the price of the asset may experience an upside move in the short to mid-term. For example, Michael Saylor, an American entrepreneur and former CEO of MicroStrategy, is long on Bitcoin. Can you go long on crypto? Yes, you can. You... --- ### What is the difference between NFTs and JPEGs? > Can your doodles and digital images be sold for a six-figure? Find the answer as we discuss the difference between NFTs and JPEGs. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-the-difference-between-nfts-and-jpegs/ - Categories: Crypto - Tags: jpeg, NFT We have had digital images and art for a long time now. So what’s so special about NFTs? What’s the craze all about? And can your doodles and digital images be sold for a cool six-figure? Find the answers to all of that and more as we discuss the difference between NFTs and our good ol’ JPEGs. So keep reading! What are NFTs? Non-Fungible Tokens, or NFTs, are digital assets stored on the blockchain. Unlike crypto tokens, like Bitcoin, which are fungible (meaning each unit has the same value as any other unit), NFTs are one-of-a-kind. That means they are unique and cannot be exchanged for another identical item because there is no identical item. NFTs can represent anything valuable, including digital art, music, videos, and tweets. That includes JPEGs of images. Because they are represented and stored on the blockchain, their authenticity is verifiable. And they cannot be duplicated or tampered with. NFTs are bought and sold on blockchain marketplaces. Their value is determined by market demand, just like any other asset. NFTs have also opened up new possibilities for artists and creators. It allows them to safely store digital copies of their work and monetize it digitally. Read more about them here. NFT features NFTs have several features that distinguish them from other digital assets. They are unique, verifiable, and can be traced to their original owner. Besides, they are scarce, transferrable, programmable, and interoperable across blockchain platforms. All of that makes them easier to monetize. They, therefore,... --- ### Is Ethereum legal in India? > As crypto assets are unregulated in India, the legal status of Ethereum remains unclear. Last, the government had introduced a 30% tax on the profit generated. Read here to know more on the legality of ETH. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/is-ethereum-legal-in-india/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, policy Ethereum, the world’s second-largest cryptocurrency, is a blockchain-based platform that has its native token Ether. Ethereum has soared in popularity in different countries, including India. Yet, as crypto assets are unregulated in India, the legal status of Ethereum remains unclear. The government’s only move so far in the crypto space has been the introduction of a 30% tax on the profit generated from crypto transactions, besides the 1% TDS on virtual digital assets. There have been mixed reactions to the tax proposal with some viewing it as detrimental to crypto-assets such as Ethereum, while crypto-backers see it as favorable.   However, despite the slapping of tax and other measures, Indian investors appear enthused about cryptos, going by the increase in transaction volumes. History of Ethereum Ethereum is the brainchild of Vitalik Buterin, who co-founded Bitcoin Magazine while working as a programmer in 2011. The main idea was to develop a platform that focuses on financial use and several applications such as smart contracts. Soon after, Buterin published a whitepaper in a general script language to breathe life into his imagination. He envisioned Ethereum to perform other functions besides being traded as a crypto asset. The project took off in 2015 when the founders Buterin and Jose Lubin launched Ethereum, then known as Frontier. It followed a funds drive through crowdsourcing campaigns to support the platform that started in 2014. A terrible turn of events involving cybercrime almost destabilized Ethereum when a group of decentralized autonomous organization (DAO) networks stole $50... --- ### Crypto Trading in India: Regulations, Strategies, Opportunities > Read about crypto trading in India, the basic steps to follow while starting to trade, crypto strategies, the risks involved in trading, and other important details. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/cryptocurrency-trading-in-india/ - Categories: Crypto, Explainers - Tags: investing, markets The history of crypto in India is short but impressive. Five years ago, crypto exchanges were virtually nonexistent. Today, there are at least 15 million crypto traders in the country. Multiple news reports in 2o22 stated that India-based traders hold at least $5. 3 billion in cryptocurrency, making it one of the top crypto trading countries. If you’ve been planning your debut in the crypto market or need to advance your knowledge of crypto trading in India, you’re in the right place. Here’s where we share all you need to know on the topic of crypto trading. Cryptocurrency trading: What’s that? Trading is the process of buying and selling assets by timing the market. Studying short-term market trends can help traders buy and sell an asset for a profit. Crypto trading is also the same, except that traders wager on crypto price movements. By employing different techniques, crypto traders take advantage of the crypto market’s volatility to gain favorable earnings. Please note that crypto trading is not the same as crypto investing. Trading is all about using market information to earn profits in the short term, with the returns gained daily, monthly or quarterly. Unlike crypto investors—who employ a long-term approach—crypto traders don’t need to hold crypto for a long time. How to trade in crypto? There are two significant ways to buy and sell cryptocurrencies—using Contracts for Differences (CFDs) and exchanges. How to Trade Crypto Using CFDs CFDs provide a perfect platform for speculation and fast earnings for traders... --- ### Understanding Cryptocurrency Apps in India > Best cryptocurrency Apps in India: Read and know about wide range of cryptocurrency exchange apps available in India. Check how much fees do they charge and other important details. - Published: 2023-07-27 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/which-app-is-best-for-cryptocurrency-in-india/ - Categories: Crypto, Explainers - Tags: investing After cryptocurrencies made a splash in the Indian financial markets in 2020, millions of Indians have taken to investing in them. In fact, there is such a spurt in the number of users that the government has decided to try to establish a regulatory framework for smooth investments. If crypto has caught your interest too, you’re at the right place. Because to begin your investment journey, it helps to know how to invest, which exchanges operate in your country, and which are the best ones out there, and that’s what this article is all about! How to choose a good crypto app? Choosing the wrong crypto trading platform can prove to be a deal-breaker for many new traders. And not just because a bad user interface can be a turn-off. Some platforms can feel like a rip-off because of their huge fees, and it is a matter of safety too. Investors, therefore, need to be careful while evaluating the options available. Follow these steps to identify the best exchange for your trading goals. 1. Assess security features. The first thing to keep in mind while investing in crypto is the security and integrity of the exchange. In February 2014, one of the earliest crypto exchanges, Mt. Gox, found unusual activity on its exchange. Before any action could be taken, the exchange was hacked, and 8,50,000 bitcoins were lost. Only 2,00,000 of these coins could be retrieved later. The exchange collapsed. Several other exchanges, too, have been compromised or hacked, and... --- ### Understanding P2P Crypto Trading and How It Works ? > This guide will help you understand cryptocurrency P2P trading, how it differs from centralized exchanges, and its benefits and drawbacks. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-p2p-crypto-trading/ - Categories: Crypto - Tags: P2P, peer-to-peer, trading P2P technology predates crypto. If you’re a 90s kid you may remember Napster. That was the first P2P music-sharing platform. Since then, the underlying technology has moved into and assumed an important role in the financial world. Wary and tired of centralized intermediaries, people have taken to using P2P to transfer virtual digital assets. This technology, therefore, plays a big role in P2P crypto trading. This is where you get to learn all about it and how exactly it works. What is P2P trading? Peer-to-Peer (P2P) literally means from one person to another. P2P networks are those networks of computers where each computer acts as a client as well as a server. P2P crypto trading is one of the most interesting applications of this type of network. So it works like UPI payments? Nope. Remember, with UPI payments, while you and your favorite grocery store are transacting, the funds get transferred only because there is a payment merchant and a bank involved. That means there are still some centralized intermediaries with UPIs. P2P trading in cryptocurrencies is a little different. Here, you can select your buy or sell price and find a person willing to meet you at that price with no centralized third parties mediating the transaction. There is, however, a decentralized mediator in the form of an exchange. There are no charges. And since there are no centralized intermediaries, there are no commissions either. Besides, you don’t have to risk losing your funds due to someone else messing... --- ### How to protect your fixed deposit investment from frauds and scams > Fixed deposit frauds and scams are fraudulent activities that pertain to fixed deposit investments. Read on to learn to secure yourself. - Published: 2023-07-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-protect-your-fixed-deposit-investment-from-frauds-and-scams/ - Categories: Fixed Deposit, Personal Finance - Tags: FD fraud, fixed deposits Cybercriminals always have their eyes on us. So we must also be aware of their presence and secure ourselves against them. One of the most basic things to do if you want this type of investment is to learn about fixed deposit frauds and scams. What are fixed deposit frauds and scams? Fixed deposit fraud is a kind of fraudulent activity concerning fixed deposit investments. This sometimes involves someone posing as a representative of your bank, fishing for personal details. They use the details to create FDs in the user accounts, which they then use to secure overdrafts. Other times, frauds have been known to approach customers and pretend to open FD accounts. With such scams rising, the State Bank of India issued an advisory in 2021 asking people to safeguard their personal information. How to avoid fixed deposit fraud The best way to protect yourself is to learn to identify and avoid fixed deposit fraud. Read on to learn how. Use the right internet service. Ensure you use a safe internet connection while accessing your online accounts. Digital fraudsters are always looking for safety loopholes to steal personal details. And a secure network will leave the door open for them to do so. That’s why avoiding public or unknown networks while conducting online transactions is essential. Ensuring you have excellent malware installed on your computer will also help. Be cautious while using your card. Never disclose your credit/debit card information to anyone, especially if you have a fixed deposit.... --- ### What is income? > Income is the net sum of payments received within a specific time period. Learn more about income and its types by reading this article. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-income/ - Categories: Personal Finance - Tags: income, personal finance The “money comes, money goes” way of looking at things can only take you so far. Breaking out of this survival mindset is the first step on the path to financial success, but there are many other simple but practical things that you can do to get ahead in life. One of them is keeping track of the income you are making. But to do that, you first need to understand what income is and what are the different types. This article will try to help you do just that. Learn all about the difference between gross and net income and how to calculate your taxable income here. What is income? The word “income” dates back to around 1300 CE. At the time, it meant arrival or entrance. Then, around 1600 CE, the term officially entered the English language. It assumed the meaning “that which comes in as payment for work or business” during this time. Today, income refers to the money that individuals earn in exchange for labor and goods and services. In business, revenue, which is considered a type of income, is categorized under several heads like income from operations, investing activities, and financing activities. But in personal finance, the primary source of income is either wages or salary. Secondary sources of income include interest, dividend income, and rent from house property, among others. Types of income Income can be classified into three different types based on the kind of source. 1. Active income This type of income... --- ### Short selling: What you need to know? > Short selling is an investment strategy to profit in a declining market. Know more about short selling with this article. - Published: 2023-07-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-short-selling/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, short-selling, trading Short selling is an investment strategy that can help you profit in a declining market. If that sounds exciting, stick around. Because in this article, we’re covering everything you need to know about it. Understanding short selling Short selling is a way to profit from a falling stock market. In this strategy, the trader sells shares after borrowing them. Later, they repurchase them at a lower price again and return them to the lender. This way of trading can be risky as the losses can be unlimited. But it can also be a powerful hedge against inflation in a long-term investment portfolio. Mechanics of shorting stocks To sell stock in this way, an investor must borrow shares from a broker. The investor then sells these shares on the open market. If the price of the stock falls, the investor can buy back the shares at a lower price and return them to the lender. They get to keep the difference—the profit. However, if the stock price rises, the buyback will cost more, resulting in a loss. Short selling vs. long-term investing Short selling, a speculative strategy, is very different from long-term investing. They are as far apart as apples and oranges in the context of trading. Long-term investing involves buying and holding stocks for an extended period of time. To invest in this way, one must focus on the fundamentals of the company—such as its financial health, growth potential, and management team. On the other hand, short selling focuses on... --- ### Metaverse cryptos to keep an eye on in 2023 > The metaverse looks set to become the next big thing. Here’s a list of top metaverse crypto coins in 2023. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/metaverse-cryptos-to-keep-an-eye-on-in-2023/ - Categories: Crypto - Tags: crypto, metaverse, metaverse coins Every English-speaking person on the planet has probably heard the term “metaverse” at some point by now. Whether or not it’s worth all the hype, there’s money to be made by investing in the metaverse. And if you’re reading this, you probably know that already. But so many options out there, knowing which specific coins to pick can still be confusing. Not anymore, though, without a list of the metaverse crypto coins to keep an eye on in 2023. Top metaverse crypto coins in 2023 The metaverse looks set to become the next big thing. And as it is with all next big things, there’s money to be made if you know where exactly to invest. So here’s a list to urge you to do your own research and get that investment journey going. 1. Decentraland (MANA) In 2023, the most exciting development in the realm of metaverse crypto coins is probably Decentraland. Decentraland is a web-based 3D virtual world. Decentraland users can buy Non-Fungible Tokens (NFTs) that represent pieces of virtual land with the platform’s native token, MANA. This metaverse is based on the Ethereum blockchain. The creators, Ari Meilich as well as Esteban Ordino, started work on this project in 2015. It was finally released in February 2020. A non-profit group that goes by the name of Decentraland Foundation runs the show. 2. Sandbox (SAND) The Sandbox is one of the oldest and most well-known metaverse projects. It all started in May 2012, when a 2D game was... --- ### What are CE and PE in the stock market? (Updated) > CEs and PEs are types of investment contracts in the stock market. Read on to learn all about them and the put/call ratio. - Published: 2023-07-27 - Modified: 2025-02-27 - URL: https://coinswitch.co/switch/personal-finance/ce-and-pe-in-the-stock-market/ - Categories: Indian Stocks, Personal Finance - Tags: CE and PE, put-call ratio, stock market Put simply, stock market trading involves buying and selling shares through an exchange to make a profit. But is it that simple? Technology has made access to financial markets easier and, in a sense, a tad complicated for retail investors. Experienced share market traders would be familiar with options trading—financial contracts that give traders the right to buy or sell assets at a predetermined price over a fixed period. Call Options (CE) and Put Options (PE) are essential terms to understand if you wish to try your hand at options trading. Understanding CE and PE can open up exciting trading opportunities, whether you’re looking to boost profits or protect your portfolio. This blog post will explain the basics of CE and PE and provide you with all the ammo to ace options trading. Understanding CE and PE in the stock market CE stands for Call European, commonly known as a call option. In other words, it’s an investment contract that gives the buyer the right (but not the obligation) to purchase an asset—like stocks, bonds, or commodities—at a set price (called the strike price) within a specific time frame. If the asset’s price rises above the strike price, the buyer benefits by buying at a lower rate. On the other hand, PE stands for Put European or simply a put option. It gives the holder the right (but not the obligation) to sell an asset at the strike price within a predetermined period. This works best when an investor expects... --- ### Understanding different types of crypto calculators > Crypto calculator helps in calculating profits and predicting the amount of money you can make in a trade. Read this blog to know more. - Published: 2023-07-27 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/understanding-different-types-of-crypto-calculator/ - Categories: Crypto - Tags: crypto calculator, Type of crypto calculators Crypto investments have emerged as one of the most profitable online income streams. Many people have begun to make smart choices in their investments since the market's launch in 2009. Although the market has historically been very volatile, early investors have found the risk to be worthwhile. However, many crypto investors lack the necessary tools to determine how much money they have made from trading. Use a crypto calculator to track your profits and estimate future gains if you are a new crypto trader. What is a crypto calculator? A crypto calculator is a tool that forecasts how much tax an individual will be required to pay on the profits from crypto transactions. This can be incredibly beneficial for crypto investors. How to use a crypto calculator There are numerous crypto profit-and-loss trading calculators available on the internet to help you calculate your earnings or estimate how much money you can make in a trade. Simply enter the amount you want to spend or have already invested, as well as the purchase price, to use the calculator. The profit will be displayed when you indicate how much you hope to sell the coin for or how much you sold the coin for. These crypto converters and calculators may be used to track the current value of various crypto, which is helpful in estimating future crypto profits because you will need to use the current coin price as your purchasing price. Type of crypto calculators You need a crypto calculator to... --- ### What is the 7/10 rule in investing? > The 7/10 rule is a mathematical indicator that focuses on the time frame of investment and the interest rate. - Published: 2023-07-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-7-10-rule-in-investing/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, investing We have all heard about the famed 60-40 equity-bond investment mix followed by many Amercian investors as a rule of thumb. This blog post will discuss the 7/10 rule in investing, which is a mathematical indicator that focuses on the time frame of investment and the interest rate. It's important to remember that the 7/10 rule is only a broad investment indicator. Therefore, you should seek financial advice before making any investment decision. Understand the 7/10 rule in investing The 7/10 rule in investing is a straightforward method to calculate the fair value of a company's stock. The rule states that a company's stock price should either be seven times its earnings before interest, taxes, depreciation, and amortization (EBITDA) or 10 times its operating earnings per share. To apply the 7/10 rule, first determine the company’s operating earnings per share or EBITDA. Multiply that figure by either 7 or 10, depending on the version of the rule used. It gives you an estimated fair value for the stock. It's crucial to note that the 7/10 rule is just a broad guideline. However, this should not be relied upon as the only basis for making investment decisions. It would help if you also considered other factors, such as the company's growth potential, competitiveness, and market condition. The formula serves as a starting point for more in-depth valuation techniques. Definition and explanation of the 7/10 rule In other words, the 7/10 rule is a time and interest-based investment rule. For example, you... --- ### Is Bitcoin legal in India? > Bitcoin is a virtual currency that can be traded and invested in. This article talks about the legal status of Bitcoin in India and what you should know before investing in it. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/is-bitcoin-legal-in-india/ - Categories: Crypto, Explainers - Tags: bitcoin, policy Currently, Bitcoin and other crypto assets are not illegal in India but they are unregulated. What does that mean? Well, the answer is complicated. It doesn’t help that the Reserve Bank of India (RBI), the Supreme Court, and parliamentarians all have their own stances and those stances have kept changing. Which is why we are here to help. But first, a brief detour to set the context. The history of Bitcoin Bitcoin—the world’s largest cryptocurrency so far—emerged out of the turmoil of the 2008 economic crisis. The transaction token was meant to serve as a hedge against inflation. Bitcoin is believed to have been created by an unknown person/group that goes by the name of Satoshi Nakamoto. Nakamoto published a white paper on crypto and mined the first bitcoin ever. Mining is the process by which new bitcoins are created. But it is also how they are transacted on the blockchain. Traditionally, third parties like banks and other institutions are involved in financial transactions. These parties may interfere with or reverse transactions, and their involvement may push up transaction costs. This is why Bitcoin created a mode of transaction called mining, which would not involve a third party. To avoid relying on third parties and to maintain the integrity of the network, Bitcoin uses cryptographic proof. On 22 May 2010, Laszlo Hanyecz, a programmer, became the first to trade BTC. He traded 10,000 bitcoins to buy 2 pizzas, and there has been no looking back since. The 22nd of May... --- ### What does 'To The Moon' mean in cryptocurrency? > “To the moon” refers to the firm belief that the price of a specific cryptocurrency will rise substantially shortly. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-does-to-the-moon-mean-in-cryptocurrency/ - Categories: Crypto - Tags: crypto, to the moon The phrase "mooning," widely used as a verb, refers to a crypto witnessing a major upward market trend. “To the moon” refers to the firm belief that the price of a specific cryptocurrency will rise substantially shortly. Understanding the crypto slang “To the Moon” Investors who anticipate significant growth in the value of their crypto or another asset will say, "to the moon. " The phrase is an allusion to terms like "sky-high valuation," "soaring pricing," and the like because of how high in the sky the moon is. Investors occasionally use terms like "mooning" and rocket ship emojis on social media platforms to highlight the success of a crypto or a stock. The significance and origin of the phrase Like many other specialized professions, the nascent crypto sector is known for several jargon and slang expressions. Although the phrase “to the moon” is not unique to the blockchain industry, the expression is common in the crypto world, especially among investors and traders. It's crucial to remember that many crypto enthusiasts and influencers use the phrase to persuade others through social media that a specific coin or token would soar to the moon. However, most of them are just looking out for themselves, that is, trying to influence the markets to favor their assets. Traders, buyers, and even the public at large grew thrilled about the growth in the value of crypto and the value of Bitcoin (moon Bitcoin) during the 2017 bull market, which made this phrase popular. How... --- ### Token standards: ERC-20 vs. ERC-721 vs. ERC-1155 > Developers on Ethereum use a token standard, like ERC-20, ERC-721, and ERC-1155, to create tokens. Read this to learn more about it. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/token-standards-erc-20-vs-erc-721-vs-erc-1155/ - Categories: Crypto - Tags: erc-1155, erc-20, erc-721, ethereum, token standards In Ethereum, developers create smart contracts using standards such as ERC-20, ERC-721, and ERC-1155. The names may seem complicated, but ERC-20 is basically for regular coins, ERC-721 is the standard for NFTs, and ERC-1155 is a multi-token standard. While that sums it up, you are probably looking for a longer answer. So here goes. First things first, what’s ERC? ERC stands for “Ethereum Request for Comment. ” It is essentially a type of standard for contracts. Developers use these standards to create tokens for a specific industry or application. For instance, if someone creates an ERC-20 token to help users pay for services on the platform, they have created a fungible token to sell to potential investors. What is the ERC-20 token standard? ERC-20 is a technical standard used to create smart contract-enabled tokens on Ethereum. It defines the rules and functions that any token of this kind on the Ethereum blockchain must follow. This includes rules for transferring and spending tokens, getting the token balance of an address, and so on. ERC-20 tokens are digital assets designed to be compatible with the Ethereum ecosystem. They can be traded and exchanged. This is the most widely used token standard on Ethereum. And it has enabled the creation of a wide range of different tokens for various use cases. Characteristics of ERC-20 tokens One of the main characteristics of ERC-20 tokens is their ability to be easily exchanged and traded on the Ethereum network. Their standardization ensures that they can be... --- ### Top and best-performing SWP mutual funds > Learn all about the best-performing SWP Mutual Funds with this article. Here's everything we know about them. - Published: 2023-07-27 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/top-and-best-performing-swp-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, SWP There are several mutual fund offerings in the market, and SWPs are one of them. SWP stands for “Systematic Withdrawal Plan. ” SWP mutual funds let investors systematically withdraw amounts at specified intervals. Investors can thus plan for a steady income while reducing their tax burdens. With SWPs, investors should consider “entry loads” and “exit loads. ” Entry loads are the charges that apply to a new investor in the funds. Exit loads are the fees levied when an investor exits the fund. Best SWP mutual funds in India Any list of the best SWP mutual funds in India will probably include the following names. However, please remember that the list could vary with time as newer funds and scenarios emerge. While this list can help kickstart your research, don’t let it stop there. 1. SBI Equity Hybrid Regular Growth Plan Let’s begin with our good old SBI. The SBI Mutual Fund (SBIMF) goes back 35+ years. In 2011, SBI MF entered into a shareholder agreement with AMUNDI Assessment Management (France). Hybrid mutual funds are funds that invest in both equities as well as in debt instruments. With these mixed investments, hybrid plans offer investors the opportunity to create a more diversified portfolio. This particular fund currently holds around 74% of the money as domestic equity instruments, of which around 49% are Large Cap stocks. Further, it holds around 21% in the form of debt, of which around 17% is in the form of government securities. While there is no... --- ### Best non-custodial crypto wallets: The complete list > Non-custodial crypto wallets provide total control over digital assets, making them more secure. A guide to choosing the best crypto wallet. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/best-non-custodial-crypto-wallets-the-complete-list/ - Categories: Crypto - Tags: crypto, wallet Non-custodial cryptocurrency wallets give you total control over your digital assets. You can feel more secure and at ease knowing that your private keys are not in the hands of a third party when using a non-custodial wallet. This blog post will help you select the best crypto wallet, with particular reference to non-custodial wallets. Introduction to non-custodial crypto wallets With cryptos growing in popularity, there is a huge demand for secure wallets to store crypto assets. In non-custodial wallets, users have total control over their private keys. Understanding the concept of non-custodial wallet and its advantages In this type of wallet, the user relies on third-party services to protect his funds. The increased security that a non-custodial wallet offers is one of its main benefits. Users of custodial wallets run a higher risk of theft or loss because they rely on a third-party service to keep their money secure. A non-custodial wallet gives users complete control over their private keys, allowing them to take precautions to protect their funds, such as keeping their private keys in a secure location. Non-custodial wallets also provide greater privacy than custodial wallets, which is a benefit. Users do not have to divulge their private keys to a third-party service because they are in charge of their private keys. This enables users who are concerned about privacy to benefit from non-custodial wallets. Top non-custodial crypto wallets “Not your keys—not your Bitcoin” is a popular saying in the crypto world that underlines the importance of... --- ### How to arbitrage between crypto exchanges > How to arbitrage between crypto exchanges, the risks you should be aware of, and the tools and strategies that can help you succeed. - Published: 2023-07-27 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/how-to-arbitrage-between-crypto-exchanges/ - Categories: Crypto - Tags: arbitrage, Crypto exchanges Crypto arbitrage involves taking advantage of price differences between different crypto exchanges. You can profit by buying low on one exchange and selling high on another. This blog post will discuss how to arbitrage between crypto exchanges, the risks you should be aware of, and the tools and strategies that can help you succeed. So let's dive in and explore this exciting trading opportunity. Introduction to crypto exchange arbitrage Crypto arbitrage involves buying a crypto on one exchange and selling it on another at a higher price. Small wonder the low-risk trading strategy has struck a chord with crypto traders. Understanding the concept of exchange arbitrage Understanding the concept of exchange arbitrage in cryptocurrency is crucial for traders. By utilizing arbitrage, traders can profit from price differences across multiple exchanges. In addition, arbitrage strategies involve identifying and exploiting inefficiencies in the market. Therefore, it can lead to significant gains for savvy traders. The benefits of trading crypto through exchange arbitrage First, arbitrage allows you to profit from price differences across multiple exchanges. Secondly, arbitrage trading can minimize market risk by taking advantage of minor price discrepancies. Finally, exchange arbitrage allows for efficient asset allocation and the opportunity to diversify investments. Factors to consider when finding exchange arbitrage opportunities To identify a profitable arbitrage opportunity, traders must assess the market's liquidity and volatility. Additionally, the strategy should consider transaction costs, timing, and regulatory considerations. Market volatility Market volatility can challenge investors, but crypto arbitrage offers opportunities. Traders can profit from price... --- ### The 5 best crypto price prediction sites to follow > Here's a list of top crypto prediction sites that you can follow. To learn more about how they can help you in trading, check out this blog. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/the-5-best-crypto-price-prediction-sites-to-follow/ - Categories: Crypto - Tags: best coins, crypto, price prediction website Successful trading requires constant monitoring of the market and some sense of the future direction. It’s true that nobody can reliably predict how a crypto token’s value will change. But you can still let the predictions of some trusted experts and analysts inform your trading strategy. That’s where crypto price prediction sites step in to help investors. An overview of crypto price prediction sites The growing crypto asset market has managed to attract the interest of investors globally. Still, it does involve significant market volatility and financial risk. Many investors rely on crypto price prediction sites while building an investment strategy. But there are close to 7 million results when you do a Google search for the best cryptocurrency prediction site. Along with live crypto prices, several of these sites offer predictions for some of the more prominent cryptos based on charts and other technical tools. However, there is extreme market volatility and a paucity of public research tools to develop these projections. So it is important to exercise caution and monitor the channels you choose closely. How does crypto price prediction work? The popularity of crypto in recent years has led to the emergence of a thriving crypto price prediction industry. As with many financial products, crypto price forecasts follow three major methods. Technical analysis Technical analysis relies on statistical trends formed on the basis of historical price activity. As history tends to repeat itself, experts study price movement and trading volumes to predict how crypto prices are headed.... --- ### What is withdrawal of funds? > Withdrawal is the process of removing accumulated funds from financial products like savings bank accounts and pension funds. Read more here. - Published: 2023-07-27 - Modified: 2025-01-20 - URL: https://coinswitch.co/switch/uncategorized/what-is-withdrawal-of-funds/ - Categories: Personal Finance, Uncategorized - Tags: withdrawal Withdrawal, in personal finance, is the process of removing accumulated funds from financial products such as savings bank accounts and pension funds. For some financial instruments like fixed deposits, which banks usually offer, early withdrawals incur a penalty or surcharge. If you withdraw the funds before the maturity of such plans, you need to pay the charges stipulated by the provider. The charges are imposed based on the notion that immature withdrawals constitute a breach of contract between the investor and the financial institution. How do withdrawals work? Withdrawals work in different ways depending on the financial instrument and the investor’s requirement. When a financial instrument matures gradually over time, periodical withdrawals are possible. For instance, interest accrued on a fixed deposit can be paid out to the beneficiary every year without touching the principal. Separately, beneficiaries can withdraw fully matured fixed deposits as a lump sum, which comprises the interest and the principal amount invested. Similarly, you can draw money from a bank account at your convenience after you’ve made certain deposits and earned interest on such deposits. There are different ways to do this. You could write a cheque or use your debit card to withdraw money from an ATM. Withdrawals are significant when you have invested in retirement products. When these instruments mature, beneficiaries usually have two choices: periodical payout or lump sum withdrawal. However, the service providers can stipulate certain conditions at the start of the contract to prevent early withdrawals. For instance, a retirement fund... --- ### What happens when crypto value goes to zero? > Cryptocurrency price can plummet just as quickly as it rose. In this article, we explore what happens when the value of crypto goes to zero. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-happens-when-crypto-value-goes-to-zero/ - Categories: Crypto - Tags: crypto exchange, cryptocurrency price Crypto has been making headlines for a few years now. As the value of Bitcoin and other crypto reached new heights, many people jumped on the bandwagon, hoping to make a quick profit. However, as with any investment, there are risks involved, and the cryptocurrency price can plummet just as quickly as it rose. In this article, we will explore what happens when the value of crypto goes to zero. Can a crypto go to zero? Yes, a crypto can go to zero. It's important to understand that cryptos are not backed by any physical assets. The value of a crypto is solely determined by demand and supply in the market. If the demand for a particular crypto drop, its value will go down. If the cryptocurrency price reaches zero, it means that nobody is willing to buy or sell it. What happens if a crypto goes to zero If a crypto goes to zero, it means that its value has dropped to zilch, and there is no market demand for it. The fall in value can happen due to various reasons, such as a lack of adoption, security vulnerabilities, regulatory issues, or the asset simply going out of favor with investors. If the cryptocurrency price reaches zero, holders of that crypto lose their investment and cannot sell their tokens or coins for any value. Individual holders and companies that have invested in the crypto incur significant financial losses. Furthermore, if a crypto goes to zero, it can have a... --- ### What are the differences and similarities between Web 1.0, Web 2.0, and Web 3.0? > This blog will help you know everything you need to about Web 1.0, Web 2.0, & Web 3.0 and the differences between them. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/comparing-web-1-web-2-and-web-3/ - Categories: Crypto - Tags: crypto, internet, web3 The advent of the World Wide Web transformed how we went about our lives, beginning with Web 1. 0. We could access millions of web pages, check our email anytime, and consume live news 24x7. Web 1. 0 was followed by Web 2. 0, marked by interactive social platforms and user-generated content. Now we are on the verge of Web 3. 0—possibly the most disruptive version of the internet. Here, we compare and differentiate Web 1. 0, Web 2. 0, and Web 3. 0 in an attempt to grasp what this evolution means for our future. What is Web 1. 0, 2. 0, and 3. 0? Broadly speaking, Web 1. 0, Web 2. 0, and Web 3. 0 refer to the three versions of the World Wide Web. Versions apart, the web as a whole is the information system that makes documents and other resources available on the internet. We’ve encountered the first two versions of the web in our day-to-day lives already. The third is the new and yet upcoming version. Web 1. 0 The first version of the World Wide Web is called Web 1. 0. The introduction of web browsers such as Netscape Navigator heralded the era of the first version in the mid-90s. The term Web 1. 0, though, didn’t appear until the term Web 2. 0 was coined by web designer Darci DiNucci in 1999. Web 1. 0 was specifically designed to help people find data more efficiently. It comprised pages containing content for a... --- ### How to transfer Bitcoin from an exchange to a hardware wallet? > If you're new to crypto, you may want to know how to transfer Bitcoin from an exchange to a hardware wallet. Read this to find out. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/how-to-transfer-bitcoin-from-an-exchange-to-a-hardware-wallet/ - Categories: Crypto - Tags: exchange, exchange to hardware wallet, transfer, wallet Learning how to safely transfer Bitcoin from your exchange to your hardware wallet is crucial. It’s something every crypto enthusiast needs to know. It’s like how every bank account holder should know how to use an ATM card today. Because a few simple things can mean the difference between safety and danger. Preparing to transfer Bitcoin Not all exchanges allow you to transfer bitcoin (BTC) from your exchange to an external wallet. So the first thing you must do is ensure that your exchange allows this. Assuming it does, you will need to have a Bitcoin wallet. You can choose from various types of wallets—hardware, software, and online wallets. You would also need the recipient’s address. The Bitcoin address is a string of alphanumeric characters that serve as their unique identifier on the network. Because Bitcoin transactions are irreversible, you must verify the address before the transaction. The transaction amount will include a transaction fee. The miners who process the transaction will receive a small amount of BTC. Sometimes, the Bitcoin network can become congested during periods of high demand. When this happens, you must put up with longer processing times and higher fees. Understanding the transfer process Let’s look at a transaction between Ramu and Sheela to understand how the transfer process works. Ramu transfers 1 BTC from his exchange account to Sheela’s hardware wallet. To do this, he opens his exchange app and selects the option to send BTC. He then enters Sheela’s Bitcoin address and the amount... --- ### What is a whitelist in crypto? > In cryptoverse, the white list is a list of approved members for a specific crypto event, such as an IEO or ICO. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-a-whitelist-in-crypto/ - Categories: Crypto - Tags: Whitelist In common parlance, the term whitelist often evokes comparison with its dubious-sounding counterpart, blacklist. However, a whitelist in the crypto world refers to a list of members approved for a specific event. This blog will educate you on everything you want to know about whitelisting and how it benefits crypto investors. Whitelist in crypto: An overview The term whitelist usually refers to a list of people or things considered acceptable. In cryptoverse, it refers to a list of approved members for a specific crypto event, such as pre-sale, an Initial Exchange Offering (IEO), or Initial Coin Offering (ICO). The purpose of a whitelist is to make sure that only selected members who meet specific relevant requirements participate in a crypto event. The approved members can include individuals, organizations, wallet addresses, or algorithms. What is an NFT whitelist? NFT whitelisting is the practice of getting a wallet address pre-approved for mining non-fungible tokens (NFTs). To further simplify, an NFT whitelist consists of a list of individuals or wallet addresses that get priority to mint NFTs at a predetermined time. Popular NFT projects usually have an engaging community of users on the watch-out to get hold of the latest NFT offering. In such cases, NFT whitelisting helps loyal users to mint NFTs before a sale or public minting event. Moreover, NFT whitelisting is used as a means to reward early adaptors. In some NFT projects, the competition among the users to first mint their own NFTs can drive up the network fees.... --- ### Which are the most expensive NFTs sold in India? > Know about the most expensive NFT ever sold in India. Here's a list of the most expensive NFTs that have been sold in the market. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/most-expensive-nfts-ever-sold/ - Categories: Crypto - Tags: crypto, NFTs In March 2021, Beeple surprised the crypto market when it announced that its digital artwork “Everydays: the First 5000 Days” fetched $69. 3 million at a Christie’s auction, making it the most expensive NFT at that point in time. Since then, NFTs have set the crypto market ablaze, and many celebrities and brands have thrown their hats into the ring by launching their collection of NFTs. The most successful ones are the Bored Ape Yacht Club (BAYC) NFTs and Crypto Punk NFT series, which now account for the bulk of trading volume on NFT marketplaces. However, the most expensive NFT sold to date is “The Merge” from digital artist Pak which raked in $91. 8 million on Nifty Gateway. If NFTs made it big on the global stage, can India be far behind? This blog post will look at some of the most expensive NFTs sold in India. Let’s take a ringside view. 5 most expensive NFTs ever sold in India Amitabh Bachchan’s NFT collection By a big margin, Amitabh Bachchan’s NFT series continues to be the most expensive NFT ever sold in India. The NFT series titled “BeyondLife. club” fetched $966,000 or about ₹7. 18 crore in the auction held in November 2021. The NFT series includes Madhushala NFTs—Amitabh’s rendition of his father Harivansh Rai Bachchan’s refined poetry in his inimitable baritone. The Bollywood doyen’s art pieces in NFT format also featured in the list. All 5,000 NFTs received a total of 6 million bids in the first minute... --- ### What is a seed phrase? > A seed phrase in crypto is a recovery tool that blockchain wallets provide. Learn how seed phrases function and why it's critical to keep your crypto safe. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-a-seed-phrase/ - Categories: Crypto, Explainers - Tags: crypto wallets, seed phrase Acquiring cryptocurrencies is one thing and securing them is another. That is where crypto wallets come in. A cryptocurrency wallet stores your private keys, which keeps your crypto assets safe and accessible. When you set up your crypto wallet for the first time, it will generate a seed phrase—a random assortment of words. Put simply, it is your wallet's "master password" to access everything within. You could employ a number of wallets, but they all contain the seed word as a key component. Practically speaking, if you misplace your hardware wallet (stores user’s private keys in a secure hardware device) or delete your mobile wallet by mistake, you may replace it and use the seed phrase to verify the authenticity of a blockchain address. This establishes your ownership of the crypto and gives you access to it through your new wallet. The wallet contains private keys and digital evidence of ownership, whereas the actual “coins” are held on the blockchain. This feature enables recovery through a fresh wallet, which means you can always access your crypto as long as you have your seed phrase intact. How does the seed phrase work? A seed phrase is generated automatically when you activate your wallet. The phrase is a long series of random integers presented as human-readable characters. It enables the wallet to produce the private keys required to transmit and receive cryptocurrency. Things to remember Because humans are far better at dealing with phrases than random lengthy strings of numbers, the sentence... --- ### Introducing blockchain technology > Explore Blockchain Technology and how it works. Learn all about the types, why it’s important, advantages and disadvantages of blockchains. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-blockchain-technology/ - Categories: Crypto, Explainers - Tags: blockchain A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time. And this article will break down one of the most basic concepts out there: blockchain technology. So, if you have no idea what that is, or if you are simply looking to sharpen your understanding of blockchain technology, this is your chance. What is Blockchain Technology and How does it Work? There is no single definition, but there exists a fair amount of consensus on the idea that a blockchain is a digital ledger shared by multiple computer nodes. Like a traditional database, blockchains store and record transactions and track data electronically. One advantage of blockchains over traditional ledgers is that they’re immutable, which means if any alterations are made to the recorded content in the future, there is always a record of it on the ledger. With immutability, manipulation or theft becomes nearly impossible. Immutability is possible because each node on the blockchain network carries a copy of all recorded and stored transactions. The data on a blockchain network is protected via cryptography. Bitcoin founder Satoshi Nakamoto is believed to be the pioneer who implemented the first blockchain. But long before him, in 1991, the work of researchers Stuart Haber and W Scott Stornetta gave birth to some of the key ideas that formed the backbone of blockchain technology. Today, there are over 1,000 blockchains with four significant types of blockchain... --- ### What are assets, and why do they matter in personal finance? > An asset is a resource owned by an entity. This article will give you a lowdown on assets to help you to take an informed investment decisions. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-are-assets/ - Categories: Personal Finance - Tags: assets, liabilities, personal finance Have you ever encountered someone calling you an “asset” in an organization? Well, we all have been there, haven't we? Here, we delve a bit deeper into what they meant when they called you an asset. Of course, we shall analyze the term asset in the context of personal finance and why people keep using it when they mostly do not mean it. This article will give you the lowdown on different kinds of assets to enable you to take an informed investment decision. So let’s dig right in. Asset has inherent economic value Simply put, an asset is a resource. A resource that a firm, a country, or an individual owns in the hope of getting economic benefit from it in the future. In a purely financial context, an asset is anything with an economic value capable of generating cash flow, improving sales, or even reducing expenses, over time. More importantly, the owner must hold absolute rights over anything for it to be considered an asset. For instance, you can’t say Bitcoin (BTC) is an asset unless you hold it in any capacity, be it over an exchange or on a wallet. How do assets work? Assets, despite having some economic value, aren’t just about generating cash flow. A vehicle can be an asset if it takes you from one place to another faster, helping you save time. And we do say that time is money. Based on what we have covered till now, assets need to have the... --- ### What is Investment? > Investment refers to committing money to assets that tend to increase in value over time. Read to learn about managing your investments - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-investment/ - Categories: Personal Finance - Tags: personal finance “Investment” is a broad term that draws easy parallels with life itself. Some attributes of success in life—investing time, patience, and hard work—will help you achieve your financial goals as well. And as in life, everything will add up in the process of wealth creation. Let’s try to understand how investments help in wealth creation and the different types of investments. Introduction to investment Investment refers to committing money to assets or commodities that tend to increase in value over time. The appreciation in value can be received by the investor either in the form of regular income through profits (dividends) or capital gains. The primary objective of investing is to create wealth over the long term to meet various financial objectives like retirement savings, expenses for children’s higher education, home purchase, etc. Besides, investments also seek to generate higher returns than risk-free savings instruments such as fixed deposits and government bonds. How do investments work? We have seen that investment helps create value by way of regular income and capital gains. However, it is important to understand how they are different and which one has a more significant impact on your investments. Let’s dig in. Capital gains: When your primary objective in making an investment is to buy the asset at a low price and sell it at a higher price, the profit thus earned is referred to as capital gains. Most people are keen on generating capital gains from their investment due to the possibility of getting higher... --- ### What is an audit? - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-an-audit/ - Categories: Personal Finance - Tags: audit, money trail We’re sure you’ve heard about Harshad Mehta. It’s possible some of you saw it first-hand, too. Maybe even lost money. In 1992, he was involved in a massive stock manipulation scheme. Do you know how he got exposed? Thanks to the audit process. Auditors play a watchdog role in the business world. So, whether you’re a company owner or an employee, it’s important to understand what they do and how. Because you might need to hire one, too, someday. Define Audit Audits are like impromptu bag checks at school. The authorities aren’t looking at anything specific. They’re just trying to make sure you aren’t stowing away something that you shouldn’t be—like a smartphone. Audits involve an examination of company records to ascertain whether its financial statements are factually correct. Company audits often include a physical examination of inventory and other assets as well. Documentation checked usually includes checkbooks, invoices, sales receipts, vouchers, bank statements, tax returns, cash records, and inventory records. These book and inventory examinations can be conducted internally or externally, depending on the requirements and type of organization. In India, most audits are conducted by chartered accountants, either hired from an external agency or employed in-house. Understanding audits better The purpose of conducting audits is largely to ensure that companies or departments within them are correctly representing their financial data on the books. Audits look into the records to verify that none of the parties are engaging in fraudulent activities. All publicly-listed companies must get their books audited... --- ### What is budgeting? > A Beginners Guide to budgeting. Find out the types, processes and most of all, how it helps to improve your financial stability. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-budgeting/ - Categories: Personal Finance - Tags: budgeting, personal finance You don’t have to go broke at the end of the month. Or ever. Not when you know how to budget. In fact, budgeting can help you achieve ALL of your short and long-term goals. No need to cut corners or drop dreams. This discussion will show you how. Budgeting is not complicated at all, especially with us by your side. Understanding Budgeting A “budget” refers to a detailed spending plan based on income and expenses. Budgeting is one of the most important and basic personal finance steps. Committing a budget to paper and following it is crucial for a healthy financial future. It helps you avoid a financial crisis by estimating how much you will make and are likely to spend over a set time period. The budget you create will depend on your lifestyle and future financial goals. To create a detailed budget, you need to gather all your financial records and then analyze your current spending. But there’s more to budgeting than simply creating the plan. That’s only half the job done. Tracking your spending to check whether you are following the plan is a second, extremely important component. Types of budgeting There are many budgeting options. Each approach has its advantages and disadvantages. In this segment, we discuss three of the most relevant budgeting methods. Zero-based budgeting Also referred to as zero-sum budgeting, zero-based budgeting is when you plan to use all your income down to the last rupee. This means creating the budget so that... --- ### What is equity, and what are equity investments? > Equity is the portion of a company owned by a shareholder. Read to learn more about the types of Equities, Risks involved while investing and the upsides. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/explainer/what-is-equity/ - Categories: Explainers, Personal Finance - Tags: brand equity, equity, equity shares In financial terms, equity is the portion of a company owned by a shareholder. For instance, if Carol owned 5% of a million-dollar company, she’d be the proud owner of $50,000 in equity (5% of one million). Investors can invest in shares of a company to buy a certain percentage of it. This is called investing in stock, or trading on the stock market. The value of each owner’s equity share is determined by valuation experts. The more valuable a company is, the more each of its shares costs. Equity investments An equity investment, thus, is money that is invested in a company by purchasing shares of that company in the stock market. While there are exceptions, most companies become available for investment to retail investors after their initial public offering (IPO). To elaborate, equity investors purchase shares of a company with the expectation that they’ll rise in value. If a share previously priced at $10 apiece inflates to $11, the investor stands to earn $1 for every share owned. For that, of course, the stockholder will have to sell shares to another buyer on the stock market who’s willing to buy them at $11. However, there is another way for investors to earn their money back, other than selling shares directly. If a company is acquired by a bigger entity, like another company, all shareholders get ‘liquidated’—which is market-speak for ‘bought out. ’ Depending on the company’s valuation and the number of equity shares they own, shareholders get paid... --- ### What is inflation? > Inflation, or a general rise in the price level of goods and services, is often talked about in the media. Find out what inflation is and why it matters to you. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-inflation/ - Categories: Personal Finance - Tags: money management “Inflation” is perhaps one of the most bandied about words in the financial world. It refers to a phenomenon that has an immense impact on day-to-day lives. And yet so few fully understand it. Not anymore; not with your friend CoinSwitch around. Here is an example that might help recognize inflation instantly. In 2019, the cost of 1 kg of apple was ₹100. By 2020, the cost had shot up to ​​₹110—a 10% rise in prices. That, right there, is inflation. What is inflation Inflation implies a considerable increase in the prices of goods and services over time without a corresponding increase in wages. It causes a decrease in the value of money. What is Inflation Rate? When various commodities whose cost increases over time are placed in a group, the percentage of increase can be analyzed by considering one particular year as the base year. The percentage of the increase in costs is called the inflation rate. Inflation analysis aims to measure the effect of cost variations for an extensive range of goods and services. Since investments are affected by inflation, investors need to understand the many fallouts of inflation. This article will help you do that. It's is triggered by multiple factors, such as: Government spending: When the government of a country either spends more on the people or taxes a smaller amount, it leaves some excess money in consumers’ pockets. As a result, the demand increases, encouraging inflation. Economic growth: When an economy grows, the demand and... --- ### What are cryptocurrencies, and how do they work? > The crypto market is exploding & you've probably heard of Bitcoin, but what are cryptocurrencies, how do they work, & what should you invest in? We've got all your cryptocurrency questions answered. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-are-cryptocurrencies/ - Categories: Crypto, Explainers - Tags: bitcoin, blockchain The world of Web 3. 0 and cryptocurrencies is full of jargon, and much of it can be confusing. Amid the growing fascination for everything related to crypto, including its underlying technology, there’s a need for reliable, accurate information about crypto assets. So, what are cryptocurrencies? Read on to learn more about them and to understand why you should care and how to invest in the lucrative market. What is cryptocurrency, and how does it work? A cryptocurrency, also called crypto, is a type of currency that exists virtually and uses cryptography to make transactions secure. Cryptocurrency derives its name from cryptography—the process of encrypting data to prevent unauthorized access. Crypto is transferred from one person to another without the involvement of third parties like banks. The high-level encryption technology in these networks ensures that specific parties can buy, sell or transfer digital currency. Cryptocurrencies operate without the involvement of a trusted third party (such as central banks). And blockchain is the underlying technology that makes it possible. On a blockchain, keeping a record of transactions involves the use of multiple computers or nodes in the network. Each computer has access to the record, which is constantly updated. So, while crypto is stored, sold, or transferred, blockchain is the technology that guarantees that the record of transactions remains intact. This means, by design, data on blockchains is beyond manipulation. Since hacking one node will not alter information stored on other computers in the network, cryptocurrencies on the blockchain are highly... --- ### What is Repo Rate? > Repo rate is the interest rate charged by the central bank of a country while lending money to commercial banks. Learn more in this blog. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-repo-rate/ - Categories: Personal Finance - Tags: repo rate, reverse repo Ever heard of the term inflation? While you can always find a detailed explanation here, inflation is the sustained increase in the price of goods and services, resulting in a fall in the purchasing power of money. Some amount of inflation is good for economic growth, but anything above the targeted level needs to be controlled. Central banks are mandated to keep inflation low, and the repo rate is an instrument that helps them perform the function. A simple definition is that the repo rate is the interest rate charged by the central bank of a country (Reserve Bank in India) while lending money to commercial banks. To understand the repo rate, you should understand the lender-borrower relationship in its entirety. A good grip on the repo rate would help you make informed lending and investment decisions. Read on as we explain everything in a relatable, easy-to-understand manner, focusing on the Indian banking system. Understanding repo rate Repo stands for Repurchasing Agreement/Option. It is a short-term borrowing-lending agreement where one party lends money to another at an interest. The rate of the repurchase agreement is called the repo rate. Simple as it may sound, it needs some explanation to put things in perspective. Inflation, as we have seen above, is a situation where the demand for products and services is high, which, in turn, drives prices even higher. Practically speaking, consumers take loans from banks at affordable rates—to buy homes, automobiles, and household goods—increasing the money supply in the economy.... --- ### What is accounting? > Get the latest information on the meaning of Accounting—Types, Methods, Concepts, and much more in this blog. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/personal-finance/what-is-accounting/ - Categories: Personal Finance - Tags: Accounting, personal finance Finance is all about managing money, and accounting is the systematic way of tracking money. Good accounting can make or break fortunes, be it managing household expenses or running a big business. Small wonder an accounting scandal like the Satyam Computers fiasco in 2009 made big news as it affected all stakeholders, including investors. Accounting is the process of recording financial transactions related to a business. In other words, accounting helps a firm record, organize, and process financial information. It includes summarizing, analyzing, and reporting transactions to regulators that oversee these processes. How does accounting work? At a basic level, accounting involves accountants and bookkeepers. Though the terms are often used interchangeably, they differ in terms of the tasks performed. Bookkeepers handle the day-to-day job of recording financial transactions, while accountants analyze that data, provide insight, and generate accounting reports. Put simply, accountants can be bookkeepers, but not all bookkeepers are accountants. In fact, the roles complement each other, performing the important function of maintaining the financial hygiene of a business. We have seen that accounting is of prime importance to any organization. Accounting adds value by preparing and examining the financial records of companies. Management can make wise business decisions thanks to the information provided by various streams of accounting, such as cost and managerial accounting. Different Types of Accounting The accounting system evaluates an organization based on various parameters. Read on as we explain some of these methods in detail. Financial accounting Financial accounting is the process of... --- ### How is crypto minting different from crypto mining > Understanding the definition, purpose, and mechanics of crypto mining and crypto minting and their pros and cons. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/how-is-crypto-minting-different-from-crypto-mining/ - Categories: Crypto - Tags: crypto, crypto mining Crypto is an innovative and revolutionary technology that has taken the world by storm. It has transformed how people conduct transactions, transfer money, and invest in digital assets. Crypto minting and crypto mining are two of the most common activities in the world of crypto. While both are critical to the functioning of the blockchain, they differ in many ways. In this article, we will explore the differences between the two and assess the pros and cons of each. Introduction to crypto minting and crypto mining Crypto minting and crypto mining are both ways of creating new coins on the blockchain. One can use these coins for transactions or investments. However, the process of making coins differs in each method. Crypto minting is the process of creating new coins or tokens using a smart contract or protocol. Creating the tokens through minting does not involve the use of a significant amount of energy or computational work. Crypto mining, on the other hand, is the process of creating new coins on the blockchain by solving complex mathematical problems using powerful computer systems. The process involves verifying transactions on the network and adding them to the blockchain. The process of crypto mining is also known as Proof of Work (PoW), where miners compete to solve complex algorithms to create new blocks. Exploring the definition, purpose, and mechanics of crypto minting Crypto minting aims to provide a more energy-efficient and environmentally friendly alternative to the energy-intensive process of crypto mining. Crypto minting allows... --- ### Top Solana NFT games in 2023 > Solana blockchain platform hosts a variety of NFT games. We bring you a list of the top 5 Solana NFT games in 2023. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/top-solana-nft-games-in-2023/ - Categories: Crypto - Tags: 2023, Solana NFT Games Solana is a blockchain protocol that helps create decentralized apps. With its shorter transaction speeds, the network supports hundreds of DeFi, Non-Fungible Token (NFT), and Web 3. 0 projects on the chain. A significant amount of money was pumped into Solana NFT gaming platforms in the past, making it one of the leaders in the NFT games. And if all of that isn’t enough to get you excited, Solana even offers players bitcoin rewards. Here’s our list of the top Solana NFT games in 2023. What is Solana? Solana is a high-performance blockchain network that came into existence in 2020. Its architecture is designed to be highly efficient and scalable. Solana can process over 65,000 transactions per second (TPS), which is significantly higher than most other networks. It also has lower fees and supports smart contracts. That makes it an ideal platform for decentralized applications (dApps) and other blockchain-based projects. Solana uses a unique Proof-of-Stake consensus mechanism, which allows for fast transaction processing and scalability. Read more about it here. Top Solana NFT games in 2023 This year, the prospects of the gaming industry seem to be booming, what with the huge funds players are managing to attract. At a time like this, it’s wise to take a pause to examine some of the top NFT games in 2023. 1. Axie Infinity This well-known blockchain-based game was launched in 2018. Ever since, it has gained significant popularity in the NFT gaming community. The game is built on the Ethereum blockchain.... --- ### Blockchain Protocols in Crypto: A Comprehensive Guide > Read this to know what blockchain protocols are, the important role they play in crypto, and the difference between fat and thin protocols. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-are-blockchain-protocols-in-crypto/ - Categories: Crypto - Tags: blockchain, crypto, protocol If you're new to the world of crypto and want to understand how blockchains work, it may be a good idea to start with protocols. Protocols are the backbone of the crypto ecosystem. They are what make each unique feature of crypto possible. What is a protocol? In everyday language, “protocol” means a set of rules. The term has a similar meaning in the world of technology and crypto. But it refers to something a little more specific here. In crypto or any other information technology system, protocols are the rules that govern data sharing between computer systems. These protocols are basically rules that help define how users send and receive information on the network. They do this to secure information transfers and to ensure that the intended recipients do in fact receive the information. All applications are built on a foundation of protocols. Some of the more well-known internet protocols come with the https tag (those letters found before any website address), DNS, TCP/IP, and VoIP. Protocols in blockchains A blockchain consists of computers from across the globe working in sync and forming a network. The protocols in blockchains are what help the computers coordinate. Each device, therefore, works independently but in accordance with the protocols of the underlying blockchain system. If any device malfunctions or processes information wrongly, the protocol identifies it and kicks it out. In this way, it keeps the system immutable. To sum it up, the protocol of a blockchain does the following: Processes transactions;... --- ### What is stETH, and what happens to it post-Merge? > The Merge transformed Ethereum, one of the biggest cryptos in the market. But its impact went well beyond the Ethereum blockchain. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/what-is-steth-and-what-happens-to-it-post-merge/ - Categories: Crypto - Tags: ethereum merge, staked ether, stETH It is well-known that the Merge transformed Ethereum, one of the biggest cryptos in the market. But its impact went well beyond the Ethereum blockchain, impacting the entire crypto ecosystem. One of the more noteworthy cryptos to emerge in the context of the Merge is the stETH token. stETH is an important crypto in relation to the Ethereum ecosystem. In recent times, it even managed to outdo Ether (ETH) in terms of price. This article will help you understand what’s making these tokens so popular, but first a quick refresher on what they are. What is stETH? While stETH is short for staked Ether (ETH), it does refer to ETH staked on the Ethereum platform. Yes, you heard that right. Instead, it is the token you get in exchange for staking ETH on Lido, a staking pool. stETH tokens work a little like the promissory clause on a rupee note, where the rupee holder is promised that the Reserve Bank of India (RBI) will “pay the bearer the sum of” X rupees at a future date. These tokens are similarly meant to assure those who stake or lock up their ETH. But why the assurance? Because the staking is done on the Lido chain. The stETH tokens are therefore meant to promise users that they retain their ownership rights over the ETH staked on this chain. The difference between stETH and a promissory clause is that stETH’s guarantor is the Lido protocol, which comes with a smart contract system. Not... --- ### How to mine Bitcoin at home on a private network > This article explains how to mine Bitcoin from your home using a private network and best practices for ensuring reliability and security. - Published: 2023-07-27 - Modified: 2023-07-27 - URL: https://coinswitch.co/switch/crypto/how-to-mine-bitcoin-at-home-on-a-private-network/ - Categories: Crypto - Tags: crypto, mine Bitcoin Crypto mining has made millionaires out of ordinary men and women. To begin home-mining, all one needs are a Bitcoin wallet, a mining rig, bitcoin software, a mining pool to depend on, and the willingness to learn. But adding those ingredients is not a sure-shot formula to earn Bitcoin. This article will discuss everything you need to mine Bitcoin on a private home network. Mining Bitcoin at home on a private network Bitcoin mining on a private network from home requires significant time, money, and effort. However, for those willing to invest, it can be a profitable way to participate in the Bitcoin ecosystem and earn rewards for verifying transactions on the network. Bitcoin mining is the process of verifying transactions and adding them to the blockchain ledger through the use of specialized computers. Besides, mining Bitcoin on a private network brings additional challenges and requirements. Introduction to Bitcoin mining and private networks Besides hardware and infrastructure, you need foolproof security before starting BTC mining on a private network. You must ensure your network is secure and properly configured, including firewalls and access controls to prevent unauthorized access. You will also need to manage the power consumption of your mining rig to avoid overheating or power outages, which can damage your equipment and disrupt your mining operations. Requirements for mining Bitcoin at home on a private network To mine BTC on a private network from home, you will need specialized mining hardware such as an ASIC (Application-Specific Integrated Circuit) miner,... --- ### DigiByte's mining algorithm and its impact on network security > Read this article to understanding how DigiByte's mining algorithm works and its impact on network security. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/digibytes-mining-algorithm-and-its-impact-on-network-security/ - Categories: Crypto - Tags: digibyte, DigiByte's mining algorithm Necessity is the mother of all inventions, as it happened with DigiByte, which Jared Tate launched in 2013. Tate, a blockchain and Bitcoin enthusiast, devised the DigiByte blockchain platform to create a faster, more secure, and more decentralized crypto network. Tate sought to solve the problem of slow transaction speed and high fees of Bitcoin and other cryptos. Understanding how DigiByte mining works should enable every blockchain enthusiast. DigiByte's mining algorithm At the center of DigiByte is a fast, secure, and decentralized payment system open to anyone, anywhere in the world. The project aims to achieve this by using multiple mining algorithms to increase security and decentralization and by implementing features like SegWit and the Lightning Network to improve transaction speeds and reduce fees. Ever since DigiByte’s official launch in January 2014, it has gained popularity among crypto enthusiasts. In fact, this project has since grown to become one of the most respected and widely used cryptos in the world, with a market capitalization of over $1 billion as of 2021. Overview of DigiByte's mining algorithm At the heart of DigiByte's blockchain are three layers—much similar to the layers one can see in any blockchain network. The three layers are the core protocol, or bottommost layer, the digital asset, or the middle layer, and the top layer consisting of applications and digital assets. The bottom layer of the DigiByte global network facilitates communication and operating procedures among nodes. The layer serves as the foundation for thousands worldwide who run the... --- ### A detailed comparison between the two stablecoins : USDC vs. USDT > USDC vs. USDT: Both USDC and USDT are backed by the same amount of fiat currency. Find out more in this article. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/usdc-vs-usdt-which-one-is-better/ - Categories: Crypto - Tags: USDC, USDT As crypto continues to soar in popularity, the market is seeing an increase in stablecoins— crypto pegged to a stable asset such as the US dollar. Two of the most prominent stablecoins in the market are USDC (US Dollar Coin) and USDT (US Dollar Tether). While they may seem similar at first glance, key differences between the two could impact their value and usefulness to investors. In this article, we will explore USDC vs. USDT and analyze both to help you determine which one might be the better choice for your investment needs. Let’s dig in. A snapshot of USDT vs. USDC  USDTUSDCLaunch Year20142018FounderTetherCircleTarget Price₹87 (approx)₹87 (approx)Total Market Value₹6,700 crores₹3,028 croresRegulationNo formal regulationRegulated by US financial authorities Data as of February 2023 What is USDC? USDC stands for USD Coin, a type of stablecoin, a crypto designed to maintain a stable value relative to a particular asset or currency. One can use it for a variety of purposes, including peer-to-peer payments, remittances, trading on crypto exchanges, and more. Major financial institutions such as Goldman Sachs, Visa, and Bitmain back the coin. USDC volume The volume of USDC refers to the total number of tokens in circulation in a given period of time. The higher the volume, the more liquidity and ease of trading it offers. The trade volume of USDC, the amount of the coin traded on exchanges in a given period, is a measure of its market activity. A higher trade volume indicates more demand and liquidity, allowing faster... --- ### What is Monero mining? > Monero mining uses the proof of work consensus to validate and approve the transactions that go through the underlying blockchain. Read in detail about what is Monero mining and ways to mine XMR. - Published: 2023-07-26 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/what-is-monero-mining/ - Categories: Crypto, Explainers - Tags: altcoins Monero mining uses the proof-of-work consensus to validate and approve the transactions that go through the underlying blockchain. However, it is different from other proof-of-work consensus algorithms because the design is such that mining may be done using standard computers to gain rewards. Monero, a decentralized cryptocurrency that was launched in  2014, boasts the third-largest creator community in the crypto world. Its outstanding security features are its main draw. The Monero XMR coin employs ring signatures, zero-knowledge verification, "secret addresses," and IP address anonymity to conceal transaction information. Accounts, payment amounts, address balances, and payment history can only be decrypted by users who trade in XMR. What is crypto mining? Before detailing ways to go about mining Monero XMR, let’s first understand crypto mining. Crypto mining is the process of working out a mathematical operation called ‘hashing’ to arrive at the correct hash value. The ‘hash’ is the identification number used for the collection of information. Whenever the data changes, it produces a different hash type. So, cracking the mathematical puzzle is truly challenging. With the surge in cryptocurrency operations, mathematical operations have become even more complex. Ways to mine XMR There are three common ways to mine XMR. Be a solo miner The main benefit of mining Monera Solo is that you don't need to share the block reward. A standard computer is sufficient for the solo miner because the RandomX algorithm in use here facilitates the process for low-powered hardware to engage in the mining. Unfortunately, you need... --- ### What does shorting mean in crypto? > Shorting crypto is a trading method employed when an investor feels that the price of a cryptocurrency, such as Bitcoin, will fall. Learn how to short cryptocurrencies here - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-does-shorting-mean-in-crypto/ - Categories: Crypto - Tags: crypto, short-selling, shorting If you are into investing or trading, two common terms you might hear are “going short” and “going long. ” Shorting has to do with the “going short” part. Essentially, shorting is the earning of profit from an asset’s falling price, sometimes with borrowing involved. Being clear about these terms and the ideas behind them opens up options and helps you assess the risks involved. This article will help you to understand them and the concept of shorting in particular. What is shorting? To grapple with the meaning of the concept of shorting, it is important that we understand the term “going short. ” If someone is going short on a cryptocurrency, it means that the person has a negative view of the market’s future and intends to profit from the falling price. Imagine that the evolving global macros are suggesting that the price of BTC can drop further. Sensing an opportunity to make profits, you sell your BTC at the ₹15,50,000 level and buy it back a few hours later at ₹15,00,000. That gives you a clean profit of ₹50,000. The word shorting is sometimes used to refer to this practice most traders follow. But more commonly, it is used to refer to something more specific. Shorting is an investment strategy you can use when you don’t have BTC in your wallet but still want to take a short position. It involves borrowing crypto in order to sell it based on speculation, in order to profit from the falling... --- ### What is crypto staking? > Staking is a way of earning interest on your crypto by depositing it for a fixed period. Read to learn about how to stake and what cryptos to stake to have maximum returns - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-staking/ - Categories: Crypto, Explainers - Tags: investing Cryptos operate without the involvement of third parties. How do they manage to do this? They are able to do this thanks to the mechanisms they use to process and secure transactions on the blockchain. There are several options but the most common are Proof of Work and Proof of Stake. Here's how Staking in crypto looks like. “Staking” is part of the Proof of Stake (PoS) mechanism. It allows cryptocurrency transactions to be executed efficiently without duplication or lengthy processing times. How does crypto staking work Staking is holding coins for specific periods on a network, in exchange for the right to validate transactions and earn rewards. It usually involves storing crypto in a “staking pool. ” Think of these pools as banks that give you interest/rewards for keeping your money with them. The reward is meant to get users to stake their coins and become a validator for transactions. The following points explain how staking helps validate and add transactions to the crypto network. Potential validators stake or commit their tokens to the crypto network. Those with larger stakes stand a higher chance of being chosen. The next validator is chosen through a pseudo-random process (lottery selection). The selected person writes the next block (containing transactions) into the blockchain. Successful validators receive a reward (in crypto) for their participation. Why do only a few projects allow crypto staking? Most crypto projects don’t use staking because they use a different way of achieving a consensus known as Proof-of-Work (PoW)—a... --- ### What is Bitcoin halving? How it works? > Bitcoin Halving is how BTC's supply is kept in check. It has a direct impact on BTC's price. Read this to know more about it. - Published: 2023-07-26 - Modified: 2024-02-16 - URL: https://coinswitch.co/switch/crypto/what-is-bitcoin-halving/ - Categories: Crypto - Tags: bitcoin, btc price, demand and supply, halving Bitcoin halving is a defining feature of the pioneering crypto, Bitcoin. It plays a key role in ensuring that Bitcoin remains valuable over a long period of time. In this article, we'll look at halving, how it works, and why it matters. What is Bitcoin halving? Bitcoin halving is an event that occurs every four years or precisely after every 210,000 blocks mined on the Bitcoin network. The event is so named because it halves the rewards given to miners. It is designed to keep the supply of bitcoin tokens (BTC) in check. What does the process of Bitcoin halving entail? When some miner verifies a block of Bitcoin transactions, they receive a certain amount of BTC as a reward. Halving, an event that occurs every four years, cuts this reward in half. It is designed to limit the supply of BTC. The blockchain protocol implements this by reducing the amount of BTC created each time a block is mined. The first halving occurred in November 2012. At the time, the block reward was cut from 50 to 25 BTC. The second halving occurred in July 2016. At the time, the rewards for miners were again slashed to half—from 25 to 12. 5. The most recent halving occurred in May 2020. This time, the rewards fell from 12. 5 to 6. 25 BTC. Investors closely observed all of these events. As a result, they left a significant impact on the price of BTC. The next Bitcoin halving event will take... --- ### What is a crypto airdrop, and how does it work? > Crypto airdrops can give you free crypto and the company some viral marketing. Know the ins and outs of crypto airdrops here. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-is-a-crypto-airdrop-and-how-does-it-work/ - Categories: Crypto - Tags: crypto, crypto airdrops It turns out that “airdrop” has a different meaning in the crypto world. A crypto-airdrop is the free distribution of tokens by a startup to its current and potential users to promote a project. In other words, it’s marketing at its finest using digital assets to speed up the adoption of digital assets. As in the real world, crypto communities entice enthusiasts by invoking the FOMO factor to popularize their wares. Works pretty much the same way you received a freebie for that online shopping spree and how you went about recommending it to your friends. Yet, there are no free lunches, after all. Airdrops too, come with specific terms and conditions for those who wish to lap up the goodies. Understanding how crypto airdrops work We have seen that crypto airdrops seek to raise awareness about a crypto project in the market. That said, the primary focus here is not to get the community members to spend money on their token, but to highlight the services the project offers. Yet, most crypto airdrops require users to fulfill certain tasks such as: To sign up on the crypto project’s platform or one of their services like a newsletter. To follow the crypto project’s social media accounts. To promote them by sharing or retweeting their posts with relevant hashtags. To use a specific platform (usually a partner firm) to make transactions. This is also used for cross-chain bridge activities, i. e. , use a blockchain bridge a certain number of times... --- ### What are Play-to-Earn or P2E games? > Play-to-Earn (P2E) is a new gaming model that allows users to earn while playing games. If you’re interested in learning about it, read on. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-are-p2e-games/ - Categories: Crypto - Tags: P2E games, Play to Earn Looking to earn money while having fun? Play-to-Earn or P2E games are the way to go, then. P2E is a new gaming model that allows users to earn while playing games. It is rapidly gaining popularity among gaming enthusiasts and investors alike. So, if you’re interested in learning about it, start with this article as soon as possible. Introduction to Play-to-Earn or P2E games So what is Play-to-Earn, exactly? It is a new model and trend in the gaming industry that lets gamers earn while doing what they do best. Such games are gaining in popularity because they offer an alternative source of income without the drudgery of work. You can simply play a game and earn money. Understanding the concept of P2E Play-to-earn games allows players to monetize their time and efforts. That means, it lets them turn their gaming skills into a source of income. P2E games became possible due to the arrival of blockchain technology. The technology allows developers to create in-game assets that players can earn as they complete tasks. The rise of P2E in the gaming industry The gaming industry has seen a significant rise in popularity with the advance of P2E games. On-chain gaming activity rose by 1. 31% in January 2023. And the market caps of top gaming tokens have also risen by a steep 122%, according to CryptoSlate. Clearly, the gaming industry was thriving despite what is known as the crypto winter. How does P2E work in blockchain games? Play-to-Earn operate through... --- ### What is Litecoin mining? > Litecoin mining is the process by which transactions on the Litecoin blockchain are validated through blocks.Read in detail about what is Litecoin Mining and ways to mine LTC. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-is-litecoin-mining/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins Litecoin (LTC), created as a Bitcoin fork in 2011, is one of the oldest cryptocurrencies in the market. In blockchain technology, a fork is created when the blockchain chooses to change its protocol, usually by introducing an update. While Litecoin hasn’t enjoyed as much popularity as other mainstream cryptocurrencies—such as Bitcoin and Ethereum—it is an attractive option for crypto miners. It ranks high in value and trade volumes, making it a profitable venture. Litecoin mining is the process by which transactions on the Litecoin blockchain are validated through blocks. As a cryptocurrency, Litecoin utilizes Scrypt, a hashing algorithm that in turn uses specific hardware and software for mining Like Bitcoin, Litecoin uses the proof-of-work (PoW) consensus mechanism to secure the blockchain and add new blocks of transactions. In the Litecoin mining process, miners using application-specific integrated circuits (ASICs) apply their computational power to run a complex mathematical operation. The result of the mathematical operation is also called hashing since it produces the next hash in the chain. The hash acts as an ID number for the next data set. Those with experience in Bitcoin mining would notice that the processes are very similar. Since Litecoin was created from Bitcoin, they share some common features. Litecoin mining is considered easier than Bitcoin mining since it creates new solutions. The Scrypt algorithm resists the need to increase computing power, eliminating the mining ‘arms race’ for which Bitcoin is famous. On the Bitcoin blockchain, which processes more transactions, high computing power determines the... --- ### What are Ethereum gas fees? > To trade on the Ethereum network, you need to know what gas fees are and how they work. Read this article to learn all about it. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-are-ethereum-gas-fees/ - Categories: Crypto - Tags: ethereum, gas fees, transaction fees The crypto world has many curious terms. And “gas fee” is one of them. You may have heard the term in the context of Ethereum, the second-largest crypto by market cap. Before we get into what Ethereum gas fees are, let’s take a minute to jog your memory and make sure we all understand Ethereum well. Introduction to Ethereum gas fees Ethereum, as you probably know, is an open-source blockchain platform. The Ethereum network comes with smart contract functionality. The platform also helps create a variety of applications. The network’s native token is Ether (ETH). How Ethereum gas fees work Every transaction on Ethereum is verified and executed through staking. But until recently, this work was done by miners. The term gas, in that context, was the unit measuring the effort miners put in to execute the transactions. And gas fees meant the ETH participants on the network paid for the effort they put in. Now, post-Merge, mining is gone. But the term “gas fee” remains and still refers to the transactional fee. At present, the gas fee is given as a reward for staking. The fee also contributes to security maintenance. Since every transaction is charged, to some extent, it prevents bad actors from spamming the network. The gas fee is influenced by various factors, such as supply, demand, and network capacity. The price usually amounts to tiny fractions of ETH, known as gwei. Gwei (giga+wei) is the unit that represents the gas price, and wei is the smallest... --- ### Guide to Crypto Faucet > Crypto faucets are apps and websites that give users small amounts of crypto rewards for completing simple tasks. Learn more about them here. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-is-a-crypto-faucet/ - Categories: Crypto - Tags: crypto faucet Economists insist that there is no such thing as a free lunch. Yet, the crypto world has something that sounds like one. If you have ever earned Bitcoins or any other cryptos for free, chances are that those would have come from a crypto faucet. Although many websites claim to give free Bitcoins and crypto, not all are crypto faucets. The primary objective of crypto faucets is very different, making them a legitimate way to earn free Bitcoins and other cryptos. This blog traces the history of crypto faucets, explains their role in the crypto world, and differentiates them from crypto airdrops. Understanding crypto faucets Crypto faucets are apps and websites that give users small amounts of crypto rewards for completing simple tasks like solving the captcha, downloading apps, enrolling for new online services, etc. In the early days of Bitcoin, crypto faucets played a key role in educating users about Bitcoin and the underlying blockchain technology. Faucets won’t make users rich but accelerate the adoption of Bitcoin and other cryptos. History of crypto faucets The term “crypto faucet” was first introduced in 2010 by American software developer Gavin Andresen, best known for his role in the development of the Bitcoin Network. Andresen's initial Bitcoin Faucet rewarded each user with five BTC for completing a simple captcha and eventually gave out 19,715 BTC in total during the promotional period. The distribution helped widen the Bitcoin ownership base. Going by the BTC price at that time—each token was priced at less... --- ### How to earn interest on crypto & best staking platforms > Investors are looking for ways to earn interest on their cryptos, including crypto staking, DeFi, and yield farming. Learn more. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/how-to-earn-interest-on-crypto-best-staking-platforms/ - Categories: Crypto - Tags: crypto, crypto background check Crypto has come a long way since its inception. Investors are looking for ways to earn interest on their cryptos, just like they do with traditional investments. In this article, we will discuss ways to earn interest on cryptos, including crypto staking, DeFi, yield farming, and crypto savings accounts. We'll also discuss the steps you need to take to earn interest on your crypto and where to do so. Different ways to earn interest on cryptos There are several ways to earn interest on your crypto assets. Here are some of them. Staking Staking is one of the easiest ways to earn interest in cryptos. It involves holding your cryptos in a wallet or an exchange supporting staking. By doing so, you're helping to secure the blockchain network, and in return, you earn interest in the form of new crypto coins. One of the most popular cryptos for staking is Ethereum. Ethereum 2. 0 introduced a new staking mechanism that allows users to earn rewards for staking their Ethereum. The annual percentage yield (APY) for staking Ethereum can range from 5% to 10%, depending on the platform. Staking is an easy way to earn passive income from crypto holdings. It requires little technical expertise and can be done with a few clicks. DeFi and yield farming Decentralized Finance is another way to earn interest on cryptos. It involves using smart contracts to create decentralized financial products, including lending, borrowing, and trading. Yield farming is a popular DeFi application that involves... --- ### How to Spot Crypto Pump-and-Dump Schemes? > Due to a lack of crypto regulations, crypto pump-and-dump groups and bitcoin scams are booming. Recognizing the red flags helps investors. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-are-crypto-pump-and-dump-groups/ - Categories: Crypto - Tags: crypto scams, pump-and-dump groups, rug pull Ever joined a long queue only to realize after a while that you were in the wrong one? Hate that, don’t you? Well, it’s way worse than that when it happens in the crypto space. Crypto pump-and-dump groups usually lead the wrong queue in crypto. And the result could be a scam. But not all such groups are scams. In this article, we will outline a few signs that will help you recognize the signs if you fall prey to a scam of this kind. We also offer tips on how to avoid them. Understanding Cryptocurrency Pump and Dump Schemes A crypto pump-and-dump group is a collective of crypto users who operate online. They get their name from the crypto pump-and-dump groups behind them, which “pump” up the price to sell off soon after (that is, dump it) at a higher price. While all these groups are involved in some form of market manipulation, they are not all malicious, as seen in the section below. Irrespective of their intention, the legality of all such groups is dubious at best in the crypto space. How do crypto pump-and-dump groups work? Crypto pump-and-dump groups operate on social platforms such as Discord or Telegram. While the platforms they use usually allow anyone to join in, there still is a hierarchy within the groups. The group admins are often at the top of the pyramid. Then some high-ranked members have the privilege of receiving alerts about potential pump-and-dump moves before all the others. This... --- ### Is the Metamask wallet safe enough to store your crypto? > Is Metamask safe? Know about MetaMask, its security features, easy registration, services, and the transaction process. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/is-metamask-safe-enough-to-store-your-crypto/ - Categories: Crypto - Tags: investment, Metamask, safety Note: Coinswitch currently does not have Metamask integration and does not support crypto-to-crypto withdrawals. Users can continue to trade in crypto using INR on Coinswitch. India loves to hold on to its possessions. The country’s households, for instance, are said to be the largest private holders of gold. It is then no surprise that there is significant interest among Indian crypto investors to self-custody their holdings, as against securing them with exchanges. Crypto assets can be stored in self-custody with hardware, a desktop, or a mobile wallet, such as Metamask. Hardware wallets are the best self-custodial wallets available in the market but are expensive. Alternatives include desktop and mobile wallets that function as crypto wallets and provide a gateway to blockchain apps: Metamask enjoys a preeminent position in this category. But is Metamask safe to store cryptos? Let’s dig in. About Metamask Metamask, one of the most popular crypto wallets, is available on both desktop and mobile. It provides a user-friendly way to store crypto and collect Non-Fungible Tokens (NFTs) across multiple blockchain platforms. ConsenSys, a New York-based blockchain software technology company founded by Joseph Lubin, launched the wallet in 2016. Its launch aimed to simplify access to dApps, online gaming platforms, and staking in DeFi spaces. Metamask began life as a secure crypto wallet option offering a beginner-friendly bridge between a web browser extension and the Ethereum blockchain. Initially, Metamask was an extension of web browsing platforms like Chrome, Firefox, and Brave. However, with the increasing popularity of cryptos... --- ### 7 Best Ripple Wallets To Store XRP Tokens In 2023 > Choosing the best Ripple wallets to store XRP tokens can be tricky. There are many Ripple wallets & each come with unique features and benefits. Here are a few secure options for you. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/best-ripple-wallets-to-store-xrp-tokens/ - Categories: Crypto, Explainers - Tags: altcoins, security Choosing the best Ripple wallet to store XRP tokens can be tricky. There are many Ripple wallets and each comes with its own unique features and benefits. Here’s a guide to help you choose a secure Ripple wallet that works best for your needs. What is XRP cryptocurrency? XRP ranks among the largest cryptocurrencies based on market capitalization. It has been around for several years, but it is not as well known as Bitcoin or Ethereum. XRP is mostly used to transfer funds between two parties almost instantly and at no cost. This feature makes it very attractive for cross-border payments because traditional payment methods such as SWIFT can take days or even weeks and charge high fees. The XRP Ledger, formerly known as OpenCoin, was created by Ripple in 2012 and served as a blockchain ledger that kept track of all transactions made over the network on the “RippleNet” platform, a software suite that allowed companies to send money across borders quickly and cheaply. What is an XRP wallet? An XRP wallet is a digital space where you can store your Ripple coins. For the uninitiated, a cryptocurrency wallet is a software application or system that enables you to send, receive, and store cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). 7 Best XRP wallets We have listed below some of the popular XRP wallets to store your Ripple tokens. Ledger Nano S Ledger Nano S is one of the top XRP wallets that comes with a... --- ### Ethereum Mining : Best Ethereum-based mining software > Review and compare the top ethereum mining softwares to select the best mining software for ETH. Read to know more - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/top-5-eth-based-mining-software/ - Categories: Crypto, Explainers - Tags: altcoins, ethereum, mining Ethereum is the second biggest crypto in the market today. Many of the blockchain projects trying to develop their ecosystem depend on Ethereum, and the number of such projects is only increasing. Mining is the spine of the Ethereum network, which is why you should know more about it. Explained : Ethereum Mining Mining is the process by which cryptos like Ethereum do two key things at once: create new coins, and verify transactions by adding them to a block. The verification is done by solving complex cryptographic puzzles. Miners don’t have to solve the puzzle themselves. They simply lend their computational power to the network in order to make mining possible. For this, they are rewarded in the native crypto, Ether (ETH). For mining, you will need mining software and hardware. How much you can mine depends on the mining process and what you pay for primary investment and maintenance. Mining can involve the use of different kinds of consensus mechanisms/algorithms. Ethereum uses a Proof-of-Work consensus algorithm called Ethash. 5 Best Ethereum Mining Softwares ETH mining software is essentially an app. It uses the graphics card of the miner’s computer to solve the mathematical equations for mining. The data generated by solving the equations are added to the block. To use any piece of software for ETH mining, you may need hardware such as an ASIC or a GPU. The hardware will allow you to link up to a mining pool and get wider access. The software provides a... --- ### How to choose the best cryptocurrency to invest in India? > The crypto market is volatile. These guidelines will help you choose the best cryptocurrency to invest in India. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/how-to-choose-the-best-cryptocurrency-to-invest-in/ - Categories: Crypto, Explainers - Tags: crypto trading, exchange, how to Many investors are afraid to enter the crypto space as they don’t understand how it works, and the technical jargon is either a turn-off or just too much for them to handle. Others get overwhelmed by volatility or the sheer number of options to choose from. There’s not much we can do about some of those things, but deciding which cryptocurrency to choose should not be that hard if you know what to look for. And we are here to ensure it isn’t. 8 things to check before picking the best cryptocurrency to invest in 1. The founding team The first thing to look out for is the founding team behind the crypto in question. Most trust-worthy cryptocurrencies have a highly skilled and well-respected team behind them. A team should come with extensive, relevant experience, excellent credibility, and a positive social media presence. The founding team has the power to make the cryptocurrency a success or failure. That is why assessing the team is important before deciding on the cryptocurrency to invest in, and the lack of a trustworthy team should be seen as a red flag. While taking a closer look at the founders, developers, marketers, and so on, here are a few things to consider: Are the team members ambitious? What is their track record? Do you trust their expertise? 2. The fundamentals Learning technical stuff will take time, so it makes sense to look for ways to decide best crypto to invest today and make a choice... --- ### What is a crypto ecosystem? > Crypto, a type of digital asset that runs on a blockchain network has a whole ecosystem surrounding it. Read this to learn more. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/what-is-a-crypto-ecosystem/ - Categories: Crypto, Explainers - Tags: investing The rising popularity and practical applications of cryptocurrencies are increasing interest in everything crypto. As a result, many more participants are joining the queue to ride the crypto wave by investing in this new type of asset. At a time like this, it is essential to understand the crypto ecosystem and its core components. Understanding how it works will ensure we make the right investment choices and are not swayed by FOMO. Understand Cryptocurrency Ecosystem The crypto ecosystem is a network of digital platforms and technologies that enable users to transact with crypto. It is based on blockchain technology. This technology creates a secure, decentralized way to store and exchange digital assets. The crypto ecosystem thus equips access to a wide range of services without relying on centralized institutions and revolutionizes the financial world. Crypto has also helped businesses develop innovative products and services for people across the globe. The associated ecosystem provides various use cases, such as payments, remittance, trading and investing, banking services, asset management, and gaming. Some of the core components of the crypto ecosystem are blockchain protocols and developers, miners and stakers, crypto exchanges, investors, and crypto media. Components of the crypto ecosystem There are various components of a crypto ecosystem. Let's break them down for you. Blockchain protocols The blockchain protocol is an essential component of the crypto ecosystem. It comprises cryptography, P2P networks, and consensus mechanisms. The basic idea it builds is that a new network can exist on top of the internet using... --- ### How to find arbitrage opportunities in crypto > This blog post will discuss arbitrage opportunity in the crypto world. Read on to learn more about this investment strategy. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/how-to-find-arbitrage-opportunities-in-crypto/ - Categories: Crypto - Tags: crypto arbitrage Are you looking for a profitable investment strategy in the world of crypto? Look no further than arbitrage trading. You can buy low and sell high by identifying price discrepancies between crypto exchanges, generating quick profits. This blog post will discuss arbitrage opportunity in the crypto world. Whether you're an experienced trader or just starting, mastering the art of crypto arbitrage can help you maximize your returns and take your portfolio to the next level. What is arbitrage trading? Crypto arbitrage is the investment strategy of buying and selling the same asset on different markets simultaneously to take advantage of minor price changes. This type of trading is popular among investors and traders as it allows them to profit without exposing themselves to market risks. One of the most popular types of arbitrage trading is crypto arbitrage. It involves buying and selling cryptocurrencies on different exchanges to profit from the price difference. For example, if Bitcoin is trading at $9,000 on one exchange and $9,100 on another, an investor can buy Bitcoin on the first exchange and sell it on the second exchange, making a profit of $100 per coin. Crypto arbitrage is becoming popular as more people trade in digital assets. However, it's important to note that arbitrage trading comes with risks. One of the most significant risks is the time it takes to complete a trade. The longer it takes to complete a trade, the higher the risk of changing prices on one or both exchanges. So, you... --- ### Is crypto mining legal in India? > Can we mine crypto? Crypto mining is not illegal in India, but it doesn't come cheap. Income or profit generated from mining is taxable. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/is-crypto-mining-legal-in-india/ - Categories: Crypto - Tags: bitcoin mining, crypto exchange, crypto mining What is Crypto Mining? India’s tryst with crypto has not been so smooth. The crypto industry has faced multiple regulatory hurdles over the years, and that has led to a lot of confusion about the country’s legal position on this virtual digital asset. This is where we put all those niggling doubts and pressing questions to rest once and for all. With the answers, you will be able to decide better how you want to acquire crypto—via mining or through an exchange. For those who are not tuned in, crypto mining is the process of generating new crypto through the verification of transactions on the blockchain platform. Is crypto mining legal? As crypto prices traveled north in 2020, many millennials took to mining—one of the ways of acquiring crypto. Many saw mining as a sure-shot way to generate steady returns. As the interest in crypto evolved into a full-blown crypto rush in subsequent years, mining became highly competitive. In addition, one question often emerged in this scenario: Is crypto mining legal in India? In India, no regulation or law restricts people from mining Bitcoin or any other crypto. People are, therefore, free to undertake crypto mining if they wish to. The income or profit generated from mining is taxable under the Indian Income Tax Act of 1961. You don’t need any special permission or permit from Indian authorities to mine crypto. You only need good mining hardware, mining software, a crypto wallet, and an uninterrupted power supply. On this front,... --- ### Reasons for coin is delisting from major Coin exchanges > Coin delisting by an exchange may seem harsh at the face of it. Here's what it really means when a major exchange delists a coin. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/coin-delisting/ - Categories: Crypto A crypto token is a digital asset that resides on a decentralized public blockchain. It is not issued or controlled by a single entity. It is this trait that fundamentally sets crypto apart from other asset classes. A user invests in a crypto asset as they expect the underlying technology and the project it represents to grow in adoption—as against the expectations of a company to do better in the market. But sometimes, projects go off-track. Or show cracks that were previously unseen. When that happens, crypto exchanges—the gateway to the decentralized world—delist the coin from their platforms, to protect the investors from the downsides. Delisting of coins may seem like a harsh step in the eyes of many—the ethos of decentralization and all—but exchanges take such steps when their evaluation and risk assessment of the coin raises red flags, and conclude that user’s investments may be exposed to unusual risks or even fraudulent behavior by the project developers. Delisting by major crypto exchanges does not mean the project ceases to exist—exchanges are an intermediary between the project and the investors. Coins that have been delisted by major global exchanges, most often, experience a sharp fall in price. This is to say, timely delisting by exchanges has protected user investments. Reasons Coins Get Delisted From Crytpocurrency Exchanges QSP, or Quantstamp, was delisted by major exchanges in August 2022. Between August 4, 2022—when the first major announcement of delisting was made by an exchange—and October 20, 2022, QSP’s closing price has... --- ### What are the fees charged by cryptocurrency exchanges in India? > Read our blog to know what cryptocurrency exchange fees are and get a clear understanding of the charges levied. - Published: 2023-07-26 - Modified: 2023-07-26 - URL: https://coinswitch.co/switch/crypto/understanding-fees-and-charges-on-crypto-exchanges/ - Categories: Crypto - Tags: exchange fee, spread fee While most stock brokers are regulated in India, cryptocurrency exchanges are not. Hence, their fees might not always be transparent or easy to understand. We’ve therefore compiled a comprehensive list of exchange fees so you know what to expect. What are exchange fees in Cryptocurrency? Exchange fees refer to all the charges you’re liable to pay your crypto exchange for holding, trading, and transferring your coins. Exchanges are notorious for charging customers exorbitant prices in return for providing tools to invest and trade in crypto. Understanding what you’re paying the exchange for every time you make a transaction is important. Not only will it help keep your bottom line in check, but it will also help you switch exchanges if you need to. Types of crypto exchange fees Crypto exchanges charge fees to sustain themselves and rake in some profit. There are various kinds of fees associated with an exchange. Let’s break them down for you. 1. Maker and taker fees Makers and Takers refer to two different types of traders. Makers are those that add liquidity to the market by placing limit orders. Conversely, takers take away liquidity through spot trading. Takers, essentially, wait for prices to fall within a desirable range so they can buy or sell. The fees that exchanges charge them are called maker and taker fees, respectively. Because exchanges are incentivized to attract more orders to their platforms, they tend to offer a lower maker fee than a taker fee. Remember that in addition to... --- ### A beginner’s guide to TradingView charts > TradingView Charts is the ultimate charting platform for traders and investors. Here's how to create your own charts, analyze market data and invent strategies. - Published: 2023-07-24 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/a-beginners-guide-to-tradingview-charts/ - Categories: Personal Finance - Tags: pricecharts, technical analysis, trading Analyzing price charts accurately is one of the keys to successful trading. But to learn how to do it, you will need top-of-the-line charting software. This kind of software, and the advanced charting tools that come with it, can help you track price action precisely and figure out what moves to make. One of the most popular software of this kind is TradingView. The TradingView charts are used by all classes of traders and investors, but especially professionals. If you want to join their ilk, this detailed guide should help you get started. What does TradingView do? TradingView charts are easy to access and browser-based. The charting platform assesses all assets, financial instruments, and cryptocurrencies traded globally. It tracks the price of all these assets and financial instruments on a real-time basis. One of the best things about TradingView is the tool options it presents. The tools are free and accurate. They are available to and used by all levels of traders. TradingView charts also come with a chat corner for users to socialize. Users can visit it to share trading ideas and discuss various trading-related developments. For most traders, the TradingView charts are the go-to option. Nowadays, in fact, they are integrated with most investing platforms for quick access to price charts. This has made tracking the market and understanding price action much, much easier. Features on TradingView In the free version of TradingView, the following features are offered to users: Up to 12 TradingView chart types (including line,... --- ### Is CoinSwitch safe for crypto investments? > Cryptocurrency security has always been a pressing issue. However, CoinSwitch has implemented measures to protect users from fraud and malicious activity. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/how-safe-is-coinswitch-kuber/ - Categories: Crypto, Explainers - Tags: security CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders. The public and verifiable leadership structure at CoinSwitch enhances investor confidence. It is firmly committed to transparency in operations for stakeholders, which is crucial to investment growth. What are the steps taken by CoinSwitch to keep user money safe? CoinSwitch has taken several initiatives to ensure the security of investments. No wallet address CoinSwitch is a non-custodial exchange. Unlike other players, who provide wallets and act as custodians of user money, CoinSwitch doesn’t provide for storage of funds on its platform. The lack of a wallet address protects users from hackers. Security best practices The CoinSwitch app uses blockchain intelligence tools and implements a mandatory Know Your Customer (KYC) process to enhance security. KYC is vital in filtering criminal activity from the platform. Moreover, its intelligence tools proactively investigate and identify crypto-related crimes and fraud. Such an initiative ensures that the platform is always ahead of illegal activity and can ensure regulatory compliance from users. The identity verification process requires a PAN card, a selfie, and a secondary ID. The process ensures the platform knows and maintains a record of the identity of everyone operating on it and that there are no spam accounts, thus protecting users. Customer support CoinSwitch protects user funds from human errors by using an intelligent service system and a... --- ### ChatGPT in crypto: How AI can assist in fraud detection and prevention > ChatGPT, an artificial intelligence chatbot that has taken the world by storm, can make the crypto market a safer place. Read to learn more. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/chatgpt-in-crypto-how-ai-can-assist-in-fraud-detection-and-prevention/ - Categories: Crypto - Tags: artificial intelligence, ChatGPT Introduction to ChatGPT in crypto ChatGPT, a text-based artificial intelligence (AI) platform, has captured the world’s imagination since its launch in November 2022. Small wonder the AI chatbot drew 1 million users as it can do a variety of tasks with great accuracy. It has the potential to impact the crypto market in a variety of ways. Let’s dig in. How AI and Natural Language Processing (NLP) can assist in fraud detection and prevention NLP is a branch of AI that integrates computational linguistics with statistical models. It enables machines to read, understand, and draw conclusions from human languages. The advancement of underlying computing technology, such as the Tensor Processing Unit, has led to a huge leap in research, producing some cutting-edge language models. By identifying suspicious behavior patterns, NLP can uncover fraud in financial transactions. NLP, for instance, detects inconsistencies in credit applications or suspicious transactions on credit cards. Understanding the capabilities and limitations of ChatGPT in the crypto industry One application of this tool is in trading, where it offers potential price movements of various commodities in the market. The chatbot can examine market data, forecast future trends, and discover trading opportunities. ChatGPT can also help build automated trading algorithms and aid in decision-making. By analyzing market data, ChatGPT can assist traders in making better-informed choices and capitalize on fresh possibilities. The importance of AI in safeguarding the crypto market The adoption of blockchain brought benefits like increased openness, data consistency, and security. By merging AI and blockchain,... --- ### Best International Mutual Funds to Invest in India 2023 > Here is a list of some of the best international mutual funds in India in 2023. Read this list to find great opportunities. - Published: 2023-07-21 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/best-international-mutual-funds-to-invest-in/ - Categories: Mutual Funds, Personal Finance - Tags: global mutual funds, international mutual funds, mutual funds Unlike domestic mutual funds, international mutual funds seek investment opportunities abroad. They invest in stocks and stock-related instruments of the best-performing companies across the globe. Here is a list of some of the best international mutual funds in India in 2023. Read this list and do your own research to find great opportunities to diversify your portfolio. The operation of global mutual funds Investing in a foreign equity mutual fund is like investing in any other mutual fund. You invest some money, which the fund manager collects and invests for you. In the case of international mutual funds, though, the manager invests in shares of foreign companies which are trading on international exchanges. The fund manager can allocate your money to foreign stocks in one of two ways. Through individual stock purchases and prudent portfolio management. Alternatively, you could purchase shares of foreign companies through a global fund that already has a diversified portfolio. Indian mutual fund firms manage these funds no matter which option they choose. The Securities and Exchange Board of India (SEBI) governs them. India’s five best-performing international mutual fund schemes in 2023 Here is a list of the top international mutual funds in India. However, as always, make sure you do your research. Because nobody cares about your money as much as you. 1. ICICI Prudential US Blue-Chip Equity Fund The primary focus of the ICICI Prudential United States Blue-Chip Equity Fund’s portfolio is on equity and equity-based securities issued by established US corporations (called blue... --- ### How Does Blockchain Support Data Privacy? > Immutability is one of the key features of blockchain. Read on to understand what is immutable ledger and its benefits. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/what-is-immutable-ledger-in-blockchain-and-what-are-its-benefits/ - Categories: Crypto - Tags: immutable ledger Blockchain technology lies at the heart of crypto. At the heart of the blockchain is its immutable nature, which makes it ideal for financial innovations such as digital currencies. The improved security of blockchain technology is due to its decentralized and immutable nature. Therefore, it makes sense to understand what is immutable ledger and its benefits. Let’s dig in. Immutable ledger in blockchain So, what is the immutable property of the blockchain ledger? Essentially, one of the salient features of blockchain is the security of data. Data, once entered, cannot be changed normally, increasing the security of the blockchain. Detailed analysis of immutable ledger in blockchain To understand the concept of immutability, it is crucial to understand how blockchain works. Blockchains are distributed ledgers used by a network of computers. By “distributed,” we mean public to all participants of the network. So anyone on the network can add to or view it. In other words, blockchains store a record of all transactional data. The data is secured through cryptography. Network participants compete with each other—in one way or the other—and the winner gets to verify a block of data. Post verification, the blocks are connected to all previous transactions through a chain-like structure. This chain of blocks containing transactional information is the blockchain. Because of their chain-like form, which ensures that each change is captured, blockchains are very difficult to tamper with. These blockchains, therefore, make security, transparency, and decentralization possible. How to achieve immutability? We have seen that immutability... --- ### Understanding the Difference Between Basic EPS vs. Diluted EPS > Basic EPS is calculated by dividing a firm's revenue by the total outstanding shares. Diluted EPS considers all convertible securities. - Published: 2023-07-21 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/basic-eps-vs-diluted-eps-an-explainer/ - Categories: Indian Stocks, Personal Finance - Tags: basic eps, diluted eps This blog post discusses the importance of financial metrics such as basic earnings per share (EPS) and diluted EPS in evaluating a company's financial health and profitability. The article outlines the basic definitions of these two metrics and explains how they differ from each other. Read on to get a grip on these key concepts and the uses of basic EPS and diluted EPS. Earnings per share (EPS) vs. Diluted EPS: An overview Understanding the difference between Basic Earnings Per Share (EPS) and Diluted EPS is crucial in analyzing a company's financial performance. Let's explore the two types of EPS and how they impact the earnings per share calculations. Earnings per share (EPS) EPS is a financial metric used to measure a company's profitability. It indicates how much profit a company has generated per outstanding share of common stock. EPS is a critical metric used by investors to evaluate a company's financial health and to compare its profitability with other companies. However, changes in the number of outstanding shares, currency rates, and other non-recurring variables can impact EPS. Further, it is reported on the income statement and is typically calculated for a specific period, such as a quarter or a year. The formula for calculating EPS is: EPS = (Net income - preferred dividends) / Average outstanding shares In the above formula, net income is the company's total income after all expenses have been deducted, and preferred dividends are any dividends paid to holders of preferred stock. Average outstanding shares... --- ### Explained Passive Income and Its Options > Here are some ways to make passive income without worrying about investments & complicated business plans. These are all simple, practical ways to earn money that don't require much work. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/personal-finance/what-is-passive-income/ - Categories: Personal Finance - Tags: money management Simply put, passive income is the money you generate without getting actively involved in the project you have invested in or putting in the labor. It is the income that you earn passively in that sense. Revenue-generating investments, such as real estate and cryptocurrency, can give you a continuous flow of passive income. Why do you need passive income? Here are a few reasons why you should consider creating a source of passive income: 1. Reduced reliance on paychecks: Living from paycheck to paycheck is stressful. Using your savings and investing them wisely in passive income-generating sources can ease your dependence on a monthly salary. A passive income also creates the opportunity to save money, which in turn may be reinvested. 2. Improved financial stability: Financial stability is critical in today’s world. With many uncertainties such as the pandemic looming over us, worrying about keeping up a flow of income has become pretty common. Passive income eases those worries to some extent as it could serve as a safety net when times are dire. 3. Achieving goals becomes easier: Most of us have many goals tied to our finances. When we generate some extra money through passive income, achieving these goals becomes easier. A passive income gives you more financial independence, allowing you to follow your passions. 4. The possibility of remote work: Most sources of passive income do not require you to be physically present. A passive income will usually flow in irrespective of where you are. All you... --- ### Understanding Web 3.0 security concerns & technical challenges in 2025 (Updated) > Web 3.0 promises decentralization and privacy, but comes with security concerns and technical challenges. Read this article to know more. - Published: 2023-07-21 - Modified: 2025-02-24 - URL: https://coinswitch.co/switch/crypto/understanding-web-3-0/ - Categories: Crypto - Tags: crypto, security, web3 The internet is considered a great leveler, personified by its new iteration, Web 3. 0. The technological leap in the last couple of years has been massive, and within no time, Web 3. 0 has transformed every sector in the digital space. Blockchain technology—the backbone of crypto—is often hailed as the embodiment of Web3. AI is smarter than ever, cryptos are the newest investment avenue, and digital ownership is redefining the internet. From decentralized finance (DeFi) to non-fungible tokens (NFTs) to metaverse to meme coins, Web 3. 0 is finally taking shape. However, this innovation comes with its share of concerns, such as security risks, regulatory oversight, and technical challenges. Let’s dive into what’s happening in the Web 3. 0 space and its security concerns in 2025. What is Web 3. 0? Web 3. 0, also known as the semantic web, is the next stage in the evolution of the internet. Here, information is organized in a more intelligent and decentralized way. It is characterized by decentralized systems, data storage, and intelligent and personalized data processing. Defined by decentralization, Web 3. 0 leverages technologies like blockchain, AI, and IoT to offer better security, efficiency, and openness. In fact, it was created with this very objective. The birth of the technology was propelled by the desire to offer users more control over their intellectual property. Its predecessor, Web 2. 0, is the current version of the Internet. But innovations also bring security issues in their wake. Smart contract flaws, data breaches,... --- ### A Beginner’s Guide To Limit Order in Crypto Trading > A Crypto limit order means setting a predetermined level for buying & selling a crypto asset of your choice. Follow the CoinSwitch blog for more details. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/what-is-a-crypto-limit-order/ - Categories: Crypto - Tags: crypto, limit order Trading quick or trading right—that’s crypto trading for you in a nutshell. With this basic understanding in place, choosing the right order type can help you enter the market with confidence. If we were to zoom out a bit, trading in any high-beta asset class (stocks or crypto) requires some trading levels. The levels include the price at which you enter or exit the asset, gaining a profit or incurring a loss in the process. Reaching those levels requires you to place a certain type of order: Limit order, market order, or even a stop order. This article would focus on the first two. Let’s dig in. What is order limit? An order limit is exactly what it reads. It means setting a predetermined level for buying (selling) an asset, and once the price reaches or breaches that level, the order gets executed. That’s it! If you are a trader, you might still have your questions. If a crypto I bought is currently trading at $30, can I place a sell order limit for $50 and wait for it to get executed? Well, that’s a toughie! And the answer is yes, you can. But not in a way you think. Let’s understand this better: In crypto, there is no inventory. The market comprises buyers and sellers constantly trying to outbid each other to buy low or sell high. And there are hundreds and thousands of them, working in the narrowest possible price range. Therefore, if a crypto is trading at... --- ### RSI Indicator for Crypto Trading : Explained > The Relative Strength Index (RSI) is a momentum oscillator. It measures how fast the price of a crypto is changing. Learn more about RSI here. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/what-is-an-rsi-indicator-and-how-to-use-it-in-crypto-trading/ - Categories: Crypto - Tags: crypto, momemtum indicator, RSI Fundamental analysis and technical analysis help people make better trades. But the former tries to determine an asset’s real value, while the latter seeks to identify a distinct price trend. The technical analysis primarily involves using several tools and indicators—particularly price charts. The Relative Strength Index (RSI) indicator is one among them. It is a tool that can help investors determine whether an asset is overvalued or undervalued. What is RSI, and what is its importance in crypto trading? RSI is a momentum indicator. It measures how much and how fast the price of a particular crypto changes. It also indicates whether the crypto or stock is being oversold or overbought. That information helps traders decide the direction of their trades. The trajectory of RSI for BTC and USDT over the past few months (Source: TradingView) Visually, it is depicted as an oscillator (line) that moves in the 0–100 range, as visible in the graph above. If it goes above 70, the security is considered to be in the “overbought” zone, and if it dips below 30, the asset is said to be “oversold. ” The 50 mark is considered neutral territory. An overbought asset could indicate an impending downtrend. The indicator is typically used with a 14-day timeframe in mind. Professional traders use RSI to map high profitability trade entry points and reduce the risk of losses. However, one should not rely only on RSI. Confirming a trend using other momentum oscillator indicators like MACD, the stochastic indicator, and... --- ### Ultimate Guide to Order Books and Market Depth > Order books and market depth are connected. The former is a list of orders, and they represent the latter. Read this to learn more. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/personal-finance/everything-you-need-to-know-about-order-books-and-market-depth/ - Categories: Personal Finance - Tags: market depth, order book Orders are how you, as a trader, could interact with an exchange. But how do you know when to place an order? Are there enough buyers or sellers? Or are there too many sellers? Order books and market depth can help answer these questions. Both help traders and financial analysts find all this information at a glance. This blog will explain the two interlinked concepts and how they can help you. What is market depth? And how is it connected to order books? Market depth is a measure of the market’s ability to absorb rather large market orders without letting it significantly impact the security’s price. If the market for a stock is “deep,” and the orders are spread out evenly around the current market price, there will be a sufficient volume of pending orders on both the bid and ask sides. So any large order cannot significantly move the price. The concept takes on board bids, offers, and open orders for an asset. The market depth can be ascertained by looking at level 2 price quotes. These may be found in the relevant order book, essentially a list of pending buy or sell orders at various price levels. What is an order book? Order books are a digital list of buy and sell orders on an exchange. Every asset traded on an exchange will have a separate order book. So there will be order books for each stock, bond, and crypto. These books are organized by price level. And... --- ### What is leverage in crypto trading? > In crypto leverage trading, traders borrow crypto to finance their trades based on their prediction of the market's price movement. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/what-is-leverage-in-crypto-trading/ - Categories: Crypto - Tags: crypto, cryptoleveragetrading, leverage You’re probably already familiar with the idea of “high risk, high reward. ” The feature of leverage in crypto enables users to act on this idea. Exchanges offer the leverage feature to help those with small holdings to make the most of their money. Using leverage, you can get access to a lot more of your preferred asset, so that you can trade with larger quantities without buying them. In fact, there is no buying involved at all. Instead, it involves borrowing the asset. Keep reading to learn more about this option. Understanding Leverage in Crypto Trading Leverage is a kind of loan. In leverage trading, the borrowing of crypto enables traders to finance any trades they want to make, based on the direction they think the crypto’s price might move in. The trading decision is ideally based on research they have done. The use of borrowed funds for trading gives them “leverage” in the market. Hence the name. Interest is, of course, charged for borrowing the asset. Different crypto exchanges allow different types of loans. The loan could give you a wide range of profit—anything from 10x to 100x. Leverage is best paired with an unstable asset. Traders use the volatility in prices to their advantage, and the leverage helps them get a better deal. Leverage is therefore an especially popular concept in crypto because this type of market is very volatile. The leverage feature is useful because it allows traders to trade with a lot more than what... --- ### Explore Blockchain Minting Benefits > This article talks about the benefits of minting NFTs on a blockchain. For a longer read on the process, head here. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/what-are-the-benefits-of-minting-on-a-blockchain/ - Categories: Crypto - Tags: benefits of minting, blockchain, NFT minting In recent years, blockchain technology has completely changed the financial landscape. This technology, as you may know, helps securely record transactions. This has led to the creation of cryptos, which can be exchanged with one another, and unique digital assets called NFTs. This article is about these one-of-a-kind assets and how they come into circulation—a process known as minting. For a longer read on the process, head here. This one focuses mainly on the benefits of minting on blockchains. Introduction to blockchain and NFT minting With blockchain technology comes the idea of Non-Fungible Tokens (NFTs). And with them comes their origin story (or process, rather)—the process called minting. We’ll get to that in greater depth, but first, a moment to recall the basics. Understanding the basics: Blockchain technology and NFT minting Blockchain technology is a technology that enables the conduct of secure and transparent transactions. Because of the transparency, this technology does not need to rely on middlemen such as banks. The technology involves having multiple computers forming a network. The network’s participants can store and transfer digital assets on the blockchain network. And they collaboratively maintain the ledger that anyone can access. This is what enables transparency. One of the assets that a blockchain can store and safely transfer is NFTs. NFTs are digital assets that can be owned and traded, much like traditional physical assets. And they come into existence through a process called minting. Now that we’ve wrapped our heads around NFTs and minting let’s look at... --- ### Mastering Crypto Gas Wars: A Complete Guide > Gas payments are made by individuals to complete a blockchain transaction. Gas war refers to competition from investors for crypto assets. - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/a-complete-guide-to-crypto-gas-wars/ - Categories: Crypto - Tags: crypto, gas war The crypto world, it is known, works differently. The popularity of the nascent asset class—which includes cryptos and NFTs—has everyone scrambling for a bite of the lucrative crypto pie, triggering a war of sorts—gas wars. Gas in crypto speak is blockchain transaction fees—-payments made by individuals to complete a blockchain transaction. In other words, gas fee is the fuel needed to complete a blockchain transaction. Interestingly, gas fee is the reward blockchain miners get for using computing power to verify these transactions. Introduction to crypto gas wars The term gas fee is used in association with the Ethereum blockchain. Other blockchains such as Bitcoin refer to transaction fees differently. However, the cost of gas varies according to the network congestion. Essentially, the gas charge increases as more individuals use the network. Understanding the basics of crypto gas wars A gas war is a fierce bidding battle between addresses trading on a blockchain for a crypto asset, which pushes up the transaction fee or gas fee. As a result, individuals who cannot afford the higher cost are barred from participating in the transaction. How crypto gas wars occur in the blockchain network As in any other market, a gas war breaks out when demand for a crypto exceeds supply. The higher demand clogs the network, leading to failed transactions and increasing transaction time. To facilitate faster transactions, some customers tip blockchain validators, prompting them to boost the gas fee. Consequently, bidders may continue to pay higher gas fees to beat others... --- ### What is Chainlink, and why is it important in the crypto world? > Chainlink is a decentralized oracle network that enables universally connected smart contracts. Learn more about Chainlink crypto here - Published: 2023-07-21 - Modified: 2023-07-21 - URL: https://coinswitch.co/switch/crypto/what-is-chainlink-and-why-is-it-important-in-the-crypto-world/ - Categories: Crypto - Tags: Chainlink, crypto Data is the oil of the digital era, its applications powering much of the digital world, including crypto. The blockchain ecosystem is a network of participants with common business objectives and processes. In the initial stages of the evolution of the blockchain ecosystem, decentralized projects could not connect with the external systems that fed vital data required by smart contracts to execute transactions. The disconnect hampered the growth of blockchain protocols, with the crypto and traditional markets functioning like two separate entities. At this stage of the blockchain ecosystem’s growth, blockchain oracles came to the rescue by enabling smooth data flow between the two worlds. In other words, they act as a bridge between on-chain and off-chain networks to facilitate the free flow of information. Essentially, oracle networks collect and collate data from various sources and supply it to Defi projects. Chainlink, the biggest of them, procures data from sources as varied as the news agency Associated Press. In this blog, we will be discussing Chainlink in detail and why it is important in the world of crypto. What is Chainlink (LINK)? Chainlink is a decentralized blockchain-based oracle network that enables universally connected smart contracts. The problem with existing smart contracts of different blockchain protocols is that they cannot import data from external data sources or off-chain data and convert it into an on-chain format compatible with smart contracts. For example, PAXG is a gold-backed stablecoin, which tracks the prices of gold in real-time. But as gold is a traditional... --- ### A guide to best layer 2 protocols of 2023 > Layer 2 protocols offer a second layer on top of the primary blockchain, increasing their scalability, security, and effectiveness. Read on. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/a-guide-to-best-layer-2-protocols-of-2023/ - Categories: Crypto - Tags: crypto, layer 2 protocols As blockchain adoption increases, scalability remains one of the biggest problems for the current blockchains. Layer 2 protocols offer a second layer on top of the primary blockchain, increasing their scalability, security, and effectiveness. This article will discuss the top layer 2 protocols and layer 2 crypto coins in detail. Knowledge of layer 2 protocols Layer 2 protocols solve the scalability, transaction speed, and high gas fees problems that plague traditional blockchain networks. These protocols can manage numerous transactions by adding a layer on top of the primary blockchain. Layer 2 protocols come in various forms, such as rollups, sidechains, and state channels. Users can conduct off-chain transactions through state channels more quicker and more affordable than on-chain transactions. With sidechains, programmers can build their own connected, smart contract-capable blockchains. On the other hand, rollups combine several transactions into one, lightening the burden on the primary blockchain. Essential elements of networking technology are layer 2 protocols. These protocols specify how information is passed between networked devices. They make it possible for networked devices to communicate with one another, which is essential for business operations. Although many layer 2 protocols are available, the best offer quick, secure, and reliable data transfer. Top layer 2 protocols for 2023 Here are some of the top layer 2 protocols for 2023. Meter Meter from Decentralized Finance Labs enables the smart contract to scale across different blockchain networks. The Meter system has two tokens: the governance token called MTRG and MTR. Loopring Loopring protocol enables... --- ### Polkadot vs. Chainlink: What’s the difference? > Polkadot and Chainlink are two popular blockchains that aim to improve blockchain technology. In this article as we explore the differences. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/polkadot-vs-chainlink-whats-the-difference/ - Categories: Crypto - Tags: Chainlink, Polkadot, Polkadot vs. Chainlink In recent years, blockchain technology has become more and more popular. Naturally, emerging platforms try to solve some of their problems. Two such platforms are Polkadot and Chainlink. Both aim to improve blockchain technology, but they do it differently. In this article, we explore the differences as we help you determine which platform might work better for you. Introduction to Polkadot and Chainlink Before diving into the differences between Polkadot and Chainlink, let’s understand what each platform is about. Polkadot is a blockchain platform. It aims to offer a way for different blockchains to communicate and share data with each other. Created by Gavin Wood, one of the co-founders of Ethereum. Polkadot’s main goal is to create a decentralized and interoperable network of blockchains. That means making it possible for different chains to work together seamlessly. Chainlink, on the other hand, is a decentralized oracle network. It aims to connect smart contracts with real-world data. Founded by Sergey Nazarov and Steve Ellis in 2017, Chainlink aims to make it possible for smart contracts to access data from sources outside the blockchain. The outside sources can be APIs, data feeds, and other websites. Understanding the basics and purpose of both platforms Now that we know what Polkadot and Chainlink are let’s dive deeper into their basics. Polkadot has a multi-chain architecture. That means it consists of many different chains that can work together. Each of these chains can have its own rules and functions. The design, therefore, allows for greater flexibility... --- ### What is peg in crypto? > Pegging refers to linking the market value of a cryptocurrency to an external reference, which can be a fiat currency or a commodity. Read on. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/what-is-peg-in-crypto/ - Categories: Crypto - Tags: crypto, peg Be it buying or trading crypto or any financial instrument, such as equity or commodities, knowing the right price helps maximize returns. Besides, knowing the correct value helps make rational decisions. In short, pegging is a vital concept that helps determine the right value for any instrument. Definition of pegged crypto There are two ways to look at a peg. From a traditional currency perspective, a peg refers to an exchange rate like the USD-INR, USD-EUR, SGD-AUD, etc. Until several decades ago, gold was used as a benchmark to evaluate currencies. Until the 1930s, coins, bars, and gold jewelry provided the promise of a direct exchange to currency for the exchange of goods and services. But countries such as Britain and USA stopped accepting gold, and soon, the gold standard was out of fashion worldwide. Today, the US dollar is a global reserve currency. The conversion of one currency to another is a peg. Peg can also refer to the Price to Earnings to Growth ratio, a crucial assessment tool in the equities market. Peg is also useful while evaluating an investment decision in stablecoins. To many investors, the price-to-earnings ratio and earnings per share have been the standard tools for assessing a stock's performance—a lower PEG indicates better value. In the crypto world, PEG denotes the value of a particular crypto asset with external factors such as fiat money or other collateral such as gold, silver, or other stocks and instruments. How does a currency peg work? Generally, countries... --- ### How does market cap affect crypto prices? > Market cap is an excellent metric for understanding where a crypto asset stands. To help you understand this better, read on. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/how-does-market-cap-affect-crypto-prices/ - Categories: Crypto - Tags: crypto market cap You are wrong if you believe that the determining factor of a crypto’s worth is its price. The crypto market cap determines the actual value and popularity of a crypto. Market cap is an excellent metric for understanding where a crypto asset stands. To help you understand this better, let us discuss this topic in detail. Understanding market cap Before you start trading or investing, you should know the value of various crypto available in the market. However, simply searching crypto prices will not help you understand the true value of, say, Bitcoin, the pioneering crypto. It is imperative to understand its size and how popular it is in the market. Market cap, its role in crypto prices, and how it's calculated Crypto market cap, by definition, is the total value of all the coins that have already been mined. To calculate this value, you should multiply the current price of one crypto coin by the overall number of mined coins. The market value of a crypto determines its stability. The greater the crypto market cap, the more stable it is for investment. In contrast, cryptos with lower values are often affected by market volatility. Users looking forward to investing can utilize the capitalization of a crypto asset to measure its total value. Further, this value will help them understand how popular and stable a crypto asset is. You can find out which crypto has the potential to grow and is less risky. Factors that affect market cap The rising... --- ### Top 5 cryptos to keep an eye on in 2023 > This article will help you to get a detailed understanding about what are the best crypto to invest in 2023. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/top-5-cryptos-to-keep-an-eye-on-in-2023/ - Categories: Crypto - Tags: bitcoin, Dogecoin, ethereum, Top cryptos This article tries to answer one of the most frequent questions in the crypto space: Which cryptocurrency is the best to invest in now? First things first, there is no coin that is the “best” across time. The market is always changing—especially so with the crypto market. So, the best we can do, for now, is tell you what the top 5 crypto projects of 2023 are. The list below consists of some evergreen coins that the market is usually optimistic about. Overview The crypto industry is set to have a dynamic 2023. Uncertainty surrounds the market’s future direction, and many wonder how long the FTX aftermath will last. While some experts are managing to stay optimistic about the crypto market’s medium-term prospects, others are not so sure. However, if you do decide to buy in, this is your one-stop guide on some of the more popular options out there. The advantage of investing in a popular coin is that it’s likely to be more well-established and have greater liquidity. The former is likely to mean that the developers of the protocol have invested more in securing the platform. And safety is, of course, a key concern of all sensible investors. The liquidity aspect of it will help when you eventually want to sell your coin. The more the number of people trading a coin, the higher the likelihood that you will find a buyer at your price. The best 5 cryptos in 2023 There are innumerable options in the... --- ### Filecoin Token Mining: A Comprehensive Guide > Filecoin is a decentralized storage network. In this article, we explore the rocess and the profitability of FIL token mining. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/the-process-of-fil-token-mining-and-its-profitability/ - Categories: Crypto - Tags: filecoin, mining Filecoin is a decentralized storage network that aims to create a more secure and efficient way to store and retrieve data. The FIL token powers the platform. In this article, we explore how mining FIL works and the risks and profitability of the process. Introduction to FIL tokens The Filecoin crypto was created in 2014 by Juan Benet, a software engineer and entrepreneur based in California. The project was introduced to the public through its 2017 white paper, and the mainnet launch occurred in 2020. The platform allows users to rent out their unused space to store data. Filecoin uses the unique Proof-of-Replication and Proof-of-Spacetime consensus mechanisms. Together, they help ensure that the data storage is secure and efficient. Read more about it here. The process of mining FIL tokens FIL tokens are being used to incentivize miners to store and retrieve data on the platform. Users can earn FIL tokens by mining on the network. The process of mining FIL tokens involves providing storage space and contributing computational resources to the network. Miners need specialized hardware for the task and are responsible for storing and retrieving data on the network. To become a storage miner, users must first obtain hardware and software and run the Filecoin client. Once they have set up their node, they can begin providing storage space to the network and participating in storing and retrieving data. The process of mining FIL tokens is competitive. Miners compete to provide the network with the most efficient and... --- ### What is Proof of Elapsed Time (PoET) in blockchain? > The concept of Proof of Elapsed Time can sound a bit technical, but it is not. Read on to find out more about this algorithm. - Published: 2023-07-20 - Modified: 2023-07-20 - URL: https://coinswitch.co/switch/crypto/what-is-proof-of-elapsed-time-poet-in-blockchain/ - Categories: Crypto - Tags: consensus mechanism, PoET algorithm, Proof of Elapsed Time (PoET) The concept of Proof of Elapsed Time (PoET) can sound a bit technical even to the nuanced blockchain expert. A simple way to understand PoET is to imagine a handshake between two parties. A handshake in this example refers to a consensus or agreement. Two or more parties could either agree or disagree about something. Since all parties must be on the same page about the agreement, a blockchain system uses an intricate mechanism known as PoET. Introduction to Proof of Elapsed Time (PoET) Consensus mechanisms are methodologies used to reach an agreement. It’s a set of rules that helps protect networks from malicious behavior and hacking attacks. Consensus is a process by which a group of peers—or nodes or entities—on a network determine which blockchain transactions are valid and which are not. The PoET mechanism is a simple consensus mechanism that provides a fair and efficient way of determining the order of transactions in a blockchain network without using excessive computational power. Understanding the basics of Proof of Elapsed Time (PoET) Fundamentally, any consensus-based mechanism will involve several individual entities and a trustworthy validator. For instance, in a group discussion involving 10 students, one always finds a moderator who ensures that everyone gets ample time. Similarly, the basics of the PoET mechanism involve the validator nodes and a confidential computing processor that always upholds integrity. How PoET works in the blockchain network To understand the working of the PoET mechanism, let's use an example involving 10 validator nodes in... --- ### Top 10 cryptos by market cap in 2025 (Updated) > Read on to know more about top crypto assets in India by Market Cap. Checkout their basic information , growth prospects, current coverage and other important details. - Published: 2023-07-20 - Modified: 2025-01-28 - URL: https://coinswitch.co/switch/crypto/top-10-crypto-assets-by-market-cap/ - Categories: Crypto, Explainers - Tags: crypto, market cap Digital assets such as crypto are usually categorized according to their type, popularity, trading history, and utility. However, market capitalization—the total value of a coin calculated by multiplying the number of coins in circulation by the price of each coin—-is often considered a reliable measure when it comes to a relatively new asset class like crypto. Considering the market cap metric will help you explore the crypto space better—and with fewer biases. This blog post lists the top 10 crypto assets by market cap. Why market cap: The rationale behind the list We have followed a diligent selection process to compile the list. In the crypto world that consists of thousands of assets, market capitalization is a useful indicator to help investors and traders make the right choice. In other words, buyers can use it to compare crypto assets not only with each other but also with other real-world assets and companies. We have excluded stablecoins like Tether and USDC from the list, as they are relatively easy to choose and are not easily swayed by market fluctuations. Top 10 cryptos by market capitalization in 2025 Below is a quick overview of top assets by market cap, followed by detailed insights into each asset. (Note: The market capitalization and prices mentioned below are as of January 23, 2025) 1. Bitcoin (BTC) Current market cap: $2. 02T Background Often referred to as digital gold, thanks to its store-of-value features, Bitcoin holds the top spot in crypto rankings. As of January 23,... --- ### Fixed Deposits as Loan Collateral: Benefits and Process > Did you know that you could get a loan against your FD? Read this to learn all about that option and make the best of your investment. - Published: 2023-07-19 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fixed-deposits-as-collateral-for-loans-how-it-works/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, loans We often underestimate the worth of a fixed deposit (FD). Many focus on the not-so-premium returns of FDs, comparing them to equity or crypto investments. However, fixed deposits are not only meant to offer relief during emergencies; they can even be used as collateral for loans, or in other words, you can get a loan against FD. What are loans against FD? A loan against Fixed Deposit (FD) is a type of secured loan that banks and financial institutions offer. The borrower receives this type of loan against the security of their fixed deposit account. In other words, the fixed deposit serves as collateral for the loan. The loan amount is equivalent to a certain percentage of the fixed deposit amount—usually around 70-90% of the deposit. The borrower can access the loan amount without breaking the fixed deposit. That means they can continue earning interest on their deposit even while they take a loan against it. To understand this type of loan better, let’s visualize the case of Shyam. Shyam has set aside some money in a five-year fixed deposit scheme. Thanks to the great interest rate, Shyam’s fixed deposit corpus will be ₹3 lakhs by the end of five years, although his initial investment was much lower. The bank has been regularly paying him a 5% interest each year. So that’s ₹15,000 flowing into his savings bank account annually. But one day, Shyam needs ₹1 lakh to meet a financial emergency. Should he withdraw his fixed deposit or take... --- ### Essentials of Algorithmic Trading: Concepts & Examples > An algorithmic trading bot is basically a code that makes trading decisions that humans would have otherwise made. Learn more here. - Published: 2023-07-19 - Modified: 2023-08-22 - URL: https://coinswitch.co/switch/crypto/explainer/understanding-algorithmic-trading-bots/ - Categories: Explainers, Personal Finance - Tags: algorithmic trading Move over humans, technology is taking over the trading floor. Algorithmic trading—also known as “algo trading”------makes trading securities both simpler and complex at the same time. The use of bots has grown manifold with advancements in AI and computing power. Like it or not, high-frequency trading is here to stay. Let’s dig in. What is an algorithmic trading bot? Trading algorithms are computer programs that can execute trades at split-second speeds. An algorithmic trading bot is basically a code that makes trading decisions that humans would have otherwise made. The bot can spot buy and sell opportunities and can mark entry and exit positions too. Robots that work as algorithmic trading bots can generate profits at great speed and accuracy—-levels that humans find nearly impossible to attain. Why should you opt for algorithmic trading? There are several reasons why you would choose algorithmic trading bots: Speed and efficiency: Bots can analyze market data and execute trades much faster than humans, allowing you to take advantage of short-term market movements and make decisions much faster. Buzzing without a break: While stock markets operate in trading cycles only, crypto markets are open 24/7. In this case, algorithmic bots can monitor and trade the markets continuously, even when you have to sleep or eat. Scalability: Bots are codes, and codes are infinitely scalable. They can accurately match the needs of the trader and adjust strategy to resonate with what they want to achieve with their capital. Bots store historical data: Bots can always... --- ### A Beginner's Guide to Protect Your Artwork from NFT Theft > With the rise of NFTs comes the risk of theft and fraud. So it’s important to know how to protect your artwork. Read this to learn more. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/ways-to-protect-your-artwork-from-nft-theft/ - Categories: Crypto - Tags: NFT, NFT artwork, NFT theft, security Non-Fungible Tokens (NFTs) have become increasingly popular in the art world. Understandably so. After all, it is a way to sell your digital art. Because it ensures that nobody else can claim ownership over it, and you can keep earning royalties each time it is sold. However, with the rise of NFTs comes the risk of theft and fraud. So if you’re choosing this route, knowing how to protect your artwork from NFT theft is important. What are NFTs? Let’s start with a quick recap. Do you remember what NFTs are? They are unique digital assets that live on the blockchain. Blockchain technology ensures that anyone on the chain can verify the NFT’s ownership and authenticity. The value of an NFT is derived from the rarity of the asset it represents. It can represent various digital assets, such as images, videos, and audio files. NFTs have gained popularity in art as a way to sell and collect digital artwork. Ways to protect your artwork from NFT theft As the popularity of NFTs skyrockets in the art world as a way to sell and authenticate digital artwork, the risk of theft becomes more apparent. But there are some ways to protect your artwork from NFT theft. A few are listed below. Using a reputable NFT marketplace: Make sure you use a well-known and reputable NFT marketplace to sell your artwork. Good platforms usually have security measures in place to protect against theft. Keep your private key safe: The private key is... --- ### Spot trading vs. Futures trading in crypto: How are they different? > Spot trading and futures trading are two popular trading methods. This article will explore the difference between them. Read to learn more. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/spot-trading-vs-futures-trading-in-crypto-how-are-they-different/ - Categories: Crypto - Tags: futures trading, spot trading, spot trading vs. futures trading In crypto trading, traders use two popular methods—spot trading and futures trading. Both methods have their characteristics and benefits but they also come with risks. This article will explore the difference between spot trading and futures trading in crypto, how they work, and the pros and cons to help you make an informed decision. Introduction to spot trading and futures trading in crypto Spot trading is a type of trading where traders buy or sell cryptos at the current market price. On the other hand, futures trading is where traders buy or sell contracts that promise to deliver a specific amount of crypto at a predetermined future date and price. The selection depends on the individual trader's preferences and goals. Understanding the basics and the purpose of both trading methods Spot trading is primarily used for short-term trades, where traders aim to profit from the fluctuations in the current market price of cryptos. On the other hand, futures trading is used for longer-term trades, where traders aim to profit from cryptos’ predicted future price movements. Futures trading allows traders to take advantage of price movements without holding the actual crypto, which can benefit those who do not want to own the underlying asset. Spot trading in crypto Spot trading in crypto is pretty straightforward. It involves buying or selling cryptos at the current market price. Spot trading allows traders to enter and exit trades quickly and easily, making it a popular choice for short-term traders. Spot trading is also relatively... --- ### Understanding Google Metaverse: Definition and Mechanism > The Google Metaverse is essentially Project Starline, a video chat booth that Google is working on. Read this to learn about it. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/google-metaverse-everything-you-need-to-know/ - Categories: Crypto - Tags: Google Metaverse, metaverse, project starline The metaverse has been taking the tech world by storm, and for a good reason. As tech giants—Google, Apple, and Meta—try to capture the new and emerging markets associated with this technology, it becomes clearer by the day that there is no turning back. Primarily known for its search engine, Google’s parent company Alphabet has launched a few projects in relation to the metaverse. So we HAD to come up with this guide to cover everything you need to know about the Google Metaverse. What is the Google metaverse? What some people are calling the Google Metaverse is essentially Project Starline. Project Starline is a video chat booth that Google is reportedly working on. Although details are scarce, it is expected to offer a more immersive experience than current platforms. Google’s previous Virtual Reality (VR) and Augmented Reality (AR) ventures may inform its approach to the Google Metaverse. Most recently, Google acquired Raxium, AR/VR hardware solutions. Before this, Google created many VR and AR products, such as Google Glass. Definition and an overview Before we delve into Google’s metaverse project, it may help to know what metaverse technology is. The metaverse is essentially a virtual space that users can access to engage with one another and share experiences. Because it is in the digital realm, it is accessible from anywhere across the globe. It relies on AR and VR gadgets, like the ones Google has been creating. The Google metaverse project, Starline, is likely to offer a similar experience. Users... --- ### How do crypto vaults work? > Crypto vaults are basically to store crypto, just like you would other assets in traditional banks. Learn more about them on this blog. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/how-do-crypto-vaults-work/ - Categories: Crypto - Tags: crypto storage, crypto vaults, Vault vs. Cold wallet Vaults are generally used to store stuff, right? So you have the right idea of what a crypto vault might be. But how do they work? Stick around to find out. What are crypto vaults? Since we’ve already asked, “what is a vault? ” this shouldn’t take time. Vaults are enclosed, secure places where you store things. So crypto vaults are where you put away crypto, just like crypto wallets. Crypto vaults, however, come with an added layer of security. They may have a transaction approval procedure that prevents instant withdrawals. Or they could ask for multiple co-signers. When compared to standard crypto wallets, vaults are far more secure. How to use a crypto vault You may either give the sender the one-of-a-kind address associated with your vault. Alternatively, you could move the crypto straight into the vault from your wallet. However, retrieving assets from a vault is more complicated. It is, in fact, deliberately designed to be that way. First, you will have to submit a withdrawal request. Then, your primary and secondary email addresses will each receive a confirmation email. Only after the authorization is complete will the transaction go through. Withdrawals are usually put off for a period of 48 hours after the vault receives permission. As a vault owner, this gives you an extra security “firebreak. ” During this time, you may reject the request if you wish to. Pros and cons of crypto vaults As with all good things, crypto vaults also have a few... --- ### How to report cryptocurrency gains and losses in income tax returns > With the new tax on crypto, you need to know how to calculate crypto gains or losses in income tax returns. Read this to learn about it. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/how-to-report-cryptocurrency-gains-and-losses-in-income-tax-returns/ - Categories: Crypto - Tags: cryptocurrency gains and losses, income tax returns Taxation, broker, and exchange fees will likely eat into your portfolio if not calculated well ahead of a transaction. So you should think about what you could do to save your hard-earned money. Estimating the gains and losses is a wise step. But calculating gains or losses arising during the crypto trade may seem like a tall task. This is why we’re here to share how you can determine your crypto gains and losses in income tax returns. How to report crypto gains and losses in income tax returns Many novice investors are confused about whether they need to pay taxes. As of 2023, investors in India trading in cryptos or NFTs and even BTC will have to maintain the transparency of their holdings. As of the time of writing, the law clearly stipulates a flat tax of 30% on gains made throughout the year. This means that if one’s gains amounted to ₹10,000 in an assessment year, the tax outgo is 30%—that’s ₹3,000 in this example. However, remember the tax only applies to gains from actual trades—not holdings in your wallet. And an investor cannot offset the gains from one crypto against the other while filing income tax returns. Ways to report taxes on cryptocurrency Reporting gains and losses arising from trading in crypto assets in India typically involves three simple steps. Determine the holding period and type of transaction, mentioning the holding period and the type of transaction—that is, sale, exchange, or transfer. Next, calculate the gain or... --- ### Introduction to blockchain technology and data privacy > Blockchains support data privacy in various ways. Here's the lowdown on how exactly it does this and what its future holds. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/how-does-blockchain-technology-support-data-privacy/ - Categories: Crypto - Tags: blockchain, crypto, data privacy One of the reasons people opt for crypto is because the underlying technology—blockchain technology—supports data privacy. And it does this in many ways. In this article, we take stock of each of those various ways to help you better understand crypto's pros. Explained Blockchain Technology and Data Privacy Data privacy was a key area of focus for the creators of blockchain technology. They wanted to create a way to record and maintain data without the help of centralized authorities like banks. That’s why they created a type of distributed ledger—a blockchain. Overview of blockchain technology Blockchain technology creates a chain of distributed ledgers called blockchains. These are digital ledgers that help record and maintain a database. The data is shared among a network of computers, where each computer has a copy of the record. So any changes to the record reflect in all of the other copies too. Blockchain technology is beneficial in crypto. All transactions on the blockchain—including crypto ones—are recorded through encryption and stored in a block. Each block is then added to a chain of blocks creating a chainlike sequential record. This record—the blockchain—is immutable and transparent. But it is nevertheless valuable because it ensures data privacy. The importance of data privacy Data privacy is important for blockchains. Because it is what ensures ownership rights and security. When data privacy is compromised, the blockchain’s reputation and trustworthiness are at stake. That’s why developers are constantly striving to create privacy-enhancing technologies. Zero-knowledge proofs and homomorphic encryption are some... --- ### The difference between buying and selling on a crypto exchange > Learn about the difference between Buying and Selling with the blog. Buying is an acquisition in exchange for money. Selling is the opposite. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/the-difference-between-buying-and-selling-on-a-crypto-exchange/ - Categories: Crypto - Tags: crypto buying, selling crypto, trading Most people might be able to tell the difference between buying and selling intuitively. But there are several nuanced differences between buying and selling on a crypto exchange. In fact, a hefty portion of the exchange’s commissions depends on these differences. Read on to find out. What is buying cryptocurrency? Buying cryptocurrency at an exchange is the act of exchanging your fiat currency for your choice of crypto coin. For example, if you exchange ₹100 for Bitcoin, you’re buying crypto. Now you do have a few options when buying crypto. You could, for instance, choose to buy it at the market price and get your order immediately. This way, you don’t have to wait for your crypto but you take the price that the market offers, no questions asked. In this case, you would be the market taker because you “took” the price the market gave you. But if you have some time on your hands and don’t necessarily want the crypto immediately, you could get a better price by placing an order. This type of order is known as a Limit Order. With a limit order, you put your fiat into the exchange’s order book, and if the price ever reaches your target, your order will go through. When it does, sellers willing to pay the price will take your order forward. In this scenario, you’re the market maker. Exchanges always prefer more liquidity to less. So they will encourage market makers like you to place more and more... --- ### The three different types of cryptocurrency exchanges: CEXs, DEXs, and hybrid exchanges > There are three main types of crypto exchanges–CEX, DEXs, and hybrid exchanges. Read this article to learn all about them. - Published: 2023-07-19 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/three-types-of-cryptocurrency-exchanges/ - Categories: Crypto - Tags: crypto, exchanges While there are a mind-boggling number of crypto exchanges, they mainly are of only three types—CEXs, DEXs, and Hybrid Exchanges. So which one should you choose? Is any one of them safer than the others, and if so, what are the trade-offs? If you’re looking for a simple guide that will help you answer some of these questions, read on. What is cryptocurrency? A cryptocurrency is a type of digital asset that runs on a decentralized network—such as a blockchain. Unlike fiat currencies and many assets in the real world, these assets do not have the backing of a centralized agency. And the transactions are not conducted via one. Instead, a network of computer users supports and manages the creation and circulation of these assets. So while they are like your upcoming digital rupee, they are surely not the same thing. What are exchanges? An exchange, of course, is a platform where buyers and sellers exchange things of value. Users of crypto exchanges buy crypto on them, deposit them in wallets, or trade them with other users. Types of crypto exchanges There are basically three types of crypto exchanges—Centralized Exchanges (CEXs), Decentralized Exchanges (DEXs), and Hybrid Exchanges (HEXs). Centralized Exchange (CEX) A centralized crypto exchange—abbreviated as CEX—is one such platform. The exchange is usually run on a centralized server, hence the name. It works by matching buyers and sellers, thus facilitating the transaction. In exchange, CEXs charge a fee for each trade. CEXs offer a user-friendly and familiar trading interface.... --- ### Tax on crypto transactions: An explainer > Find out how the Union Budget 2023-24 by the Indian government taxes your Bitcoin and other cryptocurrencies. - Published: 2023-07-19 - Modified: 2024-10-30 - URL: https://coinswitch.co/switch/crypto/tax-on-crypto-transactions/ - Categories: Crypto, Explainers - Tags: crypto, policy, tax Some saw the tax on Virtual Digital Assets (VDAs) announced in the 2022–23 Budget as the first step toward crypto regulation. And Budget 2023–24 continued with the same taxation scheme. Yet, as things stand today, crypto assets are still unregulated in India. Read on to understand the nuances of it all. Crypto is an asset, not a currency The term “cryptocurrency” is often used interchangeably with the term “crypto asset. ” As a result, many end up confusing the two terms and thinking of crypto as a currency. But a close look at the characteristics of cryptos and currencies would help us see how very different they are. An asset is an item that is widely regarded as having value. A person or company usually owns an asset. It can be used to meet debts, commitments, or legacies. In that sense, crypto is an asset. It offers investors the opportunity to diversify their portfolios. On the other hand, “currency” refers to legal tender issued and controlled by the government. It is generally accepted for the purchase of goods and services. In India, crypto is classified as an asset. And the Advertising Standards Council of India has prohibited any reference to crypto as a "security" or a "currency. " Tax on crypto in India: Budget 2023 Capital assets come under the purview of capital gains. And cryptos fall in the capital assets category because section 115BBH of the Income Tax Act, 1961 stipulates that all VDA purchases are subject to government... --- ### Filecoin vs. IPFS: Similarities and The Differences Between Them > Filecoin and IPFS are two decentralized storage systems developed by Protocol Labs. Read this to learn about how they differ. - Published: 2023-07-19 - Modified: 2023-08-22 - URL: https://coinswitch.co/switch/crypto/filecoin-vs-ipfs-the-similarities-and-the-differences-between-them/ - Categories: Crypto - Tags: decentralized storage, filecoin, ipfs For those looking for a simple explanation, Filecoin is to computer users what Airbnb is for homeowners. Like you rent your home with Airbnb, with Filecoin, you rent out your computer’s hard drive space because Filecoin is a decentralized storage network. It allows network users to rent out unused storage space in exchange for crypto assets. But isn’t that like what IPFS does? Yes, so let’s take stock of the similarities and differences between Filecoin and IPFS. Introduction to Filecoin and IPFS Filecoin and Inter Planetary File System (IPFS) are more popular decentralized storage systems. While both have been developed by Protocol Labs and are complementary, they serve different purposes. They also have unique features that distinguish them from each other. While IPFS is similar to torrents work, Filecoin incentivizes users to provide storage space and bandwidth. And Filecoin is built on top of the IPFS protocol. Understanding the working of Filecoin and IPFS IPFS is designed to provide a way to store and access files in a distributed manner without relying on centralized servers or services. IPFS breaks files into smaller pieces and stores them across a network of nodes. However, the storage is not permanent. So it has to rely on pinning services. But that makes IPFS not fully stable or reliable. Filecoin, on the other hand, ensures that stored files are always available because it relies on blockchain technology. One of its key benefits is that it provides a market-based approach to storage. This means that storage... --- ### Understanding Crypto TDS: A Comprehensive Tax Compliance Guide > In India, crypto TDS was implemented on 1 July 2022. It served as a primer on how cryptocurrencies are to be taxed. Read on learn about taxes on crypto. - Published: 2023-07-19 - Modified: 2023-07-19 - URL: https://coinswitch.co/switch/crypto/what-is-tds-on-crypto/ - Categories: Crypto - Tags: crypto tds, tds We all know about the annual tax filing routine, but one kind of taxation is not discussed as often as it ought to be—Tax Deducted at Source or TDS, a type of advance tax. It is important to be very clear about your tax liabilities before you make any financial commitments. So if you have even the smallest doubt about what TDS is, how it applies to crypto investments (as per the Finance Act, 2022), or how it is calculated, it may be a good idea to read this article. What is TDS? Unlike the taxes we file at the end of every year, Tax Deducted at Source or TDS is a tax filed in advance. Any payment made or received under the Income Tax Act of 1961 during a financial year will attract TDS. TDS may be applied to salaries, rents, commissions, interest earned, dividends, professional fees, and other income-generating sources. The employer/payer is tasked with deducting the amount taxable under TDS and depositing it with the Income Tax (IT) department. But why do we need TDS when yearly ITR filings exist? Here’s why: TDS isn’t simply a tax form. It is the government’s way of tracing every official payment to minimize year-end tax evasions. Simply put, TDS is a way of establishing a money trail. TDS rates usually vary, depending on the income and age bracket. And as TDS is charged in advance, you can always adjust it with your yearly tax liability. You might get a tax... --- ### What is the minimum time you have to hold on to a mutual fund? > It is essential to know about the minimum holding time for mutual funds. How long will you have to wait to exit? Read on to find out. - Published: 2023-07-19 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-minimum-holding-time-for-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: lock in period, minimum time to hold, mutual fund They say time is money. That’s especially true with mutual funds. Mutual fund managers pool money from various investors and spread it across stocks from different sectors and in debentures, government bonds, and fixed-income securities. This diversification helps ensure the safety of the capital to some extent. That’s great, but is there a minimum holding time for a mutual fund? How long should you hold for it to be most profitable? If these are some of the questions on your mind, read on. Holding period for mutual funds What happens if you invest in a mutual fund but then need to exit suddenly? How long will you have to wait before you exit? Read on to find out. Minimum and maximum time requirement The minimum holding time requirement applicable to mutual funds is one day. This is because the fund determines the applicable purchase price of the fund’s units/shares on a daily basis. The price depends on the Net Asset Value (NAV) of the fund as of the purchase date. And to calculate the NAV, the market value of the portfolio is divided by the number of units/shares issued. As for the maximum period, it depends on the type of fund. There are two types of mutual funds—open-ended and closed-ended. Open-ended mutual funds do not have a fixed maturity period. You can invest in it for as long as you want. Such mutual funds can only close if all the shareholders agree to do so. Closed-ended mutual funds have a... --- ### Decoding GST: A comprehensive guide to India’s game-changing tax reform!  - Published: 2023-07-18 - Modified: 2023-07-18 - URL: https://coinswitch.co/switch/personal-finance/decoding-gst-a-comprehensive-guide-to-indias-game-changing-tax-reform/ - Categories: Personal Finance The Goods and Services Tax (GST) has undoubtedly been one of the most significant tax reforms in Indian history. It has revolutionized the way taxes are both levied and collected. A comprehensive indirect tax, GST has simplified the tax structure and introduced uniformity in taxation across the country. In this comprehensive guide, we will decode all things GST. Understanding GST GST is a taxation system that subsumes various indirect taxes, including central and state taxes. It is a destination-based consumption tax levied on the supply of goods and services. GST aims to streamline tax administration, eliminate cascading taxation, and create a single market for goods and services across India. Key components of GST The umbrella of GST includes a variety of taxes. These components of GST are the subject of the discussion below. 1. Central GST (CGST) CGST is the GST component that the central government levies on intra-state supply of goods and services. The revenues in this tax goes to the central government. It replaces taxes such as central excise duty, service tax, and additional customs duties. The revenues from this tax go to the central government. 2. State GST (SGST) SGST is the component of GST that state governments levy on the intra-state supply of goods and services. The revenues generated from this tax are naturally collected by the state concerned. It replaces the Value Added Tax (VAT), sales tax, and entry tax. 3. Integrated GST (IGST) IGST is the component of GST that applies to inter-state supplies... --- ### Demystifying Banglarbhumi: Your complete guide to West Bengal’s land records and property information system!  - Published: 2023-07-18 - Modified: 2023-07-18 - URL: https://coinswitch.co/switch/personal-finance/demystifying-banglarbhumi-your-complete-guide-to-west-bengals-land-records-and-property-information-system/ - Categories: Personal Finance West Bengal’s Banglarbhumi system is a groundbreaking initiative. It transforms the way land records and property information are managed and accessed. This short guide will help you understand it better and delve into its features and benefits. Understanding Banglarbhumi Banglarbhumi is an online portal that provides a comprehensive platform for land records, property-related services, and information in West Bengal. It aims to digitize and centralize land-related information, making such data more easily accessible. The portal was developed by the Government of West Bengal. It is open to citizens, landowners, and government officials. Key features and benefits of Banglarbhumi The Banglarbhumi portal and land record system has several interesting features and benefits. Here, as we discuss the feature, we hope to highlight the advantages as well. 1. Online land records Banglarbhumi offers online access to land records. The information available includes ownership data, survey records, and other related details. Anyone can search for land records using various criteria. So all users have quick and convenient access. 2. Digitized maps The portal provides digitized maps and cadastral survey data. That means users can view land boundaries, plot numbers, and other geographical details. The digitization of maps also ensures accurate and reliable representation of land parcels, thus supporting better planning and decision making. 3. Mutation and conversion Banglarbhumi facilitates online mutation and conversion processes. With it, landowners can update their records in a transparent and streamlined manner. Specifically speaking, users can apply for mutations, track the status of applications, and receive notifications through... --- ### Mastering the eWay bill: Your ultimate guide to streamlining logistics and boosting efficiency! - Published: 2023-07-18 - Modified: 2023-07-18 - URL: https://coinswitch.co/switch/personal-finance/mastering-the-eway-bill-your-ultimate-guide-to-streamlining-logistics-and-boosting-efficiency/ - Categories: Personal Finance Managing the movement of goods can be a complex and time-consuming process. However, with the eWay Bill system, businesses can streamline their operations and enhance efficiency. The eWay Bill is an electronic document that records the movement of goods. In this guide, we will explore the system associated with it, which revolutionized the logistics industry. We examine its benefits and offer insights that can help you master this powerful tool for optimizing logistics processes. Understanding the eWay bill system The eWay bill system is an electronic document generated online to track the movement of goods from one place to another. It is mandatory for inter-state and intra-state transportation of goods worth over ₹50,000 in India. The bill contains details such as the consignment’s origin, destination, value, and transportation details. It is thus essential for regulatory compliance and seamless logistics management. Benefits of the eWay bill system This bill system comes with a host of benefits. In this section, we highlight the main ones. 1. Streamlined logistics The eWay bill system eliminates the need for physical documents. So no more delivery challans and road permits. This helps simplify the logistics process vastly. Such bills also offer a standardized digital method of tracking and documenting the movement of goods. This reduces paperwork and saving time. 2. Enhanced efficiency With the eWay bill system, businesses can experience improved efficiency in their logistics operations. The electronic generation and management of waybills enable real-time tracking, reduced transit times and timely deliveries. Minimizing the chances of... --- ### Aadhaar: Your gateway to seamless services and a connected nation! - Published: 2023-07-18 - Modified: 2023-07-18 - URL: https://coinswitch.co/switch/personal-finance/aadhaar-your-gateway-to-seamless-services-and-a-connected-nation/ - Categories: Personal Finance In a world driven by digital technologies, Aadhaar emerged as a game-changer on the Indian scene. It revolutionizes the way individuals access government and private services in the country. A unique 12-digit identification number, Aadhaar serves as a gateway to a plethora of services. Its contribution toward the building of a connected nation is unmatched. In this blog, we will explore the significance of Aadhaar and how it has transformed the Indian landscape. What is Aadhaar? The word Aadhaar literally means “foundation” in Hindi. In the digital age, the term refers to the biometric identification system set up by the Government of India. The Unique Identification Authority of India (UIDAI), the body behind the system, aims to provide every Indian resident a unique number that serves as proof of identity and address. Aadhaar proves identity by storing an individual’s demographic and biometric information on a card. The biometric information includes fingerprints and iris scans. Seamless services enabled by Aadhaar Aadhaar cards play a vital role in Indian residents being able to access a range of services seamlessly. In this section, let’s take a look at some of these services. 1. Government welfare programs Aadhaar has become an essential component of various government welfare programs. The programs include direct benefit transfers, public distribution systems, as well as subsidies. By linking Aadhaar to these programs, the government eliminates intermediaries and minimizes leakages. This ensures that the benefits reach the intended beneficiaries directly. 2. Financial inclusion Aadhaar plays a significant role in promoting... --- ### Universal Account Number (UAN) passbook and other services - Published: 2023-07-18 - Modified: 2023-07-18 - URL: https://coinswitch.co/switch/personal-finance/universal-account-number-uan-passbook-and-other-services/ - Categories: Personal Finance The Universal Account Number (UAN) has revolutionized the way employees manage their provident fund accounts in India. It is the exclusive identification number every employee contributing to the Employees’ Provident Fund Organization (EPFO) receives. With a UAN, employees gain access to a wide range of services and benefits. In this comprehensive guide, we will delve into the intricacies of getting a UAN passbook while also exploring the various associated services. Through this discussion, we aim to equip you with the knowledge required to manage your Provident Fund (PF) account effectively. Understanding UAN passbook The UAN passbook is as an online statement. It offers a consolidated view of an employee’s provident fund transactions. And it acts as a record of contributions, interest earned, and withdrawals made from the account. Accessible through the EPFO’s member portal, the UAN passbook allows users to conveniently and efficiently track and manage funds. In that sense, it ensures transparency and ease of use. How to access services associated with UAN Your UAN can be used to access a wide range of services online. Here’s where we help you understand how to access them. UAN activation To avail the myriad services associated with UAN, employees must initiate the activation process by visiting the EPFO's member portal. Activation entails providing basic information such as UAN, name, date of birth, and mobile number. Once activated, employees gain access to a multitude of services tailored to enhance their experience. UAN passbook download The UAN passbook empowers employees to track their... --- ### PF for beginners: Getting started with provident funds and long-term investments - Published: 2023-07-06 - Modified: 2023-07-06 - URL: https://coinswitch.co/switch/personal-finance/pf-for-beginners-getting-started-with-provident-funds-and-long-term-investments/ - Categories: Personal Finance Planning for the future is essential, especially when it comes to long-term investments. Because planning is the only way to ensure financial stability. And Provident Funds (PFs) are an investment option that should feature in your financial plans. PFs are popular because they offer a secure and reliable way to save for post-retirement life. This article is a simple guide to help you understand the basics and importance of provident funds. By the end, you will be ready to kickstart your financial journey with greater ease and confidence. What is a provident fund? A provident fund is a government-mandated and managed investment scheme in developing countries. The equivalent of a pension fund, it is designed to help people save for retirement. In this long-term investment vehicle, employees and employers can contribute to the fund over time. A regulatory authority or a designated trust manages the funds. This ensures the security and growth of the investments. Types of provident funds Depending on the country and its specific regulations, there are different types of provident funds. Some common types include: Statutory Provident Fund or General Provident Fund (GPF): This fund is designed for government employees. It was set up in India under the Provident Funds Act of 1925. Temporary government employees can also create a GPF account if they have served continuously for at least one year. A minimum contribution of 6% of the monthly salary is required. Employee Provident Fund (EPF): A scheme that applies to private sector employees. In this... --- ### EPFO Passbook: Building a solid financial foundation for your retirement dreams - Published: 2023-07-06 - Modified: 2023-07-06 - URL: https://coinswitch.co/switch/personal-finance/epfo-passbook-building-a-solid-financial-foundation-for-your-retirement-dreams/ - Categories: Personal Finance Retirement is a significant milestone in one’s life, so it’s important to plan for it well. And Provident Funds (PFs) are one of the most widely used tools that can help do that. The Employees' Provident Fund Organization (EPFO) Passbook helps track PF investments and build a financial foundation for post-retirement dreams. In this article, we will examine the importance of the EPFO Passbook, its characteristics, and how it can empower people. Understanding the EPFO Passbook The EPFO Passbook is an online portal that gives employees real-time access to their PF accounts. It serves as a digital record of contributions toward the EPF scheme—both by the employee and the employer. The passbook displays information such as the PF balance, contribution history, interest earned, and withdrawal data. How to access the EPFO Passbook The EPFO Passbook is accessible and user-friendly. Account holders can view it by visiting the official EPFO website and logging in using their Universal Account Number (UAN) and password. Upon authentication, they can view and download their passbook, keeping track of their PF account anytime and anywhere. Benefits of the EPFO Passbook The EPFO Passbook offers several benefits to employees. Some of them are discussed below. Transparency It provides employees with complete visibility into their PF account details. The passbook thus ensures transparency in contribution and interest calculation processes. Efficient record keeping The passbook serves as a digital record of PF transactions, eliminating the need for manual paperwork. It thus greatly reduces the chances of errors or discrepancies.... --- ### Invest safely in FDs with these five simple steps > A fixed deposit can be a great investment option as it comes with a host of benefits. Read this article for 5 steps to get started. - Published: 2023-06-28 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/invest-safely-in-fds-with-these-five-simple-steps/ - Categories: Fixed Deposit, Personal Finance - Tags: FD, Fixed Deposit, how to invest, investment option Investing in a fixed deposit (FD) is considered a safe and easy investment strategy, especially when you are beginning your personal finance journey. It is common for friends and relatives to recommend investing in an FD when one wins a lottery or gets a fat bonus. Fixed deposits offer a host of benefits such as tax savings, credit score improvement, and even getting a credit card. Moreover, FDs can come in handy during different phases of life such as education, marriage expenses, childbirth, retirement, medical planning, and other exigencies. Fixed deposits are a popular way of investment for tens of thousands of Indians. To share a bit of trivia, the total corpus of fixed deposits in India stood at ₹12 lakh crores as of January 2023. FDs are marketed as a healthy way to grow money and given the huge investment size, it is natural for first-time investors to assume their safety. But FDs have their share of pitfalls. Here are five crucial steps to ensure you don't end up losing your hard-earned money. Step #5: Reason to invest in a fixed deposit To anybody who is just starting out in investment, an FD is clearly the easiest and safest instrument. It is similar to a savings bank account but provides a higher interest rate. To someone who does not have a handle on spending, FDs can be a no-frills approach to saving money. Starting an FD is simple. Anyone can start an FD for a tenure ranging from 7... --- ### NREGA: An inspiring story of progress and Empowerment in rural India > NREGA has transformed the lives of millions by providing guaranteed employment and empowering women. Learn about this life-changing program. - Published: 2023-06-27 - Modified: 2023-07-06 - URL: https://coinswitch.co/switch/personal-finance/nrega-an-inspiring-story-of-progress-and-empowerment-in-rural-india/ - Categories: Personal Finance - Tags: money management, personal finance, wealth management In the vast expanse of rural India, where poverty and unemployment are prevalent, the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) has emerged as a transformative force, bringing hope and prosperity to hundreds of thousands of people. The NREGA scheme, which was launched in 2005, guarantees 100 days of employment per year to rural households. The scheme aims to alleviate poverty, provide social security, and promote sustainable development. This article chronicles NREGA’s success in empowering individuals and fostering progress in rural communities. An overview of NREGA The government of India launched NREGA, a vast public-works program, to combat poverty and unemployment in rural areas. A salient feature of NREGA is that it is a rights-based scheme rather than a mere cash handout from the government. The scheme guarantees every rural household the right to demand employment, ensuring a steady source of income and security of livelihood. The implementation of NREGA has spawned a lot of happy stories that speak volumes about its profound impact on the lives of rural communities. Empowering women through NREGA NREGA has also been instrumental in empowering women by providing them with opportunities for skill development and financial independence. Women have actively participated in various projects such as road construction, water conservation, and afforestation, challenging gender stereotypes and gaining recognition for their contributions. NREGA has given women a platform to voice their opinions, assert their rights, and play a pivotal role in decision-making. Boosting farm productivity A noteworthy achievement of NREGA is its impact on... --- ### PM Kisan Scheme: Lending a helping hand to farmers > The PM Kisan Scheme is here to help farmers in India by providing financial assistance and support. Learn more about this initiative. - Published: 2023-06-27 - Modified: 2023-07-06 - URL: https://coinswitch.co/switch/personal-finance/pm-kisan-scheme-lending-a-helping-hand-to-farmers/ - Categories: Personal Finance - Tags: money management, wealth management Agriculture is the largest source of jobs in the Indian economy, with about 600 million people depending on it for their livelihood. Though the farm sector’s contribution to the country’s GDP has fallen to less than 20% over the years, empowering farmers and safeguarding their financial welfare is crucial. The Pradhan Mantri Kisan Samman Nidhi (PM Kisan) Scheme, launched by the Government of India in 2019, aims to lend a helping hand to small and marginal farmers by providing them with income support. The article discusses the salient features of the scheme, how it benefits farmers, and who is eligible.    Understanding the PM Kisan Scheme The PM Kisan Scheme is a flagship program introduced by the central government in 2019 to provide direct income support to small, landholding farmers in India. Under this scheme fully funded by the government of India, eligible farmers receive a fixed amount of financial assistance directly into their bank accounts. The funds are meant to supplement farmers’ income to enable them to buy farm inputs such as seeds and fertilizers. Direct income support for farmers The PM Kisan Scheme offers direct income support to farmers in the form of cash transfers. Eligible farmers receive financial assistance of ₹6,000 ($85) per year in three equal installments. The funds are transferred directly to the farmers' registered bank accounts, ensuring transparency and eliminating intermediaries. Eligibility criteria  To be eligible for the PM Kisan Scheme, farmers must fulfill certain criteria, including: Ownership of cultivable land Cultivation of agricultural... --- ### How EPF can boost your retirement savings? > Discover how EPF can help you secure a comfortable retirement. Don't miss out on this opportunity to plan for a better future. Read more now. - Published: 2023-06-23 - Modified: 2023-07-06 - URL: https://coinswitch.co/switch/personal-finance/how-epf-can-boost-your-retirement-savings/ - Categories: Personal Finance - Tags: money management, personal finance, wealth management Do you work in the organized sector? Are you concerned about your retirement savings? Then look no further than the government-run Employees' Provident Fund Organization (EPFO), which provides services such as provident fund, pension, and insurance to its members. For perspective, this is India’s version of the 401 (k) plan offered by American employers. In a country where social security as a concept is still in its infancy, EPF plugs the gap of a stable, risk-free retirement fund. Read on as we lift the lid on some of the lesser-known features offered by the EPFO. Understanding EPFO EPFO is an organization established by the government of India under the Ministry of Labour and Employment, operating as a statutory body. It manages the Employees' Provident Fund (EPF), a social security scheme that aims to provide employees with financial stability and retirement benefits. EPFO is responsible for the administration of the EPF, Employee's Pension Scheme (EPS), and a little-known insurance scheme for serving employees. The magic of compound interest Many of us are familiar with the concept of compound interest, which is nothing but interest earned on interest. EPF contributions, made by both employees and employers, accumulate over time and earn compound interest. Being a retirement fund, the provident fund accumulation of an employee increases substantially over the course of the employment. The power of compounding works wonders on this corpus over the years, handing out a substantial retirement fund for the employee.   Employee contribution to provident fund Employee Provident Fund,... --- ### Ethereum’s roadmap to mass adoption: How the Dencun upgrade helps in the transition  (Updated) > Ethereum and its upgrades, including the Shanghai upgrade, play an essential role in its development. Read this to learn about them. - Published: 2023-04-12 - Modified: 2024-04-22 - URL: https://coinswitch.co/switch/crypto/a-history-of-ethereum-upgrades-everything-leading-to-the-shanghai-upgrade/ - Categories: Crypto - Tags: crypto, EIPs, ERCs, ethereum, shanghai upgrade Since its founding in 2015, the Ethereum blockchain has constantly implemented several upgrades to improve the protocol and prepare the network for future challenges. These innovations are brought in through Ethereum Improvement Proposals (EIPs) suggested by Ethereum developers and researchers worldwide and executed after much deliberation by the Ethereum community.   But what are Ethereum's challenges? Well, slow transaction speeds and high fees during congestion times rank high on the list. Ethereum addresses these challenges one by one, as we have seen with the Merge, the Shanghai Upgrade, and the newest kid on the block, the Dencun upgrade that went live on March 13, 2024. This blog post focuses on some of those upgrades and puts things in perspective to better understand them.     Ethereum has put a plan in place to get things in order—the so-called Ethereum roadmap. However, before we analyze the Ethereum upgrades—-past, present, and proposed—let’s remember that upgrades or forks are essentially code updates. A code update is what goes behind an upgrade, of which there are two main types—hard forks and soft forks. Read on. Hard forks When changes are drastic, the blockchain network may split, resulting in two blockchain networks. This type of upgrade is known as a hard fork. When hard forks occur, the community divides into two—one supporting the pre-split version of the chain and the other the new version. Some hard forks are intentional, while some are contentious. The latter often leads to a market shake-up. The Bitcoin Cash hard fork... --- ### The pros and cons of FCNR Fixed Deposit > FCNR deposit, short for Foreign Currency Non-Resident deposit, allows non-resident Indians to maintain a fixed deposit in India. - Published: 2023-04-06 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/the-pros-and-cons-of-fcnr-fixed-deposit/ - Categories: Fixed Deposit, Personal Finance - Tags: FCNR fixed deposit FCNR deposit, short for Foreign Currency Non-Resident deposit, allows non-resident Indians to maintain a fixed deposit in India. FCNR account is risk-free, and interest on deposits is tax-free. These accounts offer competitive interest rates. FCNR accounts in India earn higher interest rates than those in any other country. You need to visit your bank to open an FCNR account, although you can also do it remotely. However, consider the pros and cons of opening an FCNR account before deciding. Let’s discuss and learn more about the FCNR deposit. What is FCNR Fixed Deposit? FCNR deposits, one of the most secure forms of investing, are a popular investment avenue for NRIs to park their money earned overseas. FCNR deposits help NRIs earn higher rates on their savings while maintaining access to their funds in the foreign currency of their choice. Many Indian banks provide the facility to open an FCNR deposit account. Features of FCNR Fixed Deposits Here are some of the salient features of FCNR deposits. Tenure It is a term deposit with a minimum duration of one year and a maximum tenure of five years. Interest rates The interest you earn on your FCNR deposit accounts is exempt from taxation in India, meaning you do not have to pay tax on the money you make. The annual percentage yield, or interest rate, is fixed for the tenure of the deposit. A compound FCNR deposit interest rate is applied to the balance every six months. Option to open an account... --- ### FDs and Unit-Linked Insurance Plans (ULIP): Which is better?  > While fixed deposits provide guaranteed investment returns, ULIPs offer the dual advantage of a market-linked investment and a life cover. - Published: 2023-04-05 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fds-and-unit-linked-insurance-plans-which-is-better/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, ULIPs Fixed deposits are popular among savers, thanks to higher interest rates than savings accounts. However, investors always seek instruments that provide higher returns, like ULIP or Unit Linked Insurance Plans. A ULIP is an insurance plan that doubles as an investment opportunity and includes life insurance coverage. Let's differentiate between ULIPs and fixed deposits to understand the products better. Which is better for investment: FDs vs. Unit-Linked Insurance Plans (ULIP) There are several benefits of ULIPs, which are more flexible than traditional FDs. The advantages of ULIPs over fixed deposits are as follows: ●Earnings from FDs are subject to income tax. In ULIP, you may qualify for tax deductions on the premiums you pay and the amount you receive at maturity. ●Inflation may erode returns from FDs. When bond rates rise, ULIPs, particularly those that invest in debt, stand to gain financially. ● FDs don’t come with life insurance coverage. Besides tax advantages, capital gains, and life insurance, ULIPs are a great way to build your nest egg. ● FDs are not flexible. When you put money into a fixed deposit (FD), it stays there until the FD matures or you withdraw it. In ULIPs, depending on the state of the market, you can switch your funds between equity and debt completely tax-free. ● Interest in FDs is guaranteed. In ULIPs, profitability varies with the state of the market. What is a fixed deposit? What is a fixed deposit? Banks and financial institutions offer fixed deposits, where investors deposit a... --- ### How to open an FD account: A step-by-step guide > Establishing an FD account is a straightforward procedure. Here’s a guided tour on how to open a fixed deposit. - Published: 2023-04-04 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-open-an-fd-account-a-step-by-step-guide/ - Categories: Fixed Deposit, Personal Finance - Tags: fd account Banks and other financial institutions frequently offer fixed deposit schemes for investors. What is an FD account? It is a term deposit where you can make a lump sum investment for a specific tenure and get a predetermined interest rate. Establishing an FD account is a straightforward procedure you can do offline or online. Here’s a guided tour to open a fixed deposit. What is a fixed deposit? Fixed deposits that guarantee a fixed interest rate for a specified period are popular investment instruments for risk-averse investors. The set maturity date of FD accounts makes them a reliable investment choice because you must pay the penalty before removing the money before that day. FD schemes, which provide more excellent interest rates than savings accounts, can be a dependable source of income for people looking to save money for a specific purpose or long-term financial planning. A step-by-step guide on how to open an FD account Opening an FD account is easy; you can opt for the method that saves you time. We discuss various modes of opening FDs. Open an FD account by visiting a bank Before making a deposit, you must understand how to open a fixed deposit account. Fill out the account opening form at the bank with all required information, such as the desired account type, FD duration, and investment amount. Submit the completed form with the necessary paperwork, including your PAN card, address verification, and proof of identification. You can deposit the money into your FD... --- ### How to choose the right FD for your investment needs > Choosing the best fixed deposit plans is not easy as there are many schemes available. Look out for interest rates, tenure, and liquidity. - Published: 2023-04-04 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-choose-the-right-fd-for-your-investment-needs/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits Fixed deposits (FDs), which give a fixed rate of return on your investment for a certain period, are popular investment avenues in India. Selecting the appropriate FD plan is crucial to ensure you receive the maximum returns on your investment. Choosing the best fixed deposit plans is difficult, as many schemes are available in the market. Before zeroing in on a scheme, one must consider factors such as interest rates, tenure, liquidity, and tax treatment. Fixed deposits (FDs) explained A fixed deposit (FD) is a financial product banks and financial institutions offer. You can deposit a large sum of cash for a certain period and earn interest at a fixed rate. Risk-averse individuals often choose FDs since the interest rates are typically higher than those on savings accounts. FD terms range from a few months to a few years, and the interest rate is set for the whole period. Moreover, several FD types exist, including tax-saving, cumulative, and non-cumulative schemes. The interest rate, term, and penalties for early withdrawal should all be considered when selecting the best fixed deposit plans. Factors to consider while making an investment in FD Fixed deposit accounts are popular with individual investors who prefer consistent, risk-free returns. Although investing in FDs may seem a no-brainer, certain things should be evident before you invest in some of the best-fixed deposit plans. Short-term vs. long-term investment goals The time frames of short-term and long-term investments differ. Short-term goals typically relate to investments that mature in one to... --- ### FDs and market fluctuations: How to stay safe during volatile times > Though FD is a relatively safe investment, it would make sense for investors to keep track of market volatility to identify underlying trends. - Published: 2023-04-04 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fds-and-market-fluctuations-how-to-stay-safe-during-volatile-times/ - Categories: Fixed Deposit, Personal Finance - Tags: FDs, market fluctuations Market volatility refers to frequent fluctuations in the prices of instruments, such as stocks, which affect the value of investments. Fixed deposits (FDs) are a popular investment choice for risk-averse people since they provide a fixed rate of return unaffected by market volatility. However, investors must consider how taxes and inflation affect their FD returns. Investors should diversify their portfolios, keep an eye on market trends, and choose reputed financial institutions to be secure during uncertain times. Long-term investment planning can help investors maintain stability amid market volatility and survive short-term fluctuations. Understanding market volatility A market is said to be volatile if asset prices or values fluctuate frequently and abruptly, up or down. Economic policies, political events, global crises, or rumors can lead to market volatility. Investors must understand market volatility to judge when to buy, sell, or keep their investments. If they understand market volatility, intelligent investors can take advantage of a volatile market to reap higher long-term returns. You can calculate market volatility by calculating the standard deviation of price fluctuations over time. You may determine how much something deviates from the average value using the statistical idea of a standard deviation. Strategies for investing in FDs during market fluctuations Investors may experience anxiety and uncertainty due to market fluctuations, but fixed deposits provide an excellent option to protect your money. The low-risk investments offer steady returns, making them a desirable choice in a volatile market. It's essential to have a viable investment plan in place to... --- ### Shapella upgrade: Is it the same as the Shanghai upgrade, and how will it change things? > What is the Shapella ugrade? Is it the same as the Shanghai Upgrade? And how will it affect Ethereum? Read this to find all the answers. - Published: 2023-03-29 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/shapella-upgrade-and-how-it-changes-things/ - Categories: Crypto - Tags: capella, ETH, shanghai, shapella, upgrade Ethereum’s stakers have had a long wait. They haven’t been able to withdraw their ETH staked on the network for months. But all that changes soon with the Shapella upgrade formerly the Shanghai upgrade. The last upgrade—the Merge—took place in September 2022. It introduced the staking mechanism on the Ethereum network. That was huge, but so is Shapella. This time, too, there are a lot of expectations riding on the upgrade. For Ethereum developers and the community, Shapella is the last key piece in Ethereum’s journey to becoming a fully functional Proof-of-Stake (PoS) blockchain. After this, the developers can focus on other changes, including its longstanding scaling woes. So, what exactly does this upgrade entail, and how will it affect ETH prices? Let’s talk about that. When is the Shapella upgrade scheduled to take place? Ethereum developers announced in a meeting on 1 March 2023 that Shapella would run on the Goerli testnet in two weeks (on 14 March). Thankfully, that went to plan largely. So now, here we are, with the last upgrade on the mainnet (Beacon Chain) due on 12 April 2023. But to understand this upgrade better, one must understand how the Merge prefaced it. The Merge and the run-up to the Shapella (Shanghai + Capella) upgrade To start with, remember that Ethereum initially ran on a Proof-of-Work (PoW) mechanism. That means it was the kind of network that had miners validating ETH transactions through a power-guzzling process. The limitations of such blockchains, including reduced scalability, have... --- ### Crypto hot wallet vs. cold wallet: An explainer > Learn the difference between crypto hot wallet vs. cold wallet. Which wallet type is suitable for you to store your crypto? - Published: 2023-03-28 - Modified: 2023-07-13 - URL: https://coinswitch.co/switch/crypto/crypto-hot-wallet-vs-cold-wallet-an-explainer/ - Categories: Crypto - Tags: cold wallet, crypto, hot wallet You can carry around a ₹500 note in your shirt pocket. If you have a large amount of cash, you can deposit it in a bank for absolute safety. However, you need a different kind of storage for cryptos and NFTs, as they exist only digitally. You can store these digital assets in crypto wallets—the equivalent of a traditional bank. And crypto wallets come in all shapes and sizes: the most commonly used ones are hot and cold wallets. Hot wallet vs. cold wallet, which is the better option? Let’s dig in. What is a crypto hot wallet? Hot wallets or software wallets are desktop or mobile applications that can be downloaded and installed. Some popular hot wallets are WalletConnect, MetaMask, and Trust Wallet. You can store your crypto in a hot wallet available via the internet. Since the wallet is always linked to the internet, software wallets are often handier and easier to access than hardware wallets. Whenever you want to conduct a transaction, your wallet will facilitate dealings between the owner and the buyer. In simple terms, a program will store all your private keys. Traders can employ this wallet type to ensure the safe storage of their holdings. Further, they offer the convenience of easy transactions across a crypto-economic system. What is a crypto cold wallet? Just as a hot wallet ensures the storage of all the private keys to your crypto, a cold wallet or hardware wallet serves the same purpose. However, unlike your hot crypto... --- ### Fixed deposit accounts for senior citizens: Special features and benefits > Fixed deposits for senior citizens offer great and guaranteed returns. Learn all about this attractive investment here. - Published: 2023-03-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fixed-deposits-for-senior-citizens/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit, senior citizens One of the investments that suit most people is a Fixed Deposit or an FD. This has to do with the fact that FDs are safer than many other options, as they come with guaranteed returns. Senior citizens, in particular, love investing in them. And why not? After all, fixed deposits for senior citizens come with many special features and benefits that make them attractive. Introduction to fixed deposits for senior citizens Every bank offers fixed deposits (FDs) for senior citizens. These accounts come with some attractive features. One of them is that the FD interest rates for senior citizens are usually higher. That said, the interest rates vary from one bank to the other. As with all FDs, the variation is often due to many factors, such as tenure and deposit amount. Features of fixed deposit schemes for senior citizens Across banks, fixed deposits for senior citizens offer many interesting features. In this section, we highlight some of them. Guaranteed returns The FD interest rates for senior citizens are usually higher. Moreover, the returns are guaranteed, irrespective of the market scenario or inflation. Safe and secure investment In our country, the Reserve Bank of India, RBI regulates all banks. This ensures the hard-earned money of senior citizens remains safe. Periodic interest payout option It is possible to select the frequency of the interest payout. One can opt for monthly, quarterly, or yearly payments. Online booking via net banking Senior citizens can choose an online account opening process. This helps... --- ### Understanding the benefits of tax-saver fixed deposit > FDs are an attractive investment option for individuals, providing guaranteed returns. Learn more about tax saver fixed deposit. - Published: 2023-03-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/understanding-the-benefits-of-tax-saver-fixed-deposit/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, tax-saver FD We have seen how FDs can help you grow wealth over time. However, a tax-saver fixed deposit is an investment where an individual can invest a certain amount of money for a specific period, usually five years. The tax benefit makes it an attractive investment option for individuals who want to save on taxes. Besides, tax-saver FDs are low-risk investments, providing guaranteed returns and ensuring the safety of the invested amount. Let’s understand the features of this investment vehicle popular with retail investors. What is a tax-saving FD? A tax-saver FD is a fixed deposit scheme that provides tax benefits to investors. These FDs come with a lock-in period of 5 years and offer a tax deduction of up to ₹1. 5 lakhs under Section 80C of the Income Tax Act. The interest rate offered on these FDs is similar to regular fixed deposits but can vary depending on the financial institution. Investors can invest in tax-saving FDs offered by banks or post offices. It is a safe investment option for those looking to save on taxes while earning guaranteed returns. Features of tax-saving FDs Tax-saver FDs are a popular investment option that provides tax benefits to investors. The main feature is the tax deduction benefit. They have a lock-in of five years. FDs provide an interest rate of 5. 5% to 7. 75% (as of March 2023). Interest earned is taxable. This type of FD allows only a one-time lump sum deposit. FDs provide a higher interest rate compared... --- ### Will investing in Bajaj Finance FD grow your money? > Bajaj Finance FD offers interest rates ranging from 7.11% to 8.20%, with a minimum deposit of ₹15,000. Learn more - Published: 2023-03-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/will-investing-in-bajaj-finance-fd-grow-your-money/ - Categories: Fixed Deposit, Personal Finance - Tags: bajaj finance, Fixed Deposit About Bajaj Finance FD In a nation obsessed with savings, FD interest rates are much talked about, with investors eager to eke out that extra percentage interest to grow their money. Bajaj Finance Ltd, a subsidiary of Bajaj Finserv, is a respected non-banking financial company with good credit ratings. The NBFC currently offers interest rates of 7. 11% to 8. 20% for a tenure ranging from 1-5 years with a minimum deposit of ₹15,000 (Information as of March 2023). Please refer to the website for more details. Here's a guide to how you can invest in Bajaj Finance FD Steps explained Here’s a simple guide on investing in an FD online with Bajaj Finance. Your first task is to find the official website. Then, you should tap on the Fixed Deposit option under investments. After that, hit the 'Invest Now' button. You must fill out the online application form, which needs minimal information. You must give the KYC details. After that, you need to verify it with OTP. When you open the investment detail tab, you must fill in the initial deposit amount. Then, you should choose tenor and payout frequency. Finally, you must use your Net Banking and UPI to invest money. As an investor, you can apply for a collateral-free loan against a fixed deposit. Getting a loan is also possible for up to 75% of the FD value. It can provide investors with the liquidity to meet urgent requirements. The end-to-end online method enables you to get... --- ### 8 best metaverse crypto coins to invest in 2023 > Crypto projects, with blockchain-powered decentralization and transparency, are poised to dominate the metaverse. Read to learn more. - Published: 2023-03-26 - Modified: 2023-09-08 - URL: https://coinswitch.co/switch/crypto/8-best-metaverse-crypto-coins-to-invest-in-2023/ - Categories: Crypto - Tags: metaverse crypto The booming crypto market has attracted investors in droves in recent years. The launch of metaverse crypto coins has boosted the crypto world. These coins are tied to the concept of the metaverse, a virtual environment that is growing increasingly popular among gamers, social media users, and even corporations. This article will discuss some of the top metaverse crypto coins. Top metaverse crypto What is metaverse crypto? Any crypto associated with the metaverse is a metaverse crypto. The fusion of several virtual and augmented reality technologies has produced the metaverse, a virtual universe. It is an interconnected universe of virtual places that anyone with an internet connection can access. Crypto projects, with blockchain-powered decentralization and transparency, are poised to dominate the metaverse by facilitating commerce and exchange within the universe. We list eight crypto-metaverse crypto coins likely to rule the crypto-metaverse in 2023. Metacade (MCADE) Metacade is a new crypto that intends to transform the gaming industry. It provides a decentralized platform where players may develop, distribute, and monetize their games and receive compensation for their labor and expertise. The Metacade platform uses blockchain technology to guarantee fairness, security, and transparency. The platform's currency, the Metacade coin, enables players to purchase, sell, and in-game trade products and gain incentives for their contributions. With the gaming sector expanding at a never-before-seen rate and the potential of blockchain technology, Metacade has a chance to rank among the most lucrative crypto in the years to come. Decentraland Blockchain technology powers the decentralized virtual... --- ### Understanding the differences between fixed deposits and government bonds > Government bonds and fixed deposits differ on various counts. Read to learn these distinctions to shape your financial goals. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/understanding-the-differences-between-fixed-deposits-and-government-bonds/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, government bonds Fixed-income instruments are debt instruments that pay investors regular interest payments in addition to repayment of principal at maturity. In India, fixed deposits and government bonds are popular fixed-income instruments. Investors with a low-risk tolerance tend to prefer fixed-income securities. However, government bonds and fixed deposits differ on various counts. It is essential to understand these distinctions to decide your financial goals and risk preference. Let’s delve deeper into the topic. What is a fixed deposit? It refers to a financial instrument where you, as an investor, can deposit money for a specific time with a predetermined interest rate. In this case, the interest and principal are payable on maturity. Banks, post offices, and non-banking financial companies provide fixed deposits. FDs are flexible, meaning you can withdraw money at any time. But you must remember that premature withdrawal charges may apply. Here are some of the salient features of FDs: The tenure can range from seven days up to 10 years. Once the FD matures, the investor can reinvest the returns in a new fixed deposit account. Several banks offer this feature and call this rollover term. FDs for senior citizens can offer higher interest rates than traditional FDs. While fixed deposits fetch a fixed interest rate, market fluctuations will not hamper the returns. Tax-saver FDs come with a lock-in period of five years. When you invest money in those fixed deposits, you can claim tax exemptions under Section 80C of the Income Tax Act. You can pledge the deposits... --- ### Fixed deposit for women – Types and interest rate > Learn about fixed deposit savings schemes available for women in India, interest rates offered, and how to use a fixed deposit calculator. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fixed-deposit-for-women-types-and-interest-rate/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit Are you thinking about making a safe and low-risk investment with your money? Fixed deposits (FDs) may provide the solution. Due to their security and guaranteed returns, FDs have been a popular and preferred investment choice for Indian women. Women have a range of options that are tailored to their financial needs and goals. This blog will discuss the different fixed deposit savings schemes available for women in India, the interest rates offered, and how to calculate returns using a fixed deposit calculator. Fixed deposit for women Fixed deposit schemes available for women in India include regular fixed deposits, tax-saving fixed deposits, senior citizen settled deposits, and cumulative fixed deposits. The interest rates depend on the investment duration and the bank's policies. Typically, the longer the duration, the higher the interest rate. An FD rates calculator can calculate returns from a fixed deposit. The calculator considers the principal amount, the investment duration, and the interest rate to estimate the returns. The method makes it easier for women to plan their finances and make informed investment decisions. Best fixed deposit schemes for women Several fixed deposit schemes in India offer exclusive benefits for women investors. Some of the popular fixed deposit saving schemes for women are: DHFL Swayamsidha Deposit for Women DHFL Swayamsidha Deposit for Women is a fixed deposit scheme exclusively for women. This scheme offers a higher interest rate than regular FD rates, making it an attractive investment option for women. The scheme provides a flexible tenure ranging from... --- ### All you need to know about Bajaj Finance FD interest rates > Bajaj Finance FD interest rates, flexible tenures, and high credit ratings make it a safe and secure investment. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/all-you-need-to-know-about-bajaj-finance-fd-interest-rates/ - Categories: Fixed Deposit, Personal Finance - Tags: bajaj finance, Fixed Deposit In a nation of savers, fixed deposit interest rates are often conversation starters. Non-banking financial companies (NBFCs) typically offer higher interest on term deposits than banks. Consider, for instance, Bajaj Finance’s fixed deposit, which offers competitive interest rates on your investment. With flexible tenures and easy online account management options, the scheme provides a hassle-free investment experience. Moreover, with the highest credit ratings from leading rating agencies, your investment with Bajaj Finance is safe and secure. Let’s understand more about Bajaj Finance FD interest rates and what it entails to invest in the product. About Bajaj Finance Bajaj Finance Limited is a leading non-banking financial company based in India. Established in 1987, it has emerged as a well-known provider of financial services such as personal, business, and durable consumer loans. With a customer base of over 45 million, Bajaj Finance has a strong presence in more than 2,200 cities nationwide. It boasts a diversified product portfolio, innovative financial solutions, and a robust digital infrastructure. Bajaj Finance has received several awards for its excellence in customer service, technological innovation, and financial performance. Bajaj Finance FD rates 2023 The NBFC offers attractive fixed deposit rates for 2023. The interest rate ranges from 7. 15% to 7. 85% per annum for regular customers, while senior citizens can earn up to 8. 10% a year on their investments. The rates vary based on the investment amount and tenure. With a minimum investment of ₹15,000, customers can choose flexible terms ranging from 12 to 60... --- ### Fixed deposit accounts for children: Starting early for a better future > Fixed deposit for children are an excellent investment option for parents to build a corpus for their child's future financial needs. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fixed-deposit-accounts-for-children-starting-early-for-a-better-future/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit Fixed deposit accounts for children are an excellent investment option for parents who want to secure their child's financial future. Parents can build a substantial corpus for their child's education, marriage, or future financial needs by starting early. A fixed deposit for a child offers higher interest rates than regular savings accounts. The investment also instills the habit of saving in children and helps them understand the value of money. With flexible investment tenures and customization options, fixed deposit accounts for children can be tailored to suit individual needs and preferences. FD schemes for child Fixed deposit allows children to build a corpus from a very young age. Various banks and financial institutions offer these schemes, allowing parents to invest a certain amount of money for a fixed period, typically one to 10 years. Since parents make investment decisions on behalf of their kids, they must select the right scheme. Types of child fixed deposit plans Parents can choose between various fixed deposits for children. Essentially, these are long-term fixed deposits that offer a fixed interest rate and a guaranteed return on investment over a specified period. Various types of child fixed deposit plans are available in the market, such as monthly income schemes, cumulative fixed deposits, and tax-saving fixed deposits. Monthly income schemes allow parents to receive monthly payouts, while cumulative fixed deposits provide a lump sum at maturity. Tax-saving fixed deposits offer tax benefits under Section 80C of the Income Tax Act. Here are some of the popular... --- ### Fixed deposits vs. savings accounts > Fixed deposits and savings accounts differ in many ways. Learn all about them with this quick read on the CoinSwitch blog. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fixed-deposits-vs-savings-accounts/ - Categories: Fixed Deposit, Personal Finance - Tags: FD, fixed deposits, savings accounts Fixed deposits and savings accounts are two popular investment options in India. While banks offer both options, they differ in many ways. They come with different interest rates, liquidity, and minimum deposit requirements, so you must take all that on board if you wish to compare them. Not to worry, though, because this article will help give your analysis a jumpstart. Introduction Simply put, savings accounts are the way to go if you have long-term commitment issues. Otherwise, fixed deposits may be the way to go. But that’s a simplification. The choice between a fixed deposit and a savings account ultimately depends on the individual’s financial goals and needs. What are fixed deposits? An FD is a financial instrument that banks and other financial institutions offer. It is a popular option because it provides fixed returns for a fixed period. When you open an FD account, you thus lock in your money for a period ranging from a few months to several years. The interest rate does not change with market fluctuations. That makes them low-risk. Besides, the government insures FDs up to a certain amount. In case you’re wondering how FDs work, well, it depends. Depends on the type. And there are two types—cumulative FDs and non-cumulative FDs. In cumulative FDs, the interest and principal amount is paid out at the end of the term. In non-cumulative FDs, the interest is paid out at regular intervals—on a monthly, quarterly, or annual basis. A penalty applies when there is an... --- ### Benefits of adding fixed deposits to your portfolio > Fixed deposits come with various benefits such as higher interest rates. Read this article to learn all about them. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/benefits-of-adding-fixed-deposits-to-your-portfolio/ - Categories: Fixed Deposit, Personal Finance - Tags: advantages, benefits, Fixed Deposit Even if you don’t know about any other investment option, you’ve surely heard of Fixed Deposits (FDs). But why are they so popular? It might have something to do with the benefits of these fixed-term, fixed-interest deposits. This article will help you understand some of the main ones, but first, let’s ensure we all understand how FDs work. What is a fixed deposit? A fixed deposit, or FD, is one of the best investment options banks and financial institutions offer. Think of it as a savings account offering a higher interest rate. So what’s the catch? You must deposit the amount as a lump sum and lock it in for a fixed period. The interest rate offered on FDs is higher due to the fixed tenure and the safety aspect. They are safe because they are not affected by market fluctuations. FDs come with a range of tenures, from a few months to a few years, and the interest rate varies accordingly. Account holders can choose the interest payout frequency, which can be monthly, quarterly, or yearly. You can read more about them here. Benefits of fixed deposits FDs come with many benefits. Here are some of the main ones. FDs provide surety of returns on maturity. Fixed deposits work particularly well for the risk-averse among us, thanks to their predictable returns. The surety of returns is due to the fixed FD interest rate. This ensures that the investor knows exactly how much to expect on maturity. And it makes... --- ### What are corporate fixed deposits? > Corporate fixed deposits are a type of term deposit offered by corporations. Read this article to learn more about them. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-corporate-fixed-deposits/ - Categories: Fixed Deposit, Personal Finance - Tags: corporate fixed deposits, fixed deposits, NBFC FDs If you want to take the Fixed Deposit (FD) route, banks are not the only option you have. Non-Banking Financial Companies (NBFCs) and corporations also put out FD offerings. These FDs, known as corporate fixed deposits, are a great investment option if you’re looking to earn higher interest rates. Corporate fixed deposits: Explained A corporate FD is a type of term deposit offered by corporations. Investors lock in money for a fixed period, typically from a few months to a few years. In return, the company guarantees a fixed interest rate for the entire period. The interest rates vary depending on the company and the length of the investment period. Rates can range from 5% to 9% or higher and are typically higher than a regular savings account. One of the benefits of corporate fixed deposits is that they are safer than other investments. The acquisition is backed by the company’s reputation and financial stability. Additionally, the investment is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to a certain limit. How are corporate fixed deposits different from bank FDs? People tend to associate FDs with banks, but there are a few that corporates offer. As an investor, you should consider them, even if you choose banks. So let’s break down how different the two types of offerings are. Interest rates The interest rates the two offer differ significantly. Typically, corporate fixed deposits offer a higher interest rate than banks. This is because banks are more secure... --- ### How to renew your FD account > Worried about how to renew your FD? Wondering if you'll have to wait for the money to come back to you? Read this to find out. - Published: 2023-03-24 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-renew-your-fd-account/ - Categories: Fixed Deposit, Personal Finance - Tags: renew FD, withrdraw FD So you’ve chosen the Fixed Deposit (FD) investment option after wracking your brains for months. You know it has guaranteed returns, with a fixed interest rate and a fixed tenure, and all that works for you. But you want to know what happens when your deposit matures. “Will you have to wait for the money to come back to you before you create a new account? ” you’re wondering. But why wonder when there’s Switch here to tell you how to renew your FD account? How to renew an FD: Methods of renewal When your FD term ends, you can renew or withdraw your account. If you renew your account, the money is reinvested in an FD. But you won’t need to wait for the term to end to decide. The auto-renewal option is something banks will ask you about at the time of setting up the account itself. But there is any other way to renew your fixed deposit account. Learn about both ways in this section. How to auto-renew an FD Auto-renewal of fixed deposits refers to the automating of reinvestment in an FD. While setting up your account, the bank or financial institution will ask if you wish to renew at the end of the tenure. You should also be prepared to specify whether you wish to renew only the principal amount or if you want to reinvest the interest, too. Auto-renewal ensures that the bank renews the deposit at the running rate of interest. The term... --- ### How to invest in Fixed Deposits (FDs) > Do you know to invest in FDs? Let us show you how easy investing in FDs is, in case you don't know. All you have to do is read this now. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-invest-in-fixed-deposits-fds/ - Categories: Fixed Deposit, Personal Finance - Tags: FDs, fixed deposits, investing One of India’s most well-liked investment alternatives is the Fixed Deposit (FD). It provides a fixed interest rate for a set time and is low-risk. But one of the reasons they are so popular is how easy they are to invest in. If you're unsure how to proceed, let us show you how investing in FDs works. Investing in FDs As it is, investing in fixed deposits is a simple and hassle-free process. And with us to help you review it, FD investments can’t get simpler. You can apply for an FD account online or offline; the paperwork is pretty basic. Here are the steps you will need to follow: Check and compare FD rates. Checking and comparing the interest rates of various banks and financial organizations is essential. So start with that. You can do it online by comparing data from the relevant websites or stopping by one at the bank. It makes sense to pick a bank offering a higher interest rate. Pick a suitable deposit tenure. The deposit tenure is the period you intend to keep your money locked up. You can pick the duration based on your financial objectives and needs. However, FDs with shorter terms have lower interest rates, so keep that in mind, too. Choose the frequency of interest payouts. The frequency of interest payments is up to you, but we advise you to base it on your needs. You can receive the interest every month, quarter, half-year, or year. Select the mode of... --- ### What is a monthly payout in fixed deposit? > A monthly payout FD provides a regular monthly income to the depositor in the form of an interest payout. Read to learn more. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-monthly-payout-in-fixed-deposit/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit, monthly payout FD A monthly interest payout fixed deposit (monthly payout FD) provides a regular monthly income to the depositor in the form of an interest payout. It is a suitable investment option for individuals requiring a regular cash flow to meet monthly expenses. Monthly interest payout fixed deposit A monthly payout FD is a fixed deposit scheme in which the interest earned on the deposit is paid out to the depositor every month instead of being paid out at the end of the deposit tenure. This type of fixed deposit is suitable for individuals who require a regular monthly income or cash flow from their investments. Under this scheme, the depositor receives a fixed interest amount every month, calculated based on the deposit amount and the interest rate applicable for the deposit. The depositor gets the interest in his/her savings account or any other designated account. The deposit tenure for the scheme can vary from bank to bank and range from a few months to a few years. The interest rate for this type of fixed deposit is usually lower than that of a regular fixed deposit, as the bank pays out the monthly interest. Fixed deposit scenario in the Indian market Fixed deposit (FD) is a popular investment option among Indian investors, especially for those who want a secure and risk-free investment option. Investors reckon FDs to be safe as they offer assured returns with the backing of the deposit insurance scheme provided by the government of India. The demand for... --- ### What is an FD calculator? > An FD calculator is a tool that calculate the interest earned on a fixed deposit. Read on as we break down the math around FD interest rates. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-an-fd-calculator/ - Categories: Fixed Deposit, Personal Finance - Tags: FD calculator, Fixed Deposit While scores of investors go gaga about fancy calculators that focus on crypto assets or stocks, the humble Fixed Deposit (FD) calculator is largely ignored. Reading the article will help you calculate interest rates and learn to get that FD calculator to work in a breeze. Understanding an FD calculator A fixed deposit calculator is a tool that helps calculate the interest earned on a fixed deposit. It does the math based on the principal amount, interest rate, and tenure. To use the calculator, put in these three things. The calculator will display the interest earned and the maturity amount. How is the FD amount calculated? You must use the simple interest formula to calculate the FD amount due at the end of your maturity period. The simple interest formula is as follows: Simple Interest = (P * R * T) / 100 Here, P = Principal amount R = Interest rate per annum T = Time in years So, you see, the formula considers the FD's principal amount, interest rate, and tenure. And if you need to calculate the compound interest, you can use the expanded version of the formula: Compound interest = P * (1 + R / n)^(n * t) - P The rest of the terms are the same as above, but there are two additions. n = Number of times the interest is compounded in a year, and t = Period in years The compound interest is naturally higher than the simple interest, thanks to... --- ### What is a fixed deposit? What are its features and benefits? > Fixed deposit is a well-liked investment as it prioritizes security. Read this for a discussion on the basics of this investment option. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-fixed-deposit-what-are-its-features-and-benefits/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit Fixed deposits are a well-liked investment choice for people prioritizing security. We will discuss the fundamentals of fixed deposits in this article and help you figure out whether they are right for you. What is a fixed deposit? Fixed Deposits (FDs) are a type of investment option that banks and other financial organizations offer. They allow investors to deposit money in a lump sum for a fixed period. The time frame can range from a few months to several years. The interest rates of FDs are often greater than those of traditional savings accounts. Who should invest in an FD? Fixed deposits are a terrific choice for those who want to invest safely to be assured of a fixed sum. It is a great option for cautious investors. How to invest in an FD FDs are simple things. The process of applying for them is not complicated at all. Here’s how you do it: Choose a bank or financial organization that offers the fixed deposit option. To this, check and compare the interest rates various organizations offer. Decide the deposit term and the amount you wish to invest. Next, fill out the application mentioning these details and submit it with the supporting documentation. You may need copies of your ID and proof of your address. After the documents are accepted, you can deposit the funds. You will receive interest on your investment as soon as the fixed deposit account is created. Different types of fixed deposits There are different types... --- ### Which is the best fixed deposit scheme in India with higher returns? > FD interest rates in India are often conversation starters. In this article, we discuss some of the best fixed deposit schemes in India. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/which-is-the-best-fixed-deposit-scheme-in-india-with-higher-returns/ - Categories: Fixed Deposit, Personal Finance - Tags: best fixed deposit scheme, Fixed Deposit Given their popularity, FD interest rates in India are often conversation starters. When opening a fixed deposit scheme, investors prefer plans that offer the highest interest rate. However, that may not be the correct strategy. In this article, we discuss some of the best fixed deposit schemes in India and explain the intricacies of these plans. What is a fixed deposit? Basically, a fixed deposit is a specified amount maintained with a bank for a specific period. While this broad definition may include a savings bank account and a credit card, a fixed deposit stands out as the amount is fixed. The fixed deposit differs in the way it offers a reward to its holder (interest) and also demands the depositor (customer) maintain the funds for a specific period (tenure). You should also know that banks and financial institutions generally discourage customers from prematurely withdrawing money from a fixed deposit. Reasons why you need to include FD in your portfolio Including fixed deposits in your investment portfolio can provide various benefits, such as reducing overall portfolio risk, offering surety of returns, flexibility, and better interest rates. You should consider including fixed deposits (FDs) in your financial portfolio for several reasons. Basically, they are low-risk investments that offer investors guaranteed returns, flexible investment options, and much-needed diversification to investors. However, it is essential to carefully consider your investment goals and risk tolerance before making any investment decisions. Reduce your portfolio risk Fixed deposits can help reduce the overall risk of your... --- ### What are short-term fixed deposits? > Short-term fixed deposits get you guaranteed returns over a short period, making safety and liquidity possible. Read this to learn more. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-short-term-fixed-deposits/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, short-term fixed deposits Are you looking to invest safely and securely while retaining liquidity? Well, then, look no further than short-term fixed deposits (FDs). That’s just a figure of speech. Please look. You must. We mean it may be a good option for you. Short-term FDs let you earn guaranteed returns over a shorter period, making safety and liquidity their second and third names. Short-term FD rates are great too. Keep reading to learn more about them. Understanding short-term fixed deposits At their core, short-term fixed deposits are a type of account that offers a fixed interest rate for a short but predetermined period. They are unlike regular savings accounts because the latter offers variable interest rates. Components of short-term FDs There are several components of short-term fixed deposits. Here’s where we break them down for you. Period: Firstly, the deposit period determines the interest rate you earn. Typically, short-term fixed deposits have a maturity period of anywhere from one to twelve months. The longer the period, the higher the interest rate. Interest rates: Shop around to find the best FD interest rates. This will significantly impact the returns you earn. Short-term fixed deposits shine here, often offering higher interest rates than regular savings accounts. Facility for renewal: Facilities for renewal are also an important consideration. Many short-term deposits offer the option to renew the account at the end of the term. You can choose to reinvest just the funds or the funds and interest. This is very convenient if you want to... --- ### Strategies to maximize your returns on fixed deposits > Investing in FDs? Read this article to pick up a few strategies to maximize your returns on fixed deposits. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/strategies-to-maximize-your-returns-on-fixed-deposits/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit, returns For many of us, fixed deposits are so simple that one doesn’t need to do any planning to invest in them. But keeping a few strategies in mind can help investors maximize their returns on fixed deposits. Read on to learn about them. Understanding fixed deposit returns Bank fixed deposits (FDs) are a safe and secure investment option with stable returns. But the investor has to choose the tenure, deposit amount, and interest payment frequency. As an investor, you should also know how the interest on a fixed deposit is calculated. Let’s start with the latter. The interest on a bank fixed deposit is “simple interest. ” The mathematical formula to calculate Simple Interest (SI) is as follows: SI = (P X N X R)/100 In the formula above, P stands for principal or the amount in a fixed deposit, N for the time, denoted in years, and R stands for the interest rate. So, for example, if you invested ₹10,000 for one year at an interest rate of 7%, the simple interest would be ₹700. Best strategies to follow and maximize your returns on fixed deposits You could use many strategies to maximize the return on fixed deposits. In this section, we look at a few things you could do. 1. Look beyond traditional bank fixed deposits. While traditional bank FDs are a popular investment option, it’s worth exploring other options. Corporate FDs, Non-Banking Financial Company (NBFC) FDs, and post office FDs are some other types of FDs you... --- ### Why do Indians prefer fixed deposit investments? > Indians seem to have a fascination for FDs and changes in fixed deposit interest rates. Read to learn more about factors that move FD rates. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/why-do-indians-prefer-fixed-deposit-investments/ - Categories: Fixed Deposit, Personal Finance - Tags: FD interest rates, Fixed Deposit Culturally, Asians are big savers, unlike Westerners. Small wonder fixed deposit interest rates are much talked about in our country. According to the Reserve Bank of India (RBI), fixed deposit is the instrument most favored by savers in the country, accounting for around 57% of the total household financial savings. Besides, a survey conducted by the Economic Times in 2021 found that 56% of respondents preferred fixed deposits as their top investment choice, followed by mutual funds and real estate. Furthermore, various banks and financial institutions have reported a significant increase in their fixed deposit base over the years, indicating the popularity of this investment option among Indians. Let us quickly understand why fixed deposits are so popular among Indians, the factors contributing to the rise, and the types of fixed deposits in India. Understanding why Indians prefer to invest in fixed deposits It is natural to question if the popularity of fixed deposits is due to a lack of awareness of other financial instruments such as stocks, equities, mutual funds, real estate, or crypto. However, that is not true. The popularity of fixed deposits among Indians could be owing to their simplicity. Here are some more reasons why fixed deposits are so popular: Guaranteed returns: Fixed deposits offer a fixed rate of return for the duration of the deposit. This provides investors with a sense of security and predictability. Low risk: Fixed deposits are low-risk investment options, as the principal amount is not subject to market fluctuations. Liquidity: One... --- ### The role of credit ratings in fixed deposit investments > Invest in a fixed deposit to obtain a credit card. Know the features of an FD credit card and its pros and cons. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/the-role-of-credit-ratings-in-fixed-deposit-investments/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits A good credit history is a prerequisite to avail of a credit card. For someone just starting to work or someone with a negative credit score, the inability to get a credit card is often a frustrating experience. But for those who cannot get a credit card, there is an easy solution—invest in a fixed deposit. In this article, we explain how to obtain a credit card on a fixed deposit (FD credit card) and its pros and cons. What is a credit card against a fixed deposit? A credit card against fixed deposit is a type of secured credit card that banks offer. Here, the cardholder has to keep a fixed deposit with the bank as collateral. The card’s credit limit is usually a certain percentage of the fixed deposit amount. Several banks offer this type of credit card to individuals with a poor credit history or new to building a credit score. Since the fixed deposit serves as the collateral, the bank has minimal risk in extending credit. Besides, individuals who maintain a fixed deposit can avail of a credit card against it without needing to prove their creditworthiness. How does a secured credit card work? A secured credit card, also known as FD credit card, is a type of credit card with collateral backing. The collateral can be in the form of a fixed deposit, savings account, or any other asset that has value. The bank offers this type of credit card to individuals with a poor... --- ### Short-term vs. long-term fixed deposit: Which FD is best for you? > Investing in a fixed deposit is a wise investment choice. Learn more about long-term vs. short term deposit. - Published: 2023-03-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/short-term-vs-long-term-fixed-deposit-which-fd-is-best-for-you/ - Categories: Fixed Deposit, Personal Finance - Tags: Fixed Deposit Wondering whether to invest that bonus in a short-term or a long-term fixed deposit? Well, this article has got you covered on what to choose when it comes to a fixed deposit, how to choose one, features, benefits, and everything you need to know to make a wise investment choice. Let’s dig in. Short-term or long-term fixed deposit: Which one should you choose? Before identifying a short-term or a long-term deposit, it is important to understand these schemes. A fixed deposit is a type of savings account offered by banks and financial institutions that allows customers to deposit a certain amount of money for a fixed period of time. Deposits with tenures of days, weeks, and months are short-term deposits, while the ones with more than a year’s tenure are long-term deposits. The interest rate offered on any fixed deposit is typically higher than that of regular savings accounts, while the deposit amount and interest rate remain fixed during the term. At the end of the fixed term, the customer can withdraw the principal amount and the accumulated interest, or they can choose to renew the deposit for another term. Short-term fixed deposits are a low-risk investment option, providing a guaranteed return on investment while protecting the principal amount. They are ideal for those with surplus funds that they do not need to use immediately and want to earn a higher interest rate than a regular savings account. To sum up, short-term and long-term deposits differ in terms of the... --- ### Fixed deposits (FDs) vs. Certificates of Deposit (CDs) > Fixed deposits and Certificates of Deposit are different investment strategies. Learn more about them and how FDs are different from CDs. - Published: 2023-03-22 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/fixed-deposits-vs-certificates-of-deposit/ - Categories: Fixed Deposit, Personal Finance - Tags: CD, Certificates of Deposit (CDs), FD, fixed deposits You will be astonished to know how many people still save their spare cash in a piggy bank or safe. But with piggy banks and safes, there is always the risk of theft, accidental loss, and even accounting errors. Besides, saving in these ways does not earn you any interest. The same amount in a fixed deposit could grow significantly in even one year. And what if we told you there is something as safe as a fixed deposit and as simple as a piggy bank but more rewarding than FDs? That’s Certificates of Deposit (CDs). Learn more about them and how FDs are different from CDs. What are Fixed Deposits (FDs)? As the name indicates, a fixed deposit is nothing but an account for storing a fixed sum for a fixed tenure. A fixed deposit gives the depositor a significantly higher interest rate than a saving account. The period may vary from a week to 5 years. The first deposit scheme in India instituted by a bank was by the State Bank of India in 1951. Back then, one could start a fixed deposit with a nominal deposit amount of ₹100. What are Certificates of Deposit (CDs)? Certificates of Deposit (CDs) are a type of time deposit, like an FD. And they, too, are backed by banks and offer a fixed interest rate. So they are promissory notes guaranteeing the holder a fixed amount at the end of tenure. However, unlike FDs, the minimum investment amount for CDs is... --- ### Are fixed deposits a good investment option for you? > Are fixed deposits a good investment option for you? This article, which discusses all of its features, will help you make up your mind. - Published: 2023-03-22 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/are-fixed-deposits-a-good-investment-option-for-you/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, good investment? Many people are swayed into investing in stocks, crypto, real estate, and even gold at the start of their careers. But your investment journey can commence with something as simple as fixed deposits. Here’s explaining why this may be a good investment option for you. Why should you invest in fixed deposits? Fixed deposits are a low-risk investment option. They come with guaranteed returns, flexible tenure options, and easy management. Anyone who wants decent returns without taking on a high level of risk may thus find this useful. Some reasons why you should consider investing in fixed deposits are: Guaranteed returns: Fixed deposits offer a guaranteed return on your investment, so you know exactly how much you will earn at the end of the day. The interest rate is fixed for the entire tenure of the deposit. That means no need to worry about fluctuations in the market affecting your returns. Low risk: Fixed deposits are considered a low-risk investment option as market volatility or fluctuations in interest rates don’t affect them. Additionally, most fixed deposits of up to ₹5 lakh are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Flexible tenure options: Fixed deposits come with flexible tenure options that allow you to choose the duration of your investment. You can choose a tenure that ranges from a few months to several years. Easy to manage: Fixed deposits are easy to manage and do not require any active monitoring or management. Once you have invested your money,... --- ### How to pick the right NBFC for a fixed deposit > NBFC fixed deposits offer better interest rates than bank fixed deposits. Read on to learn everything there is to know about them. - Published: 2023-03-22 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-pick-the-right-nbfc-for-a-fixed-deposit/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, NBFCs You must have already heard of a fixed deposit and a recurring deposit. But have you heard of Non-Banking Financial Company (NBFC) fixed deposits? If you haven’t, you may be missing out! Because some NBFCs offer a better interest rate than banks. So, please read this to learn about them and how to pick one. What are NBFC fixed deposits? These fixed deposits are just like a bank fixed deposit. They can be held from one to several years and earn the holder interest earnings. Except NBFCs issue them. Not all NBFCs can collect fixed deposits from the public. In India, regulators have allowed specific NBFCs to offer these schemes. There are several top Non-Banking Financial Companies (NBFCs) in India—top regarding their market cap, Assets Under Management (AUM), and customer base. Some examples include Bajaj Finance Limited, HDFC, Mahindra & Mahindra Financial Services Limited (MMFSL), Shriram Transport Finance Company Limited (STFC), and L&T Finance Holdings Limited. Features of NBFC fixed deposit schemes Here is a five-point summary of some key features associated with NBFC fixed deposit schemes: Interest rates: These fixed deposits typically offer higher interest rates than banks. This is because NBFCs have to pay higher interest rates to attract investors. Ratings: It is important to note that the credit ratings of NBFCs vary and can be lower than that of banks. Therefore, it is important to check the credit rating of an NBFC before investing. Tenure: The tenure of NBFC fixed deposits ranges from 1 to 10 years.... --- ### The best three-year Fixed Deposit (FD) schemes > FDs are a safer investment option, but it is important to research before committing. Here are the best three-year fixed deposit schemes. - Published: 2023-03-22 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/the-best-three-year-fixed-deposit-fd-schemes/ - Categories: Fixed Deposit, Personal Finance - Tags: fixed deposits, three-year fixed deposit To the average Indian investor, a Fixed Deposit (FD) scheme represents one of the safer investment opportunities. As a no-fuss investment product, FDs are much easier to understand and relatively easy to start. The best thing about them is that any local bank will have a fixed deposit scheme. But that doesn’t mean you should go with the first option you find. Before committing to a three-year fixed deposit scheme, always do your research. And you can start the research process with this read right here. What are three-year fixed deposit schemes? Three-year FD schemes are FDs with a three-year maturity period. Generally, three-year fixed deposit schemes are considered safe. That’s because they are offered by institutions regulated by the Reserve Bank of India (RBI). The interest rates of these schemes are fixed for the entire tenure, so the returns are predictable. Additionally, fixed deposits are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC). So they come with an insurance cover of up to ₹5 lakh per depositor per bank. However, it is essential to note that fixed deposits carry some risks, such as interest rates, inflation, and liquidity. While there are tax-saving fixed deposit schemes, the three-year FD is not one such scheme. Investors can only claim deductions under Section 80C of the Income Tax Act, 1961, by investing in a five-year fixed deposit scheme. The best fixed deposit schemes to invest in for three years FDs are one of the more common investment options in India.... --- ### How to invest during a bear market > Bear market means the price of stocks is falling. It's scary, but you can learn to invest during a bear market. Read this to start learning. - Published: 2023-03-21 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-invest-during-a-bear-market/ - Categories: Indian Stocks, Personal Finance - Tags: bear market, investing When the market is down—meaning it’s a bear market—investing can be daunting for even the most seasoned investors. The primary goal of investing when the bears are out prowling is to preserve capital and generate positive returns. This article will help you understand the different phases of a bear market and the strategies you can use to learn to invest during a bear market. What is a bear market? The term bear market refers to a market condition. It is when stock prices are down or generally falling, and investor confidence is low. As a result, investors may sell their holdings due to fears of further losses. When investors sell their stocks, it causes an even steeper decline in stock prices. A drop of 20% or more is usually considered a bear market. Typically, a bear market occurs when the economy is in a recession or when there is a cause or a trigger for pessimism. Understanding the phases of a bear market There are three primary phases of a bear market: the accumulation phase, the distribution phase, and the panic phase. The accumulation phase is the initial stage of a bear market when stocks begin to decline, but investor sentiment is still positive. Savvy investors seek undervalued stocks to purchase during this phase as they believe the market will eventually rebound. The distribution phase is the second stage. During this phase, investor sentiment has turned negative, stocks are declining, and investors are looking to sell their holdings. In this... --- ### The role of Web 3.0 in enabling Decentralized Autonomous Organizations (DAOs) > Web 3.0 plays a huge role Decentralized Autonomous Organizations (DAOs). Learn how with this quick read by CoinSwitch. - Published: 2023-03-21 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/the-role-of-web-3-in-enabling-daos/ - Categories: Crypto - Tags: crypto, DAOs Web 3. 0 plays a key role in creating the possibility of decentralization and decentralized autonomous organizations (DAOs). To help you understand the full extent of its contribution, read on. Introduction to Web 3. 0 and DAOs Web 3. 0 is called the “Semantic” web as it comes to conclusions based on reasoning. This makes it unique compared to previous web versions, which match keywords to arrive at conclusions. But that’s not all. Web 1. 0 was the “read-only” web. Users could use it to fetch and read articles created by a few for a large group of readers. Web 2. 0, the current version, on the other hand, has been a “participative social” web. Here, several users create content for a larger audience with the overall aim of enhancing user experience. Compared to these two, Web 3. 0 can be called the “read, write, execute” web. With it, the internet moves from centralized platforms like Google to decentralized platforms. The way of drawing conclusions changes with Web 3. 0, as we have seen above. And it creates avenues for the emergence of decentralized groups like decentralized autonomous organizations. DAOs are digital organizations governed by rules encoded on a blockchain. They are designed to be decentralized, autonomous, and transparent. Decisions are made democratically based on consensus without needing centralized authorities. Understanding the concept of Web 3. 0 Web 3. 0 uses blockchain technology to facilitate the decentralization of data. It lets users interact with each other directly without the intervention... --- ### The future of in-game purchases with crypto > As the P2E model becomes popular, it's time to take stock of the future of in-game purchases with crypto. Read this to learn more. - Published: 2023-03-21 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/the-future-of-in-game-purchases-with-crypto/ - Categories: Crypto - Tags: crypto, in-game purchases Thanks to blockchain technology and crypto, the play-to-earn model has become big in gaming. With this model, players can earn money by performing tasks, using in-game items, and earning experience points. And due to crypto, they can do all this safely and with much privacy. They can also use the money for in-game purchases. The future of in-game purchases is thus with crypto. Read on to learn about this evolving trend. Introduction to in-game purchases and crypto There is no denying that crypto has altered our understanding of how to send, receive, and store money. And now it is also changing how we do other tasks—like playing games. Crypto is steadily making inroads into the gaming business by enabling in-game purchases. It enriches the gaming experience and leaves our pockets a little fuller. In turn, gaming—an activity that most of us are familiar with—helps those unfamiliar with crypto to get used to it. Gaming thus promotes crypto adoption in the long run. This article focuses on one aspect of this two-way relationship between gaming and crypto. We look at how gamers use crypto to buy virtual products, pay for online services, and receive rewards for gaming accomplishments. Overview of in-game purchases One of the most common methods for gamers to use crypto is to make in-game purchases. Many games now accept Bitcoin and other cryptos as payment for virtual goods and services. Some games, for example, enable players to swap virtual currency or weapons for crypto tokens or gaming crypto... --- ### What is pledging of shares? > Pledging of shares is a practice that helps raise funds for various purposes. Learn more about it with this blog post. - Published: 2023-03-21 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-pledging-of-shares/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, pledging shares Those who invest regularly sometimes do not have access to liquid cash. Exchanges know that. Using this knowledge to advantage, some of them allow the pledging of shares. This will enable them to keep the wheels of their business turning while allowing investors to keep holding. What is pledging of shares? Pledging of shares is a common practice on exchange platforms. It allows shareholders to use their shares as collateral to obtain loans. By selling shares, investors raise funds for various purposes, such as business expansion, debt consolidation, or personal needs. High-net-worth individuals and institutional investors also use the practice. The shareholder who pledges the shares retains ownership of the shares. They can continue to receive dividends and enjoy related benefits, such as voting rights. The lender can sell the pledged shares if the borrower defaults. However, pledging shares involves risks that investors should be aware of. In this article, we will discuss the concept of pledging shares, how it works, its benefits and risks, and when and how to pledge shares. How does the pledging of shares work? The process of pledging shares usually involves several steps. First, the shareholder contacts a lender and proposes to pledge their shares as collateral for a loan. The lender then conducts due diligence on the borrower and the shares. The point is to determine the value of the collateral and the loan amount. Once the loan is approved, the borrower signs a pledge agreement with the lender. The agreement outlines the terms... --- ### What is tokenomics, and why is it important? > Tokenomics, a study of all the factors that influence a crypto token’s economics, is a must for traders. Read this to earn more about it. - Published: 2023-03-21 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-tokenomics-and-why-is-it-important/ - Categories: Crypto - Tags: demand, supply, tokenomics A crypto project’s developer team should ideally create a system where tokens are distributed evenly across time. Doing that would help minimize the impact of inflation on prices. But since we can’t always trust people to do the right thing, we have tokenomics. It helps you determine if a project is safe and has growth potential. What is tokenomics? The term “tokenomics” is an amalgamation of the words “token” and “economics. ” It refers to all the factors that influence a crypto token’s economics. This includes a token’s purpose, utility, supply, and burn mechanism. Investors should consider the tokenomics of a coin before investing in it. Tokenomics is a key component of crypto. It helps thwart bad actors, foster confidence, and establish a robust ecosystem. A coin with strong tokenomics has wide adoption and better value. It also addresses the problem of inflation, fostering sustainable development. Typically, most of the factors that make up the economics of a token can be found on CoinMarketCap and CoinGecko. But it is still wise to check a project’s white paper and other channels to ensure accuracy. Features of tokenomics Whether investors are encouraged or dissuaded depends, to a large extent, on the way a crypto’s economy is set up. Each crypto has something like a "monetary policy" that applies to it—just like each fiat currency. This policy is tokenomics. The following are the main features that tokenomics focuses on. Mining and staking Most cryptos use one of two mechanisms to bring new coins... --- ### What is Proof of Attendance Protocol (POAP)? > Proof of Attendance Protocol (POAP) is a business offering that uses blockchain technology to create unique badges and tokens to reward participants. - Published: 2023-03-20 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-proof-of-attendance-protocol-poap/ - Categories: Crypto - Tags: crypto, erc-721, poap Proof of Attendance Protocol (POAP) is a kind of business offering to incentivize attendees of events. But it’s great for users, too. It allows them to share and profit from their memorabilia from the event. Read on to learn more about it. What is the Proof of Attendance Protocol (POAP)? When the organizers of an event want to reward participants, they use POAP to issue Non-Fungible Tokens (NFTs) to them. This is a kind of digital proof of and reward for their attendance. POAP is thus a business offering. The protocol works by creating unique badges or tokens through blockchain technology. For this, it uses ERC-721 on the Ethereum blockchain. POAPs create camaraderie between participants and serve as an incentive. They provide access to exclusive content or discounts on future events. And the memorabilia can be shared or traded later. How does a Proof of Attendance Protocol (POAP) work? Event managers create a smart contract on Ethereum using the ERC-721 standard. They generate a list of attendees, and the attendees furnish details of their Ethereum wallet addresses. The smart contract then distributes the POAP NFTs to the addresses. What are the benefits of POAP? The POAP way of doing business has several advantages. To name a few: POAP serves as an incentive to participate in the events. It facilitates networking and connects like-minded people. The protocol creates a verifiable record of attendees for the reference of the organizers. Organizers usually need such data for reporting, which helps them eliminate bogus... --- ### All you need to know about cybersecurity in the crypto and NFT industry > It's important to learn about cybersecurity in the crypto and NFT space if you're going to be a trader. Start here. - Published: 2023-03-20 - Modified: 2023-04-25 - URL: https://coinswitch.co/switch/crypto/all-you-need-to-know-about-cybersecurity-in-the-crypto-and-nft-industry/ - Categories: Crypto - Tags: crypto Crypto and Non-Fungible Tokens (NFTs) have grown significantly over the past few years. And that’s great. But their popularity has also made them a lucrative target for cybercriminals. As they continue to gain popularity, cybersecurity will become more important than ever before. So, prepare by reading this article on cybersecurity in the crypto and NFT industry. Introduction to cybersecurity in the crypto and NFT industry In relation to digital assets, cybersecurity refers to the practices, technologies, and regulations that protect crypto and NFT holdings from cyber threats. These threats can come in various forms. As the value of digital assets continues to rise, cybercriminals become more sophisticated in their attack methods. That makes it crucial for users and developers to take effective security measures. Understanding the importance of cybersecurity in the digital asset space The importance of cybersecurity in the crypto and NFT industry cannot be overstated. Without effective cybersecurity measures, digital assets become vulnerable to theft and fraud. As the industry continues to grow, it is essential to prioritize cybersecurity to protect against these threats. Threats to crypto and NFT assets The crypto and NFT industry faces several threats. Hacking, phishing, and scams are some of the most common ones. Here, we discuss these and a few more. Common types of cyber threats in the crypto and NFT industry Hacking involves gaining unauthorized access to a user's wallet or exchange account. Phishing aims to trick users into revealing sensitive information or downloading malware. Scams, however, are fraudulent schemes that... --- ### How the metaverse can affect crypto > How are the metaverse and crypto related? Can the metaverse affect crypto? How about vice verse? Find all the answers with this quick read. - Published: 2023-03-20 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-the-metaverse-can-affect-crypto/ - Categories: Crypto - Tags: crypto, metaverse The concept of the "metaverse" has been gaining much attention in recent years. The metaverse refers to a collective virtual space where users can interact with each other and the computer-generated environment. On the other hand, crypto is a digital asset that uses cryptography to secure and verify transactions. In this article, we will explore the relationship between the two. Specifically, we ask: How does the metaverse affect crypto? And vice versa. What is the metaverse? Let’s begin by breaking down the two terms here, starting with the metaverse. The metaverse sounds like the word “universe” because it concerns the virtual universe. Defining the metaverse The metaverse is a vast, interconnected network of virtual worlds. People can don avatars to enter them and interact with each other and the immersive environments. It can potentially revolutionize various industries, including gaming, entertainment, education, and commerce. The idea has been around for a while, and we have seen glimpses of it in movies like The Matrix and Ready Player One. However, recent technological advances have brought it closer to becoming a reality than ever before. Read more about this here. Understanding the potential impact of the metaverse on society and the economy The metaverse can potentially transform how we work, play, and socialize. It could create new job opportunities, generate revenue streams, and even lead to the emergence of new business models. For instance, gaming companies are leveraging the metaverse to create new gaming experiences. These new games blur the lines between reality... --- ### How to identify stock market trends > Learning how to identify stock market trends is a skill every trader must have. Pick it up with this quick read. - Published: 2023-03-20 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-identify-stock-market-trends/ - Categories: Indian Stocks, Personal Finance - Tags: bears, bulls, stock market trends Stock markets can be crazy volatile. You don’t want to be constantly confused and stressed as you wait for it to go your way. So, knowing how to identify stock market trends can be immensely useful if you are planning to invest or have already made an investment. That’s why we’re here to help you out. Understanding stock market trends At any given time, the stock market is either in an uptrend or a downtrend. And you need to know what’s happening. Because buying stock during a downtrend or selling stock in an uptrend is not ideal. So read on as we help you make sense of the current trend. Characteristics of bullish and bearish market trends Traders use the terms “bullish” and “bearish” to indicate market trends. A bullish trend is when the market and stock prices are increasing. During a bearish trend, the stock market decreases, and prices plummet. (Read more about these terms here. ) Certain characteristics can help you identify whether the current market is bullish or bearish. Characteristics of a bullish market 1. Formation of higher highs and higher lows. 2. Buying orders greater than selling orders. 3. Stock index moving up. Characteristics of a bearish market 1. Emergence of lower highs and lower lows. 2. Selling orders greater than buying orders. 3. Stock index moving down. Analyzing market indicators and economic data Market indicators are another way to identify or confirm an ongoing trend. For this, you need tools such as:1. Moving averages: This... --- ### Why do stock prices change ?: An explainer > Understanding the change in stock price is integral to making profits in financial markets. Read to learn more. - Published: 2023-03-19 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/why-do-stock-prices-change-an-explainer/ - Categories: Indian Stocks, Personal Finance - Tags: changes, stock price Stock markets can be intriguing to understand as various factors impact their functioning. Understanding the reason for stock price change is integral to making profits in the capital markets. In other words, this information would help investors buy or sell stocks, furthering profit maximization. This article will discuss in detail the factors that impact stock prices. Factors that affect stock prices Stock prices change due to various factors, including supply and demand, company performance, and broader economic and political trends. Demand and supply are crucial factors in determining share prices. When there are more buyers than sellers, the demand for the stock increases, driving up the price. Conversely, when there are more sellers than buyers, it drives down prices. Company performance is also a significant factor. If a company reports good financial results or positive news, it can increase investor confidence and lead to a higher stock price. On the other hand, poor performance or negative news can lead to a decrease in investor confidence and a lower stock price. Economic and political factors can also impact stock prices. Changes in interest rates, inflation, or government policies can affect the broader economy and influence investor sentiment, impacting stock prices. Additionally, geopolitical events, such as wars or natural disasters, can play a role. To sum up, the price of shares changes due to a complex interplay of factors, and predicting these changes can be difficult. Investors often use various techniques, such as technical or fundamental analysis, to anticipate changes in stock... --- ### How to store Bitcoin in a hardware wallet > A Bitcoin hardware wallet is like a USB device. They come with an extra layer of security. Learn all about them with this blog. - Published: 2023-03-19 - Modified: 2023-09-19 - URL: https://coinswitch.co/switch/crypto/how-to-store-bitcoin-in-a-hardware-wallet/ - Categories: Crypto - Tags: bitcoin hardware wallet We all know how important wallets are. In the real world, wallets store currency notes, coins, credit and debit cards, and even our identity cards. Wallets are just as important in the world of crypto. After you make a crypto purchase, you store the token/s in a crypto wallet for safety. Our previous articles helped you differentiate between the different types of wallets. In this one, we share how to store Bitcoin in a hardware wallet. But first, a quick recap on this type of wallet. Understanding hardware wallets A hardware wallet is like a wallet. It is a device that contains the key to your digital assets. To access your valuables in a bank vault, you need a key. Similarly, to access your digital assets, you need a private key. The hardware wallet keeps this private key secure. The device is not connected to the internet or other devices, making it less vulnerable to hacking or malware attacks. Unlike software wallets, these digital wallets are not downloaded and installed on your computer or mobile device. Instead, you connect physical devices to your computer or mobile device. What is a hardware wallet? Hardware wallets are like USB devices with an extra layer of security. They store your private keys offline. And they have a small screen and buttons. You use the buttons to type out your key and verify and confirm transactions. This wallet option is very user-friendly and portable. And it provides a more secure way to manage and... --- ### Why are NFT gaming platforms dominating the market? > NFT gaming platforms dominating the market. But how did this happen? And how do they take gaming to the next level? Read this to know more. - Published: 2023-03-19 - Modified: 2023-06-13 - URL: https://coinswitch.co/switch/crypto/why-are-nft-gaming-platforms-dominating-the-market/ - Categories: Crypto - Tags: nft gaming platforms If AR-VR games are so massive, imagine what a blockchain-based version could do. On second thoughts, don’t imagine it because many such NFT games are already in development. They leverage blockchain technology to let users earn rewards. This article looks at how these NFT gaming platforms work and how they are coming to dominate the market. The rise of NFT gaming platforms Non-Fungible Token (NFT) gaming platforms have become increasingly popular. NFTs are unique digital assets stored on a blockchain network. They are increasingly used in the gaming industry to create unique in-game assets that players can buy, sell, earn, and trade. These assets can include weapons, skins, and other virtual assets—anything unique and valuable. This has led to the creation of a new market for in-game items. So you can also find them on NFT marketplaces. An overview of NFT games NFT gaming platforms are a growing trend in the gaming industry. And they are likely to become even more popular in the years to come as blockchain technology evolves. Some popular platforms of this kind include Axie Infinity, The Sandbox, and Decentraland. These platforms offer players new ownership and control over their in-game assets. In addition, they present new opportunities for investment and speculation. The growth and popularity of these platforms The growing popularity of NFT gaming platforms is due to the new levels of ownership, value, investment, and creativity they bring to the gaming world. They represent a new level in the gaming industry. These platforms give... --- ### What is dividend yield? > Dividend yield shows how much an investor would earn from dividend payments. To learn about what it is and how to use it, read this. - Published: 2023-03-19 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-dividend-yield/ - Categories: Indian Stocks, Personal Finance - Tags: dividend, dividend yield If investing is something you’re considering, dividend yield is a concept you must understand because it applies to stocks, mutual funds, and ETFs. That's why we present a simple and totally non-technical explanation. What is dividend yield? Companies pay out dividends to their shareholders. The dividends invariably go out of the company's profits during the year. The dividend yield is a metric that shows how much an investor would earn from dividend payments. It is the ratio of the income earned in dividend payouts per year relative to its stock price. The yield applies to payouts from stocks, mutual funds, or Exchange-Traded Funds (ETFs). It is the dividend received divided by the market price of a stock as a percentage. Understanding the concept better in relation to stocks This metric is quite important when the objective is to generate investment income. However, it cannot be the deciding factor when considering an investment. Just because the numbers are impressive now, it does not mean they will continue to be so. The company may choose to change its dividend payout strategy. Increased dividend payout can also mean the company has less profit to return to the business. The business could miss out on future profits by not cashing in on growth opportunities. Furthermore, needless to say, this metric only applies to dividend-paying companies. Calculating it The calculation is quite simple. Just divide the dividend payout by the market price and multiply by 100. So, suppose ABC Company Ltd. has paid a dividend... --- ### What is the Sharpe ratio in mutual funds? > The Sharpe ratio in mutual funds helps evaluate the risk-adjusted returns of the investment. Read this to learn all about it. - Published: 2023-03-19 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-sharpe-ratio-in-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, sharpe ratio Investors use the Sharpe ratio in mutual funds to evaluate the risk-adjusted returns of the investment. By taking into account the investment’s returns and level of risk with this ratio, you can better assess the performance of the investment. The ratio is thus a useful tool to help evaluate investment performance and make informed decisions. That’s why this article tries to help you understand the fundamentals of the Sharpe ratio. What is the Sharpe ratio? The Sharpe ratio measures risk-adjusted returns compared to a risk-free asset. Investors use it to evaluate the returns on an investment relative to the amount of risk. Nobel laureate economist William F. Sharpe developed it. The ratio is calculated by subtracting the risk-free rate of return (such as the return on Treasury bills) from the investment’s return and dividing the result by the investment’s standard deviation (a measure of its volatility or risk). How to calculate the Sharpe ratio Mathematically, the Sharpe ratio can be expressed as follows: Sharpe Ratio = (Rp - Rf) / σp Where:Rp is the expected returns on the investment,Rf is the risk-free rate of return, andσp is the standard deviation of the returns. Sharpe ratio in mutual funds: Assessing its importance The Sharpe ratio provides a way for investors to compare the performance of different investments with similar risk levels. This helps determine whether the returns earned are commensurate with the risk undertaken. A higher Sharpe ratio indicates a better risk-adjusted return. In mutual fund analysis, investors can determine which... --- ### Bitcoin ETFs: Everything you need to know > This article explores the topic of Bitcoin ETFs, unpacking everything there is to know about them. Read this to get started with ETF trading. - Published: 2023-03-19 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/bitcoin-etfs-everything-you-need-to-know/ - Categories: Crypto - Tags: bitcoin etf, btc etf, crypto etf Exchange-traded funds (ETFs) are as popular in the crypto world as in the traditional stock market. But there are several nuances to them. In this article, we seek to understand Bitcoin ETF trading and everything there is to know about it. Understanding Bitcoin ETFs ETFs are a pooled investment—the money is pooled together and invested in the asset. In this, they are like mutual funds, but they can be traded with ease on a stock exchange There are many kinds of ETFs. Some ETFs allow investing in a specific asset class, such as gold and crude oil, or sectors like real estate or manufacturing. One can even buy ETFs for indices such as Sensex. The crypto ETFs, including Bitcoin ETF, invest and track crypto as an asset. What are Bitcoin ETFs? Tracking assets can be a cumbersome task, given the number of them. That’s where ETFs come in handy. A Bitcoin ETF enables investors to gain exposure to BTC and related assets without doing research, purchasing, or storage. It is ideal for investors who are yet to zero in on a strategy or are not confident about handling crypto. How do they work All ETFs track the price of an underlying asset. For Bitcoin ETFs, their underlying asset is the Bitcoin crypto. These ETFs are set up by an exchange, which purchases BTC, securitizes it, and then sells it as fractionalized shares. The first official such ETF was the Proshares Bitcoin Strategy ETF (BITO). The advantages and disadvantages of investing... --- ### What is an option chain? > One of the most important tools for options traders is the option chain. Read more about it in this simple explainer. - Published: 2023-03-17 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/what-is-an-option-chain/ - Categories: Crypto - Tags: option chain, options trading An option chain is a tool traders use to trade options. It is essentially a list of available options contracts for a particular underlying asset. Option chains can be accessed through various trading platforms, which traders can use to analyze and trade contracts. Option chain: A definition An option chain is essentially a table or grid. It displays available options contracts for a particular underlying asset. The chain includes information such as the strike price, expiration date, premium, and implied volatility. The option chain is updated in real-time. As a result, traders can stay better updated and make more informed trading decisions. Components of an option chain An option chain typically includes the following components. Expiration date: This is the date on which the option contract expires. Strike price: The buying or selling price of the underlying asset is the strike price. Option type: The type of option—call or put—is named here. Last price: This is the price of the last option trade. Bid: This is the highest price a buyer will pay for the option. Ask: The lowest price a seller is willing to accept for the option is called an ask. Volume: This refers to the number of options contracts that have been traded. Open interest: The open interest is the total number of outstanding options contracts for that particular strike price and expiration date. Interpreting an option chain An option chain can be overwhelming for newbie traders. But it just takes a little practice. So let’s simplify... --- ### What is a white-label crypto exchange, and how does it work? > A white-label crypto exchange is a type of exchange platform created by one company for another. Read this to learn more. - Published: 2023-03-17 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/what-is-a-white-label-crypto-exchange-and-how-does-it-work/ - Categories: Crypto - Tags: crypto exchange, white-label You could be a blockchain enthusiast wanting to start your own exchange or just someone curious to know how such exchanges work, and then you chance upon this article. “Crypto exchanges are hard enough to understand, now what’s this white label business? ” you may think. Not to worry, though, because this article explains what a white-labeled crypto exchange is and how it works. All you need to do is keep reading. What is a white-label crypto exchange? A white-label crypto exchange is a type of exchange platform created by one company for another. In other words, the first company allows third parties to launch their exchange platform without building the technology from scratch. The operators can customize the user interface, add their branding, and tailor the platform to their specific needs. These exchanges typically offer a range of features and functionalities. To break it down, it supports various crypto assets, trading pairs, order types, liquidity management, and security features. The provider also takes care of the back-end technology, infrastructure, and security, allowing the platform operator to focus on building their business and acquiring users. White-label crypto exchanges can be attractive for entrepreneurs, startups, and established businesses looking to enter the crypto market without investing significant resources. These exchanges offer them a fast and cost-effective way to enter the market. Moreover, they come with a high degree of customizability and support. How does a white-label crypto exchange work? The basic steps of this service involve identifying a service provider, customizing... --- ### What is a Decentralized Autonomous Organization (DAO), and how does it work? > A Decentralized Autonomous Organization (DAO) is an organization that operates on a blockchain. Read this to understand how they work. - Published: 2023-03-17 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/what-is-a-decentralized-autonomous-organization-dao-and-how-does-it-work/ - Categories: Crypto - Tags: dao, decentralized autonomous organization What do organizations look like in the world of Web 3. 0 and decentralization? DAOs are the answer. But what are they exactly, and how do they work? Keep reading to find out. What is a Decentralized Autonomous Organization (DAO)? A Decentralized Autonomous Organization (DAO) is an organization that operates on the blockchain. The idea is to create decentralized self-governing entities that can operate transparently, efficiently, and independently. The advantages of DAOs stem from the fact that they operate on a blockchain network. This reduces the potential for corruption and fraud and ensures all members have an equal say in decision-making. DAOs essentially work through rules encoded as computer programs called smart contracts. Smart contracts are what automatically and transparently enforce the rules without intermediaries. In a DAO, decisions are thus made collectively and democratically. The token holders are the members of the DAO as they have a stake in it. They receive votes in proportion to the number of tokens they own. Many DAOs use crypto to incentivize members to contribute to the organization. DAOs have the potential to revolutionize traditional organizational structures. They are often associated with the crypto and blockchain industries, but their potential applications are not limited to this field. Instead, they can be useful in various industries, including finance, healthcare, and governance. What is the purpose of a DAO? The purpose of a DAO is to create an organization that operates transparently, efficiently, and democratically, even when a central authority oversees it. DAOs enable members... --- ### What are the 6 principles to pick value stocks? > Value investing helps you to get high-quality stocks at a low valuation. Learn six principles of value investing stocks with this read. - Published: 2023-03-17 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-the-6-principles-to-pick-value-stocks/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, value stocks Everyone enjoys a good deal. And value stock help investors find them. These are essentially “good value” stocks. In this article, we will look at how you could discover such value stocks with 6 easy to follow principles. Introduction In this type of investment, investors try to profit from market inefficiencies. The idea behind value investing is straightforward: Identify and purchase stocks affected by market inefficiency so that their current market value does not do them justice. That is high-quality, low-price stocks. What are value stocks? A value stock refers to a company's shares that appear to trade at a lower price than what the company’s success might suggest. The price is low compared to its fundamentals—sales, dividends, or earnings. The low price makes these stocks particularly appealing to value investors. Value companies frequently have high dividend yields, low Price to Book (P/B) ratios, and low Price-to-Earnings (P/E) ratios. Importance of value stocks in investing Value investing is essential if you want to get your money’s worth. Because you cannot always forecast future growth and performance, and many external factors are at play. For example, an epidemic can impact the economy. While a lot is not in our control, we can control our entry and exit prices. And investing in a value stock is one of the best ways to enter and exit the market. Unlike simply timing the market, value stocks are easier to manage because they are already undervalued. How to determine if a stock is a value... --- ### What are dynamic bond debt mutual funds? > Dynamic bond mutual funds invest in fixed-income securities to profit from interest rate movements. Read this to learn about them. - Published: 2023-03-17 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-dynamic-bond-debt-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: dynamic fund, mutual funds Dynamic bond debt mutual funds are mutual funds that invest in fixed-income securities with varying maturities. These mutual funds are managed by a professional fund manager who looks for interest rate movements to profit from. This article will discuss dynamic bond debt mutual funds, how they work, and factors to consider before investing. What are dynamic bond debt mutual funds? Dynamic bond debt mutual funds are mutual funds that invest in fixed-income securities of varying maturities. The securities may be bonds, debentures, or government securities. The term “dynamic” is in reference to the flexibility to invest in securities with different maturities. The choice depends on the fund manager’s view of interest rate movements in the market. The fund manager can choose between long-term and short-term debt securities, depending on the investment objective. These mutual funds work best for investors looking to invest in fixed-income securities but are keen to get higher returns than traditional fixed deposit or savings accounts offer. How do dynamic funds work? The fund managers decide which fixed-income securities with varying maturities to invest in. The investment decision is based on their view of interest rate movements. When interest rates are expected to rise, the fund manager may invest in short-term debt securities. On the other hand, when interest rates are expected to fall, the fund manager may invest in long-term debt securities. The investment decision is also influenced by the fund’s investment objective, the investors’ risk appetites, and the prevailing economic conditions. Dynamic bond debt mutual... --- ### What is a hedge fund? Examples, types, and strategies > What is a hedge fund? A hedge fund is much like a giant piggy bank in which some rich people and organizations invest their money. Read on - Published: 2023-03-17 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-hedge-fund-examples-types-and-strategies/ - Categories: Mutual Funds, Personal Finance - Tags: hedge fund, types of hedge funds Most of us have heard about hedge funds but lack a real understanding of the term due to their rather complex structure. Put simply, hedge funds are investment funds that pool money from wealthy individuals, institutional investors, and high-net-worth individuals and invest in various financial instruments and strategies. The objective of a hedge fund is to generate high returns for its investors. Professional investment managers use complex strategies and instruments to maximize returns. This blog post will discuss some of these concepts in an easy, relatable way. Understanding hedge funds Hedge funds target sophisticated investors who are willing to take higher risks in exchange for the potential of higher returns. But unlike traditional investment funds, hedge funds are typically not subject to the same regulations as mutual funds or other investment vehicles, allowing them greater flexibility in pursuing higher returns. However, this also means that hedge funds can be riskier and more complex than traditional investments and may not be suitable for all investors. Because of their high minimum investment requirements, hedge funds are usually only available to accredited investors who meet certain income and net worth requirements. Additionally, hedge funds often charge high management and performance fees, which can reduce investor returns. What are the types of hedge funds? Hedge funds come in all shapes and sizes. Depending on their risk and return profile, a hedge fund may be categorized broadly into five different categories. Domestic hedge funds Domestic hedge funds invest primarily in domestic markets, meaning they are... --- ### Can index funds help in portfolio diversification? > Portfolio diversification is one of the primary benefits of investing in index funds. Read on to learn how index funds can help you. - Published: 2023-03-17 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/can-index-funds-help-in-portfolio-diversification/ - Categories: Mutual Funds, Personal Finance - Tags: index funds, mutual fund Investing in financial markets can be overwhelming, especially for novice investors. Investment options include individual stocks, mutual funds, and exchange-traded funds (ETFs). Index funds that mimic the performance of specific financial market indexes are becoming increasingly popular because of their low costs and passive management style. This article will focus on how index funds can help in portfolio diversification. What is a mutual fund? A mutual fund is an investment vehicle that pools money from various investors to invest in a portfolio of securities, such as stocks, bonds, and other assets. Professional portfolio managers oversee mutual funds and decide which securities to buy and sell based on the fund's investment objectives. What are some of the dangers of investing in mutual funds? While mutual funds offer investors a diversified portfolio of securities, they come with some risks. One of the biggest risks is that the fund's portfolio may underperform the market, resulting in lower returns for investors. Besides, mutual funds can come with high fees, such as management fees, sales charges, and redemption fees, which can eat into investors' returns. What are some common misconceptions about investing in mutual funds? One of the most common misconceptions about mutual funds is that they are a safe investment option. While mutual funds offer diversification and professional management, they still carry market and inflation risks. Another misconception is that all mutual funds are created equal. Each fund has its own investment objectives, management style, and fees. What are index funds? An index fund... --- ### What are quant based mutual funds? > Quant mutual funds use mathematical models and algorithms to identify investment opportunities. Learn more about them here. - Published: 2023-03-17 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-quant-based-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, quant mutual funds Historically, many quant funds have delivered attractive returns to investors, often outperforming the broader market. Investors can benefit from quant mutual funds’ ability to analyze vast amounts of data, identify patterns and trends, and make informed investment decisions based on mathematical models and algorithms. Quantitative mutual funds use computer algorithms and mathematical models to select stocks for the portfolio. The algorithms factor in company earnings, financial ratios, and market trends to identify the best stocks to buy and sell. All about quant based mutual funds Quantitative mutual funds, also known as quant funds, are actively managed mutual funds that use mathematical models and algorithms to analyze financial data and identify investment opportunities. Unlike traditional mutual funds, which rely on the expertise of a fund manager to select securities, quant funds use quantitative analysis to make investment decisions. Quant funds: Mechanism The process of quantitative investing involves three key components: an input system, a forecasting engine, and the construction of a portfolio. The input system gathers financial data from various sources, such as financial statements and market data. It then analyzes data using statistical techniques to identify trends and patterns. The forecasting engine uses this data to predict future market movements and identify potential investment opportunities. The engine uses various methods to make these predictions, including regression analysis, time series analysis, and machine learning. Finally, the portfolio construction process involves selecting securities based on the predictions made by the forecasting engine. The periodical rebalancing of the portfolio ensures that it continues... --- ### What are the best ways to find undervalued stocks? > Learn how to find undervalued stocks that are trading at a lower price than their perceived intrinsic value. - Published: 2023-03-17 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-the-best-ways-to-find-undervalued-stocks/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, undervalued stocks In the crypto world, Bitcoin ranks among the most expensive crypto assets. Yet, affordable, lucrative investment opportunities that can deliver handsome returns lurk in the market. Likewise, you can find several beaten-down stocks in the market that can outperform in the long term. Finding undervalued stocks that could perform better either in the short-term or long-term will help you make profits. What are undervalued stocks? Undervalued stocks are stocks that are trading at a lower price than their perceived intrinsic value. In other words, the stock price does not accurately reflect the company's financial performance, growth prospects, or other factors that could impact its long-term value. It is important to distinguish between undervalued stocks that offer potential for appreciation and penny stocks that are cheap but risky. Why do stocks become undervalued? Stocks can become undervalued owing to a variety of reasons but mostly linked to the supply- demand and market sentiment. The stock market is driven in part by investor sentiment, and if investors feel pessimistic about a particular company or industry, the stock price may decline even if the company's financial performance is strong. It is also likely that a company may be experiencing short-term issues, such as a dip in earnings or a temporary supply chain disruption that has caused the stock price to decline, even if the company's long-term prospects remain bright. Besides, there are several stocks that remain out of the reach of analyst coverages that can offer a better bang for the buck. These... --- ### What is the head and shoulders pattern? > Head and shoulders pattern shows a bullish-to-bearish trend reversal, indicating an upward trend is closing. - Published: 2023-03-17 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-head-and-shoulders-pattern/ - Categories: Indian Stocks, Personal Finance - Tags: head and shoulders pattern, indian stocks The head and shoulders pattern is a common and easy-to-spot technical analysis pattern that depicts a baseline with three peaks, with the highest center peak. The head-and-shoulders chart shows a bullish-to-bearish trend reversal and indicates an upward trend is closing. Traders and investors can use the pattern because it occurs in all timeframes. The chart pattern offers significant and readily visible levels for entry levels, stop levels, and price targets, making the formation simple to implement. Understanding the head-and-shoulders pattern A head-and-shoulders pattern is a chart formation in technical analysis to suggest a price reversal in security. Historical pricing feeds the technical indicator and investors and analysts frequently use it to determine if a downward tendency is probable. Analysts often use the chart for stocks, but also for trading in forex, commodities, and crypto. A head-and-shoulders pattern typically consists of an initial rally to a peak (the first shoulder), followed by a brief decline, which is then followed by another rally to an even higher peak (the head), after which the stock briefly declines before rallying to a third peak at roughly the same level as the first (the second shoulder). This third peak (and second shoulder) theoretically shows the beginning of a bearish breakdown or a long decline in an asset's price. Some investors and analysts use technical analysis and indicators like the head-and-shoulders pattern to analyze price movements, particularly during periods of high volatility and occasionally when there isn’t any news that could influence a company's stock price.... --- ### What are active stocks? > Active stocks is like common stock, but they are more heavily traded on a daily basis. Read this to learn all about them. - Published: 2023-03-17 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-active-stocks/ - Categories: Indian Stocks, Personal Finance - Tags: active stocks To make proper investments, we need to understand investments in detail. In this article, we look at one investment, active stocks. Understanding active stocks A stock represents partial ownership in a company listed on a stock exchange. However, stocks can be classified into various types. Active stock is one type. Active stocks have the same features as any other common stock, except they are heavily traded daily. Let’s understand why these stocks are important from an investor’s perspective. What are active stocks? Stocks bought and sold in large numbers daily are known as active stocks. These stocks generally have huge trading volume and low bid-ask spread. Often, these stocks belong to blue-chip companies or those that are part of an index like Nifty or Sensex, but this is not an exclusive feature. Companies with many outstanding shares are often part of this stock list. Having many shares available for trading allows an investor to trade easily. There is no yardstick or fixed parameter to decide which stock can be classified as active. But you can identify them by looking at the average trading volume and price fluctuations. Financial websites also post a list of the most active stocks daily. How are these stocks different from passive stocks? Unlike these stocks, which are frequently bought and sold and have a huge trading volume, passive stocks have a low trading volume. The price of passive stocks changes only a few times or even once during the entire day-trading period. Here are some... --- ### Web 3.0’s potential to revolutionize the current financial system > Web 3.0 has tremendous potential to revolutionize the current financial system. How is it doing this? Read this article to find out. - Published: 2023-03-16 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/web-3-0s-potential-to-revolutionize-the-current-financial-system/ - Categories: Crypto - Tags: DeFi, financial system, web3 In an age where the trust in centralized financial systems is fast eroding, Web 3. 0 is emerging as an alternative. The decentralized web of Web 3. 0 is built on technologies such as blockchain. Web 3. 0 has the potential to significantly alter the course of the future of banking, insurance, and many other industries. In this article, we explore the potential of Web 3. 0 to revolutionize the current financial system. Introduction to Web 3. 0 Web 3. 0 is the next generation of the internet. It aims to overcome some of the limitations of the current version, Web 2. 0. Decentralized technologies, such as blockchain, characterize the new version. The decentralized nature of Web 3. 0 means that data is stored across a network of nodes rather than on a centralized server. So it allows for a more secure, private, and transparent internet experience. Web 3. 0 also aims to create a more user-centric web experience, giving users greater control over their data and privacy. In addition, it brings in decentralized applications (dApps). With these apps, businesses and economic entities enjoy greater transparency and accountability. Web 3. 0 is being developed to create a more decentralized, secure, and user-centric internet. The aim is to better meet the needs of individuals and businesses in an increasingly digital world. Definition and key characteristics When the internet inventor, Tim Berners-Lee, referred to the semantic web as a component of the internet, the world got a sketchy preview of Web 3.... --- ### How to protect your Demat account from fraud > Understand the security features of your Demat account and ways to protect yourself from demat account fraud. - Published: 2023-03-16 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-protect-your-demat-account-from-fraud/ - Categories: Indian Stocks, Personal Finance - Tags: demat account, fraud, indian stocks, security The increasing use of online transactions has made our lives easier. However, it has also given rise to cyber frauds, including those related to Demat accounts. A Demat account is an account that holds securities like shares, bonds, and mutual funds in an electronic form. The Securities and Exchange Board of India (SEBI) mandates that all shares in India be held in this type of account. Therefore, knowing how to protect your Demat account from fraud is essential. Protecting a Demat account from fraud Fraudsters can use various methods to steal your shares and securities. A Demat account fraud is one of them. It may involve unauthorized trading, identity theft, hacking, phishing, or fraudulent transactions. Therefore, it is crucial to know how to protect your account. But to do that, you first need to understand how its security features work. Understanding the Demat account and its security features Demat accounts are held with a depository participant (DP). This is the registered intermediary of the depository. The depository is the organization that holds securities in an electronic form. These accounts have several security features, such as two-factor authentication, a digital signature, and a unique client code. Two-factor authentication is a security step where the user has to authenticate a transaction in two ways to verify their identity. The first is usually a password; the second may be a one-time password (OTP) sent to the registered mobile number or email address. A digital signature is another security option for these accounts. It... --- ### How to level up StepN NFT sneakers > StepN NFT sneakers encourage carbon neutrality and donate profits to combat climate change. Learn more about them. - Published: 2023-03-16 - Modified: 2023-09-19 - URL: https://coinswitch.co/switch/crypto/how-to-level-up-stepn-nft-sneakers/ - Categories: Crypto - Tags: crypto, NFT sneakers, sneakers, stepn Can blockchains have a real-life impact? That’s a question that has intrigued many. Crypto and Web 3. 0 enthusiasts would say a resounding yes. But where’s the proof? StepN NFT sneakers are one of the many projects to demonstrate the impact. In this article, we explore StepN NFT sneakers and how one can level up profits as we commit to healing the earth. Introduction to StepN NFT sneakers StepN NFT sneakers is a blockchain project based on a simple game. The promise of this project is the rewards it brings for players while encouraging carbon neutrality. The project's white paper claims to donate the profits to carbon removal. The game hinges on the idea of helping combat climate change—something that is sorely needed. Understanding the concept of NFT sneakers StepN NFT sneakers is a limited-edition NFT collection created by the footwear brand RTFKT Studios in collaboration with the NFT marketplace SuperRare. The sneaker's digital collectibles that comprise the collection feature unique and highly detailed designs. They are meant for virtual environments, such as games or a metaverse. The NFT format of the sneakers helps establish proof of ownership and authenticity. An overview of StepN NFT sneakers The StepN NFT Sneakers were sold through a series of online auctions. Some pairs have fetched prices of over $10,000. The collection has garnered significant attention from the NFT and sneaker communities. It is considered a groundbreaking example of the potential uses of NFTs in the fashion and collectibles industries. Building a StepN NFT... --- ### The role of Cardano in promoting sustainability and environmental awareness > Cardano plays a key role in promoting sustainability and environmental awareness. In this article, we look at Cardano's contribution. - Published: 2023-03-16 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/cardano-promoting-sustainability-and-environmental-awareness/ - Categories: Crypto - Tags: blockchain, cardano, ecofriendliness, sustainability Blockchain can solve many of the world’s problems. With decentralized finance, people enjoy better lending and equitable finance. Blockchains can also democratize information access, improve supply chain management, and so much more. However, environmental concerns impede the growth and adoption of blockchain technology. Is there any way to overcome this issue? Yes, there is. And Cardano is one of the players that has taken the lead. This article explores how Cardano plays a key role in promoting sustainability and environmental awareness. Blockchain and energy usage One of the biggest problems confronting blockchain technology today is the high energy consumption of crypto mining. Mining is an essential part of one of the most popular consensus mechanisms. While it is a great innovation and allows us to imagine a decentralized world, mining requires significant electricity. That’s because they rely on the computational power of a network of cryptos. As a result of this high energy consumption of mining cryptos, many have raised concerns about the environmental impact of blockchains. For instance, the energy consumption of the world’s largest crypto, Bitcoin, is the equivalent of a small country. And its carbon footprint is comparable to that of a large city. This has led to criticism of the crypto industry and calls for more energy-efficient alternatives. There have been various proposals to make the PoW consensus mechanism more energy-efficient. Some have tried using alternative hashing algorithms or adjusting the mining difficulty algorithm. However, these solutions have not yet been widely adopted, and whether they... --- ### Polygon vs. Ethereum: Which crypto is better? > Ethereum and Polygon are related cryptos. Read on to learn more about these two top cryptos and find out which crypto is better for you. - Published: 2023-03-16 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/polygon-vs-ethereum-which-crypto-is-better/ - Categories: Crypto - Tags: Ethereum (ETH), Polygon (MATIC), Polygon vs. Ethereum Ethereum and Polygon are related cryptos. Polygon was created on the Ethereum blockchain network. So does that mean Ethereum controls Polygon? On the contrary. Keep reading if you want to learn more about this and determine which crypto is better for you. What is Ethereum? Let us begin by breaking down what Ethereum is. Ethereum is a blockchain network—like the Bitcoin network. Programmer Vitalik Buterin conceived the idea of Ethereum in 2013. And the network officially saw the light of day on 30 July 2015. However, unlike Bitcoin, Ethereum allows programmers to write smart contracts and design and operate decentralized applications (dApps). Also, there are no miners on the Ethereum network, although a network of computers runs it. Instead of mining, the computer users stake tokens on the network to earn the right to verify a transaction. When any staker successfully verifies a transaction, they receive a staking fee. Ethereum has many plusses, but the increasing adoption and uses have led to network congestion and high transaction fees. That’s where Polygon comes in. What is Polygon? Polygon’s story begins two years later. Sometime in 2017, four Mumbai-based software engineers launched the MATIC network (currently called Polygon). They aimed to create a Layer-2 scaling solution for Ethereum. That means Polygon was built on top of Ethereum and helps it improve scalability and usability. Polygon does this by offering faster and cheaper transactions. But does it manage to do so? By using a modified version of Ethereum’s Proof of Stake (PoS) consensus... --- ### The role of PoS in the implementation of blockchain technology > Proof of Stake (PoS) is a mechanism in blockchain tech that validates transactions. Read all about it here. - Published: 2023-03-16 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/the-role-of-pos-in-blockchain-technology/ - Categories: Crypto - Tags: consensus mechanism, pos, proof of stake Blockchain technology is one of the ways in which a decentralized ledger called a blockchain is set up. And different kinds of algorithms or consensus mechanisms can be used to set up the blockchain’s operations. Proof of Stake (PoS) is one of them. Like other consensus mechanisms in blockchain technology, it validates transactions and creates new blocks. A 2012 paper by Sunny King and Scott Nadal introduced the concept of PoS for the Peercoin crypto. Since then, many other cryptos—including Ethereum, Cardano, and Polkadot—have adopted it. Understanding Proof of Stake (PoS) in blockchain technology POS was introduced as an alternative to the widely used Proof of Work (PoW) mechanism. PoW facilitates the validation of transactions on the network by getting participants to compete for the chance to do it. To motivate them to compete, they are given crypto rewards. The competition called mining involves solving complex mathematical problems using computational power. On the other hand, the validators of transactions on PoS engage in a process called staking. With staking, participants must stake or deposit crypto on smart contracts to establish credibility. When a stalker is chosen depends on the amount of crypto they stake as collateral. Since the first research paper in 2012, many networks have adopted PoS. One of the key advantages of this system is its energy efficiency compared to PoW. PoW’s mining process requires a significant amount of computational power and electricity. PoS, on the other hand, requires validators to hold a certain amount of crypto and... --- ### Web 3.0's impact on crypto exchanges and trading > The advent of Web 3.0 will likely impact crypto assets and exchanges. Learn about Web 3.0's impact on crypto exchanges. - Published: 2023-03-16 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/web-3-0s-impact-on-crypto-exchanges-and-trading/ - Categories: Crypto - Tags: Crypto exchanges, Web 3 The internet is at the cusp of a major revolution with the advent of Web 3. 0. The web, as we knew it was a place to read articles, watch videos, listen to podcasts, and exchange information of all sorts. With Web 3. 0, it gets more interactive, transmitting data in a more human-like manner. The revolution will likely impact crypto assets and the exchanges providing such services. Let us discuss the impact of Web 3. 0 on crypto exchanges. Introduction to Web 3. 0 Web 3. 0, also known as the decentralized web, is the next iteration of the internet to create a more decentralized and secure online environment. Web 2. 0 primarily focuses on user-generated content and social networking. , However, Web 3. 0 leverages technologies like blockchain, decentralized applications (dApps), and smart contracts to provide users greater control, privacy, and security. The decentralized nature of Web 3. 0 also facilitates the creation of decentralized finance (DeFi) applications and crypto assets. Understanding the concept of Web 3. 0 Web 3. 0 is a decentralized web that seeks to eliminate the need for intermediaries and provide users with greater control and security. The concept of Web 3. 0 rests on the foundation of blockchain technology, which enables the creation of trustless and decentralized systems. With Web 3. 0, users can create and interact with decentralized applications that operate independently of centralized servers, reducing the risk of censorship and hacking. Want to know about the differences and similarities between Web... --- ### The role of decentralized applications (dApps) in Web 3.0 > Decentralized applications, or dApps, are software applications that operate on a decentralized network. Read to learn more. - Published: 2023-03-16 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/the-role-of-decentralized-applications-dapps-in-web-3-0/ - Categories: Crypto - Tags: dApps, dApps in Web 3.0, DeFi We have all heard how Decentralized Finance (DeFi) could unlock a new future. A future where information access is symmetrical and communicating with a machine is as interactive as dealing with a human. For perspective, DeFi is closely related to the Web 3. 0 ecosystem and comes under the broad umbrella of decentralized applications or dApps. In this article, we will explore the role of dApps in Web 3. 0. What are decentralized applications (dApps)? Decentralized applications, or dApps, are software applications that operate on a decentralized network. No single entity controls them, but a network of nodes maintains the application. dApps are typically built on top of a blockchain platform like Ethereum. They facilitate various functions, including financial transactions, voting, and supply chain management. Advantages and disadvantages of dApps Organizations and governments can leverage decentralized apps in building a new Web 3. 0. Since dApps don’t have a central controlling authority, they are less vulnerable to censorship and more resistant to hacking and other forms of attack. dApps ensure transparency since they function on top of a public blockchain. All transactions and data stored on the network are transparent; anyone can verify them. Organizations can also provide an element of security like never before since dApps use advanced cryptographic techniques to ensure that transactions and data are secure and do not get tampered with. Ultimately, the most significant benefit of dApps is the ability to build trust. dApps are trustless, meaning users do not have to rely on intermediaries... --- ### The process of creating NFTs through minting in blockchain > NFT minting refers to creating a unique digital asset. The article will delve into the process of creating, storing, and distributing NFTs. - Published: 2023-03-16 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/the-process-of-creating-nfts-through-minting-in-blockchain/ - Categories: Crypto - Tags: NFT minting, NFTs NFTs (Non-Fungible Tokens) have been hogging the headlines recently, revolutionizing how we own and trade digital assets. The unique characteristics of NFTs, such as their non-replicability and ownership proof, have made them attractive to collectors and investors alike. Minting NFT is the process of creating NFTs using blockchain technology. The article will delve into the process of creating, storing, and distributing NFTs. Introduction to NFT minting NFT minting refers to creating a unique digital asset that cannot be replicated, transferred, or duplicated. One can create NFTs on blockchain networks, which provide a secure and decentralized platform for minting, storing, and trading NFTs. NFT minting involves creating a digital asset, usually a piece of art, music, video, or other media, and registering it on a blockchain network. The newly minted NFT becomes a unique and verifiable digital asset to buy, sell, or trade on blockchain marketplaces. Understanding NFTs and minting in blockchain Each NFT is unique and cannot be replicated or transferred, making it a valuable asset for collectors and investors. Once minted, the NFT is assigned a unique identifier, a proof of ownership and authenticity. The concept of minting Blockchain technology is a technology that enables the conduct of secure and transparent transactions. Because of the transparency, this technology does not need to rely on middlemen such as banks. An NFT is an asset that a blockchain can store and safely transfer. NFTs are digital assets that can be owned and traded, much like traditional physical assets. And they come... --- ### Understanding the security of crypto transactions in gaming > Security in crypto games is a hot topic. It enables you to earn crypto rewards securely. Read to learn more. - Published: 2023-03-16 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/crypto/understanding-the-security-of-crypto-transactions-in-gaming/ - Categories: Crypto - Tags: Crypto transactions, Gaming There is no denying that crypto has altered our perception of financial investments. However, blockchain-based innovation is also changing how we perform our daily tasks. For instance, crypto games have upended the gaming industry. Gamers already use it to buy virtual products, pay for online services, and even receive awards for in-game accomplishments. This article will focus on the security of crypto transactions in gaming. Introduction to crypto security in gaming Security in crypto gaming is a hot topic. It enables you to earn crypto rewards securely. Yet, issues like malware need tackling. Even simple errors can set you back thousands of rupees. You can mitigate risks to crypto gaming with proper information. Overview of crypto in gaming Crypto gaming combines crypto, betting, and internet casino games. This implies that you can bet using crypto such as Bitcoin, Ethereum, and Dogecoin instead of traditional fiat currency. By playing and winning a game, crypto gamers can acquire nonfungible tokens (NFTs) or crypto, and those digital assets become the gamer's property. In many instances, one can exchange digital tokens obtained in-game for stablecoins through centralized or decentralized crypto exchanges. Importance of transaction security Blockchain technology established a secure digital ledger for crypto transactions, keeping hackers at bay. However, it is still vulnerable to attacks from hackers and cyberattacks. In the crypto world, a financial loss resulting from a security lapse is money lost forever. Hence, the importance of security in crypto games. Risks and threats to crypto transactions in gaming It is... --- ### Understanding the role of NFTs in the travel industry > The travel industry is exploring the potential role of NFTs, their applications, benefits, challenges, and potential future. - Published: 2023-03-16 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/understanding-the-role-of-nfts-in-the-travel-industry/ - Categories: Crypto - Tags: crypto, NFT, travel industry The travel industry has always been at the forefront of innovation, with companies constantly looking for new ways to enhance the customer experience and improve business operations. In recent years, the rise of blockchain technology has opened up a whole new realm of possibilities for the industry, and the emergence of non-fungible tokens (NFTs) has sparked a new wave of interest. But first, one should understand what NFTs are, to begin with. In this article, we will explore the role of NFTs in the travel industry, their applications, benefits, challenges, and potential future. NFTs in the travel industry NFTs are unique digital assets stored on a blockchain, making them immutable and traceable. You can use them to represent anything from art to music to collectibles; their scarcity and authenticity determine their value.   In the travel industry, NFTs have the potential to revolutionize the way we book and experience travel. Introduction NFTs in the travel industry provide an immutable and transparent record of travel-related assets, such as flight tickets, hotel bookings, and tour packages. This can greatly enhance the security and traceability of these assets, reducing the risk of fraud and improving the customer experience. Applications of NFTs in the travel industry NFTs have several applications. One can use NFTs to represent travel-related assets, as seen above. Besides, travel firms can use NFTs to reward travelers who undertake and complete certain activities and visit designated places. Rewards can be simple things such as discounts. Benefits of NFTs for the travel... --- ### Trading bots: The importance of algorithm bots in crypto trading > Crypto trading bot is an automated computer program that trades crypto across multiple platforms. Read this blog to know more. - Published: 2023-03-16 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/trading-bots-the-importance-of-algorithm-bots-in-crypto-trading/ - Categories: Crypto - Tags: crypto, trading bots Crypto trading may seem challenging. Even experienced investors would sometimes find it hard to make informed trading decisions. They say traders should set aside their emotions to make sound decisions. Fortunately, there is an easy way out—a crypto trading bot. When properly configured, crypto trading bots can deliver impressive returns while requiring less effort from the investor. Let's discuss what they are and how they work. What are crypto trading bots? Crypto trading bots are automated trading systems that facilitate crypto trading by simplifying the investing process. They are well-systematized and hardly make errors. Bots work out well for the crypto market, which is known for wild price swings. Crypto trading bots follow a basic principle. They are software programs that use artificial intelligence to perform functions based on predefined criteria. There will be no more missed trades or opportunities. Bots will help you invest in the most undervalued crypto or to add additional crypto coins to your portfolio. Besides, they help you buy, sell, or hold assets quickly and efficiently at any time of the day or night. How do crypto trading bots work? Most trading bots share a few common characteristics: Market data analysis: The bot module will save and interpret raw market data from various sources. It will also decide whether to buy or sell a specific crypto asset. Market risk prediction: Unlike other bots, these use market data to calculate the market's potential risk. Buying/selling assets: The bot module employs APIs (Application Programming Interface) to systematically... --- ### How to make money with NFTs > Every crypto-curious person has one question in mind: How to make money with NFT? This blog will answer some of the questions. Read on. - Published: 2023-03-15 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-to-make-money-with-nfts/ - Categories: Crypto - Tags: crypto, NFTs Think of crypto, and the first thing that comes to mind is Bitcoin, the pioneering crypto that set the ball rolling more than a decade back. Yet, its price ($24,808 and INR 20,45,993. 67 as of 15 March) is daunting and outrageously out of reach for most investors. With the difficulty of mining, the chance of obtaining that one Bitcoin has turned bleak. For creative heads, however, there is an excellent avenue to make money, non-fungible tokens (NFTs). In this article, we will explain how to make money with NFT. Introduction to NFTs and how to make money with NFT NFTs are unique digital assets representing ownership of a specific item or content, such as artwork, music, or video. Unlike crypto like Bitcoin or Ether, which are fungible and can be exchanged for one another, each NFT is unique and cannot be exchanged for another NFT. NFTs are created and stored on a blockchain, which is a decentralized digital ledger that records transactions and ownership of the NFT. The blockchain provides a secure and transparent way to verify the ownership and authenticity of the NFT, which can be transferred and traded between parties. Understanding NFTs and their purpose NFTs have gained popularity in recent years, particularly in the art world, where they help to sell digital artwork for millions of dollars. The unique nature of NFTs makes them particularly attractive to collectors and investors, who are willing to pay a premium for rare and unique digital assets. Besides art, NFTs... --- ### Is Ethereum (ETH) a good investment? > Ethereum price has skyrocketed over the years. Let us check out what makes Ethereum a good investment to grow your wealth. - Published: 2023-03-15 - Modified: 2023-06-13 - URL: https://coinswitch.co/switch/crypto/is-ethereum-eth-a-good-investment/ - Categories: Crypto - Tags: crypto, ethereum price, investment Ethereum price has skyrocketed over the years. Had you invested ₹6,000 in one Ether in December 2018, your investment would have easily grown 12 times today’s market price. In the world of investment, we often undermine such opportunities as risky bets. What if there is a logic with such investments? Today, we introspect if Ethereum is a good investment for you to grow money. Why has the ETH price risen recently? To those who have just observed the graph of Ethereum, tracking its momentum gives one an aura of surprise. After all, Ethereum as a crypto played like a second fiddle to Bitcoin which had caught the market frenzy. Over the course of time, however, blockchain enthusiasts realized the importance of the Ethereum network and its usability factor. Ethereum has become increasingly popular among developers and businesses looking to build decentralized applications (dApps) and smart contracts on its blockchain. This has led to increased demand for ETH, which has driven up its price. In the last 10 years, Ethereum prices have sky-rocketed by 200x and captured the imagination of everyone right from novice programmers to decentralized finance (DeFi) specialists. What influences Ethereum price? Besides improved usage, a series of upgrades and improvements also gave a boost to Ethereum prices. The transition to the Proof of Stake (PoS) consensus mechanism and the implementation of Ethereum Improvement Proposals (EIPs) enhance the network's functionality. Such upgrades boost confidence in the platform, leading to increased demand for ETH. Of course, volatile market sentiments and... --- ### Load vs. No-load mutual fund: What's the difference? > Learn what are load and no load mutual funds, definiton, differences, how they work, and reasons to buy them. - Published: 2023-03-15 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/load-vs-no-load-mutual-fund-whats-the-difference/ - Categories: Mutual Funds, Personal Finance - Tags: load fund, mutual fund A load-based mutual fund provides a lucrative opportunity for brokers. The amount may be over and above the broker fees that one could charge clients and is a component of the underlying mutual fund. In this article, we explore how the load is calculated and what sort of risk measures an investor should look at while evaluating such mutual funds for investment. Load funds can be an attractive option for brokers and financial advisors because they provide a way to earn a commission for their services. However, investors should be aware of the costs associated with load funds and carefully consider if the benefits of working with a broker or advisor justify the additional fees and expenses. Investors need to research and compare the costs and performance of different mutual funds before making an investment decision. What is a load fund, and how does it work? Mutual fund brokers charge a load to earn a commission for their services. When investors buy or sell shares in a load fund, they pay a fee, a percentage of the investment amount. The fee is typically paid to the broker or financial advisor who helps the investor buy or sell the shares. The fee is in addition to the management fees and other expenses the mutual fund charges. A load fund is a mutual fund that charges a commission or fee, known as a "load," for buying or selling shares. Brokers or financial advisors sell load funds and receive a portion of the... --- ### Mutual fund taxation: How are mutual funds taxed? > Investors have only a basic understanding of tax on mutual funds. This blog post will give you a ringside view of the topic. Read on. - Published: 2023-03-15 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/mutual-fund-taxation-how-are-mutual-funds-taxed/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, tax Mutual funds are popular investment vehicles that help investors generate inflation-adjusted returns over time. Yet, investors have only a basic understanding of tax on mutual funds. This blog post will give you a ringside view of the topic. Let’s dig in. What is tax on mutual funds? Tax on mutual funds is the tax investors pay on their mutual fund investments. The tax applies to capital gains from selling the mutual fund units. Capital gains can be classified as short-term capital gains if the units are held for less than a year or long-term if they are held for more than a year. The investor must pay tax according to his slab rate for short-term capital gains, while the tax rate for long-term capital gains is generally lower. Investors must report their mutual fund capital gains in their income tax return and pay the applicable tax amount. Factors to determine the tax on mutual funds The holding period plays a crucial role among all the factors determining the mutual fund tax. If you hold the units for less than a year, short-term capital gains will apply, while long-term capital gains will apply for holdings above a year. The tax rate also depends on the type of mutual fund. The long-term capital gains tax rate for equity mutual funds is currently 10%, while for debt mutual funds, it is 20% after the indexation benefit. Capital gain is the difference between the selling and purchase prices of mutual fund units. The tax... --- ### Decentraland NFT marketplace and how it’s changing the gaming industry > Decentraland NFT marketplace is a platform that allows users to create and share their own games, applications, and experiences. Read on. - Published: 2023-03-14 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/decentraland-nft-marketplace-and-the-gaming-industry/ - Categories: Crypto - Tags: Decentraland, Decentraland NFT marketplace, Gaming, NFT marketplace When a little-known marketplace registered a transaction worth 1. 3 million tokens in 2019, it became an overnight sensation. The virtual marketplace we are talking about is the Decentraland NFT marketplace, and the Non-Fungible Token (NFT) in question was “The Secrets of Satoshi’s Tea Garden. ” In this article, we look at how since then, Decentraland has become one of the go-to NFT marketplaces, changing the course of the gaming industry. Decentraland NFT marketplace Decentraland is a platform that allows users to create and share their games, applications, and experiences rather than providing pre-built games. It was created to help users monetize their virtual creations and assets. The marketplace officially opened to the public in February 2021. Introduction to the Decentraland NFT marketplace The Decentraland NFT marketplace is a virtual world platform that allows users to buy, sell, and trade NFTs. These NFTs represent unique digital assets such as virtual real estate, wearables, and artworks. Users can purchase NFTs using MANA, Decentraland’s native crypto. The platform’s virtual world is accessible via an easy-to-use interface. And there are guides and tutorials to help users get started. The Dentraland universe is built and lives on the Ethereum blockchain. Key features and characteristics of the Decentraland NFT marketplace Various features and characteristics make Decentraland stand apart from other NFT marketplaces. To begin with, the Decentraland NFT marketplace allows users to buy, sell, and trade virtual real estate developed within the virtual world. The platform also equips creating and monetizing one’s content using an... --- ### Filecoin network security: The measures the protocol takes to protect data > Filecoin is a decentralized storage platform. In this article, we explore how Filecoin works and its network security. - Published: 2023-03-14 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/filecoin-network-security-measures/ - Categories: Crypto - Tags: filecoin, security Does Google keep reminding you that your storage space is full? If yes, well, then you know the value of storage space. That’s why Filecoin lets you use unused storage you may have to make money. In this article, we explore Filecoin and its network security. Introduction to Filecoin Network Security Filecoin is a decentralized storage platform. Being a blockchain platform, it is designed to be secure, scalable, and reliable. However, like any other platform of this type, Filecoin, too, is vulnerable to various security threats. The Filecoin protocol is based on the InterPlanetary File System (IPFS), a peer-to-peer distributed file system. The IPFS protocol, designed by the same folks behind Filecoin, allows users to store and retrieve files in a decentralized manner. But it does this by using a content-addressed system. So when a user uploads a file to the IPFS network, the file is split into small chunks and distributed across the network. Each chunk is then encrypted and stored on multiple nodes. This ensures that the file is always available even if some nodes fail. The Filecoin protocol, on the other hand, introduces a new incentive system for storage. It creates a storage system that runs on a network of computers. These computers act as storage providers. Those who act as providers by renting out unused storage space can earn FIL tokens. Other users on the network can pay to store files. The Filecoin network also has a built-in marketplace that connects storage providers with users who... --- ### How to calculate the Long-Term Capital Gains (LTCG) tax on mutual funds > This article helps you understand how to calculate one type of tax—the Long-Term Capital Gains (LTCG) tax on mutual funds. - Published: 2023-03-14 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/how-to-calculate-the-long-term-capital-gains-ltcg-tax-on-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: ltcg, mutual funds, tax Capital gains refer to the profit an investor earns when selling an asset. So, for example, when you exit a mutual fund at a higher price than you originally paid for it, you will be said to have capital gains. Capital gains are a key reason why people invest in mutual funds. But with gains come taxes. This article helps you understand how to calculate one type of tax—the Long-Term Capital Gains (LTCG) tax on mutual funds. What are capital gains? Understanding capital gains is paramount for any mutual fund investor because it can affect their overall return on investment. When they sell their mutual fund shares, they may incur a capital gain or loss depending on how much the share price has changed. In the context of mutual funds, capital gains can be divided into two categories: equity mutual funds and debt mutual funds. Capital gains for equity mutual funds For equity mutual funds, capital gains occur when the fund manager sells stock in the fund portfolio for a profit. When this happens, the fund distributes the gains to the investors responsible for paying the tax on them. In general, equity mutual funds have a higher potential for capital gains (and losses) than debt mutual funds. This is due to their exposure to the stock market. Capital gains for debt mutual funds For debt mutual funds, capital gains occur when the fund manager sells a bond or other fixed-income security in the fund portfolio for a profit. Like equity... --- ### ETFs vs. Stocks: Which is a better option for investment? > ETFs and stocks are two popular investment options. Read this blog to learn which is a better option for investment. - Published: 2023-03-14 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/etfs-vs-stocks-which-is-a-better-option-for-investment/ - Categories: Indian Stocks, Personal Finance - Tags: ETF vs. Stocks, ETFs, stocks If you’re unfamiliar with finance and investments, making an investment decision can be tricky. In this blog, we discuss two popular investment options—-ETFs and stocks—which should help you make an informed decision. Understanding ETFs and stocks If you want to invest in stock markets, you have two options, exchange-traded funds (ETF) and stocks. However, making the choice is confusing, especially if you are new to the investment world. Well, the answer depends on your risk levels and to what extent you want to be involved in the investment process. Both ETFs and stocks come with their set of advantages and disadvantages. It is up to you to choose which one resonates more with you, considering your knowledge of financial markets and investing strategy. Before you decide, let's understand both in detail. What is an ETF? ETFs are just like stocks as they trade on stock exchanges. You can think of an ETF as a basket that comprises stocks, commodities, bonds, or other financial instruments. When you purchase an ETF, you buy a part of that entire basket. There are different types of ETFs available, such as: Index ETFs, which mimic an already established index like Nifty or Sensex. Sector ETFs, which invest in a particular sector like auto or energy. Inverse ETFs, which earn returns when the underlying asset’s price falls. Commodity ETFs comprise commodities like gold, silver, and crude oil. What is a stock? When a company wants to raise funds, they go to the market and issue stocks... --- ### How can we protect ourselves from crypto scams? > Crypto scams have spooked millions, raising questions about safety of crypto transactions. This blog post will discuss the topic in detail. - Published: 2023-03-14 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/how-can-we-protect-ourselves-from-crypto-scams/ - Categories: Crypto - Tags: crypto scams, safety of crypto Crypto assets have taken the financial services sector by storm. Powered by blockchain technology, the decentralized system has democratized investments and empowered millions worldwide. But despite the enablement, crypto scams have spooked millions, raising questions about the safety of crypto transactions. This blog post will discuss the topic in detail, with tips to avoid scams. How does crypto work? Crypto assets can be sold, purchased, or transacted through the use of blockchain technology, a decentralized ledger that records and verifies transactions on a network of computers. When a user sends a crypto asset to another user, the transaction is recorded on the blockchain and verified by a network of computers known as nodes. The nodes use complex algorithms to validate the transaction and ensure that the sender has sufficient funds to complete the transaction. Once a transaction is validated, it is recorded on the blockchain and becomes a permanent part of the ledger. This provides a transparent and secure way to track and verify crypto transactions. Cryptos are stored atop the blockchain network, and the private keys to access these digital assets are through a digital wallet. Users can send and receive crypto assets through their wallets and track their balance and transaction history. Since there is a fixed and often limited supply, digital assets are scarce. This holds especially true for Bitcoin, which is a major reason for its extremely high price. Tips to avoid crypto scams Consumers in the United States reportedly lost over $80 million in crypto... --- ### How do NFT sneakers make money? > NFT sneakers are a rage in the crypto world. It is a new market for digital fashion and art. We will discuss how NFT sneakers make money. - Published: 2023-03-14 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/how-do-nft-sneakers-make-money/ - Categories: Crypto - Tags: NFT, NFT sneakers Believe it or not, nonfungible token (NFT) sneakers are a rage in the crypto world. The sneaker bug has bit independent designers, artists, tailors, and collectors who are looking to create a new market for digital fashion and art. Armed with blockchain technology, these creators can actively trade in sneakers for a cool profit. Sounds enticing? This blog post will discuss how NFT sneakers make money. NFT sneakers and making money The first pair of NFT sneakers launched in 2019 was a runaway hit. The pair of sneakers was auctioned off for a cool $10,000 or 30 ETH then. The sale represented one of the earliest instances of a major brand experimenting with NFTs and digital sneakers. A company called RTFKT (pronounced artifact) developed a digital fashion brand in March 2021 to create virtual sneakers and other digital wearables for NFT collectors. Nike launched its first line of NFT sneakers, called Sneakers of the Metaverse, in collaboration with several popular NFT artists, including Ferocious and Mad Dog Jones. The sneakers came in limited editions of 10, and each was unique in its design and characteristics. In fact, Nike has apparently made $30 billion in sales in the metaverse. Introduction to NFT sneakers NFTs, like digital sneakers, represent a new way of valuing and exchanging digital assets. They allow creators and collectors to establish the ownership and authenticity of digital items in a way that was not possible before. The trend has opened up new opportunities for artists, designers, and creators... --- ### How are blockchain and cloud computing similar? > How blockchain and cloud computing are similar, and how they help in establishing a shared network that is scalable and cost-effective. - Published: 2023-03-14 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/how-are-blockchain-and-cloud-computing-similar/ - Categories: Crypto - Tags: blockchain, crypto Although cloud computing is 40 years older than blockchain, they seem alike to many laymen and crypto enthusiasts. For the uninitiated, cloud computing appeared in the 1960s, while the first blockchain paper for a peer-to-peer network was published only in October 2008. A brief explanation of blockchain and cloud computing Cloud computing refers to delivering computing services, including servers, storage, databases, networking, software, and analytics, over the internet. Blockchain is a decentralized, distributed ledger technology that enables secure and transparent recording and sharing of data across a network of computers. Each block in the chain contains a cryptographic hash of the previous block, creating a tamper-evident record that is difficult to alter. Purpose of the article The definition of cloud architecture and blockchain can often confuse the layman into believing they are synonymous. This article explains the difference between cloud and blockchain in an easy-to-understand language. Decentralized architecture Decentralized architecture refers to a system or network that operates on a distributed model, without a central point of control or authority. In a decentralized system, data and tasks are spread across multiple nodes or devices, with each node having equal authority and responsibility. This approach can provide increased security, transparency, and efficiency, as there is no single point of failure or vulnerability. Many applications like blockchain networks, peer-to-peer file sharing, and decentralized finance use decentralized architecture. Shared network resources How shared network resources operate is at the heart of this confusion between blockchain and cloud computing. Definition of shared network resources... --- ### Exploring the intersection of crypto & ChatGPT: How AI can improve trading strategies > The crypto market is highly unpredictable and volatile. ChatGPT and crypto trading bots can help improve trading strategies. - Published: 2023-03-14 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/exploring-the-intersection-of-crypto-chatgpt-how-ai-can-improve-trading-strategies/ - Categories: Crypto - Tags: ChatGPT, crypto Move over humans, technology is taking over the trading floor. It looks like even algorithmic trading is passe. If ChatGPT has disrupted the world as we knew it, can the forward-looking crypto industry be left behind? The implementation of artificial intelligence (AI) in the crypto industry has the potential to alter how we view and use virtual currencies entirely. More sophisticated technologies, such as crypto trading bots, are required to manage, trade, and protect crypto assets. AI can fulfill these requirements thanks to its capacity for processing large amounts of data and quick decision-making. Though ChatGPT’s impact on crypto is yet to be fully understood, this article attempts to do some future-gazing. Introduction to the intersection of crypto and ChatGPT We will discuss different ways ChatGPT can integrate with the crypto market. The potential of AI to revolutionize the way we trade crypto Since crypto prices can fluctuate rapidly, it is challenging for investors to plan their buy-and-sell orders. Investors may find making decisions in this fast-paced world challenging, leading to significant losses. However, algorithmic trading can help identify trends and reach decisions quicker than humans. Thus, AI has the potential to help protect investors from significant losses. AI can assist investors in arriving at better choices and lowering their exposure to loss by automating data analysis. This is especially helpful in the crypto market, where prices can be volatile, and traditional analysis methods might not be as useful. ChatGPT will provide a direct, to-the-point answer for people asking how... --- ### Busting crypto myths: It is too late to invest in Bitcoin > Crypto myths: There are many myths regarding crypto, but in this article, we bust the most popular ones you need to know. - Published: 2023-03-13 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/crypto/crypto-myths-it-is-too-late-to-invest-in-bitcoin/ - Categories: Crypto - Tags: bitcoin, crypto myths With nearly 1. 7 million odd BTCs yet to be mined of the 21 million Satoshi Nakamoto had envisaged, the big question in the world of cryptos is what will happen next? Since Bitcoins are limited by supply, wouldn’t that mean more appreciation for existing BTC holders? What if every BTC holder retained their coins as souvenirs rather than selling them? Would that mean more price appreciation? This is just one among many crypto myths that are in circulation. Besides such crazy theories, a wider audience of investors laments how they missed the train of impressive returns. Then some fence-sitters look at a graph and contemplate if they could still make money in 2023 by investing in Bitcoin. Whether Ether or Bitcoin, let’s analyze if it is too late to invest in the crypto-verse. Most popular myths about crypto Be it cryptos or any other investment like fixed deposits and stocks, no investor wants to part with their money when it involves a myth. One of the craziest myths is how every Wall Street stockbroker made millions and led a lavish life. But only a good stockbroker could answer how much money they made from selling and buying stocks and handling so many customers. Such myths are not unheard of in the crypto-verse. One of the common myths is the comparison with Ponzi schemes despite several initial coin offerings (ICOs) and crypto initiatives enabling decentralized finance. Let’s clear some common myths one may encounter while dealing with crypto. It is... --- ### 10 blockchain scaling terms you should know > How do blockchains scale up when there is a lot of traffic? Learn all about it by looking at these 10 must-know blockchain scaling terms. - Published: 2023-03-13 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/10-blockchain-scaling-terms-you-should-know/ - Categories: Crypto - Tags: blockchain scaling, crypto terms Ram and Nisha are a worried couple. A thousand guests have arrived at their wedding reception. Unfortunately, they were only expecting 500 guests. The wedding planner is losing her cool. How can they possibly serve an additional 500 guests? That too at such short notice! Ram and Nisha need to scale up to fix the problem. Sometimes, when blockchain networks get congested, they, too, need some scalability to ensure smooth functioning. Let’s understand how they achieve the ability to handle things better by looking at 10 must-know blockchain scaling terms. But first, let’s make sure we’re clear about the basics. Understanding blockchain scaling As more people start using blockchain networks, the amount of data stored on the network also increases. This leads to slower transaction times, higher fees, and reduced efficiency. Blockchain scaling is the solution to this problem. What is blockchain scaling? Blockchain scaling refers to the ability of a blockchain network to handle an increasing number of transactions or users. The key is that will it learns to do this, it must not compromise its security or decentralization. Scaling solutions aim to increase the capacity of blockchain networks to process transactions. They allow for more users to participate in the network while maintaining fast transaction speeds and low fees. Why is scaling important for blockchains? Scaling is crucial for blockchain networks. Because without it, neither would mass adoption be possible nor would many use cases. That said, implementing scaling solutions often requires trade-offs—between decentralization, security, and scalability. Types... --- ### How can ChatGPT and AI help Bitcoin and crypto users? > Can ChatGPT and AI help Bitcoin and crypto users? Yes, it can, and in a variety of ways. Learn all about them with this read - Published: 2023-03-13 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/how-can-chatgpt-and-ai-help-bitcoin-and-crypto-users/ - Categories: Crypto - Tags: ai, ChatGPT, crypto From making production more efficient to getting human beings fired, Artificial Intelligence (AI) is the talk of the town. Understandably so, though, as it has been making an impact in various fields. And the world of crypto is no exception. In this article, we look at the various ways in which ChatGPT and AI can help Bitcoin and crypto users, taking crypto to the next level. Introduction to ChatGPT and AI in crypto Despite its growing popularity, crypto is still riddled with many challenges and uncertainties. Fortunately, Artificial Intelligence (AI) has emerged as a promising solution to many of these issues. ChatGPT, a large OpenAI language model, in particular, has the potential to revolutionize the way we interact with crypto. In this article, we try to show you how. Understanding the role of AI in the crypto space and the capabilities of ChatGPT The potential applications of AI in the world of crypto are vast and varied. One of the most promising areas is the use of AI to streamline crypto transactions and management. For example, ChatGPT can be used to automate the process of buying and selling crypto. This will help make these processes faster, more efficient, and more accurate. Additionally, it can be used to manage complex crypto portfolios. It can help ease the keeping track of holdings and the making of informed decisions. Streamlining crypto transactions and management One of the significant benefits of using ChatGPT and AI in the crypto space is the ability to streamline... --- ### Crypto mining vs. crypto trading: Which is more profitable? > In this article, we will compare the profitability of crypto mining and crypto trading and explore the factors that affect it. - Published: 2023-03-13 - Modified: 2023-08-22 - URL: https://coinswitch.co/switch/crypto/crypto-mining-vs-crypto-trading-which-is-more-profitable/ - Categories: Crypto - Tags: crypto mining, crypto trading The rise of cryptos has led to people looking for ways to earn money from them. Two of the most popular ways to do so are crypto mining and crypto trading. While both methods involve crypto, they differ significantly in terms of how they generate profit. In this article, we will compare the profitability of crypto mining and crypto trading and explore the factors that affect it. Introduction to crypto mining and crypto trading Crypto mining and crypto trading are popular ways of earning crypto. First things first, let’s make sure we know what these terms mean well enough to proceed. A definition of crypto mining Crypto mining is the process of verifying transactions on a blockchain network. It involves miners competing to solve complex mathematical problems. They use specialized hardware and software for the purpose. And in return, they receive rewards in the form of crypto tokens. The amount of crypto that miners earn depends on the difficulty of the problem (mining difficulty), the hash rate of their hardware, and the current market price of the crypto. You can learn more about it here. A definition of crypto trading Crypto trading, on the other hand, involves the buying and of selling crypto on an exchange platform. Traders aim to make a profit by speculating on their price movements. They buy low and sell high or sell high and buy low, depending on their view of the market. The profit traders make depends on market volatility and the trading fees... --- ### Challenges and limitations of the Proof Of Work (PoW) and Proof Of Stake (PoS) consensus mechanisms > PoW and PoS are popular consensus mechanisms in crypto. Read this to learn about the challenges and limitations of PoW and PoS. - Published: 2023-03-13 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/challenges-and-limitations-of-proof-of-work-and-proof-of-stake/ - Categories: Crypto - Tags: consensus mechanisms, Proof Of Stake (PoS), Proof Of Work (PoW) The core idea of crypto is to create a way to verify transactions without a centralized authority. Cryptos, therefore, employ consensus mechanisms—a type of algorithm—to help with verification. Several cryptos, including Bitcoin, employ a mechanism called Proof of Work (PoW). This mechanism helps them achieve decentralization. That means they can verify transactions without a central authority. However, an increasing number of platforms—including Ethereum, Solana, Avalanche, and Cardano—now use proof of stake (PoS). However, there are challenges with both PoW and PoS. Here’s where we take stock of them. What is Proof of Work (PoW)? Bitcoin pioneered the use of PoW as a consensus mechanism. Mining is the process that PoW institutes to create new crypto and verify transactions. PoW networks require a large processing capacity. Blockchains that use this mechanism rely on miners to contribute some of their computing power. They do this by competing to solve a mathematical puzzle of some kind. The power they contribute and the work miners do help keep the network secure. But why would they agree to do it? The winner who wins and gets to update the blockchain with the most recent verified transactions receives a reward. The blockchain—which is basically a digital ledger the network maintains—is always kept up to date in this way. And since any participant on the network can check the ledger at any time, the chances of any data fudging going undetected are very low. As a crypto’s worth rises, more miners are excited to join the network.... --- ### Why is Rupee Cost Averaging important? > Rupee Cost Averaging (RCA) allows investors to invest a small, fixed sum at regular intervals. Read this to learn more about it. - Published: 2023-03-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/why-is-rupee-cost-averaging-important/ - Categories: Indian Stocks, Personal Finance - Tags: Rupee Cost Averaging As an investor, you probably want to keep making investments on an ongoing basis but find it hard to set aside large sums. Pretty much every investor struggles with this at some point or the other. That’s where Rupee Cost Averaging (RCA) comes in. What is Rupee Cost Averaging? Rupee Cost Averaging (RCA) is an investment strategy that allows investors to invest a small, fixed sum of money at regular intervals. It helps to: Minimize the impact of volatility: This process of buying into the market for fixed amounts over a period helps investors to stay invested. Buying regardless of the market price and ensuring that you don’t have to time the market helps absorb the impact of market fluctuations. Inculcate disciplined investing: Since investors invest a fixed amount at regular intervals, they are not as tempted to make impulsive decisions. A definition of Rupee Cost Averaging So, to sum up, RCA is a strategy that lets investors choose to commit to investing a fixed rupee amount at regular intervals. They can choose to invest in a particular share, bond, mutual fund, or anything else. The choice is theirs in that respect. How Rupee Cost Averaging works in investment The rupee investment amount is fixed, so the investor can get more units when the market is down. On the other hand, they get fewer units when the prices are high. In the long run, this ensures that investors are somewhat insulated from market fluctuations. Because the profits and losses average... --- ### All about DeFi loans: How does DeFi lending work? > DeFi lending transactions are based on crypto assets and executed through smart contacts with intermediaries like banks. Read on. - Published: 2023-03-13 - Modified: 2023-09-11 - URL: https://coinswitch.co/switch/crypto/all-about-defi-loans-how-does-defi-lending-work/ - Categories: Crypto - Tags: DeFi lending, DeFi loans Decentralized finance (DeFi) lending transactions are based on crypto assets and executed through smart contacts, obviating the need for intermediaries like banks. What is DeFi lending? DeFi lending is the system of lending money through DeFi blockchain-based platforms where peer-to-peer transactions take place without intermediaries. How do DeFi loans work? Lenders deposit crypto into a smart contract setting their loan terms—interest rate, period, collateral required, etc. Borrowers request a loan and fulfill the requirements. The smart contract evaluates the collateral and sets the loan limit. When the borrower accepts these terms, the smart contract approves the loan and credits the amount to the borrower’s account. During repayment, the collateral is released, and the borrowed crypto is returned to the lender. If the borrower does not repay by the due date, the borrower could lose the collateral. Advantages & disadvantages of DeFi lending Advantages There is no need for intermediaries, so the processing fees and incidental expenses are minimal. No requirements for minimum income or credit scores. So these loans are easily accessible to anyone with an internet connection and a digital wallet. All transactions occur on the blockchain and are visible to everyone, leading to transparency and accountability. The blockchain is highly secure and practically impossible to hack. The fee is considerably lower as the process is automatic and uses smart contracts. Transactions are peer-to-peer. Borrowers and lenders can choose the best options available, unlike traditional transactions with little flexibility. The geographic location of the borrowers/lenders is immaterial as the... --- ### Equity vs. derivatives: Which is the right investment strategy? > Many investors consider equity and derivatives as somewhat similar. Yet, as we will discuss in this blog post, they differ on various counts. - Published: 2023-03-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/equity-vs-derivatives-which-is-the-right-investment-strategy/ - Categories: Indian Stocks, Personal Finance - Tags: derivatives, equity, Equity vs. derivatives Many investors consider equity and derivatives as somewhat similar. Yet, as we will discuss in this blog post, they differ on various counts. Understanding equity and derivatives To choose the right investment vehicle, we should properly understand each of these instruments. Definition and characteristics of equity What are equity investments? The investments transfer a part of the company ownership to the entity that holds the instrument. The value of equity is set by the share price or value set by investors or valuation experts. Companies list their shares on stock exchanges to raise money from the public to expand their business. Moreover, it benefits companies because they don’t have to pay any interest to the public. Definition and characteristics of derivatives What are derivatives? Derivatives are financial contracts whose values depend on underlying assets, or a group of assets, or a benchmark. Some derivatives also derive their value from equity, such as stocks and shares. They’re set between two or more parties, are usually leveraged instruments, and can be traded over the counter or on an exchange. Common derivatives include swaps, options, forwards, and futures contracts. Similarities and differences between equity and derivatives The main similarity between equity and derivatives is that both can be sold and purchased, and there are active markets for such trades. The main difference between equities and derivatives is that the former derives its value from market conditions such as political, economic, and company-related events and supply and demand. Meanwhile, derivatives derive value from other... --- ### All about Bitcoin wallets: How can we use Bitcoin wallets > Bitcoin wallet allows users to store, send, and receive digital assets, using cryptography to secure and verify transactions. - Published: 2023-03-13 - Modified: 2023-08-22 - URL: https://coinswitch.co/switch/crypto/all-about-bitcoin-wallets-how-can-we-use-bitcoin-wallets/ - Categories: Crypto - Tags: bitcoin wallets, crypto A wallet is where you keep your money, right? Sadly, you can’t do the same thing with cryptos and NFTs as they exist digitally. Crypto wallets can help you store crypto and other digital assets. This blog post will discuss Bitcoin wallet, a digital wallet that allows you to send and receive Bitcoin. Let’s dig in. What is a cryptocurrency wallet? The simplest way to define a crypto wallet is a digital wallet that allows its user to store, send, and receive digital assets. But the experienced investor would look at a wallet as a place to store private keys, which, in turn, would allow transacting Bitcoin, Ether, and any other crypto asset. These wallets use cryptography to secure and verify transactions and to control the creation of new units of a particular crypto. How do crypto wallets function? When a user sends or receives crypto assets, the transaction record is broadcast to the decentralized network of nodes and miners who validate and process the transaction. The transaction is then recorded on the blockchain, a distributed ledger that is a permanent and tamper-proof record of all crypto transactions. Cryptocurrency wallet types Wallets come in various types, including software, hardware, and paper wallets. We’ll discuss the salient features of each. Software wallets Software wallets are digital wallets that you can install on a computer or mobile device. They provide a user-friendly interface for managing crypto holdings and initiating transactions. Software wallets come in two varieties: hot wallets and cold wallets. Hot... --- ### Why blockchain gaming will drive mass adoption of crypto > Blockchain gaming will drive the mass adoption of crypto, paving the way for broader acceptance. Learn how. - Published: 2023-03-13 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/crypto/why-blockchain-gaming-will-drive-mass-adoption-of-crypto/ - Categories: Crypto - Tags: blockchain gaming, crypto Crypto has been around for over a decade, but it has captured investor attention only in recent years. However, one industry that has been driving the mass adoption of crypto is gaming. Gaming has always been at the forefront of technological innovation, and the industry's adoption of crypto could pave the way for broader acceptance. In this article, we will explore why blockchain gaming will drive the mass adoption of crypto. Gaming and crypto: A match made in heaven Truth be told, gaming and crypto have kept pace with each other. Both industries have a similar demographic of tech-savvy individuals who are comfortable with digital currencies and are always looking for the next big thing. Moreover, gaming is at the forefront of innovation, and crypto is the next logical step for the industry. Crypto offers several benefits to the gaming industry, such as faster transactions, lower fees, and increased security. Furthermore, gaming provides the perfect platform for the mass adoption of crypto. Online gaming communities are already familiar with digital currencies and virtual economies, and incorporating crypto would be a natural progression. Introduction to crypto in gaming Crypto in gaming refers to using digital currencies within the gaming industry. Players can use crypto to buy in-game items, pay for subscriptions, and transfer money between players. Gamers can also use crypto to reward players for their achievements and loyalty. Several gaming companies have already started to incorporate crypto into their platforms. For example, Atari has launched its crypto, Atari Token, for... --- ### What is XIRR in mutual funds, and how to calculate it? > While withdrawing from a mutual fund, how should you calculate your gains? Via XIRR. Learn all about XIRR in mutual funds here. - Published: 2023-03-13 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-xirr-in-mutual-funds-and-how-to-calculate-it/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, XIRR After some years, when you want to redeem your investment in a mutual fund, you would want to know how much you gained. That’s understandable. It’s natural to seek confirmation that our investment was a success. But how do you check your gains? XIRR is the answer. Read on to learn all about it. Understanding XIRR in mutual funds XIRR—short for Extended Internal Rate of Return—is one of the many financial metrics. It helps calculate the annualized returns on investment. The metric also factors in cash flow at irregular intervals, so it’s great to use with mutual fund investments. The importance of XIRR in mutual fund investments Accurate representation of financial returns: Since this metric factors in the timing of cash inflow, comparing the returns of other fund schemes and across different timelines is possible. Goal-based planning becomes possible: It helps investors calculate the returns needed to reach their financial goals. This enables goal-based planning. Evaluation of the performance of mutual funds: The metric helps investors to identify underperforming schemes, so they can take remedial action promptly. Tax planning: Since investors know the exact returns on their investments, they can plan their tax liability in advance. Making comparisons with other investment options: Investors are better placed to take investment decisions. The concept of XIRR Now that you know what the broad idea does and why it’s important, you’re probably wondering how to use it. Here’s where we tell you. What is XIRR, and how does it work? This is a... --- ### What is side pocketing in mutual funds? > Side pocketing is a way to safeguard investors of mutual funds that have exposure to risky assets. Read more about it here. - Published: 2023-03-13 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-side-pocketing-in-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: side pocketing All investments come with some risks—some more, some less. Sometimes, though, the fund’s Net Asset Value (NAV) may be hit, despite the fund manager’s best efforts. In such a scenario does unfold, the practice of side pocketing comes into play. In this article, we will discuss side pocketing in mutual funds in detail. We will explore the concept, purpose, and mechanics of side pocketing. We will also look at why mutual funds use side pocketing and the advantages and disadvantages of this practice. Introduction to side pocketing Side pocketing is a mechanism that mutual funds use to separate bad or illiquid assets from good ones. It is a way of preventing bad assets from impacting the performance of the entire portfolio. The practice helps the mutual fund manager to protect the interests of investors. Mutual funds resort to this measure when a credit event occurs or there is a default by one of the portfolio’s holdings. It helps prevent the panic sell-off that might otherwise occur in the fund. In this way, it ensures that the interests of all investors are protected. Understanding the basics and purpose of side pocketing in mutual funds Mutual funds pool money from a group of investors and invest it in a diversified portfolio of assets. The Net Asset Value (NAV) per share represents the price at which investors can buy or sell shares in the fund. However, in certain situations, a mutual fund may experience a significant event that affects its NAV. For example,... --- ### What is Helium mining? > A new form of crypto mining has emerged with the Helium network. Read this article to learn about Helium mining and how to do it. - Published: 2023-03-12 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/what-is-helium-mining/ - Categories: Crypto - Tags: helium, mining Crypto mining has been around for over a decade now and has become an integral part of the blockchain industry. It involves miners solving complex mathematical problems to validate transactions on the network and create new coins. In return, they receive rewards. Recently, a new form of mining has emerged in the world of crypto with the Helium platform. In this article, we will discuss what Helium mining is, how it works, and the potential rewards and challenges of participating in this type of mining. Understanding the Helium network Helium is important in the world of crypto because it is a network designed to control devices remotely. The Helium network provides coverage where traditional cellular networks may not be available or are too costly. It thus has the potential to revolutionize industries such as logistics and supply chain management and to create smart homes. How does the Helium network work? The Helium network operates on two types of consensus mechanisms—Proof of Coverage (PoC) and Proof of Stake (PoS). Under PoS, those who stake HNT tokens become network validators. Validators are responsible for verifying transactions and maintaining the integrity of the network. But the Helium network also needs hotspots to offer coverage for Internet of Things (IoT) devices. So it offers HNT rewards to those who create them. However, the Helium network, which began in 2013, did not always work this way. The PoC and PoS combination was introduced only in 2021. What makes the Helium network different from other crypto... --- ### What is scalp trading or scalping in crypto, and how does it work? > Scalp trading or scalping in crypto refers to a trading strategy involving making small profits from several trades within a short period. - Published: 2023-03-12 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-scalp-trading-or-scalping-in-crypto-and-how-does-it-work/ - Categories: Crypto - Tags: scalp trading, scalping Scalp trading or scalping in crypto refers to a trading strategy involving making small profits from several trades within a short period. The trading technique aims to take advantage of minor price movements in the market, usually lasting only a few seconds or minutes. This blog post will explore the basics of scalp trading or scalping in crypto, its advantages and disadvantages, and tips for traders who want to use this technique. Introduction to scalp trading or scalping in crypto Scalp trading, or scalping, is a popular crypto trading strategy. It involves making quick trades to take advantage of small price movements in a specific crypto pair. Scalpers aim to make small profits on each trade by buying and selling quickly. However, the strategy requires high skill, experience, discipline, and access to fast and reliable trading platforms. The goal of scalp trading is to make multiple small profits throughout the day rather than waiting for larger price movements that may take longer to materialize. Scalpers use various technical analysis tools to identify short-term trading opportunities and set tight stop-loss orders to minimize losses if the market turns unfavorable. Understanding the basics and the purpose of scalping in crypto trading Scalping in crypto trading primarily aims to profit from small price movements in a short time frame. Traders use this technique to exploit market inefficiencies and price discrepancies between different trading platforms. Scalping is a popular trading technique in the crypto market due to its high volatility and liquidity. The technique... --- ### Top 10 facts about APE you should know > The ApeCoin project entered the crypto space on 17 March 2022. Crypto investors are closely watching the BAYC-inspired decentralized project. - Published: 2023-03-11 - Modified: 2023-12-28 - URL: https://coinswitch.co/switch/crypto/top-10-facts-about-ape-you-should-know/ - Categories: Crypto - Tags: APE. ApeCoin The ApeCoin project entered the crypto space on 17 March 2022. Many crypto investors are closely watching the BAYC-inspired decentralized project, which shows immense potential. The project’s native token is APE. Let us delve deeper to understand the functioning of ApeCoin, the project, and APE, the token. Introduction to APE The crypto market is constantly evolving with the introduction of new coins. APE is an ERC-20 utility and governance token that empowers and incentivizes a decentralized community in Web3. It has attracted much interest due to its ability to vote on how the ApeDAO Ecosystem Fund should be used. What is an APE token? The multipurpose utility token known as APE is essential to the APE ecosystem. Users can participate in governance, stake their tokens for high returns, add liquidity to the ecosystem, and receive rewards. There is no burning mechanism, and APE has a fixed supply of 1 billion tokens. Currently, about 318 million tokens are in circulation. APE's purpose and function APE is a governance token, allowing token owners to vote on proposals and protocol modifications, and as a rewards token for liquidity providers. Users who supply the exchange with liquidity are rewarded with a portion of the trading fees in the form of APE tokens. APE as a governance token As discussed, APE token owners can partake in the governance of DAO. Holders can also access features such as events, games, merchandise, and other services. Token owners can cast votes on motions that affect how the platform... --- ### What is an exchange-traded fund (ETF): Types, benefits, and returns > ETFs or "Exchange-Traded Funds" are what the name implies: Funds that trade on exchanges, generally tracking a specific index. - Published: 2023-03-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-an-exchange-traded-fund-etf-types-benefits-and-returns/ - Categories: Mutual Funds, Personal Finance - Tags: exchange-traded funds Exchange-traded funds (ETFs) are popular investment instruments that offer investors a diversified portfolio at a low cost. Let us understand different types of ETFs and their benefits. What is an ETF? An ETF is a pooled investment security similar to a mutual fund (MF). Usually, ETFs track a particular commodity, sector, index, or other assets. However, unlike MFs, ETFs can be sold or purchased on a stock exchange like regular stock. Moreover, the best ETF funds can be structured to track anything like a basket of stocks. Types of ETFs Here are some of the prominent types of ETFs. Passive and active ETFs ETFs can either be actively or passively managed. Actively managed ETFs usually don’t target an index of securities. Instead, they have portfolio managers who decide which securities to include in the portfolio. Active ETFs tend to be more expensive compared to their passive counterpart. The objective of passive ETFs, on the other hand, is to replicate the performance of a broader index. This could be a diversified index like the BSE Sensex or a more specifically targeted trend or sector. Bond ETFs The objective of bond ETFs is to provide regular income to investors, whose distribution depends on how the underlying bonds perform. The investments could include state and local bonds, also known as municipal bonds, corporate bonds, and government bonds. Also, bond ETFs don’t have a maturity date, unlike their underlying instruments. Besides, they usually trade at a discount or premium to the actual bond price.... --- ### What is CFD in crypto? > CFD in crypto is a tradable contract serving two main objectives, speculation and hedging. Read this blog to learn more about it. - Published: 2023-03-10 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-cfd-in-crypto/ - Categories: Crypto - Tags: CFD, CFD in crypto, Contract of Difference. Crypto traders use a variety of complex strategies to carry out their activities. One such strategy is CFD. What is CFD? This blog post will discuss this investment approach in detail. The definition of CFD in crypto CFD is short for "Contract for Differences. " It is a contract between a broker and a seller. The CFD broker estimates the rise or fall in the price of an asset, and the seller must pay the remainder of the asset’s current value at the time of the contract. The value of a CFD is determined solely by the difference between the entry and exit prices. It allows traders and participants to have economic benefits without owning or purchasing assets. How do traditional CFDs work? CFDs came into existence in the early 1990s in London. They began as equity swaps for trading activities. As CFDs operate on a margin and no physical security is involved, hedge fund owners use them to hedge their financial positions on the London Stock Exchange. CFDs quickly spread to other markets such as commodities, currencies, global stocks, etc. Difference between a CFD and an ETF CFD handles financial products without actually buying or selling them. ETFs, or exchange-traded funds, are investment funds that you can directly trade on the financial market. By investing in an ETF, participants receive multiple assets they can buy or sell. Both CFDs and ETFs are financial strategies, but their key difference is that of ownership. One can own an ETF but can... --- ### The importance of crypto in the gaming industry > Crypto has upended the gaming industry. Gamers use it to buy virtual products and pay for online services. Read to learn more. - Published: 2023-03-10 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/the-importance-of-crypto-in-the-gaming-industry/ - Categories: Crypto - Tags: crypto in gaming, Gaming, Gaming and crypto There is no denying that crypto has altered our perception of financial investments. However, blockchain-based innovation is also changing how we perform our daily tasks. For instance, crypto games have upended the gaming industry. Gamers already use it to buy virtual products, pay for online services, and even receive rewards for in-game accomplishments. Let's look at the importance of crypto in the gaming business. Understanding the concept of crypto in gaming Crypto games have grown in popularity among gamers because it provides a safe and anonymous method to pay for games. Furthermore, it eliminates the need for third-party payment processors such as PayPal or credit cards, allowing players to purchase digital assets directly from developers without fear of their personal information being shared with anyone else. Therefore, crypto is an excellent choice for gamers who want to keep their transactions private and secure. What is crypto and how does it work in gaming Crypto is a digital commodity that is protected by cryptography. The underlying blockchain technology guarantees decentralization, transparency, and immutability. Crypto can be purchased or sold through exchanges from wallets. When users wish to send crypto units to another, they send them to that user's digital wallet. Monetization methods in online gaming include in-app purchases, in-app ads, and affiliate or referral marketing. Advantages of using crypto in gaming transactions The advantages of using crypto in video games go beyond making secure payments for digital assets. Crypto also brings several other benefits to gaming other than security. To begin... --- ### What are the factors that affect the performance of mutual funds? > Mutual funds are popular investment options, but certain performance factors can affect returns. Read to learn more. - Published: 2023-03-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-the-factors-that-affect-the-performance-of-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds Mutual funds are popular investment options. Fund houses pool monies from investors to create a diversified portfolio of stocks, bonds, and other money market investments. Mutual funds can hep you generate higher returns over time. However, several performance factors can have a bearing on mutual funds. Let’s us discuss some of these. Understanding the factors affecting mutual fund performance Overview of the mutual fund industry In India, the mutual fund industry began with the creation of the Unit Trust of India in 1963. The Securities and Exchange Board of India (SEBI) regulates mutual funds. The Association of Mutual Funds in India (AMFI) is the apex body that represents all the registered mutual funds in India. Types of mutual funds: Equity funds: They invest most of the corpus in equities for capital appreciation and a small portion in fixed-income securities to generate a steady income. Debt funds: Most investments will be in corporate bonds and government securities for income-generation. Since the equity-component is smaller, there is lesser scope for capital-appreciation and the risk element is minimized. Hybrid funds: They are a mix of equity and debt funds catering to different risk-appetites and investment. Index funds: Index funds follow market indices like the BSE Sensex and Nifty and try to mimic their performance. Sectoral funds: These funds focus on specific sectors like infra or health care. The portfolio focuses on investment opportunities within the sector. Distribution network: Banks, financial advisors, national distributors and online platforms serve as mutual fund distributors. Performance: Investors... --- ### What are emerging market funds? > Emerging market funds invest in emerging economies. They aim to tap the growth potential of these developing and expanding economies. - Published: 2023-03-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-emerging-market-funds/ - Categories: Mutual Funds, Personal Finance - Tags: emerging market funds, mutual funds Based on their standard of living, the presence of an active stock market, and a significant level of free trade, countries can be classified under three categories: Developed markets, emerging/developing markets, and undeveloped markets. This blog post will discuss emerging market funds in particular. The United States of America, Japan, Hong Kong, Canada, Singapore, Australia, New Zealand, and most of Western Europe belong to the developed markets league. Brazil, Russia, India, China, and South Africa, popularly referred to by their acronym BRICS, and other developing markets in Asia, Africa, and Latin America, are classified as emerging markets given their growth dynamics. The rest of the countries in the world form undeveloped markets. More about emerging market funds Emerging market funds are mutual funds that invest in emerging markets. They aim to tap the growth potential of these progressively developing and expanding economies. Growth opportunities in developed markets have reached a saturation point. More people move to cities in emerging markets searching for jobs, resulting in increased consumption, spurring the growth of many new industrial sectors. Investing in these countries is challenging. But it can be highly rewarding to investors willing to take risks. Some of the risks are: Political: A change of guard at the top could play spoilsport to carefully laid-out strategies. The change could be detrimental to the country’s development and to the emerging market fund’s portfolio. Geopolitical factors that could strain a country’s relationship with others could also impact your investments. Currency exchange fluctuations: A sudden change... --- ### Types of popular metaverse jobs: A preview > The demand for metaverse jobs will increase as the metaverse grows in popularity and becomes more integrated into our lives. Read on. - Published: 2023-03-10 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/types-of-popular-metaverse-jobs-a-preview/ - Categories: Crypto - Tags: crypto, metaverse jobs The metaverse is a virtual reality space created through the convergence of multiple technologies, such as augmented reality (AR), virtual reality (VR), and blockchain. As the metaverse continues to evolve, more and more job opportunities are being created in this space. The metaverse has emerged as a new economy and way of life for many people, and with that comes the need for skilled professionals to help create and manage this virtual world. This article will discuss some of the most popular metaverse jobs to consider in 2023. Most popular metaverse jobs to consider in 2023 As the metaverse gains popularity, various jobs will be available in this space. Some of the most popular metaverse jobs in 2023 include virtual event planners, 3D environment designers, VR experience creators, blockchain developers, and digital marketers. The jobs will require skills in technology, design, and communication, as well as an understanding of the virtual world and its unique features. The demand for these jobs will likely increase as the metaverse grows in popularity and becomes more integrated into our everyday lives. 1. AR/VR software engineers AR/VR software engineers design and develop the software that powers the metaverse. They work with technologies such as Unity, Unreal Engine, and WebVR to create immersive user experiences. They also work closely with designers and artists to ensure the virtual environment is visually appealing and user-friendly. Besides programming skills, AR/VR software engineers should have experience with 3D modeling and animation and a good understanding of human–computer interaction. They... --- ### What is satoshi in Bitcoin, and how is it different from other digital denominations? > Named after Bitcoin's creator, Satoshi is the smallest denomination of bitcoin. Learn more about it with this quick read. - Published: 2023-03-10 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-satoshi/ - Categories: Crypto - Tags: bitcoin, btc, denomination, satoshi, sats Bitcoin is a digital asset that has taken the world by storm. It is based on a decentralized system, which makes it immune to governmental control. Some key reasons for its popularity are its fast transactions, low fees, and complete anonymity. However, while everyone has heard of Bitcoin, few know about satoshi—the bitcoin crypto's lowest digital denomination. That’s like knowing what the rupee is but not the paisa. So read this to learn about it. History of satoshi To understand what satoshis or sats are, we must first understand how the Bitcoin network works. Bitcoin is a decentralized system that processes transactions. Transactions of what? Of its crypto token of the same name, which is abbreviated as BTC. The smallest unit of a BTC is called a satoshi. One satoshi is equivalent to 0. 00000001 BTC. This means that if you want to buy something that costs 100 BTC, you must pay 10,000,000 satoshis. While this may seem small, it is quite significant in the world of Bitcoin. Where did the name Satoshi come from? The name Satoshi comes from the pseudonym of Bitcoin’s creator, Satoshi Nakamoto. Some say that Satoshi Nakamoto is not a person but a group. There is also speculation about which individual in the public domain is behind the name. But nobody knows with any degree of certainty who the person is or if they are in the public domain. We know there is such a person/entity because they are the author of Bitcoin’s 2008 white... --- ### What is an ARN number in mutual funds? > ARN is a unique identification number. It tracks all transactions that investors make through a mutual fund distributor. Learn about it here. - Published: 2023-03-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-an-arn-number-in-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: AFMI, ARN numbers, mutual funds, Mutual Funds in India While dealing with mutual fund investments, investors need to route their investments through accredited channels. The ARN number is a surefire way to ensure you are dealing with trustworthy intermediaries. What is an ARN number in mutual funds? The Association of Mutual Funds in India (AMFI) has mandated that all mutual fund distributors in India should have an ARN. The ARN is a unique identification number. It tracks all transactions that individual investors make through a mutual fund distributor. It also records the commission that the distributor earns. But more importantly, from an investor's point of view, the ARN can verify the credentials of the mutual fund distributor. The concept of an ARN number Now that you have a broad understanding of ARN let’s zoom in on the concept a bit more. What is an ARN number, and how does it work? ARN numbers stand for “AMFI Registration Number. ” Mutual fund distributors need to have it to conduct their business. The ARN assures investors that the holder has the necessary certification and competence. For every investment made by an investor through a distributor, the mutual fund pays a commission to the distributor. This is possible only if the distributor has this ARN. The commission is paid out from the investment monies received from the investor. The importance of ARN numbers in mutual fund investments Since the ARN is a unique number, identification becomes clear. As per regulations set by the Securities and Exchange Board of India (SEBI)—the compliance of... --- ### The use of crypto exchanges for trading and hedging > Crypto trading and hedging are both important concepts in the context of investing. This article helps break them down. - Published: 2023-03-10 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/using-crypto-exchanges-for-trading-and-hedging/ - Categories: Crypto - Tags: crypto, hedging, trading Trading in cryptos can open a world of opportunities. But only if one has a sound understanding of the fundamentals. To many, a trade may seem like simply buying and selling shares. While this assumption is understandable, trading has a lot more to it. This article explores the use of crypto exchanges for trading and hedging, so you know what you’re getting into. Understanding trading and hedging in the context of crypto exchanges Trading and hedging are both important concepts in the context of cryptos. Trading involves buying and selling crypto with the goal of making a profit. Traders typically analyze market trends, news, and other factors to identify opportunities for buying or selling. They may use technical analysis tools such as charts, indicators, and algorithms to make trading decisions. Hedging, on the other hand, is a trade made as a risk management strategy. It involves taking a position in a financial instrument to offset the risk of another position. So, for example, hedging can involve taking a position in bonds to offset the risk from crypto. What is trading in the context of crypto exchanges? Trading aims to generate profit by buying low and selling high. The trader may, alternatively, also short-sell (betting on a decline in value) and then buy back at a lower price. Trading can be done on crypto exchanges. Such exchanges facilitate buyers and sellers and over-the-counter (OTC) transactions. This can happen directly in the markets or through derivative products such as futures, options, and... --- ### The impact of cryptocurrency mining on the environment > Cryptocurrency mining has a significant impact on the environment. As crypto rises, it's time to sit up. Read all about it here. - Published: 2023-03-10 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/the-impact-of-cryptocurrency-mining-on-the-environment/ - Categories: Crypto - Tags: crypto mining, environment Mining is an attractive way to acquire crypto continuously without getting into the trading business. And mining looks poised to only increase in the near future. However, the impact of cryptocurrency mining on the environment and the planet is significant. The energy consumption of cryptocurrency mining Blockchains need mining for transaction verification and to add new blocks. Mining is crucial because it brings new coins into circulation and enables the blockchain’s development. However, cryptocurrency mining requires a significant amount of computational power. That means a significant amount of energy, too. As more and more tokens come into circulation in a Proof-of-Work blockchain, the mining difficulty increases. The increasing difficulty is meant to help reduce mining. While that does happen, it also leads people to find better ways to mine. As a result, miners use more advanced hardware like Graphics Processing Units (GPUs) and Application-Specific Integrated Circuits (ASICs). This helps boost miners’ chances of success, but they come with a huge electricity requirement. And a much greater cost to the environment. How much energy is consumed by cryptocurrency mining? Bitcoin, the world’s largest crypto, is estimated to consume nearly 120 Twh (trillion watt-hours) of power annually, according to a Cambridge Bitcoin Electricity Consumption Index. Several reports have even established that this energy consumption is equal to that of small countries like Norway. The carbon footprint of cryptocurrency mining Mining’s energy inefficiency is especially concerning because energy consumption is mainly from non-renewable fossil sources. The use of such electricity contributes to greenhouse... --- ### What are Merkle and Verkle trees in blockchain technology? > Merkle and Verkle trees are integral to many blockchain networks. Let's understand what are they with this quick read. - Published: 2023-03-10 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/what-are-merkle-and-verkle-trees-in-blockchain-technology/ - Categories: Crypto - Tags: crypto, merkle tree, verkle tree With the rise of crypto, the underlying blockchain technology has garnered interest, too. Many of us know that a blockchain is a digital ledger that stores transactions by borrowing resources from a network of computers. But not many of us truly understand all of the intricacies of blockchains. Do you know what Merkle and Verkle trees are and how they work? If you don’t, you’ve landed at the right place. So let’s catch you up. Understanding Merkle and Verkle trees in blockchain technology Merkle and Verkle trees are an integral part of many blockchain networks. The former, or hash trees, are data structures employed in crypto. They help to encrypt blockchain data more securely and effectively. Verkle trees are similar to Merkle trees but allow for smaller proof sizes. For instance, if a tree has a billion pieces of data, a Merkle tree may require about 1 kilobyte (Kb). But a Verkle tree proof is usually less than 150 bytes. Thus, it allows for scaling upgrades. What are Merkle trees? So, what exactly is a Merkle tree in blockchain? It’s a tree-like data structure comprising the hashes of different content blocks. Imagine summarizing each page of your book and condensing it into a sentence. Creating a hash to represent a block is just like that. Then two hashes are stitched together at a time, and you calculate the has for the pair. This continues until you reach a root hash or Merkle, which summarizes the entire ledger. So just like... --- ### Understanding the benefits of crypto for gamers > Crypto gaming has many benefits for gamers and developers. Read about the benefits of crypto for gamers in this article. - Published: 2023-03-10 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/understanding-the-benefits-of-crypto-for-gamers/ - Categories: Crypto - Tags: benefits, crypto and gaming, crypto for gamers, Play to earn (P2E) Gaming and crypto are two recent buzzwords that have overtaken the tech industry. And their integration has been a game-changer in many ways. There are many benefits of crypto gaming for gamers, especially. In this article, we explore a few of them. What is crypto gaming? Crypto gaming is a new and exciting way to play games. These games rely on the use of blockchain technology to monetize the playing. So you can earn as you play on these decentralized and transparent platforms. Players can trade, earn, and use specific crypto tokens on the platform. They can use it to purchase in-game assets or trade it for fiat money. How does crypto gaming work? Crypto gaming platforms are run on blockchains. That means they are decentralized, so no central authority controls the game. Instead, these platforms are hosted and sustained by the network of computers that run the blockchain. As a result, they are more secure and transparent. This allows players to trade and use cryptos without fear of fraud or hacking. How to make money from crypto gaming One of the biggest advantages of crypto gaming is that it offers players the opportunity to make money while playing games. Players can earn cryptos by completing certain tasks or winning games. The details vary from game to game. The crypto tokens can then purchase in-game items, trade with other players, or convert into fiat currency. The game developers, too, get to take home some money. Developers can create their own digital... --- ### The future of crypto trading: What experts predict > It is essential to understand the future of cryptocurrency in India. Read to learn more about crypto portfolio management. - Published: 2023-03-09 - Modified: 2023-12-28 - URL: https://coinswitch.co/switch/crypto/the-future-of-crypto-trading-what-experts-predict/ - Categories: Crypto - Tags: cryto trading, future Over the past decade, the crypto industry has undergone enormous changes. Crypto investing has captured the imagination of mainstream investors. Understanding the future of cryptocurrency in India is essential to understand it better as an asset class. This blog post will give you the low-down on crypto portfolio management in different market situations. Understanding the basics of crypto portfolio management You are halfway to building a viable portfolio if your crypto holdings are balanced. Crypto jargon may scare you when investing in digital assets. Here are some things to keep in mind. What is crypto portfolio management, and why is it important? Portfolio management is choosing the amount to invest in various financial products. Portfolio management significantly lowers the risk associated with the investment plan. The different types of crypto portfolio management strategies Managing your crypto portfolio means reviewing and updating your digital assets to maximize profits. There is no single plan that works for all crypto portfolios. However, many crypto investors use apps to gather information about the performance of their assets and create a portfolio management plan. Learn more about the different types of strategies in this article Mastering the art of crypto portfolio management: Strategies for success Setting objectives and goals for your crypto portfolio People employ a wide range of strategies when dealing with crypto. Some put money into a single coin, hoping its worth will rise. Few spread their risk by purchasing several coins. Building a well-balanced portfolio is the best method to invest in... --- ### PMS vs. mutual fund: Which one is better for investment? > PMS and mutual funds are two popular investment options in India. Both allow investors to invest in a diversified portfolio. Read on. - Published: 2023-03-09 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/pms-vs-mutual-fund-which-one-is-better-for-investment/ - Categories: Mutual Funds, Personal Finance - Tags: PMS vs mutual fund Investment in financial markets is a lucrative option for those looking to grow their wealth. With several investment options available, it can be challenging to choose the right one. Two popular investment options in India are portfolio management services (PMS) and mutual funds. Both options allow investors to invest in a diversified portfolio of stocks, bonds, and other securities. However, PMS and mutual funds differ on various fronts. In this article, we will discuss PMS vs. mutual funds and analyze which is better for investment. Introduction to PMS and mutual funds Portfolio Management Services (PMS) is a professional investment service where a portfolio manager invests on behalf of the client. PMS is a customized investment option where the portfolio manager creates a personalized investment portfolio based on the client's investment goals, risk tolerance, and investment horizon. PMS is a popular investment option for high-net-worth individuals and institutions. In mutual funds, a fund manager pools money from investors and invests the money in a diversified portfolio of stocks, bonds, and other securities. Mutual funds, which are regulated by the Securities and Exchange Board of India (SEBI), are a popular investment option for retail investors. Understanding the basics and purpose of PMS and mutual funds as investment options The purpose of both PMS and mutual funds is to provide investors with a diversified portfolio of securities. Diversification is an important investment strategy that helps reduce risk by spreading investments across different asset classes, sectors, and geographies. PMS is a more customized investment... --- ### The role of Cardano in the wider blockchain ecosystem > Cardano is a blockchain platform that aims to create sustainable and secure infrastructure. Read to learn more. - Published: 2023-03-09 - Modified: 2023-12-26 - URL: https://coinswitch.co/switch/crypto/the-role-of-cardano-in-the-wider-blockchain-ecosystem/ - Categories: Crypto - Tags: ADA, blockchain ecosystem, cardano Cardano is a blockchain platform that aims to create a sustainable and secure infrastructure for decentralized applications and transactions. Input Output Hong Kong (IOHK), a research and development company, launched it in 2017. The platform is unique in its approach to scalability, interoperability, and governance, drawing the attention of developers and investors alike. The blog will discuss the role of Cardano in the blockchain ecosystem. We will also delve deeper into its unique features, and how it helped develop decentralized finance (DeFi) and other blockchain-based applications. Introduction to Cardano and its Place in the Blockchain Ecosystem Cardano is a third-generation blockchain platform that offers improved security, scalability, and interoperability. It was developed using a scientific approach to ensure it is secure and reliable, making it suitable for mission-critical applications. Based on a proof-of-stake consensus mechanism, Cardano processes transactions more efficiently and sustainably than proof-of-work networks like Bitcoin. Cardano's unique approach to governance also sets it apart from other blockchain platforms. It has a decentralized decision-making process that involves stakeholders in the network who can vote on proposals and changes to the protocol. This helps to ensure that the network evolves transparently and democratically, with the interests of all stakeholders taken into account. Overview of Cardano, its features and unique Properties, and its position in the wider blockchain landscape Cardano is a scalable and interoperable platform supporting a wide range of decentralized applications. It uses a layered architecture that separates the ledger (where transactions are recorded) from the computation layer (where... --- ### The impact of mining pool and mining centralization on the crypto ecosystem > Crypto mining pool offers efficient and consistent rewards for small-scale miners, reducing variance in earnings. Read to learn more. - Published: 2023-03-09 - Modified: 2023-04-01 - URL: https://coinswitch.co/switch/crypto/impact-of-mining-pool-and-mining-centralization-on-the-crypto-ecosystem/ - Categories: Crypto - Tags: crypto, mining pool The concept of a crypto mining pool in blockchain proves the power of staying united. Mining pools are groups of individuals who collaborate to combine their computing power. The combined computing power helps them mine more efficiently and distribute a share of the rewards. Yet, there is a concern that such groups could threaten the decentralized nature of the blockchain network. In this article, we discuss the pros and cons of crypto mining pools and how it impacts the overall blockchain ecosystem. Understanding mining pools and centralization Mining pools are significant in the crypto ecosystem because they provide a more efficient way to mine cryptos, particularly for small-scale miners. Novices may have limited mining rig resources and restricted access to electricity. By pooling computing power, miners can earn consistent rewards and reduce the variance in their earnings. One needs extensive computing power to mine new coins in saturated crypto flavors such as Bitcoin, which has a limited supply. What is a mining pool? Mining pools are groups of miners who combine their computing power to mine more efficiently and earn a share of the rewards. For the uninitiated, such mining pools are akin to sporting teams, which often compete against each other for rewards. How mining pools work Generally, individuals prefer to join clubs or pools where a network splits their computing power and rewards individuals appropriately. The pool's operator manages the mining process and distributes rewards proportionally to participants. For a deeper understanding of how mining pools work, read... --- ### How does the PRC matrix of debt mutual funds work? > Debt mutual funds are not risk-free, but the Potential Risk Class (PRC calculator) matrix helps investors make informed decisions. - Published: 2023-03-09 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/how-does-the-prc-matrix-of-debt-mutual-funds-work/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, PRC matrix Debt mutual funds have captured the imagination of investors as prominent debt investments. They invest in fixed-income securities such as government bonds, corporate bonds, and other debt instruments. Debt funds score on tax efficiency and liquidity compared to bank FDs, but are not risk-free. In December 2021, market regulator SEBI mandated that debt funds should disclose the risks involved to potential investors. Potential Risk Class (PRC calculator) matrix helps investors gauge the risks involved, helping them make informed decisions. In this article, we will take a closer look at the PRC matrix in debt mutual funds and how it works. Introduction to PRC matrix in debt mutual funds Debt mutual funds in India use the PRC matrix as a risk categorization system to assess the credit quality and default risk of their investments. In this system, each bond in the fund's portfolio gets a score based on its credit rating, the probability of default, and the expected recovery rate in case of default. The fund house uses the scores to calculate an overall PRC score for the fund, which determines its risk level. A debt mutual fund with a higher PRC score comes with more risks, while those with a lower score are deemed less risky. The PRC calculator helps investors make informed decisions about the level of risk they are willing to take on when investing in debt mutual funds. Understanding the basics and purpose of PRC matrix in debt mutual funds Mutual fund managers use the PRC calculator... --- ### MF investment: Should you invest in multiple mutual funds? > Investing in multiple mutual funds can further diversify portfolios and reduce risks. Read on to know to learn all about them. - Published: 2023-03-09 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/should-you-invest-in-multiple-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: multiple mutual funds, mutual funds Mutual funds are popular because they allow investors to create a diversified portfolio. For many, the primary objective of investing in them is to earn higher returns than traditional savings accounts or fixed deposits. However, with hundreds of options in the market, narrowing it down to just one can be challenging. That’s where investing in multiple mutual funds helps. You can choose various options, so it’s a no-go to FOMO. Introduction to investing in multiple mutual funds Investing in mutual funds can help build wealth and achieve financial goals. They offer investors the opportunity to pool their money together to build a diversified portfolio. Investing in multiple mutual funds can further diversify portfolios and potentially reduce risks. Understanding the basics and purpose Such funds help investors achieve various financial goals—from growing their wealth and generating income to preserving capital. By investing in a mix of mutual funds with different asset classes, investment styles, and geographic regions, investors can spread their money across a wider range of investments. This allows risks to spread out, too. Such funds can weather market fluctuations better and provide steady returns over the long term. Additionally, investing in multiple mutual funds allows investors to take advantage of the expertise of professional fund managers. Since these managers specialize in different market areas, they are better equipped to handle money than most regular folks. What is investing in multiple mutual funds? Investing in multiple mutual funds means spreading your money across more than one mutual fund. Each fund... --- ### How to add Arbitrum to MetaMask > Arbitrum is an important part of the Web 3.0 ecosystem. This article explains how Arbitrum works and how it can be added to Metamask. - Published: 2023-03-09 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/how-to-add-arbitrum-to-metamask/ - Categories: Crypto - Tags: arbitrum, crypto, Metamask Web 3. 0 is all set to change our internet habits. But to enable the growth of the Web 3. 0 ecosystem, we need to ensure safe and seamless exchanges. And wallets play a key role in this. Ethereum-based wallet MetaMask is particularly popular. However, Metamask can use a little help with handling rush-hour traffic. Enter Arbitrum. In this article we try to explain how the latter works and helps the former scale. All of this and more while you learn how to add Arbitrum to Metamask. Introduction to Arbitrum In the early days of Ethereum, the network was relatively slow and inefficient. That made it difficult to use when it came to certain applications. To address this issue, developers began working on what is known as layer-2 scaling solutions. These are essentially tools or platforms on Ethereum that help to make it faster, cheaper, and more efficient. Arbitrum is one such scaling solution for Ethereum. About Arbitrum Arbitrum was developed by a company called Offchain Labs in 2021. The idea behind it was to help Ethereum improve so that it could support more transactions and apps. To achieve this, Arbitrum uses a technology called “optimistic rollups. ” Rollups essentially work by bundling/rolling multiple transactions together. The rollups mean that the transactions are processed as one, so the overall efficiency improves and cost reduces. Arbitrum, therefore, allows developers to build faster and more scalable apps on Ethereum. Why use Arbitrum? One of the key benefits of using Arbitrum is that... --- ### The future of cryptocurrency mining and potential advances in technology > What is the future of cryptocurrency mining going to look like? Will technological advances save it, or is it done for? Read on to find out. - Published: 2023-03-09 - Modified: 2023-04-01 - URL: https://coinswitch.co/switch/crypto/the-future-of-cryptocurrency-mining-and-advances-in-technology/ - Categories: Crypto - Tags: crypto mining, environmental concerns In recent years, crypto has become quite the rage. With it has come increasing awareness of the environmental concerns around one of its common processes—mining. Mining is how blockchains record and maintain data records. It is also how new coins are brought into existence. In this article, we look at advances in mining equipment, alternative mining methods, and the impact of evolving technology on the future of mining. Understanding the future of cryptocurrency mining Crypto mining is an activity that consumes a lot of energy. Therefore, its long-term use has a direct adverse effect on the environment. Given the rapid growth of crypto, it is thus essential to take a minute to assess whether this is the right way forward. And ask whether any developments make things any better. Let’s start by taking stock of the situation. Improving sustainability As concerns around the environmental impact of mining grow, the need to develop sustainable solutions is becoming apparent. One approach that’s being taken is to use renewable energy sources. This means turning to solar, wind, and hydroelectricity to power mining operations. A few mining companies have already started using such energy sources. And this trend is likely to continue. Another approach is to use waste heat generated by mining hardware to provide heating for homes and buildings. Some mining companies in Europe are doing this for now. Additionally, of course, there is the ongoing quest for alternatives to mining, which we discuss at length below. The gamification of mining? Gamification is... --- ### How mutual funds can boost your savings > Mutual funds invest across sectors and asset classes to generate a steady income for investors. Learn how they can help boost your savings. - Published: 2023-03-08 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/how-mutual-funds-can-boost-your-savings/ - Categories: Mutual Funds, Personal Finance - Tags: boost savings, mutual funds A mutual fund is an investment fund or a company that gathers money from investors and invests in a diversified portfolio of shares, corporate bonds, and government securities. Mutual funds invest across sectors and asset classes to spread risks and generate a steady income for investors. We will discuss how this popular investment vehicle can help you boost your savings. Let’s dig in. Mutual fund investment Mutual fund investing helps investors to meet multiple financial goals. It helps you save up to meet your financial needs ensuring the safety of capital while generating a steady income stream. Some mutual fund investments also help you to reduce your tax outgo. How do best-performing mutual funds work? Mutual funds, by definition, function the same way across geographies. Still, a basic understanding of mutual fund investing will stand you in good stead while choosing the right fund. Here are certain characteristics that best-run mutual funds share. Investment objectives: A mutual fund prospectus will set the fund's investment objective. The objective will decide the type of investments the fund will be making. For example, if the goal is capital appreciation, a majority of the investments in the portfolio will be in equities. If the mandate is the assurance of a steady income, most of the investments will be in fixed-income debt securities. Essentially, you have to evaluate if the fund’s goals match yours and if you are willing to take risks to achieve your goals. Diversified portfolio: The greater the diversification of the portfolio,... --- ### A beginner’s guide on how to use DOGE as a payment method > Dogecoin offers fast transaction times, low fees, and easy accessibility. Let us learn how to buy Dogecoin crypto. - Published: 2023-03-07 - Modified: 2023-09-08 - URL: https://coinswitch.co/switch/crypto/a-beginners-guide-on-how-to-use-doge-as-a-payment-method/ - Categories: Crypto - Tags: DOGE, payment method From its humble origin as a memecoin in 2013, Dogecoin (DOGE) has carved a niche as a popular payment method. Many businesses and merchants accept crypto as a form of payment. The innovative and cutting-edge coin offers a wealth of benefits to users, such as fast transaction times, low fees, and easy accessibility. Let us explore ways to learn how to buy Dogecoin crypto and its use cases as a payment method. Introduction to using DOGE as a payment method Cryptos have been gaining popularity recently, with more businesses and individuals adopting them as payment. Dogecoin is one of the popular digital assets. Understanding the benefits of using DOGE Using DOGE as a payment method offers several advantages. DOGE, the decentralized digital currency, is a fascinating financial innovation offering various benefits to its users. Lower fee and faster transactions: The lower fees associated with DOGE transactions are cost-effective, providing an affordable option that is easy on the wallet. The rapid processing of DOGE transactions sets it apart from other payment methods. Transparency and security: All transactions are recorded on a blockchain public ledger. This helps make the transactions transparent. This also is highly secure, protecting personal and financial information with advanced encryption technology. Accessibility: DOGE is decentralized, making it accessible to anyone and everyone with an internet connection. It transcends geographical boundaries and is globally accessible. Anonymity: DOGE transactions are transparent, but users can maintain anonymity for personal privacy. While the wallet addresses used for transactions are public, the owner's... --- ### How does blockchain technology help organizations when sharing data > A basic understanding of how blockchain technology works would help us understand how it can help firms to share data to improve efficiency. - Published: 2023-03-07 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/how-does-blockchain-technology-help-organizations-when-sharing-data/ - Categories: Crypto - Tags: blockchain, data sharing Introduction to blockchain technology and data sharing A basic understanding of blockchain technology would help us understand how it can be useful for organizations to share data with partners to improve efficiency. Overview of blockchain technology Blockchain technology is a database of digital transactions shared across a network of computers. Since there is no direct interaction with intermediaries, all transactions must be verified and validated through a network of nodes. Such validated transactions are called blocks and are added to the blockchain. The importance of data sharing in organizations When data is freely shared within the teams, it helps effective collaboration leading to better decision-making. Easy access makes the decision-making process faster as the analysis is quicker. Data management is more economical as sharing reduces the need for multiple data storage. The fact that everyone has the very same verifiable information creates a higher level of trust. Since they work with real-time information, organizations can quickly make the right decisions according to market dynamics. The benefits of using blockchain technology for data sharing Increased security Each block is encrypted and linked to the immediately preceding block using complex algorithms, making it virtually impossible for hackers to tamper with the data. Improved transparency It improves transparency by providing a secure, decentralized, and immutable ledger. Enhanced data management We have seen how encryption, access control, and consensus ensure the security of immutable data and how smart contracts eliminate the need for intermediaries. Improved traceability Since blockchain technology creates tamper-proof permanent records at... --- ### How do mutual funds pay dividends? > Mutual funds invest in companies that pay dividends, giving shareholders and stockholders a cut. Learn more about mutual fund dividends here. - Published: 2023-03-07 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/how-do-mutual-funds-pay-dividends/ - Categories: Mutual Funds, Personal Finance - Tags: dividends, mutual funds Mutual funds can significantly contribute to helping you achieve your long-term goals. However, some mutual funds give you better returns than others. So how do you choose? And is it a good idea to look for mutual funds that pay dividends? Introduction to mutual fund dividends So what is a dividend mutual fund? Ones that pay you a dividend, of course! They are essentially mutual funds that can give you steady but high returns. Stick around to learn all about them. Understanding the basics and purpose of dividends in mutual funds Dividends in mutual funds are funds that invest in the stock of companies that pay dividends. The shareholders and stockholders receive a cut of the profits instead of the company reinvesting it. Dividends are thus one of the perks of investing in some specific equity or equity-related funds. Not all mutual funds offer them, though. Mutual funds can, instead, fall into two categories: Growth options: In this type of mutual fund, profits are reinvested to facilitate company grown. So investors may expect the value of holdings to increase when the funds register more profits. Dividend options: These funds let users receive profits as a regular dividend payouts from mutual funds. The money is not reinvested. The latter is the type of mutual fund we are looking at here. Dividends in mutual funds are great for those looking to have a consistent income. How do mutual funds generate dividends? Users earn dividends by holding the fund for a particular time... --- ### What is a fund of funds? > Fund of Funds (FOF) is a fund that invests in other types of funds. Read on to learn all about them and their advantages and disadvantages. - Published: 2023-03-07 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-fund-of-funds/ - Categories: Mutual Funds, Personal Finance - Tags: fund of funds, mutual funds If you’re looking to diversify your investments but don’t feel confident about your knowledge about a range of assets, Fund of Funds may be the way to go. Read on to learn all about them and their advantages and disadvantages. Introduction to Fund of Funds As the name suggests, a Fund of Funds (FOF) is used to invest in other mutual funds. They offer to achieve wider opportunities for diversification, and there are fewer risks. The managers of such funds focus on small investors who want more exposure with minimal risk. FOF is a mutual fund that helps invest in domestic and international funds of better Asset Management Companies (AMCs). Such funds are sometimes used to train people as portfolio managers. Understanding the basics and purpose of fund of funds in investment management The main purpose of the FOF is to offer better returns, of course. Anyone with access to small financial resources can use this option to ensure access to higher-value funds. It also enables one to earn maximum returns at less risk. These funds, therefore, help achieve the following purposes: Diversification Access Asset allocation Exposure to ETFs Reduction of the tax burden What is a fund of funds? FOF is a mutual fund combining schemes to offer perks such as lower time frames and risks. Combining different schemes translates into benefits such as diversification. Such funds are known as multi-manager investments. An explanation of the definition and concept These funds let you, as an investor, invest in other... --- ### Solana and its impact on the Web 3.0 ecosystem > The Solana network is making its presence felt in the Web 3.0 ecosystem, influencing many developments. Learn more about this crypto here. - Published: 2023-03-07 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/solana-and-its-impact-on-the-web-3-0-ecosystem/ - Categories: Crypto - Tags: crypto, Solana, web3 We know the internet as a global network of computers with many services. But the World Wide Web is not a static thing. It has seen a lot of evolution over the years, and the third/latest iteration of the internet is now here. As Web 3. 0 influences many technological developments, one blockchain network, in particular, is making its presence felt. So here’s a deep dive into the Solana network’s impact on the Web 3. 0 ecosystem. But before we get into any of that, it may help to have a quick recap of the internet’s history. What is Web 3. 0? To understand the latest version of the internet, let’s start with the beginning with Web 1. 0. Web 1. 0 refers to the dinosaur age of the internet. It lasted from the mid-1980s to the early 2000s. It was born when the US Defense Advanced Research Projects Agency (DARPA) began researching protocols. Protocols are essentially algorithm-specified rules computers use to communicate. They create a distributed network called the Internet. HTTP (web), SMTP (email), and FTP (file transfer) are some of the early web protocols. Then came Web 2. 0 in the past twenty years. This version allows regular users to make, share, and publish content. However, it is a read-only web. Web 3. 0 is the next leap forward. It takes us much further by making much more interactivity possible. Unlike previous internet versions that only work with static data, this version has intelligent algorithms. So the services... --- ### How can NFT ticketing disrupt the ticketing industry > NFT ticketing can disrupt the traditional ticketing industry by addressing its inefficiencies. It helps to combat fraud. Read on to know more. - Published: 2023-03-07 - Modified: 2023-09-18 - URL: https://coinswitch.co/switch/crypto/how-can-nft-ticketing-disrupt-the-ticketing-industry/ - Categories: Crypto - Tags: NFT, NFT ticketing Non-fungible tokens (NFTs) are extremely popular, with the NFT market touching a whopping $24. 9 billion in trading volumes. NFTs are cryptographic tokens that work as a stand-in for specific digital assets. NFTs allow tokenizing of digital/physical assets, such as real estate, valuables, or artwork. Understanding NFT ticketing This section will provide an overview of NFT ticketing to make it easier for you to understand the concept. What is NFT ticketing? NFTs are verifiable forms of authenticity verification and ownership stored on a blockchain network. They cannot be falsified/changed and can officially be owned only by one person at a time. How NFT ticketing differs from traditional ticketing methods Before the advent of digital tickets, there were unique old-school tickets. With tickets being digitized, ticketing systems have become more reliable and efficient. However, digital tickets cannot be used as keepsakes. NFTs fill this gap, making tickets more functional and easier to collect for memories. The potential of NFT ticketing to disrupt the ticketing industry NFT tickets can disrupt the traditional ticketing industry by addressing its inefficiencies. They help combat fraud due to their blockchain presence, and can also be manufactured cheaply and quickly. They also minimize the damages of losing/destroying your ticket. Benefits of NFT ticketing There are several benefits of using this method of ticketing and here are a few of them: How NFT ticketing eliminates ticket fraud Since paper tickets and QR codes can easily be counterfeited, people could accidentally purchase bogus tickets. Since NFT ticket transactions are... --- ### What is net asset value (NAV)? > What is NAV? NAV stands for net asset value. The metric indicates the value of an investment by adding up assets and deducting liabilities. - Published: 2023-03-07 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-net-asset-value-nav/ - Categories: Mutual Funds, Personal Finance - Tags: mutual funds, NAVs Net Asset Value (NAV) refers to an investment firm’s total assets minus its liabilities. Since assets and liabilities change daily, NAV also changes daily. Let us delve deeper to understand this crucial metric in the asset management industry. Understanding net asset value (NAV) NAVs help investors know the value of their investments. The term became popular as mutual funds emerged as investor favorites. Fund houses and investment trusts calculate their NAVs at the close of business hours every day. However, closed-end mutual funds need not comply with this requirement. Investors can log on to the website/app of the asset management company, select the specific scheme they have invested in, and view the net asset value. Definition and explanation of NAV What is NAV? NAV stands for net asset value. The metric indicates the value of an investment by adding up assets and deducting liabilities. Mutual funds and ETFs use NAVs to understand the price per unit/share. For instance, if a company holds investments of $100 million with $10 million worth of liabilities. Then, NAV for the company will be equivalent to $90 million. The price per share will depend on the number of units distributed to shareholders. How is NAV calculated? NAV represents the per-share value of the fund. Fund houses calculate the net asset value by dividing the portfolio’s market value by the number of units/shares issued. In the Indian context, market regulator SEBI has mandated that mutual fund companies publish their NAVs by 9 p. m. every day.... --- ### How do crypto exchange-traded funds (ETFs) work? > Understanding what exchange-traded funds are, how crypto ETFs work, their benefits, risks, and the key players in the market. - Published: 2023-03-06 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/how-do-crypto-exchange-traded-funds-etfs-work/ - Categories: Crypto - Tags: crypto, ETFs Crypto is a new asset class that has captured the imagination of investors in recent years. With the increasing demand for cryptos, new investment vehicles, such as crypto exchange-traded funds (ETFs), have emerged. Crypto ETFs allow investors to gain exposure to crypto without having to buy and hold them directly. In this article, we will define what are exchange-traded funds, how crypto ETFs work, their benefits, risks, and the key players in the market. We will also compare crypto ETFs with direct investment in crypto and discuss the future of crypto ETFs. Introduction to crypto exchange-traded funds (ETFs) An exchange-traded fund (ETF) is a type of investment fund traded on a stock exchange. ETFs hold assets such as stocks, bonds, or commodities, providing investors with diversified exposure to a particular market. A crypto ETF invests in cryptos such as Bitcoin and Ethereum. Instead of buying and holding crypto directly, investors can purchase shares of a crypto ETF, which contains a basket of cryptos. The value of the ETF shares is based on the value of the underlying assets held by the ETF. Overview of the concept of crypto ETFs, including key characteristics, market adoption, and key trends Crypto ETFs have some key characteristics that differentiate them from other investment vehicles. They provide investors with exposure to crypto without the need to hold them directly. ETFs trade on exchanges, making them easily accessible to a wide range of investors. They provide diversification by holding a basket of crypto, reducing the risk... --- ### Things to know before investing in Shiba Inu coin in India > Shiba Inu coin (SHIB) is a crypto launched on the Ethereum blockchain. Read on to know about its features and its price in India. - Published: 2023-03-06 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/things-to-know-before-investing-in-shiba-inu-coin-in-india/ - Categories: Crypto - Tags: SHIB, Shiba Inu coin What is Shiba Inu coin? Shiba Inu coin (SHIB) is a crypto launched on the Ethereum blockchain in 2020. It is named after the Shiba Inu dog breed, which is also the digital asset's symbol. The coin has gained popularity with crypto investors. Shiba Inu, like Dogecoin, is a "meme coin," indicating that its popularity mostly depends on social media or internet culture. Given its popularity, it would make sense for potential investors to know about its features, such as the Shiba Inu coin price in India. How did the Shiba Inu coin originate? The Shiba Inu coin was launched by an unknown individual or group using the name "Ryoshi" in August 2020. Initially, it was created to mock Dogecoin, the first meme coin that was launched in 2013. Shiba Inu was an alternative to existing cryptos with reduced transaction fees, quicker transaction speeds, and a community-driven philosophy. Since its introduction, Shiba Inu has garnered considerable interest and is traded on several crypto exchanges. How does the Shiba Inu coin work? Shiba Inu coin is a decentralized crypto based on the Ethereum blockchain designed to serve as a means of trade and a store of wealth. Its price is governed by market demand and supply, with price swings driven by trade volume or news events. Pros and cons of Shiba Inu coin Here are some pros and cons of Shiba Inu coin. Pros Reduced transaction costs: Shiba Inu coin has reduced transaction costs compared to other cryptos like Bitcoin or... --- ### ETF vs. FOF: What's the difference? > Differences between ETF vs. mutual fund based on basic structure, selling price, liquidity, and taxation. Read the full article to know more. - Published: 2023-03-06 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/etf-vs-fof-whats-the-difference/ - Categories: Mutual Funds, Personal Finance - Tags: ETF, mutual funds Exchange Traded Funds (ETFs), launched in 1990, is a fantastic product that gives investors a passive, low-cost way to multiply wealth. In some ways, ETFs are tradeable mutual funds that invest in a bouquet of stocks, currencies, commodities, or even a stock market index. This blog post helps investors understand the concept of ETFs by distinguishing between ETF vs. mutual fund and how the idea applies in the crypto world. What is an ETF (Exchange-Traded Funds)? Traditional investments included real estate, buying and selling shares, and investing in commodities such as gold and currencies. The advent of ETFs was a godsend for investors, offering them a novel, passive approach to investing. ETFs could track the returns based on the performance of specific indices such as the S&P 500 or a particular industry. Some ETFs also track specific commodities and even government bonds. Like mutual funds, ETFs pool significant money from several investors to invest in a diversified portfolio of underlying assets. Like shares, ETFs trade on stock exchanges throughout the day. ETFs differ from mutual funds in pricing. An investor can buy units of mutual funds, while ETFs are traded according to the underlying ETF price or on a per-share price basis. ETFs provide investors with lower expense ratios compared to mutual funds, not to mention tax efficiency and the ability to buy and sell shares in real time. Besides, ETFs can be a useful tool for investors looking to gain exposure to a particular sector or asset class without... --- ### Building the future of blockchain: Understanding Layers 0, 1, 2, and 3 > Layers in blockchain architecture provide a simpler understanding of their security and scalability. Learn more. - Published: 2023-03-06 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/building-the-future-of-blockchain-understanding-layers-0-1-2-and-3/ - Categories: Crypto - Tags: blockchain layers, crypto It is common to hear seasoned blockchain professionals and crypto enthusiasts discuss how secure or scalable a particular blockchain layer is. You may have even heard that the layers in blockchains such as Ethereum, Ripple, or Polygon are secure or exceptionally good. What are the layers in blockchain architecture? This blog post provides a simpler understanding of the blockchain layers. Introducing Layers 0, 1, 2, and 3 of blockchain technology Blockchain architecture can be divided into four layers, each serving a different purpose. Each layer of the blockchain serves a unique purpose and contributes to the overall security and functionality of the network. By dividing the technology into these distinct layers, developers can create a more robust and flexible system that can adapt to changing needs and demands. Understanding the different layers of the blockchain stack Overall, the different layers of blockchain technology serve as building blocks that work together to create a decentralized, secure, and transparent system that can transform various industries and applications. The role of Layer 0 in securely storing data on a blockchain Layer 0 is the physical layer of the blockchain, which includes the hardware devices and infrastructure that support the network. The layer includes data centers, servers, and other hardware components that facilitate the transfer and storage of information. Layer 1: The building blocks of blockchain protocols Layer 1 is the protocol layer of the blockchain, which includes the underlying software that defines the basic rules and functions of the network. Bitcoin is a... --- ### What’s the difference between a bull and a bear market? > Understand the differences and investing techniques that might work in both bull and bear markets. Read to learn more. - Published: 2023-03-06 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/whats-the-difference-between-a-bull-and-a-bear-market/ - Categories: Indian Stocks, Personal Finance - Tags: bear market, bull market, indian stocks What is a bear market? A bear market is a scenario in which the stock market witnesses a prolonged loss of 20% or more from previous highs. During a bear market, investor mood is negative, and there is widespread pessimism about the prospects of the economy and the stocks. Panicky investors may sell their equities in significant quantities, resulting in a further reduction in prices and a decline in the stock market's total worth. Economic downturns, geopolitical crises, and other uncertainties may trigger bear markets. The market phase may be tough for investors as they can lead to big losses, but they also offer an opportunity to purchase high-quality equities at discounted rates. What is a bull market? A bull market is a market phase in which the stock market experiences a sustained rise in prices, typically marked by a 20% increase or more from recent lows. During a bull market, investors are upbeat about the economy and the prospects of stocks. Investors may buy stocks in large numbers, leading to further increases in prices and the overall value of the stock market. Strong economic growth, low-interest rates, and favorable conditions generally lead to a bull market phase. For investors, bull markets can provide a chance to generate significant returns on their stock investments. However, they should know that market trends can change quickly and must monitor their investments carefully. Bull market vs. Bear market While a sustained rise in stock prices generally characterizes a bull market, a bear market... --- ### What is the Waves crypto, and what are its advantages? > The Waves crypto supports decentralized open-source technologies building scalable, user-friendly apps. Read more about it here. - Published: 2023-03-06 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/what-is-the-waves-crypto/ - Categories: Crypto - Tags: waves crypto The Waves is a crypto that comes with faster, cheaper, and more eco-friendly transactions. If that’s something that sounds like it might be of interest to you, read on. Because this is a basic explainer of this wave-making crypto. What is the Waves crypto? The Waves Crypto is a community-based multipurpose blockchain platform. It strives to support decentralized open-source technologies to build scalable, user-friendly apps. The platform's decentralized exchange enables users to trade tokens without relying on a centralized authority. The platform was designed to be user-friendly and accessible to everyone, regardless of technical proficiency. How did the Waves crypto originate? Alexander Ivanov, also known as Sasha Ivanov, a scientist turned blockchain entrepreneur, established the Waves crypto in 2016. The technology’s potential to establish a decentralized financial system was a key attraction for Ivanov. Seeing that blockchain networks were often too technical for common consumers, he aimed to design a more user-friendly platform for companies, developers, and people. Ivanov and his colleagues, therefore, created the Waves cryptocurrency platform. With an emphasis on user-friendliness, it facilitated the development and sharing of unique digital assets. How does the Waves crypto work? Now that we know what Waves Crypto does, let’s see how it works. In the broadest sense, Waves works by employing the Leased Proof-of-Stake or LPoS consensus mechanism. This is an improved version of the Proof-of-Stake (PoS) transaction verification mechanism. LPoS enables quicker transaction processing and reduced energy usage. The Waves LPoS blockchain In the Waves LPoS system, there are two... --- ### The difference between custodial and non-custodial wallets > Crypto wallets are of two main types: custodial and non-custodial wallets. Check out the differences, advantages, and disadvantages here. - Published: 2023-03-06 - Modified: 2023-08-29 - URL: https://coinswitch.co/switch/crypto/differences-between-custodial-and-non-custodial-wallets/ - Categories: Crypto - Tags: crypto, custodial wallet, non-custodial wallet, wallet Crypto wallets come in two main varieties: custodial and non-custodial wallets. The main difference between them centers on who holds the private key to the user funds. Each type of wallet has advantages and disadvantages, which users must consider carefully. This article will help you do that. What are custodial wallets? These are digital wallets where a third party takes on the responsibility of holding the private key for the user. The custodian is almost always a web-based entity, such as an exchange. These wallets are popular among beginners or users who don’t feel confident about managing their private keys. Custodial wallets offer easy access to the stored crypto with their user-friendly interface. However, they also come with certain risks. There is always the possibility that the custodian may be hacked or go bankrupt, for instance. Such risks could lead to the loss of funds. Users should, therefore, weigh the pros and cons before using this type of wallet. What are non-custodial wallets? Non-custodial wallets are digital wallets that allow the user to hold the private key. There are no third-party custodians involved, and the users have complete control over their funds. Wallets of this kind can be accessed through various platforms. They offer a high degree of anonymity. However, technical know-how is a must as they are more complex than custodial wallets. Custodial vs. non-custodial wallets: What are the differences? The difference between custodial and non-custodial wallets hinges on who holds the private key. Custodial wallets rely on third-party... --- ### What are Earnings Per Share (EPS)? > Earnings Per Share (EPS) is the net income that each share of the existing common stock generates. Keep reading this article to know more. - Published: 2023-03-06 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/us-stocks/what-are-earnings-per-share-eps/ - Categories: US Stocks - Tags: Earnings Per Share (EPS), US Stock Markets Stock markets can be as stressful as they are exciting. What type of experience it is for you depends on your analysis of the market. In your journey to attempting to assess the profitability of your stocks, it is important to know what EPS is. That’s why you should keep reading this article. What is Earnings Per Share (EPS)? Earnings Per Share (EPS) is the net income each share of the existing common stock generates. So to calculate it, you must split the company’s net income by the shares of ordinary stock. Investors often use EPS to assess and evaluate a company’s financial performance and development prospects. In the US, publicly listed corporations publish the EPS scores of companies on a quarterly and yearly basis. These are a component of their financial statements. The greater the EPS, the more profitability. And vice versa. Definition of Earnings Per Share (EPS) The Earnings Per Share or EPS represents the profit attributable to each outstanding share of a company’s common stock. To calculate the EPS, start by dividing the firm’s net income in a certain period by the number of existing shares of ordinary stock. The EPS of various firms is used to tabulate significant financial ratios, such as the price-to-earnings ratio (P/E). Calculating Earnings Per Share (EPS) The formula to calculate Earnings Per Share is as follows: EPS = (Net Income – Preferred Dividends) / Average Number of Common Shares Outstanding The net income is the profit a corporation churns out for... --- ### Blockchain remittances: Are they the future of cross-border payments? > Blockchain remittances mean using blockchain technology to pay internationally. Read more about the use of crypto in cross-border payments. - Published: 2023-03-06 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/blockchain-remittances-what-is-the-future-of-cross-border-payments/ - Categories: Crypto - Tags: Blockchain remittances, cross-border payments Cross-border payments are a vital component of the global economy. They enable individuals and businesses to transact across international borders. But the traditional system has been fraught with inefficiencies—high costs, delays, you name it. Blockchain technology offers a potential solution to many of these problems. In this article, we will explore blockchain remittances, their advantages, current state, and future prospects. Introduction to blockchain remittances Blockchain remittances are a type of cross-border payment. They involve the use of blockchain technology to pay for something in another country. Blockchain technology provides a decentralized and secure ledger system that enables faster, cheaper, and more transparent fund transfers. This type of remittance offers several advantages over traditional cross-border payments. Speed, cost-effectiveness, security, and transparency are a few of them. An overview of the concept of blockchain remittances: Its emergence as a key driver in the cross-border payments landscape Blockchain remittances have emerged as a key driver in the cross-border payment landscape. This has to do with their potential to offer faster, cheaper, and more secure fund transfers. With blockchain technology, transactions can be processed in real time. So there is no need for intermediaries anymore, and transaction costs are reduced too. The decentralized nature of blockchains also enhances security and transparency. This makes it more difficult for fraudsters to tamper with transactions. Advantages of blockchain remittances Blockchain remittances offer many advantages over traditional cross-border payments. Speed, cost-effectiveness, security, and transparency are the few obvious ones. An analysis of the key benefits of blockchain remittances:... --- ### How crypto is changing the face of mobile gaming > Crypto is a fast, secure, and cost-effective payment solution for mobile gaming. To learn more about how crypto makes games better, read this. - Published: 2023-03-06 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/how-crypto-is-changing-the-face-of-mobile-gaming/ - Categories: Crypto - Tags: blockchain gaming, crypto gaming, P2E game As game developers look to find new ways to provide players with unique experiences, in walks the option of monetizing games. And what greater motivator can there possibly be than money? Just kidding, we know there’s that messy thing called love. But that apart, there’s no denying how freebies and money can be great motivators. So crypto, which takes the monetization of games to the next frontier, is changing the face of mobile gaming. This article delves into that and explores how. Crypto and mobile gaming: A dynamic duo In recent years, the world of mobile gaming has been transformed by the introduction of crypto. Cryptos like Bitcoin, Ethereum, and Litecoin have given rise to a new era of gaming. The gaming of this era is more secure, transparent, and accessible than ever. In this article, we will explore the impact of crypto on the mobile gaming industry. We focus on how it has created new business models, monetization opportunities, and unique features for gamers. Introduction to crypto in mobile gaming Crypto is a digital asset that uses cryptography to secure transactions and control the creation of new units. It is not issued by a central authority, like a bank, so in that sense, it is decentralized. This means it is not subject to the same regulations and restrictions as traditional assets. In the recent past, mobile gaming has faced several challenges with transactions. Traditional payment methods such as credit cards and PayPal come with high fees and long processing... --- ### Is investing in the Bitcoin crypto project for everyone? > Investing in the Bitcoin crypto project comes with many pros. But is it for everyone? Read this to assess the project and see if it's for you. - Published: 2023-03-03 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/is-investing-in-the-bitcoin-crypto-project-for-everyone/ - Categories: Crypto - Tags: bitcoin, Bitcoin investments, crypto investment The popularity of Bitcoin as a digital asset has been rising in recent years. Understandably so because investing in Bitcoin can help diversify portfolios and offer surprisingly high returns. But investing in the Bitcoin crypto project is not always a bed of roses. This article discusses the various aspects of investing in this crypto project. Introduction to investing in Bitcoin and crypto To begin with, let’s make sure we fully understand what these terms mean. Bitcoin is a digital asset that operates independently of a central bank. It is one of the earliest and best-known crypto projects. Cryptos are digital assets, like Bitcoin. They use encryption techniques to secure transactions and regulate the generation of new units. That’s how they get their name. The technology they use is called blockchain technology. Read more about Bitcoin here. Understanding the basics of investing in Bitcoin and crypto Bitcoin investments are different from crypto investments. Because, as we have seen above, Bitcoin is only of the crypto projects you can invest in. Crypto investments—including Bitcoin ones—involve buying and selling in the hope of making a profit. The crypto market is particularly prone to volatility. That means it comes with better potential for high returns but also higher risks. Benefits of investing in the Bitcoin crypto Investing in crypto has numerous benefits. Firstly, it is decentralized, so one can transfer them in a peer-to-peer way—meaning without intermediaries. Secondly, Bitcoin transactions are secure, transparent, and irreversible. Additionally, it protects against inflation and political instability. Moreover,... --- ### Forex vs. crypto trading: Which should you choose? > Forex and crypto trading can generate large profits, but they come with their risks. To understand the differences between them, read this - Published: 2023-03-03 - Modified: 2023-08-29 - URL: https://coinswitch.co/switch/crypto/forex-vs-crypto-trading-which-should-you-choose/ - Categories: Crypto - Tags: crypto, forex, trading Deciding between forex and crypto trading can be challenging. To help you choose the best option for yourself, let’s compare the benefits and drawbacks of the two markets. Introduction to forex and crypto trading Both forex and crypto trading require some prediction-making about the value changes of various currencies/cryptos. While crypto trading involves buying and selling digital assets like Bitcoin, Ethereum, and Litecoin, forex trading involves exchanging physical currencies. Both trading options are available worldwide and have the potential to generate sizable profits. To pick the option that best suits your trading preferences and investment objectives, it’s crucial to understand their differences. Understanding the basics of forex and crypto trading With an average daily trading volume of over $5 trillion, forex trading is the largest financial market in the world. Five days a week, the market is open around the clock. This type of trading involves currency pairs like USD/JPY or EUR/USD. Contrarily, the crypto market is open around the clock, 24x7. It has seen a significant increase in trading volume over time, but it is closer to the $90 to 230 billion range. Forex and crypto trading require trading platforms that offer traders features such as real-time pricing and charting tools. Differences between forex and crypto trading Investors should be aware of the significant differences between forex and crypto trading. The size of the markets is one of the biggest differences. The forex market’s daily trading volume dwarfs the crypto market. In fact, the former is the biggest financial... --- ### What are lump sum investments, and what are their features? > What are lump sum investments in mutual funds? Are they any good? Learn all about them with the CoinSwitch blog. - Published: 2023-03-03 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-lump-sum-investments-and-what-are-their-features/ - Categories: Mutual Funds, Personal Finance - Tags: lump sum, mutual funds, one-time payment One of the first things that confront you when you’re looking to invest in mutual funds is the question of how to split the payments. Is it better to make a lump sum payment—meaning invest the whole sum at once—or should you make smaller periodic payments? What are the pros and cons of a lump sum investment in mutual funds? And how does it work? What is a lump sum investment in a mutual fund? Do you know what investing in a mutual fund in lump sum means? It involves locking a bulk amount into a mutual fund investment via a single transaction. This is the complete opposite of Systematic Investment Plans (SIPs), which let you break up an investment sum into small installments that you can pay periodically. SIPs can be paid on a weekly, monthly, or quarterly basis, but a lump sum is a one-time payment of a much larger sum. But why would someone choose to invest the larger sum at once when they have the option of a SIP? Well, let’s look at one scenario. Suppose you get a huge bonus each year. After you set the requisite money for all planned investments, you see there is ₹75,000 left over. If you’re up to taking a risk with it because you had no specific plans for the money. In this case, a lump sum investment into a mutual fund might seem like an attractive proposition. Investors who depend on stock appreciation for capital creation may also... --- ### What is a mainnet in the context of cryptocurrency? > A mainnet, in the context of cryptocurrency, is a fully operational and independent blockchain network. Read this to know more. - Published: 2023-03-03 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-is-a-mainnet-in-the-context-of-cryptocurrency/ - Categories: Crypto - Tags: cryptocurrency, mainnet, mainnet launch Cryptocurrency can be pretty complicated. The very many complicated concepts and new terms do not help. But that hasn’t stopped people from investing in these digital assets. That’s why we think we ought to break down some basic terms like mainnet in the context of cryptocurrency. We hope our endeavor brings you more clarity and ease in your investment journey. What does a mainnet mean in the context of cryptocurrency? A mainnet in the context of cryptocurrency is a fully operational and independent blockchain network. It allows users to transact and use the native token without relying on another network. Mainnets are the backbone of any blockchain project. Mainnets also enable the execution of smart contracts and, in turn, the development of decentralized applications (dApps). In doing so, they are one of the key drivers behind the mainstream adoption of this technology and crypto. In this article, we will explore how a mainnet works and its impact on the broader crypto space. How does a mainnet launch affect the price of the cryptocurrency? Launching a mainnet is a significant milestone for any crypto project. It signifies the transition from a testnet or prototype to a live independent network. So the successful launch of a mainnet can increase investor confidence and attract more buyers. All of this ultimately means a surge in the cryptocurrency’s price. Conversely, delays or technical issues in a mainnet launch can cause a drop in price as investors become wary of the project’s ability to deliver on... --- ### What is SIP (Systematic Investment Plan) - Definition, types, and benefits > Systematic investment plan is a way of investing in mutual funds. This blog post will discuss all aspects of SIPs. - Published: 2023-03-03 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-sip-systematic-investment-plan-definition-types-and-benefits/ - Categories: Mutual Funds, Personal Finance - Tags: SIP, Systematic Investment Plan SIP, or systematic investment plan, is a way of investing in mutual funds. SIPs let you make small investments in various schemes for longer periods. For instance, you can start with as little as ₹500 a month to build an investment corpus over time. This blog post will discuss all aspects of SIPs, such as the advantages and different types. Let’s dig in. SIP defined It is a plan in which investors make equated payments into a mutual fund scheme. Installments can be weekly, monthly, or yearly. How do SIPs work? To understand how a systematic investment plan can benefit you, you should know how it works. When you invest your money in a mutual fund scheme through SIPs, you can invest little money at predetermined intervals. The amount is deducted automatically from the investor's bank account through instructions given to the bank. The money then goes to the mutual fund scheme. After that, the scheme units are allocated to the investor based on that day’s net asset value (NAV). Rupee cost averaging The systematic investment plan works on rupee cost averaging. Here, you keep investing a fixed sum at intervals of your choice, irrespective of the market’s direction. Thus, you can buy more units during market downturns and lesser units when the market trades higher. Essentially, it averages out your cost of buying mutual fund units. Compounding If you invest long-term, you will benefit from the SIP. The SIP enables you to begin investing smaller amounts for the long... --- ### Reasons to buy, sell, and mint NFTs on the Polygon blockchain > Know the reasons why Polygon Blockchain is preferred by developers to mint new NFTs over othe blockchain protocols. - Published: 2023-03-03 - Modified: 2023-10-04 - URL: https://coinswitch.co/switch/crypto/reasons-to-buy-sell-and-mint-nfts-on-the-polygon-blockchain/ - Categories: Crypto - Tags: crypto, NFT Non-fungible tokens or NFTs are crypto asset chits that confer “ownership” of a piece of digital art or music on the buyer. NFTs are marked by unique identification codes, which are recorded on a blockchain. Since NFTs went mainstream around March 2021, they have set the digital world ablaze. Yet, one might find it tough to select the blockchain that offers the best support for buying, selling, and minting NFTs. This blog post will discuss the topic with special reference to the Polygon blockchain. Introduction to the Polygon blockchain Polygon provides a protocol and a framework that helps bridge Ethereum-compatible blockchains. It also runs a plasma sidechain, which combines the Proof of Stake (PoS) transaction verification mechanism with other technologies. Polygon, formerly Matic Network, was founded in 2017. Polygon made its name as a Layer-2 scaling solution to the Ethereum blockchain. Understanding Polygon and its role in NFTs The Polygon blockchain has emerged as a favorite destination for several NFT marketplaces. Most NFTs trade on Ethereum-based platforms. However, Ethereum has a crowded network, resulting in slow processing speed. Polygon fills in the gap with its lower cost and efficient network. To be sure, there is something that makes Polygon tick. The likes of Starbucks, Nike, Reddit, Meta, and DraftKings chose the blockchain for their NFT-related initiatives in 2022. Besides, Disney's Accelerator program also used this blockchain. Polygon also paid $3 million to DeLabs, the firm behind popular NFT projects Y00ts & DeGods, to move their chain businesses away from Solana... --- ### What are equity mutual funds? > Equity mutual funds come in all shapes and sizes. They are classified based on the market capitalization of the companies they invest in. - Published: 2023-03-03 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-are-equity-mutual-funds/ - Categories: Mutual Funds, Personal Finance - Tags: equity mutual fund, mutual fund An equity mutual fund invests, well, in equities or stocks. Equity mutual fund schemes should invest at least 65% of their corpus in equities and equity-related instruments, according to the Indian market regulator SEBI. All about equity mutual funds Equity funds come in all shapes and sizes. Generally speaking, they are classified based on the market capitalization of the companies they invest in. Accordingly, an equity mutual fund falls under one of the categories discussed below. Types of equity mutual funds Large-cap funds Large-cap funds invest a sizable portion of their assets in firms having large market capitalization. Large companies tend to be more stable compared to smaller firms. Mid-cap funds Mutual funds in this category predominantly invest a significant portion of their assets in equity shares of mid-cap companies. Mid-caps tend to be more volatile than large-cap companies but have more growth potential. Large- and mid-cap funds This is a hybrid fund category that is neither fully large-cap nor mid-cap. In fact, the funds come with minimal risk because of large-cap stocks. At the same time, the mid-cap stocks in the portfolio offer high growth potential. In the Indian context, these funds generally invest in the top 250 companies. Small-cap funds These funds invest at least 65% of the assets in equity shares of small-cap companies. Essentially, they invest in stocks outside the top 250 universe. Small-cap funds offer reasonable returns, but are more volatile than large-cap and mid-cap funds. Multi-cap funds Based on the relevant market conditions, these... --- ### How is blockchain different from traditional database models? > A blockchain is a distributed ledger that records information digitally. Read to learn how it is different from traditional database models. - Published: 2023-03-02 - Modified: 2023-09-18 - URL: https://coinswitch.co/switch/crypto/how-is-blockchain-different-from-traditional-database-models/ - Categories: Crypto - Tags: blockchain and database models, blockchains Put simply, a database stores data in a computer or server in an organized manner that is easily accessible. Blockchains that form the heart of crypto and Web 3. 0 take the concept a notch higher. It’s a chain-like database that’s made up of “blocks” of data stored on an extensive network of thousands of computers. Let’s dig in to understand how blockchain is different from traditional database models. Introduction to blockchain and database models While the concept of storing data is common to blockchain and database models, the mode of storage is starkly different. We’ll break down some of the basic concepts of each to understand them better. Overview of blockchain technology Essentially, a blockchain is a distributed ledger that records information digitally. It is secure, immutable, transparent, and distributed. So, this is a database technology that can also create a tamper-proof, decentralized database. Understanding traditional database models In the traditional mode of storing data, you get a logical database structure. You can store data and access it at your convenience. But anyone with access can change the data anytime. The concept of decentralization in blockchain Decentralization is the core of blockchain technology. In other words, it is a trustless system that works without the intervention of a centralized authority like a central bank. That said, we will delve deeper to understand the concept of decentralization. What is decentralization? Decentralization, as the word signifies, is the transfer of authority from a centralized entity to a distributed network. Thus, data... --- ### What is SegWit (Segregated Witness), and how does it work? > SegWit is a Bitcoin protocol upgrade. In this article, we will explore what SegWit is, how it works, and its impact on the blockchain. - Published: 2023-03-02 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-is-segwit-segregated-witness-and-how-does-it-work/ - Categories: Crypto - Tags: bitcoin, SegWit In the crypto world, the term SegWit has been making headlines since its introduction in August 2017. It is a technical improvement in the Bitcoin network to address the scaling issues faced by Bitcoin. It's a subtle yet effective upgrade that enhances data storage within a block, boosting efficiency and bolstering security measures. In this article, we will explore what SegWit is, the need for it, how it works, and its impact on the blockchain. Introduction to SegWit SegWit, short for Segregated Witness, is a Bitcoin protocol upgrade. Proposed by Bitcoin core developer Pieter Wuille in December 2015, it was activated after a long and heated debate within the Bitcoin community. The main aim of SegWit is to increase the Bitcoin network’s capacity by optimizing the way transaction data is stored in a block. What is SegWit? SegWit is a solution to the scalability problem of Bitcoin. It increases the Bitcoin network’s capacity by separating the transaction and signature data. In other words, it separates the witness data (signature data) from the transaction data and stores it outside the block. This reduces the size of the transaction and allows more transactions to be included in each block, increasing network’s overall capacity. The need for SegWit The Bitcoin network has been facing scalability issues for quite some time. The maximum block size of Bitcoin is limited to 1MB, meaning each block could include only a limited number of transactions. The limitation leads to slow transaction-processing times and high transaction fees during... --- ### APY vs. APR: What is the difference? > The terms APR and APY are both used to calculate interest. And they define how much you earn or pay. Read on to learn the differences. - Published: 2023-03-02 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/apy-vs-apr-what-is-the-difference/ - Categories: Crypto - Tags: APR, APY, APY vs. APR, compounding It’s easy to understand why people confuse the terms APR and APY. Of course, there’s the obvious fact that the two are similar sounding. But there’s more to it than that. They are both used to calculate interest. And they define how much you earn or pay. But understanding them isn’t so hard. Not when you have us break down the differences. Introduction to APY and APR Annual Percentage Yield (APY) is the annual return on investments after taking compounding interest into account. APR, on the other hand, is the percentage that a borrower will pay or an investor will earn on an annual basis. Unlike APY, it does not take the compounding of interest into account. It takes simple interest on board, instead. Understanding the basics and purpose of APY and APR in financial calculations To understand the basics of these terms, compound interest should be examined a bit closely. In the most basic sense, compounding is the earning or paying of interest on previous interest. Both types of interest then combine to form the principal sum for the next period. It is most profitable to maximize compounding on investments and minimize it on loans. Simple interest, on the other hand, does not involve compounding. It is simply the annual interest rate multiplied by the principal amount. It is important to understand whether a loan or an investment uses APR or APY because the difference can translate into a lot of money. Banks, for instance, sometimes quote the APR... --- ### Top 5 Dogecoin wallets in 2023 > Dogecoin wallets allow traders to safely store, send, and receive DOGE. Read this article to learn more about the 5 top ones. - Published: 2023-03-02 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/top-5-dogecoin-wallets-in-2023/ - Categories: Crypto - Tags: crypto wallets, Dogecoin, Dogecoin wallets In recent years, Dogecoin has become one of the most popular cryptos, thanks to endorsements from high-profile celebrities like Elon Musk. As the popularity of this dog-themed crypto continues to grow, more and more people are looking for a reliable and secure way to store their Dogecoin. This is where our list of the top 5 Dogecoin wallets to help you choose a good one. Introduction to Dogecoin wallets A Dogecoin wallet is one that safely stores, sends, and receives DOGE, the native token of the Dogecoin blockchain network. A wallet of this kind lets you keep your DOGE safe and secure. Understanding the importance of a Dogecoin wallet An online wallet is essential for anyone who buys, sells, or holds DOGE. It lets you store the coin securely. Using a Dogecoin wallet ensures that your funds are safe and secure while also letting you use them for transactions. Furthermore, a wallet of this kind gives you complete control over your funds. Unlike a traditional bank account, where a third-party institution holds your funds, a Dogecoin wallet allows you to keep your funds, giving you complete control over your money. Overview of DOGE as a crypto Dogecoin is mainly a crypto created in 2013 by software engineers Jackson Palmer and Billy Markus. Created as a joke, Dogecoin became a popular crypto with a market capitalization of over $6 billion. This crypto is based on the same technology as Bitcoin, known as blockchain technology. It means that all transactions made with... --- ### Evaluating Bitcoin as a payment option in different industries > Bitcoin is gaining popularity as a payment option in many industries. This article takes an industry-wise look at its many advantages. - Published: 2023-03-02 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/evaluating-bitcoin-as-a-payment-option-in-different-industries/ - Categories: Crypto - Tags: bitcoin payment, crypto payment With the increasing adoption of crypto, it’s no surprise that businesses are exploring crypto payments. The most popular crypto, Bitcoin, has gained significant momentum with this. So if you’re looking to buy with this crypto or already hold it, you definitely should read all about Bitcoin as a payment option for different industries. Introducing Bitcoin as a payment option Bitcoin, the most well-known crypto, is gaining popularity as a payment option. Such cryptocurrency payments come with many advantages. As crypto adoption rises due to these advantages, businesses are starting to accept crypto payments. The trend is not limited to online purchases. Physical stores are also increasingly integrating crypto payment options. An overview of the advantages of using Bitcoin in different industries Bitcoin, in particular, is revolutionizing the way businesses conduct transactions. From a business point of view, there are some specific benefits. Companies that accept Bitcoin and crypto payments have to shoulder lower transaction fees. Secondly, cryptocurrency payments enable businesses to access new markets that traditional payments don’t. Thirdly, buying with bitcoins enhances the privacy of transactions. So users are likely to make more purchases. Additionally, Bitcoin transactions are processed instantly, making it an efficient mode of payment. Lastly, Bitcoin’s decentralized system makes it immune to inflation. This gives businesses stability in the long term. Adoption of Bitcoin in e-commerce With the rise of cryptocurrency payments, consumers can now buy with bitcoins and other cryptos. This has revolutionized the way online transactions are conducted in e-commerce. This has made it... --- ### What is Bitcoin Cash? > Bitcoin vs. Bitcoin Cash: Read this Article to Know the Detailed Comparison Between Bitcoin Cash & Bitcoin. - Published: 2023-03-01 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/what-is-bitcoin-cash-2/ - Categories: Crypto - Tags: bitcoin, bitcoin cash Crypto has captured the imagination of investors since the introduction of Bitcoin in 2009. Over the years, different variations of Bitcoin have emerged, including Bitcoin Cash. Bitcoin Cash was launched in 2017 after a disagreement arose between two groups of developers regarding the best approach to address Bitcoin's scalability issues, leading to a deviation from the original Bitcoin and the creation of this digital currency. The group that created Bitcoin Cash believed that increasing the block size limit to 8MB would be the best solution to improve Bitcoin's transaction speed and reduce fees. In this article, we will be discussing what Bitcoin Cash is, how it works, how it differs from Bitcoin, and how you can buy it in India. Understanding Bitcoin Cash Bitcoin Cash operates on a decentralized network, which means no central authority controls it. The transactions on the network are verified by a group of individuals known as nodes, who validate the transactions and add them to the blockchain. Bitcoin Cash aims to improve the Bitcoin network by increasing its block size limit from 1MB to 8MB (and later to 32MB), which allows for faster transaction processing and lower fees. It also uses a different proof-of-work algorithm called "SHA-256," which is the same algorithm used by Bitcoin miners. Basically, Bitcoin Cash is a digital currency that aims to provide a faster and more efficient alternative to traditional payment methods. It continues to evolve and improve as the blockchain technology behind it advances. Many merchants and businesses around... --- ### What are the five pitfalls of mutual funds? > Expense ratio in mutual fund is a major factor to look out for when investing in mutual funds. Read to know more. - Published: 2023-03-01 - Modified: 2024-01-03 - URL: https://coinswitch.co/switch/mutual-funds/what-are-the-five-pitfalls-of-mutual-funds/ - Categories: Mutual Funds - Tags: expense ratio, mutual funds Mutual fund companies collect monies from investors, and this pooled amount is deployed to purchase a variety of money market instruments like stocks, debentures, bonds, and government securities. The spread minimizes capital loss risks even as fixed-income securities deliver a steady income. Any form of investment carries its own risk factors, and mutual funds are no exception to this, including the expense ratio in mutual fund. We discuss some of the risks below. Capital risk—The undeniable reality is that you could lose a part or even full, investment amount in volatile markets. Fund managers make investments in good faith, taking into account the prevailing market conditions. Inflation risk—-If the returns on your investment do not keep pace with the rate of inflation, the numerical value of the investment may remain intact, but the purchasing power reduces. Interest rate risk—-Rising interest rates could lead to a decline in the value of your mutual fund investment holding. The fixed-income securities will no longer be attractive, though they are safe and are generating returns. Currency risk—-In investments made in securities in a different currency, there is the danger of currency exchange fluctuations eating into the returns. Credit risk—-In a mutual fund, credit risk could arise when the issuer of a debt security defaults on his/her payments on maturity dates. This will reduce the portfolio value, thus decreasing the net asset value. The market value of the investment in this mutual fund automatically takes a hit. We will also discuss some of the other... --- ### Picking the best mutual fund: A guide & overview > When picking the best mutual fund to invest, most investors would need some handholding. Here’s a primer on the popular investment vehicle. - Published: 2023-03-01 - Modified: 2024-01-08 - URL: https://coinswitch.co/switch/mutual-funds/picking-the-best-mutual-fund-a-guide-overview/ - Categories: Mutual Funds - Tags: mutual fund, Picking the best mutual fund Mutual funds offer a safe and secure way to spread the risk of investments by investing in different asset classes like shares, bonds, etc. But when picking the best mutual fund to invest, most investors would need some handholding. Here’s a primer on the popular investment vehicle. Understanding mutual funds and the factors to consider when picking the best one What are mutual funds and how do they work? Mutual funds (MFs) are excellent investment opportunities where asset management companies (AMCs) collect monies from several investors and buy a diversified portfolio of shares, bonds, and financial securities. MF investors get units/shares in the fund representing their portfolio share. The value of these units/shares fluctuates based on the portfolio’s performance. There will be other charges like management fees, which add to the cost. You can invest in MFs through online portals, banks, and brokers. Different types of mutual funds Equity funds—Fund houses invest mainly in stocks to maximize capital appreciation. Debt funds—They invest monies mainly in fixed-income securities and provide a steady income. Hybrid funds—The portfolio is a mix of equity and debt funds. Index funds—These track a specific index, like the Nifty, to replicate that performance. Sector funds—The funds invest in specific sectors such as banking and infrastructure. International funds—-The funds give exposure to investors who wish to invest in global markets. Exchange-traded funds—These mutual funds trade on stock exchanges just like stocks. Key factors to consider when picking the best mutual fund  Align the type of mutual fund with... --- ### NFTs under the Income Tax Act: How are they taxed in India? > Any income from the sale or transfer of NFTs is taxed at 30% currently. To know more about the NFT tax, read this blog. - Published: 2023-03-01 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/nfts-under-the-income-tax-act-how-are-they-taxed-in-india/ - Categories: Crypto - Tags: india, India tax rate, it act, NFT, tax Despite the uncertainty that the crypto and Non-Fungible Tokens (NFT) industry has experienced in recent months, many are keen to invest in them. In the Union Budget 2022, the government introduced taxes on the income from Virtual Digital Assets (VDAs) under the Income Tax Act. In this article, we break down the new regulation for you. What is a Non-Fungible Token or NFT? NFTs are products that have been tokenized using blockchain technology. They are given unique identification codes to make them one of a kind. Users can trade and transfer them in exchange for fiat money, different forms of crypto, or other NFTs. For example, you might pay INR to generate a token for a picture of a comic book superhero. Key points to remember: NFTs can constitute digital or physical items, such as real estate and artwork. By “tokenizing” real-world tangible assets, you can make purchasing, selling, and trading them more effective while reducing the risk of fraud. NFTs can and do represent property rights. NFTs under the Income Tax Act The government added ​​section 115BBH to the Income Tax Act to tax VDAs. The amended law defined VDAs to include crypto assets, NFTs, and any other tokens of a similar nature. It was also announced that a tax rate of 30% would apply to any income arising from the exchange of crypto or NFTs. Aside from the cost of acquisition, the law permits no other deductions. Furthermore, a 1% Tax Deducted at Source applies every time an... --- ### What are absolute returns in mutual funds, and how to calculate them? > Absolute return refers to the actual returns that such funds generate. Read this if you want to know more about it how to calculate it. - Published: 2023-03-01 - Modified: 2023-09-21 - URL: https://coinswitch.co/switch/mutual-funds/what-are-absolute-returns-in-mutual-funds/ - Categories: Mutual Funds - Tags: absolute returns, mutual fund profits Mutual funds have become a popular investment option due to their potential for good returns. They pool money from various investors to invest in a diverse portfolio. Absolute returns refer to the actual returns that such funds generate. If you want to know more about this metric and how to calculate it, read on. Absolute returns in mutual funds: An overview Absolute return is a measure of a mutual fund’s market performance. It looks at the actual returns that the fund generates, regardless of market conditions. What is an absolute return in mutual funds? Absolute return, as mentioned before, is the actual return that a mutual fund generates over a specific period. That is, the returns from the investment irrespective of market conditions or the performance of other funds. It measures the percentage change in the net asset value (NAV) of a mutual fund over a specified period. And it includes both capital gains and dividends. If a mutual fund’s NAV is ₹10 and increases to ₹12 after a year, the absolute return is 20%. This means that the fund has generated a profit of 20% on the initial investment. The metric helps investors evaluate fund performance. Strategies that focus on this metric aim to generate positive returns in any market environment. What are absolute return mutual funds? Absolute return mutual funds are those that use this way of measuring returns. In contrast, other mutual funds seek to produce returns better than their peers, the fund category, and the market.... --- ### What is Unspent Transaction Output (UTXO)? > UTXO is a term used in blockchain technology the leftover change that can be used for a future transaction. Read this to learn more about it. - Published: 2023-03-01 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-unspent-transaction-output-utxo/ - Categories: Crypto - Tags: leftover crypto, UTXO With the increasing popularity of crypto comes the need for better blockchain technology to improve its transaction process. One such improvement is the Unspent Transaction Output (UTXO). In this article, we will take a closer look at UTXO and its importance in the crypto landscape. Introduction to UTXO UTXO is a term used in blockchain technology for the leftover change from a transaction. It can be used as an input in future transactions. The model is used in many blockchain-based cryptos, including Bitcoin and Litecoin. Definition of UTXO In technical terms, UTXO is the unspent output of a previous transaction. It can act as an input in a future transaction. Understanding the functionality of UTXO Now that we have a basic understanding of what UTXO is and why it is important, let's take a closer look at how UTXO works. How it works UTXO works by breaking down transactions into smaller pieces. The small bits left over are then used as inputs for future transactions. Transaction inputs and outputs In a UTXO-based system, transactions are broken down into inputs and outputs. The input and output data of the transaction are recorded separately. The inputs are used to fund the transaction, and the outputs are the funds returned to the user. The former represents the funds used to fund the transaction, and the latter the funds that the user receives in the end. Any leftover funds are recorded as UTXOs and can be used as inputs for future transactions. For example,... --- ### What are NFOs in the context of mutual funds? > NFOs are first-time subscriptions for new mutual fund schemes. Read this to know the pros and cons of this early bird investment opportunity. - Published: 2023-03-01 - Modified: 2023-10-10 - URL: https://coinswitch.co/switch/mutual-funds/what-are-nfos-in-the-context-of-mutual-funds/ - Categories: Mutual Funds - Tags: IPO, NFO The early bird catches the worm, they say. And investors seem to swear by it. New offerings in the market are surely exciting, and they can offer a lot of growth potential. But there are some risks involved. This applies to New Fund Offerings (NFOs) in mutual funds, too. For all of those reasons, you need to understand how NFOs work. And we’re here to help you with it. Understanding New Fund Offerings (NFOs) Before investing in any new funds, you must understand them fully. This will help you decide whether they are for you and help you figure out how to choose one. That’s also true of mutual funds. So let’s start by asking: what is NFO in a mutual fund? As the name suggests, NFOs are first-time subscriptions for new mutual fund schemes. As an IPO does for companies, NFOs raise capital for the fund manager. When you find an NFO mutual fund, the first thing you need to look into is the amount they require investors to pay. Next, find out which securities it will be investing in and how much returns are expected. Then, the most important task—assessing risks. You need to do pretty much everything you should do while investing in any mutual fund. Only more rigorously. Types of NFOs Like all other mutual funds, there are two types of NFOs—open-ended and close-ended. Simply put, you can exit the open-ended one at any time. Not so with the close-ended variety, which will require a minimum... --- ### How to use the spinning top candlestick pattern to trade crypto > Charts offer vital information about price movements. Read this article to learn more about the spinning top candlestick pattern. - Published: 2023-02-28 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/how-to-use-the-spinning-top-candlestick-pattern-to-trade-crypto/ - Categories: Crypto - Tags: candlestick pattern, spinning top candlestick pattern Candlestick charts offer vital information about price movements on the basis of four factors—the opening price, closing price, and high and low prices for a fixed period. The spinning top is one of several patterns on candlestick charts. Like other patterns, the significance of this one, too, depends on its position on the chart. Read this article to learn more about how to use a spinning top candlestick pattern to trade crypto better. Understanding the spinning top candlestick pattern Having a good understanding of the spinning top pattern can take you a long way. But it is important to learn enough about it before using it to make trading decisions. What is the spinning top candlestick pattern? This candlestick pattern comes with a long upper and lower shadow and a small body at the center. It appears when the opening and closing prices of certain crypto are close to each other. How to identify a spinning top candlestick pattern Identifying a spinning top candlestick pattern is easy. You simply need to verify that: 1. The upper and lower shadow are of almost equal length. 2. There is a small body at the center. It can be found at the top, bottom, or in middle of a range. And it can be both bullish or bearish. A bullish spinning top forms when the close price is above the open price. And a bearish one makes its appearance when the close price is below the open price. The significance of a spinning... --- ### How to select the best sector mutual funds in 2024 > Selecting the best sector-specific funds can be challenging. This article tells you how to select the best sector mutual funds in 2023. - Published: 2023-02-27 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/mutual-funds/how-to-select-the-best-sector-mutual-funds-in-2023/ - Categories: Mutual Funds - Tags: mutual funds, sector mutual funds Sector mutual funds are mutual funds that focus on a specific industry or sector of the economy. They can be an excellent way to diversify your portfolio and earn good returns. However, selecting the best sector mutual funds can be challenging, especially if you are new to investing. In this article, we will discuss some factors that will help you select the best sector mutual funds in 2024. About sector mutual funds Sector mutual funds are funds that focus on a particular industry or sector of the economy, such as technology, healthcare, energy, or consumer goods. They invest in stocks, bonds, and other securities of companies in the chosen sector. The goal is to profit from investing in a sector that generates higher returns than the broader market. Sector mutual funds can be actively or passively managed. And they may have different risk profiles and investment objectives. Factors to consider when selecting sector mutual funds Investing in the right sector mutual fund can help you achieve your financial goals. On the other hand, the wrong investment can lead to losses. Thus, it is essential to know how to make informed investment decisions. When selecting sector mutual funds, investors must weigh various factors. Some key factors to look at are the sector's performance, investment goals, risk tolerance, expense ratios, and management fees. Performance history of the investment The performance history of the fund is a good starting point. It opens a window into the fund’s past returns, risk-adjusted performance, and volatility.... --- ### How to read candlestick charts > Candlestick charts are one of the most popular chart types for day traders. Here's a guide to help you to read these charts. - Published: 2023-02-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/how-to-read-candlestick-charts/ - Categories: Indian Stocks, Personal Finance - Tags: candlestick charts, chart patterns, type of chart patterns Trading is of interest to anyone seeking to make quick profits. However, it takes informed decisions to make quick trading decisions. And a lot of time on research. It helps to know how to use some basic tools, too. This article is about one of the most commonly used tools to analyze price action. We take you through the basics and teach you to read candlestick charts. How to read candlestick charts Candlestick charts are an essential tool for traders looking to analyze and predict price moves. They offer a visual representation of price action over a specific period. These charts can help you determine trends and identify trading opportunities. What is a candlestick chart? A candlestick chart is a type of formation in a trading chart. It represents the price movements of an asset. The formation indicates the opening, closing, high, and low prices of the asset within a specific period. Here are some tips to help you read candlestick charts. 1. Understand the basics. Each candlestick represents a specific period of time (e. g. , one hour, one day, one week) and consists of a body and wicks or shadows. The body represents the opening and closing prices; the wicks show the highest and lowest prices during that period. A green candlestick means the closing price is higher than the opening price, while a red candlestick represents a bearish trend. 2. Learn the patterns. Candlestick charts can reveal various patterns that indicate bullish or bearish dominance in the... --- ### FTX chaos and its effects on the Indian crypto market > FTX, a $32 billion crypto firm, filed for bankruptcy in November 2022, it sent shockwaves through the crypto world, including India. Read on. - Published: 2023-02-27 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/ftx-chaos-and-its-effects-on-the-indian-crypto-market/ - Categories: Crypto - Tags: Alameda Research, CoinSwitch, FTX When FTX Trading Ltd. , a $32 billion crypto firm, filed for bankruptcy in November 2022, it sent shockwaves through the crypto world, including India. The crypto blowup led investors to withdraw $6 billion in just 72 hours. FTX’s founder Sam-Bankman-Fried, who hobnobbed with Wall Street grandees, had an ignominious exit and now faces a long trial. Read on as we lift the lid on the fiasco. What happened with FTX? SBF, the founder of FTX, also owned Alameda Research, a separate entity. In early November, digital currency news site CoinDesk ran a report raising questions about Alameda Research and FTX were more closely linked than what was disclosed, citing a private document. A large portion of Alameda’s balance sheet was reportedly tied up in FTT, an FTX-issued crypto. The question was: Could the Bankman-Fried companies survive a major drop in FTT’s value? However, the story was slowly unfolding. Rival exchange Binance’s CEO Changpeng Zhao held a large FTT stake. Zhao announced that Binance would sell about $530 million of FTT, thus depleting its value. This prompted FTX customers to pull out their investments, withdrawing nearly $654 million in one go. Zhao first announced an FTX buyout, only to backtrack later, saying that corporate due diligence had shown that FTX had mishandled investor funds. Finally, FTX, along with Alameda and other affiliated companies, filed for bankruptcy by the end of the week. While FTX. US (for US investors) also temporarily froze withdrawals following the bankruptcy announcement, they were later reopened.... --- ### What are decentralized exchanges? Know more about decentralized exchanges in India > Decentralized exchanges (DEX) are crypto exchanges that run on trustless and decentralized peer-to-peer networks. Read on. - Published: 2023-02-27 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/what-are-decentralized-exchanges-know-more-about-decentralized-exchanges-in-india/ - Categories: Crypto - Tags: Decentralized exchanges (DEX), Defi Swap, DEX What is a decentralized exchange? Decentralized exchanges (DEX) are crypto exchanges that run on trustless and decentralized peer-to-peer networks. DEXs enable direct peer-to-peer transactions using smart contracts that automatically execute deals, eliminating the need for middlemen. DEXs also offer enhanced privacy and anonymity since users don’t have to reveal their identity or other personal information. How does a decentralized exchange work? Decentralized exchanges, which use blockchain-based contracts, allow the exchange of assets, replacing intermediaries, brokers, banks, payment processors, and other entities. DEXs offer clarity on the transfer of funds and the processes supporting the exchange. In typical monetary operations, mediators provide little insight into transactions. DEXs reduce counterparty risk and lessen systemic centralization problems in the decentralized cryptosystem. The best 5 decentralized exchanges Here are the five top decentralized exchanges. Defi Swap Defi Swap is a decentralized exchange (DEX) based on the Ethereum blockchain that enables customers to swap crypto without a central authority. It utilizes smart contracts, which instantly perform transactions depending on predetermined rules. Defi Swap allows users to swap various tokens with minimal fees and good liquidity. By staking their tokens, users may also receive incentives for supplying liquidity to the exchange. Defi Swap is a component of the Defi ecosystem, which aspires to democratize access to financial products & provide more safe and transparent alternatives to conventional financing. Uniswap Uniswap is the original Decentralized Exchange Protocol or DEX. It is an Ethereum-based blockchain-based token generation, trading, and exchange platform. Unlike users of centralized exchanges, Uniswap users... --- ### Everything you need to know about windfall tax > Windfall tax is a one-time tax that taxes profits or gains arising from the transfer of a capital asset. Read to learn more. - Published: 2023-02-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/everything-you-need-to-know-about-windfall-tax/ - Categories: Indian Stocks, Personal Finance - Tags: capital gains tax, tax, windfall tax Understanding windfall tax Some taxes are levied as a one-time tax. Windfall tax is one such tax that broadly comes under capital gains tax. Profits or gains arising from the transfer of a capital asset are called capital gains, and such gains are taxed as capital gains tax. In normal usage, a capital asset is any kind of property, securities (stocks), jewelry, etc. What is the windfall tax? Some sectors or industries may unexpectedly make sudden significant gains from unforeseen circumstances, like an increase in prices or demand or supply crunches. In such cases, a windfall tax is levied. The purpose of windfall tax It is a means to equitably share part of the disproportionate wealth derived from unexpected events or exceedingly favorable circumstances. Governments can use tax revenue to provide tax breaks to the needy, fund social projects, or reduce the national debt. How windfall tax differs from other taxes Compared to other taxes, this tax is progressive as it targets only the richer sections of society, not the general public. Since windfall gains are a one-time event, this tax is temporary. Windfall tax in different countries How governments implement windfall tax in different countries? Here are some notable examples. In 2022, the disruptions to oil supply due to the Russia–Ukraine war resulted in unexpected profits for oil producers in the United Kingdom, Germany, and Italy. A windfall tax was levied. In 2018, in Norway, a windfall tax was levied on the enormous profits made by the country’s largest... --- ### IDCW vs. growth mutual funds: Which is better? > IDCW and growth mutual funds are the two most common kinds of mutual funds out there. This article helps you figure out which is better. - Published: 2023-02-27 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/mutual-funds/idcw-vs-growth-mutual-funds-which-is-better/ - Categories: Mutual Funds - Tags: growth mutual funds, IDCW, mutual funds Mutual funds are one of the more popular investment options among the youth today. But there are so many varieties of mutual funds that it can be hard to decide which one is right for you. The two most common kinds are Income Distribution Cum Withdrawal or IDCW and growth mutual funds. So let’s start by helping you decide which of the two is better. Understanding growth vs. IDCW mutual funds Let’s start by trying to ensure that we are really clear about what these two types of mutual funds are all about. A brief overview of the concept of growth and IDCW mutual funds Let's begin with IDWC mutual funds. IDCW funds These mutual funds were formerly known as mutual funds with a dividend plan. This type of fund makes investments in businesses that yield dividends on a quarterly or yearly basis. The fund managers, in this case, essentially seek to invest in dividend-paying stocks with a solid track record. These are usually businesses that are profitable and are well-known in the market—often large-cap/blue-chip firms. Such funds usually declare the potential dividend that you may receive. So if you purchased 200 units of an IDCW mutual fund program with a declared dividend of ₹1 per unit and all goes well, you will receive an additional income of ₹200. While filing your income tax returns, you will have to classify your dividend income as “Income from other sources. ” You can read more about them here. Growth funds Growth mutual... --- ### Small cap stocks: Features and advantages of small cap stocks > Small-cap stocks are extremely volatile and risky. Good small-cap stocks are known for providing higher returns over the long term. - Published: 2023-02-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/small-cap-stocks-features-and-advantages-of-small-cap-stocks/ - Categories: Indian Stocks, Personal Finance - Tags: mutual funds, small-cap stocks Novice investors frequently have concerns about buying stocks when they first start trading. According to their market capitalization, or market cap, equities in the stock market are categorized as mid-cap, large-cap, and small cap stocks. This article will provide you everything you need to know about small cap stocks. What are small cap stocks? Companies classified as small cap (their stocks are known as small cap stocks) have a market capitalization of less than ₹5,000 crore. These businesses have much room for expansion as they are relatively smaller in size. However, they come with risks since it is uncertain if they will succeed in the long run. Hence, the stocks of these firms are volatile by nature. Small cap firms have a rich history of underperformance, but small cap equities typically thrive when an economy comes out of recession. Characteristics of small cap stocks Small cap firms are capable of rapid growth, which makes them attractive investment targets even if their stocks may be more volatile and carry more significant risks for buyers. The minor liquid firms have small market caps, which might make squaring off holdings more challenging. Types of small cap stocks Indian stock markets list some of the best small cap stocks and businesses, including Hindustan Zinc, KNR Constructions, DB Corp, and Hathway Cable. Features and advantages of small cap stocks Small cap stocks are risky investments as they are subject to significant market volatility. Small cap companies can have tremendous growth prospects, but occasionally they need... --- ### Which blockchain offers the best support for NFT minting? > NFT minting can be a great way to make profits. But do you know which blockchain best supports NFT minting? Read this to find out. - Published: 2023-02-27 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/which-blockchain-best-supports-nft-minting/ - Categories: Crypto - Tags: crypto, minting, NFT If you’ve been thinking about minting Non-Fungible Tokens or NFTs, you may find yourself at a loss when it comes to deciding which blockchain you should start with. If so, start with this article. Here, we share our research on which blockchain offers the best support for NFT minting. While you should do more research on your own, this should be a good starting point. Introduction to blockchain technology and NFT minting Let’s begin with defining the two terms in question, shall we? Blockchain technology This technology involves the creation of a chain-like structure made up of blocks to store and transfer data in a decentralized manner. It relies on a network of computer users to create this structure called a blockchain. A blockchain is essentially a type of digital ledger. Blockchains eliminate the need for centralized intermediaries like banks. It is impossible to erase or alter the blockchain without the consensus of all network participants. How are NFTs and blockchain technology related? Let’s connect the dots. Crypto and NFTs are digital assets that are stored on the blockchain along with all the transactional data pertaining to them. So what’s NFT minting? NFT minting To create an NFT, you will need access to a crypto blockchain as well as an NFT exchange. To “mint” an NFT is to make it available for purchase. So that means publishing your token on the blockchain. Understanding the basics of NFT minting and the role of blockchain technology Selling digital content is nothing new.... --- ### What is Nifty, and how is it calculated? > You may know Nifty as one of India's two stock market exchanges. But do you know how Nifty is calculated? Read this to find out. - Published: 2023-02-27 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-nifty-and-how-is-it-calculated/ - Categories: Indian Stocks, Personal Finance - Tags: calculation, nifty, NSE Stock market indexes help investors understand market performance and subsets. Nifty is one such index. With Nifty, stocks reflect market segments and performance over time. Learn more What is Nifty and how it is calculated here. Understanding Nifty National stock market indexes indicate the overall market performance in the country. They are meant to support investment decisions. Nifty is one such index. It is one of the two in India. (The other, of course, is the Bombay Stock Exchange or BSE. ) It is also alternatively named CNX Nifty and Nifty 50. Nifty is like a barometer that assesses the market performance of the Indian stock market. History and development of Nifty The Nifty index was first conceptualized in 1992. One year later, the Securities and Exchange Board of India (SEBI) recognized it as a stock exchange unit. The index was officially launched on 22 April 1996. From its very inception, Nifty has been an important financial product with an ecosystem of exchange and trade funds. The NSE Indices Ltd entity owns and manages Nifty. The importance of Nifty in the Indian capital market The Nifty 50 index has played a key role in strengthening Indian capital markets over the years. It has helped develop an electronic trading interface that aligns with the standards of global markets. What’s more, Nifty has multi-asset exchange platforms that support Foreign Direct Investment (FDI) in India. These platforms assist international investors with understanding and making investment decisions in India. With the huge capital involved... --- ### An introduction to the blockchain-based gaming and NFT-focused Enjin token (ENJ): What are its use cases? > The Enjin token or ENJ has many uses in the Enjin ecosystem, which makes in-game asset ownership possible. Read this to learn more. - Published: 2023-02-26 - Modified: 2023-09-11 - URL: https://coinswitch.co/switch/crypto/an-introduction-to-enjin-token-enj-and-its-use-cases/ - Categories: Crypto - Tags: crypto, ENJ, enjin token A crypto called Enjin has become well-known for its blockchain-based gaming and NFT applications. And its ENJ token has all sorts of use cases. In this article, we take a look at some of them. Introduction to Enjin token Enjin was developed to make in-game item ownership and trading possible. Within the Enjin ecosystem, the Enjin token (ENJ) serves as a medium of exchange. Here we present some of the main ways in which the token is used. An overview of the Enjin token: Its definition, purpose, and key features Let’s start with the question that’s probably on every newbie’s mind: What is an Enjin coin? Enjin Coin, also known as ENJ, is the crypto token of the Enjin blockchain. Enjin is a Layer-2 chain, so it operates on the Ethereum blockchain. It was launched in 2017. ENJ and the Enjin blockchain help gamers create and trade Non-Fungible Tokens (NFTs) in a more convenient, affordable, and secure way. NFTs are distinctive digital assets that are run on a blockchain. They offer a way to validate the ownership and authenticity of things like digital music, art, and properties. The ENJ token is the primary form of payment in the Enjin ecosystem. It is, therefore, essential to the development and exchange of Enjin NFTs. Use cases of the Enjin token in the gaming sector The Enjin token was developed to address the issue of in-game item ownership and trading. It makes it possible for developers to create blockchain-based assets that players can... --- ### Comparing Enjin with other blockchain-based gaming and NFT platforms > Enjin stands out among blockchain-based gaming and NFT platforms. What makes it special? Read this to find out. - Published: 2023-02-26 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/comparing-enjin-with-other-blockchain-based-gaming-and-nft-platforms/ - Categories: Crypto - Tags: blockchain gaming, crypto gaming, ENJ, Enjin Enjin stands out among blockchain-based gaming and NFT platforms. Thanks to its features, like the capacity to develop customized assets and incorporate them into its games. In this article, as we introduce Enjin, we compare it to other top platforms available today. Introduction to blockchain-based gaming and NFT platforms Blockchain technology has shown a lot of promise, benefiting a wide range of industries. And the gaming industry is one of the beneficiaries. Crypto Gaming, or Blockchain-Based Gaming, is a quickly growing trend in the gaming industry. It involves the reliance on blockchain technology to fuel the gaming business. These types of games offer numerous advantages for players and developers. Players can buy, sell, and trade assets with rarity and ownership—something impossible before. Due to their immutability, these assets, called NFTs, fetch better prices. This positive development has to do with these assets being stored on a blockchain. Additionally, these gaming platforms offer players a space to flaunt their status and accomplishments. All of this means more revenue. Further, the interactions between players are another benefit of blockchain games. As they buy and sell virtual goods, players contribute to a thriving digital economy that developers benefit from. Blockchain gaming is, therefore, thriving. An overview of the landscape of blockchain-based gaming and NFT platforms: Key players, market sizing, and the main trends The number of players entering the blockchain-based gaming market has seen a significant spike in recent years. The number of apps in this market has grown to constitute 48% of... --- ### Top benefits of crypto SIPs to look out for in 2023 > Some top benefits of crypto SIPs are regularity, a long-term focus, and the potentially high returns. Read on to learn more about them. - Published: 2023-02-26 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/top-benefits-of-crypto-sips-to-look-out-for-in-2023/ - Categories: Crypto - Tags: crypto, crypto SIP, dollar cost averaging, recurring deposit, SIP Due to their many advantages, crypto Systematic Investment Plans (SIPs) are becoming increasingly popular. Some of the top benefits include regularity, a long-term focus, and the potential for high returns. Read on to learn more about these and other top benefits of crypto SIPs to look out for in 2023. Introduction to crypto Systematic Investment Plans (SIPs) In recent years, SIPs in crypto have become very popular—particularly in India. In this article, we examine some of the top advantages of opting for SIPs in crypto in 2023. Understanding the concept of crypto SIPs and their importance Systematic Investment Plans, or SIPs, are a way to make recurring investments of a set amount for a specific period. SIPs enable you to invest in cryptos without feeling burdened by lump sum investments. By setting aside a fixed sum at regular intervals, SIPs help average out the cost of the investments and lessen the effects of short-term volatility. Since crypto markets are especially prone to volatility, they are particularly attractive investment options. Additionally, SIPs teach investors to maintain their self-composure and not make rash decisions. Benefits of crypto SIPs Crypto SIPs have several advantages. We have mentioned some of them already, but let’s focus on highlighting some of them in this section. Exploring the key advantages of investing in crypto SIPs: Regularity, affordability, and diversification The key advantages of investing in crypto SIPs are their regularity, affordability, and diversification opportunities. Here, we explain each of these advantages in a little more detail. 1.... --- ### What is the Synthetix network token? > Synthetix is one of the first companies to give users access to synthetic assets. Learn all about its network token, SNX, here. - Published: 2023-02-26 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/what-is-the-synthetix-network-token/ - Categories: Crypto - Tags: snx, synthetic assets, synthetix Synthetix is a platform that allows users to produce synthetic commodities that follow and profit from an asset without actually owning it. If that’s enough to get you curious, read on to learn about the Synthetix network token, SNX. What is the Synthetix network token, SNX? Synthetix is a platform that allows its users to issue and trade assets without actually buying them. And SNX is the Synthetix network's native token. This is the short answer to the “What is SNX crypto? ” question. Keep reading for a more detailed explanation. How does the Synthetix network token work? Synthetic, you see, is a derivative liquidity protocol that runs on the Ethereum blockchain. Derivates liquidity—what the gobbledygook, you say? Well, hang in there. Let’s make it simpler. Derivatives are essentially a type of contract. Their value depends on a bunch of assets, and they let investors buy or sell an asset at a fixed price at a future date. With derivatives, you gain leverage—so you can gain access to trade with a much larger sum than you invest. Synthetix lets you engage in such trading. So you can leverage trade in a synthetic form of real-world assets or commodities, fiat money, and stocks. These digitized real-world assets are called “synths” in the context of Synthetix. Synths essentially track and let you profit from real-world assets without holding them. That’s how the network works. Now let’s focus on the network token, SNX. SNX is the token you need to buy a synth.... --- ### Top 10 facts about Cardano you should know > Cardano is one of the leading 10 cryptos by market cap. Here are top 10 facts about Cardano you should know. - Published: 2023-02-24 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/top-10-facts-about-cardano-you-should-know/ - Categories: Crypto - Tags: ADA, cardano Cardano is built to be accessible to both users and developers. It is eco-friendlier than other chains, and it has a vibrant and active community. One of the leading 10 cryptos by market cap, this is definitely a coin you need to learn more about. Here are the top 10 facts about Cardano you should know. Introduction to Cardano: Everything you need to know Launched in 2017, Cardano was developed by a group of scientists, programmers, and engineers who wanted to fix the shortcomings of blockchain platforms. And fix it did. Because this is a platform with a low carbon footprint and a focus on sustainability. 1. What is Cardano? Cardano is a blockchain platform that hosts peer-to-peer conduct transactions and smart contracts. Because of its ability to host smart contracts, developers can use the platform to develop and run decentralized applications, or dApps. It validates all transactions using a Proof-of-Stake consensus algorithm. With its layered architecture, Cardano separates the accounting of value from the execution of smart contracts. Compared to other blockchain platforms that use a single, monolithic blockchain to record and verify all transactions, the Cardano chain enables more security, scalability, and efficiency. The architecture also enables cross-chain transfers—a feature called interoperability. There are three companies behind the platform—Emurgo, IOHK, and the Cardano Foundation. 2. Cardano’s purpose and function As mentioned earlier, Cardano was designed for reliability, scalability, and longevity. Its primary functions are the hosting of transactions and the execution of smart contracts. It is also more... --- ### Top 10 facts about Bancor (BNT) you should know > Bancor (BNT) is a DEX that offers liquidity in a never-seen-before way. Here are the top 10 facts about Bancor you should know. - Published: 2023-02-24 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/top-10-facts-about-bancor-bnt-you-should-know/ - Categories: Crypto - Tags: bancor, bnt, DEX The Crypto Bancor (BNT) was developed to offer liquidity for smaller tokens. How does it do this? Is it any good? If you have these questions on your mind, this explainer should help. Because it presents the top 10 facts about Bancor, you should know. Introduction to Bancor Established in 2017, Bancor was one of the pioneers in the Decentralized Finance (DeFi) space. While there are plenty of things to know about this crypto, a list of the top 10 things about Bancor may help, don’t you think? 1. What is the Bancor network? Bancor is a decentralized trading and liquidity platform. It offers users a space where they can exchange different tokens and access liquidity without relying on a centralized exchange. The platform makes use of an Automated Market Maker (AMM) system. This is a system that runs on a blockchain and bases the price of tokens on supply and demand. By enabling users to trade tokens without relying on centralized exchanges, Bancor tries to address the liquidity issue in the DeFi space. 2. The concept of automated liquidity provision DeFi recently introduced the idea of automated liquidity provision. This enables users to trade tokens without relying on centralized exchanges. Platforms that offer this provision use smart contracts to automate the provision of liquidity—that is, they create a pool of tokens that can be traded without an order book. How does Bancor solve the illiquidity problem? With the help of a special algorithm, Bancor’s AMM system makes sure users... --- ### Top 10 facts about Polygon you should know > Polygon is a scaling platform that operates without a central authority. It was designed to solve the scaling problems with Ethereum. - Published: 2023-02-24 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/top-10-facts-about-polygon-you-should-know/ - Categories: Crypto - Tags: ethereum, Matic, Polygon You might be familiar with the crypto known as Polygon (MATIC), but do you know anything regarding the Polygon network? Polygon is an Ethereum scaling platform that operates without a central authority. The people who designed it did so to solve the scaling problems that plague Ethereum, which include poor transaction speeds and high transaction prices. Blockchain is about to be revolutionized, thanks to Polygon Polygon's end goal is to facilitate the creation of a truly decentralized society, complete with international transactions, third-party mediators, and gatekeepers. Its interoperability promotes the scaling and acceptance of blockchain technology by creating a global ecosystem free from technological divides. How does Polygon work? The functioning of Polygon can be explained in comparison with Ethereum. Imagine Ethereum as an entity processing a number of really large files. The blockchain takes up the responsibility to reduce some of Ethereum’s workload thus reducing congestion on the network and making it faster. Polygon as a Layer-2 scaling solution Polygon is a Layer-2 scaling solution designed to speed up mass adoption to the Ethereum platform. A blockchain with a Layer 2 is constructed by utilizing another blockchain’s underlying foundations. Here, the Ethereum blockchain has the Polygon blockchain layered on top of it. Thus Polygon inherits certain aspects from Ethereum, including being hyper-secure. But it also adds a few elements that enhance speed and affordability in comparison with Ethereum. One example of this is the fact that it uses a different consensus algorithm. Does the value of Ethereum increase as... --- ### 5 Bitcoin alternatives to look out for in 2023 > Top 5 Bitcoin alternatives are Ethereum, Cardano, Solana, Polkadot, and Avalanche. Learn more about the coins. - Published: 2023-02-24 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/5-bitcoin-alternatives-to-look-out-for-in-2023/ - Categories: Crypto - Tags: crypto Bitcoin has become a byword for cryptocurrency. The pioneering crypto soars high in the crypto world in terms of popularity and market capitalization. However, if you are looking to diversify your crypto holdings, you can consider a number of Bitcoin alternatives, such as Ethereum, Litecoin, Ripple, Cardano, and Binance Coin. Top 5 Bitcoin alternatives Let's take a look at the top 5 Bitcoin alternatives out of a total pool of some 20,000 cryptocurrencies. We discuss each of them with reasons backing the selection. Ethereum Ethereum, the second-largest crypto by market cap, is an open platform that users manage, much similar to Bitcoin. Yet, specific differences mark the number one and two coins. The Ethereum network functions through "smart contracts," agreements written in computer code and uploaded to the decentralized ledger, blockchain. Ethereum trades at $1,644. 96 (as of 24 February 2023). Reasons to invest in Ethereum ETH provides one of the most secure investment options available, ranking among the top 10 cryptos in terms of its price and stability. Additionally, you can use it in more locations than you might think, and it is likely that the number of locations that accept crypto will continue to grow over the next few years. Ethereum already possesses a sizable and active user base, a comprehensive feature set, and ongoing development. Ethereum is the best Bitcoin alternative as of now. Cardano Cardano is a blockchain platform that uses proof-of-stake consensus. Crypto enthusiasts consider it as representing the next phase of the Ethereum platform.... --- ### The challenges of implementing cryptocurrency in gaming > Crypto in gaming is becoming increasingly popular due to its security, but there are roadblocks. Read to learn more. - Published: 2023-02-24 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/the-challenges-of-implementing-cryptocurrency-in-gaming/ - Categories: Crypto - Tags: blockchain gaming, crypto Cryptocurrencies are fast emerging as a popular form of payment in the gaming industry. They offer various benefits, such as faster transactions and lower fees. However, there are several challenges that businesses must address when choosing payment options in crypto gaming. This post will discuss some roadblocks and how to overcome them. We will also provide a few tips on how to make cryptocurrency payments more secure for your business. Crypto in gaming: What is it and how it works Crypto in gaming is a new phenomenon that is becoming popular. It is a digital or virtual currency that uses cryptography for security. Crypto in gaming is used for a variety of purposes, including buying in-game items, paying for subscription services, and making microtransactions. Bitcoin gaming is becoming increasingly popular because it is a secure way to pay for products and services. However, one needs to address the challenges. These include developing a secure system for storing the coins, creating a user interface that is easy to use, and ensuring that the gaming platforms accept the coins. How to implement cryptocurrency in gaming? Crypto has the potential to revolutionize how we shop, how we pay, and how we interact with the world. However, it comes with its share of pitfalls. Integrating crypto into gaming is arguably the foremost challenge. Many gamers use fiat currency to buy in-game items or upgrades and would find adopting crypto an uphill task. However, help is at hand. You can either create a new coin... --- ### Best contra funds-Top performing contra mutual funds to invest in 2023 > The main characteristic of contra mutual funds is their investment in undervalued stocks. Read to learn more about some of the best. - Published: 2023-02-23 - Modified: 2023-09-21 - URL: https://coinswitch.co/switch/mutual-funds/best-contra-funds-top-performing-contra-mutual-funds-to-invest-in-2023/ - Categories: Mutual Funds - Tags: contra funds, mutual funds Contra mutual funds are a particular kind of mutual fund that employs a distinctive approach to investing by acquiring undervalued or out-of-favor stocks. Contra is short for contrarian funds, as this type of mutual fund follows a contrary market outlook. Let’s understand this interesting category of funds, their characteristics, and some of the best contra funds in India. Features of contra mutual funds Equity mutual funds with a distinctive investment approach contra-mutual funds. The main characteristic of contra mutual funds is their investment in undervalued stocks. Finding companies with solid fundamentals that are currently trading at a discount is the goal of this contrarian investing strategy. A contra mutual fund manager will typically invest in businesses that are experiencing momentary setbacks, which can present opportunities for buying at a discount. By investing in companies that are expected to perform well over the long term but may not be supported by the market in the short term, a contra-mutual fund seeks to generate alpha. For investors willing to take on more risk in exchange for potentially higher returns, contra-trading can present a compelling investment option. Taxability Taxability is a significant factor that determines the attractiveness of an asset class. Let us discuss how profit from contra mutual funds is taxed. Long-term capital gains tax applies for investments held for more than a year. An investor in a contra fund needs to pay long-term capital gains tax at the rate of 15% if profit exceeds ₹1 lakh a year. If you invest... --- ### The best IT sector stocks to invest in 2023-24 > IT stocks deserve a place in investor portfolios given the sector's growth potential. Here's a list of IT stocks you can consider. - Published: 2023-02-23 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/the-best-it-sector-stocks-to-invest-in-2023/ - Categories: Indian Stocks, Personal Finance - Tags: IT stocks The information technology (IT) sector has been a significant driver of India’s economy for several decades. Given the sector’s growth potential, IT stocks deserve a place in investor portfolios. This blog post presents an overview of the sector and suggests a list of IT stocks you can consider for investments. Things to consider before buying IT sector stocks It is crucial to consider several aspects that may affect the possible return on your investment before purchasing any IT sector stock. Industry trends It's critical to stay current on the IT industry’s newest developments and comprehend the sector’s general direction. By doing so, you can spot potential investment possibilities and steer clear of businesses facing headwinds. Review the financial statements of the companies you are considering investing in carefully. This can help you understand their revenue, cash flow, and expenses, which are important markers of their financial health. Management caliber Seek out businesses with solid management teams with a good track record. The caliber of a firm’s management can significantly impact a company’s fortunes. Competitive advantage Consider the firm’s competitive advantages during the selection process. A corporation may maintain an edge over rivals with a proprietary technology or distinctive business model. Pay close attention to the company's valuation if you're thinking about investing. Even if a company has great financials and a promising business plan, an overpriced stock may not be a wise purchase. State of the economy The state of the general economy can impact the performance of stocks in... --- ### What are soulbound tokens, and how do they work > Soulbound Tokens (SBTs) are one way of maintaining digital identity in a decentralized world. Read on to understand their importance. - Published: 2023-02-23 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/what-are-soulbound-tokens-and-how-do-they-work/ - Categories: Crypto - Tags: SBTs, soulbound tokens In spirituality, the soul is often considered immortal. In blockchain and crypto, the soul is the central concept around identity. Soulbound Tokens (SBTs) are one way of maintaining digital identity in a decentralized world. This blog post explains the idea of SBTs and their importance. Understanding soulbound tokens (SBTs) The concept of SBTs has its genesis in a research paper authored by Ethereum co-founder Vitalik Buterin, Puja Ohlhaver, and E. Glen Weyl in May 2022. In their whitepaper, the authors focused on the need for establishing credentials as part of Web3 elements. The paper discusses credentials such as names, traits, features, and even achievements that can be loaded into a wallet. However, you cannot trade or transfer SBTs. How do soulbound tokens work? SBTs are akin to nonfungible tokens (NFTs), which is a rage among blockchain users. The only difference is that SBTs are non-transferable and non-tradable, while you can trade NFTs. The SBT network includes an issuer and individuals. For instance, a large educational institution could issue non-transferable certificates to its students over a blockchain network in the form of Souls, which credits individuals with details of a course completed, marks gained, or any other educational details. These credits could be digitally stored as part of the Soul, which is stored within a wallet. Besides educational institutions, firms can issue souls to employees. Since Souls are digital identities, one could have multiple government records, hospital and medical records, financial details, and even a driving license organized as Soul. How... --- ### What are wrapped coins? > Wrapped coins have emerged as major DeFi innovations. Read this article to know everything related to them. - Published: 2023-02-23 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/what-are-wrapped-coins/ - Categories: Crypto - Tags: Wrapped Bitcoin, wrapped coins Wrapped coins enable users to trade one type of digital asset for another. These tokens, known as "wrapped" versions of existing crypto, are created by locking up the original currency in a smart contract and issuing a new token pegged to the value of the locked-up coins. The process is known as "wrapping," allowing users to enjoy the benefits of different blockchain networks without switching between them. This blog post will discuss wrapped coins and explore their role in the fast-evolving world of decentralized finance. Wrapped coins defined A wrapped coin is a crypto token that is backed by another asset, typically a crypto, to increase its value and functionality. Coins are wrapped to enable different blockchain networks to communicate with each other, increasing liquidity and accessibility for traders. These coins also provide users with additional benefits as they can use them for different decentralized applications and smart contracts. Overall, they improve interoperability in the crypto ecosystem. What are the types of wrapped coins? Wrapped coins come in all shapes and sizes, each representing a different underlying asset. The most common type of wrapped coin is the Wrapped Bitcoin (WBTC), which is a Bitcoin-backed digital asset. Other examples include Wrapped Ethereum (WETH), which is backed by Ethereum, and Wrapped Zcash (WZEC), which is backed by Zcash. Benefits of wrapped coins Wrapped coins in crypto provide a variety of benefits. They are backed by the value of the underlying asset and offer more liquidity, making it easier to use them in... --- ### What is crypto day trading: Everything you need to know > Crypto day trading is a set of techniques used to take advantage of short-term changes in the prices of a commodity. Read to know more. - Published: 2023-02-23 - Modified: 2023-12-28 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-day-trading-everything-you-need-to-know/ - Categories: Crypto - Tags: crypto, day trading In crypto day trading, investors place significantly high volumes of trades within a single session to maximize their returns. It offers significant returns, but it is better to be mindful of the risks and follow a sound investment strategy. Let us take a quick look at the concept of day trading and ways to maximize your returns. Crypto day trading defined Crypto-day trading refers to buying and selling crypto assets within a single session, but the real goal is to make profits from short-term price fluctuations. Thus, a good strategy is one where traders spot opportunities in short-term price fluctuations. The price volatility can often help traders maximize their returns in a single session. Day trading, however, comes with risks given the volatility in the crypto market, the inability to track opportunities, bad calls, and even risk tolerance. Therefore, day trading requires sound investment acumen and a high level of knowledge, skill, and discipline to succeed. How to day trade in crypto Ideally, a good starting point in day trading is to acquire knowledge about specific crypto tokens and the exchange and research as extensively as possible. Individual risk tolerance level is also a crucial element in the mix. The risk could vary based on the financial status of individuals and even the kind of crypto in which one is interested in trading. For instance, someone trading in Bitcoin will likely assume a larger risk profile given its high volatility. Meanwhile, somebody starting with a stablecoin might look at a... --- ### How will DeFi reshape the future of digital finance? > DeFi applications create a system accessible to anyone, anywhere. Read all about their potential to change the future of finance here. - Published: 2023-02-23 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/how-will-defi-reshape-the-future-of-digital-finance/ - Categories: Crypto - Tags: crypto, DeFi, future of finance, traditional finance As the world adopts digital advancements, financial systems are also changing. One of the most noteworthy developments in recent years is decentralized finance, also known as DeFi. DeFi has the potential to revolutionize how traditional finance and change the future of finance. In this article, we will delve into the advantages, growth, and future possibilities of this innovative technology. What is DeFi? DeFi refers to a financial system that operates on digital ledger technology like blockchains. These ledgers allow the recording and storage of transactions across a network of computers. Unlike traditional finance, which is centralized and controlled by banks and centralized financial institutions, DeFi is decentralized. Meaning it is powered by smart contracts and code rather than intermediaries that do the work of banks. Powered by the network of computers, they ensure that transactions are verified, and the transactional history is immutable. The role and growth of DeFi DeFi has seen rapid growth in recent years. The total value locked in DeFi protocols surpassed ₹413 crore in 2022. This growth, despite the FTX collapse, can be attributed to the advantages DeFi offers over traditional finance. One of the primary benefits of DeFi is its openness and transparency. Anyone with an internet connection and a crypto wallet can transact. And any user can verify transactions. The former makes it possible for people who do not have access to traditional financial services to join the global financial system. The latter ensures transparency and accountability. DeFi also offers faster and cheaper transactions... --- ### Liquid funds: Benefits, returns, and risks involved > What are liquid funds? A type of mutual fund, is the short answer. The long answer? Well, that’s what the rest of this article is for. - Published: 2023-02-23 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/mutual-funds/liquid-funds-benefits-returns-and-risks-involved/ - Categories: Mutual Funds - Tags: Liquid funds, liquid mutual funds, mutual fund What is a liquid fund? A type of mutual fund, is the short answer. The long answer? Well, what do you think the rest of this article is for? What are liquid funds? (The long answer) Liquid mutual funds focus on debt funds. That means the money from this fund flows into fixed-income instruments such as commercial paper, government securities, and treasury bills. They come with a maturity period of up to 91 days, but the NAV is calculated for 365 days. That said, with liquid mutual funds, it only takes a maximum of 24 hours to withdraw money. They are a great way to ensure liquidity. Hence the name. These have the lowest interest rate risk, so investors need not worry about bond interest rate fluctuations. However, investors do need to have a clear view of the investment horizon. Because these funds are classified depending on duration. There are sixteen categories, including overnight funds and long-duration funds, that span 7 years. How do liquid funds work? Now that you know what a liquid fund is, it’s time to learn how it works. The focus of these funds is to offer investors liquidity and capital protection. So, as per the scheme mandate, the fund manager chooses top-quality debt securities and investments. While doing this, the manager ensures that the portfolio’s average maturity is not over 91 days. The risk of changes in interest rates is minimal for shorter maturity. The manager also matches the maturity of securities with the portfolio... --- ### How a mutual fund distributor is different from an investment advisor > Mutual fund distributors are not investment advisors, so it is important to know the difference. Learn more with this article. - Published: 2023-02-23 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/mutual-funds/mutual-fund-distributors-vs-investment-advisor/ - Categories: Mutual Funds - Tags: IA, MFD, mutual fund Suppose you are interested in mutual funds. Do you contact Mutual Fund Distributors (MFDs) or Investment Advisors (IAs)? Read this to find out how they are different and to learn whom to contact for what. After all, you don’t want to be the person who goes to the post office and asks to buy a bar of chocolate—IYKWIM. Understanding the roles and responsibilities of mutual fund distributors and investment advisors Mutual fund distributors are not the same as investment advisors. So if you’re planning to invest in mutual funds, it would help to know the difference between them. Who is a mutual fund distributor? A Mutual Fund Distributor or MFD provides details about different mutual fund schemes. They help with the purchase/sale of mutual fund units/shares. A distributor registers with the Association of Mutual Funds in India (AMFI). They offer all kinds of help—from choosing the right fund to assisting with paperwork. Essentially, they see you through the whole process of investing in mutual funds. Who is an investment advisor? An Investment Advisor or an IA provides advice on investment matters. The advice can pertain to a range of topics, such as portfolio management, asset allocation, and financial planning. The advisor must register with the Securities and Exchange Board of India (SEBI). They must also have the requisite qualifications and experience and follow the code of conduct. Similarities and differences between mutual fund distributors and investment advisors Different as they are, there are some similarities between MFDs and IAs. To... --- ### The best crypto DAO projects to look out for in 2023 > A crypto DAO project is business governed by its community through voting. Learn all about 3 of the best DAO projects with this article. - Published: 2023-02-23 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/the-best-crypto-dao-projects-in-2023/ - Categories: Crypto - Tags: crypto, dao, decentralized autonomous organization A growing number of crypto projects are adopting a democratic style of governance and decision-making. In this type of system, a DAO plays an essential role. DAO members have a vote on how the business runs and develops. In this article, we examine some of the top crypto DAO projects in 2023. What is a DAO? It’s crucial to comprehend what a crypto DAO project is before diving into the topic at hand. A Decentralized Autonomous Organization (DAO) project is a community-run business. The community uses smart contracts and blockchain technology to conduct its business. The members govern the DAO and have the power to vote on crucial issues. Things that are put to the vote include investing, administration, and community development. So a DAO decides how the organization is run, how money is invested, and how it develops over time. The organization’s initiatives stretch the possibilities of a project and may have a big impact on the development of the blockchain sector. Top 3 crypto DAO projects A wide variety of DAOs are now available to investors. They focus on a variety of markets, sectors, and objectives. Let’s examine three of the more well-known crypto DAO projects—LidoDAO (LDO), MakerDAO (MKR), and BitDAO (BIT). 1. LidoDAO (LDO) LidoDAO, a decentralized platform, is a liquid staking platform. Users can stake their Ether (ETH) on the LidoDAO to receive stETH in return. stETH is the native token of Lido, and it symbolizes the stake ETH. Lido uses LDO to serve as proof... --- ### What is a grid trading bot? > Grid trading bots are trading bots that allow you to place a string of buy-and-sell orders within a specified price range. - Published: 2023-02-22 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/what-is-a-grid-trading-bot/ - Categories: Crypto - Tags: grid trading bot The term "crypto trading bot" refers to computer programs engineered to trade crypto automatically in various exchanges. They carry out the necessary tasks on the client's behalf. These automated programs buy and sell crypto at the best possible times. What is grid trading? A grid trading bot is a type of trading bot that helps you execute the grid trading strategy. It allows you to place a string of buy-and-sell orders within a specified price range. When a sell order is completed, the bot immediately places an order to purchase at a lower grid level and vice versa. What is grid trading? Grid trading is a method of trading that entails placing a string of buy-and-sell orders at predetermined intervals around a predetermined, set price. This is how a commerce grid is created. It is most effective in a competitive marketplace with frequent price fluctuations. It ensures profitability whenever the selling price exceeds the price at which it was purchased. Grid trading automatically implements low purchase orders that result in high sell orders, obviating the need for market forecasting. Advantages of grid trading Relatively simple application Fundamental analysis requires continuous, thorough monitoring and tracking of valuations, growth drivers, sector dynamics, and financial projections. However, grid trading only requires price as an input. Furthermore, as soon as the appropriate price levels have been established, the strategy theoretically continues to run itself without the trader's involvement. Therefore, it is not necessary to closely monitor the market. Customizable Depending on their specific preferences... --- ### How to pick a crypto for day trading? > Day trading can initially seem challenging, especially if you need to learn about trading strategies and make the correct coin selection. - Published: 2023-02-22 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-to-pick-a-crypto-for-day-trading/ - Categories: Crypto - Tags: crypto trading strategy, day trading Despite its risks, day trading in stock markets attracts investors in droves. The crypto market, though relatively nascent, is no different, with confident investors embracing crypto day trading. However, day trading can initially seem challenging, especially if you need to learn about trading strategies and make the correct coin selection. Here, we offer a day trading guide that will help you pick a crypto for day trading. Understanding the basics of day trading in crypto Before you learn how to choose the best crypto for day trading, we will discuss the basics of crypto day trading and how it works. What is day trading, and how does it work in the crypto market? Day trading involves various techniques that enable traders to benefit from price changes within a limited timeframe. A day trader aims to have the highest value of their holdings at the end of a trading day compared to the beginning. Much like stock market traders scouring multiple exchanges in a single day of trading, traders in the crypto market follow the same strategy. The only difference is the increased risks and higher returns in the latter. If you have a successful trading session, the worth of your assets will be higher than when you began. The process starts with developing strategies for trading and choosing financial assets. Setting realistic expectations for crypto returns from day trading Crypto prices, we all know, are highly volatile. In fact, outsized returns and high risks go hand in hand in day... --- ### What is IC15, India's first cryptocurrency index > IC15 enables investors to monitor the price of different cryptos. Read on to learn more about this crypto index. - Published: 2023-02-22 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/what-is-ic15-indias-first-cryptocurrency-index/ - Categories: Crypto - Tags: cryptocurrencies, IC15 Most of us are familiar with stock market indexes such as the BSE Sensex and the S&P 500, which are market performance indicators. Crypto, a relatively nascent investment vehicle, operates without the involvement of a trusted third party (such as central banks). And blockchain is the underlying technology that makes it possible. Like stock markets, cryptocurrencies also have indexes, such as IC15, that enable investors to monitor the price of different cryptos. Let us understand more about this crypto index and the crypto ecosystem in general. What are cryptocurrencies? Cryptocurrency is a form of digital or electronic money that is encrypted and almost impossible to copy or counterfeit. Blockchain technology is the foundation of several crypto-based decentralized networks. Blockchain is a distributed database controlled by a vast computer network. Cryptocurrencies enable safe online transactions without intermediaries. These entries are protected using various cryptographic techniques, such as hashing, data encryption pairs, and curve encryption. You can mine crypto, purchase them from exchanges, or pay with them when engaging in blockchain activities. How do cryptocurrencies work? Crypto is transferred from one person to another without the involvement of third parties like banks. The high-level encryption technology in these networks ensures that specific parties can buy, sell, or transfer digital currency. But first, let us understand how the whole ecosystem works, starting with mining. Mining: Cryptocurrency mining is essentially about updating the digital ledger—the blockchain—to record a transaction. Crypto miners lend their computing power to validate blocks of transactional data and update the... --- ### Token offerings (ICOs, STOs, and IEOs): Different types of token offerings > Learn what is ICO, STO, and IEO, in the crypto market. Definiton, key purposes, similarities and differences. - Published: 2023-02-22 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/token-offerings-icos-stos-and-ieos-different-types-of-token-offerings/ - Categories: Crypto - Tags: crypto, ICO ICO (Initial Coin Offering) What is ICO? It is similar to an IPO in the stock market, where a company sells its shares to the public. In an ICO, a crypto project or firm sells a new crypto to raise money, and investors receive crypto in lieu of their monetary contribution. First, the project team publishes a white paper detailing the project and its goals. Investors can purchase the project's tokens using cryptos such as Bitcoin or Ethereum. ICOs gained popularity thanks to ease of access, but risks stem from a lack of regulation and the potential for fraud. In fact, many ICOs have been plagued by scams and failed to deliver on their promises. Definition and purpose ICO is an event that helps generate funds for businesses and projects in the crypto or blockchain ecosystem by offering new digital tokens or coins to investors in exchange for other crypto or fiat cash. The purpose of an ICO is to offer a mechanism for a business or project to get finance without using conventional financing channels such as venture capital or banks. ICO coins constitute a more decentralized and democratic method of raising cash, enabling participation from anybody with an internet connection, regardless of geography or financial standing. IPO (Initial Public Offering) An initial public offering (IPO) is when a company offers its shares to the public for the first time, usually through an investment bank. The goal of an IPO is to raise capital and provide liquidity to existing... --- ### Filecoin and Web3: How the network contributes to the decentralized web > Learn what is web3 and how Filecoin plays a key role in the development of Web3 ecosystem with its decentralized storage network. - Published: 2023-02-22 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/filecoin-and-web3-how-the-network-contributes-to-the-decentralized-web/ - Categories: Crypto - Tags: crypto, filecoin, web3 Introduction to Filecoin and the Decentralized Web What is Filecoin? Filecoin is a decentralized storage network that offers a safe, dependable, and cost-effective method of storing and retrieving data. It employs a decentralized and trustless network to let individuals save or access information independent of a centralized authority. In other words, Filecoin enables one to buy space on the Filecoin blockchain network for file storage. What is Web3? Closely aligned to the concept of Filecoin is Web3, the third version of the internet built on blockchain technology. Consumers and groups will have so much influence over their digital lives on a decentralized web. Filecoin's decentralized storage network is a crucial component of the decentralized web, allowing the development of apps that are resilient to censoring and offer enhanced security and privacy. Understanding the concept of Web3 The fundamental goal of Web3 is to build a decentralized web in which people and organizations may communicate directly. The aim is accomplished through distributed ledger technology (DLT), such as blockchain, which enables the construction of decentralized apps (dApps) that anybody with an internet connection may access and utilize. Web3 works on the concept of smart contracts, contracts that execute themselves and enable the automating of procedures and the exchange of value between entities. Anyone who has the rights can access and execute these blockchain-based contracts. Web3's ability to construct a censorship- and manipulation-resistant, trustless, and transparent system is one of the system's significant advantages. As blockchain data is irreversible and dispersed throughout a... --- ### What are commodity mutual funds: Various types and benefits > Commodity mutual funds in India provide exposure to commodities and commodity-related securities, helping to diversify portfolios. - Published: 2023-02-22 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/mutual-funds/what-are-commodity-mutual-funds-various-types-and-benefits/ - Categories: Mutual Funds - Tags: commodity mutual funds, mutual funds Commodity mutual funds invest in commodities, typically in a basket of commodities. Explore the benefits of investing in these funds, including diversification and exposure to goods traded such as oil, gold, and food grains. This blog post will discuss commodity mutual funds in India and their different types. Introduction to commodity mutual funds Commodity mutual funds are investment vehicles that provide exposure to commodities and commodity-related securities. These funds aim to provide investors with a diverse and balanced portfolio of investments in commodities, including precious metals, energy, agriculture, and industrial metals. In India, this type of investment has gained popularity as it can help diversify investor portfolios and mitigate risks associated with traditional equity and debt investments. Furthermore, this category offers several advantages to investors, such as professional management, liquidity, and convenience. Unlike direct investments in commodities, commodity mutual funds allow investors to partake in commodity markets without worrying about physical ownership or storage complexities. Besides, these funds offer exposure to various commodities, reducing the risk of investing in a single commodity. Understanding the basics and purpose of commodity mutual funds The mutual fund category enables individuals to invest in a diversified portfolio of commodities such as precious metals, energy, and agriculture. These funds provide investors with exposure to commodities, which can help reduce portfolio volatility and give diversification benefits. The goal is to generate returns that are not correlated with stock and bond markets. Furthermore, commodity mutual funds in futures contracts allow investors to take advantage of price movements... --- ### DigiByte wallet options and their security measures > DigiByte (DGB) is compatible with a variety of wallet options. Read this to know more about them and their security measures. - Published: 2023-02-22 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/digibyte-wallet-options-and-their-security-measures/ - Categories: Crypto - Tags: dgb, digibyte, wallets DigiByte is more than a faster digital currency. Its chain can host digital assets, smart contracts, and dApps. And its DigiByte (DGB) token plays a key role in the way the blockchain works. So if you’re someone who holds DGB or wants to, you should read this simple explainer on DigiByte wallet options and their security features. DigiByte wallet options There are many kinds of wallets that a trader can use to hold DGB coins. And they come in a variety of forms—desktop, mobile, web, and physical wallets. In this section, we give you the lowdown on all of them. Overview of the wallet options Your security, transparency, and simplicity preferences determine your ideal wallet. So it’s a good thing there are plenty of options for you to choose from when it comes to DGB storage. First, there are desktop wallets are software wallets installed on your computer. As they are not connected to the internet, they provide better security than online wallets. Next, there are mobile wallets. These are mobile applications that enable access to your DGB holdings while you’re on the move. Web wallets are pretty convenient, too. They offer access to stored DGB via a web browser. However, they come at the expense of security since your private keys are held online. Physical wallets provide the highest degree of security compared to other options. This is because they store your keys offline on a physical gadget. Then, finally, of course, there are paper wallets. Types of DigiByte... --- ### Making the most of volatility with mutual fund SIPs > Mutual fund SIPs are a great way to manage volatility and secure your financial future. Learn more about mutual fund SIP. - Published: 2023-02-22 - Modified: 2023-03-28 - URL: https://coinswitch.co/switch/mutual-funds/making-the-most-of-volatility-with-mutual-fund-sips/ - Categories: Mutual Funds - Tags: mutual funds, SIP Mutual fund Systematic Investment Plans (SIP) are probably going to be one of your more satisfying financial experiences. They give you plenty of freedom and take less time and effort to manage. If you’re young or just starting out investing, you definitely want to read this and learn all about them. Introduction to volatility and mutual fund SIPs Mutual fund SIPs are one of the most outstanding solutions in the world of financial planning. A sound financial strategy involves setting aside a fixed sum of money to put into a range of assets. And mutual fund SIPs help you do just that. They help you work your way through volatility and secure your financial future. Understanding the basics and purpose of mutual fund SIPs A Systematic Investment Plan (SIP) is one of the ways to participate in mutual funds. SIPs work by getting investors to make periodic, automatic payments of a fixed sum. This investment option can help you meet your long-term investment goals without the burden of lump sum payments. It does this by encouraging you to make investments routinely and plan ahead. To invest in a mutual fund via the SIP route, you will need to decide how much you can set aside. And how often you can do it. Further, it is important to understand the significance of linking SIPs with mutual funds in particular. After all, SIP is only a method of investing. It is not a product in and of itself. Mutual funds—the main product—primarily... --- ### What is a recovery phrase, and how does it work? > A recovery phrase helps protect users from losing access to their crypto. Want to learn more about it? Read this. - Published: 2023-02-22 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-is-a-recovery-phrase/ - Categories: Crypto - Tags: crypto, crypto wallet, recovery phrase, seed phrase A recovery phrase is one of the crucial parts of security in crypto. It is the last line of defense on a blockchain platform or crypto wallet service. This phrase/set of words helps protect users, ensuring they don’t lose access to their crypto. If you want to know more about it, keep reading. Introduction to recovery phrase This is a crucial aspect of crypto and blockchain technology. It acts as a kind of backup key if a hacker gains access to the account or device or the user loses access to the private key/password. What is a recovery phrase? A recovery phrase, also known as a seed phrase, is a sequence of words used to restore access to a crypto wallet. The phrase is generated when a crypto wallet is created and serves as a backup for the wallet's private key. It is essential to store the phrase in a safe and secure place as it gives access to all the funds held in the wallet. An explanation of the definition and concept of a recovery phrase A recovery phrase is essentially an extra key to your crypto wallet. It is a string of words that will allow you access to your wallet and its contents. The phrase is unique to each wallet and serves as a backup in case the wallet is lost or damaged. In the world of crypto, this phrase is crucial to keep your funds secure. It lets you back up your private key, so you... --- ### Everything you need to know about expense ratio > An expense ratio reflects how much a mutual fund or an ETF pays for portfolio management, among other expenses. Read on to know more! - Published: 2023-02-22 - Modified: 2023-09-21 - URL: https://coinswitch.co/switch/mutual-funds/everything-you-need-to-know-about-expense-ratio/ - Categories: Mutual Funds - Tags: expense ratio, mutual fund, mutual fund expense ratio Any service or product you avail or purchase comes at a cost. And mutual funds are no different. Fund houses or Asset Management Companies (AMCs) usually offer a wide variety of mutual funds. Experts from the company manage these funds. When managing a fund, there are many operating expenses involved. The mutual fund expense ratio is a share of the cost that investors have to take on. Learning all about them will you help you find a fund that suits your needs. What is a mutual fund expense ratio? The expense ratio is a percentage. It refers to the amount you’re giving the AMC as fees for managing your portfolio. It’s the per-unit cost for managing and running the mutual fund. The expense ratio differs from one mutual fund to the next. It’s calculated as a percentage of the daily investment value. Usually, you don’t actually pay for this separately. The formula for expense ratio To calculate the expense ratio, all you need is this simple formula: Expense Ratio = Total costs the mutual fund bears/Assets under management (AUM) Here, the numerator is the total expense the company incurs to manage your fund. The denominator is a sum of all the assets under management. Calculating expense ratio Expense ratio calculations work as follows: The lower the assets, the higher the mutual fund expense ratio and vice versa. Let’s assume a hypothetical mutual fund with an AUM of ₹1,000 crore with expenses of ₹20,000 crore. Thus, the expense ratio is ₹20,000... --- ### What are high-risk investments in mutual funds? > High-risk mutual funds are simply mutual funds made up of small and mid-cap investments. Read about their benefits. - Published: 2023-02-22 - Modified: 2023-03-28 - URL: https://coinswitch.co/switch/mutual-funds/what-are-high-risk-investments-in-mutual-funds/ - Categories: Mutual Funds - Tags: high-risk investments, high-risk mutual funds, mutual funds Some find mutual funds to be one of the most exciting investment options. And some find it even more exciting to choose high-risk mutual funds. If you’re one of those people driven by the thrill of it all, read this. Because there are some things you absolutely must know before you venture anywhere near them. What are high-risk mutual funds? Well, it’s simple. Mutual funds made up of small and mid-cap investments are called high-risk mutual funds. They might provide you with higher returns, but they also come with high risks. Also, among the two, small caps carry more risk than mid-caps. High-risk mutual funds features Before investing in high-risk mutual funds, you need to understand them well. That’s why we present to you some of the key features associated with these funds. Risk-reward ratio: High-risk funds are also high-return mutual funds. So, you can expect to get higher profits in the end if you invest in them. These funds invest in highly volatile securities and emerging companies. The scheme’s volatility is likely to average out in the long term, but there is no certainty with these things. Types: This is a single type of fund. Investors have multiple schemes to choose from within the high-risk category. For instance, you could look at hybrid equity funds, hybrid debt funds, funds of funds, or balanced funds, too. Asset allocation: These funds invest in highly volatile securities—startups and other emerging companies, for example. The asset allocation strategy plays a key role in... --- ### The impact of mining on the value and stability of crypto > Crypto mining is essential for the upkeep of the blockchain. But do you understand the impact of mining on token value and stability? - Published: 2023-02-22 - Modified: 2023-03-28 - URL: https://coinswitch.co/switch/crypto/the-impact-of-mining-on-the-value-and-stability-of-crypto/ - Categories: Crypto - Tags: crypto, mining, price, stability Cryptocurrency mining is one way to bring new tokens into circulation while getting users to verify transactions. It is also a crucial part of the upkeep and growth of the blockchain. In this article, we look at the impact of mining on the value and stability of crypto. What is crypto mining? A quick refresher So you probably know what the mining mechanism does and how it works, but here’s a quick refresher. In crypto mining, users compete to solve a complex problem while lending computational power to the network. The borrowed power during mining helps keep the blockchain safe. The miner who solves the problem also simultaneously brings crypto into circulation. And they are incentivized to keep doing it because they get a crypto reward. Crypto mining is laborious, expensive, and only seldom profitable. However, because miners get compensated in crypto for their efforts, it has a strong appeal. Understanding the relationship between cryptocurrency mining and value The value of crypto increases when the demand is high, and supply is low. So the number of new tokens in circulation and the number of people selling off their tokens help determine a crypto’s value. How cryptocurrency mining affects the supply of and demand for a specific crypto More than one variable affects the crypto supply and demand, but the focus here is on mining. Mining brings more coins into circulation. Therefore, it increases the supply in circulation. However, there is a limit to how many coins can come into circulation... --- ### Charges applicable on demat accounts, and how to avoid them > Demat accounts come with a variety of charges. It helps to be clear bout them before you begin investing. Read on to learn about them. - Published: 2023-02-22 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/charges-applicable-on-demat-accounts-and-how-to-avoid-them/ - Categories: Indian Stocks, Personal Finance - Tags: demat account charges, demat account fees To transact in the Indian stock market, investors need to have demat accounts. So you’ve probably heard of them. But do you know what they really are and how the depositories that run them charge you? If you don’t understand the charges on demat accounts, this is where the answers are. What is a demat account? A quick refresher Demat accounts are those that depositories maintain to let traders operate in India. Depositories like the National Securities Depository Ltd. or the Central Depository Ltd. , store, in electronic form, the securities you invest in. The electronic or “dematerialized” nature of these records is what gives this account its name. The depositories also authorize financial service providers—like banks and brokerage firms—to function as depository participants (DPs) that provide demat services to investors. The depositories do all of this for a charge, of course. Understanding the charges on demat accounts Demat accounts come with a variety of charges. It helps to be clear bout them before you begin investing. Types of charges on demat accounts These charges vary according to the type of demat account. The charges are as follows:1. Account-opening charges are a one-time fee. The amount varies from DP to DP. 2. Annual maintenance charges apply to demat accounts every year. 3. Custodian fees are payment for the holding of the securities in the account in accordance with the correct value. 4. Transaction charges apply to each buy/sell transaction. Generally, this is charged on a percentage basis on the rupee... --- ### What is IDCW in mutual funds, and how does it work > IDCW in mutual fund allows investors to receive income and withdraw from their investments while keeping the principal amount invested. - Published: 2023-02-21 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/mutual-funds/what-is-idcw-in-mutual-funds-and-how-does-it-work/ - Categories: Mutual Funds - Tags: IDCW, mutual funds Are you interested in investing in mutual funds? If so, you may have come across the term IDCW. But what is IDCW in a mutual fund, and how does it work? IDCW stands for "Income Distribution cum Capital Withdrawal. " This type of dividend payout option allows investors to receive regular income from their investments while also maintaining their capital. This blog post will explore IDCW in more detail and explain how it works. Understanding IDCW in mutual funds IDCW method in mutual funds allows investors to receive income and withdraw from their mutual fund investments while keeping the principal amount invested. Knowing the IDCW option in a mutual fund is crucial for investors as it provides a regular income source while their investment stays intact. With IDCW mutual funds, investors can opt for periodic payouts or reinvestment of income to achieve their financial goals. Understanding IDCW is essential for investors to make informed decisions regarding mutual fund investments. A brief overview of the concept of IDCW in the mutual fund industry The concept of IDCW is relatively new in the Indian mutual funds industry. However, it is not an entirely new concept either as it was formerly known as Dividend Plans. SEBI, the market regulator, changed the name on April 1, 2021. In fact, SEBI renamed it as a section of mutual fund investors misunderstood the Dividend Plan as some sort of a bonus that their scheme is delivering in addition to returns from the scheme. If you choose... --- ### How does the concept of compounding apply to mutual funds? > The concept of compound interest works wonders on your investments, growing the amount you invest into a much larger amount over the years. - Published: 2023-02-21 - Modified: 2023-09-21 - URL: https://coinswitch.co/switch/mutual-funds/how-does-the-concept-of-compounding-apply-to-mutual-funds/ - Categories: Mutual Funds - Tags: compound interest, compounding, mutual funds Put simply, compounding is earning interest on interest. In other words, it means earning interest on the principal you invest in addition to the interest your investment generates. The concept of compound interest works wonders on your investments, growing the amount you invest today into a much larger amount over the years. Applying the concept of compounding to mutual funds Compounding means you not only receive the interest from the principal amount you invested but also keep generating interest from your investments. It essentially means reinvesting earnings from your initial invested amount. What is compounding? Compounding is the process of earning double interest from the principal investment and interest earned from that principal. The primary aspect of compounding is that it provides investors with interest on past-earned interest with base capital. It offers opportunities to establish a broad base that adds to past earnings. How does compounding work? Compound interest works on the principle of adding interest to interest. Investing the money in the principal amount will generate earnings. Also, the accrued interest will provide another form of earning from it. Compounding helps to increase and grow wealth over time. The concept of compounding in mutual funds Investing money in mutual funds can generate huge returns over the years. However, for compounding to work in mutual funds, you must commit money and time to reap the rewards. Mutual funds are investment instruments that help investors enjoy the full benefit of compounding. For example, you can invest a fixed amount in... --- ### What are the benefits of holding stocks for the long term? > Holding stocks for long-term investment can provide numerous benefits for investors. Read more about its benefits and strategy. - Published: 2023-02-21 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-the-benefits-of-holding-stocks-for-long-term/ - Categories: Indian Stocks, Personal Finance - Tags: Holding stocks for long-term, stock holding, stock holding strategy Are you looking to make a sound investment? Holding stocks for long-term investment can be a profitable strategy. Besides the potential for capital gains, it also lets the power of compounding work for your assets. Moreover, long-term holding offers stability and protection against market fluctuations. Why should you consider long-term stock holding? Holding stocks for long-term investment can provide numerous benefits for investors. First, it allows for potential growth over an extended period. In addition, it reduces the risk of market fluctuations that can occur in the short term. Moreover, holding stocks long-term may result in significant tax advantages. Furthermore, it can offer a stable income stream through dividends. Additionally, long-term stock holding allows investors to avoid the stress and hassle of constantly monitoring their investments. Finally, it provides the opportunity to invest in companies with solid fundamentals, which can lead to substantial gains in the long run. Key benefits of long-term stock holding for investors Holding stocks for long-term investment is one of the most popular ways to grow wealth over time. Stock market investing is inherently risky and inevitably involves losses. By holding onto stocks for an extended period, investors are more likely to experience a positive return on the investment. One of the primary long-term investment benefits is the ability to benefit from the power of compounding. It means that the longer you hold onto a stock, the more interest you can earn on your investment. It can result in significant returns over time, even if the... --- ### What are T2T stocks, and how to trade in them > T2T stocks or Trade-to-Trade stocks form a separate category on the Bombay Stock Exchange and the National Stock Exchange. Read on. - Published: 2023-02-21 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-t2t-stocks-and-how-to-trade-in-t2t-stocks/ - Categories: Indian Stocks, Personal Finance - Tags: T2T stocks, trade-to-trade stocks T2T stocks or Trade-to-Trade stocks form a separate category on the Bombay Stock Exchange and the National Stock Exchange. In other words, exchanges move highly speculative shares to the Trade-to-Trade (T2T) segment. Exchanges often move stocks to the T2T sector after consulting with market regulator SEBI. You can find these stocks on the notices page on BSE or NSE. Switching to T2T is a move to reduce unwarranted stock speculation. Due to the vulnerability of ordinary investors to being caught up in erratic price swings, SEBI is always on the lookout for volatile equities. We will discuss all aspects related to T2T stocks in this blog post. Definition of T2T stocks Trade-to-trade stocks must be delivered before they can be traded (T+2 settlement). Hence, intraday position squaring is not allowed in T2T stocks since it can fuel further speculative activity. So, if you buy trade-to-trade equities today, you can sell them once the T+2 settlement is done. You cannot sell these stocks the same day or before you get them in your demat account. Types of T2T stocks To safeguard investors' interests, NSE and BSE group these stocks together. The classification is based on several qualitative and quantitative factors, such as an inflated P/E ratio, a wide range of prices, and a significant decline in market capitalization. The following is a summary of every one of these BSE subgroups: Stocks that are traded frequently on the BSE A group market. Stocks in the BSE Z group: Stocks that have been... --- ### Token-powered social networks: How they reward users in metaverse-based social networks > Token-powered social network is a decentralized social network that uses blockchain technology and crypto to incentivize users. - Published: 2023-02-21 - Modified: 2023-06-09 - URL: https://coinswitch.co/switch/crypto/token-powered-social-networks-how-they-reward-users-in-metaverse-based-social-networks/ - Categories: Crypto - Tags: metaverse, Token, Token-powered social network Token-powered social networks Token-powered social network is a decentralized social network that uses blockchain technology and crypto to incentivize users' participation in the network. The users of these networks may earn tokens by generating the content, remarking on content, or voting on content. The tokens may be used inside the network to get access to extra features or services, or they can be sold for other crypto or fiat cash on crypto exchanges. Token-powered social networks give economic rewards for users to engage and contribute to the network, which is one of its primary advantages. This may contribute to building a more engaged and active user community. Moreover, since the network is decentralized and runs on a blockchain, users have greater control over their data and the content they generate. Introduction to token-powered social networks Token-powered social networks are new online social networks that use blockchain technology or crypto to provide a different type of social interaction or economic incentives. In conventional social networks, such as Facebook & Twitter, the value is produced by users who develop and share content, but the platform administrators take the value. Token-powered social networks attempt to share the value generated by the users back to the users. How tokens work in social networks Token-powered social networks provide users a way to earn rewards for contributing to the network. The tokens used in social networks are often based on blockchain technology, which allows for decentralized and transparent transactions. The blockchain provides a record of all... --- ### What is a blend fund? > A blend fund is a mutual funds that combines value stocks and growth stocks to give better returns. Read this for more. - Published: 2023-02-21 - Modified: 2023-10-16 - URL: https://coinswitch.co/switch/mutual-funds/what-is-a-blend-fund/ - Categories: Mutual Funds - Tags: Blend fund, hybrid funds, mutual funds Think of an Indian thali. Why do we love them? Because it’s nice to mix things up sometimes. Blend funds are the equivalent of a thali meal. They give you the best of both worlds as far as value stocks and growth stocks go. What is a blend fund? A blend fund is an equity investment option in mutual funds. It combines value stocks and growth stocks to give better returns. By doing this, blend funds also allow for portfolio diversification. As a result, they come with better stability and growth prospects. Blend funds are a type of hybrid fund. You can read more about hybrid funds here. How do blend funds work? We now know that, by definition, blend funds are a combination of growth stocks and value stocks. In this section, we break down each of those terms a little more so you can understand how blend funds work better. Growth stocks: These stocks, also known as earning stocks, are expected to grow faster than most others on an exchange. They are the stocks of companies that show potential for growth in earnings and capital gains. The growth fund stocks rarely pay dividends. But they look expensive and often trade at a high price-to-earnings ratio. Value stocks: Value stocks have a low share price-to-earnings ratio. These are usually undervalued stocks. People, therefore, invest in them on the basis of their fundamentals. They often pay regular dividends. The value stocks typically underperform when the growth stocks are doing better... --- ### Top renewable energy stocks in India: Why should you invest in them? > India is the third-largest producer of renewable energy, making it a great place to invest in renewable energy stocks. Read about them here. - Published: 2023-02-21 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/top-renewable-energy-stocks-in-india-why-should-you-invest-in-them/ - Categories: Indian Stocks, Personal Finance - Tags: green stocks, indian stocks, renewable energy stocks India is now the third-largest producer of renewable energy after US and China, according to an Ernst and Young index. This is thanks in part to the country’s rapidly growing population and increased awareness of the importance of environmentalism. If you’re interested in renewable energy stocks, India is a good place to start. In this article, we share a list of the five top renewable energy stocks in India. So if you’re looking to invest in a clean future or just want to diversify your portfolio, you may want to give this a read. What are renewable energy stocks? Let’s start with the basics. Renewable energy refers to any energy source that does not harm the environment. These sources are often called green energy because they are eco-friendly. Renewable energy is energy that is replenished naturally. Such energy sources are usually natural resources such as sunlight, wind, rain, tides, and geothermal energy. They are not depleted when used and are, therefore, sustainable. Renewable energy stocks are those that invest in clean energy sources such as solar, wind, and hydropower. These stocks are becoming increasingly popular as the world looks to reduce its carbon footprint. What are the benefits of investing in renewable energy stocks? Renewable energy is the future. We are living in a time when the world is starting to realize this, and more and more companies are starting to invest in renewable energy. These companies are essentially seeking to capitalize on the benefits of associating with it. Whatever... --- ### The pitfalls of mutual fund SIPs: A guide for small-cap investors in volatile markets > Small-cap mutual funds can be volatile due to the stock market's price fluctuation. Learn how to manage as a small-cap mutual fund investor. - Published: 2023-02-21 - Modified: 2023-03-28 - URL: https://coinswitch.co/switch/mutual-funds/a-guide-for-small-cap-mutual-fund-sip-investors-in-volatile-markets/ - Categories: Mutual Funds - Tags: Mutual fund investing, small cap, volatility Mutual funds are run by companies that pool investor funds, creating a mutually beneficial investment. The fund manager who collects the funds invests them in stock markets, bonds, and short–term debts. This helps yield better returns while minimizing risks. Given all of these amazing benefits, people love to invest in them. And mutual fund investors with limited money opt for Systematic Investment Plans or SIPs, which allow you to invest a small fixed sum each month/year. But what’s the flip side of SIPs for small-cap mutual fund investors? Understanding small-cap investors and volatile markets Small cap refers to a small company that has low market capitalization figures. The better profit opportunities that come with investing in small-cap stocks are the main advantage. What are small-cap investors? Small-cap investors are those who invest in young companies and startups. The companies are publicly traded companies on the stock market. Those who invest in small caps are usually seeking growth, which they do offer. But they also come with significant risks and volatility. So to be a good small-cap investor, one has high-risk tolerance and plenty of patience. How does volatility affect small-cap investments? Those investing in small caps need to be aware of the risk and volatility that comes with them. The stock market’s price fluctuation tends to heavily influence these stocks, so they can be rather volatile. The stocks do tend to perform well when the market is on an uptrend and underperform when the economy is down. When the stock... --- ### What is a mutual fund portfolio, and how to make one > A mutual fund portfolio is important if you’re looking to diversify your investments. Read on to understand the basics. - Published: 2023-02-21 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/mutual-funds/what-is-a-mutual-fund-portfolio/ - Categories: Mutual Funds - Tags: mutual fund, mutual fund portfolio Are you interested in investing but unsure where to start? Creating a mutual fund portfolio might be worth looking into. In this beginner’s guide, we cover the basics of what it is and offer step-by-step instructions on how to create one. So let’s get started! Understanding mutual fund portfolios Understanding mutual fund portfolios are important if you’re looking to diversify your portfolio. So how do you know how to create one? Well, investors get to structure the portfolio to meet specific investment objectives. That means they can choose from a variety of investment options to achieve their goals. They can be designed to offer a steady income, high growth opportunities, or a combination of the two. Investors can also adjust the risk profile of their portfolio. To create a diverse portfolio, they can allocate funds to various assets with differing levels of risk. With this option by your side, investors are better equipped to make well-informed decisions. The definition and overview A mutual fund portfolio is a collection of various investments, including equity, fixed-income, and alternative investment funds. A professional fund manager is usually responsible for managing it. The portfolio management style may be active or passive, depending on your investment strategy. The portfolio of mutual funds is designed to meet the investment objectives of investors. It helps with diversification. Investors can buy a mutual fund portfolio via a financial advisor or a mutual fund company. The fund manager can customize the fund on the basis of the investor’s financial... --- ### What are AMFI mutual funds in India, and how do they work? > AMFI is a self-regulating body that plays a key role in promoting the growth of mutual funds in India. Read this to learn about it. - Published: 2023-02-21 - Modified: 2023-10-12 - URL: https://coinswitch.co/switch/mutual-funds/what-are-amfi-mutual-funds-in-india-and-how-do-they-work/ - Categories: Mutual Funds - Tags: AMFI, certified mutual funds, Mutual fund investing AMFI mutual funds are managed by a self-regulated body of professionals in India. Like all mutual funds, this one combines funds from various investors to purchase securities. Investing in these mutual funds is simple, and it offers high potential returns. Here’s where we help you understand what AMFI is and how these funds work. Introduction to AMFI and its mutual funds in India The Association of Mutual Funds in India, or AMFI, is a self-regulated body that was set up in 1995. It plays a vital role in promoting the growth of the mutual fund industry in India. With over 42 member organizations as of 21 February 2023, AMFI aims to foster transparency, stability, and investor protection. AMFI sets ethical standards for the mutual fund industry and ensures adherence through regular monitoring and supervision. It also provides training and education to mutual fund distributors and investors. With all of these contributions, AFMI helps increase the country’s financial literacy. Investing in mutual funds through AMFI-registered distributors provides several benefits. For instance, access to professional investment advice and a wide range of investment options. Furthermore, because AMFI investments are regulated and relatively transparent, they offer investors peace of mind. Understanding the basics and the concept of these mutual funds in India So, what is an AMFI mutual fund? And how does AMFI help define the concept of mutual funds in India? Mutual funds that the AMFI overlooks are AMFI mutual funds. Mutual funds in India, as in other parts of the world,... --- ### Best cryptocurrencies to invest in India in 2023 for the short term > This blog post discusses the future cryptocurrency to invest in India for the short term. Read on to learn about them. - Published: 2023-02-20 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/best-cryptocurrencies-to-invest-in-india-in-2023-for-the-short-term/ - Categories: Crypto - Tags: Findscan, Heisenberg Research, Omniscape, Wolfpad, YPRED As crypto has gained popularity in India, many investors are thinking about the potential advantages of investing in these digital assets. Despite the wide variety of crypto available, some are considered better investments than others, depending on the goals and time horizon of the investor. Though it is difficult to predict the future cryptocurrency to invest in, this blog post will discuss the best crypto for the future to buy in India for the short term in 2023. yPredict. ai yPredict. ai, a revolutionary investment platform, is helping investors in making money off the fast-emerging crypto market. yPredict. ai can analyze enormous amounts of data, spot patterns, and make incredibly precise predictions about the future cryptocurrency to invest in by utilizing the power of artificial intelligence and machine learning. Using yPredict. ai to make precise and trustworthy predictions about crypto prices is one of the biggest advantages. The forecasts can aid investors in making knowledgeable choices about which crypto to buy and sell to make greater profits. Investors of all experience levels can use yPredict. ai as it is user-friendly and intuitive, besides having sophisticated prediction algorithms. Users of the platform can customize their investments to meet their unique needs and objectives by choosing from a variety of investment options, including long-term and short-term strategies. Wolfpad Wolfpad is a user-friendly note-taking and planning tool that has many features to help users work as efficiently as possible. Users of Wolfpad can quickly create and arrange notes for various projects and ideas,... --- ### The rise of the gaming economy powered by blockchain > Blockchain gaming provides increased security, faster payments, and the ability to create unique digital assets. - Published: 2023-02-20 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/rise-of-the-gaming-economy-powered-by-blockchain/ - Categories: Crypto - Tags: blockchain gaming, crypto Blockchain is a distributed digital ledger technology that enables secure, transparent, and decentralized transactions. It allows data to be stored in a tamper-proof and immutable way, making it resistant to manipulation or hacking. In online gaming, blockchain game offers several benefits, such as increased security, faster and cheaper payments, and the ability to create unique, verifiable digital assets. Major problems players face in online gaming Limited adoption: Although blockchain technology has recently received much attention, it is still in the early stages of adoption, and most online gaming platforms don't use it. This implies that the advantages of blockchain, such as improved security and transparency, might not be available to players. Technical complexity: Blockchain technology can be complex and difficult to understand, which may be a barrier for some players. The complexity can also make it difficult for online gaming companies to integrate blockchain into their platforms. User experience: Blockchain-based solutions may not always offer the best user experience. For example, players may have to download and manage their own digital wallets to participate in blockchain-based games, which can be a barrier to entry. Besides, the user interface of blockchain-based games may not be as intuitive or polished as traditional games. Blockchain in Gaming With blockchain, players can experience increased security, faster and cheaper payments, and the ability to create unique, verifiable digital assets. Leveraging the decentralized and transparent nature of blockchain game development can provide players with a more trustworthy and immersive experience. In addition, the technology's tamper-proof and... --- ### Best small cap stocks you can consider investing in 2023-24 > Small cap stocks offer higher returns due to their greater growth potential, but are suitable for investors who are eager to take more risk. - Published: 2023-02-20 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/best-small-cap-stocks-you-can-consider-investing-in-2023/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, small cap How do small cap stocks work? Small-cap stocks represent an exciting investment opportunity for investors willing to take more risk for greater rewards. Small-cap stocks are shares of firms whose market cap is less than ₹500 crores. Although investors frequently pay more attention to larger companies, some of the top small cap stocks offered by some of the best small cap mutual funds India can offer higher returns due to their greater growth potential. Small-cap companies typically have innovative products or services that are still being fully recognized by the market and are in the early stages of growth and expansion. It's crucial to remember that small-cap stocks can be riskier and more volatile than those of bigger, more established companies. They are more vulnerable to changes in the economy and the state of the market. However, investing in the best-performing small-cap mutual fund can present an exciting opportunity to potentially achieve significant long-term growth and profitability for those willing to take on some risk. Here are a few small-cap stocks you can consider for investments. Ujjivan Financial Services Ujjivan Financial Services is a well-known financial company that offers a number of financial services to its clients. With an emphasis on financial inclusion and empowerment, Ujjivan Financial Services has established itself as a reliable business partner for many people and organizations in India. The bank’s dedication to ensuring that everyone has access to financial services, especially in underserved and unbanked areas, has helped many individuals and communities. The business has... --- ### A guide to picking top 7 FMCG stocks in India in 2023 > FMCG stocks offer stable investment opportunities with low risk and consistent returns, and are not sensitive to economic cycles. - Published: 2023-02-20 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/a-guide-to-picking-top-7-fmcg-stocks-in-india-in-2023/ - Categories: Indian Stocks, Personal Finance - Tags: FMCG stocks, indian stocks The fast-moving consumer goods (FMCG) sector is one of the largest sectors of the Indian economy. Households spend a considerable part of their income every month buying consumer staples. They also appeal to investors because they provide a stable investment opportunity with low investment and consistent returns in the form of dividends. Interestingly, these stocks are not sensitive to economic cycles, as people tend to buy them even during downturns. Here, we have compiled a list of the top 7 FMCG stocks in India, which you may find helpful if you're interested in diversifying your portfolio. Hindustan Unilever HUL, which started operations in 1933, is one of India's most trusted brands in household goods. HUL's market cap is ₹5. 88 lakh crore, and the company's products are sold in more than 150 countries. HUL is a conglomerate in the personal care, beverage, and houseware industries. With annual global sales of $60 billion, HUL is among the largest FMCG stocks and ranks among the top consumer brands in the world. HUL has the largest market capitalization of all FMCG companies in India. HUL's dividend payout ratio is around 90%. Godrej Consumer Products Ltd. Godrej Consumer Products, headquartered in Mumbai, has a market capitalization of over ₹83,000 crores. Food, cleaning supplies, toiletries, electronics, and medical supplies are just some of the many categories covered by the company's catalog. The firm is known for brands such as Godrej Fair Glow, Godrej No. 1, Cinthol, Renew, ColourSoft, Godrej Shikakai, Godrej Powder Hair Dye, and... --- ### What is volatility in the stock market? > Volatility in the stock market measures the rate of change in the stock's price. It sometimes indicates risk. Learn more about volatility. - Published: 2023-02-20 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-volatility-in-the-stock-market/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, volatility There’s no way to avoid the word “volatility” if you’re even remotely connected to the stock market. It’s a word that suggests potential unpredictability or danger. But is it all bad? And how do you measure volatility in the stock market? Learn all about that and more in this article. What is stock market volatility? A stock has increased volatility if its price makes rapid swings between highs and lows. Stocks are less volatile when their prices move slowly or remain relatively stable. Volatility is, therefore, the rate of fluctuation in prices during a specific period of time. And stock market volatility is a measure of the rate of change in the price of a stock. Volatility—irrespective of the market—thus indicates the risk involved in investing due to price fluctuation. While market volatility does indicate risk, that need not always translate into losses. Experienced traders, for instance, can use options contracts to benefit from market volatility. What drives stock price volatility? The stock market’s volatility is the result of a wide range of factors. A few of the key ones are: Demand and supply: The connection between demand and supply and volatility is relatively obvious. When a stock is hyped up in the media, for instance, the demand increases rapidly, leading to volatility. Geopolitical factors: Various political events—from elections to wars—in a region can have a tremendous impact on investors and stock prices. The state of the economy: Similarly, the economic decisions a government takes and the economic data—from inflation... --- ### How to invest in crypto without buying > Crypto investment has a few risks, but there are ways to invest without buying in. Check out these indirect crypto investments. - Published: 2023-02-20 - Modified: 2023-03-23 - URL: https://coinswitch.co/switch/crypto/how-to-invest-in-crypto-without-buying-it/ - Categories: Crypto - Tags: crypto etf, crypto mutual funds, indirect crypto investments In the world of investing, the rise of crypto has generated a lot of buzz. But due to their volatile nature, these new assets present risks and opportunities. While purchasing tokens, such as BTC or ETH, might seem like the simplest way to invest in crypto, there are other ways. If you want to know how to invest in crypto without buying any, keep reading. Because this article is about indirect crypto investments. What are indirect crypto investments? Indirect crypto investing is investing without actually purchasing and holding crypto. Instead, the investor pumps their money into businesses or funds that have a stake in crypto. One example of this type of investment is Exchange-Traded Funds (ETFs). Those who invest in ETFs are investing in firms that specialize in crypto mining or crypto-related businesses. Another route is buying stock in a publicly traded company that works in the crypto industry. For instance, you could buy into Square or MicroStrategy. Both of these firms have significant Bitcoin investments. The risks and complexities of directly owning and managing crypto are well known. Indirect crypto investing, therefore, works better for investors looking to get exposure to the potential upside of the crypto market while reducing the risk exposure. Mutual funds and crypto ETFs: Two key indirect crypto investments Investment products such as crypto mutual funds and ETFs enable investors to gain exposure to the crypto market without having to purchase and hold any crypto. They help diversify investor portfolios and lower some of the... --- ### Understanding maker and taker fees in crypto > Maker and taker fees are two types of trading fees that investors have to pay while trading crypto. Learn why crypto exchanges levy them. - Published: 2023-02-20 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/understanding-maker-and-taker-fees-in-crypto/ - Categories: Crypto - Tags: Crypto exchanges, maker fee, taker fees Maker and taker fees are two types of trading fees that investors have to pay while trading crypto. But what specifically do they mean? And why are they called that? Learn all about these two crypto trading fees that most exchanges levy. Crypto trading fees Cryptocurrency trading fees are charges that exchanges impose for trading on them. The fees vary from one exchange to another. Sometimes, they can significantly impact the traders’ profit margins. The two main types of fees in cryptocurrency trading are maker fees and taker fees. Understanding these fees will help you, as a crypto trader, make better-informed decisions that will help you maximize profits. Market makers are traders or firms that provide liquidity by continuously placing buy and sell orders on the exchange. They make money by earning the spread, the difference between the bid and asks prices. These traders also play an important role in ensuring that the markets function efficiently and are an important component of the cryptocurrency ecosystem. Market makers and takers Market maker firms or individual traders play a crucial role in the crypto industry. They provide liquidity to the market, making it possible for buyers and sellers to trade crypto quickly. The market maker individual or firm does this by buying and selling large volumes of an asset. Their intention is to seek profit from the bid–ask spread, but in the process, they create liquidity in the market. Maker orders are essentially limit orders. That means they are not immediately executed... --- ### How does Internet Computer (ICP) work? > ICP uses blockchain tech to allow the building of online services without traditional IT such as cloud computing services. Learn more here. - Published: 2023-02-20 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/how-does-internet-computer-icp-work/ - Categories: Crypto - Tags: ICP, Internet protocol The internet is currently hosted on the cloud computing services of large companies. Ever wondered what will happen when these clouds stop working? Well, the internet will also go down. Also, should such a situation arise, cloud computing providers will always choose to prioritize the hosting of their own products or services. Fortunately, there’s a crypto protocol to the rescue. The Internet Computer (ICP) crypto is striving to help reduce these risks associated with the new age internet infrastructure. Introduction to Internet Computer (ICP) The Internet Computer (ICP) is a platform designed to offer a faster, more secure, and more scalable alternative to the present internet infrastructure. With blockchain technology, this protocol allows applications to run without centralized servers. Understanding the purpose and goals of the ICP networkThe ICP network strives to provide a decentralized alternative to existing internet infrastructure. It aims to decentralize applications to run natively on the internet, eliminating centralized servers. In this way, it fulfills its goal of providing greater security, speed, and scalability. How the Internet Computer works The ICP network achieves its aims through the blockchain protocol. Being a blockchain, it enables the creation of decentralized data centers, known as “nodes,” across the internet. These nodes are responsible for processing transactions and storing data. They thus help provide a secure and decentralized alternative to centralized servers. The network is built on a new architecture that allows it to process transactions and run applications at a scale never seen before. The architecture of the Internet... --- ### What is the difference between FPI and FDI? > Foreign investments in India comes in two modes, FPI & FDI. Read this blog post to understand the nuances of each. - Published: 2023-02-17 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-difference-between-fpi-and-fdi/ - Categories: Indian Stocks, Personal Finance - Tags: FDI, FPI India embraced the policy of economic liberalization in 1991. The change in economic policy triggered the process of industrialization, expanded the role of private and foreign investment, and ushered in the free-market system. Foreign investment was welcomed in two ways: FPI and FDI. FPI vs. FDI: What is the difference? What is FPI? “FPI” stands for “Foreign Portfolio Investment. ” FPI refers to investments made by foreign individuals, corporate institutions, or investment funds in the Indian financial market. These could be in the form of stocks, bonds, and other financial instruments issued by Indian corporations and the state and central governments in India. The Securities and Exchange Board of India (SEBI) regulates FPI, and the players have to comply with the rules and restrictions notified by SEBI from time to time. Each FPI investor will need to register with SEBI. They will be given a “Unique Identification Number'' (UIN). They can use investment routes like the Portfolio Investment Scheme (PIS). Within specified limits, non-resident Indians (NRIs) and foreign nationals can invest in the Indian stock market. FPI helps augment the capital inflow in the form of valuable foreign exchange, bolster the growth of industries, and give a fillip to economic growth. Periodically, the Indian government reviews the foreign investment process by easing regulations and streamlining investment procedures, making them more hassle-free. What is FDI? “FDI” is short for “Foreign Direct Investment. ” Under the FDI route, foreign investors can establish new businesses, completely take over an existing Indian business, or... --- ### The process and technology behind crypto exchanges > Cryptocurrency exchanges in India are becoming increasingly popular, and this blog post will help you learn more about them. - Published: 2023-02-17 - Modified: 2024-01-29 - URL: https://coinswitch.co/switch/crypto/the-process-and-technology-behind-crypto-exchanges/ - Categories: Crypto - Tags: crypto, crypto exchange Is crypto exchange a good option for trading? Do you want to learn how you can use it? The popularity of crypto has grown manifold recently as many investors have ventured into trading digital currencies. This blog post will help you learn about cryptocurrency exchanges in India and the technology behind them. Understanding the basics of crypto exchanges The growing popularity of crypto has increased the number of cryptocurrency exchanges in India and abroad. But first, it is important to know what is a crypto exchange. What is a cryptocurrency exchange & how does it work? Any platform allowing investors to trade their crypto is a cryptocurrency exchange. Investors who wish to buy or sell their digital assets, such as crypto, can utilize crypto exchanges for making transactions. Most of these platforms are privately owned. Centralized, decentralized, and hybrid are the three main types of crypto exchanges. Centralized crypto exchanges play an intermediary role. They take commissions and fees for transactions when traders buy or sell their assets. On the other hand, decentralized platforms enable peers to trade directly without intermediaries. Both types have their pros and cons. If you want to know how cryptocurrency exchanges in India work, you must know about crypto accounts. The marketplaces allow you to exchange or convert your fiat currency to crypto or vice versa. You can also buy a crypto, such as Bitcoin, and trade them for another crypto. The role of Order Book and order matching in Cryptocurrency Exchanges You must use... --- ### Top three reasons why NFTs are viable long-term assets > Top NFTs are usually artworks. It gives users exclusive ownership rights shared by the seller to the buyer. Read more. - Published: 2023-02-17 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/top-three-reasons-why-nfts-are-viable-long-term-assets/ - Categories: Crypto - Tags: cryptos, NFTs The majority of us consider non-fungible tokens as a fundamental, supporting element of blockchain technology that may exclusively deal with carrying out crypto transactions. The most notable characteristic of NFTs is that they carry out the transaction procedure cautiously without involving a third party. It consists of exclusive ownership rights, usually shared by the seller and the buyer. Here, we will help you understand the top NFT tokens in detail and explore the top three reasons why NFTs are viable long-term assets. Understanding non-fungible tokens (NFTs) NFTs are assets that have been tokenized with the help of a blockchain. They are given particular identification codes and metadata to identify them from other tokens. Depending on the value that the market and their owners place on them, NFTs can be bought and swapped for cash, crypto, or other NFTs. What are non-fungible tokens (NFTs)? Non-fungible tokens (NFTs) are crypto asset chits that confer “ownership” of a piece of digital art or music on the buyer. NFTs are marked by unique identification codes, which are recorded on a blockchain. In other words, an NFT is an unchangeable digital identifier stored in a blockchain and cannot be duplicated or replaced. We can use top NFTs as tokens to denote ownership of certain goods. The Ethereum blockchain secures asset ownership, preventing anyone from altering the ownership record or creating new NFTs by copying the existing ones. How NFTs differ from other digital assets Unique digital assets called NFTs serve as representations of physical objects.... --- ### 4 things that make DeFi unique: A comparison with traditional finance > Decentralized Finance (DeFi) refers to financial applications built on blockchains. This article discusses 4 things that make DeFi unique - Published: 2023-02-17 - Modified: 2023-11-22 - URL: https://coinswitch.co/switch/crypto/4-things-that-make-defi-unique-a-comparison-with-traditional-finance/ - Categories: Crypto - Tags: DeFi, DeFi vs traditional finance DeFi, short for Decentralized Finance, refers to financial applications built on blockchains. DeFi applications aim to democratize finance by eliminating the need for centralized institutions like banks. In doing this, they revolutionize the financial system and challenge traditional finance. This article will help you understand how to present 4 things that make DeFi unique. Understanding Decentralized Finance (DeFi) DeFi is a new approach to facilitating and managing financial services. It revolutionizes how we imagine exchanges and transactions with the help of crypto. The basic idea behind a DeFi coin is that there is no centralized authority to regulate transactions. What is Decentralized Finance (DeFi)? Decentralized Finance (DeFi) is a new type of financial system. Based on distributed ledgers similar to the ones that cryptos use, this system promises safer and speedier transactions. DeFi also lowers the extra charges that traditional financial organizations, like banks, impose. Users can, therefore, transfer and receive money instantly and access their funds stored in a secure digital wallet from anywhere at all via the internet. And all of that for a lower fee. How DeFi is different from traditional finance? Public blockchains serve as the source of trust in DeFi transactions. Blockchains are what regulate all activities in the industry. Conversely, traditional financial institutions rely on public governance. That means governmental regulations and the licensing of financial organizations. In the traditional model, the government—elected or otherwise—is the basis of trust. So it is responsible for managing all operations. Not only can anyone with programming skills... --- ### The 5 best crypto tax software in 2023 > Crypto tax software is a tool that allows you to calculate the profit and loss from crypto trading. Read on to learn about the five. - Published: 2023-02-17 - Modified: 2023-03-10 - URL: https://coinswitch.co/switch/crypto/the-5-best-crypto-tax-software-in-2023/ - Categories: Crypto - Tags: crypto tax, crypto tax calculation, crypto tax software This is 2023. You don’t need to be sitting down and doing your taxes yourself. This is the age of Artificial Intelligence (AI) and Machine Learning (ML). Surely you can delegate some of your work to software, especially when it comes to something as boring as taxes. Right? If you think like us, here are some of the 5 best crypto tax software to help you through in 2023. Overview of the best crypto tax software Preparing to file taxes is a time-consuming process. It can be challenging to stay on top of all transactions. Especially when you’re investing in crypto, and there are many transactions. Many investors understandably find it too much of a burden. This is where crypto tax tools are beneficial. Crypto tax tools are basically software programs. They can help crypto investors improve their capital gain and loss calculations, transaction tracking, and the generation of accurate reports. The top 5 crypto tax software in 2023 Here’s your list of the five most popular crypto tax calculators we could find for you. 1. CoinTracker CoinTracker is a popular crypto tax software. It simplifies your life by importing transactions, tracking your portfolio, and saving money through tax loss harvesting. Further, the tool lets you do the math for over 10,000 types of crypto. It can also generate tax reports in minutes. You can use it to compute your capital gains and profits, and losses and even consult a personalized Certified Public Accountant (CPA) under the unlimited tier. The... --- ### Three methods: How to use them to enter and exit crypto > One way to know when to buy and sell crypto is using the three methods patterns. Read this to learn all about them. - Published: 2023-02-17 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/three-methods-how-to-use-them-to-enter-and-exit-crypto/ - Categories: Crypto - Tags: crypto, rising and falling three method, three method In general, no crypto price will follow a simple trajectory. And the market’s ups and downs open up the opportunity to profit from buying and selling. But the key is to know when to buy and when to sell. And the falling and the rising three methods help you with that. What are the rising and falling three methods? Rising and falling three methods are five-candlestick chart patterns in technical analysis. Both of them are trend continuation patterns. They display a consolidation just before the dominant trend restarts. In the falling three-method candlestick pattern, the first and final candles are bearish, indicating the continuation of a bearish trend. After the first candle closes on a low, the following three candles, though, seem to suggest that the market is correcting. But then the fifth candle brings the bears back on the scene, finishing the continuation pattern. Like the rising wedge, the rising three methods are a bullish continuation pattern. In contrast with the falling three-method pattern, in the rising variation, the first and the final candles are bullish. The middle three are not. When this candlestick pattern appears, the price will likely continue rising—in line with the bullish trend. Both patterns resemble a basic flag or pennant pattern. The effectiveness of the rising and falling three methods Trend continuation chart patterns like these allow traders to profit from a continuing price trend. With these charts, traders who follow the trend stand a better chance of making money. These charts are based... --- ### The mining process in crypto and blockchain technology > Mining is a process cryptos use to create new coins and validate crypto transactions. So read on to know about blockchain and mining process. - Published: 2023-02-17 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/the-mining-process-in-crypto-and-blockchain-technology/ - Categories: Crypto - Tags: Blockchain technology, crypto mining, mining If you live on this planet, there’s no way you haven’t heard of crypto. But meeting people who understand crypto well is as rare as the word crypto is common. Ignorance may be bliss in other spheres of life, but in finance, it can be a dangerous thing, which is why we’ve taken a solemn oath to dispel all crypto ignorance and mythology. (Just kidding about the oath, of course. ) So join us as we explore blockchain technology and the mining process through which crypto is created. Introduction to cryptocurrency mining You’re here to understand crypto mining, yes. We’ll get to it. But first, let’s jog your memory a bit. A blockchain, of course, is a digital distributed ledger. It stores a record of all crypto transactions on a network of computers. The name is “blockchain” because the ledger is essentially a chain of blocks of verified transactions. The transactions are maintained in chronological order using timestamps and hashing algorithms. As a result, the data saved on the blockchain network is unchangeable. Now, let’s get to what you’re here for: What is cryptocurrency mining? Mining is a process cryptos use to create new coins and validate crypto transactions. So yes, two birds, one stone. Understanding the basics of the mining process Now that you know what mining is in crypto, let’s explain the process a little in detail. You see, The mining process uses computational power from the widespread decentralized computer network of the blockchain. Every time a crypto... --- ### Will GameFi drive the future of the metaverse? > Gamefi plays a key role in driving the metaverse economy. Read this article to learn about GameFi and its sway on the metaverse. - Published: 2023-02-17 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/will-gamefi-drive-the-future-of-the-metaverse/ - Categories: Crypto - Tags: gamefi, metaverse, P2E games Gaming is big business. But now, the creators are still the only ones earning when you play a game online. However, as the gaming economy turns down the blockchain road, things will look very different. Because the future of gaming is Play-to-Earn (P2E) games or GameFi. You, as a gamer, could now have a share of the revenue. GameFi could also begin to drive the metaverse-based economy. With so much to look forward to, we imagine you can’t want to dig in. But first, let’s dig into this article, shall we? Understanding GameFi and the metaverse GameFi refers to platforms that allow players and creators to earn by playing games. The earnings are in the form of crypto and NFTs. Metaverses are online ecosystems that frequently host these P2E games. Gamers and developers interact in the metaverse and form a decentralized GameFi community. What is GameFi? GameFi is a combination of the terms “game” and “finance. ” It alludes to the P2E ecosystem that gives players financial incentives. As users play, compete against other users, and advance through game levels, they gain in-game rewards. They can also move these resources to crypto exchanges or NFT markets. Earnings come in other forms, too, such as digital real estate, weaponry, and outfits. The virtual gaming experience produced by the GameFi ecosystem uses private blockchains. What is the metaverse? The metaverse is a communal, virtual three-dimensional online environment where users can communicate and engage with each other. To enter the metaverse, they have... --- ### Top 5 NFT games you can start playing > NFT games belong to the broad category of blockchain games that made their triumphant entry, pushing traditional mobile phone games aside. - Published: 2023-02-16 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/top-5-nft-games-you-can-start-playing/ - Categories: Crypto - Tags: NFT games, P2E games Put simply, non-fungible tokens (NFTs) are crypto asset chits that confer “ownership” of a piece of digital art or music on the buyer. NFTs are marked by unique identification codes, which are recorded on a blockchain. NFT games belong to the broad category of blockchain games that made their triumphant entry, pushing traditional mobile phone games aside. In terms of graphics and gameplay, these games are far ahead of some of the top crypto mobile games. The best NFT games incorporate the technologies into the game's mechanisms to create a one-of-a-kind gaming experience. NFT marketplace provides players with new ways to interact with the game and gives creators a new opportunity to make money from in-game objects. What is a play-to-earn NFT game? What are NFT games? P2E-short for Play to Earn Games—is one of the most popular terms in the crypto space. To put things in perspective, the evolution of P2E games resulted from the seamless integration of NFTs, games, and finance. In P2E games, you can earn in crypto or NFTs. P2E games have recently grown popular and are crucial to nearly every metaverse crypto initiative. To reward dedicated online gamers, each service uses its coin. Play-to-earn NFT games' promise of a pleasant way to earn crypto is a big draw for blockchain gaming enthusiasts. How do you earn in NFT games? It depends on the mechanics of the top NFT games and the demand in the market as to how much money one may make by participating.... --- ### Calculators for recurring deposit interest rates: An explainer > Calculating the interest for recurring deposits is a bit complex, which is why it would be best if you use an RD calculator. - Published: 2023-02-16 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/calculators-for-recurring-deposit-interest-rates-an-explainer/ - Categories: Personal Finance - Tags: RD calculator, recurring deposit Recurring deposits, or RDs, are investment instruments popular with Indian investors. It is a unique term deposit that enables people to make periodic deposits and earn decent returns on the investment. Flexibility and ease of investment make them attractive to individuals. Moreover, it can even help you to save money and establish a rainy-day fund. This blog post will discuss the RD calculator to help you understand what you will gain by investing your money in recurring deposits. Using recurring deposit interest rate calculators Calculating the interest for recurring deposits is a bit complex, which is why it would be best if you use a recurring deposit calculator. You can find several recurring deposit calculators online. The calculator will let you know the interest earned on your deposit amount. It is a more convenient and flexible way to calculate your interest that will also save time. Further, you can decide which might be the perfect amount and the period that can help you to get your required return. The best part of using the calculator is that you can customize your inputs according to your preference. How to use a recurring deposit interest rate calculator? If you use a recurring deposit interest calculator, you need to know a few things. First, you need to input the amount you plan to invest. You have to choose the periodicity of investment, which can be daily, weekly, monthly, or quarterly. You need to provide the interest rate offered by the deposit. You have... --- ### What are treasury bills, and how do they work > Treasury bills are issued by governments. Governments issue treasury bills when they need money for a short period. - Published: 2023-02-16 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/mutual-funds/what-are-treasury-bills-and-how-do-they-work/ - Categories: Mutual Funds - Tags: debt instruments, treasury bills Companies raise money from the market to fund their working capital requirements. Likewise, governments also go to the financial market to raise funds. Governments issue treasury bills when they need money for a short period. Market forces determine the interest on T-bills. This blog post will fill you in on everything related to treasury bills— how they work, the returns they fetch, and the risks involved. Understanding treasury bills The treasury bills issued by governments are a type of money market instrument. They are similar to a promissory note that guarantees repayment at a future date. Governments incur huge expenditures to function. Hence, to meet short-term requirements, governments will issue treasury bills. They also help to reduce the fiscal deficit. T-bills are good instruments to invest in as they carry very low risks though you will get low returns on your investments. The bills are sold in specific denominations. The debt instrument allows its investors to earn money. So if you want a high-interest rate, you must choose a more extended maturity date. If you are an investor who wants to take risks at the time of maturity, then you can choose to invest in a treasury bill. What are treasury bills? The government of India issues two types of debt instruments: Treasury bills and government bonds. The central bank of a country issues these bills. The government decides the interest rates based on market forces. The T-bills were first launched in India in 1917, and they have three types... --- ### What are multi-cap mutual funds, and what are the different types > What is a multicap fund? This blog post will provide you everything you need to know about multicap mutual funds. - Published: 2023-02-16 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/mutual-funds/what-are-multi-cap-mutual-funds-and-what-are-the-different-types/ - Categories: Mutual Funds - Tags: multi-cap mutual funds, mutual funds What is a multicap fund? This blog post will provide you everything you need to know about multicap mutual funds—different types, factors to consider before investing, risks, etc. About multicap mutual funds Multicap funds are different from other kinds of mutual funds. Large-cap funds invest in companies with large market caps, mid-cap funds invest in mid-sized firms, and small-cap funds invest in small companies. But a multicap mutual fund invests across small-, mid-, and large-size companies. What are multicap funds? Multicap mutual funds are exactly what the name indicates: These funds invest the corpus in stocks of various companies with different market capitalizations. It means that you can invest in small-cap, mid-cap, and large-cap companies at the same time in a multicap fund. Types of multicap funds There are different types of multi-cap funds. We will discuss some of them. Funds with focus on mid/small-cap stocks: They are a type of multicap fund scheme that invests in middle- or small-cap segments. For downside protection, they have some exposure to large-cap stocks. Funds with the primary focus on large-cap stocks: The main focus of these multi-cap funds is to invest in the large-cap segment. After this, they try to invest in mid/small-cap segments. No particular focus: Some multi-cap funds don’t have a specific investment mandate. Instead, they search for investment opportunities in the market. Their only focus is to find stocks that can perform well. When should you invest in a multi-cap equity fund? Multicap funds provide an excellent option for... --- ### When to use index funds for diversification > An index mutual fund or ETF has a portfolio that duplicates or tracks the component sections of a financial market's index. Read on. - Published: 2023-02-16 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/mutual-funds/when-to-use-index-funds-for-diversification/ - Categories: Mutual Funds - Tags: index funds, mutual funds Diversification is vital to building an effective investment portfolio. You can utilize it to diversify among many different financial assets, and index mutual funds can help you. In terms of returns, equity is among the most lucrative asset types. Besides giving your portfolio a safety net, portfolio diversification enables you to profit from various industrial sectors. An index fund can help you attain sufficient diversification minus the hassle of choosing specific stocks if you lack investment experience and skills. What is an index mutual fund? An index mutual fund or ETF has a portfolio that duplicates or tracks the component sections of a financial market's index. Index mutual funds have low management costs, broad market coverage, and limited portfolio volatility. Index-based funds stick to their market index no matter how the markets are doing. Index funds mimic the way stock indices are structured. On the contrary, in equity mutual funds, fund managers often churn their stock portfolios to provide better returns for investors. When an investor invests in index funds in India, the fund manager will use that money to purchase stocks in line with the index that the fund is tracking. Here, fund managers monitor the index and make investments to match the index. How to diversify with index funds? Many financial advisors, investment managers, and private investors encourage diversification. It is a marketing technique that combines multiple investments into a single portfolio. An index fund consists of hundreds of thousands of stocks. When you invest in an index... --- ### Debt funds vs. Fixed deposits: Which one should you choose > Looking for information on debt funds and fixed deposits? This blog post will provide you with everything you want to know about them. - Published: 2023-02-16 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/mutual-funds/debt-funds-vs-fixed-deposits-which-one-should-you-choose/ - Categories: Mutual Funds - Tags: debt funds, debt funds and fixed deposits, fixed deposits Are you looking for information on debt funds and fixed deposits? This blog post will provide you with everything you want to know about these two popular instruments—the differences between the two, the risks involved, and much more. Let’s dig in. Understanding debt funds and fixed deposits Before comparing debt funds and fixed deposits, it is crucial to understand both terms. What are debt funds? A debt fund is also known as a bond fund. These funds usually invest in bonds and other types of debt securities. The fund is a type of mutual fund that invests in money market instruments, corporate debt securities, and government and corporate bonds. Do you know what the different types of debt funds are? You can analyze various kinds of debt funds based on their underlying assets. Some of those are mentioned below. Government Agency Municipal Corporate Other than these categories, you can also classify them on the basis of factors such as terms, types of yield, and other specifications. What are fixed deposits? Generally, banks and other financial institutions offer fixed deposits that provide an investor with a higher ROI compared to regular savings accounts. Fixed deposit is a term widely used in the United States and India. In New Zealand, Canada, and Australia, it is known as a time deposit or term deposit. Put simply, a fixed deposit is a deposit you cannot withdraw before its maturity date. For this reason, several banks offer loans against fixed deposits. Usually, the tenure of... --- ### What is exit load in mutual funds? > Investors need to understand the implications of exit load in mutual fund and how it can impact their investment returns. - Published: 2023-02-16 - Modified: 2023-10-10 - URL: https://coinswitch.co/switch/mutual-funds/what-is-exit-load-in-mutual-funds/ - Categories: Mutual Funds - Tags: exit load, mutual funds Mutual funds are a popular investment option for individuals looking to diversify their portfolios and benefit from the expertise of professional fund managers. However, investors may be subject to exit loads when withdrawing money from a mutual fund. Investors need to understand the implications of exit load in mutual funds and how it can impact their investment returns. What is exit load in a mutual fund? This article will delve into the details of exit loads and explore the definition, purpose, calculation, and rates of exit loads. We will also discuss the impact of exit loads on investment returns and how investors can avoid paying exit loads. The information would help investors make informed decisions on their mutual fund investments. Understanding exit load in mutual fund Exit load is a fee charged by mutual fund companies for selling or redeeming units of a fund. The fee can impact the returns of an investment. Exit fee is a percentage of the net asset value (NAV) of the fund. In this article, we will take a closer look at exit loads in mutual funds and how they can affect an investor's returns. Definition and purpose Exit load is a penalty imposed by fund houses to discourage investors from making short-term investments. The purpose of exit load in mutual funds is two-fold. First, it is a deterrent for investors looking to invest in mutual funds for short-term gains. Secondly, it helps mutual fund companies to mitigate the costs associated with buying and selling... --- ### A guide to retirement planning tools and calculators > Retirement planning involves investing in financial instruments to build a good retirement corpus. A guide to retirement planning tools. - Published: 2023-02-16 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/a-guide-to-retirement-planning-tools-and-calculators/ - Categories: Personal Finance - Tags: personal finance, retirement planning Put simply, retirement planning is building a nest egg for your sunset years when you stop working. To achieve that end, you should invest in financial instruments that fetch returns that beat inflation over a period. However, calculating the amount you require after your retirement is not easy. So, it would be best if you opt for a retirement calculator to plan your investment to build a sufficient retirement corpus. This blog will discuss calculators and tools to help you plan for retirement. Retirement planning tools and calculators Cost of living increases over the years due to rising inflation, hence the need to consider that when you plan for retirement. You can choose between many tools to plan your retirement. Some popular tools are retirement advisors, income tools, and financial objectives. You can also make use of a retirement calculator for planning retirement. Types of retirement calculators Retirement tools would help you decide how much you should save for retirement. You need not worry, as these calculators do not require technical expertise. Using a retirement calculator available online, you can enter your age, income, and desired retirement age to get a rough estimate. It will help you make informed decisions about your retirement. Retirement and pension calculator: Retirement and pension planning help ensure a smooth life. The calculator requires you to fill in income, investment, and expenses that will give you an estimate of the amount you need to accumulate for a hassle-free retired life. Human life value: Human life... --- ### NFTs on Instagram: A step-by-step guide to create and sell > Instagram NFTs are essentially digital collectibles on the Instagram platform. Read this to learn about them before they go big in India. - Published: 2023-02-16 - Modified: 2023-09-19 - URL: https://coinswitch.co/switch/crypto/nfts-on-instagram-a-step-by-step-guide/ - Categories: Crypto - Tags: Instagram NFTs, NFTs The NFT marketplace has changed the concept of digital goods and how you evaluate their worth. Bringing creators, collectors, gamers, and business owners together, the NFT industry is booming. In the past two years, NFTs have transformed from novel abstractions to commonplace things. Recently, Meta announced that there will now be NFTs on Instagram. With their social media foray, there has never been a better time to sit up and try to catch up. What is an Instagram NFT? Images, songs, and videos can all be stored on a blockchain as Non-Fungible Tokens (NFTs). What’s an NFT? An item that is “non-fungible” is unique and cannot be duplicated. So an NFT is a digital token that’s truly one of a kind. And anybody can verify its authenticity through its ownership history at any moment. Instagram NFTs are essentially such digital collectibles on the Instagram platform. An NFT on Instagram can be owned, traded, and sold on the platform. All of that is thanks to Meta’s decision to adopt NFTs and blockchain technology. How to sell NFTs on Instagram Given the debut of NFTs on Instagram, the foremost question on many minds is: How to sell NFTs on Instagram? First things first, you must have a digital wallet account. The good news is that Facebook and Instagram do not now charge any fees for uploading or sharing digital files. The bad news is that it may be a while before you can do any of this in India. Still, here’s how... --- ### What are bonus shares? > Bonus shares are corporate actions that firms use when there is a cash crunch. Read the article to understand what it is. - Published: 2023-02-16 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-bonus-shares/ - Categories: Indian Stocks, Personal Finance - Tags: bonus shares, indian stocks A lot of people are unaware of what bonus shares are. If you’re one of them, well, you don’t have to be. Ignorance is a choice, and so is knowledge. We hope you make the right one today. And if you’re saying yes to knowledge, give this write-up a thorough readthrough. Understanding bonus shares If you want to grow your money, it is important to understand the various investment options out there. Bonus shares are one such option. Let’s start with a basic definition to understand what they are. What are bonus shares? Bonus shares are additional shares that a company distributes to current shareholders. It is a kind of “bonus” that a company offers when it cannot pay out dividends. Such companies are still usually earning a decent profit. So, if you have 1,000 shares and your company announces a one-for-two plan, you will receive 500 bonus shares. These shares give you an additional source of income while you hold on. How are bonus shares issued? Companies only issue such shares when they are low on cash. The shares are usually given instead of cash dividends. The issuing authority usually follows some basic procedure of this type while issuing these shares: First, they call for a board meeting. Then they actually convene the board meeting. To start with, the company circulates draft minutes. Next, it issues a notice for a general meeting. The company then convenes the general meeting and files form number PSA-3. Finally, the share certificates are... --- ### Decentralized Finance (DeFi) and its role in the Web 3.0 ecosystem > DeFi is closely related to the Web 3.0 ecosystem. It makes the Web 3.0 space far more exciting and fruitful. Learn about it here. - Published: 2023-02-16 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/defi-and-its-role-in-the-web3-ecosystem/ - Categories: Crypto - Tags: Decentralized Finance, DeFi, Web 3.0 Decentralized Finance (DeFi) is closely related to the Web 3. 0 ecosystem. Crypto transactions, stablecoins... are all examples of how DeFi makes the Web 3. 0 space far more exciting and fruitful. One could even venture to say that DeFi has had a key role in the Web 3. 0 ecosystem’s widespread adoption. If you want to better understand the interface between DeFi and Web 3. 0, look no further. What is Decentralized Finance (DeFi) Assuming you’re new to the crypto world, it may help to have a quick refresher on decentralized finance. In simple terms, it is a part of the financial sector where the participants—customers, merchants, and companies—transact with each other directly. Unlike traditional financial systems, they can bypass reliance on centralized authorities. They can do this thanks to blockchain technology. DeFi uses cutting-edge software and hardware to support peer-to-peer (P2P) financial transactions. In other words, DeFi refers to a growing ecosystem of financial applications and protocols built on top of decentralized blockchain networks, such as Ethereum. The main idea behind DeFi is to create a more open, accessible, and transparent financial system. A decentralized finance platform thus lowers the entry barrier into the financial system. That’s because, with DeFi, anybody can access financial services regardless of location or identity documentation status. Users also have more control over their financial data. Additionally, it reduces the fees for financial services. Key components of the DeFi ecosystem DeFi is a rapidly growing ecosystem. Some of its key components are: Lending... --- ### What is the 15x15x15 rule in mutual funds? > The 15x15x15 rule is a rule that helps you earn a lot of money with smaller investments. Read on to learn about it. - Published: 2023-02-16 - Modified: 2023-09-08 - URL: https://coinswitch.co/switch/mutual-funds/what-is-the-15x15x15-rule-in-mutual-funds/ - Categories: Mutual Funds - Tags: 15x15x15 rule, mutual funds Many see investing in mutual funds as a good way to grow one’s wealth. However, as there are a wide variety of mutual fund options available, finding one that’s right for you is the first challenge. Then, just when you think you’re sorted, the second and third pop up: How much should you invest? How long should you hold on to the fund you have invested in? While there are no shortcuts to address the first challenge, there is a rule that can help you with the other two. The 15x15x15 rule in mutual funds helps you know what investment duration is best for you. In this article, we will explore how to use this rule, its advantages and limitations, and the alternatives available. Understanding the 15x15x15 rule in mutual funds The 15x15x15 rule is essentially a simple formula. It helps determine how much to invest and the appropriate length of time to hold on to a mutual fund investment to earn ₹1 crore. Read on to learn about it. Definition and explanation of the 15x15x15 rule The 15x15x15 rule is an investing rule that some investors swear by. It helps tell you how much you should save and how often, to reach the goal of ₹1 crore. The rule states that an investor can create a corpus of close to ₹1 crore by investing ₹15,000 per month for 15 years in a row in a mutual fund that generates 15% average returns via compounding. This rule is based on... --- ### What are the top 5 expensive shares in India? > Know about the most expensive shares in India by list. MRF share ranks higher in the list, followed by Page Industries, and.... - Published: 2023-02-16 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-the-top-5-expensive-shares-in-india/ - Categories: Indian Stocks, Personal Finance - Tags: expensive shares, indian stocks, top 5 The share market can be exciting as well as scary. Exciting if you are comfortable with the rollercoaster of emotions and prices. But scary if you aren’t used to it. Whether you love to invest in stocks or are just starting out, it may help to learn from the very best and keep an eye on them. So here’s our list of the most expensive shares in India this year. An overview of the 5 most expensive shares in India Before looking at the most expensive shares out there, it may help to know the highest stock price in India. It will help you know what to expect and know when something is overpriced. So take a minute, go ahead. Go... ! Run along now. Back? Well, you see, most stocks in India trade for a share price of less than ₹1,000 per share. So, you now know much of a rarity these high-priced stocks are. However, remember that prices change all the time, and ensure due diligence before making any investments. 1. MRF Madras Rubber Factory (MRF) is a tire-making company. It is one of India’s oldest, and the reputation of this brand is a key cause for its high stock price. MRF consistently has one of the highest share prices in India. At press time, the price of MRF shares on BSE is around ₹89,000. The high value cannot be attributed only to its performance. Customer loyalty, too, plays a key role in this company’s high share price.... --- ### Indian and US stock markets: A comparative analysis > The US and Indian stock markets differ in terms of their volatility. Read on as we unpack this and more for you. - Published: 2023-02-15 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/indian-and-us-stock-markets-a-comparative-analysis/ - Categories: Indian Stocks, Personal Finance - Tags: Indian Stock Market, US Stock Market As an Indian investor, the Indian and US stock markets are probably the two key markets you’re looking at. Both have their pros and cons. So, if you plan to invest in any of these markets, take a minute to read this comparative analysis. Introduction to Indian and US stock markets The Indian stock market consists of two primary stock exchanges: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Most leading Indian companies are listed on both exchanges. Nifty and Sensex are the two types of market indexes that operate here. The US stock market is a more globally recognized stock market. That means many more investors across the globe opt to invest in it. It includes various indexes like the S&P 500, Dow Jones, and Nasdaq. In the US market, most stocks are identified as segments or capitals. Indian and US stock markets: A comparison The Indian and US stock markets differ in more than one respect. So, if you want to know which is better for you, you must compare them well. Here we list a few key factors that define the Indian stock market vs. the US stock market. Currency The trading currency is the first and most obvious point of difference between these stock markets. In the US, all trading (means buying and selling) is done with the US Dollar (USD). But in the Indian stock market, the Indian National Rupee (INR) is the default currency. However, the USD is more robust than... --- ### What is the cut-off time in mutual fund transactions? > The mutual fund cut-off time is the time before which you submit your application to avail of the same day's NAV. Learn all about it here. - Published: 2023-02-15 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/mutual-funds/what-is-cut-off-time-in-mutual-funds/ - Categories: Mutual Funds - Tags: cut-off time, mutual funds Mutual funds pool money from various investors and invest it into a diverse set of companies. The investments range across diverse sectors, too. The fund manager then allots units/shares to the investors in proportion to their contribution. Some mutual funds also invest in debt instruments. The idea is to spread the investments widely to minimize market risks. Each mutual fund comes with a cut-off time. If you’re considering investing in one, you should learn about it. Cut-off time for mutual fund transactions The cut-off time for mutual funds was the daily allotted time by which the investors must submit their investment instructions. If the instructions reached late, the investment contributed to the next day’s Net Asset Value (NAV) calculation. Generally, the cut-off time was 3. 00 pm Indian Standard Time (IST) in India. With the new SEBI rules related to purchases, though, the gains/losses realized before the cut-off time constitute the NAV. The time limit allows fund managers to estimate the value of the portfolio. They can then tweak it if necessary. The cut-off time for mutual funds was different from stock exchanges. The cut-off for stock exchanges is typically 5:30 pm IST. Why is the cut-off time for mutual funds so important? The cut-off time for mutual funds is important because it affects the NAV. And the daily NAV determines how much the investor received if they surrendered or redeemed the holding. It also determines how many units/shares the investor got for their contribution to the existing scheme. When... --- ### Crypto and blockchain: How they are changing the supply chain industry > Blockchain technology is upending supply chains. Learn how blockchain in supply chain is transforming the industry. - Published: 2023-02-15 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/crypto/crypto-blockchain-how-they-are-changing-the-supply-chain-industry/ - Categories: Crypto - Tags: blockchain, crypto In a world stitched together by trade, the importance of blockchain in the supply chain is paramount. Crypto and its underlying blockchain technology are transforming the supply chain industry in several ways. However, despite the several merits of blockchain technology, things aren't as simple as they appear to be. This blog will discuss blockchain technology and its impact on the evolving supply chain. Introduction to crypto and blockchain in supply chain Many investors perceive blockchain as the underlying platform that powers Bitcoin, Ethereum, and Ripple. However not many know of blockchain’s applications related to supply chain management. The technology that powers popular investment avenues in the crypto world can also help organizations solve their supply chain-related challenges. How blockchain technology is revolutionizing supply chain management Blockchain technology revolutionizes supply chain management by increasing transparency, improving traceability, enhancing security, and enabling faster payments and cost savings by eliminating intermediaries. In other words, it enhances supply chain management’s efficiency, security, and transparency, leading to a more streamlined and effective process. Understanding the basics of smart contracts and their role in the supply chain A smart contract is a simple document that contains the terms of the agreement between a buyer and a seller. The digital contract includes a set of self-executing codes agreed upon by both parties. A decentralized network executes the codes based on predefined rules. Once a condition is met, the network executes the contract. It is important to understand the benefits of blockchain over a traditional contract—traceability and on-time... --- ### Features, advantages, and benefits of blue chip stocks > Blue chip stocks offer consistent returns and have minimum risk attached. They are ideal if you want secure returns. To know more, read on. - Published: 2023-02-15 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/features-and-advantages-of-blue-chip-stocks/ - Categories: Indian Stocks, Personal Finance - Tags: Blue chip stocks If you are looking for consistent returns with minimum risk, blue chip stocks may be the way to go. And if you don’t know what that is, this is just the explainer you need. What makes a stock a blue chip? So, first things first, what is a blue chip stock? It is the stock of a large, established, and financially sound company. These businesses are renowned for their reliable and consistent financial performance. They are also known to have a good capacity when it comes to withstanding economic downturns. With these stocks, the dividends often go to shareholders. Such stocks are the most valuable and highly reliable investments on the stock market. So the phrase “blue chip” may have come from poker, where the blue chips are the most expensive ones. Why invest in blue chip stocks The stability of blue chip stocks is one of the main reasons to invest in them. Blue chip firms are among the safest investments in the stock market because of their track record. Many pro traders view them as profitable, less risky investments than smaller companies. Another characteristic of such stocks is that they frequently give shareholders dividends. So shareholders can still profit through them even when the stock price is low. This gives you a consistent income source, which may be advantageous if you’re about to retire These stocks also have a track record of paying out earnings. This indicates that they have a history of making profits. It is more... --- ### ELSS fund lock-in period > ELSS is a mutual fund that offers tax deduction benefits under Section 80C. It comes with a 3-year lock-in. Read this to learn about it. - Published: 2023-02-15 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/mutual-funds/elss-fund-lock-in-period/ - Categories: Mutual Funds - Tags: ELSS, mutual funds The Equity-Linked Saving Scheme (ELSS) is a type of mutual fund. It is designed to offer tax benefits to investors under section 80C of the Indian Income Tax Act. Such funds help promote long-term investments while instilling discipline in investors. So what’s the catch? Some would say the lock-in period. But is it really? What is the lock-in period in an ELSS fund? The lock-in period for an ELSS fund is three years. Locking the investment up for this period is mandatory. So you cannot redeem or withdraw the money you invest for three years from the date of investment. When you consider tax relief for investors under section 80C, this is one of the lowest lock-ins you’ll find. All other tax-saving instruments available have a much longer lock-in requirement. For instance, the lock-in for the National Savings Certificate (NSC) is 5 years, and Public Provident Fund (PPF) is 15 years. Ways to invest and the lock-in period Investors can opt for ELSS funds in one of two ways. 1. Lump sum ELSS investors can make a one-time payment if they wish to. With a lump-sum investment, the three-year lock-in period starts from the day the mutual fund company receives the money. That is the day of the purchase. 2. SIP Investors can also take the Systematic Investment Plan (SIP) route to invest in ELSS funds. With this option, the investor invests a smaller sum of money periodically for a fixed term. The investment can occur on a weekly, fortnightly,... --- ### NPS vs. SIP: Which is a better investment plan? > NPS vs SIP mutual fund, which is better? Understand the two methods of investing in a mutual fund and which scores over the other. Read on. - Published: 2023-02-15 - Modified: 2023-09-08 - URL: https://coinswitch.co/switch/mutual-funds/nps-vs-sip-which-is-a-better-investment-plan/ - Categories: Mutual Funds - Tags: mutual funds, National Pension Scheme, NPS vs SIP, Systematic Investment Plans There will always be varying views as to which investment is best. Most investors would feel at home with plans where they only need to make periodic small investments. Since the National Pension Scheme (NPS) and Systematic Investment Plans (SIPs) for mutual funds let you make such periodic payments, the question is: Which is better? What is NPS? NPS is a scheme started by the Government of India to help investors with a budget. There are two types of NPS accounts: Tier I and Tier II. With Tier I accounts, the scheme’s subscribers pay a specified amount each month for the duration of their work tenure. On retirement, they can withdraw a certain amount of the corpus (usually 60%). The rest (40%) is converted into an annuity payment as a retirement pension. Tier II accounts function like voluntary savings bank accounts. There is no minimum balance requirement, and withdrawals are permitted without an exit load. Separate nomination facilities are also allowed. Holders can transform their accounts into Tier I pension accounts at any time. The government collects the money and invests it in assorted financial securities. What is SIP? With a mutual fund SIP, the investor agrees to pay a specific sum at specific intervals to the fund. The contribution is converted into shares/units at applicable rates, creating a corpus. The manager of the mutual fund invests the money in the money market. And the investors receive returns by way of interest or dividends. The mutual fund scheme deducts a... --- ### Senior Citizen FD rates in India > As of 2023, anyone over the age of 60 in India is eligible to create a Senior Citizen Fixed Deposit (FD). Learn all about them here. - Published: 2023-02-15 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/senior-citizen-fd-rates-in-india/ - Categories: Fixed Deposit, Personal Finance - Tags: FD, Fixed Deposit, Senior Citizen FD You probably want to spend your post-retirement years knowing that your needs are taken care of. It is a dream for most people not to be overly dependent on anyone in their golden years. And, of course, having done your share for society, you deserve it. However, you still need to do a few small things to ensure you get what you deserve. Getting yourself a Senior Citizen FD is one of those things you could consider doing. Because they offer decent returns and are relatively risk-free. Senior Citizen FDs in India 2023 As of 2023, anyone over the age of 60 in India is eligible to create a Senior Citizen Fixed Deposit (FD). Investing in these FDs meant for senior citizens is a way of securing one’s finances post-retirement. FDs are one of the most rewarding and low-risk financial products available. They come with advantages such as regular returns, access to loans, and reductions in tax liability. However, there usually is a minimum lock-in period involved. Most big banks offer these term deposits for seniors at an exclusive rate of interest. Benefits of FDs for senior citizens Invest savings in fixed deposit programs gives senior citizens access to the following advantages: Guaranteed returns: Compared to other market-linked products, FDs let senior investors rest assured that their money is safe. Fixed interest rates: That means you can relax because you know your money is making money for you. You simply have to wait to collect the assured sum at maturity.... --- ### The one-time mandate in SIP: Its benefits and how to register > OTM stands for one-time mandate, a one-time registration process to be done by the mutual fund investor. Read to learn more. - Published: 2023-02-14 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/mutual-funds/the-one-time-mandate-in-sip-its-benefits-and-how-to-register/ - Categories: Mutual Funds - Tags: mutual funds, SIP There are two ways of investing in mutual funds, either through a one-time lump sum investment or through the Systematic Investment Plan (SIP). Under the lump sum investment option, the investor invests only once in the mutual fund. Let us take a close look at the SIP process where we have the option to deploy the one-time mandate (OTM) in SIP. So, what is OTM in mutual fund? Let's dig in. What is one-time mandate (OTM) in SIP? As the very name indicates, investors can periodically invest in the mutual fund through an SIP. This would require them to: Remember the date on which the next installment needs to be paid Organize the transfer of funds into the mutual fund account Keep track of the credit into the mutual fund account OTM in SIP addresses all three requirements in one stroke. Setting up OTM is a one-time activity where investors authorize their bank to debit their bank account and transfer a pre-specified amount at a pre-specified interval to their mutual fund account through an electronic transfer of funds. Once these funds are credited into the mutual fund account, the fund managers utilize these monies to purchase the eligible number of shares/units of the mutual fund scheme according to the applicable net asset value. OTM in SIP is very convenient and minimizes the investors’ hassles, who need to ensure that there is sufficient balance to effect the electronic transfer on the transfer dates. Benefits of adding one-time mandate in SIPs The... --- ### What are sectoral funds? Types & benefits > Sectoral funds are regular and systematic investments that can help you benefit through cost averaging and compounding over time. - Published: 2023-02-14 - Modified: 2023-10-03 - URL: https://coinswitch.co/switch/mutual-funds/what-are-sectoral-funds-types-benefits/ - Categories: Mutual Funds - Tags: mutual funds, sector mutual funds, Sectoral funds A sectoral mutual fund is an equity fund that invests in companies that belong to the same sector or industry. Sectoral funds give investors exposure to specific sectors of the economy. In other words, sectoral funds invest in industries as varied as utility, energy, or infrastructure. They invest in stocks of businesses with a range of market capitalizations and security classes. Some of the top sectoral mutual funds in India are: Sundaram Rural and Consumption Fund Franklin Build India Fund DSP BlackRock Natural Resources and New Energy Fund IDFC Infrastructure Fund Aditya Birla Sun Life Banking And Financial Services Fund How do sectoral funds work? Sectoral mutual fund managers invest most of the fund corpus in stocks and securities of businesses in a specific sector. They could invest, for instance, in the pharmaceutical, banking, FMCG, IT, and the like. The funds are invested in stocks of all shapes and sizes, meaning they collectively buy shares in big, medium-sized, and small businesses. The goal is to accurately focus the fund's investments in line with the boom in a particular sector or industry. Fund managers pay close attention to market trends, stock performances, and the potential for expansion in different industries. They invest in sectors slated to have rapid growth in the near future, helping investors build wealth. The investments may generate massive profits if the timing is correct, but they are also subject to market risks and concentration issues. Financial professionals must have faith in the industry's potential growth and time... --- ### What are ELSS Funds? How to invest in them and the tax benefits > ELSS is a type of mutual fund that allows you to claim income tax deduction. Read on to know about the tax benefit and other features. - Published: 2023-02-14 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/mutual-funds/what-are-elss-funds-how-to-invest-in-them-and-the-tax-benefits/ - Categories: Mutual Funds - Tags: ELSS, ELSS funds What are ELSS funds? ELSS, short for Equity Linked Savings Schemes, are mutual fund plans that primarily invest in the equity market. The 3-year lock-in period of ELSS is an advantage over other tax-saving options as it restricts selling of the investment until three years from the date of acquisition. However, holding on to the asset for as long as possible is recommended to maximize the returns from ELSS funds. The following are some of the popular ELSS Funds: Axis Long Term Equity Fund-Reg(G) Axis Long Term Equity Fund-Reg(IDCW) Mirae Asset Tax Saver Fund-Reg(G) Canara Rob Equity Tax Saver Fund-Reg(IDCW) Kotak Tax Saver Fund(IDCW) How do ELSS mutual funds work? ELSS (Equity-Linked Savings Scheme) is a type of mutual fund that invests primarily in equity-related securities. The fund pools money from multiple investors to create a more significant investment pool managed by a professional fund manager. ELSS funds are considered relatively high-risk investment options compared to other tax-saving options, but they also have the potential to provide higher returns over the long term. Lock-in Period: ELSS funds have a lock-in period of three years, meaning investors cannot redeem their units for three years from the date of investment. Investment Process: Individuals can choose to invest directly with a mutual fund house or through a distributor to invest in ELSS funds. They can make a lump sum investment or opt for a systematic investment plan (SIP), where they support a fixed amount of money at regular intervals. Risk and Returns: ELSS... --- ### How to keep your cryptocurrency safe > There's a lot of concern about safety in the crypto space. Read this article to learn ways to keep your crypto safe. - Published: 2023-02-14 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/ways-to-keep-your-crypto-safe/ - Categories: Crypto - Tags: crypto, safety, security As crypto trading becomes even more popular than ever, the crypto world is confronted by one huge problem: safety. The number of hacks and scams in the crypto world last year was truly alarming. But there are a few simple measures you can take to secure yourself. Here are 10 key ways to keep your cryptocurrency safe as houses. 1. Use Two-Factor Authentication on your exchange When you first make a Bitcoin purchase, it is often via a transfer account. Hackers who gain access to this account can move your crypto to a holder address—essentially stealing your money. Making sure you purchase your crypto with Two-Factor Authentication (2FA) is one of the simplest ways to protect yourself against such attacks. Each time you want to withdraw crypto with 2FA, you will have to verify the transaction by entering the code sent to your phone. It could be a bother if your phone’s battery is down or if you’re outside the network coverage area. But the fact that it protects your funds from hackers makes it worth the effort. Download an authenticator app Your account with the exchange can also be made more secure if you use a tool like Google Authenticator for 2FA. Such apps ensure that the code is not sent via SMS or email, they make it harder for a hacker to access it even if they take over your phone. The attacker will need to physically access your phone if you use these apps. That makes it... --- ### Preference shares: Definition, types, and features > Preference shares are an exclusive share option that offers shareholders some preferential treatment. Read this to learn about them. - Published: 2023-02-14 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/preference-shares-definition-types-and-features/ - Categories: Indian Stocks, Personal Finance - Tags: Preference shares If you took a guess as to what preference shares mean, you’d probably be right. It’s one of those self-explanatory names, but the devil is in the detail. So let’s get right to it. What are preference shares? Preference shares are a type of share where shareholders are given preferential treatment during the payment of dividends. These shareholders are given priority or a greater claim over others. They are also entitled to a fixed dividend rate. That said, although the dividend rate is fixed while issuing these shares, they may not always receive that sum if the balance sheet shows a loss. Whether they receive it or not depends on the specific type of preference share. What are the types of preference shares? Not all preference shares work in the same way. There are some differences that you should know about if you are considering investing in this type of share. 1. Cumulative shares The shareholders of these shares have the right to a cumulative dividend payout even when the company is in loss. Meanwhile, ordinary shareholders will receive a dividend. The company may, however, pay these cumulative dividend amounts in the future when it does make a profit. The shareholders first receive arrears. The rest comes to them only after ordinary shareholders receive their due for that year. 2. Noncumulative shares Preference shares where the company does not carry over unpaid dividends to future financial years are called non-cumulative shares. The holders of such shares will have priority over... --- ### The best conservative mutual funds out there > Conservative mutual funds are a type of balanced fund. Read this article to know some of the best conservative hybrid funds. - Published: 2023-02-14 - Modified: 2023-12-06 - URL: https://coinswitch.co/switch/mutual-funds/best-conservative-mutual-funds/ - Categories: Mutual Funds - Tags: conservative mutual funds, hybrid funds, mutual funds There is a wide range of investment opportunities in India. But investors who want to spread their money across different stocks spanning diverse sectors tend to prefer mutual funds. Mutual fund offerings are tailor-made to factor in the various levels of risk involved. Conservative mutual funds, as the name suggests, are conservative in their approach to investment instruments. They are one of the safer bets out there. Conservative mutual funds allocate around 75% of the funds for the purchase of fixed deposit-like, fixed income-generating securities. This helps to provide stability and security to the fund. They direct the rest 25% to equities, which offer scope for capital appreciation. That said, there is always an inherent risk involved in any kind of investment. So you need to know how to pick the ones that are best for you. This list of what we consider some of the best conservative mutual funds in 2023 could be a good starting point. Best conservative mutual funds in 2023 No matter how carefully you choose your investment, remember market dynamics are always in play. And there is always some risk involved. But if you still think a conservative mutual fund is something you want to explore, let us help you get started with your research with our list of the best conservative mutual funds in 2023, in our view. You could start by looking them up, but keep your research going to find one that’s best for you. 1. ICICI Prudential Regular Savings Fund This... --- ### Mutual Funds vs. Chit Funds > Mutual Funds vs Chit Funds: which one should you invest in? Read this article for a complete comparison between them. - Published: 2023-02-14 - Modified: 2023-10-03 - URL: https://coinswitch.co/switch/mutual-funds/mutual-funds-vs-chit-funds/ - Categories: Mutual Funds - Tags: Chit Funds, mutual funds, Mutual Funds vs. Chit Funds Investment tools like mutual funds and chit funds enable us to gradually make little investments that add up to a greater corpus over time. While both entail the quarterly pooling of investor funds, they differ in terms of their features and traits. Individuals should be informed of the advantages and risks associated with each option before choosing one of them to create their investment portfolio. Here, we shall examine these two types of funds in an effort to understand their distinctions. What are chit funds? India’s financial system includes a cyclical savings scheme known as a “chit fund. ” Kuree, Chit, and Chitty are some of the other names for this savings scheme. It offers a reasonable return on investment. They also offer a way to borrow funds to meet planned as well as unplanned expenses. Some of the better-known chit funds in India are: Margadarsi Chit Fund Shriram Chits Government of Kerala-linked Chitty Mysore Sales International Purasawalkam Santhatha Sanga Nidhi Limited Guru Nanak Chit Fund However, make sure to do your own research, as there have been many frauds associated with chit funds. How chit funds work In a chit fund, a number of people make periodic payments for a fixed duration. The money collected in this way is given to any one of the persons, picked randomly or through a reverse auction. With the reverse auction method, whoever agrees to take away the lowest amount (with the lowest bid) receives the funds. After deducting the fees and commissions,... --- ### Where to invest money in India: A primer > The best types of investment in India in 2023 are unit-linked insurance plan, Public Provident Fund, Mutual funds, and NPS. - Published: 2023-02-13 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/personal-finance/where-to-invest-money-in-india-a-primer/ - Categories: Personal Finance - Tags: fixed deposits, National Pension Scheme, Public Provident Fund There are plenty of investment options in India ranging from low-risk, low-return ones to high-risk, high-return ones. Let us discuss some of the popular types of investment available in India. Top investment options in India We'll discuss various types of investment available in India to get you started. Let's dig in. Unit Linked Insurance Plan (ULIP) ULIP is an investment vehicle that provides insurance coverage along with investment options. Features of ULIP 1. The investor’s life is insured during the plan’s tenure. 2. The policyholder can choose from a range of equity, debt, or balanced funds. 3. The policyholder can switch between funds, adjust the premium payment frequency, and allocate premiums according to personal investment goals. 4. The policyholder receives tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act. 5. There are financial charges levied in ULIP. 6. ULIPs offer updates on the invested funds’ net asset values (NAVs). Public Provident Fund (PPF) PPF is a long-term savings scheme of the Indian government. It provides safety, attractive returns, and tax benefits to investors. Features of PPF 1. The investment can range from a minimum of Rs. 500 up to a maximum of Rs. 1,50,000 per financial year. 2. The tenure is 15 years. 3. It has a fixed interest rate revised periodically. Currently, it is 7. 1%. 4. After three years, the account holder can take a loan against the PPF balance. 5. Partial withdrawals are permitted after the completion of the seventh financial year.... --- ### How to invest in Nifty Index Fund directly? > Index funds are a type of mutual fund that aims to replicate the performance of a specific stock market index, such as the Nifty 50. - Published: 2023-02-13 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/mutual-funds/how-to-invest-in-nifty-index-fund-directly/ - Categories: Mutual Funds - Tags: index fund, Nifty 50 Direct investing in Nifty Index Fund made easy Here’s a step-by-step guide to investing in a Nifty index fund directly. Step 1: To buy a Nifty index fund, you need a trading and demat account. Visit your stockbroker's website to open these accounts. Step 2: Open a trading and demat account as instructed by your stockbroker. This requires an online application form. You need to provide scanned KYC papers, including evidence of identification, address, and income. Step 3: Your stockbroker will approve your trading and demat account after KYC verification. Step 4: You will receive a user ID and password. Login to your stockbroker's trading site using this. Step 5: Select a Nifty index fund from the mutual fund section after logging onto the trading interface. Before choosing a Nifty index fund, analyze its performance and track record. Read all scheme-related documents. Step 6: After selecting a Nifty index fund, you may start a Systematic Investment Plan (SIP) or acquire fund units with a lump sum amount. What is an index fund? Index funds are a type of mutual fund that aims to replicate the performance of a specific stock market index, such as the Nifty 50. In other words, an index fund is a mutual fund that only buys equities that constitute a certain market index. Each stock in the index is given the same relative weight as the others, reflecting its inclusion in the index. To ensure that the portfolio's weightage of its members remains consistent with that... --- ### What are money market instruments? > Money Market Instruments are a very short-term debt in financing instruments that are issued with a maturity of one year or less. Read on. - Published: 2023-02-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-money-market-instruments/ - Categories: Indian Stocks, Personal Finance - Tags: money market, stock market Money market instruments are short-term financial instruments used to raise capital. Money market instruments, regulated by the Reserve Bank of India (RBI), are considered low-risk investments since the government or corporations with good creditworthiness back them. Objectives of the money market To facilitate short-term borrowing/lending of funds to meet the short-term liquidity needs of the government, financial institutions, and corporations. To provide a source of short-term investment for individuals and institutions. To promote monetary stability by controlling the supply of money and credit in the economy Importance of the money market Providing short-term funding for borrowing and lending by the government, financial institutions, and corporations. Promoting financial stability by regulating the supply and demand for short-term funds. Supporting economic growth by providing funds for various productive activities. Offering investment options to individuals and institutions with surplus funds. What are the advantages and disadvantages of money market instruments? Since the government and reputed corporations issue these instruments, investors’ money will be safe, and the returns assured. You can use these instruments as collateral for loans. However, the return on investment will be lower, given the nature of these instruments. Characteristics of money market instruments Most money market instruments have a maturity period of up to one year. They are easily tradable and can be quickly converted into cash. They are considered low-risk investments. Due to their low risk, they typically offer low returns. Types of money market instruments in India Treasury bills Treasury bills are short-term, highly liquid debt instruments issued... --- ### Penny stocks: Definition, features, and investment options > Penny stocks refer to a small company's shares that typically trade for lower than $5 per share. Reading to learn more. - Published: 2023-02-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/penny-stocks-definition-features-and-investment-options/ - Categories: Indian Stocks, Personal Finance - Tags: equity, indian stocks, penny stocks What are penny stocks? Investments in penny stocks are low-investment, high-risk propositions. Penny stocks are generally considered far riskier than the stocks of larger companies, as there can be wide fluctuations in their prices. Moreover, there is little information available about their performance and financial status. However, these stocks are more vulnerable to fraud and scams. You should do research and exercise caution before investing in these stocks. Penny stocks are shares of small companies that are traded at less than ₹10 per share. Please note that we are referring to the market value of these shares and not the face value. For instance, an Infosys share has a face value of ₹5, but this does not make Infosys a penny stock because its market price is several times that amount. Features of penny stocks Some of the characteristics of these stocks are as follows: Low cost Penny stocks trade at prices less than ₹10 per share. Higher returns If the company is making profits, there are greater chances of higher returns as the dividends are declared on the face value of the shares rather than on the market price. Price volatility The price of these puny stocks can fluctuate widely and often unpredictably. How to buy penny stocks in India You can buy penny stocks by following specific steps as discussed below. Open a brokerage account with a broker who deals with penny stocks. Complete the Know Your Customer (KYC) process. You need to furnish the broker with all... --- ### What is a pre-open market session in the stock market? > Pre-open market session is a time when market participants place orders for securities to be executed when the regular market opens. - Published: 2023-02-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-pre-open-market-session-in-the-stock-market/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, pre-open market session Understanding pre-open market session The pre-open market session refers to the period before the regular market hours begin, during which the trading of securities takes place. It is a time when market participants, such as traders and investors, can place orders for securities that will be executed when the regular market opens. During this session, the prices and volumes of securities can be more volatile and less liquid than during regular market hours. This is because of less trading activity and liquidity in the market during this time, which can lead to wider bid-ask spreads and greater price fluctuations. The pre-market open session is of short duration, typically lasting for 15-30 minutes. The window can be useful for market participants who want to make trades before the regular market opens. But, it can also be riskier due to the increased volatility and low liquidity. Some investors may prefer to avoid the pre-open market session and wait for the regular market hours to begin before making trades. However, for those who can stomach increased risk and volatility, the pre-open market session can be an opportunity to gain an advantage in the market. What are the benefits of a pre-open market session? Here are some of the benefits of the pre-open market session. Convenient Many investors who have day jobs may not have time to during regular market hours. Such individuals can make use of this window to place their trades. Getting an edge on the competition During the pre-market session, clever... --- ### What are the differences between NFO and IPO? > In an IPO, the company offers its shares to the investors, whereas in NFO, fund units are offered to investors. - Published: 2023-02-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-are-the-differences-between-nfo-and-ipo/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, IPO, NFO What is an IPO? IPO is short for Initial Public Offering (IPO). Basically, a private company makes its first round of IPO shares available to the general public. A company could decide to "go public" to raise equity capital from members of the general public. Due to the inclusion of private investors, the transition from a privatized to a publicly traded company is a vital phase for personal investors to realize the advantages of their investment fully. The IPO subscription status shows how many times a public offering was registered at the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE). Buyers can place bids for IPO shares on either of the exchanges. Live subscription to an IPO is significant to investors for the main justifications: Specific IPO buyers get IPO financing depending on BSE or NSE IPO status. The change of IPO grey market pricing is dependent on IPO subscription status What should you keep in mind before investing in an IPO? If you want to buy shares in an IPO, read the company’s prospectus. Acquiring as much information as possible on the firm that is going public is an essential first move. Make it a priority to choose an initial public offering (IPO) that is backed by a powerful underwriter such as a significant investment company. The IPO allotment status will show the number of shares an investor receives in an IPO. Both BSE and NSE provide live IPO subscription status on their website. Obtaining information about firms... --- ### What is Net Profit? > Net profit is the difference between a company's total revenue and total expenses. Read this to learn all about it and why it's useful. - Published: 2023-02-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/what-is-net-profit/ - Categories: Indian Stocks, Personal Finance - Tags: Gross Profit, Net Profit Net profit is something like a fishing net. It holds some stuff but filters out some other stuff. It is a metric that gives you a better picture of a company’s well-being because it is based on select factors. So you can use it to decide whether you want to be an investor. What is Net Profit? This term, also known as “net income” and “net earnings,” is the sum that remains after deducting all of the company’s expenditures from its total income. Notably, the net profit accounts for all a company’s financial transactions except taxes that are still due. It is a reflection of the company’s financial health. By familiarizing yourself with this concept, you can avoid generating erroneous predictions and create more efficient financial strategies. The net profit recorded in a balance sheet can usually be found at the bottom line of the relevant financial statement. That’s why it is sometimes called the “bottom line. ” How to calculate Net Profit This simple formula can help calculate this metric: Total Revenue – Total Expenses Some of the expenses deducted are: Operating expenses Interest Taxes Preferred stock dividends It is important to note that total income is calculated by subtracting all discounts and returns from the sales. On the other hand, the cost of selling and delivering the product is included in both operating expenditures and overhead expenses. The importance of Net Profit A positive figure indicates a healthy enterprise. If a corporation is profitable, one cannot know by... --- ### CDSL vs. NSDL: What are the differences between them? > CDSL vs NSDL: Want to know what is the difference between CSDL & NSDL? Here is a detailed post comparing them. Read more about it. - Published: 2023-02-13 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/cdsl-vs-nsdl-what-are-the-differences-between-them/ - Categories: Indian Stocks, Personal Finance - Tags: CDSL, demat accounts, NSDL The government registers share depositories, such as NSDL and CDSL, with the market watchdog Securities Exchange Bureau of India (SEBI). What do these depositories do, and how do they work? Learn all about them with our brief explainer below. NSDL and CDSL A depository can be a company, bank, or other entity that facilitates security trading. (Central Depository Services Limited) (CDSL) and National Securities Depository Limited (NSDL) are the depositories of India’s most important stock exchanges: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), respectively. Although the two depositories are employed by separate exchanges, the transfers are free to use any of the deposits for the trading and clearance of shares and additional assets. How do depositories work? Depositories, like CDSL and NSDL, are entities that help financial institutions like exchanges and banks hold securities. They also support the trading of these securities. In other words, depositories equip the storage and transfer of money between parties, invest, and lend. By doing this, they lend security and liquidity to the market. Depositories play a crucial role when a company has to pay dividends to its shareholders. Companies looking to pay out dividends will require shareholder details. In the past, an investor had to transfer a share certificate to sell shares to someone. You don’t need to do that now. All that’s required now is a simple transfer between Demat accounts. These Demat accounts are essentially “dematerialized” because they eliminate the physical certificate transfer. That’s where share depositories come... --- ### NSE, BSE, and MCX: Trading and market holidays 2023 > A list of stock market holidays will be of immense help to traders and investors alike. We bring you a ready reckoner. - Published: 2023-02-12 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/nse-bse-and-mcx-trading-and-market-holidays-2023/ - Categories: Indian Stocks, Personal Finance - Tags: BSE, market holidays, MCX, NSE The National Stock Exchange of India Limited, known as the "NSE," and the Bombay Stock Exchange Limited, better known as the "BSE," are two of the most important exchanges in India for dealing in securities. We provide an overview of India's prominent stock exchanges, complete with a list of market holidays for your ready reference. They provide services related to trade throughout the year. The exchanges are open for business throughout the weekdays from 9. 15 a. m. to 3. 30 p. m. (normal session), giving traders 6 hours and 15 minutes to transact business. The exchanges remain closed on weekends. There is no trading on stocks, equity derivatives, or the Securities Lending and Borrowing (SLB) section on specific trading holidays. In addition to weekends, the stock market holidays on account of festivals and other occasions apply to both NSE and BSE. The following is a list of trading holidays for the stock segment, equity derivative segment, and SLB segment for both the NSE and the BSE. NSE Exchange Unless otherwise noted, the National Stock Exchange (NSE) is closed on weekends and only operates Monday through Friday. All 2023 NSE Sensex holidays are shown here. List of Trading Holidays of the NSE Market in 2023 DAYDATEHOLIDAYSCHEDULEThursday26 JanuaryRepublic DayFull Day OffSaturday18 FebruaryMaha ShivaratriMorning OffWednesday8 MarchHoliMorning OffThursday30 MarchRam NavamiMorning OffTuesday4 AprilMahavir JayantiMorning OffFriday7 AprilGood FridayFull Day OffFriday14 AprilDr. Baba Saheb Ambedkar JayantiMorning OffFriday21 AprilId-ul-Fitr (Ramzan ID)Morning OffMonday1 MayMaharashtra DayFull Day OffWednesday28 JuneBakri Id / Eid al-AdhaMorning OffSaturday29 JulyMuharramMorning OffTuesday15 AugustIndependence DayFull Day... --- ### Stock market timings in India | BSE & NSE share market timings > Indian stock market timings are from 9.15 a.m. to 3.30 p.m. on all weekdays. Read to learn what happens during each session. - Published: 2023-02-12 - Modified: 2024-07-17 - URL: https://coinswitch.co/switch/personal-finance/stock-market-timings-in-india-bse-nse-share-market-timings/ - Categories: Indian Stocks, Personal Finance - Tags: india, stock market timings An overview of stock market timings: Opening and closing hours First and foremost, you should be aware that Indian stock markets operate Monday through Friday and are closed on weekends. Besides, markets are closed for national holidays like Republic Day, Independence Day, Gandhi Jayanti, etc. It is important for traders and investors to know the stock market timings. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are the two main stock markets in India (NSE). Stock markets in India are open for business during certain hours each day. From 9:15 a. m. to 3:30 p. m. , Monday through Friday, investors can make transactions. On the MCX and NCDEX exchanges, the trading hours for the commodities (non-agricultural) market (gold, silver, crude, etc. ) are from 10:00 a. m. to 11:30 p. m. , Monday through Friday. The typical trading time for commodities (agri) markets such as Cotton, CPO, SYOREF, and other similar markets is from 10:00 a. m. to 5:00 p. m. , Monday through Friday. During business hours, investors and traders engage in continuous trading activity. Unlike banks and other organizations, Indian stock markets do not break for lunch or tea. Broadly, Indian stock market timing is divided into three trading sessions: Pre-opening session Trading session Closing session Let’s understand what transpires during each of these sessions. Pre-opening session The pre-opening session of the market is open from 9:00 a. m. to 9:15 a. m. on weekdays, or before the normal trading session begins. There are... --- ### What is IPO? - Meaning, types, process & eligibility > When a private company floats its shares to the public for the first time, it is known as initial public offering. Read to learn more. - Published: 2023-02-12 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-ipo-meaning-types-process-eligibility/ - Categories: Indian Stocks, Personal Finance - Tags: IPO, IPO types IPO, short for initial public offering, is a common term in stock market investing. A private firm becomes a public corporation by issuing shares. IPO offers a great opportunity for the general public to participate and profit from their investments. When they start out, most firms depend on the initial capital invested by their founders, venture capitalists, and other funding sources. Typically, a firm decides to launch an initial public offering once it has reached a stage of its growth and is confident that it can comply with regulatory obligations. IPOs help companies garner funds for their expansion plans, such as building infrastructure, hiring employees, foraying into new markets, etc. Though IPO offers investors a chance to partake in the company’s growth and profits, you must do proper research to understand if a particular offer is worth investing in. This blog post will fill you in on everything you need to know before investing in an IPO. Let’s dig in. Different types of IPOs Generally, there are two types of IPOs. We will discuss them in detail. Fixed-price issue In a fixed-price offering, the company and its analysts evaluate the bids' pricing. They judge the company's resources, responsibilities, and every aspect of its economic situation before deciding on IPO pricing. Essentially, the company sets a fixed price at which the shares will be issued to investors. The advantage for investors is that they know the fixed price while subscribing to the issue. Book building issue Unlike fixed-price issue, the IPO... --- ### What are corporate bond funds? > A corporate bond fund is a mutual fund that invests more than 80% of its total assets in corporate bonds. Read to learn more. - Published: 2023-02-10 - Modified: 2023-10-12 - URL: https://coinswitch.co/switch/mutual-funds/what-are-corporate-bond-funds/ - Categories: Mutual Funds - Tags: corporate bond fund, mutual fund Defining corporate bond debt funds Corporate bond funds are mutual funds where at least 80% of the fund's assets are invested in corporate bonds. Businesses sell these to fund urgent expenses, such as working capital needs, marketing, and insurance premiums. As the costs associated with corporate bond funds are less than those associated with bank loans, they are gaining appeal as a means for businesses to access critical capital. Types of corporate bond funds In general, there are two different kinds of corporate bonds that a mutual fund may invest in: Funds that solely invest in high-quality debt securities. Banks and government agencies are two examples. Funds that invest in firms with lower credit ratings. Debt papers rated 'AA-' or below. Who should invest in corporate bonds? Due to capital protection, mutual funds that invest in corporate bonds are less risky. It favors risk-averse investors expecting high rewards. The tenure of the funds is typically between one and four years, ensuring investor flexibility. Credit risk boosts the interest rates on corporate bonds. Government bonds are safer investments. The corporate bond risk is determined by portfolio managers. Businesses with low ratings are more liable to default than those with excellent ratings. Features and benefits of corporate bond funds Investing in these funds may provide investors with several benefits, including the following: Higher return Relatively speaking, corporate bond funds deliver substantially higher returns vis-a-vis alternative debt instruments available in the market. Typical yields can range between 8% and 10%. Liquidity As corporate... --- ### IPO vs. FPO: What is the difference between an IPO and FPO > Is IPO better than FPO? Or is it the other way around? Understand the differences between IPO and FPO with this blog. - Published: 2023-02-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/ipo-vs-fpo-what-is-the-difference-between-an-ipo-and-fpo/ - Categories: Indian Stocks, Personal Finance - Tags: IPO. FPO Before investing in the stock market, every investor has to understand some basic terms. IPO and FPO are two such terms. They pertain to investments in the stock market. The main difference between IPOs and FPOs Companies put out IPOs (Initial Public Offerings) and FPOs (Follow-on Public Offers) when they are seeking to generate money from the equity market. What is an IPO? IPO stands for Initial Public Offering. It is a common term in the stock market. Any company that wants to grow must issue an IPO. An IPO is more or less like a share—it gives the buyer a stake in the company. Money raised in this way helps the corporation pursue and accomplish business objectives, such as rapid expansion. When looking to borrow money in this way, improved openness and share listing reliability may help get better terms. Any new venture may choose to go public with an IPO when it feels mature enough to meet the requirements of the Security Exchange Board of India (SEBI). The company seeking an IPO should also feel confident enough to assume all obligations toward common stockholders. Many organizations on the IPO journey use Employee Stock Ownership Plans or ESOPs or profit sharing to align the interest of employees with shareholders. What is an FPO? In the share market, FPO, or a “follow-on public offer,” is the route a business takes to raise funds when it is already listed on a stock market. Companies undertake an FPO to increase the size... --- ### What is ESOP? - Definition, benefits & how does it work? > ESOP is short for Employee Stock Ownership Plan, where employers offer their employees the firm's stock at a low or no additional cost. - Published: 2023-02-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-esop-definition-benefits-how-does-it-work/ - Categories: Indian Stocks, Personal Finance - Tags: ESOP, indian stocks As far as employee benefits go, ESOP is the new kid on the block. What is ESOP? It’s short for Employee Stock Ownership Plan. Basically, companies may offer their employees discounted or free shares that they may sell at the end of a certain period at a specific price. ESOPs burst into the Indian corporate scene with startups such as Flipkart and Myntra. How does ESOP work? Companies choose the share allotment, share price, and receivers for ESOPs. Firms provide eligible employees with an ESOP award date and grant amount. During an ESOP award, the funds are kept in a trust for a certain amount of time before being readily accessible to the employee. Employees must stay with the firm during the vesting period to benefit from the ESOP and become a shareholder. After the vesting term expires, the employee stock option scheme becomes fully vested and can be exercised. The date of vesting is the last day of the vesting period. Employee stock ownership plans (ESOPs) let members acquire company equity at prices determined by their employer that are lower than the current market price. Employees may sell ESOP in the share market, enabling them to realize a profit. What are the benefits of an ESOP? Here are some of the ESOP benefits. The benefits to employees Stock ownership: ESOPs allow employees to hold a percentage of the company's share capital. Employee stock ownership programs allow them to earn from ownership in the company where they work. Dividend income:... --- ### How to buy stocks online > Thinking about how to buy stocks? Here's everything we have discussed that can help you in buying stocks. Continue reading to learn more. - Published: 2023-02-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/how-to-buy-stocks-online/ - Categories: Indian Stocks, Personal Finance - Tags: how to buy stocks, indian stocks In recent years, retail investors have evinced interest in the Indian stock market thanks to its stellar performance. However, many of them have been intrigued by how to buy stocks online. Actually, the process is simple if you follow certain logical steps and go about the process diligently. This blog post will handhold you through the investment journey. Which are the best stock exchanges? When it comes to India, the best platforms to buy stocks are the two leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Both are known for their high levels of liquidity, trading volume, and market capitalization. The National Stock Exchange (NSE) is the largest in India in terms of trading volume and market capitalization. It offers a wide range of products and services such as equity, derivatives, currency derivatives, and debt securities. The Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia and the first stock exchange in India. It offers various products and services, such as equity, derivatives, mutual funds, and debt securities. Both exchanges have a good reputation for transparent, efficient, and fair trading practices. How to buy stocks using a direct purchase plan? Research the direct stock purchase plan (DSPP) made available by the business you are interested in investing in. Send a completed registration form and your first contribution straight to the firm or its transfer agent to acquire shares via the direct purchase plan. Certain programs call for continuous investments to be made... --- ### Income tax slabs and current tax rates in India > At present, the income tax slab rates vary according to the regime you opt for in India. This article explains it all in simple terms. - Published: 2023-02-10 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/income-tax-slabs-and-current-tax-rates-in-india/ - Categories: Personal Finance - Tags: Income Tax, Income Tax Slab, tax rate Tax calculations are pretty taxing! And confusing. We sure agree. And we can’t say it will be super simple if you want to figure it out manually, but we can simplify it further. And that’s precisely what we’re here to do with the topic of income tax slabs. What is an income tax slab? An income tax slab is a classification of taxpayers based on income. Every individual is classified in one of the many tax brackets. The categorization indicates the percentage of tax people falling within one category must pay. Therefore, those with higher wages are legally required to contribute a bigger proportion of their earnings to the government. The tax slab system was developed to level the playing field for all taxpayers. With each new budget plan, the tax slab is inevitably revised. You can learn about the new income tax slabs in the section below. Old income tax slabs for FY 2023–24 In India, since 2020, we have had two taxation regimes. Any taxpayer can opt for other of them. The first is the subject of discussion in this section. The table below shows the modified old income tax slabs and rates applicable to FY 2023–2024. Income Tax SlabIndividuals Below The Age Of 60 Years – Income Tax SlabsUp to ₹2. 5 lakhNIL₹2. 5 lakh -₹5 lakh5%₹5 lakh – ₹10 lakh20%> ₹10 lakh30% New income tax slabs for FY 2023–24 The table below shows the modified new income tax slabs and rates applicable to FY 2023–2024. Income... --- ### What is the grey market, and how IPO shares are traded on it > A grey market is one where the trading of goods takes place outside the realm of the manufacturer's official trading channels. - Published: 2023-02-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-grey-market/ - Categories: Indian Stocks, Personal Finance - Tags: black market, grey market, unregulated stock market We, humans, love to color code things, don’t we? White- and blue-collared workers, yellow slips, black Friday sales... oh, we can go on. This article is another color-coded word in the world of finance: the Grey Market. What is the grey market? The Grey Market has a more popular name: Black Market. They are parallel or unofficial marketplaces. IPOs are made available on them for purchase before their formal launch for exchange on the stocks. Since they are unregulated markets, there are no constraints around them. Every single transaction is made with cash. Aside from the stock exchange, brokers, and SEBI, no other organizations support this transaction. A small number of people engage in such operations on the grey market. In India, such market are unregulated. Benefits of the grey market The unregulated market comes with its share of benefits. To name two: Even before the IPO’s listing, this type of market lets investors withdraw funds. Investors may, therefore, profit from price changes before the listing. Before the company goes public, this market ensures that the issuer and the underwriter receive an expected share price and valuation. The drawbacks of the grey market In an IPO market of this kind, price forecasts based on the premium are usually not accurate. It may be influenced by additional institutional investor subscriptions. The estimations don’t necessarily reflect reality because there are so few participants in the IPO black market. What are grey market stocks? A company’s equity is referred to as grey market... --- ### What is Cardano (ADA)?-A guide for beginners > Looking to understand what is Cardano crypto, how does it work, and how to buy Cardano. Read to learn more about it. - Published: 2023-02-10 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/what-is-cardano-ada-a-guide-for-beginners/ - Categories: Crypto - Tags: cardano, crypto Cardano is a blockchain platform that uses proof-of-stake consensus to verify and validate transactions on the network. ADA is the native token of the Cardano network, the digital currency that facilitates transactions on the blockchain. Cardano crypto ranks among the top 10 cryptos in the market today. Rather than just another peer-to-peer payment system, the Cardano blockchain is renowned for its robustness and implementation of smart contracts. Cardano history Ethereum co-founder Charles Hoskinson conceived the Cardano network in 2015, and the blockchain launched in 2017. Cardano is a third-generation blockchain protocol that follows Bitcoin and Ethereum. Cardano has established itself as an Ethereum alternative in a few years since its launch. Both networks aim to create a linked, decentralized system and are utilized for comparable applications like contracts. The Cardano blockchain offers financial services to the unbanked public worldwide. How to mine Cardano? Cardano captured the imagination of the wider crypto community due to its unique proof-of-stake mechanism. Due to this mechanism of verifying transactions, Cardano is best known for reduced transaction time and energy use compared to Bitcoin or Ethereum. In PoS mechanism, participants stake their tokens to qualify as validators. The Cardano proof-of-stake mechanism operates on the premise that block validators are selected at random. By investing the most in each validation, the validators might increase their chances. The likelihood of validating the block and obtaining the transaction fee increases with the amount of money staked in the block. How does Cardano crypto work? The Cardano blockchain adheres... --- ### Operating Cash Flow (OCF): Methods, formula and examples > Operating cash flow (OCF) is the cash a company's regular operations generate in a specific time period. Read this to know more. - Published: 2023-02-10 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-operating-cash-flow/ - Categories: Indian Stocks, Personal Finance - Tags: indian stocks, ocf, operating cash flow In modern India, we see new businesses pop up every day. But how many of them are able to survive? Many of them start with a bang but then go out with a whimper before any of us even realize it. If you plan to set up any kind of business, you need to find a way to ensure that your operating costs are sustainable. Keeping track of your operating cash flow will help you do that. What is the operating cash flow? The net cash that an organization’s operations generates is the Operating Cash Flow (OCF). It excludes all financial or investment activities. Companies need a positive cash flow to sustain and expand their activities. The OCF helps them with this by offering a way to judge the sustainability of their primary operations. Both non-cash revenue and cost activities impact the net income. So the OCF activities are a more accurate indicator of financial health. Moreover, for a finance corporation, a cash flow example from an operating activity is the payment of interest. Analyzing a cash flow statement Analysts pay particular attention to the OCF statement as it offers insights into the underlying entity’s financial health. To assess whether a firm is in a position to finance its capital base, compare its cash flow to its ongoing need for assets. If the latter exceeds the former, you may need to look for extra financing. Alternatively, the management may decide to replace assets more frequently, which could lead to greater... --- ### How to grow your crypto portfolio with Recurring Buy > Want to know the ways how can you grow your crypto portfolio using the recurring buy strategy? Here is everything you need to know. - Published: 2023-02-10 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/how-to-grow-your-crypto-portfolio-with-recurring-buy/ - Categories: Crypto - Tags: DCA, recurring buy, SIP Do you always have plans to invest in crypto but are too broke by the end of the month to do it? Do you want to find a way to keep your crypto portfolio growing without burning a hole in your pocket? If so, you’ve come to the right place. Because the Recurring Buy option can help you fulfill many of your plans without letting you feel the pinch. Grow your crypto portfolio with recurring buy Recurring buying is a trading strategy. Anyone can use it to grow a cryptocurrency portfolio very easily. However, it is important to remember that cryptocurrency investing is highly speculative and comes with a high degree of risk. So, don’t forget to speak to a financial expert before making investment decisions. What is a Recurring Buy? A recurring buy is essentially a trading strategy. It is also known as Dollar-Cost Averaging (DCA). It involves buying a fixed amount of a specific cryptocurrency at regular intervals, regardless of the price. By committing to invest a set amount of money at regular intervals, you can average out the cost of your investment over time. It also helps you reduce the impact of volatility. Recurring buys also can be a good way to build a diversified portfolio while also reducing the risk of timing the market. A recurring purchase allows you control over the amount of crypto and the frequency of your spending on it. It is a stress-free alternative to trying to time the market and saves... --- ### What are hybrid mutual funds? > A Hybrid Fund is a mutual fund that invests in more than one asset class depending on the investment objective. Read this to learn more. - Published: 2023-02-10 - Modified: 2023-12-06 - URL: https://coinswitch.co/switch/mutual-funds/what-are-hybrid-mutual-funds/ - Categories: Mutual Funds - Tags: hybrid funds, hybrid mutual fund, mutual funds Generally speaking, there are three different types of investments: stock (or high-risk investments), debt (or low-risk investments), and hybrid investments. Many investment advisors tell their clients to build an investing strategy on the basis of their financial objectives, level of risk tolerance, and time horizon. However, since everyone has unique wants and goals, it can be challenging to classify yourself as high-risk or low-risk. Hybrid mutual funds fill this gap. What are hybrid mutual funds? A hybrid fund makes an effort to build a balanced portfolio to provide its investors with consistent income and long-term capital growth. The fund manager divides the money across equities and debt instruments in changing ratios, building a portfolio in accordance with the scheme's investment goal. Furthermore, if market movements are advantageous, the fund managers will also purchase or sell assets. How do hybrid mutual funds work? Hybrid funds help generate income in the present while aiming for long-term wealth growth. They are a tool for building a well-balanced portfolio. When you invest in this kind of fund, the fund manager allocates your money in various ways based on your investment objective. So your money is split between stock and debt. The fund administrator has the right to buy or sell securities to help you benefit from market fluctuations. Types of hybrid funds Based on their asset allocation, hybrid funds are further divided into the following categories. While some hybrid funds allocate more to debt than equity, others do the opposite. Let’s take a closer... --- ### A guide to Bitcoin trading in India: Strategies to try in 2023 > Everything you need to know about bitcoin trading strategies and what are their pros and cons. To know more about it, read on. - Published: 2023-02-10 - Modified: 2023-09-08 - URL: https://coinswitch.co/switch/crypto/a-guide-to-bitcoin-trading-in-india-strategies-to-try-in-2023/ - Categories: Crypto - Tags: bitcoin trading, crypto It is essential to have a crypto trading strategy to make informed decisions while trading. Various elements are included in trading cryptocurrency strategies. The strategy uses several analytical methods to pinpoint target market circumstances and price levels, such as key resistance and support zones. This blog will discuss crypto trading with specific reference to bitcoin trading. Day trading In day trading, you enter and close trades on the same business day. Day trading aims to profit from price changes that occur throughout a single trading day or intraday price swings. Day trading in crypto seeks to capitalize on rapid price changes and swings between bull and bear markets. Advantages The investor is free to choose their objectives and pace. Potential for significant gain and favorable for taking on debt. Opportunity to generate profits even during market downturns. Greater profitability in a shorter time-frame. Disciplined and seasoned traders may make a profit with a few deals quickly and enjoy the rest of the day. Disadvantages The risk of over-allocating assets during day trading is real. Day trading in crypto is similar to investing, and you should trade only with money you can afford to lose. Keep a close watch on the market. Stop-losses are only useful in the short term and not reliable as a permanent fix. Range trading The premise of range trading is that, on average, crypto prices will only move within a specific range during a specified time frame. A price's departure from that range is often seen... --- ### Top 5 crypto social trading platforms you should try in 2023 > Crypto social trading allows you to invest in crypto automatically and 'copytrade' the positions of winning traders with a positive ROI. - Published: 2023-02-10 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/top-5-crypto-social-trading-platforms-you-should-try-in-2023/ - Categories: Crypto - Tags: crypto, crypto trading What is crypto social trading? Social trading platforms connect traders in the same way social networks connect people. In fact, they facilitate the acquisition of different assets, such as crypto. Social trading platforms are an alternative to traditional platforms for online trading since they enable users to interact with and learn from other traders in the same market or trade the same assets. Here, "crypto social trading" refers to crypto trading platforms that facilitate the buying and selling of crypto among its users. Let us find out which is the best platform for crypto trading. Best 5 crypto social trading platforms We will discuss some of the popular crypto social trading platforms. eToro eToro, one of the first social trading and copy trading platforms, is highly recommended for beginners who want to connect with, follow, and learn from the experience of other traders in the crypto market. eToro's crypto trading platform provides some of the most cutting-edge social trading capabilities in the business while being highly creative, practical, and user-friendly. The website currently offers over 16 different cryptos along with stocks, commodities, and foreign exchange pairings. With eToro, you can find a wide variety of traders and methods to learn. You can check the number of times a main trader has been "liked" and check comments posted by copy traders like you. This would help you control your risk and exposure to various assets. Bitget Bitget, launched in 2018, has quickly become one of the most popular copy trading and... --- ### Explainer: Difference between mutual funds and equities > Mutual fund investment is a type of indirect stock market investing. Equities are shares issued by a company. Read on to find out more. - Published: 2023-02-09 - Modified: 2023-09-21 - URL: https://coinswitch.co/switch/mutual-funds/explainer-difference-between-mutual-funds-and-equities/ - Categories: Mutual Funds - Tags: equity, mutual funds Mutual funds vs. equity: An overview Investors are pouring money into equities and mutual funds at a record rate. To make a wise investment decision, one must be well-versed in all options available. The mutual fund vs. equity discussion has been going on for quite some time, but still, there is a lot more to be learned about the two popular modes of investment. This blog will explain the difference between equity and mutual fund and recommend the best investment option for you to consider. What is meant by equity in the share market? Equity is a common term in finance that has applications in the share market and real estate sector. The value of the shares an investor holds in a corporation is his equity. Investing in stocks is possible with the aid of trading apps or brokers. Under the SEBI Act of 1992, the Securities and Exchange Board of India (SEBI) oversees the functioning of Indian stock exchanges. There are two main ways to purchase shares of stock: the initial public offering (IPO) and the secondary market. Opening a trading and demat account and other legal requirements like linking your PAN card is necessary to trade in stocks. One should do proper research before making decisions about direct equity investment. A company’s track record, financial statements, board of directors, industry, and projected growth are things to look out for. If you can commit to an equity investment for the long haul, you can earn a decent profit. What... --- ### What's the difference between open-ended and closed-ended mutual funds? > Open-ended mutual funds are always open to investment, and closed-ended funds are where your investment is locked in for a specified period. - Published: 2023-02-09 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/mutual-funds/whats-the-difference-between-open-ended-and-closed-ended-mutual-funds/ - Categories: Mutual Funds - Tags: Closed-ended funds, mutual funds, Open-ended funds Open-ended mutual fund The term "open ended funds" denote investments and redemptions being available at all times. Open-ended investment is a popular type of mutual fund investing in India. These funds are perpetually open because they don’t have a lock-in period or maturity. In addition, open-ended funds can accept public investments up to their total AUM limit. Open-ended funds base their daily NAV calculations on the worth of the underlying assets at the end of the business day. In most cases, these funds are not exchanged on stock markets. As a result, open-ended mutual funds generate invaluable liquidity compared to closed-ended funds. Advantages of open-ended funds An open-ended mutual fund provides substantial liquidity, enabling you to redeem your units as per your choice. Besides, unlike other long-term asset classes, open-ended funds provide withdrawal at the present Net Asset Value (NAV). Past performance data is readily available, which helps investors make an informed investment decision. Open-ended funds work especially well for salaried people as they can invest through a Systematic Investment Plan (SIP). Disadvantages of open-ended funds Despite the fund owner's best efforts to keep the portfolio diversified, open-ended funds are nonetheless susceptible to market risks—the variations in the fundamental benchmark cause changes in the fund's NAV. Open-ended funds designate fund managers to oversee all decisions regarding purchasing assets for the fund. Consequently, the investors have almost no influence over the fund's asset mix. Closed-ended mutual funds In a closed-ended unit trusts plan, your money is locked in for a predetermined... --- ### What are interval funds? > Interval funds offer to repurchase their shares from shareholders periodically. To know more about it, visit us Now! - Published: 2023-02-09 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/mutual-funds/what-are-interval-funds/ - Categories: Mutual Funds - Tags: interval funds, mutual funds Mutual funds come in all shapes and sizes. The Securities and Exchange Board of India (SEBI) has classified various financial products to help investors make informed decisions. These divisions are made depending on the type of assets the plan invests in, the length of the investment period, etc. Open-ended investments, closed-ended investments, and interval funds are examples of this kind of categorization. We shall discuss the various interval fund types in India. Defining interval funds An interval fund may invest in equities, debt, or securities. The units of these funds can only be bought and redeemed at a specific window of time. The fund company announces these for shareholders to sell and purchase units. They are comparable to closed-ended funds as you cannot buy or redeem units often. The following are some of the advantages of interval funds: Frequently, the profits on interval funds exceed those of open-ended investment options. Low-minimum alternative institutional-quality investments will be available to retail investors. The fund may, from time to time, make investor proposals to repurchase assets at NAV. How does an interval fund work? An interval fund is a great combination of open-ended and closed-ended funds. Some plans may also be traded on the stock market. Investors can purchase and sell units at the current NAV at a specified time. The fund manager can devise a sound investment plan without being concerned about outflows and liquidity since the financial institution sets the redemption period. Who should invest in an interval mutual fund? These... --- ### Know the benefits of mutual funds before you invest > Mutual funds are a great investment option for a beginner as well as an experienced investor. Know about the various benefits of investing. - Published: 2023-02-09 - Modified: 2023-10-17 - URL: https://coinswitch.co/switch/mutual-funds/know-the-benefits-of-mutual-funds-before-you-invest/ - Categories: Mutual Funds - Tags: mutual fund benefits, mutual funds What are mutual funds? Mutual funds are firms that pool money from many investors and invest in diverse instruments such as bonds, stocks, and short-term debt on their behalf. In India, the mode of investment has emerged as a favorite with investors as they generate healthy, inflation-adjusted returns over the years. This blog post will discuss the benefits of investing in mutual funds. Benefits of mutual funds in India Investing in mutual funds might benefit you, and you need to understand the factors that make this financial product attractive. The information will help you decide whether to invest in mutual funds. You can generate more wealth through mutual fund investment and a regular income. You can also secure your capital with the investment. With expert management, you can enjoy liquidity and the advantage of diversification. Advantages of mutual fund lump sum investments Investing a lump sum amount is a mutual fund strategy adopted by many investors. With a lump sum investment, you can easily control your entire investment. Also, you will have the opportunity to enjoy the power of compounding. A lump sum investment is a good option when the market corrects, which will give you the benefit of reaping a bounty when the market rebounds. Advantages of mutual fund SIPs SIP stands for systematic investment plans in mutual funds. An SIP will enable you to invest small amounts over a period of time, typically in monthly installments. Essentially, the SIP scheme works best for salaried individuals who have a... --- ### Low-duration mutual funds: Know all the factors involved > Low Duration Mutual Funds are short-term debt funds that invest in short-term debt securities. Read this blog to learn about them. - Published: 2023-02-09 - Modified: 2023-12-29 - URL: https://coinswitch.co/switch/mutual-funds/low-duration-mutual-funds-know-all-the-factors-involved/ - Categories: Mutual Funds - Tags: Low Duration, Low-duration mutual funds, mutual funds Many people look forward to investing in different sectors. Mutual funds are one way to do that. However, in case you are confused about whether you should go for a long-term or short-term investment, stop right there. Because we’re giving you all the answers with this basic explainer on low-duration mutual funds. Introduction to low-duration mutual funds If you are going to invest your money for a short period, you may want to go for a short-term mutual fund. But what are they? Are they really worth it? And how do they work? Read on to find out. How do low-duration mutual funds work? Before you decide to invest your money in a short-duration fund, make sure that you are clear about how it works. First things first, low-duration mutual funds work within the time limit of 6 to 12 months. When you invest in this type of mutual fund, you essentially invest in debt securities and money market instruments. Who should invest in low-duration funds? If you want quick returns and benefits, you can invest in low-duration funds. It will help if you have at least a short-term investment plan for 3 months in place. Also, your investment horizon should be near. Because the maximum term for these mutual funds is 12 months. Taxation on low-duration mutual funds Taxation is an essential factor to consider before making any investment. So also with low-duration mutual funds. You need to know that the returns are taxable. You don’t have to pay... --- ### What is a Central Bank Digital Currency (CBDC)? > CBDC is the digital form of a country's fiat currency. It is regulated by its central bank. Learn all about it with this article. - Published: 2023-02-09 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/what-is-a-cbdc/ - Categories: Crypto - Tags: CBDC, crypto You’ve heard of the digital rupee, right? That’s a Central Bank Digital Currency (CBDC). Most of us have heard of it, but do we know how it works? If you are one of those that don’t fully get it, stick around. Because you won’t find a simpler explainer. Understanding Central Bank Digital Currencies (CBDCs) Central Bank Digital Currencies, or CBDCs, are digital currencies issued by central banks of nations. Their value correlates with that of the issuing country’s fiat currency. CBDC efforts are expanding universally for a variety of reasons. Initially, the COVID-19 problem triggered a steep decrease in currency use. Ever since, there has been a marked shift in preferences, with users gravitating toward digital, contactless outflows and e-commerce. Another reason for the change is the emergence of cryptos created by unofficial groups or private firms. As cryptos experienced great growth and value increases, governments had to step up with regulation and CBDC alternatives. As of March 2022, 87 nations representing over 90% of the world’s GDP were examining CBDCs. Nine had executed a state-owned digital currency. The goals of CBDCs Numerous people lack access to financial services across the globe. Around 5% of individuals, even in a developed nation like the US, did not have a bank account in 2021. Another 13% use pricey alternatives like money orders, payday loans, and check cashing services but still maintain bank accounts. The basic objective of CBDCs is to offer economic security, transparency, transferability, ease, and openness. CBDCs may also lessen... --- ### What are dynamic mutual funds, and are they worth investing in? > Dynamic Funds benefit from both rising and falling interest-rate cycles. To know who should invest in it to get benefits, read this blog - Published: 2023-02-09 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/mutual-funds/what-are-dynamic-mutual-funds/ - Categories: Mutual Funds - Tags: debt funds, dynamic mutual funds, mutual funds The profitability of debt funds changes with changing interest rates. Debt funds see a decline in returns while interest rates are rising. On the other hand, they make money when interest rates drop. Dynamic mutual funds, on the other hand, adjust the proportion of long-term and short-term securities in the portfolio to take advantage of both rising and falling interest rates. Thus, such funds can provide consistent returns irrespective of interest rate cycles. Here, we examine such stocks and bonds to help you make up your mind about whether to invest. What are dynamic mutual funds? Both the age and composition of dynamic mutual funds are “dynamic. ” That means the composition, as well as the maturity date, changes to give you the best returns. The point of using these funds is to get the best returns even during rising and sliding market cycles. The fund managers of a variable debt fund portfolio, for instance, can manage it dynamically in response to, say, interest rate fluctuations. However, there may be pauses between adjustments. These interruptions may also impact the profits of bonds. In such cases, dynamic mutual funds may work better for investors who wish to earn profits from debt securities, irrespective of the fate of interest rates. How do dynamic funds work? One of the key characteristics of a dynamic fund is its ability to move between short-term and long-term investments quickly. Therefore, if the portfolio manager anticipates a fall in interest rates, they may switch to long-term securities.... --- ### Mastering the art of crypto portfolio management: Strategies for success > Crypto portfolio management is a set of techniques investors use to manage their investment portfolio more efficiently. - Published: 2023-02-09 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/mastering-the-art-of-crypto-portfolio-management-strategies-for-success/ - Categories: Crypto - Tags: crypto portfolio, Crypto portfolio management With nearly thousands of tokens, the crypto world can leave even experienced investors baffled. That’s why most experienced investors rely on portfolio management techniques to get the job done. Different tools and mental models play a key role in helping reduce risks, and the pro trader knows that. Want to join their league and pick up a few strategies to help you master the art of crypto portfolio management? You’ve come to the right place. Understanding the basics of crypto portfolio management Crypto portfolio management is the one differentiating factor between successful and unsuccessful investors. As the number of crypto tokens multiplies, and so do crypto investments, many investors are turning to portfolio management techniques. The principles of portfolio management can help investors not just reduce risks but also boost profits. While the basic premise is to diversify the risks, there is much more to this art. What is crypto portfolio management, and why is it important? Portfolio management is a set of techniques investors use to manage their investment portfolios more efficiently. A key component is to teach investors to spread their money across multiple asset classes. Doing so not only reduces risk in the event of a bad call. But it also helps use multiple models to optimize their earnings. The art of portfolio management offers other benefits, too, such as a constant review of investments. It also eases the taxation process. Different types of crypto portfolio management strategies While mantras such as HODL have caught the fancy... --- ### Understanding risk/reward ratios > The ultimate guide to the risk/ reward ratio. Learn how to calculate it so you know whether the gains are worth the risks. - Published: 2023-02-09 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/crypto/understanding-risk-reward-ratio/ - Categories: Crypto - Tags: crypto trading, profitability, risk/reward ratio The risk/reward ratio is a trading metric that helps analyze whether the returns for undertaking a risk are adequate. Traders use it to evaluate whether an investment is worth pursuing. By learning all about it, you, too, can figure out whether you’re making the right calls. What is the risk/reward ratio? The risk/reward ratio is a metric in cryptocurrency investing. It refers to the potential profitability of an investment compared to the maximum possible loss. If an investment has a higher ratio of risks to rewards, the chances of benefiting from that investment are high, but so is the potential for loss. On the other hand, if the ratio is low, the loss is less likely, but so is the possibility of a good return. Factors that influence how the risk/reward ratio works A cryptocurrency project or investment with a high risk/reward ratio will have a high potential for growth. But it will also involve a lot of potential for volatility and/or loss. When considering this ratio in relation to cryptocurrency investing, investors must stay aware of the following: Current market conditions: During a market downturn, for instance, crypto investors—especially retail investors—may perceive investing as a risky affair. This perception could lead to a lower reward expectation for investors. Potential for future growth: Projects with strong fundamentals, a solid development team, and a clear roadmap for the future have lower risks and a higher potential for reward. Strength of the underlying technology: Well-established projects are usually perceived to have a... --- ### Top 5 non-fungible token (NFT) marketplaces in 2025 (Updated) > NFTs are unique cryptographic tokens that exist on a blockchain. Read on to know about top NFT marketplaces in India. - Published: 2023-02-08 - Modified: 2025-02-19 - URL: https://coinswitch.co/switch/crypto/top-5-nft-marketplaces-in-2025/ - Categories: Crypto - Tags: NFT, NFT marketplaces NFTs were all the rage a few years back, dominating every discussion in the crypto space. While the initial hype has settled, there is no denying that NFTs still dominate a significant corner of the digital space. Several top-rated NFT marketplaces have taken root in the larger blockchain space. We will discuss the top 5 NFT marketplaces in 2025.   What is an NFT marketplace? Put simply, non-fungible tokens (NFTs) are crypto asset chits that confer “ownership” of a piece of digital art or music on the buyer. NFT marketplaces are websites where users buy, sell, or mint NFTs. In other words, an NFT marketplace is a vast online store where users can explore the enormous assortment of goods offered for purchase and place orders. Since NFTs are housed on the blockchain, most NFT markets will require users to have a crypto wallet to store NFTs after making the purchase. Top 5 NFT marketplaces in 2025 Thinking of diving into the NFT space? We've curated a list of the top 5 NFT marketplaces in 2025 to help you get started. Note: The following list is in no particular order. OpenSea Launched in 2017, OpenSea has emerged as the world’s largest and most popular NFT marketplace.   During the NFT boom of 2021, OpenSea saw massive growth and recorded $2 billion in trade volume by early 2022. The NFT marketplace supports multiple blockchains, including Ethereum, Polygon, Solana, and Arbitrum. The platform offers easy NFT minting and a user-friendly interface and leverages... --- ### What is an IEO or IDO in crypto? > Initial exchange offerings (IEO) and Initial dex offering (IDO) platforms have a profound impact on the crypto market. Read to learn more. - Published: 2023-02-08 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/what-is-an-ieo-or-ido-in-crypto/ - Categories: Crypto - Tags: Initial DEX Offering (IDO), initial exchange offerings (IEO) Introduction to IEO and IDO Most of us are familiar with initial public offerings, or IPOs, where a company floats its shares. Though still a nascent market, the crypto space has its initial exchange offerings (IEOs). IEOs are similar to ICOs in that they are the first digital asset (tokens or coins) distributed to the general public to finance a new project. Initial DEX Offering (IDO), a crowdfunding method through a decentralized exchange, is another popular fundraising mechanism meant to replace ICOs, IEOs, and Security Token Offerings (STO). How do IEO and IDO work in crypto The convenience of IEOs for consumers lies in the fact that they don't need users to handle on-chain transactions using multiple wallets on blockchains. A user's participation in the IEO through the online interface is limited only by the user's ability to open an account on the exchange and maintain a positive balance in the account. The token issuer can freely arrange IDO without involving any other group or person. Likewise, the issuer, or project developers, may launch IDO on the blockchain platform by transacting with the product being developed. Why IEO and IDO are important for the crypto market The Initial Dex Offering solves many problems associated with ICOs. Thanks to decentralization, accessibility, the absence of fees, and additional commissions, the new tokenization approach might become the standard in the crypto sector. However, IDO needs to avoid pump-and-dump scams and facilitate equal participation of institutional investors and retail traders in token sales. Impact... --- ### Understanding DEX > A DEX (decentralized exchange) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial way. Learn more here. - Published: 2023-02-08 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/understanding-dex/ - Categories: Crypto - Tags: crypto, decentralized exchange What is a DEX (Decentralized Exchange)? Individuals can exchange crypto in an accessible setting on a DEX (decentralized exchange), which is a peer-to-peer marketplace. This eliminates the need for an intermediary to handle the transfer and custody of the money. DEXs, which use blockchain-based contracts, allow the exchange of assets, replacing intermediaries, brokers, banks, payment processors, and other entities. DEXs offer clarity on the transfer of funds and the processes supporting the exchange. In typical monetary operations, mediators provide little insight into transactions. DEXs reduce counterparty risk and lessen systemic centralization problems in the decentralized cryptosystem. How does a DEX work? Different DEX architectures exist, each with unique advantages, features, scalability, and decentralization. The two most popular forms are automated market makers (AMMs) and order book DEXs. DEX aggregators are a popular type of DEX that search across several DEXs on-chain to determine the best pricing or cheapest cost for said user's desired transaction. DEX users usually pay both network costs and trading fees. Network fees are the on-chain transaction gas costs. In contrast, trading fees are levied by the core protocol, its cash flow providers, currency holders, or a mix of these organizations, depending on the protocol's architecture. Order Book DEXs Electronic exchanges are built on the pillar of an order book, a live accumulation of open purchase and sale orders in a market. The internal exchange mechanisms can match sell and buy orders, thanks to order books. Thanks to scaling advancements like layer-2 networks with confident rollups and... --- ### What is NFT lending? > NFT lending uses NFTs as security for a loan on a website like NFTfi.com. Lenders typically use NFT-based loans to generate more profits. - Published: 2023-02-08 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-nft-lending/ - Categories: Crypto - Tags: NFT, NFT lending Introduction to NFT lending Put simply, non-fungible tokens (NFTs) are crypto asset chits that confer “ownership” of a piece of digital art or music on the buyer. NFT lending uses NFTs as security for a loan on a website like NFTfi. com. A lender or investor who wants to earn a return on their investment makes the loan available. Lenders typically use NFT-based loans to generate more profits than they would from conventional crypto-based and regular loans. NFT loans use digital currencies as collateral, just like crypto lending. However, with NFT loans, borrowers must lock their NFT assets to obtain loans. DeFi applications offer NFT loans, facilitated by smart contracts that decide the terms and rates. How NFT lending works in the crypto market NFT platforms allow NFT investors to set their conditions and prices for borrowing crypto. Based on the asset's worth, as a lender, you can obtain a loan for up to 50% of the NFT's value at interest rates ranging from 20 to 80%. Compared to conventional NFT loan platforms, lending procedures are easier to understand, more transparent, and quicker. There is no intermediary to check your identification and creditworthiness. NFT lending is essential for the NFT market NFTs tend to be less liquid than standard crypto tokens and coins. Therefore, you must advertise it on an NFT exchange and expect a buyer to show up rather than exchange it immediately on an exchange. DeFi (Decentralized Finance) is relevant in this situation. The newest methods for utilizing... --- ### Money market funds: Basics, types, and features > Money Market Fund is a type of mutual fund with relatively low risks compared to other mutual funds & other investments. - Published: 2023-02-08 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/mutual-funds/money-market-funds-basics-types-and-features/ - Categories: Mutual Funds - Tags: Money market funds What are money market funds? Money market funds are mutual funds that invest in securities that are safe, liquid, stable, low-risk, and low-return. Basically, these are investment opportunities ideal for short-term periods, where your money can bring you better returns than bank deposits for the same maturity period. How do money market funds work? Money market funds invest in short-term debt instruments like treasury bills, commercial papers, and certificates of deposit, ensuring low risk and volatility. The investments are pretty liquid, but naturally, the returns are lower. Investors can buy and sell shares/units of these funds. The Net Asset Value (NAV) of these shares/units, calculated daily, determines the price at which these units are sold/bought. Advantages and disadvantages of money market funds The advantages of money market funds are: 1. Liquidity: They can easily be converted into cash. 2. Safety: Funds invest their monies only in low-risk, short-term debt instruments, thereby minimizing the risk. 3. Yield: Money market funds give better returns than bank savings accounts and certificates of deposit. 4. Convenience: They can be bought with ease through brokerage firms and financial advisors. The disadvantages of money market funds are: 1. Low returns: The yield will be lower than other investments like bonds and shares. 2. Inflation risks: Over time, the returns may fall short compared to the inflation rate, reducing the purchasing power of the investor’s money. 3. Credit risk: Though these funds invest only in low-risk securities, there is the risk of the issuer failing to honor... --- ### What is Gwei, and how does it work? > The cryptocurrency Ether (ETH) of the Ethereum network has a unit called Gwei. Know more what it is and how is used. - Published: 2023-02-08 - Modified: 2023-10-23 - URL: https://coinswitch.co/switch/crypto/what-is-gwei-and-how-does-it-work/ - Categories: Crypto - Tags: ETH, ethereum, Gwei Wei, Gwei, Gas Gees. Three terms for you. Three Ethereum-specific terms for us to dismantle, so you can go “Shway Shway” like Bollywood wife Maheep Kapoor while you cruise into crypto land. Understanding Gwei When speaking of transaction costs on the Ethereum network, the word “Gwei” frequently pops up. Like Bitcoin, Ethereum is a blockchain platform. So users use it to buy, sell, and exchange goods and services without an intermediary. But, unlike Bitcoin, it also hosts smart contracts. The network’s token is Ether (ETH), and Gwei refers to a tiny quantity of ETH. What is Gwei, and how does it work? Gwei is a unit of Ether (ETH), the crypto used on the Ethereum network. The word is a mashup of the terms Giga and Wei. Just like paisa corresponds to the INR, Wei is the smallest number of the ETH. One ETH consists of a quintillion Wei (18 zeros).  You know how 100 paisa makes up 1 rupee, right? Well, one Gwei consists of 1,000,000,000 Wei. So, 1 billion of it is an ETH. Users commonly express the price of gas on the Ethereum network—that is, the transactional fees users pay miners/stakers—in Gwei. That makes it the most oft-used ETH unit. On the Ethereum blockchain, users contribute to the gas charges. Validators earn this sum as compensation for the computational power they lend for executing transactions. Understanding the role and function of Gwei in Ethereum transactions. When referring to the Ethereum network, you could shell out extra for... --- ### Crypto Trading: How to spot the next big thing > Investing is not an easy ball game and requires hard work. Read more about how to know which cryptocurrency will go up. - Published: 2023-02-08 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/crypto-trading-how-to-spot-the-next-big-thing/ - Categories: Crypto - Tags: crypto, crypto trading The crypto market has captured the imagination of investors, and this trend is expected to continue in the years to come. Thankfully, there are hundreds of crypto available in the market. If you're interested in crypto, you would want to get the most profits possible from your investment. At the same time, you would be interested to learn how to pick the ideal crypto. This blog post will discuss how to know which cryptocurrency will go up. The growing popularity of crypto trading Although crypto has long been a popular topic, interest in these digital assets has grown recently. Previously a niche market for speculators, alternative investments are now publicly acknowledged as a feasible choice for a percentage of every efficient portfolio, even in retirement plans. Certain rules of thumb will help you know which cryptocurrency will go up. Understanding the market The marketplaces for crypto are decentralized, which implies that no single entity, like a government, controls them. They move through a system of computers instead. Crypto may, however, be purchased, traded, and held in "wallets" and on exchanges. Types of cryptocurrencies Crypto comes in all shapes and sizes. We’ll discuss some of the most prominent categories. The term "altcoin" originated from the phrase "alternative coin" and refers to several crypto coins. Bitcoin is the world’s pioneering crypto. However, it's challenging to determine which crypto are the finest because of their scalability, anonymity, and use cases. Among the best choices are Bitcoin and some of the most prominent altcoins,... --- ### How to avoid DeFi scams and stay safe > As cryptocurrency scams run rampant in the DeFi space, read this blog to know how to avoid DeFi scams, fraud, and more. - Published: 2023-02-08 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/how-to-avoid-defi-scams-and-stay-safe/ - Categories: Crypto - Tags: DeFi, hacks, safety and security, scams Many crypto enthusiasts would claim that Decentralized Finance (DeFi) is the revolutionary next step in finance. However, there are significant drawbacks to DeFi inventions as well. The sector is rife with scams, fraud, hacks, and other risks. It could take some time for the industry to find a solution to these problems. So, if you’re thinking of venturing into the space, this article should help you stay safe. What is DeFi? DeFi, short for Decentralized Finance, is an emerging financial technology. Based on secure distributed ledgers similar to those used by cryptocurrencies, DeFi consists of stablecoins as well as software and hardware that enable the development of applications. DeFi applications challenge the centralized financial system. How? Well, by relying on digital exchanges based on peer-to-peer technology, DeFi users bypass the need for a centralized banking system. As exciting as it sounds, the realm is often hit by hacks and scams. So it’s important to know how to play it safe while using DeFi and how to spot a scam. Various ways hackers commit cryptocurrency fraud Many blockchain projects are open source. So anybody can access the code, and people with malicious intent will likely discover such flaws and use them to steal funds. Plus, the results can be extra disastrous if the developers who create the DeFi magic don’t do enough to protect their users The code can be examined and corrected through a third-party audit, but it’s a pricey affair. Many projects struggle to find finance, even for essential development.... --- ### Understanding crypto projects based on Ethereum > Ethereum hosts a wide range of crypto projects on its blockchain. In this article, we examine the different types of such projects. - Published: 2023-02-08 - Modified: 2023-12-26 - URL: https://coinswitch.co/switch/crypto/understanding-crypto-projects-based-on-ethereum/ - Categories: Crypto - Tags: crypto projects on ethereum, Ethereum blockchain In recent times, crypto projects have created quite a ripple in the market. Ethereum is the second largest crypto, after Bitcoin, in terms of market cap. It hosts initial coin offerings or ICOs, dApps, DeFi protocols, as well as NFTs. In this article, we examine the different types of crypto projects based on Ethereum so you know what kind might work for you. Introduction to crypto projects based on Ethereum Ethereum-based crypto projects are essentially blockchain projects built on the Ethereum network. Being blockchain projects, they manage their data in a decentralized manner—meaning without the involvement of a centralized authority or thirty parties. Ethereum and its projects are open source, so anyone can use them and they are developed collaboratively. Understanding the basics of Ethereum-based crypto projects Ethereum-based crypto projects use blockchain technology and they run on the Ethereum network. The blockchain hosts a variety of applications and projects that usually involve the exchange of crypto tokens. The tokens are used to purchase tangible products and goods. How Ethereum enables the development of decentralized applications (dApps) Decentralized applications, or dApps, are blockchain-based applications. The Ethereum Virtual Machine helps Ethereum improve its consumer experience and monetize through the creation of dApps. The dApps on Ethereum benefit from its vast developer community. The potential of Ethereum-based crypto projects to disrupt a variety of industries Like all blockchains, Ethereum could disrupt and have a positive impact on a variety of industries—from the medical industry to supply chain management. (You can read all about... --- ### Crypto portfolio management in a volatile market: Navigating the risks > Crypto portfolio management is essential for protecting your portfolio from volatility risks and increasing your returns. Read to learn more. - Published: 2023-02-07 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/crypto-portfolio-management-in-a-volatile-market-navigating-the-risks/ - Categories: Crypto - Tags: crypto, crypto portfolio Markets are inherently risky, and the crypto market is no exception. Cryptos witnessed extreme volatility in the years gone by. The volatility could stem from market manipulation, business failures, and hacking of investor accounts. Interestingly, volatility attracts investors who hope to profit from gyrating prices. Yet, dealing directly with cryptos might be difficult for many investors due to their complexity and lack of liquidity. This blog defines market volatility and explains how crypto portfolio management would help you navigate market risks. Understanding the volatility in the crypto market Volatility measures how much an asset's price has fluctuated upward or downward over time. Generally speaking, the riskier the asset, the more chance it has to deliver significant returns or greater losses over short periods compared to less volatile assets. What causes volatility in the crypto market? By design, crypto is erratic. This is because the marketplaces for crypto are speculative, and there is no formal regulatory framework for their trading. Therefore, compared to equities and bonds, crypto prices fluctuate more. However, the unpredictability may be beneficial or adverse to investors, depending on their perception. How to measure volatility in the crypto market? When investors try to quantify volatility, they frequently refer to historical volatility obtained from an analysis of prices over a given time frame. However, implied volatility is the term for the art of forecasting future movements, which is a less precise science because no one can accurately anticipate the future. You can measure volatility in two different ways: ●... --- ### Crypto trading mistakes to avoid: A comprehensive guide > Investing in crypto is easy, but it is important to learn from trading mistakes. Learn about the most common trading blunders here. - Published: 2023-02-07 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/crypto-trading-mistakes-to-avoid-a-comprehensive-guide/ - Categories: Crypto - Tags: crypto trading, trading mistakes Anyone can learn to invest in crypto. The trick is to invest at the right moment. However, learning to time your investments isn’t so easy. That said, it does help to learn from your crypto trading mistakes and be willing to adjust your investment approach. Here’s a rundown of some mistakes you could look out for and stay away from. Common crypto trading mistakes beginners tend to make Investing in cryptocurrencies can be thrilling. With all the excitement, many novice investors fall prey to a few typical crypto trading mistakes. You could quickly lose money due to subpar security procedures or a lack of understanding of crypto markets. Here are the basic mistakes that are best avoided. Failing to understand the market Many investors start trading crypto, only to discover that the market crashed the next day. This happens because they have failed to understand the market. But that doesn’t mean you need to sell off your crypto holdings out of fear. To stop yourself from doing that, you must clearly understand what you want to achieve from their holdings and what it takes to get there. It also helps to know the price history of your crypto. Because cryptos have a reputation for being unstable. A minor market decline does not mean all your money will be lost at once. And studying the market well will give you the confidence to hold on and hang in there. Not diversifying your portfolio Given the volatility of cryptos, investors and traders... --- ### PE ratio: Definition, formula, and calculation > PE Ratio helps you determine whether an investment is worth making. That is whether it is overvalued or undervalued. Read this to know more. - Published: 2023-02-07 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/us-stocks/pe-ratio-definition-formula-and-calculation/ - Categories: Indian Stocks, Personal Finance, US Stocks - Tags: PE ratio, profitable investing When investing in the stock market, numerous shares are available, each selling at a different rate. Many may seem promising investments, but is there an easy way to compare them? How do you decide which shares may make better investments? PE ratio is an easy-to-calculate metric that helps you identify the best investment options. Read this to learn more about it. What is a PE ratio? PE Ratio is short for Price to Earnings Ratio. With this ratio, you assess the value of the share price compared to its earnings per share (EPS). In other words, it is the market price of the share divided by the EPS. So if the shares of XYZ Ltd are selling in the market for ₹1,000, and the EPS is ₹100, the PE ratio for XYZ Ltd is 1,000/100. That is 10. All clear so far? Now, suppose there is another company, ABC Ltd, whose shares are selling for ₹1,000, but the EPS is ₹50. ABC Ltd’s PE ratio will be 1,000/50 =20. Though the market price of both these shares is the same (₹1,000), the PE ratios are different. Which do you suppose would be a better investment? XYZ Ltd, right? Because you will be receiving double the returns of ABC Ltd with it. That’s why the PE is lower. Drawing on this, it must be clear that the lower the PE, the better the investment. This ratio helps determine whether a company’s share is overvalued or undervalued. The PE ratio formula The... --- ### Crypto & blockchain: Understanding the basics of the digital revolution > Crypto and the underlying blockchain technology have ushered in a revolution of sorts, upending the world of finance. Read more to find out. - Published: 2023-02-07 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/crypto-blockchain-understanding-the-basics-of-the-digital-revolution/ - Categories: Crypto - Tags: blockchain, crypto Introduction to crypto and blockchain A cryptocurrency, also called crypto, is a digital asset that exists virtually and uses cryptography to secure transactions. Bitcoin, Ether, Litecoin, and Tether are examples. Crypto operates without the involvement of a trusted third party, such as central banks. Blockchain is the underlying technology that makes it possible. A blockchain is a decentralized, peer-to-peer database with stringent conditions for adding new blocks, a mechanism to maintain its integrity. Each digital asset has its public ledger or blockchain. What are cryptocurrencies, and how do they work? Cryptocurrency is digital money that is generated digitally and stored in a decentralized network. Crypto can serve as a medium of exchange and virtual accounting, thanks to encryption technology. You need a crypto wallet to buy or sell crypto. Understanding blockchain technology Blockchain technology is the underlying cryptographic process that enables the blockchain to function. Cryptos like Bitcoin rely on blockchain technology to function, just like e-mail relies on the internet. Two key characteristics of blockchains are their immutability and distributed nature. The importance of cryptocurrency and blockchain in the digital age Blockchain technology brings a fundamentally different approach to online transactions. The advent of blockchain and the pioneering crypto Bitcoin has upended the financial services space. In a blockchain, all transactions are documented from the maker to the customer. Types of crypto and blockchain applications We will discuss some instances of crypto and blockchain applications. Bitcoin and other major cryptocurrencies Besides serving as a medium of exchange in commercial... --- ### Should you begin an SIP with debt funds? > SIP is an investment that allows investors to invest a fixed amount at regular intervals in a Mutual Fund. To know more about it, read this. - Published: 2023-02-07 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/mutual-funds/should-you-begin-an-sip-with-debt-funds/ - Categories: Mutual Funds - Tags: debt funds, investing, mutual funds, SIP As an investor, at some point or other, you are likely to ask: “Should I begin a Systematic Investment Plan (SIP) with debt funds? ” Understandably so. After all, a lump sum investment does burn a hole in your pocket. We’ll tell you what we think, but first, let’s look at what makes debt funds an attractive option—SIP or otherwise—in the first place. Asset allocation and fixed-income assets All investors want to generate income from investments. But they must also make allocations in their portfolio to allow for margins of risk. You, as an investor, for instance, would probably like to ensure liquidity to take care of any emergencies. That’s why asset allocation is important. Asset allocation refers to the direction of resources to different categories of assets, such as stocks, bonds, cash, and precious metals. Some of these categories are more vulnerable to value fluctuation, so it is prudent to ensure that one part of the portfolio focuses on fixed income-generating assets. Investments in debt funds, like bonds, help generate a fixed income and protect you from volatility to some extent. That’s what makes them awesome SIP in debt funds can generate relatively good returns While people think of fixed deposits or mutual funds when it comes to SIPs, this mode of investing can also generate decent returns for debt funds. From 2010 to 2020, for instance, fixed income outperformed both equity and gold over fairly long periods. However, as with any investment initiative, you must exercise caution and... --- ### How to buy unlisted shares: A few tips and top picks for you > Unlisted shares in India offer massive growth opportunities, but they come with risk of lesser regulation. Here's everything you need to know. - Published: 2023-02-06 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/how-to-buy-unlisted-shares-a-few-tips-and-top-picks-for-you/ - Categories: Indian Stocks, Personal Finance - Tags: unlisted shares Simply put, unlisted shares are stocks of companies that are not listed on any stock exchange. Shares, as we know, are units of ownership that entitle the shareholder to a portion of the profits earned by the company and its assets. What are unlisted shares? Some public limited companies issue shares that are not tradable on a public stock exchange. As it is generally only a small group of investors privately holding these shares, only limited information will be available on these stocks. There is also limited liquidity that would hamper the buying and selling of these shares. The buyers and sellers will have to take steps to establish contact by themselves, through personal contacts, through online forums, or through brokerage firms that specialize in facilitating the purchase and sale of unlisted shares. Often, this could be time-consuming. Since regulations for listed shares do not govern these shares, some investors still prefer them despite the risks involved, such as reduced transparency and minimal safeguards. Top unlisted shares to buy in India Chennai Super Kings (CSK) The Indian Premier League is one of the most popular T20 cricket leagues in the cricketing world. The tournament has spawned many franchise cricket teams, of which CSK is one. The privately-owned team’s shares are not listed on stock exchanges and cannot be publicly traded. Chennai Super Kings Cricket Ltd. owns the team. Elofic Industries Elofic Industries is one of India’s largest original equipment manufacturing (OEM) companies. It began life as a small unit in... --- ### Best share market tips for beginners > Learn the best strategies and stock market tips for beginners to navigate the market and make informed investment decisions. Read more here. - Published: 2023-02-06 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/best-share-market-tips-for-beginners/ - Categories: Indian Stocks, Personal Finance - Tags: market investment tips, stock market Top 5 share market investment tips for beginners  Stock markets offer an attractive investment option for young investors looking to deploy their disposable income. If you invest your money wisely, you can increase your wealth, but if you make hasty choices, you might lose your money. Here are some stock market tips for beginners to help you plan your investments and ace your investment journey. Even with limited or no knowledge of the stock market's tips and tricks, a new investor can always look to invest. In some ways, investing resembles cricket. When you are new to the crease, you should be defensive. Being aggressive can cost you your wicket. We discuss some of these strategies in detail. Buy the right investment Theoretically, investing in a solid stock is easier said than done. It is a no-brainer to examine the past success of a firm, but it is far more challenging to anticipate a stock's future performance. Individual stock investment can be profitable only if you are ready to devote the time and effort necessary to study the firm’s business and prospects. Fundamentals such as earnings per share (EPS) and the price-to-earnings ratio (P/E ratio) are essential to assess a firm. But they are just the basics. It is equally important to assess the company's leadership, investigate its competitive advantages, and review its books. Avoid individual stocks All of us have heard anecdotes of investors making stratospheric gains from investing in specific stocks. However, caution should be your watchword. Remember... --- ### What is the difference between a bonus issue and a stock split? > Issuing bonus shares and stock split are two actions used by companies to increase the number of shares. Read this article to learn more. - Published: 2023-02-06 - Modified: 2024-07-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-the-difference-between-a-bonus-issue-and-a-stock-split/ - Categories: Indian Stocks, Personal Finance - Tags: bonus shares, indian stocks, stock split Before we understand the difference between a bonus issue and a stock split, it would be helpful to learn what shares are all about. When a limited company wants to raise capital, it issues shares to investors. The shares, which represent units of ownership, are traded on the stock exchanges. They also entitle the holder to a portion of the company’s profits and assets. What is a bonus share? When a company makes profits, it distributes a part of it to its shareholders as dividends. The company would reinvest some of the profits for growth purposes, which is recorded in its balance sheet as reserves. When these reserves swell, the company, with the approval of the general body, issues additional shares from these reserves to the existing shareholders in proportion to their shareholdings. The existing shareholders do not have to pay any amount to the company to acquire these shares. These are bonus shares. The paid-up capital of the company increases with the issue of the bonus shares. Advantages of bonus shares They increase the issued capital of the company. For investors, this makes for a more attractive option. Shareholders do not have to pay any tax for receiving these shares. It also brings them additional income. Since this adds to the number of shares in the market, the price per share decreases proportionally, making it more affordable. Disadvantages of bonus shares For the company, the issue of bonus shares is more expensive than declaring a dividend. There is no... --- ### Bitcoin in Indian rupee: How to invest and protect your investment from market volatility > Investing in Bitcoin in Indian rupee can be tricky as various factors are involved. Here's where you learn how to do it. - Published: 2023-02-06 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/investing-and-protecting-your-bitcoin-in-indian-rupee-investment/ - Categories: Crypto - Tags: bitcoin, conversion, Indian rupee Bitcoin plays a fundamental role in the decentralized economy. As more and more investors in India begin to recognize this, Bitcoin is gaining popularity. However, the RBI does not yet regulate crypto or the exchanges that sell them. So, it is important for traders to stay cautious and learn everything about converting BTC into the Indian rupee. Understanding the Bitcoin market in the Indian rupee If you’re thinking about making a crypto investment, you must understand the Indian market and how to convert Bitcoin into the Indian rupee here. And if you’ve already invested in BTC and want to either exchange or sell it, too, you must convert it into INR. The conversion process is the same as when you convert USD to INR; it primarily depends on demand and supply. Below we will try to explain all of this in detail. How the value of Bitcoin is determined in Indian rupee In India, the rupee may be exchanged for BTC in two ways. Exchange or broker The first option is to use an exchange or broker to make a BTC to INR trade. Exchanges or broker platforms like CoinSwitch work in the same way as your airport foreign exchanges. When you make a purchase, the digital asset is added to the exchange wallet until withdrawn. If you buy BTC with the help of a particular bank account, the exchange will deposit the equivalent INR sum into the same account when you withdraw the funds. Peer-to-Peer Platform Peer-to-peer platforms are... --- ### How to cancel a mutual fund SIP > Want to know How To Cancel SIP? Here, we discuss various methods that can be used to cancel a mutual fund SIP. - Published: 2023-02-06 - Modified: 2023-10-16 - URL: https://coinswitch.co/switch/mutual-funds/how-to-cancel-a-mutual-fund-sip/ - Categories: Mutual Funds - Tags: mutual funds, SIP Systematic investment plans in mutual funds are a time-tested mode of investing suited for building wealth over the long term. While there are immense benefits to mutual fund SIP, there could emerge scenarios where the investor has to discontinue the payment of these regular installments. The disruption could be temporary or permanent based on the individual situation. Let us discuss how to go about the process systematically. How to temporarily cancel/pause SIP There are different ways to do this: Some mutual fund companies have a provision where the investor can seek the suspension of regular payments for a short duration, say, for a few months. In that case, the bank needs to be informed, and the standing instructions are canceled. Bank charges will be applicable. The investor could provide Stop Payment instructions to the bank to suspend the remittance of the SIP installment. Banks usually charge for this service. The investor can deliberately keep the balance in the bank account short of the installment amount. However, this is a double whammy as it would also affect the investor’s credit rating besides incurring bank charges. Generally, when three consecutive installments of the SIP remain unpaid, the SIP is automatically canceled. How to cancel SIP offline The investor has the discretion to cancel the SIP at any time. The mutual fund would have invested the installments paid in revenue-generating instruments. The investor would also have a certificate detailing the number of shares/units held in that mutual fund. The investor can redeem this... --- ### Everything you need to know about gilt mutual funds > Gilt Funds are debt funds that invest primarily in government securities. They have no risk of non-payment of interest or principal amount. - Published: 2023-02-06 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/mutual-funds/everything-you-need-to-know-about-gilt-mutual-funds/ - Categories: Mutual Funds - Tags: debt funds, gilt mutual funds Equity investments, it is known, are subject to market risks. Direct investments in the stock market require a thorough knowledge of different industry sectors, companies, and instruments such as shares, debentures, and bonds. Mutual funds are a means to spread one’s risks as seasoned fund managers manage the investments professionally. In this blog, we will discuss gilt funds, a special category of funds. Mutual funds pool together monies from individuals and invest in different trading instruments such as stocks and bonds. Fund houses collect dividends/interest and capital gains from trades, deduct asset management fees and distribute the balance among investors. Mutual funds are of three types: Stock Funds, Debt Funds, and Index Funds. Debt funds are schemes that invest in debt instruments like debentures and bonds. Gilt mutual funds belong to this broad category though investments are mostly limited to government bonds. What are gilt mutual funds? Gilt funds are debt funds that invest primarily in government securities. A government bond is a gilt-edged asset—-implying that it is the gold standard— where the government assures the investor that the money is safe and will be repaid on maturity. Interestingly, gilt bonds trace their history back to the British Raj when the bond certificates had thin gold edges, hence the name “gilt. ” Please note that US government bonds are not called gilt bonds. Advantages of gilt funds There is no credit risk or risk of default in payment on the due date. Typically, these bonds have a longer maturity period... --- ### Crypto arbitrage: How to automate trading and maximize profit > Arbitrage trading in crypto is one where investors profit from minor price differences of a digital asset across markets or exchanges. - Published: 2023-02-04 - Modified: 2023-08-22 - URL: https://coinswitch.co/switch/crypto/crypto-arbitrage-how-to-automate-trading-and-maximize-profit/ - Categories: Crypto - Tags: arbitrage trading, crypto arbitrage The crypto market is known for its extreme volatility, which offers a range of opportunities for smart traders. There are different trading strategies, but most of them involve high risks. Crypto arbitrage trading stands out for providing low-risk returns to investors. Understanding the basics of crypto arbitrage Here is a primer on crypto arbitrage trading and what it entails. What is crypto arbitrage and how does it work? Arbitrage trading in crypto is a trading method where investors profit from minor price differences of a digital asset across different markets or exchanges. The process of purchasing a digital asset on a particular exchange and selling it almost simultaneously on another, where the price is higher, is known as crypto arbitrage trading. To capitalize on the discrepancy, a trader needs to know the price difference between two or more exchanges and execute a series of transactions. Assume, for instance, that the price of bitcoin is ₹36,50,000 on Platform A and ₹36,90,000 on Platform B. Crypto arbitrageurs who keep tabs on price changes would purchase bitcoin on A before selling it on B to profit on the ₹ 40,000 price difference. The different types of crypto arbitrage trading strategies Cross-exchange arbitrage: The simplest form of arbitrage trading is when a trader buys crypto on one exchange and sells it on another to earn profits. Spatial arbitrage: Trades take place in various geographic locations in this mode. The strategy helps traders to profit from the disparity between the supply and demand for bitcoin... --- ### What is Proof of Authority (PoA) in blockchain? > Proof-of-Authority (PoA) is a consensus mechanism used in blockchain networks to validate transactions and create new blocks. Read more here. - Published: 2023-02-03 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-proof-of-authority-poa-in-blockchain/ - Categories: Crypto - Tags: consensus, Proof of Authority (PoA) Proof of Authority (PoA) Proof of Authority (PoA) is a consensus algorithm used in blockchain networks where the nodes that validate transactions and create new blocks are pre-selected by trusted individuals or organizations. In other words, it's a consensus system that allows only authorized entities to validate transactions in a blockchain network. In contrast to Proof of Work (PoW) and Proof of Stake (PoS) algorithms, where computational power or the amount of crypto held determines validation, PoA uses identity as the validation mechanism. The approach seeks to provide a more efficient and scalable alternative for permissioned blockchain networks, where the identity of the nodes is known and trusted. How does Proof of Authority work? Proof of Authority (PoA) is a consensus mechanism used in permissioned blockchain networks. In a PoA network, a set of validators, or "authorities," are pre-selected, and their identities are known and verified. These validators are responsible for creating new blocks and validating transactions. When a new transaction is proposed, it is conveyed to all the validators. Each validator independently verifies the transaction to ensure that it is valid and complies with the network's rules. If most of the validators agree that the transaction is valid, it is included in a new block. The validator who creates the block is chosen through a consensus algorithm, such as a round-robin selection or weighted random selection. Once the block is created, it is broadcast to all network nodes. Each node independently verifies the block's integrity by ascertaining that it... --- ### What is an NFT bubble, and how does it affect the market? > What is an NFT bubble? And how does it impact the crypto market and the art world? Read our blog to know more. - Published: 2023-02-02 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/what-is-an-nft-bubble/ - Categories: Crypto - Tags: bubble economy, crypto, NFT bubble Non-Fungible Tokens (NFTs) are blockchain technology-based digital assets that let you own a product. They ensure that the token holder has exclusive access to the ownership rights of the product. NFTs arrived on the scene a few years ago and soon became part of mainstream culture. Retail investors, celebs, and the world's greatest brands were quick to jump on the NFT bandwagon. As a result, the value of these digital assets surged, with some even fetching millions of dollars. However, as demand and sales grew in 2021, the term “NFT bubble” became common parlance. Introduction: NFT bubble What’s an NFT bubble? Here’s where we burst... oops... break it down for you. Understanding the basics of an NFT bubble In finance, the term “bubble” refers to a sudden rise in market prices. Such spikes are usually driven by demand and fueled by speculation. In a bubble economy, the price of a commodity or asset may even exceed its inherent value. The internet-centric boom, known as the dot-com bubble, in the late 1990s is an example. An NFT bubble is just like this dot-com bubble. It refers to the hike in prices of NFTs followed by an eventual pop. Just like a bubble. How the NFT bubble forms in the crypto market When new traders enter the market, it is normal for bubbles to form. Prices go up due to hype because traders don’t fully understand the market they’re investing in. Why the NFT bubble is important for the crypto market A... --- ### The Lightning Network: What is it, and how does it work? > The Lightning network is a layer-2 chain. It runs on the Bitcoin blockchain and helps its users to process transactions off the main chain. - Published: 2023-02-02 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-lightning-network/ - Categories: Crypto - Tags: bitcoin, bitcoin lightning network While Bitcoin is immensely popular, everyday transactions remain a challenge. The Lightning Network changed that by enabling BTC microtransactions. Today, due to its popularity, it has even been able to help El Salvador make BTC a legal tender. (El Salvador uses a Lightning-compatible wallet to make seamless cross-border payments possible. ) Read on to learn more about it. What is Lightning Network? The Lightning Network is essentially a payment platform. It is a Bitcoin-based layer-2 platform. That means it operates on Bitcoin’s infrastructure. The network was created in response to scalability issues with the crypto giant Bitcoin. It makes transactions on Bitcoin faster without compromising on security or decentralization. It is also designed to lower the cost of transactions. The network uses smart contracts to help Bitcoin scale in this way. The smart contracts help the network establish off-chain payment channels between user pairs. Not all participants need to be directly paired up with each other. So, if participant A is paired with B, and B is paired with C, participants A and C can still transact. However, only the opening and closing channels are recorded on Bitcoin. That means the transaction has actually happened off-chain, and Bitcoin is free to process more transactions. History of Lightning Network The Lightning Network was inspired by Satoshi Nakamoto, the person/group who created Bitcoin. The idea to form the network was first proposed in a February 2015 white paper by academic Joseph Poon and developer Thaddeus Dryja. The paper outlined a solution to... --- ### Identifying trends through support and resistance levels > Support and resistance levels are foundational concepts in technical analysis. Our blog will help you understand and identify. - Published: 2023-02-02 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/identifying-support-and-resistance-levels/ - Categories: Crypto - Tags: market trends, resistance level, support level, technical analysis Establishing the support and resistance levels on any chart is a fundamental part of trading. Being able to identify them forms the basis of several more advanced trading strategies. It is also important to learn about them because they can help you make better and more accurate price predictions. And we’re here to help you do just that. What is support? Every asset responds to changes in demand and supply in the market. When there’s more supply and less demand, prices drop. The lower they go, the more attractive the asset becomes to buyers. At some point, the buying volume is large enough to overtake the selling pressure. That’s the point when prices stop falling and start trending upwards. In other words, at this point, the buyers are offering “support” to the price. The point at which the switch happens is called a support level—the level where prices stop falling and reverse. And support is the area on a price chart that shows buyers’ willingness to buy. What is resistance? Resistance is the exact opposite of support. Prices move up because there’s more buying than selling pressure. However, at one point, the price may go high enough for sellers to start making a profit. Or the buyers may decide they’ve hit their targets and don’t want to go any further. A third scenario may involve other buyers realizing that the coin is too overpriced and, therefore, not initiating new positions. Irrespective of which of these scenarios unfold, the trend reverses,... --- ### How to use chart patterns to make trading decisions? > The rise and fall of an asset’s price create distinct formations on price charts, called chart patterns for trading. Learn more here. - Published: 2023-02-01 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/how-to-use-chart-patterns-to-make-trading-decisions/ - Categories: Personal Finance - Tags: chart patterns, trading Market movements are often unpredictable, baffling even seasoned traders. Technical analysis attempts to bring some predictability to the movement of crypto, stocks, and bonds by creating and interpreting charts. There are chart patterns for trading that can help you identify and predict market trends. This blog explains how following these levels and charts could help you become a better trader. What is a chart pattern? Simply put, a chart pattern is a graphical representation of a series of trend lines and curves. They often form recognizable formations on the price chart of crypto or any other asset, indicating either a buy or sell opportunity. Chart patterns have interesting names such as ‘head and shoulders,’ ‘double tops,’ and ‘double bottoms. ’ Often, they are used in combination with other technical analysis tools like moving averages and relative strength indices (RSI) to help traders make entry or exit decisions. Types of chart patterns for trading There are different types of chart patterns that are commonly used in trading. Here are some of them. Head and shoulders The head and shoulders pattern is a reversal pattern—it indicates a change in price movement after an uptrend. It has a left shoulder, a head, and a right shoulder. Most often, it is a bearish signal. When the price makes a new high and retreats, it leads to a left shoulder. The head forms when the previous high is broken to form an even higher one and goes down. The right shoulder, subsequently, is formed when... --- ### SIP vs. Lump Sum: Which is the better way to invest in mutual funds? > A SIP lets you pump money into a mutual fund periodically. A lump sum investment involve bulk payment. Read on to learn which one is better. - Published: 2023-02-01 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/sip-vs-lump-sum-investing-in-mutual-funds/ - Categories: Personal Finance - Tags: lump sum investment, mutual funds, SIP Welcome to the world of investment in mutual funds. Mutual funds are certainly a step in the right direction as far as spreading out the risks goes. They help investors diversify their portfolios with different companies and instruments like shares, debentures, bonds, etc. But how do you go about investing in one? Should you look for a Systematic Investment Plan (SIP), or are lump sum investments the way to go? SIP vs. Lump sum investment: Defining the terms We look at these two options in detail here, but first things first, let’s clarify all the terms involved. What is SIP? This is a mode of investing offered by mutual fund companies. Here, the investor can invest a fixed sum of money in the fund via regular installments. These installments can be weekly, monthly, or yearly. What is a lump sum investment? As the name indicates, a lump sum investment is a one-time investment. The investor shells out the money in one chunk. The fund managers respond by allotting a fixed number of shares/units to them. Both ways of approaching mutual funds come with their advantages and disadvantages. So just weigh the options carefully and choose the one that is best suited to the investor in you. Comparing SIPs and lump sum investments As stated earlier, under the SIP, the investor provides a smaller amount of money at regular intervals, which certainly goes easy on the pocket. The investor is also protected against fluctuations in the stock market as his or... --- ### Setting appropriate position sizing > Position Size is a core concept in trading. Our guide will help you to develop a good understanding of the concept. - Published: 2023-02-01 - Modified: 2023-12-06 - URL: https://coinswitch.co/switch/personal-finance/setting-appropriate-position-sizes/ - Categories: Personal Finance - Tags: investing, portfolio management, position sizing When buying assets, quality matters. Buying the right projects and companies can take you a long way. But quantity matters too. Setting an appropriate position size can also play a huge role in securing your financial health. And this article focuses on just that—the “how much” part of investing. What is position sizing? In the term “position sizing,” “size” is the number of units of an asset you’re buying. So the term refers to selecting how much of the asset you buy due to the “position” you’re taking in the market. The position size you choose depends on your risk tolerance and how much of the asset you consider safe or appropriate to buy. Too much of one asset means you are overexposed to the risks involved. And too little means that you lose out on potential gains. The point is to have a balanced and well-diversified portfolio. And various position sizing techniques could help you build such a portfolio. In that sense, diversification is the end, and position sizing is how you get there. Reducing risk with an optimal position size Traders use position sizing to manage trading risks. Adjusting the size of a trade to the capital that you’re willing to lose lets you spread the remaining money across trades. That way, you get to take a shot at maximizing profitability. In other words, optimal position sizing helps reduce trading risks and ensures that your trades factor in your risk appetite. To determine the position size that is... --- ### A primer on advanced trading strategies > Trading strategies are the systematic evaluations of buying and selling actions in the securities market. Learn more here. - Published: 2023-01-31 - Modified: 2023-10-16 - URL: https://coinswitch.co/switch/personal-finance/a-primer-on-advanced-trading-strategies/ - Categories: Personal Finance - Tags: trading strategies Timing the market is often a fool’s errand, but that hasn’t deterred investors from trying. Seasoned traders often rely on their instincts, but instincts are not fool-proof. Advanced trading strategies might be the thing for you whether you’re a seasoned investor or just an amateur looking to take your skills to the next level. Let’s dive in. What is a trading strategy? A trading strategy is a systematic evaluation of buying and selling actions in the securities market. Trading strategies are often based on individual investment styles and can be modified to suit every individual’s risk appetite and position sizes. Trading strategies may also differ from asset to asset, depending on how big each market is, what taxation considerations are, and whether objective and accurate data about assets is readily available. Types of trading strategies Trading strategies vary from person to person. Here are some of the prominent ones, in no particular order News trading strategy A news trading strategy is based largely on news and market expectations, both before the news hits the market and after it has. As news can travel quickly, traders must be quick on their feet while trading—-knowing what to sell/buy and when. Although this might seem easy and lucrative, news trading involves a lot of skill. Traders usually use stop-loss and take-profit orders and follow proper risk management before employing this strategy. End-of-day trading strategy The method involves trading securities toward the end of the trading day. Obviously, this is not for crypto markets... --- ### What is futures trading in crypto, and how does it work? > Crypto futures trading involves trading contracts that obligate traders to buy or sell an asset at a certain price. Learn more here. - Published: 2023-01-31 - Modified: 2023-07-13 - URL: https://coinswitch.co/switch/crypto/what-is-futures-trading-in-crypto-and-how-does-it-work/ - Categories: Crypto - Tags: crypto futures trading A futures contract is an agreement between a buyer and a seller whereby both agree to deliver a specific asset at a predetermined price and date. Though a relatively nascent market, crypto futures trading is an exciting and potentially profitable way to trade crypto. This blog will give you the lowdown on futures trading in crypto. Let’s dig in. Basics of futures trading The usage of futures trading increased immensely with the growth of future contracts in commodities such as corn, coffee, and cotton. A future contract in commodities is an agreement between two parties to buy or sell a specific quantity of a commodity at a predetermined price, on a future date. The contract is traded on a commodity exchange like the Chicago Mercantile Exchange (CME) and provides a way for buyers and sellers to hedge against price changes. The delivery and payment are settled on the contract's expiration date. Crypto futures trading is a type of derivatives trading that involves trading contracts that obligate traders to buy or sell an asset at a certain price at a specific future date. The asset being traded is usually a crypto, such as Bitcoin, Ethereum, and Litecoin. The contracts are traded in lots, representing the quantity of the underlying asset that will be purchased or sold at a specific time. For instance, a trader buying a futures contract is betting that the price of the underlying asset will rise. Conversely, while selling a futures contract, traders wager that the underlying asset’s... --- ### What is cryptojacking? > Cryptojacking is a cyber attack in which a hacker takes over the processing power of a victim's computer or mobile device to mine crypto. - Published: 2023-01-31 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/what-is-cryptojacking/ - Categories: Crypto - Tags: cryptojacking A specter is haunting the crypto world, the specter of cryptojacking. Crypto and the underlying blockchain technology have upended the world of finance forever. Sadly, cybercriminals, too, have kept pace with technological advancements. Ransomware and stealing data are passe. Cryptojacking is the single biggest threat facing the crypto ecosystem today. Let’s dig in. Cryptojacking defined Cryptojacking is a type of cyber attack in which a hacker takes over the processing power of a victim's computer or mobile device to mine crypto. The hacker typically achieves this by injecting a malicious code, often in the form of a script or an app, into the victim's device. Once the code is executed, it makes use of the victim's computational resources, such as the CPU or GPU, to mine crypto. The mined coins are then sent to the hacker's wallet. The attack can happen through various means, such as infected websites, email attachments, and even through infected apps or software updates. How does cryptojacking work? Cryptojacking begins with the hacker installing malware on the user's computer or embedding a mining script. The installed malware hijacks the computer's processing power to solve complex mathematical equations. These equations are used to validate transactions on the blockchain and create new units of the crypto to be mined. The computer solves these equations and earns rewards. The mining process, both legit and through hacking, requires significant processing power, leading to reduced computer performance due to higher energy consumption. As the hacking scripts or malware takes over the... --- ### How to Choosing a Crypto Exchange > Choosing the best crypto exchange to trade and invest in digital assets doesn't have to be a hassle. Know everything about it with this blog. - Published: 2023-01-30 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/choosing-a-crypto-exchange/ - Categories: Crypto - Tags: crypto, exchange, trading platform No single crypto exchange can be perfect for everyone. It is important to evaluate your own interests and find an exchange that aligns with your goals. We hope this article will help you do just that. What is a crypto exchange? A crypto exchange is an online business that helps customers exchange crypto and other digital assets with alternatives like fiat currency. Customers can use fiat currency like the US dollar or the Indian rupee to buy crypto for investment or trading on these exchanges. Exchanges can also be used to convert one crypto to another—for example, Bitcoin to Litecoin. Read more about them here. Why are crypto exchanges important? If you invest in the stock market, you’re probably familiar with the concept of brokers—either online or offline. Crypto exchanges are similar to these brokers. They give you access to the tools you need to buy and sell cryptocurrencies. They also offer security features that help keep your transactions safe and storage options to keep your investments ready to hand. In a world where crypto is slowly gaining traction, exchanges have an important enabling role to play. In most cases, exchanges offer primary exposure to new adopters, allowing them to understand how coins interact in the market, track prices, and make their first investments. The more efficient exchanges are, the more people overcome entry barriers and begin their journey in crypto. How do crypto exchanges work? Exchanges are essentially businesses—technically, service providers. They are middlemen that facilitate the exchange of... --- ### A Union Budget dictionary: 35 terms to help you kickstart the financial year > A list of 35 key terms related to the Union Budget of India to help you make sense of the financial world in the new year. - Published: 2023-01-26 - Modified: 2024-01-08 - URL: https://coinswitch.co/switch/personal-finance/union-budget-dictionary/ - Categories: Personal Finance - Tags: financial year, india, Union Budget Some of the jargon thrown around as part of the Union Budget could sound like Greek and Latin to regular folks. But please don’t keep going “Iska matlab? ” like Hansa this budget season. And we hope to god you don’t end up getting your info from a bluff master like Praful Parekh. Because, hey, the Budget’s going to affect each and every one of us in ways both big and small. And it’s important to understand how. Hansa and Praful Parekh from the TV show “Khichdi. ” So here’s breaking some of the most oft-used terms and phrases during Budget season. Our list of carefully curated terms should help you catch up and get your investment journey up and kicking. A Appropriation Bill An Appropriation Bill is a proposed law that allows a government to use public funds. It is also known as a spending bill or a supply bill. In the Indian context, the law authorizes the government to use money from the Consolidated Fund of India. After the appropriation bill is passed, the government may use the money to cover expenses for that fiscal year. The Act is automatically repealed after it meets its statutory purpose. B Balanced Budget A balanced budget is one in which the revenues equal the expenditures. This means there is no deficit or surplus in the budget. After incurring and making a record of the whole year’s revenues and expenses, one may deem a budget balanced. Blue Sheet A Blue Sheet is... --- ### What is Proof of Work (PoW) in blockchain technology? > Proof of Work is the most widely used mechanism to verify transactions and add new blocks on a blockchain. Read more to learn all about it. - Published: 2023-01-24 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-proof-of-work/ - Categories: Crypto - Tags: bitcoin, crypto, Proof of work Cryptos have become mainstream among much of the new generation in modern India. Almost everyone with an internet connection knows what they are and how they are put to use. However, even some common crypto terms like Proof of Work (PoW) can leave lay readers stumped. This is our attempt to remedy that. What is Proof of Work (PoW)? Proof of Work (PoW) is perhaps the most widely used mechanism to verify transactions on a blockchain and add new blocks to the chain. It is essentially a type of algorithm that does all of this by setting the rules for the work of mining. PoW thus plays a fundamental role in how blockchains work. Under the PoW system, participants on a network must compete to earn the right to verify a block of transactions and add it to the blockchain. In the process, they create and earn new crypto tokens. The computational effort is required to do this “work” of mining new coins into existence. Hence the name “Proof of Work. ” The algorithm also adjusts the difficulty of this work to limit the rate at which new blocks can be generated by the network. And thanks to its design, PoW protects the integrity of the blockchain and prevents attacks by bad actors. Understanding blockchain consensus mechanisms Proof of Work is a type of consensus mechanism. Simply put, the consensus mechanism is a type of algorithm. It makes it possible for various actors on the network to agree on things... --- ### What are the different order types, and how to place them > Orders are the means by which traders interact with the crypto exchange. It makes sense to understand the different trading order types. - Published: 2023-01-23 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-are-the-different-order-types-and-how-to-place-them/ - Categories: Crypto - Tags: order types, trading orders Traditionally, capital markets referred to stock and bond markets. In recent years, crypto has gained traction among investors, underlining its importance as an emerging asset class. Under this broad umbrella, exchanges perform the vital function of providing a platform for buyers and sellers. Orders are the means by which traders interact with the crypto exchange. Different orders mean different things to the market and traders. Therefore, it makes sense to understand the different trading order types and how to use them to your advantage. Let’s dig in. What is a stock trade order? A stock trade order is a broad term used to describe the various types of instructions you can give to your exchange. These could be buy or sell orders, depending on what you’re in the market for. Traders might use one of these orders exclusively or use them in a combination of two or more to maximize returns. Types of stock trade orders There are various trading order types. Let us understand what they are. Instant order An instant order comes in handy when you have some money to invest in the market but are unsure how many coins you want to buy. An instant order works best when the exact number of coins you’re getting for your buck is not your immediate priority. SIP investors who focus on big-picture cost-averaging rather than volatile market movements prefer instant orders. Of course, instant orders can also be used to sell. For instance, you have some bitcoin you want... --- ### What is SushiSwap? > Sushiswap, a software on the Ethereum network, incentivizes users to operate its platform to buy and sell crypto. Read this to know more. - Published: 2023-01-19 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/what-is-sushiswap/ - Categories: Crypto - Tags: DEX, sushiswap, uniswap In light of recent events, investors seem to be opting for decentralized exchanges or DEXs instead of centralized exchanges for large crypto trades. But when it comes to choosing a DEX, the options are limited. In this article, we discuss one of the more well-known DEX platforms—SushiSwap. We examine how SushiSwap works and how it helps make crypto trades safer and the DeFi ecosystem stronger. What is SushiSwap? SushiSwap is a DEX platform built on Ethereum. Users of SushiSwap can exchange any Ethereum-based token for another in a peer-to-peer fashion—without involving any third party. The native token of SushiSwap is SUSHI. Token holders also get access to governance rights. Through governance rights, SUSHI holders can create and vote on SushiSwap Improvement Proposals (SIPs). The platform was launched in September 2020 by two open-source developers, who go by the names of Chef Nomi and 0xMaki. SushiSwap vs. Uniswap: How are they different? SushiSwap was launched as a fork of Uniswap with some key differences. Stakers were rewarded in SUSHI tokens, the protocol’s native and governance token, as opposed to Uniswap, which uses UNI. The SushiSwap platform also offers a liquidity mining feature to users, which we will discuss in length in the next section. Additionally, the fee structure between the two platforms is different. For instance, Uniswap has three fee levels—0. 05%, 0. 3%, and 1%. So the stablecoin pair will have the lowest fee, and a 0. 3% fee will apply to common pairs such as ETH/USDT or LINK/USDT. Newer... --- ### What is FUD in the context of crypto? > FUD is an acronym for Fear, Doubt and Uncertainty and is associated with negative events. Learn how to avoid FUD in crypto. - Published: 2023-01-05 - Modified: 2023-10-23 - URL: https://coinswitch.co/switch/crypto/what-is-fud-in-the-context-of-crypto/ - Categories: Crypto - Tags: crypto, FUD, volatility Think of the hustle and bustle of any average Indian vegetable market—customers haggling over prices, vendors shooing flies away, and people navigating their way through heaps of produce. The noise and chaos feel so normal in places like this, yes? Well, especially so in a marketplace where there are millions of participants transacting in multiple assets simultaneously. Throw fear of a crisis into the mix, and the sound levels and confusion only increase. Let’s talk about the Fear, Uncertainty, and Doubt (FUD) that users experience, especially in the crypto world. What causes FUD? FUD can be caused by various factors. Legitimate concerns about the market, negative news, sensationalist media coverage, and the actions of other market participants (especially whales) can all contribute to the creation of FUD. And in moments of crisis, when emotions are high, FUD can spread like wildfire. In the crypto market, FUD has much to do with market volatility, company insolvency, high electricity consumption, regulations, and hacks, among other things. There are some other factors that influence the effect of FUD. In the stock market, the chances of FUD are less. Because they are regulated markets and are open for a few hours on weekdays. The weekend allows the dust to settle for a bit. And it enables investors to approach things with a clear mind, so they can make better-informed decisions. But, in the crypto market, due to its unregulated nature, the risk of FUD is higher. In addition, because the markets stay open 24x7,... --- ### Digital currency vs. cryptocurrency: What’s the difference? > Have you ever wondered what the differences between digital currency and cryptocurrency are? Here's a quick guide for beginners. - Published: 2023-01-04 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/digital-currency-vs-cryptocurrency/ - Categories: Crypto - Tags: CBDC, cryptocurrency, digital currency There’s a lot of talk about cryptocurrency, digital currency, and so on in today’s day and age. But not many know that they’re not the same thing. While the way some of these digital assets and currencies work might sound similar, they’re very different and have rather different uses. What is digital currency? Digital currencies are one of the digital forms of money available today. Unlike physical currencies, which come in the form of cash and coins, digital currencies can’t be stuffed into a wallet or tossed in the air; they only exist online. Given their digital form, they can solely be accessed and transacted through a mobile device or a computer. Additionally, despite their various distinctive features from watermarks to optically variable ink physical currencies can be faked. Not so with digital currencies. Because of this feature of digital currencies, they tend to be rather popular. As a matter of fact, despite having more utilities than many physical notes, digital currencies tend to be afflicted by more volatility. So yes, they can be used to buy goods or services or put into your favorite investment vehicles, but their value varies with the market. Digital currencies are also more efficient, as is evident from their use. Transactions are instantaneous, definitive, and safe. They can also be used to make cross-border payments with ease. No more having to go through international banks or paying hefty fees. What is a Central Bank Digital Currency (CBDC)? CBDCs are a type of digital currency.... --- ### What is crypto arbitrage trading, and how to use it > Crypto Arbitrage is a strategy in which investors buy crypto from one exchange and sell it on another. Read this to know more about it. - Published: 2023-01-03 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-arbitrage-trading/ - Categories: Crypto - Tags: arbitrage, crypto, trading Everyone tells you to buy low and sell high. What they usually don’t tell you is how long you will have to wait after buying in. While HODLing is a relatively safe strategy, the wait gives room for suspense and the building up of anxiety. If the waiting game is not your cup of tea, crypto arbitrage could be what you are looking for. What is cryptocurrency arbitrage trading? Crypto arbitrage is a low-risk trading strategy where you buy crypto on one exchange and then quickly sell it on another for a higher price. The arbitrage approach uses the discrepancy in prices across exchanges to generate profit for the trader. So if BTC is selling for ₹15,00,000 on exchange A and for ₹15,02,500 on exchange B, you could use this trading method to walk away with a profit of ₹2,500. To employ this trading strategy, you do not need to necessarily have a separate wallet linked to both of these exchanges. There are some platforms like CoinSwitch Pro that let you buy crypto on one exchange and sell it on another for a profit with a single login. With the Pro version of our app, you could trade across other exchanges like WazirX and CoinDCX too. What causes prices to vary across exchanges? Crypto prices can vary between exchanges due to a variety of reasons. This is where you understand why it happens better. Here are some relevant factors to consider. The lack of standard pricing: The number of buyers... --- ### The future of blockchain in healthcare > Blockchains are shared, immutable ledgers that help a network record transactions. They have a bright future in the healthcare business. - Published: 2023-01-02 - Modified: 2023-01-02 - URL: https://coinswitch.co/switch/crypto/the-future-of-blockchain-in-healthcare/ - Categories: Crypto - Tags: blockchains, healthcare, medical industry Earlier this year, Yashoda, a Telangana-based chain of hospitals, decided to buy land on Decentraland. Yashoda may have been India’s first medical institution to set foot in the metaverse, but it was not alone in its interest in blockchain technology. The future of blockchains in healthcare looks bright, but are blockchains the future of healthcare? What factors determine the future of blockchain technology in healthcare? Blockchains help address one of the biggest concerns when it comes to healthcare data: safety. Records stored on centralized hospital servers—however secure they may be—can be compromised if the server gets hacked. Thanks to their decentralized nature and encryption, blockchains are a lot safer. The public nature of this record-storing option ensures that all users have visibility of access to the record. And in the meanwhile, your private key keeps your records private. To sum it up, healthcare data on blockchain offers the best security while enabling maximum confidentiality. You know where the data is and where it is going, but you can’t view any of the details of the data. And you can, of course, share access with anyone you trust if you wish to. This rare combination of security and confidentiality ensures that the future of blockchain in healthcare is rather promising. But that’s not all there is to it. What functions can blockchain technology perform in healthcare? Imagine going to a hospital for all your tests, procedures, and routine checkups. The records are with the hospital—on their servers—although you have a few... --- ### What does "Lambo" in crypto refer to? > When someone asks, "When lambo?," they basically want to know when their crypto/crypto assets will be valuable enough to buy a Lamborghini. - Published: 2022-12-30 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/what-does-lambo-in-crypto-refer-to/ - Categories: Crypto - Tags: crypto lambo, lambo crypto It is estimated that there are 19 crypto billionaires—those who made most of their fortune investing in digital assets. As for crypto millionaires, there are no official numbers, as there are so many. What do you think these incredibly wealthy people do with their money? Read on as we discuss a luxury car that became a trendsetter in the crypto world. Lambo in crypto speak Lambo, in crypto speak, means a Lamborghini, a luxury car which is a byword for wealth. When applied specifically to digital assets, the term refers to an exotic car people aspire to buy when they get stinking rich from their investments in cryptocurrencies. Lamborghinis are high-end luxury cars that cost upwards of ₹3 crore in India. Some crypto investors could capitalize on the movements of relatively solid coins such as Bitcoin or extremely volatile tokens such as Dogecoin or Shiba Inu to buy such cars. How Lambo works in crypto “When Lambo? ” was a phrase popular with crypto enthusiasts during the early days of Bitcoin. Over the years, the car has come to be associated with one’s success in the crypto market. Stories are legion of the sway these expensive beasts hold among crypto enthusiasts. One cryptocurrency exchange even rented out Lamborghinis just to park them outside a blockchain conference in New York City way back in 2018. The idea was to subtly indicate the presence of big-shot names in the meeting to outsiders. Discussions on Lamborghinis invariably lead to a spike in the... --- ### Is crypto safe? How to invest in crypto safely > Is crypto safe? Learn more about the risks, benefits, and the different ways to avoid losses while investing in cryptocurrency here. - Published: 2022-12-29 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/is-crypto-safe-how-to-invest-in-crypto-safely/ - Categories: Crypto - Tags: crypto investing, risks, safety With the recent collapse of FTX, a lot of people are probably thinking: Is crypto safe? Should I invest in crypto? Is there a way to stay safe despite investing in an asset as risky as this? Understandable concerns. But access to the right information can determine whether you’re safe or sorry to a large extent. That’s why, through this article, we hope to share everything we know about investing in crypto safely. What are the risks associated with crypto? Crypto is no cakewalk. Like all things in life, it comes with its share of risks. And you need to do the work of learning to navigate them. Some of the main risks are: Market risks Crypto prices move up and down very quickly. There are a few simple reasons for that. First, crypto is an emerging asset. Compared to the stock markets, which are valued at multiple trillion dollars around the world, crypto was barely above $1 trillion during the biggest bull run in history. This means relatively little capital is needed to move the prices of cryptos. Stock markets, on the other hand, are stable because of the insane amount of capital movement needed for price movements. Another reason for its volatility is that there is nothing physical backing crypto. Read more about it here. Not only do traders find it hard to make a profit due to the regular volatility, but they may also have to deal with market manipulation more frequently than with other assets. Regulation-related... --- ### What is a hardware wallet in crypto, and how does it work? > A hardware wallet is a software program to store the keys to access crypto tokens. Here’s all that you should know about it. - Published: 2022-12-28 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-a-hardware-wallet-in-crypto-and-how-does-it-work/ - Categories: Crypto - Tags: cold wallet, hardware wallet, storing crypto If you’re holding crypto, especially for a long time, at some point, you might begin to wonder: Am I storing my crypto right? Is there a better way to do it? You can, of course, store it on your exchange, but is there a wallet that can shield you from some of the risks associated with online storage options? If you find yourself thinking about this, let us stop you right there. Because one such alternative is already in the market—a hardware wallet. And you’ll find everything you need to know about it right here. What is a hardware wallet? A hardware wallet is essentially a physical device used in the storing of virtual digital assets like crypto. It is a type of cold wallet that is, a type of wallet that helps users to store crypto offline. Cold crypto wallets like this one come with several safety-related advantages compared to others—including the mobile and desktop variants. But hardware wallets don’t actually hold your crypto itself. Instead, they store and therefore secure your private keys the keys that give you access to your share of crypto that’s residing on the blockchain. In case you aren’t sure what a private key is, there’s a quick recap in the section below. Public and private keys: a basic explainer When you buy crypto on a blockchain, you will be given an address via two keys—a private key and a public key. To receive any additional crypto on this address, give the sender your... --- ### What are the factors that determine the rise and fall in crypto prices? > Learn about the factors that affect the rise and fall in crypto prices. Here are the factors that might impact the same. - Published: 2022-12-28 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/factors-that-determine-the-rise-and-fall-in-the-value-of-crypto/ - Categories: Crypto - Tags: bitcoin, crypto, crypto price The gyrations in the crypto market generally make investors anxious, making them wonder what drives these movements. What makes crypto prices go up and down? Let’s attempt to answer this question with concrete points, examples, and data-backed validations, which will also help you make informed trading and investment decisions. Why do crypto prices go up and down? Before we dig in, let us identify why any asset—crypto included—goes up and down. For starters, it all comes down to supply and demand. Prices shoot up if the demand for a specific crypto is high and there isn’t enough supply to meet the same. It’s simple economics. However, crypto is anything but simple. There are times when market sentiment acts as the price driver. But in most cases, the crypto market responds to how Bitcoin—the most dominant crypto—moves. So, before we move any further, let us first understand what determines the price of Bitcoin. How is Bitcoin’s value determined? Bitcoin was the first commercial crypto, almost unrivaled when it began life. Hence, its price movement is the gold standard for the crypto market. Here are some reasons for Bitcoin’s popularity: Bitcoin’s decentralized nature insulates it somewhat from standard monetary policies and global inflation rates. A fixed supply of 21 million BTCs. The associated cost of mining makes BTC akin to a commodity and not a security. Massive global following. BTC’s stature as the first commercial crypto and the specific traits mentioned above determine its value. As of 4 December 2022, it enjoys... --- ### Future gazing with Messari: What 2023 holds for crypto > Here we summarize the highlights of future-gazing analysis from Messari—Crypto Theses-2023—that will throw some light on the coming year. - Published: 2022-12-23 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/messari-crypto-theses-2023/ - Categories: Crypto - Tags: crypto roundup, report Crypto naysayers were proved right in 2022. Or so it appeared as financial assets of all shades, including cryptos, witnessed a massive drop in prices. Only commodity exporters managed to keep their heads above water in a year that is thankfully drawing to a close. The annus horribilis unfolded with Putin ordering his troops to march into Ukraine in February. The dramatic crash of Terra Network shook up the crypto sphere, followed by the collapse of DeFi giants and the FTX fiasco in November that dealt a body blow. Macroeconomics didn’t help either, as Fed rate hikes sucked out liquidity from the system, impacting riskier asset classes such as stocks and crypto. Yes, the winter is on, and the crypto market is yet to fend off these massive blows. Yet, the greater the project is decentralized, the stronger it emerges. For example, The Merge of the Ethereum Network, the growth of the Polygon Network, and the growth of Cardano stood out. And, yes, how can we miss the NFT boom? This was 2022 for you if you are a discerning crypto enthusiast. Now, what’s in store for the crypto market in 2023? Well, you should expect nothing and continue to back the fundamentally strong crypto projects that solve real-world problems. Rewards would follow. Here we summarize the highlights of Messari’s future-gazing analysis—Crypto Theses-2023—that will throw some light on the coming year. Messari’s Crypto Theses-2023 Bitcoin an ESG asset Although Bitcoin has dropped by over 75% from its peak, talks still... --- ### What factors determine the price of Bitcoin? > Several factors, including supply and demand, determine the price of Bitcoin. Market volatility is a factor, too. - Published: 2022-12-23 - Modified: 2023-09-18 - URL: https://coinswitch.co/switch/crypto/factors-that-determine-bitcoin-prices/ - Categories: Crypto - Tags: bitcoin, crypto, price Is Bitcoin’s price fluctuation driving you nuts? Don’t understand what on earth determines prices and are therefore scared to invest? Either way, you’ve come to the right place. Here’s where we do all the breaking down for you, so you don’t have to. By the end of this article, you will not only understand the factors that give Bitcoin value and what makes it go up and down, but you’ll also be able to explain them to me like I’m five. Below are some of the major factors that determine why Bitcoin’s price rises and falls at various points in time. 1. The blockchain protocol The value of a cryptocurrency like Bitcoin is determined very differently from the equity market. A company’s financial strength, for instance, determines the performance of equity stocks in the market. But how a crypto fares depends to a large extent on the underlying blockchain protocol. Blockchain protocols are a set of rules that govern data sharing between different computer systems. They define how users send and receive information on the network. Every crypto project has its own blockchain protocol, and each protocol has its own consensus mechanism, which makes it unique. You can learn more about them by clicking here. The stronger a blockchain protocol is, the more resilient its value is in the market. The strength of any protocol is determined by its level of decentralization, the number of dApps deployed on the platform, developer activity on the platform, and so on. Bitcoin, the... --- ### Blockchain gaming: The role of blockchain technology in the gaming industry > What role does blockchain technology play in gaming? To know how blockchains are revolutionizing the gaming industry, read this blog. - Published: 2022-12-22 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/blockchain-technology-in-the-gaming-industry/ - Categories: Crypto - Tags: blockchain gaming, crypto, P2E Blockchain gaming opens up the portal to a world where online games are more “rewarding” than ever before. Because this spin on traditional games offers you a lot more than just fun. It brings you the opportunity to make money out of a hobby. That’s why it’s known as play-to-earn gaming. What does blockchain gaming mean? Blockchain gaming refers to games that allow players to earn in crypto as they own and trade different virtual elements in the game. It works by combining video gaming, blockchain technology, and decentralized finance (DeFi). In these games, Non-Fungible Tokens (NFTs) represent every element of the game. Players can buy, sell, or trade these NFTs with others like them. They can also create avatar NFTs for use while playing the game. Owning in-game assets gives players greater control within the game. Some popular platforms of this kind are Axie Infinity, Decentraland, Gala Games, and Alien Worlds. The concept of blockchain gaming vs. traditional gaming To fully appreciate the concept of blockchain gaming, you need to know how the traditional video game industry works. Traditionally, the video game industry follows the pay-to-win model. That means players have to buy in-game assets or different virtual elements that unlock the gameplay. The in-game purchases become useless once the game is finished. They cannot be transferred or sold afterward. The bottom line is that gamers have to spend money to enjoy a superior gaming experience. Blockchain gaming changes this. It incentivizes gamers for the effort and time spent... --- ### What is ShibaSwap? > Shibaswap is the decentralized exchange (DEX) of the Shiba Inu ecosystem. This article details the important features of ShibaSwap. - Published: 2022-12-21 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/what-is-shibaswap/ - Categories: Crypto - Tags: SHIB, ShibaSwap Dog-themed cryptos dominate the meme coins category of digital currencies. Some of these have even outperformed the top cryptos that have been around for much longer. Meme coins such as Dogecoin and Shiba Inu captured the imagination of crypto investors in 2021, spurring the birth of newer DEX ecosystems such as ShibaSwap. Shiba Inu (SHIB), the self-proclaimed “Dogekiller,” rallied a whopping 49,000,000% in 2021, minting many a crypto millionaire. The SHIB community is one of the most dedicated and robust communities in crypto. Interestingly, the Shiba Inu community is building one of the most interesting Shiba Inu protocols, its decentralized exchange called ShibaSwap. For context, a decentralized exchange allows users to swap tokens eliminating the need for an intermediary or counterparty. ShibaSwap explained ShibaSwap is the decentralized exchange (DEX) of the Shiba Inu ecosystem. Launched at the peak of Shiba Inu's bull run in July 2021, ShibaSwap, a DEX, allows users to trade tokens on a peer-to-peer network. DEX is a peer-to-peer marketplace where transactions occur directly between crypto traders without an intermediary or custodian. Smart contracts facilitate transactions. Other popular DEXs in the crypto space include Uniswap and Sushiswap, which run on the Ethereum blockchain. Being a DEX, ShibaSwap offers a more private and secure environment to crypto traders than centralized exchanges (CEXs). With ShibaSwap DEX, crypto traders can swap tokens directly without a third-party protocol to approve the transaction. Like many other decentralized exchanges, ShibaSwap is built on the Ethereum blockchain, and users can trade ERC-20 tokens. For... --- ### How long does it take to mine one bitcoin? > How long does it take to mine 1 BTC? How much bitcoin can you mine in a day? Read this for answers to these questions about Bitcoin Mining. - Published: 2022-12-20 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-long-does-it-take-to-mine-one-bitcoin/ - Categories: Crypto - Tags: 1 BTC, bitcoin mining The shortest answer to the question "how long does it take to mine one bitcoin? " is: It depends. But you’re probably not here for the short answer, are you? So let’s break it down for you. What is Bitcoin mining? Before getting into how long it takes to mine a single bitcoin, it is important to be clear about how mining works in the first place. Bitcoin mining is the process of bringing new coins into circulation while also getting transactions verified. The term "mining" is a metaphor of sorts. You know how the work that miners do leads to the discovery of a metal mine, right? Well, miners do the work of lending their computational power to the network and competing with other miners to verify blocks of transactions. The miner who verifies/mines a block successfully earns a crypto reward. Mining is basically this process of creating and earning tokens while helping the network verify transactions. Miners who successfully verify transactions on the Bitcoin blockchain get to earn rewards for every block they mine. The current block fee for miners is 6. 25 BTC (worth ₹85 lakh as of 26 November 2022). One block is mined approximately every 10 minutes. So is it possible to earn ₹85 lakh every 10 minutes through Bitcoin mining? In all probability, no. Why? Because you are likely to run into some hurdles. Consider the following facts to understand what they are: Miners use ASICs—sophisticated chips that are specially designed to guess hashes—not... --- ### How to avoid losses in the crypto market? > The crypto market is challenging since it is very volatile. Here's how to avoid getting caught on the wrong foot in a falling market. - Published: 2022-12-19 - Modified: 2022-12-19 - URL: https://coinswitch.co/switch/crypto/how-to-avoid-losses-in-the-crypto-market/ - Categories: Crypto - Tags: crypto market, losses Financial markets, as we all know, are inherently risky. Cryptos are risky assets. Therefore, it follows that losses in the crypto market are unavoidable. The challenge is to find ways to lessen the pain by simply following some investing tips that have stood the test of time. Understanding how the market works is an essential factor that determines the performance of your investments, notwithstanding the quality of your assets. Let’s take a deep dive. Reducing losses in crypto There are lots of ways to lose money in crypto. To paraphrase a famous saying, you lose money when you buy, not sell. It is important to know when to enter a market to make profits. If you buy large quantities at the top, there’s a good chance you’ll have to wait for a couple of years to beat your averages. However, if you time your investments right and buy at the bottom, any upward movement would turn your portfolio green. Making the right investments in a bear market is easier said than done. As investors, our goal should be to exit dangerous positions on time and identify good entry points. How do we systematically go about the process while keeping a day job? Tips to avoid losses in the crypto market Understand funding and backing Most failures in the crypto space are due to inadequate liquidity and collateral. Well-funded companies and institutions mean enough dough is in the pot to handle mass liquidations. The network doesn’t matter as much as the... --- ### Blockchain vs. Crypto > Curious to know whether Bitcoin and blockchains are the same? Here's the answer to your question. Read this blog to learn all about it. - Published: 2022-12-16 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/blockchain-vs-crypto/ - Categories: Crypto - Tags: blockchain, Blockchain vs crypto, crypto While everyone has heard about crypto, many don’t fully understand how it works or what the underlying blockchain technology is all about. If you are one of those that don’t quite follow, we don’t blame you. Because the concept is complicated and the terrain intimidating. But not to worry, because we are in the business of making things simple. What is a blockchain? Blockchains are distributed ledgers used by a network of computers. By “distributed,” we mean public to all participants of the network. So anyone on the network can add to or view it. In other words, blockchains store a record of all transactional data. The data is secured through cryptography. Network participants compete with each other—in one way or the other—and the winner gets to verify a block of data. Post verification, the blocks are connected to all previous transactions through a chain-like structure. This chain of blocks containing transactional information is the blockchain. Because of their chain-like form, which ensures that each change is captured, blockchains are very difficult to tamper with. These blockchains, therefore, make security, transparency, and decentralization possible. What is cryptocurrency? A cryptocurrency is a virtual digital asset. Units of cryptocurrency are called coins or tokens. Cryptocurrencies can be traded or held in wallets. They are usually associated with specific projects. So MANA, for instance, is associated with the decentralized gaming metaverse project Decentraland. Some popular cryptocurrencies available in the market are Bitcoin (BTC), Ethereum (ETH, Polygon (MATIC), and Tether (USDT). Bitcoin is the... --- ### What is the economic impact of crypto? > Want to know about the economic impact of crypto? How does it spur financial growth and inclusion and protect against inflation? - Published: 2022-12-15 - Modified: 2022-12-15 - URL: https://coinswitch.co/switch/crypto/what-is-the-economic-impact-of-crypto/ - Categories: Crypto - Tags: crypto, economy, inflation Crypto is bigger than we think. It isn’t just a financial or technological revolution. It represents a social and cultural change too. But more importantly, crypto has the power to stimulate the economy immensely. What is the economic impact of crypto? There are several ways in which crypto can stimulate and affect the economy. Let’s get into them one by one. Global development The developmental impact crypto can have is tremendous. And it cuts across sectors and national boundaries without discrimination. The remittance sector, for instance, is ripe for disruption by the blockchain. It’s expensive to send money across borders, and it involves lots of intermediaries. On average, consumers have to pay a 6% charge to send remittances to another country. That would amount to a ₹60 fee for every transaction worth ₹1,000. Cryptocurrencies like Ripple charge an average flat rate of $0. 0002 (that’s less than 1 paise per transaction instead). So using crypto could help save money which can then be redirected toward food, education, and other essentials instead. Accessibility and inclusion in the economy Crypto allows technology to become accessible to demographics that cannot use traditional banking systems. Data shows that more than 23% of the world’s population doesn’t have a bank account. Since they operate without third parties, coins like Ripple and Bitcoin allow individuals and companies to get paid with or without banks. By allowing these neglected sections of society to interact with the economic system in this way, crypto spurs financial inclusion globally. Hedge... --- ### How to build a well-balanced crypto portfolio > Here we have listed different ways to build the best crypto portfolio for long-term investing. We will explore a general investment approach. - Published: 2022-12-14 - Modified: 2022-12-20 - URL: https://coinswitch.co/switch/crypto/how-to-build-a-well-balanced-crypto-portfolio/ - Categories: Crypto - Tags: crypto, long-term investing Crypto investing has become popular in the last few years thanks to the potential for high rewards. More than 115 million people invest in crypto in India alone, according to an estimate. Given investor fascination with this relatively new asset class, it would be pertinent to understand how to select the best crypto for long-term investing and build a balanced portfolio that suits your individual preferences. What is a crypto portfolio? A crypto portfolio is a collection or inventory of your crypto assets. These portfolios can be hosted professionally on management software or tracked informally. In order to create a crypto portfolio that works for you, you need to figure out your investment goals first. Investor profile does matter when it comes to deciding the mode of investing. For instance, a young investor with medium capital will have different goals than a seasoned investor with money to burn. Identifying your preferences, risk profile, and expected returns is important. How many cryptos should you hold in your portfolio? Conventional investments can drive even seasoned investors crazy, given the plethora of options. The cryptosphere is even crazier given the sheer number of coins—around 19,000 or thereabouts. Each has different goals, strategies, finances, and prices. Investing in all of them is practically impossible and clearly unwise. A practical strategy would be to find coins and tokens that fit your profile and goals. You would be better off investing in smaller tokens if you can take more risk for higher returns. Likewise, if crypto... --- ### Bitcoin vs. Ethereum: How do they differ? > Bitcoin and Ethereum and both cryptos, but they couldn't be more different. We have answers to all your questions related to their difference. - Published: 2022-12-14 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/bitcoin-vs-ethereum-how-do-they-differ/ - Categories: Crypto - Tags: bitcoin, ethereum Bitcoin and Ethereum are the biggest names in the crypto space, justifiably so. The top two cryptos by market cap have consistently retained the distinction for years now. Yet, looked at another way, both the coins couldn’t be more different. Read on to find out more about Bitcoin vs. Ethereum. Basic facts about Bitcoin and Ethereum To understand the difference between these two dominant players in the blockchain space, it is important to know some basic facts. Bitcoin Bitcoin was created in 2009 as a digital coin that functioned without a central authority. Satoshi Nakamoto, who is credited with the idea, presented the Bitcoin white paper detailing how it was to operate digitally without having a physical existence. However, contrary to popular belief, Bitcoin was not the first online coin of this type. Rather, it was the most successful. The blockchain-based technology soon soared in popularity, and many other digital currencies have popped up in the market since. Governments and institutions have warmed up to the idea of decentralized currencies, which have entered mainstream finance. Ethereum Ethereum was launched in 2015, six years after Bitcoin came into existence. Today, it is a well-established, robust, and the largest open-ended decentralized software platform. Ethereum allows developers to use its platform to deploy smart contracts—computer programs that are self-sustaining and self-executing. Ethereum boasts minimal downtime, low fraud rates, and absolutely no interference from a third party. The Ethereum token (ETH) can be used to transfer value between peers, just like Bitcoin. However, that... --- ### Which are the top 5 most sustainable cryptos? > Refer to this blog to learn more about the top energy-efficient cryptos that are making huge strides in the crypto market. - Published: 2022-12-14 - Modified: 2023-10-25 - URL: https://coinswitch.co/switch/crypto/which-are-the-top-5-most-sustainable-cryptos/ - Categories: Crypto - Tags: crypto, low energy crypto, sustainable crypto Environmental, social, and governance (ESG) investing is all the rage in the corporate world despite concerns about its implementation. The crypto industry is relatively nascent. It joined the ESG bandwagon a bit later than other industries on account of its energy-intensive processes, aka mining. Truth be told, many existing crypto projects are working on building a sustainable future and transforming the world of finance by cutting the flab. In this blog, we will discuss the five most sustainable crypto assets. But before we list out the energy-efficient cryptos, we will touch upon Bitcoin, the pioneering crypto that is known as much for ushering in a revolution in finance as for its high-energy use. Bitcoin - Redefining the world of wealth transfer Bitcoin redefined the world of wealth transactions by introducing the concept of peer-to-peer transfer. By eliminating third-party intermediaries, the pioneering crypto made the process more efficient and faster vis-a-vis banks and financial institutions. Conversely, banks take 2-5 days to credit the funds to the beneficiary bank account in cross-border transactions and charge close to 3-5% of the transaction value as fees. The Bitcoin network helps one transfer bitcoins to another in 10 minutes for less transaction fee. The transaction fee is the network fee for processing the transaction that incentivizes the nodes. The network fee remains the same irrespective of the value of wealth transferred because every transaction consumes the same amount of energy to process. Though total energy consumption by the Bitcoin Network raised concerns, it remains the... --- ### What to do during a crypto crash > Crashes are part of any asset cycle, but cryptos are more volatile than most asset classes. What steps should we take during a crypto crash? - Published: 2022-12-09 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/what-to-do-during-a-crypto-crash/ - Categories: Crypto - Tags: crypto crash Most stock market crashes are abrupt shocks, and crypto crashes are no different. As an eminently forgettable year for the crypto sphere winds down, it would make sense to discuss possible crypto crash scenarios and devise an appropriate market strategy. What’s a crypto crash? You probably know what it is. Technically speaking, a crypto crash is a drop of more than 10% in the price of an asset in a 24-hour period. The time frame is as important as the percentage fall—a 10% dip over a few weeks is a correction, not a crash. Crashes usually follow big news that impacts the market directly, such as the FTX collapse. Though 10% is the threshold, BTC prices have lost half their value in the past. A chronicle of past crypto crashes BTC feels the heat from the Bitfloor shutdown The US Financial Crimes Enforcement Network (FinCEN) shut down the operations of prominent crypto exchange Bitfloor in 2013, leading to a crash in the price of BTC. The coin, which was trading at $260, nosedived over 70% to a meager $70. It took the crypto market more than six months to rebound to the previous level. Black Thursday The second most notable crash followed the WHO declaring Covid-19 as a global pandemic on 11 March 2020. BTC fell 50% following the announcement, losing more than $3,200 per BTC in a single day. However, a crash of that magnitude didn’t come as a surprise as Asia, the hotspot of crypto investments also turned... --- ### What are the top applications of blockchain in the real world? > Blockchain applications go beyond crypto and bitcoin. Read this blog to learn the real-world uses of blockchain. - Published: 2022-12-08 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/crypto/top-applications-of-blockchain-in-the-real-world/ - Categories: Crypto - Tags: blockchain, Blockchain use Simply put, blockchain is the technology behind Bitcoin. However, the technology has come a long way since its introduction as the distributed ledger behind Bitcoin transactions. Blockchain applications go beyond cash and currency. In other words, blockchain is a chain-like database that's made up of "blocks" of data stored on a network of thousands of computers hence the name blockchain. It would be fascinating to trace the evolution of this revolutionary technology poised to change the world as we know it. Let’s dig in. History of Blockchain Blockchain technology, as we all know, became popular with the launch of Bitcoin, the world's first cryptocurrency. The technology was the brainchild of Bitcoin creator Satoshi Nakamoto. However, many of the technologies on which the blockchain is based have a richer history than Bitcoin, which appeared in 2009. Scientists Stuart Haber and W. Scott Stornetta originally conceptualized the blockchain in 1991. They developed a cryptographically secured blockchain system to store time-stamped documents. However, the groundwork for blockchain was laid in 1992 when they upgraded their system and incorporated Merkle trees. The scientists improvised their technology by enabling the collection of more documents on a single block. Merkle tree, also known as a hash tree, is a data structure used for data verification and synchronization. Blockchain applications in banking, healthcare, and beyond Blockchains are best known for their role in the creation and functionality of cryptos. However, contrary to popular perception, blockchain’s utility goes beyond the crypto sphere. We will discuss some of the... --- ### Most searched cryptos of 2022 > Here's a list of 2022's top cryptos to buy or invest in and those that have proven to be the most promising and the best. - Published: 2022-12-07 - Modified: 2024-01-24 - URL: https://coinswitch.co/switch/crypto/most-searched-crypto-of-2022/ - Categories: Crypto - Tags: best crypto, crypto trends, most searched crypto For the last few months in 2022, most cryptos haven’t shown much appreciation in terms of price or volume. But the popularity of cryptos has continued to grow. One way to assess the popularity of any crypto is to look at its search volume. As we draw to the end of another year, our list of the world’s most searched cryptocurrencies of 2022 should help you plan your short-term trades better. Coin selections have been made based on a combination of factors, such as keyword search trends, recent and major developments in projects, and market cap rankings. Most searched crypto of 2022 The most searched crypto of 2022 is... *drumroll*... Bitcoin! No surprises there since it is also the biggest project in the space and is often seen as synonymous with crypto. After all, it was the first project to gain popularity more than a decade ago. Although the coin has lost more than 70% of its value from the last all-time high, development is still underway. Last year, for instance, Bitcoin underwent an upgrade called Taproot. It enabled partial support for smart contracts on the network—something everyone was waiting for. Before Taproot, while Bitcoin could work smart contracts, they weren’t very efficient. Ethereum was the biggest chain that supported smart contracts. With Taproot, the Bitcoin network’s privacy and efficiency were improved on a large scale. Bitcoin striving to keep up to date seems to be paying off if one goes by search statistics. Google Trends data showing search volumes... --- ### The rising popularity of blockchain art > The total value of blockchain art recently reached a new high. Read our analysis about the rising trend and get the latest news about it. - Published: 2022-12-06 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/rising-popularity-of-blockchain-art/ - Categories: Crypto - Tags: crypto, Crypto art, NFTs They say that art knows no boundaries. And blockchain art proves it. Not only does blockchain art expand the geographical reach of an artwork, but it also goes beyond the realm of digital art. Blockchain art and digital art do share some similarities, but one of the main things to separate them is the reliance on a distributed public ledger in the former. What does the rise of blockchain art mean for artists, art connoisseurs, collectors, and the future of art? You’ll find all the answers right here, but let’s start with the basics. What is blockchain art? Blockchain art, as the name suggests, refers to artwork that is stored on the blockchain in the form of Non-Fungible Tokens (NFTs). The non-fungible (meaning inimitable) nature of these tokens means that there is no other identical token in the world. This type of blockchain-based art is also sometimes called crypto art. Users need to mint such NFTs to view, hear, or experience the artwork. Buyers and sellers on the blockchain can trade the art using crypto. The buyer acquires exclusive access to a piece, but the copyright and reproduction rights remain with the artist. Unlike regular digital art, the blockchain-based counterpart cannot be duplicated, so the rights of creators are better protected. Anything from music albums and paintings to awards and memorabilia can be rendered immutable via blockchains. Just like traditional art, the value of such items is linked to three factors: Who the creator is, How rare the art is,... --- ### Importance of NFTS and Blockchain in Metaverse? > NFTs have revolutionized the world of art. To know more about the importance of NFTs and the blockchain in the metaverse, read on. - Published: 2022-12-02 - Modified: 2023-09-18 - URL: https://coinswitch.co/switch/crypto/how-important-are-nfts-and-blockchain-in-the-metaverse/ - Categories: Crypto - Tags: metaverse, NFTs The metaverse, as The Economist would put it, is the limitless successor to the internet. Yet, within the scope of that loose definition, it could be anything: a virtual, three-dimensional world; a multiplayer online game; or a confluence of VR, AR, and MR. This blog post will discuss the connection between the metaverse, the blockchain, and the NFTs. It is fascinating to learn how these nascent yet powerful technologies work together and change how we look at things. If you have been following this space, you would know about the Decentraland—a metaverse blockchain. In simple words, Decentraland is a decentralized ecosystem—created more like a virtual world with blockchain as the underlying technology. This metaverse blockchain has NFTs in it—exclusive digital collectibles that allow users to do certain things in the ecosystem. Mind you, this is just one way the metaverse, blockchain, and NFTs are connected. Let us delve deeper to understand how blockchain and NFTs play a significant role in the metaverse scheme of things. Metaverse, crypto, and blockchain: What is the connection? Blockchain is the key to unlocking the metaverse. Let us see how. Consider the metaverse a virtual world. Well, we can put one together using some code, virtual reality tools, AR resources, and some good old graphics engine. But the question is: how do we make it decentralized? With Web 3. 0 skewed towards decentralization and autonomy, it is preferable to rely on a technology that allows businesses to be transparent. For instance, a metaverse built using... --- ### How to create an NFT for free > A guide to creating NFTs for free. Here’s how you can create an NFT and sell it on marketplaces. Read this blog to know more about it. - Published: 2022-12-01 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/create-an-nft-for-free/ - Categories: Crypto - Tags: crypto, NFT Put simply, non-fungible tokens (NFTs) are crypto asset chits that confer “ownership” of a piece of digital art or music on the buyer. NFTs come with unique identification codes, which get recorded on a blockchain. You must have heard that you need to pay a gas fee to create an NFT on an NFT marketplace. What if I tell you that you can create NFTs for free, with no gas fee or other costs? Yes, it is possible, and this blog will help you learn how to create an NFT for free. Let’s dig in. Understanding the NFT market Before you take the plunge, you should know about the NFT ecosystem and how it works. Not all NFTs in the market are bought and sold at a sky-high price. It all depends on the community following, the accompanying benefits, and the uniqueness of the NFT. For instance, a holder of BAYC NFT—the most popular NFT series in the market—gets to enjoy the social status associated with the project and exclusive BAYC merchandise and also joins the ranks of famous celebrities. And while creating an NFT, you need to ensure that it is unique and doesn’t violate the intellectual property rights, copyright, or trademark of another person/party. Creating an NFT In the traditional way of creating an NFT, the artist needs to mint it on the blockchain first by paying a gas fee or transaction fee and then listing it on an NFT marketplace like OpenSea and Rarible to sell it.... --- ### What are Doodles NFTs? > The Doodles NFT collection, launched in 2021, is one of the most popular NFT projects. Here's everything you need to know. - Published: 2022-12-01 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/what-are-doodles-nfts/ - Categories: Crypto - Tags: cryptocurrencies, Doodles, NFTs, web3 See some colorful little lines snaking their way through the Non-Fungible Token (NFT) universe? Probably just a Doodle. With 10,000 pieces, the Doodles NFT project is essentially a collection of hand-drawn images that portray playful characters. The collection is slowly but surely garnering popularity among art collectors and enthusiasts alike. Whether you are on the lookout for some inspiration or are just keen on diversifying your investments, here's an option that may interest you. Who created Doodles NFTs, and what are they exactly? The Doodles NFT collection was launched in 2021 by Jordan Castro, Scott Martin, and Evan Keast—popularly called Poopie, Burnt Toast, and Tulip, respectively. Two of these founders had been experimenting in the space for a while. Both Poopie and Tulip had worked with Dapper Labs and on CryptoKitties. The art featured in this collection, though, is by Burnt Toast. The collection they put together is community-backed. That means, following in the footsteps of some other famed NFT projects like Bored Apes and CryptoPunks, each NFT is formed by mixing and matching 100+ rare traits. These traits are what contribute to the NFTs’ rarity score, which signifies its uniqueness. Uniqueness is key because it determines their popularity and price across secondary markets. The collection also doubles up as an Ethereum-based NFT collection. In terms of artwork, the Doodles by Burnt Toast comprise hand-drawn pictures of characters in funky clothing. They often sport bright jewelry, sunglasses, or even animal costumes. The collection also includes several non-human entities like apes,... --- ### What is blockchain-based timestamping in crypto? > Blockchain-based timestamps in crypto are gaining momentum. Discover all you need to know about blockchain timestamping via this blog. - Published: 2022-11-25 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/what-is-blockchain-based-timestamping-in-crypto/ - Categories: Crypto - Tags: blockchain security, crypto, timestamp Stamps are sometimes used to certify that the information in a document is accurate. Blockchain-based timestamping has a very similar function in the world of crypto. Learn all about them in this article. What is blockchain-based timestamping? Blockchain-based timestamping is part of the record-keeping strategy on blockchains. A blockchain, as you may know, is essentially a record/long list of transactional information. There’s no central authority involved. Everything is handled in a decentralized manner by a network of participants. In this system, when a record of the information is created, a timestamp is affixed. A blockchain-based timestamp is essentially a stamp where the date and time it was affixed are mentioned. It is immutable and tamper-proof. Timestamps are meant to certify that the document was created at a specific time and has not been modified since. Whenever a new transaction is made, the blockchain adds a new timestamp. This ensures that whenever any subsequent additions happen, the change is reflected on everyone’s ledgers for the sake of transparency. The fact that it is so hard to get away with manipulating blockchains is why they are so in vogue. And timestamps play a key role in securing this operation. How does blockchain-based timestamping work? To sum up what we’ve learned so far, one of the mechanisms used to verify data as part of a decentralized system is blockchain-based timestamps. But what do timestamps look like, and how do they work? Well, they are essentially a string of characters that helps identify the... --- ### What is cold storage in crypto? > Cold storage in crypto refers to cold wallets for assets. Discover how cold wallets can help keep your crypto offline and secure. - Published: 2022-11-23 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/what-is-cold-storage-in-crypto/ - Categories: Crypto - Tags: Cold storage, crypto wallets In case it isn’t obvious to you, we’re not talking about putting your crypto into the freezer here. Cold storage in crypto is one of the ways in which you can keep your digital assets safe. While the freezer variety of cold storage preserves dead meat, the crypto counterpart is the key to maintaining your financial well-being. What is cryptocurrency cold storage? Broadly speaking, you could store crypto in one of the two following ways: Hot wallets: Put simply, the hot storage option refers to the use of hot wallets to store crypto. In contrast, cold storage is essentially an offline storage system. Cold wallets: The cold type of storage is a way of keeping your crypto safe by using a physical medium, also known as a cold wallet. The cold wallet type of storage option is the focus of this article. It is potentially one of the safest ways to store crypto, so long as you keep your wallet safe. The fact that the storage is not connected to the internet means better protection. With there being a huge number of hacks and exploits in the crypto space in 2022, this advantage of cold storage makes it ever so relevant. There are many different types of cold storage. But the two most common ones are paper wallets and hardware wallets. How does cold storage work? At the heart of the cold storage system are private keys. Crypto tokens are not stored in a wallet. Instead, they live on the... --- ### What are accounting principles? > Accounting principles are followed to ensure that there is a common global standard. Learn more about accounting principles here. - Published: 2022-11-22 - Modified: 2023-09-27 - URL: https://coinswitch.co/switch/uncategorized/what-are-accounting-principles/ - Categories: Personal Finance, Uncategorized - Tags: accounting principles Earnings reports tell us if a company spent more than it earned or vice versa. Balance sheet, a close cousin, shows what a firm owns and owes. Both adhere to a set of accounting principles that firms follow to record, process, and report financial information. Accounting principles are the foundational principles of financial reporting as they provide a frame of reference for understanding and analyzing financial statements, helping firms make informed decisions about business operations. Proper accounting ensures that businesses operate responsibly and transparently. Why are accounting principles important? Accounting principles are important because they provide a framework for understanding and managing financial transactions. They can help businesses make efficient decisions, manage risk, and optimize resources. They also play an essential role in auditing a company's finances. Accounting principles help us understand how a company performs financially, identify potential problems, and make necessary adjustments. They also provide guidelines for recording revenue, expenses, and other financial information. Without accounting principles, it would be difficult to determine whether a company complied with laws or regulations governing the reporting of financial data. Additionally, it would be impossible to make informed investments or business decisions without accurate financial information. Types of accounting principles There are several accounting principles that businesses must adhere to maintain accurate records and track their financial progress. Some common principles include revenue recognition, the going concern principle, the materiality principle, the monetary unit principle, etc. Each has its own set of rules to ensure that firms present numbers accurately in... --- ### Saudi Arabia launches philanthropy center in the metaverse > Saudi Prince Alwaleed bin Talal recently launched the world’s first philanthropy center in the metaverse. The aim of the metaverse is to connect virtual worlds to offer users borderless cultural and digital experiences. - Published: 2022-11-18 - Modified: 2022-11-18 - URL: https://coinswitch.co/switch/news/saudi-arabia-launches-philanthropy-center-in-the-metaverse/ - Categories: News - Tags: crypto, news Saudi Prince Alwaleed bin Talal recently launched the world’s first philanthropy center in the metaverse. The aim of the metaverse is to connect virtual worlds to offer users borderless cultural and digital experiences. The metaverse launch was scheduled for 16 November, which is globally observed as World Tolerance Day. The day in mid-November began to be used to spread awareness about the dangers of intolerance after a UNESCO mandate in 1995. The Alwaleed Philanthropies (AP), a charitable and philanthropic organization founded and chaired by billionaire Prince Alwaleed Bin Talal Al Saud, is behind the launch. With the latest initiative, AP becomes the first to take on a metaverse initiative with a social drive. The philanthropic metaverse will operate on Decentraland, the most well-known metaverse platform. Saudi Arabia is an important market in the crypto space due to significant crypto adoption. In September saw the country celebrate its national day in the metaverse. More recently, the Saudi Arabian Royal Commission for AlUla (RCU) made its debut in the metaverse with an immersive UNESCO World Heritage site. Tapping into the metverse’s mass appeal in the region, AP latest move furthers Saudi’s lead in the space. What’s on display? The digital experience is inspired by AP’s mandate, since its founding in 1980, to build and nurture tolerance across humanity. Toward improving the understanding of cultures and borderless tolerance while also building up the country as a key crypto and Web 3. 0 center, the new AP metaverse will help people explore the multi-story... --- ### What is crypto FOMO, and how to avoid it? > Even experts fall for Crypto FOMO and why not? These assets are heavily marketed. Before you give in to FOMO over some crypto, read this - Published: 2022-11-18 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-fomo-and-how-to-avoid-it/ - Categories: Crypto - Tags: crypto, crypto FOMO, FUD While surfing the internet on a lazy Sunday morning, you realize that almost everyone you know now has a new coin. The celebs are promoting it, your friends are posing with it. It’s everywhere. You begin to think that by not having one, you are missing out. You give in and, on an impulse, you end up buying it. That’s crypto FOMO right there for you. That’s how it always starts. And it usually doesn’t end well. So don’t be like that. Read on to learn all about this very contemporary fear. Let’s dodge that FOMO bullet together. What is crypto FOMO? FOMO is short for the Fear Of Missing Out. Since the community is key in crypto, FOMO ends up playing a huge role in the market. When an investor falls prey to this totally avoidable fear, they make investment decisions based on a trend, rather than ensuring due diligence. Remember how Tesla CEO Elon Musk’s favorite meme token Dogecoin became all the rage last year? The business tycoon’s repetitive positive tweets about it had a huge role to play in market sentiments favoring DOGE. The price went up overnight, and the rest was history. That was FOMO in action for you. The multiple volatile hikes that occurred then weren’t exactly wise, wealth-generating investments from the community. But how do we know that? And how do we know when FOMO is spurring a trend? After all, it is true that the crypto market witnesses trends on a daily, weekly,... --- ### Eco-friendly BTC mining startup raises $28 million > Arkon Energy, an Australian data-focussed startup, raised $28 million to expand its BTC mining operations. - Published: 2022-11-18 - Modified: 2022-11-18 - URL: https://coinswitch.co/switch/news/eco-friendly-btc-mining-startup-raises-28-million/ - Categories: News - Tags: crypto, news Arkon Energy, an Australian data-focussed startup, raised $28 million to expand its BTC mining operations. The fundraising was led by Blue Sky Capital, a digital assets market maker and quantitative investment managing firm. The funds will be added to $2. 6 million previously raised by company as part of its pre-seed funding. In addition to raising the money, Arkon Energy acquired European-based data center Hydrokraft AS, one of Norway’s top data centers using renewable energy. Why is this development important? Such venture capital fund transfers seem to suggest that environmentally conscious miners in the space have better chances of survival. Speaking to CoinTelegraph about it, Arkon CEO Josh Payne said the current market scenario presents the company with “a compelling opportunity. ” The latest fundraising success must therefore be seen in the light of several recent developments, including the FTX collapse. The current turmoil in the crypto market has made things tougher for the Bitcoin mining industry. The falling prices and surging energy costs have led to their share of bankruptcies and price plunges for publicly traded companies. Additionally, the energy-hungry mining process has faced flak from environmentalists and governments for a while now. In this context, mining companies like Arkon have turned to low-cost energy and more innovative business models to stay alive. Other companies that have gone down a similar road include new solar-powered Bitcoin miner, Aspen Creek Digital Corp. (ACDC), and Vespene Energy, a company that converts methane released from landfills into power, which is then channeled... --- ### Adidas launches “Virtual Gear” > Accelerating its metaverse strategy, German sportswear brand Adidas Originals unveils the world’s first blockchain-powered virtual wearables. - Published: 2022-11-18 - Modified: 2022-11-18 - URL: https://coinswitch.co/switch/news/adidas-launches-virtual-gear/ - Categories: News - Tags: crypto, news Accelerating its metaverse strategy, German sportswear brand Adidas Originals unveils the world’s first blockchain-powered virtual wearables. The wearables called “Virtual Gear” were revealed after a teaser campaign with the brand’s Discord community on 17 November. Adidas’ studio, Three Stripes, developed the collection to help the brand increase its value and utility. Speaking about the launch, Adidas Vice President Erika Wykes-Sneyd said that the company intends to “explore every viable utility, platform, and experience” in the Web 3. 0 arena. The launch of the NFT collection accelerates the brand’s drive into the Web 3. 0 space. It also counters the movement of its rival and NFT fashion leader, Nike. The latter recently launched a new Web 3. 0 platform called . Swoosh to offer Polygon-based NFT products. What we know about the virtual wear Users can wear the wearables after donning their virtual avatars. The wearables can also be used for NFT profile pictures. In addition, every piece of the gear is interoperable. That means they can be used in other metaverse environments too. The Virtual Gear consists of 16 pieces that tie together the past and future of Adidas. It includes three limited edition creator-led wearables representing Bored Ape Yacht Club, Gmoney, and PunkComics. The collection is available for wallet users of existing Phase 2 Capsule NFTs, which were launched in May and airdropped to Into The Metaverse (ITM) NFT holders. To discover which of the unique pieces they have been allocated, holders will have to agree to “burn” their... --- ### Aptos competitor Sui Network launches testnet > Sui blockchain, an Aptos competitor that focuses on creator incentivization, announced the launch of its testnet today via Twitter. - Published: 2022-11-18 - Modified: 2022-11-18 - URL: https://coinswitch.co/switch/news/aptos-competitor-sui-network-launches-testnet/ - Categories: News - Tags: crypto, news Sui blockchain, a Mysten Lab product that focuses on creator incentivization, announced the launch of its testnet today via Twitter. With the testnet live, it will be possible for the developers to get a closer look at the features associated with Sui, which is supposed to pose as a competitor for the newly launched Aptos blockchain network. Every blockchain requires a testnet before going at full throttle. Testnets help developers test the dApp, check for bugs, and try the chain out in real-world conditions. Sui’s testnet, called Wave 1, is also intended to identify operators for a core group that can deploy, monitor, and debug as and when required. It will focus on improving incident response and decentralized coordination between the validators and nodes. Earlier this month, Mysten Labs, the crypto company behind Sui, received funds worth $15 million from NCSoft, a firm that specializes in gaming. The company first managed to attract VC funds worth $300 million in September this year. Sui and Mysten Labs: The background story The aforementioned $300 million funding was meant to get Sui up and running. Leading the funding round was the now-bankrupt FTX. The funding round did work wonders for Sui, and as a result, the value of Mysten Labs rose to $2 billion. Then, in October, in an attempt to improve the blockchain’s payment setup, the developers concerned introduced Mist units. Mist units are similar to Satoshis in the case of Bitcoin. They make divisibility possible within the payment system and enable... --- ### XRP Ledger gets its first dollar-backed stablecoin > Stably has decided to launch a multichain stablecoin on Ripple network’s XRP Ledger. Read more about it, here - Published: 2022-11-18 - Modified: 2022-11-18 - URL: https://coinswitch.co/switch/news/xrp-ledger-gets-its-first-dollar-backed-stablecoin/ - Categories: News - Tags: crypto, news Stably, a Web 3. 0 startup based out of Seattle and creator of a TradFi and DeFi bridge, has decided to launch a multichain stablecoin on Ripple network’s XRP Ledger. The ticker symbol of the new, dollar-backed stablecoin is USDS. The launch of the new stablecoin was announced by Stably on 17 November 2022 via a press note. Since Ripple is an SEC-qualified reserve custodian, the USDS is expected to maintain a 1:1 ratio with USD. The Stably USD is the first stablecoin backed by the US dollar to be introduced on XRP Ledger. While the Stably USD is new to the Ripple network, it has already been issued across 11+ blockchains in the past. Some blockchains that are already familiar with the coin are Tezos, VeChain, Harmony, and Stellar. The coin that has been launched in the midst of the FTX turmoil isn’t Stably’s first stablecoin rodeo. Back in 2018, the startup launched a coin of the same kind on Ethereum. Additional details about USDS Stably claims that in addition to being fully collateralized by actual USD reserves in a 1:1 ratio, USDS will be independently audited by a leading American auditor. The auditor will provide monthly certifications to show the state of Stably’s fiat reserves against its stablecoin. So far, Stably has not officially disclosed the names of the custodian or the auditor. Users can mint and redeem the stablecoin via Stably’s official web portal. Alternatively, they could use the Stably Ramp apps. These apps are integrated into... --- ### Crypto market update: 18 November 2022 > The broader crypto market staged a recovery of sorts this Friday morning, with a 0.82% day-on-day uptick against its name. Read full update. - Published: 2022-11-18 - Modified: 2022-11-18 - URL: https://coinswitch.co/switch/news/market-update-november-18-2022/ - Categories: News - Tags: crypto, news The broader crypto market staged a recovery of sorts this Friday morning, with a 0. 82% day-on-day uptick against its name. Although the upmove was marginal, it could sail the beaten-down market past the sea of red around. At press time, the global crypto market cap is at $841. 27 billion. The overall trading volume saw a 12. 77% drop over the past 24 hours, and the DeFi space registered a 0. 46% dip. The current TVL for DeFi is $42. 71 billion, according to DeFillama, a DeFi TVL aggregating dashboard. Bitcoin dominance is heading upward so far, for the second consecutive day. It is currently at 38. 67, marking a 0. 27% upmove since yesterday. Meanwhile, the global equity market continued its red streak. Nasdaq and S&P 500 shed 0. 35% and 0. 31% since yesterday. A variety of drivers are causing the crypto and equity market movements for now—a trend that is favoring those expecting the two to decouple. Crypto Fear and Greed Index The crypto space’s go-to sentimental index made a three-point jump today. It is currently at 23, up from yesterday’s low at 20. It will take some more social optimism, decreased volatility, and better buyer confidence to push the index into neutral territory, which may be found north of 40. As of now, the first target is to move back to the “Fear” quadrant—something that would require a 2-point drop. Key coins Coming to the top 10 coins by market cap, Bitcoin (BTC) and Ether... --- ### ETH staking yields surge, the highest since Ethereum merge > The APR for yields on ETH staking is now above 10%, according to the data released by Dune Analytics, - Published: 2022-11-17 - Modified: 2022-11-17 - URL: https://coinswitch.co/switch/news/eth-staking-yields-surge/ - Categories: News - Tags: crypto, news While the broader market reels from the effects of crypto contagion, vanilla ETH staking seems to be the way to go for many, thanks to the high yields. The APR for yields on ETH staking is now above 10%, according to the data released by Dune Analytics, an on-chain data analytics platform. The surge in the APR aligns with the piece that we did earlier today where we discussed that despite being down month-on-month in terms of DeFi TVL, protocols like Lido and AAVE have started showing some weekly gains. With passive earning in sight, people are making use of staking services by Lido, where the APR surge was as high as 10. 7%. This kind of APR concerns standard stETH stakers—people who have already staked their ETH for stETH and are now using that stETH to earn higher yields. But that’s not even the fun part here. The higher staking rewards aren’t just synonymous with standalone staking yields. Instead, it also concerns a new product that is currently being floated in the DeFi space and termed the icETH. icETH is a recursive staking product or rather an index launched by Index Coop. And with the ETH staking yields moving at a clip, icETH is generating yields at 25. 5%, according to Dune Analytics. How does icETH work? While people staking their Ether can get hold of stETH on platforms like Lido, Index Coop’s icETH index allows them to make better use of the idle stETH. Here is more about... --- ### El Salvador to resume Bitcoin purchase @1 BTC per day - Published: 2022-11-17 - Modified: 2022-11-17 - URL: https://coinswitch.co/switch/news/el-salvador-to-resume-bitcoin-purchase-1-btc-per-day/ - Categories: News - Tags: crypto, news Nayib Bukele—President of El Salvador—has taken to Twitter to announce the country’s plans to resume purchasing Bitcoin. The tweet mentions that El Salvador will buy 1 BTC everyday from 18 November 2022 onwards. However, it is not clear how long the buying program will continue. Here is the tweet that added some zing to an otherwise morbid Thursday morning: https://twitter. com/nayibbukele/status/1593113857261965312 El Salvador has made news due to its pro-crypto or rather a pro-Bitcoin approach. For perspective, the Central American country’s Bitcoin Law came into effect on 7 September 2021. As part of this law, Bitcoin was made legal tender, making it the first country to do so. The country even topped off this move with several financial incentives to regularize and popularize BTC’s usage. How much BTC is El Salvador sitting on? Currently, El Salvador has BTC worth $375 million in its reserves, going by the current price. However, with BTC feeling the tremors of the FTX contagion, the country is currently sitting on some realized losses—$60 million, give or take. However, Nayib Bukele making a buy announcement on Twitter isn’t new. He is known for his dip-buying strategy when it comes to Bitcoin. Here is a tweet from May 2022 that explains it: https://twitter. com/nayibbukele/status/1523742670044413954 As you can see, BTC was then trading at over $30,000—nearly double of where it is placed currently. However, the dip buying hasn’t worked well for Bukele and El Salvador. In June 2021, when Bukele made an official announcement to take the “Bitcoin... --- ### Shiba Inu is the beloved of ETH whales > As of 15 November 2022, Shiba Inu was holding the top rank in terms of assets managed by the top 5000 Ether whales. - Published: 2022-11-17 - Modified: 2022-11-17 - URL: https://coinswitch.co/switch/news/shiba-inu-is-the-beloved-of-eth-whales/ - Categories: News - Tags: crypto, news Shiba Inu holders have something to cheer about despite the coin experiencing a 5. 57% weekly drop in its price action. As of 15 November 2022, Shiba Inu was holding the top rank in terms of assets managed by the top 5000 Ether whales, according to data from Whalestats. The data shows that ETH whales, who have been holding onto some large deposits of Ether, are optimistic about SHIB’s prospects as a crypto asset. WhaleStats’s Twitter handle released the information, with MKR and UNI ranked the second and third favorites with ETH whales. https://twitter. com/WhaleStats/status/1592389890490208256 The presence of MakerDAO and UniSwap tokens is not surprising as they are some of the more popular DeFi protocols around. Shiba Inu’s price action Yet, the title of ETH whale favorite hasn’t done a lot for Shiba Inu’s price action. If you look at the daily chart closely, you will notice that the prices are currently trading between $0. 00001027 and $0. 00000855, with the first level acting as a resistance and the other as support. To have any chance at moving higher from the existing levels, SHIB would first need to breach the $0. 00001027 level. Currently, SHIB is trading at 0. 00000912, which is in fact closer to the support. For the onshore traders, the Shiba Inu price in India is currently at ₹0. 000829, which is at a 1. 63% deficit compared to yesterday’s price. Coming to the price chart, we might see some more correction in the short term as... --- ### Dogechain TVL surge lights up DeFi space > Dogechain —Dogecoin’s unofficial L2 (layer-2) solution has recorded a 51.97% monthly TVL surge, according to DeFiLlama. - Published: 2022-11-17 - Modified: 2022-11-17 - URL: https://coinswitch.co/switch/news/dogechain-tvl-surge-lights-up-defi-space/ - Categories: News - Tags: crypto, news At a time when most DeFi chains are seeing their TVL (Total Value Locked) eroding rapidly, Dogechain —Dogecoin’s unofficial L2 (layer-2) solution has recorded a 51. 97% monthly TVL surge, according to DeFiLlama. Dogechain’s DeFi growth comes at a time when the network has made its PoS-upgrade plans loud and clear. Dogechain's rank in terms of TVL: DefiLlama Dogechain, currently ranked 63 on the list of DeFi chains, houses several aspiring DeFi projects on its network. These include the likes of Yodeswap, Kibbleswap, and the Clever Protocol. Over the past few weeks, Dogechain has seen a lot of BUIDLer-specific activity with Dexes, lending platforms, yield aggregators, algorithmic stablecoins, and other projects showing up almost regularly. Yet, Dogechain’s monthly TVL growth seems like an exception as top DeFi chains such as Ethereum and Polygon have lagged behind. Ethereum’s DeFi TVL has dropped over 20% month-on-month, whereas, for Polygon, the dip has been close to 10%. Top Defi chains: DefiLlama Why the drop? Market conditions are known to impact DeFi TVLs as panic drives users to take funds out of specific protocols and chains. To be sure, the fallout from the FTX collapse was reason enough to worsen the crypto market further. Small wonder a lot of funds locked in DeFi made it back to the users’ coffers amid the bear market. If we ignore the chains for a while and focus only on the DeFi protocols, the situation isn’t great either. MarkerDAO—an Ethereum-based DeFi lending project, has seen a month-on-month TVL... --- ### Crypto market update: 17 November 2022 > With the broader crypto market starting another day in the red, it is clear that the effects of the FTX collapse will linger for a while. - Published: 2022-11-17 - Modified: 2022-11-17 - URL: https://coinswitch.co/switch/news/market-update-november-17-2022/ - Categories: News - Tags: crypto, news With the broader crypto market starting another day in the red, it is clear that the effects of the FTX collapse will linger for a while. Early on Thursday, the market is trading at a discount of 1. 93%, compared to yesterday. Crypto trading volumes have dropped over the past 24 hours, losing 3. 84% in the interim. And today, we see Bitcoin dominance increasing marginally (0. 12%) to 38. 40%. As of now, even traditional markets are trading low, with the NASDAQ dropping 1. 54%, since yesterday. S&P 500 is down 0. 83%, showing that the equity space isn’t too upbeat either. In the crypto space, a number of otherwise exciting crypto counters like that of DOGE and XRP are trading flat—showing an ongoing tussle between buyers and sellers. The most impactful piece of information to come out of all this is the beaten-down DeFi space—primarily led by Solana's insane 70% drop in TVL (Total Value Locked). Ethereum and Polygon TVL figures have also taken a hit. Drop in TVL: Defillama Crypto Fear and Greed Index The index, currently at 20, has slid further into the “Extreme Fear” territory. Yesterday, the index was trading at 23. The drop to the 20-level signals a loss of buyer confidence across the market. Crypto fear and greed index: Alternative. me Historically, 20 has acted as a support level for the Fear and Greed Index for quite some time now, with the index rebounding every time it touched the mark. However, the index... --- ### Big jump in active users for Polkadot > The active users on Polkadot have surged by almost 300% in two weeks, according to a tweet from Dot Insights. The numbers have risen from 1,100 to 4,516. - Published: 2022-11-16 - Modified: 2022-11-16 - URL: https://coinswitch.co/switch/news/big-jump-in-active-users-for-polkadot/ - Categories: News - Tags: crypto, news Polkadot, the smart contracts platform that is often referred to as blockchain of blockchains, has been witnessing a big jump in the number of active users recently. The active users on the platform have surged by almost 300% in two weeks, according to a tweet from Dot Insights. The numbers have risen from 1,100 to 4,516. In the same fortnight of November 2022, the number of new accounts added daily, or the on-chain public addresses on Polkadot chain, also skyrocketed. It has seen a rise of almost 900%. https://twitter. com/dotinsights_xyz/status/1592115353395810304 The project by Dot Insights, which was designed to track the progress of Polkadot (DOT) and Kusama (KSM), showed an increase in footfall on Polkadot despite the recent market rout following the collapse of crypto exchange giant FTX. The rise in the number of active users can be attributed to the recent outflow of liquidity from centralized exchanges to self-custody wallets revealed by Glassnode, the well-known on-chain analytics platform. However, in the mean time, the price of DOT failed to move north despite the increased on-chain activity levels. On the contrary, DOT fell from $7. 35 to $5. 4, courtesy of developments around FTX. DOT is currently trading closer to the $5. 85 level. The smart contracts platform has also been recording higher than usual development activity for a few months now. In September 2022, Polkadot recorded more than 500 contributions each day—an all-time high for the multichian protocol. According to project developers, 66 blockchains are now live on Polkadot... --- ### DEX weekly trading volume reaches record high after FTX collapse > Post-FTX collapse, a significant shift in crypto trader behavior is evident. And centralized crypto exchanges are facing the brunt, data from Dune Analytics reveals. - Published: 2022-11-16 - Modified: 2024-01-25 - URL: https://coinswitch.co/switch/news/dex-weekly-trading-volume-reaches-record-high-after-ftx-collapse/ - Categories: News - Tags: crypto, news Post-FTX collapse, a significant shift in crypto trader behavior is evident. And centralized crypto exchanges are facing the brunt, data from Dune Analytics reveals. Trading volume in decentralized exchanges (DEXs) have skyrocketed in the past week. A whopping $27 billion worth of trades were made in the period, according to the Dune data. The 30-day trading volume, by comparison, amounts to a mere $60. 5 billion. The data suggests that DEXs have emerged as the safer alternative, as compared to centralized crypto exchanges. However, complicated user interfaces and the inability to transfer funds directly from banks is causing DEXs to lose out to some extent. Details about the DEX influx The lion’s share of DEX trading volume was brought in by Uniswap, which accounts for $17. 4 billion of the trades as of 16 November. Curve and Balancer, with $6. 8 billion and $883 million in trades, respectively, come in second and third. Similarly, dYdX, a DEX on the Cosmos blockchain, saw user registrations increase by 99% and transaction volume climb by 136%. The growth was also reflected in the value of its dYdX token, which is up by 77% at the press time. Smaller DeFi platforms have also benefited from the shift in user behavior. On Saturday, 12 Nov 2022, 1inch Network, a DEX aggregator, tweeted about gains across all its protocols. Data from Dune Analytics indicates that the platform has hosted over $5. 3 billion in volume over the last week. Meanwhile, on Monday, 14 November 2022, on-chain... --- ### Christiano Ronaldo makes pre-FIFA entry into NFT market > Just days before the start of the FIFA world cup 2022 in Qatar, Cristiano Ronaldo has decided to drop a bunch of Non-Fungible Tokens (NFTs) into the market - Published: 2022-11-16 - Modified: 2022-11-16 - URL: https://coinswitch.co/switch/news/christiano-ronaldo-makes-pre-fifa-entry-into-nft-market/ - Categories: News - Tags: crypto, news Just days before the start of the FIFA world cup 2022 in Qatar, Cristiano Ronaldo has decided to drop a bunch of Non-Fungible Tokens (NFTs) into the market in collaboration with crypto platform Binance. The first few NFTs from the Ronaldo-themed collection will go public on 18 November 2022. The NFTs will feature seven animated statues on four different rarity levels including Super Super Rare (SSR), Sure Rare (SR), Rare (R), and Normal (N). Each category will depict iconic moments of Ronaldo’s professional and personal life. Binance and the soccer legend have entered into multiyear partnership deal, according to Watcher Guru. The partnership comes as a bit of a surprise given the fact that the platform has expressed some skeptcism about celebrities endorsing crypto. In fact, Binance even put out an ad featuring Jimmy Butler to that effect just before the Super Bowl this year. The entry of renowned footballer into the world of Web 3. 0 has managed to generate a lot of excitement so far. The move transfers some of Ronaldo’s influence from the world of soccer to the NFT arena. With FIFA just around the corner, brands are making every attempt to create a dent in the NFT marketplace. The NFT space is of particular interest because it increases brand visibility. Budweiser and VISA are some of the companies to launch new NFTs ahead of the tournament. Many popular soccer clubs, like FC Barcelona, too, have been seeing NFTs as a profitable venture in recent times. In... --- ### Ethereum’s centralization risk could be mitigated > Professional staking services remove many hurdles and manage all of the heavy lifting. They allow users to stake ETH without friction or overhead. - Published: 2022-11-16 - Modified: 2022-11-16 - URL: https://coinswitch.co/switch/opinion/ethereums-centralization-risk-and-unstaking/ - Categories: Opinion - Tags: ethereum merge This September, we witnessed one of the most important milestones in the history of Ethereum as the Merge was finally completed after years of preparation. Many of the benefits that followed were well-established, such as the massive reduction in Ethereum’s carbon footprint and ETH’s new, potentially deflationary economics. Now that the network has had a chance to operate using a Proof-of-Stake consensus mechanism, it is helpful to take a deeper look into what has transpired since the Merge and examine some of the more subtle developments occurring beneath the surface. One of the most heavily debated topics was around ETH staking concentration. Leading up to the Merge, two related patterns began to form. First, liquid staking derivatives emerged as a capital-efficient way for ETH token holders to stake and avoid the opportunity cost of locking their capital. Instead, users can send their ETH to a liquid staking smart contract and receive a derivative token in return (in theory, at a 1:1 rate), which can then be used to pursue other opportunities in the ecosystem. Liquid staking protocols such as Lido and Rocket Pool gained tremendous traction, with Lido amassing 30% of all staked ETH. The second pattern was that institutions, particularly centralized exchanges, developed custodial staking services that enabled users to deposit ETH for staking without friction. Rise in staking concentration on the Beacon chain between January and September 2022 Both liquid staking protocols and professional staking services began accumulating a significant market share of staked ETH. While the total... --- ### After airport, Bengaluru streets take the metaverse route > A well-known street in the commercial part of Bengaluru has now joined the recently launched city’s airport terminal in the metaverse. - Published: 2022-11-16 - Modified: 2022-11-16 - URL: https://coinswitch.co/switch/news/after-airport-bengaluru-streets-take-the-metaverse-route/ - Categories: News - Tags: crypto, news Bengaluru seems to be hooked to the metaverse. A well-known street in the commercial part of town has now joined the recently launched city’s airport terminal in the metaverse. Church street, a vibrant lane at the heart of the city’s commercial hub, is going to set up shop in the metaverse with virtual stores, concert halls, public art and cultural spaces. It will also have an auto to navigate the various parts of city. Luru, the metaverse-based counterpart of the street, will be unveiled at the 25th Bangalore Tech Summit (BTS). The Summit begins today and ends on 18 November 2022. It is the largest of its kind of tech summit in Asia. https://twitter. com/lurucity/status/1592453356517478401 Metaport, the digital version of the newly inaugurated city’s airport terminal, was launched on 14 November 2022. Since then, it has generated a lot of excitement and curiosity so far. It is also the world’s first metaverse-based airport. The popular street’s arrival in the metaverse is meant to further consolidate the city’s digital presence. Bengaluru is already widely known as the silicon valley of India. Users can experience the virtual world of Luru through web browser on mobile phones, desktops, and headsets. An initiative by UnboxingBLR, Luru is powered by GMetriXR, a metaverse and Web3 platforms. Manish Malhotra, Hombale Films, and Third Wave Coffee are some of the well-known names acting as launch partners for Luru. Hombale Films, the production house of recent blockbuster films Kantara and KGF, said that they will also be launching... --- ### USDC payments now on Apple Pay > Circle, the issuer of second-largest stablecoin, has now added support for Apple Pay - Published: 2022-11-16 - Modified: 2022-11-16 - URL: https://coinswitch.co/switch/news/usdc-payments-now-on-apple-pay/ - Categories: News - Tags: crypto, news Circle, the issuer of second-largest stablecoin, has now added support for Apple Pay. The announcement made by the stablecoin issuer said that eligible businesses looking to build with Circle can now accept payments via Apple Pay. The move will help boost the sales of such businesses. The introduction of the Apple Pay option intends to bring traditional and crypto payments systems closer, thus boosting business for all. The Circle blog, where the announcement was made, says that Apple Pay was chosen because making payments through it is a “safer and faster” than other options. With Apple’s Safari web browser and in apps, users don’t have to put up with the lengthy process involved in creating an account. And the new option for eligible businesses, which will rely on Apple’s FaceID or TouchIDs, is expected to also let customers check out faster. The integration, the blog post argues, will benefit traditional businesses by allowing many more of them to shift from retail to digital payments. Crypto-native businesses can use the option to rope in customers who are keen on using traditional payment options. It even enables the buying of crypto with Apple Pay on their preferred exchanges. Crypto-focused establishments like NFT marketplaces, crypto gaming, crypto wallets, crypto exchanges, and cross-border remittance providers all stand to benefit from the development. “Traditional businesses can also take advantage of this enhancement to shift more retail payments to digital currency and experience the benefits of USDC settlement”, the blog adds. As part of its mission... --- ### Crypto market update: 16 November 2022 > On Tuesday, the crypto market, which had a mixed session, seemed to be trying to recover from the FTX fiasco. - Published: 2022-11-16 - Modified: 2022-11-16 - URL: https://coinswitch.co/switch/news/market-update-november-16-2022/ - Categories: News - Tags: crypto, market update, news On Tuesday, the crypto market, which had a mixed session, seemed to be trying to recover from the FTX fiasco. The total crypto market cap showed some improvement, rising by $50 billion after Monday’s low of $800 billion. Hopes of a favorable outcome for Ripple in its ongoing legal battle with the SEC created significant support for native token XRP. As a result, XRP led gains among the top 10 cryptos by market cap with gains close to 4%. Bitcoin (BTC) was mostly sideways during the day, hovering between $16,662 and $17,052. Meanwhile, ETH was trading in a narrow range between the resistance levels at $1,238 and $1,283. BNB, however, continued to struggle, with a decline of close to 1% registered to its name. News about Binance creating a recovery fund to support the industry, a slowdown of US wholesale inflation for the fourth consecutive month in October, and a positive end of the day for Nasdaq 100 reduced the impact of the FTX collapse. Movers and shakers beyond the top 10 At publishing time, the top gainers, according to CoinSwitch data, are: Band Protocol (BAND): +12. 73% Chiliz (CHZ): +12. 20% Algorand (ALGO): +10. 13% Golem (GLM): +8. 21% iExec RLC: +7. 52% Some of the leading losers are: Swipe (SWP): -7. 35% Ambire AdEx (ADX): -1. 60% Alien Worlds (TLM): -1. 54% Axie Infinity (AXS): -1. 37% Gala (GALA): -1. 24% Crypto Fear and Greed Index The Crypto Fear and Greed Index, a measure of market sentiments, suggests... --- ### Yuga Labs on acquisition spree; buys NFT startup WENEW > The NFT market might have nosedived bigtime in 2022, but that's not stopped Yuga Labs from expanding. - Published: 2022-11-15 - Modified: 2022-11-15 - URL: https://coinswitch.co/switch/news/yuga-labs-on-acquisition-spree-buys-nft-startup-wenew/ - Categories: News - Tags: crypto, news The NFT market might have nosedived bigtime in 2022, but that's not stopped Yuga Labs from expanding. Yuga Labs, the parent company behind Bored Ape Yacht Club (BAYC), has acquired Web3 ecosystem WENEW and its flagship NFT collection 10KTF. The latest integration of NFT collection 10KTF, is in addition to some of the biggest NFT collections, including Bored Ape Yacht Club, CryptoPunks, Mutant Ape Yacht Club, Bored Ape Kennel Club, Bored Ape Chemistry Club and Meebits. With all the top NFT projects in its bag, the firm looks set to dominate the NFT space. Besides, the company owns ApeCoin, whose native token, APE, powers the Yugaverse. No other NFTs and digital collectibles company comes closer in terms of economic heft, community building, and social influence in the Web3 world. Yuga Labs will induct WENEW's co-founder and CEO Michael Figge as its new Chief Content Officer. Meanwhile, Beeple, who is best known for selling a single piece of NFT artwork for $69. 3 million at an auction in March 2021, will serve as an advisor to Yuga Labs. About WENEW WENEW, co-founded by artist Mike "Beeple" Winkelmann, has pursued several brand collaborations since its launch in June 2021. Some of them are Gucci, Louis Vuitton, Playboy, and the Wimbledon tennis tournament. The startup is also popular for its flagship NFT collection 10KTF, which is an Ethereum NFT project built around a fictional tailor name "Wagmi-san" that creates digital apparel for various high-value profile picture (PFP) projects. After the news of the... --- ### Global blockchain market set to grow rapidly: Report > Amid the ongoing crisis in the crypto market space, an upbeat forecast about the global market for fintech blockchain brings a breath of fresh air. - Published: 2022-11-15 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/news/global-blockchain-market-set-to-grow-rapidly-report/ - Categories: News - Tags: crypto, news Amid the ongoing crisis in the crypto market space, an upbeat forecast about the global market for fintech blockchain brings a breath of fresh air. The global market for fintech blockchain is estimated to grow at a CAGR of 43. 8% to touch US$8. 7 billion by 2030, according to a report by market research firm Spherical Insights & Consulting. The new number is a whopping increase from US$1. 1 billion estimated in 2021. For the uninitiated, fintech is a new financial technology focused on innovation and providing technologically-enabled financial solutions and services. Fintech is the primary driving force behind the creation and invention of blockchain technology on which the entire crypto industry is built upon. The report cited the rising customer demand for Bitcoin; the need for faster, cheaper, cross-border payment systems; and higher compatibility with the financial services ecosystem. What’s more, the growing demand for complete security mechanisms is the key factor driving the growth of the fintech blockchain market. However, the absence of legal standards and regulatory frameworks and the economic downturn caused by the Covid-19 epidemic have posed significant challenges to the growth of the fintech blockchain market. Blockchain in telecom and post-services The global blockchain industry in the telecommunications and post-services segments is projected to grow exponentially during 2020 to 2030. The industry is expected to clock a growth rate of about 42. 83% to touch a valuation of around $5. 18 billion by the end of 2030, according to a separate report by leading... --- ### Nike ups its game; launches Web3 platform for NFTs > Nike, the world’s largest sportswear maker, has launched a new Web3 platform—.Swoosh to offer Polygon-based NFT products. - Published: 2022-11-15 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/news/nike-ups-its-game-launches-web3-platform-for-nfts/ - Categories: News - Tags: crypto, news Nike, the world’s largest sportswear maker, has launched a new Web3 platform—. Swoosh to offer Polygon-based NFT products. The launch marks the storied brand’s foray into the non-fungible token (NFT) and metaverse space. The . Swoosh platform is designed to highlight the brand's NFTs and facilitate the launch of virtual apparel like T-shirts and sneakers for avatars to be used in Web3 games. The idea is to enable customers to become co-creators and share digital product royalties. It also utilizes Web3 capabilities to allow users to unlock real-world benefits such as exclusive physical apparel or chats with champion athletes. The news was announced by the footwear and apparel firm on Twitter via RTFKT official account on 14 November. User registrations will be open from 18 November, according to Ron Faris, vice-president and the former head of Nike’s Snkrs app. RTFKT is a digital fashion and 3D creation studio, which Nike acquired in December 2021. Following this, Nike entered the metaverse game and also launched the virtual world Nikeland. Notably, . SWOOSH, RTFKT, and Nikeland use similar tools and blockchain technologies, but the company considers them as three different projects. With . Swoosh as its designated platform, Nike announced that its first digital collection is set to launch on the Web3 platform in January 2023. While the launch underlines Nike’s presence as a leader in fashion NFTs alongside its rival Adidas, the . Swoosh is still in the beta stage. The firm said that it plans to expand the platform and... --- ### Vitalik Buterin makes another donation to Dogecoin Foundation > Vitalik Buterin, the co-founder of Ethereum, donated 20 million Dogecoin (DOGE), worth about $2.9 million, to the Dogecoin Community. - Published: 2022-11-15 - Modified: 2022-11-15 - URL: https://coinswitch.co/switch/news/vitalik-buterin-makes-another-donation-to-dogecoin-foundation/ - Categories: News - Tags: crypto, news Vitalik Buterin, the co-founder of Ethereum, donated 20 million Dogecoin (DOGE), worth about $2. 9 million, to the Dogecoin Community on 2 November. The recent donation to the world's most popular memecoin follows a 500 ETH ($1 million) contribution made by Buterin in May 2022. DOGE is up by 6. 1% in the last 24 hours, trading at $0. 085, according to data from CoinGecko. The news was first shared by Twitter user @CalisCihan in a tweet on 14 November, according to the on-chain data from SoDogeTip, an on-chain tipping bot. The news of the donation was subsequently confirmed by reputable Dogecoin news sharer Mishaboar, who shared a link to view the transaction on Dogecoin Explorer. For context, the Dogecoin Foundation is a non-profit organization supporting the Dogecoin ecosystem through advocacy and core development efforts. Yet, it is not clear how the donation will be used by the Doge Foundation. Buterin joined the Dogecoin Foundation's advisory board in August 2022 along with Neuralink CEO Jared Birchall. Following the Ethereum merge, Buterin suggested that Dogecoin should transition to the proof of stake (PoS) protocol. DOGE is the second-biggest proof of work (PoW) crypto, just behind Bitcoin. As Buterin and the Dogecoin Foundation have made no comment on the donation, broadcasters @CalisCihan and Mishaboar have speculated about the timing of the donation. While @CalisCihan believes there might be a link between the donation and the launch of the long-anticipated DOGE ETH bridge, which Buterin collaborated on, Mishaboar points to the Dogecoin Hackathon... --- ### Binance’s recovery fund for projects facing liquidity crunch > Binance is creating a fund to help potentially strong projects that are having liquidity issues amid the current crypto market meltdown fueled by FTX’s bankruptcy filing. - Published: 2022-11-15 - Modified: 2022-11-15 - URL: https://coinswitch.co/switch/news/binances-recovery-fund-for-projects-facing-liquidity-crunch/ - Categories: News - Tags: crypto, news Crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues amid the current crypto market meltdown fueled by FTX’s bankruptcy filing. The launch comes a month after Binance Pool revealed that it was committing $500 million as a lending facility for struggling Bitcoin miners. Binance had backed out from an offer to acquire FTX last week after examining its books. However, in a new turn of events, Changpeng Zhao, popularly known as CZ, announced the fund while calling on major crypto industry stakeholders to stem the negative fallout from the FTX fiasco and rebuild the crypto market. CZ announced the Binance-led "industry recovery funds" on 14 November via a series of tweets. According to the tweet, more details about the funds to rescue crypto projects exposed to FTX will come soon. CZ called upon crypto projects wanting to avail of the industry fund to contact Binance Labs, the exchange's venture capital arm, provided they are deemed eligible to access the funds. The tweet also urged other industry players with "cash who wants to co-invest. " In response to the tweet, Tron founder Justin Sun said that Tron, Huobi Global, and Poloniex would support Binance in its initiative. According to reports from CoinDesk, Binance's BNB Token shot up by 3% following the news. Bitcoin and Ether also gained 4% after the announcement. Vocal about the crypto industry In addition to spearheading the industry fund, CZ has been vocal about his views on the crypto... --- ### Crypto market update: 15 November 2022 > Crypto prices stabilized after last week’s market turmoil triggered by FTX’s bankruptcy filing. The news of Binance launching a crypto recovery fund gave a fillip to the market. - Published: 2022-11-15 - Modified: 2022-11-15 - URL: https://coinswitch.co/switch/news/crypto-market-update-november-15-2022/ - Categories: News - Tags: market update, news Crypto prices stabilized after last week’s market turmoil triggered by FTX’s bankruptcy filing. The news of Binance launching a crypto recovery fund gave a fillip to the market. The industry fund aims to help crypto projects with liquidity issues. Ripple (XRP) led the way, rising by 10. 8%. The session also witnessed an upward trend among the top cryptos by market cap, including Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), Dogecoin (DOGE), Polygon (MATIC), and Cardano (ADA). The total crypto market cap increased by $10. 5 billion to $793. 0 billion on 14 November. At publishing time, the global crypto market cap is $842. 58 billion, a 4. 44% increase over the previous day, according to CoinMarketCap. Despite the recovery, the crypto market continued to decouple from the NASDAQ Composite Index, which ended the day with a 1. 12% loss. The broader market is still not out of the woods as contagion fears loom, and would need more positive triggers to support a sustained recovery from last week's losses. Key coins During yesterday's session, Bitcoin (BTC) rose by 1. 72% and ended the day at $16,626. It is noteworthy that BTC recorded its second increase in nine sessions. At the time of writing, BTC is up by 4. 38% in the last 24 hours, trading at $16,754. 61. Ethereum (ETH), the world's second-largest crypto by market cap, also traded in the green during yesterday's session, registering a relatively modest gain of 1. 8% to reach $1,240. 72. Ethereum is up... --- ### UAE schools are introducing crypto in curriculum > several UAE schools have decided to prepare its kids for the job market of the future by bringing blockchain and other emerging technologies into the curriculum. - Published: 2022-11-14 - Modified: 2022-11-14 - URL: https://coinswitch.co/switch/news/uae-schools-are-introducing-crypto-in-curriculum/ - Categories: News - Tags: crypto, news Aspiring leader of the Web 3. 0 landscape, several UAE schools have decided to prepare its kids for the job market of the future by bringing blockchain and other emerging technologies into the curriculum. The primary objective is to make children fully aware of the possibilities in the technology space. Schools in UAE are setting aside an hour each week to let students experience and explore the world of blockchain game development, learning about NFTs, and the wider metaverse. Also, they have created a series of videos to educate the community about the benefits of this technology. They will also run extracurricular activities on the blockchain and NFTs. Emphasizing the rationale behind the decision, Gillian Hammond, principal at Reptom Al Barsha, told The National News, a leading newspaper in the country, that the move is meant to promote online safety. In a digital scenario as crowded as the metaverse especially, she argued, one should be able to judge what is safe to share online. The students are told to never share their names, location, or pictures. Another component of the education, Hammond says, involves reminding pupils that things are not always as they appear online. As part of this broader push for digital safety, the family of schools that Reptom Al Barsha is a part of has identified blockchain as “the technology of the future. ” The school is hoping to emerge as a leader as they raise awareness among the students, teachers, and parents, she concluded. Tracy Moxley, the... --- ### DeFi TVL tanks as crypto market woes worsen > The TVL of various DeFi platforms fell to $42.61 billion this Monday, according to DeFi tracking platform DefiLlama. Over $10 billion was lost in a span of three days. - Published: 2022-11-14 - Modified: 2022-11-14 - URL: https://coinswitch.co/switch/news/defi-tvl-tanks-as-crypto-market-woes-worsen/ - Categories: News - Tags: crypto, news Total Value Locked (TVL), an important metric that tracks the performance of Decentralized Finance (DeFi) platforms, has tanked. The TVL of various DeFi platforms fell to $42. 61 billion this Monday, according to DeFi tracking platform DefiLlama. Over $10 billion was lost in a span of three days. Down from $55 billion at the start of last week, the TVL score is currently at a 19-month low. The drop in TVL is not due to large-scale withdrawals. Instead, it has to do with a drop in the price of DeFi tokens. Slumping by over 60% in the last seven days, the Solana ecosystem was the worst hit. Its TVL fell from $1 billion level to $325 million at the press time. For a few weeks, the TVL showed some stability and even a little recovery with the price of ETH approaching $1,600. However, following the FTX saga, all the gains have reversed. The second-largest valued blockchain protocol, Ethereum, has now lost close to $7 billion in TVL. It is currently at $25 billion, putting it close to its two-year low. source: DefiLlama The reports have emerged at a time when investors have had very little to look forward to. The crypto market and global financial market are both confronted by the perils of a centralized financial system. Additionally, the failure of centralized crypto platforms is one of the main causes of the crypto market’s poor performance. Other leading DeFi protocols, including AVAX, LINK, and AAVE, have also seen a double-digit... --- ### BTC holders ditching centralized exchanges for self-custodial wallets > Glassnode data shows many users have been moving their bitcoin (BTC) from crypto exchanges to self-custodial wallets - Published: 2022-11-14 - Modified: 2022-11-14 - URL: https://coinswitch.co/switch/news/btc-holders-ditching-centralized-exchanges-for-self-custodial-wallets/ - Categories: News - Tags: crypto, news Following the recent collapse of the world’s third-largest crypto exchange, many users have been moving their bitcoin (BTC) from crypto exchanges to self-custodial wallets, on-chain analytics platform Glassnode revealed via a tweet from 14 November 2022. BTC investors are withdrawing coins, in favor of self-custody, at a historic rate of 106,000 BTC per month. Such a massive outflow, the tweet added, was seen only on two previous occasions: in April 2020 and November 2020. Additionally, the tweet revealed, whale wallets are not the only ones responsible for the shift. Small investors have also hastened crypto asset transfers after 6 November. https://twitter. com/glassnode/status/1591943279448588290 After the revelation this month that FTX had allocated user funds to financially support operations of its sister concern Alameda Research, investor confidence hit a new low. The change in preferences suggests that users may be looking for safer options to park their crypto assets in the light of recent events. Under normal circumstances, the exchange outflow to self-custodial wallets would be considered a positive development, as BTC is being held for a longer term. But, unfortunately, the current BTC exodus is more a sign of widespread panic and waning public confidence in centralized crypto exchanges. For a long time now, crypto educators have been trying to raise awareness about the importance of self-custody and the dangers of exchange wallets. They have even popularized the phrase “not your keys, not your coins. ” The key here refers to the private keys of a wallet. With the recent crypto... --- ### Dogechain to upgrade to PoS > Dogechain, the newly launched unofficial Layer-2 solution for Dogecoin, will soon be upgraded to support the Proof-of-Stake (PoS) mechanism of verifying transactions - Published: 2022-11-14 - Modified: 2022-11-15 - URL: https://coinswitch.co/switch/news/dogechain-to-upgrade-to-pos-in-its-next-upgrade/ - Categories: News - Tags: crypto, news Dogechain, the newly launched unofficial Layer-2 solution for Dogecoin, will soon be upgraded to support the Proof-of-Stake (PoS) mechanism of verifying transactions. Simply put, the upgrade introduces staking functionality for users. The official Twitter handle of the blockchain project revealed the plan, on 14 November 2022. During the upgrade, the tweet said, the network’s on-chain activity will be suspended for 12 hours. The upgrade is scheduled to take place at 3 PM UTC. With the upgrade, the network is going to introduce a vote escrow staking model called veDC. When a certain amount of native Dogechain token, DC, is locked in, the staker get rewarded with an equivalent amount of veDC. The longer the lock-in period, the more veDC the user gets. https://twitter. com/DogechainFamily/status/1591994800613752832 Dogechain was launched two months ago. It is called a pseudo Layer-2 because of two reasons. First, it is not officially affiliated with the team behind Dogecoin. Second, it runs on the Polygon Edge network, another Layer-2 built on the Ethereum. Dogechain is true to its identity as a Layer-2 solution though in its intention to support the functioning of Dogecoin (DOGE). According to the white paper released at the time of its launch, Dogechain aims to expand Dogecoin’s utility. Specifically, Dogechain allows DOGE holders to access the ever-growing world of DeFi via its platform. To gain access, users have to stake their DOGE tokens by using smart contracts. In exchange, they receive wrapped DOGE (wDOGE) tokens that can be used for DeFi activities. These wDOGE... --- ### Bengaluru launches world’s first airport metaverse > Bangalore International Airport Limited (BIAL) has launched Metaport, the world’s first airport metaverse. - Published: 2022-11-14 - Modified: 2022-11-14 - URL: https://coinswitch.co/switch/news/bengaluru-launches-worlds-first-airport-metaverse/ - Categories: News - Tags: crypto, news Giving a boost to passenger experience in India’s silicon valley, Bangalore International Airport Limited (BIAL) has launched Metaport, the world’s first airport metaverse. The metaverse will showcase terminal T2, which was inaugurated by Prime Minister Narendra Modi on 11 November 2022. Flyers who are using the airport can dig into the metaverse experience by logging into blrmetaport. com. The website gives users a taste of phygital socializing, shopping, and entertainment. https://twitter. com/0xPolygon/status/1591485002147303424 How India developed the world’s first airport metaverse The Metaport arrives months after Polygon was roped in to bring Web 3. 0 to the aviation industry. In June 2022, Polygon joined the Joint Innovation Centre (JIC) pioneered by Kempegowda International Airport, Bengaluru along with Amazon Web Service (AWS), and Intel India. JIC was created with the aim of enabling startups to accelerate innovation in aviation and build smart infrastructure, utilities, and mobility. The plan was to achieve these goals by providing comprehensive program offerings and a technical platform and letting customers speed up the process of innovation with AWS. The launch of Metaport will strengthen BIAL’s digital roadmap and develop custom solutions for the airport using revolutionary blockchain technology, Artificial Intelligence and Machine Learning (AI and ML), robotics, Augmented Reality/Virtual Reality (AR/VR), cloud computing, and the Internet of Things (IoT). Polygon has been aggressively pursuing the development of Web 3. 0 experiences for some time now. Having partnered with many established brands like Starbucks, Coca-Cola, and Instagram, Polygon is emerging as the preferred platform for such ventures. Early... --- ### Crypto market update: 14 November 2022 > As reports of abnormal transactions in FTX surfaced, fears of a potential hack caused widespread liquidation in the crypto market over the weekend. - Published: 2022-11-14 - Modified: 2022-11-14 - URL: https://coinswitch.co/switch/news/market-update-november-14-2022/ - Categories: News - Tags: crypto, market update, news As reports of abnormal transactions in FTX surfaced, fears of a potential hack caused widespread liquidation in the crypto market over the weekend. The 24-hour liquidation data on Coinglass. com indicates that, as of 14 November 2022, there has been a 133% rise in crypto asset sales across exchanges. The total crypto market cap dropped further as an outcome. It is close to the $800 billion level at press time. Mostly sideways as the events unfolded, Bitcoin (BTC) managed to avoid the sub-$15K level. ETH was seen trading close to the $1,200 level. All top crypto coins have turned a deep shade of red. SOL, in particular, continues to struggle. It has lost over 60% value in the last seven days. Global macroeconomic conditions have improved, thanks to US inflation cooling down to 7. 7% in October 2022. But that won’t help the crypto market as the developments around FTX are likely to remain the defining factor for the next few days. Recovery will take time as regulator scrutiny is likely to increase now. Crypto Fear and Greed Index The Crypto Fear and Greed index, a measure of market sentiments, suggests that extreme fear prevails in the crypto space for now. Gaining two points in the last 24 hours, the index is at 24/100 level. If BTC prices dip, the index may fall to the sub-20 level. Top gainers and losers At publishing time, the top gainers, according to CoinSwitch data, include: Axie Infinity (AXS): +7. 46% DFI. money (YFII):... --- ### What is cryptocurrency fundamental analysis? > Calculating the innate value of cryptos can be difficult. This guide will help you navigate the crypto ecosystem and learn crypto analysis. - Published: 2022-11-14 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-cryptocurrency-fundamental-analysis/ - Categories: Crypto - Tags: crypto background check, FA, fundamental analysis This year was plagued by crypto scams. One of the things that could keep you safe in such a scenario is understanding the fundamentals of the project you’re investing in. That’s why cryptocurrency fundamental analysis is important. It involves looking at a bunch of things that could help you assess whether the project is safe. With fundamental analysis, you can find answers to questions such as: How do you identify good cryptos? Is an investment sound for the long-term What is cryptocurrency fundamental analysis? Trading in complex assets like crypto requires a considerable amount of skill. Acquiring that skill set is easier said than done. However, cryptocurrency fundamental analysis can help you get there. It can give you that edge you need to beat market volatility and generate returns. Fundamental analysis is an approach used to determine the intrinsic value of an asset. This asset could be a business, a publicly traded stock, a mutual fund, or a crypto. It involves looking at several internal and external factors to figure out whether an asset, at its current value, is undervalued or overvalued. Traders can use the information generated to make better trades or investment decisions. Technical analysis, which is the study of charts and trading data, can also yield insights about a business. But the insights generated are of a different kind. Investors using technical analysis can, with a certain degree of accuracy, predict price movements based on previous patterns. Fundamental analysis, on the other hand, focuses more on the... --- ### What is an MACD indicator, and how to use it in crypto trading > Moving average convergence divergence (MACD) is a popular trading indicator, but how does it apply to cryptocurrency? Learn more here. - Published: 2022-11-11 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-an-macd-indicator-and-how-to-use-it-in-crypto-trading/ - Categories: Crypto, Explainers - Tags: MACD crypto, MACD indicator in crypto Investors, analysts, and financial journalists spend a good amount of time trying to understand why markets moved. While they look primarily for news, technical analysts try to make sense of market movements by creating and interpreting charts. Put simply, technical analysis involves analyzing price charts using different mathematical indicators and statistical tools to predict the near-term price movement of an asset. Technical analysis does not lack tools and indicators, yet only a few can match the powerful utility of the Moving Average Convergence Indicator (MACD). Read on to find out how this tool can help you spot profitable trades in the crypto market. What is MACD in crypto? The Moving Average Convergence Indicator (MACD) is an indicator usually used on candlestick charts while performing technical analysis of crypto and equities. The MACD comprises two lines, each representing Exponential Moving Averages (EMAs) of the coin’s price. Note that these lines are calculated by your charting tool in the background and are not displayed by default. The graph shown below will help you visualize how MACD works. The resultant MACD line is calculated by subtracting the 26-period EMA from the 12-period EMA. Another line accompanies the MACD line on a chart. This is a 9-day EMA, which is called the signal line. This is plotted on top of the MACD line, which can function as a trigger for buy or sell signals. Traders tend to buy the crypto when the MACD line crosses above the signal line and sell when it crosses... --- ### On-chain metrics signal impact on Bitcoin prices > Bitcoin prices witnessed signs of an uptick on 11 November. Positive US inflation data might have triggered an upmove. But there is more to it - Published: 2022-11-11 - Modified: 2022-11-11 - URL: https://coinswitch.co/switch/news/on-chain-metrics-signal-impact-on-bitcoin-prices/ - Categories: News - Tags: crypto, news The price of Bitcoin witnessed signs of an uptick on 11 November. Positive US inflation data might have triggered an upmove despite the global crypto space reeling under the impact of the FTX fiasco. However, the worst might not be behind us yet as exchange inflow—a reliable on-chain metric—points to a worrying trend. As of 9 November, exchanges across the globe saw an inflow of 179,786 BTC, according to data from on-chain analytics platform Chainalysis. In fact, the number of BTCs flowing into the exchange is the highest in the last 57 days. Bitcoin exchange inflow and impact on Bitcoin prices: Chainalysis The increase in exchange inflow might mean that people holding BTC are looking to sell, primarily by sending bitcoin to exchanges. Another metric that needs our attention is the “Exchange Withdrawing Addresses. ” The metric concerns people who take their BTCs out of exchanges, hinting at long-term holdings, especially in hardware or cold crypto wallets. Data from Cryptoquant shows that “Exchange Withdrawing Addresses” have dropped over the past week, meaning the concentration of exchange-adhering traders is more than long-term holders. This might be a worrying sign if you are concerned about BTC’s short-term price action. Exchange Withdrawing Addresses: Cryptoquant Increasing exchange inflow and reduction in the withdrawing addresses are tell-tale signs that the Bitcoin price action might not be out of the woods, as of yet. But why are BTC holders exiting? The liquidity crisis, courtesy of the FTX implosion, is forcing the hand of several BTC holders.... --- ### Solana crypto price in focus as token unstaking stalls > The Solana crypto price crash started on 6 November 2022 amid FTX’s SOL dump speculations. - Published: 2022-11-11 - Modified: 2022-11-11 - URL: https://coinswitch.co/switch/news/solana-crypto-price-in-focus-as-token-unstaking-stalls/ - Categories: News - Tags: crypto, news The Solana crypto price crash started on 6 November 2022 amid FTX’s SOL dump speculations. However, the growing FUD around Solana’s token’s unstaking plan further fueled the crash as investors/traders expected the unstaked tokens to move to exchanges for a massive sell-off. To limit the Solana crypto price crash and lower the FUD, Solana Foundation has finally decided to postpone the process of unstaking, without specifying a date. When did the Solana crypto price crash begin? The FUD cycle started on 9 November with the on-chain tool Lookonchain informing the Twitter community about the ongoing unstaking. Here is what the tweet read: https://twitter. com/lookonchain/status/1590285580684128257 As Solana crypto prices were already bleeding, Lookonchain’s revelation worsened the market sentiment—especially at the SOL’s counter. Solana INR price dropped to ₹1,020, leading to its exit from the list of top 10 cryptos by market cap. Solana is currently ranked 12, behind Polygon and Polkadot, according to Coinmarketcap. More about unstaking Unstaking is a standard way for releasing tokens when a stake account or even a validator ceases to exist or loses validation rights. In Solana’s case, unstaking follows an Epoch—roughly a 2-day timeframe. Lookonchain’s Twitter thread revealed that SOL tokens worth $330 million will be unstaked by the end of Epoch 370—a specific timeframe. What triggered users is the fact that unstaked tokens are open to withdrawals or can be sold. If sold, SOL tokens, numbering about 18,775,348 and worth $330 million, could push the prices even lower. However, 18. 77 million wasn’t the... --- ### ETH sees bulk buying, the largest since Ethereum merge > Ethereum prices are in focus again as the blockchain witnessed bulk buying on 10 November 2022, the largest since the Ethereum merge. - Published: 2022-11-11 - Modified: 2022-11-11 - URL: https://coinswitch.co/switch/news/eth-sees-largest-buying-since-ethereum-merge/ - Categories: News - Tags: crypto, news Ethereum prices are in focus again as ETH tokens witnessed bulk buying on 10 November 2022, the largest since the Ethereum merge. On-chain analytics platform Santiment provided the details in a tweet. https://twitter. com/santimentfeed/status/1590435958247550976 The news came as a breather even as the broader crypto space was trying its best to fight the FTX contagion. Santiment’s data revealed that several addresses cumulatively purchased 0. 54% of ETH’s total current supply. All the accumulating wallets had an ETH balance between 100 ETH and 1 million ETH. The total worth of the accumulated ETH came out to be $783 million, going by yesterday’s prices. Large ETH investors and whales added 657,390 ETH tokens to their balances even as the prices dropped amid the FTX drama. The proof of the pudding Backing Santiment’s data were the exchange inflow values, which saw negative figures on 10 November. A tweet by analytics platform Glassnode reveals that ETH valued at $1. 4 billion left exchanges, while only $1. 2 billion worth of tokens flowed in. This metric shows that buyers are still more active than sellers. https://twitter. com/glassnodealerts/status/1590569943221010434 Impact on Ethereum price action Ethereum price action gained some steam in the last 24 hours with ETH surging 7. 19% in the interim. And while the on-chain metrics from Santiment showcase some buying action, the price chart isn’t without its own set of indicators. Ethereum price action post- Ethereum Merge: TradingView The daily chart reveals that ETH bears have managed to guard the 0. 5% Fib extension... --- ### FTX fallout: Tether loses dollar peg briefly > Tether (USDT), the largest stablecoin by market cap, lost its dollar peg last night albeit briefly. There is more to the story - Published: 2022-11-11 - Modified: 2022-11-11 - URL: https://coinswitch.co/switch/news/tether-loses-dollar-peg-briefly/ - Categories: News - Tags: crypto, news Tether (USDT), the largest stablecoin by market cap, lost its dollar peg last night, albeit briefly. The stablecoin dropped as low as 93 cents on certain exchanges when it is mandated to maintain the $1 peg. However, it was a short-lived scare as Tether quickly came back to parity with the US dollar. At press time, USDT is trading at $0. 99, with the peg status intact. With TerraUSD (UST)-triggered market crash in May still remaining fresh in investors’ minds, it is quite natural that even a short depegging instance becomes the talking point of the crypto world. And it wasn’t just USDT that depegged. Decentralized USD or USDD—an overcollateralized and algorithmic stablecoin—couldn’t maintain its peg on 10 November 2022 and dropped to a low of $0. 96—amid the FTX-Alameda crisis. What triggered the depegging of stablecoins? It is speculated that Alameda Research started borrowing USDT on the DeFi protocol AAVE, using USDC as collateral. Eventually, they started dumping or aggressively selling the borrowed USDT on the Curve DEX. This approach created FUD (Fear, Uncertainty, and Doubt) in the market and eventually lowered the liquidity associated with the 3Pool—the largest LP (Liquidity Pool) related to the Curve DEX. The FUD started spreading, and people started dumping their USDT, a usual panic response of the crypto community. All of that increased the concentration of USDT in the 3Pool, which went up to 86%. And with USDT or Tether taking up such a portion of a liquidity pool, liquidity for other assets... --- ### Berlin food outlets now accept Bitcoin payments via L2 > Subway—a popular restaurant chain has started accepting Bitcoin payments in some of its eateries in Berlin. Read more here - Published: 2022-11-11 - Modified: 2022-11-11 - URL: https://coinswitch.co/switch/news/berlin-food-outlet-accept-bitcoin-payments/ - Categories: News - Tags: crypto, news Subway—a popular restaurant chain and the world’s largest franchise in terms of restaurant numbers— has started accepting Bitcoin payments in some of its eateries in Berlin. To begin with, three of its outlets in Berlin will accept BTC. Interestingly, Subway was one of the first in the restaurant business to have experimented with Bitcoin—13 years back—in Moscow. The recent move from Subway is meant to test Bitcoin’s famed L2 solution — the Lightning Network. Franchise owner Daniel Hinze said that he first used crypto five years back. However, it has only been two years since he delved deeper into the concept of bitcoin. Hinze says he would like to further Satoshi’s vision by deploying BTC as a mode of payment across his outlets. What’s more, he is running a weekly discount offer of 50 percent to incentivize customers to make payments in BTC. Who is facilitating the Bitcoin payments? Lipa, a Bitcoin firm based out of Switzerland, is working closely with Hinze to facilitate Bitcoin payments over the lightning network. Hinze has set up a PoS (Point-of-Sale) payment solution using a Lightning-enabled QR code. The payment process is simple: the user can simply scan the code, and the payment happens instantaneously. As of now, Lipa charges 1 percent on every payment, which is cheaper than other traditional methods, according to Bastien Feder, CEO. Feder believes that despite the volatility, he expects crypto payments to rise. Switzerland and Germany have also taken the lead on this front. Over the past few... --- ### Crypto market update: 11 November 2022 > This market update talks about how the broader crypto market turned green on the last day of what has otherwise been a pretty testing week. - Published: 2022-11-11 - Modified: 2022-11-11 - URL: https://coinswitch.co/switch/news/market-update-november-11-2022/ - Categories: News - Tags: crypto, market update, news The broader crypto market turned green on the last day of what has otherwise been a pretty testing week for traders and investors alike. The market is up 6. 90% at press time—desperately trying to reclaim the $900 billion market cap (sitting at $863. 1 billion). The onshore crypto market is up 10. 62%, bringing some relief to crypto enthusiasts. Bitcoin dominance, which is inversely correlated to altcoin growth, is down by a quarter of a percentage point and is holding at 38. 13%. This figure shows that a handful of altcoins have moved faster than BTC during the past few relief sessions. The quick price spurts might mean that the crypto space has finally started to look beyond the FTX contagion. However, the encouraging US inflation data might have propelled cryptos such as BTC, ETH, BNB, and XRP to single- and double-digit gains, day-on-day. The inflation data came in yesterday, and the 7. 7% inflation for the month of October was lower than what economists had expected. Meanwhile, an interesting trend resurfaced. At the time of publishing, the tech-heavy NASDAQ is up 7. 35%, in line with the gains made across the crypto space. Crypto Fear and Greed Index The reputed market sentiment index has been seeing a steady drop this week. However, it entered the “Extreme Fear” zone yesterday, dropping to 22. Today, the Crypto Fear and Greed Index has gained three points to trade at 25. As you can see below, 25 is in the “Fear” zone... --- ### Blockchain intelligence company scores $70 million > TRM Labs, a leading blockchain intelligence company, has managed to raise $70 million in a Series B funding round. - Published: 2022-11-10 - Modified: 2022-11-10 - URL: https://coinswitch.co/switch/news/blockchain-intelligence-company-scores-70-million/ - Categories: News - Tags: crypto, news TRM Labs, a leading blockchain intelligence company, has managed to raise $70 million in a Series B funding round. The investment round was led by Thoma Bravo, a leading software investment firm. Other participants included Goldman Sachs and previous TRM investors such as PayPal Ventures, Amex Ventures, and Citi Ventures. The expansion follows TRM’s initial raise of $60 million led by Tiger Global in December 2021. The total capital raised is now $130 million in total. TRM’s blockchain intelligence solutions support investigations and analysis of crypto-related fraud and financial crime worldwide. They are are used by law enforcement agencies, regulatory bodies, tax authorities, and financial intelligence units. TRM’s existing clientele includes crypto and financial companies like Circle, Shopify, MoonPay, OpenSea, and Uniswap. The investment in the solution provider of many law enforcement groups comes at a time when the crypto space has been hit by a series of scams and hacks. In fact, blockchain research firm Chainalysis revealed that there has been a 58. 3% increase in hacks this year, as of August. The blockchain intelligence company plans to use the recently acquired funds to improve its services. Additional strategic investments will be made for product development and talent acquisition, in particular, according to the press release published on TRM’s website. TRM will also focus on meeting the demand for its incident response services and training programs. The company has already acquired CSITech, a crypto and blockchain investigative firm. It launched Chainsbuse, a free community-powered scam reporting platform sometime after... --- ### What is a digital signature in cryptography? > Digital signatures in cryptography are security functions. Read this to learn how they help blockchains maintain data integrity and security. - Published: 2022-11-10 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-is-a-digital-signature-in-cryptography/ - Categories: Crypto - Tags: blockchain security, crypto, cryptographic digital signatures As an adult, you probably hate having to sign things. Think of all those pages and pages of documentation. Digital signatures came in to make life a little easier—verifying your identity at the click of a button or the tap of a screen. Fast forward a little more and you arrive at the topic at hand. Digital signatures in cryptography offer better security and therefore confidentiality than their ancestors. Meant for the modern, digitally proficient user, cryptography-based electronic signatures do the same things as hand-crafted ones. What are digital signatures? Digital signatures, in cryptography, are basically the electronically encrypted counterpart of a physical signature. They are security functions used to tie an entity or a person to some piece of digital data. To put it simply, they act like a signature for messages. Such digital signatures employ algorithms to verify the truthfulness and integrity of digital messages or documents while protecting sensitive key information. In order to interact with a smart contract or send crypto to someone, you must create a digital signature. So such signatures are a key component of any blockchain. They help maintain data integrity by preventing malicious actors from impersonating you. What is the Digital Signature Standard in cryptography? So far we know that cryptography is used to create this type of modern-day digital signature and that it helps check the authenticity and integrity of data. Now let’s dive in further and understand the basic standards that guide its use. The Digital Signature Standard (DSS) is... --- ### MetaMask launches bridge aggregator tool for wallet users > In an attempt to enable cross-chain transactions, crypto wallet service provider MetaMask has launched a new tool for its wallet. - Published: 2022-11-10 - Modified: 2022-11-10 - URL: https://coinswitch.co/switch/news/metamask-launches-bridge-aggregator-tool-for-wallet-users/ - Categories: News - Tags: crypto, news In an attempt to enable cross-chain transactions, crypto wallet service provider MetaMask has launched a new tool for its wallet: a bridge aggregator called “MetaMask Bridges. ” The beta version of the aggregator is live to all MetaMask users via the Portfolio dApp, which was launched in September this year. Portfolio dApp allows MetaMask to view assets across multiple accounts and networks in one place. The news about the new tool was announced by ConsenSys, the blockchain software technology company behind MetaMask, on 9 November. Commenting on the development, ConsenSys said that the launch of Portfolio dApp and the latest integration reaffirms the company’s commitment to expanding blockchain interoperability (the ability to do cross-chain transfers). MetaMask seems to be upping its game with a series of new features and products. In addition to the Portfolio dApp, MetaMask launched a new NFT portfolio tracking service powered by NFTBank. The new service, which saw the light of day just a few days ago, is an NFT portfolio management tool and valuation engine. Key features of MetaMask Bridges The primary function of the new tool, of course, is to enable users to move tokens from one blockchain network to another with little hassle. It does this by eliminating the need for research to find a reliable bridge. MetaMask Bridges supports several blockchains compatible with the Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, BNB Smart Chain, and Polygon. Ether and Wrapped Ether (wETH), major stablecoins, and native gas tokens can all be transferred using... --- ### Everything you need to know about the FTX-Binance saga and how it affects SOL > Solana, one of the main cryptos to have been affected by the turmoil surrounding FTX and Binance, is witnessing major price movements. - Published: 2022-11-10 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/everything-you-need-to-know-about-the-ftx-binance-saga/ - Categories: Crypto - Tags: binance, FTX, SOL Solana, one of the main cryptos to have been affected by the turmoil surrounding FTX and Binance, is witnessing major price movements. Solana’s native token SOL is down 31. 96% in the last 24 hours, according to CoinMarketCap Data. It is trading at $14. 12 as of 10 November 2022 at 3. 38 pm. As a result, SOL lost its spot among the top 10 cryptos by market cap to Polygon (MATIC). The crypto moguls saga: A quick recap Here is a quick account of the series of spats between FTX and Binance that led to SOL’s current market condition. Binance and FTX are two of the largest centralized crypto exchanges in the world. The former was launched by Changpeng “CZ” Zhao in July 2017, and the latter by Sam Bankman-Fried and Gary Wang in May 2019. Sam Bankman-Fried, aka, SBF, had also founded Alameda Research, a quantitative digital-assets trading firm in October 2017, before FTX, but a few months after Binance’s launch. Now in those early days, CZ saw an opportunity in FTX and invested in the exchange. Eventually, in 2021, Binance exited its FTX shares for BUSD and FTT (FTX’s native exchange token) worth $2. 1 billion. Long story short: Binance ended up with a large amount of FTT tokens. Then, on 2 November 2022, CoinDesk accessed the balance sheet of Alameda Research, the crypto research firm founded by SBF. And this is what showed up: A massive chunk of Alameda’s holdings were in FTT. Not Bitcoin, not... --- ### Hit by FTX turmoil, Solana turns a deeper shade of red > Solana native token SOL is down 31.96% in the last 24 hours, according to CoinMarketCap, and is currently trading at $14.83 - Published: 2022-11-10 - Modified: 2022-11-10 - URL: https://coinswitch.co/switch/news/hit-by-ftx-turmoil-solana-turns-a-deeper-shade-of-red/ - Categories: News - Tags: crypto, news Solana (SOL), one of the main cryptos to have been affected in the FTX turmoil, is continuing to plummet. Solana native token SOL is down 31. 96% in the last 24 hours, according to CoinMarketCap, and is currently trading at $14. 83. In addition, SOL lost its spot among the top 10 cryptos by market cap to Polygon (MATIC). Just a few days ago, Google cloud computing division announced that it is running a validator node on the Solana blockchain. Following that, SOL saw a 12% spike, hitting a high of $38. 55, but subsequent developments have cause its price to fall. The backstory in brief It all began when news of FTX’s possible liquidation began to do the rounds. Analysts began to speculate that Alameda might need to sell some of its SOL tokens to raise liquidity. As a result, SOL’s price slipped by 10. 81% on 8 November. Binance Chain CEO Changpeng Zhao’s proposal to acquire rival FTX propelled it to cross the $30 mark for a while. But Binance backed out on the acquisition in less than 24 hours. The staking side of the story Meanwhile, the Total Value Locked (TVL) on the Solana chain has dropped 32. 4% in the last 24 hours, according to DefiLlama. TVL includes assets locked in as part of staking, lending, and liquidity pools. At publishing time, Solana’s TVL has fallen to $423. 68 million—a massive decline from its all-time-high of $10. 17 billion in November 2021. As a result of... --- ### Messi to endorse and invest in blockchain-based fantasy gaming platform > Lionel Messi has decided to throw his weight behind fantasy gaming company Sorare as an ambassador and investor. - Published: 2022-11-10 - Modified: 2022-11-10 - URL: https://coinswitch.co/switch/news/messi-to-endorse-and-and-invest-in-blockchain-based-fantasy-gaming-platform/ - Categories: News - Tags: crypto, news Lionel Messi, the renowned Argentinian football legend, has decided to throw his weight behind fantasy gaming company Sorare as an ambassador and investor. Sorare’s fantasy soccer game is built on blockchain technology. The news came to light on 9 November. Subsequently, the French gaming platform confirmed the development with a tweet. With this move, Messi, a player in the popular French soccer club Paris Saint-Germain, is following in the footsteps of other athletes who have forayed into the Web 3. 0 space, including teammate Kylian Mbappé. American tennis legend Serena Williams is another well-known sportsperson to have assumed an ambassadorial position with Sorare. Messi himself is no stranger to the crypto and Web 3. 0 space. The seven-time Ballon d'Or award winner has earlier tied up with the NFT fan token platform, Socios. As part of that two-year deal, Messi was due to receive part of his salary in $PSG fan tokens, a crypto developed by Socios for Paris Saint-Germain. What do we know about the Messi-Sorare deal? Nicolas Julia, Sorare’s CEO and co-founder, told CNBC that the partnership with the soccer star marks a huge milestone for the company. The company expects that the collaboration will create new content and fan experiences as part of the new association, she added. Details are yet to emerge about Messi’s role as an investor—the other part of the Sorare deal. The size of his holdings, for instance, have not yet been disclosed. More about Sorare Speaking to CNBC in the light of... --- ### Crypto market update: 10 November 2022 > As investors responded to news of Binance backing out of the FTX acquisition, the crypto market took a massive hit on 9 November 2022. - Published: 2022-11-10 - Modified: 2022-11-10 - URL: https://coinswitch.co/switch/news/crypto-market-update-november-10-2022/ - Categories: News - Tags: market update, news As investors responded to news of Binance backing out of the FTX acquisition, the crypto market took a massive hit on 9 November 2022. With a 14% slump, the total crypto market cap shed $122. 7 billion to end the day at $753. 9 billion. All top cryptos by market cap registered huge losses as the day progressed. Solana (SOL), the token that has been caught in the middle, plunged the most. After losing 38. 6% of its value yesterday, SOL fell out of the top 10. Following SOL, Binance Chain (BNB) and Ripple (XRP) also encountered massive losses of 18. 61% and 18. 14%, respectively. With all the turmoil, the crypto market decoupled from the Nasdaq Composite Index. Nasdaq was in for a marginal loss of 2. 48%. The crypto market is expected to remain bearish in the day ahead. The FTX story remains the focal point for the third consecutive day. Crypto Fear and Greed Index Thanks to the FTX liquidity crunch, the Crypto Fear and Greed Index, which gauges market sentiments, fell to 22/100. The move indicates that market continues to stay in the “Extreme Fear” zone. On 8 November, the index was at 29/100. A return to 40 is needed for the index to move into the neutral zone. Screenshot of Crypto Fear and Greed Index Key coins Yesterday, Bitcoin (BTC) stooped to a new low since November 2020, as losses gathered on the broader crypto landscape. With a 14. 20% loss to its name, BTC... --- ### What is bankruptcy? > Bankruptcy is a legal lifeline for debtors. Consumers and companies file for it to lessen their debt burden. Here's how it works - Published: 2022-11-10 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/personal-finance/what-is-bankruptcy/ - Categories: Personal Finance - Tags: bankruptcy In simple terms, an individual or a business files for bankruptcy when they are unable to repay their debt or honor their financial obligations. The default can be due to financial problems, such as a lack of income, or legal issues, such as facing a lawsuit. In most cases, bankruptcy is a last resort—it's used when all other options are exhausted. Sometimes, declaring bankruptcy may allow individuals and businesses to start afresh by wiping away any outstanding debt or restructuring business operations to regain financial stability. It would be helpful to understand the bankruptcy process and the potential consequences. Which kind of bankruptcy would work for me? There isn't a one-size-fits-all solution. Individual and business situations are unique. However, knowing your options will help you make informed decisions about how best to proceed based on your financial situation. Types of bankruptcies There are various reasons why someone might file for bankruptcy, but the goal is always the same—to clear debt and get back on track. Before we dig in, it is important to note that different countries have varying bankruptcy filing procedures. A bankruptcy filing in India, for instance, will immediately hurt your credit rating. Consequently, you will find it tough to avail of a new loan though you will be protected from creditors. In 2016, the Indian Parliament passed the Insolvency and Bankruptcy Code, a landmark legislation to overhaul the bankruptcy procedure in India. However, the IBC largely serves corporate entities as the process for individual filing has yet... --- ### NCSoft partners with Web 3 firm to launch blockchain games > To bring more blockchain games into the mix, South Korean gaming company NCSoft has joined hands with Mysten Labs, a Web 3.0 firm. - Published: 2022-11-09 - Modified: 2022-11-09 - URL: https://coinswitch.co/switch/news/ncsoft-partners-with-web-3-firm-to-launch-blockchain-games/ - Categories: News - Tags: crypto, news In what looks like an attempt to bring more blockchain games into the mix, South Korean gaming company NCSoft has joined hands with Mysten Labs, a Web 3. 0 firm. For the unversed, Mysten Labs is the brain behind Sui, a layer-1 blockchain meant for creators. NCSoft has put in $15 million in Mysten Labs. The investment is part of the $300 million funding gig, planned by Mysten Labs in September. However, it is important to note that NCSoft investment isn’t a direct approach to launch Blockchain games at a clip. Instead, the $15 million investment will focus on developing the Sui blockchain further, primarily for leveling the playing field for all other Web 3. 0 games. The partnership shows that despite the bear market, funders have been bullish on blockchain games. More about NCSoft and Mysten Labs If you have played games like Guild Wars and Lineage, it is likely that you would have heard about NCSoft. The company has been developing and launching popular online games since 1997. However, this is only the second instance when the company has moved towards Web 3. 0 exposure, especially by investing in an infrastructure development firm — Mysten Labs. Yet, this isn’t NCSoft’s first Web 3. 0 rodeo. In November 2021, the company announced the introduction of NFT-based blockchain games in 2022, with a Play-to-Earn model at its core. Why Sui? NCSoft’s latest investment in Mysten Labs might aim at furthering the 2021 plan. And more than Mysten Labs, the investment... --- ### Japanese mobile giant NTT Docomo mulls Web 3.0 foray > Japanese mobile operator NTT Docomo plans to foray into Web 3.0 and has set aside investments worth $4.1 billion to explore the opportunity. - Published: 2022-11-09 - Modified: 2022-11-09 - URL: https://coinswitch.co/switch/news/japanese-mobile-giant-ntt-docomo-mulls-web-3-0-foray/ - Categories: News - Tags: crypto, news Japanese mobile operator NTT Docomo plans to foray into Web 3. 0 and has set aside investments worth $4. 1 billion to explore the opportunity. The company plans to work closely with Accenture to speed up the adoption, Nikkei Asia reported. However, this isn’t the first time that a telecom major has dipped its toes in the Web 3. 0 waters. Spanish telecom firm Telefonica began accepting crypto-specific payments in September. Before opening the crypto payment avenue, Telefonica worked closely with Polygon (MATIC) to launch an NFT marketplace. NTT Docomo’s plans to adopt Web 3. 0 furthers the vision of other global firms that recognize crypto and its Web 3. 0 use cases. How will NTT Docomo play the Web 3. 0 game? The mobile operator has earmarked a war chest of $4. 1 billion for the Web 3 project, which would be spread out over a period of six years. Docomo even plans to open a Web 3. 0-focused business arm in 2023 with four focus areas related to enablement: an asset exchange, token issuance gig, security, and a crypto wallet. However, developing the Web 3. 0 infrastructure will remain a priority for the firm. NTT Docomo also has plans to work alongside Astar, a smart contract firm with multi-chain exposure, and Accenture to further the scope and quality of the Web 3. 0 services. Collaborating with Astar will further Docomo’s vision of embracing Web 3. 0, as the former connects multiple exchanges and focuses on interoperability. The mobile... --- ### AVAX crypto prices in focus as Avalanche Rush gets a makeover > Avalanche is collaborating with the decentralized exchange prop up AVAX crypto prices and intensify DeFi interest. - Published: 2022-11-09 - Modified: 2022-11-09 - URL: https://coinswitch.co/switch/news/avax-crypto-prices-in-focus-as-avalanche-rush-gets-a-makeover/ - Categories: News - Tags: crypto, news Avalanche (AVAX), a popular smart contracts ecosystem, is upgrading Avalanche Rush — a liquidity mining program with a focus on incentives. Avalanche is collaborating with the decentralized exchange GMX_io to make Avalanche Rush a tool to prop up the price of AVAX crypto and intensify DeFi interest. The initiative involving Avalanche Rush assumes significance as Avalanche’s DeFi space is witnessing TVL (Total Value Locked) degrowth. Avalanche Rush came to the fore in 2021 as a $180 million program for liquidity miners but hasn’t taken off since. With GMX coming into the mix, the Rush ecosystem will benefit as liquidity pools will get to earn from trading. Here is a Twitter post that illustrates Avalanche’s excitement: https://twitter. com/avalancheavax/status/1589641828303003649 Can a revamped Avalanche Rush impact AVAX crypto prices? Past experience shows that growth in TVL helps propel specific cryptos. Something similar happened with Polygon when it trounced Solana to take up the fifth place on the DeFi roll of honor in August. Since then, Polygon (MATIC) crypto prices have been on an upward trajectory. With trading coming to Avalanche Rush — courtesy GMX — Avalanche aims to alter its DeFi standing. Currently, Avalanche is ranked fifth on the TVL list despite a 13. 88% week-on-week dip against its name, according to DefiLlama. Avalanche is one of the more promising DeFi projects and has over 268 protocols built into it. The current TVL is at $1. 15 billion, and as you can see, it is breathing down Polygon’s neck for the 4th place.... --- ### BAYC founders back secondary NFT royalties > Yuga Labs has come down heavily on OpenSea’s stance against creator royalties on secondary NFT sales. Here is more to the story - Published: 2022-11-09 - Modified: 2023-01-16 - URL: https://coinswitch.co/switch/news/bayc-founders-back-secondary-nft-royalties/ - Categories: News - Tags: crypto, news Yuga Labs—the brain behind the famous NFT collection Bored Ape Yacht Club—has come down heavily on OpenSea’s stance against creator royalties on secondary sales. The founders of Yuga Labs has proposed a DAO-based model, allowing creators more control over the handling of sales. The discussion was set into motion when OpenSea — a reputed NFT marketplace — mentioned in a Twitter thread that it might stop enforcing royalties on the secondary sales of NFTs. OpenSea mentioned that only on-chain enforcement for creator royalties makes sense as it is a more transparent approach toward creator monetization. Here is the Twitter thread for your reference: https://twitter. com/opensea/status/1589058770646491136 OpenSea also announced the launch of a new on-chain royalty enforcement resource, which would only be valid for new collections. Why did the move trigger NFT creators? With its calculated move to enforce NFT royalties on-chain, OpenSea takes a veiled jibe at royalties from secondary sales. This might be the NFT marketplace’s way of saying that they aren’t going to track secondary NFT sales and stay away from concerned royalty enforcements. The move triggered several NFT creators, and the founders of Yuga Labs amplified the voice of creators. In a blog, Yuga Labs founder Gordon Goner condemned the move and even came up with a technical solution for making life easier for creators and even marketplaces like OpenSea. He, along with the co-founders and digital fashion hub 10KTF, has proposed the deployment of an allowlist model for the same. This model will be community governed,... --- ### Polygon onboards DeFi aggregator Bebop > Bebop—a popular DeFi aggregator with a focus on institutional trading—is all set to launch services on the Polygon network. - Published: 2022-11-09 - Modified: 2022-11-09 - URL: https://coinswitch.co/switch/news/polygon-onboards-defi-aggregator-bebop/ - Categories: News - Tags: crypto, news Bebop—a popular DeFi aggregator with a focus on institutional trading—is all set to launch services on the Polygon network. With this move, Bebop expects to make use of Polygon’s low transaction costs and top-notch scalability. The sustainable and eco-friendly proof-of-stake model is yet another reason for choosing Polygon, Bebop said in a press release. Lately, Polygon has been at the center stage of crypto innovation, working closely with big names like Meta on its new Instagram-specific NFTs. JPMorgan, a traditional banking giant, even initiated its first DeFi transaction on Polygon last Wednesday. More on Bebop Bebop is a Decentralized Exchange (DEX) aggregator ideated by trading firm Wintermute. The decentralized entity started services on the Ethereum blockchain in June 2022 and is finally extending its interoperability mission by launching on Polygon. Bebop aims to allow users to swap one crypto for another, or even more than one, without experiencing any slippage. This is expected to assist traders in a fast market when entering and exiting positions are priorities. With its Polygon foray, Bebop now has exposure to two major crypto ecosystems. What’s more, it has plans to expand across multiple blockchains and make DeFi aggregation a more interoperable offering. In an email response to The Block, the team mentioned that Bebop plans to enable swaps across multiple chains in the long term. The communication said that the company plans to break down the complexities of the blockchain space for a standard user — all while making a usable product available. Currently,... --- ### Crypto market update: 9 November 2022 > Some cryptos like Binance Coin (BNB) and Solana (SOL) initially surged after the FTX-Binance proposal went public only to drop further. - Published: 2022-11-09 - Modified: 2022-11-09 - URL: https://coinswitch.co/switch/news/market-update-november-9-2022/ - Categories: News - Tags: crypto, market update, news With Tuesday being one of the more volatile days for crypto, thanks to the crisis in crypto exchange FTX and the related purchase proposal made by rival Binance, impact spillovers were expected. Some cryptos like Binance Coin (BNB) and Solana (SOL) initially surged after the purchase deal proposal went public only to drop further. The broader crypto market, therefore, didn’t have the brightest start on Wednesday morning. The overall market cap is down by 11. 42% at press time. Meanwhile, Bitcoin dominance continues to remain flat for the second consecutive day—at 38. 62%. Falling Bitcoin dominance is often good news for altcoins in a rising market. Nasdaq and S&P 500 are trading marginally in the green—up 0. 49% and 0. 56%, respectively, at publishing time. A crypto-equity decoupling could therefore be in the offing. So while the FTX-Binance conversation is currently driving the market, it may be interesting to see what the US Consumer Price Index (CPI) data yields tomorrow. Gold, on the other hand, is trading at a deficit of 0. 33%. Crypto Fear and Greed Index Sentiment-wise, the market isn’t doing better than yesterday. The Crypto Fear and Greed Index is currently at 29. That’s a two-point drop since 8 November 2022. However, we are still in the “Fear” zone—the 25-49 quadrant. The “Extreme Fear” territory starts below 25. The Fear and Greed Index standing shows that the market might recover if a positive sentimental driver comes along. Currently, the social media chatter is all about FTX and... --- ### Queen of the Netherlands supports digital euro > The digital Euro has found a new supporter in Queen Máxima of the Netherlands. The Queen said she was encouraged by the European Central Bank’s work in launching a digital euro. - Published: 2022-11-08 - Modified: 2022-11-08 - URL: https://coinswitch.co/switch/news/queen-of-the-netherlands-supports-digital-euro/ - Categories: News - Tags: crypto, news The digital Euro has found a new supporter in Queen Máxima of the Netherlands. Attending a European Commission (EC) conference virtually, the Queen said she was encouraged by the European Central Bank’s work in launching a digital euro. The queen’s remarks come as part of an EC conference pushing for a legislative framework for a digital euro, on 7 November. The conference is titled “Towards a legislative framework enabling a digital euro for citizens and for businesses. ” The Queen has been known to use her public standing to advocate for financial technology as a means of inclusion. For instance, she made a similar remark last month. She is also the United Nations Secretary-General’s special advocate for inclusive finance for development. Additional details on Queen Máxima’s view Elaborating her views on the subject, Queen Máxima said that a digital euro could encourage financial inclusion among underserved communities by circumventing roadblocks, including transaction fees and documentation requirements. A central bank digital currency could help reduce the cost of remittances in the European Union, according to the regent. Furthermore, calling upon all of the European Union to envision a better future with a financial system that is open, inclusive, and responsive to the needs of all groups, the Queen reinforced the need to build a digital euro that works for all Europeans. However, the Queen did emphasize the need for regulations. The digital currency, she said, will require policy reforms and safeguards “to address difficulties and risks. ” The making of the... --- ### SOL takes a beating over asset concerns at trading firm Alameda > Solana (SOL) fell by over 18% in a 24-hour span as concerns emerged over the quality of assets held by trading firm Alameda Research, a sister company of crypto exchange FTX. - Published: 2022-11-08 - Modified: 2022-11-09 - URL: https://coinswitch.co/switch/news/sol-takes-a-beating-over-asset-concerns-at-trading-firm-alameda/ - Categories: News - Tags: crypto, news Update: On 8 November 2022, Binance—the crypto exchange led by Changpeng Zhao—proposed to acquire rival FTX. The move comes amid the reported liquidity crunch as crypto firms and traders pulled money from FTX. The announcement initially propelled a dropping market—with SOL crossing $30 within minutes of the news breaking out. However, the gains flatlined shortly. At the time of this update (9 November 2022), SOL is trading at $20. 62 — down 4. 62% in the past hour. This is a developing story. Please check back for more updates. “Ethereum killer” Solana (SOL) fell by over 18% in a 24-hour span as concerns emerged over the quality of assets held by trading firm Alameda Research, a sister company of crypto exchange FTX. With losses for two consecutive days now, SOL is down by 10. 81% at publishing time and was priced at $28. 4. FTT, a token issued by FTX, also fell by over 18%. A brief background of the crisis Alameda Research is a prominent trading firm and market maker founded by Sam Bankman-Fried, who is also the CEO of FTX. While the two businesses function independently, rumors abound over their close relations. Last week, a CoinDesk report revealed that Alameda held $14. 6 billion in assets and $8 billion in liabilities. Significantly, the report said, of this $3. 66 billion consisted of FTT tokens. FTT token holders get discounts on trading fees and other benefits on FTX. The “Private financial document” cited by CoinDesk further showed that Alameda... --- ### US Department of Justice seizes BTC stolen a decade ago > Bitcoin (BTC) stolen in the Silk Road case was recovered by the United States Attorney’s Office for the Southern District of New York. - Published: 2022-11-08 - Modified: 2022-11-15 - URL: https://coinswitch.co/switch/news/us-department-of-justice-seizes-btc-stolen-a-decade-ago/ - Categories: News - Tags: crypto, news After a decade-long wait, a massive amount of Bitcoin (BTC) stolen in the well-known Silk Road case was finally recovered by the United States Attorney’s Office for the Southern District of New York on 7 November. The accused in the case, James Zhong, pleaded guilty to charges on 4 November. Law enforcement, the US Department of Justice revealed, was able to seize over 50,676 BTC in November 2021. The BTC had been hidden in devices in defendant James Zhong’s Georgia home. During the 10 years that the BTC stayed hidden, its value had grown to $3. 3 billion, US Attorney Damian Williams said. The seized funds would now be worth about $1. 1 billion In addition, the Internal Revenue Service special agents that raided Zhong’s property also found 11 BTC, $661,900 in cash, and 25 Casascius coins worth roughly 174 BTC. According to US Attorney Damian Williams, “good old-fashioned police work” and “state-of-the-art cryptocurrency tracing” could be credited for the stolen BTC being recovered. The recovery of the stolen BTC heralds another success as far as tracking crypto crimes goes. In recent times, the crypto industry has been struck by a slew of hacks and exploits, but recoveries have been making news too. Recently, $30 million worth of crypto lost in the Ronin hack was recovered. The hack-hit Mango DAO and Transit Swap too saw significant recoveries. About Silk Road Launched in 2011, Silk Road is widely regarded as the first darknet market. It allowed users to buy and sell... --- ### What is a crypto cipher? > A crypto cipher is a set of specified instructions that may be used to encrypt or decode a text message in cryptography. Know more about it. - Published: 2022-11-08 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-a-crypto-cipher/ - Categories: Crypto - Tags: cipher crypto, crypto cipher Ciphers are to the blockchain what engines are to airplanes. In fact, crypto ciphers give the blockchain its most important feature security. Let’s dig in to understand how ciphers function and the different types—with specific reference to crypto. What is a cipher in crypto? Cryptocurrencies are named for a reason cryptography is a big part of what they do. Transactions are recorded in real-time on the blockchain, which is the foundation of all crypto. Information about these transfers—wallet addresses, timestamps, confidential identity markers—need to be protected from prying eyes. But how? Enter ciphers. Cryptographic ciphers use mathematical techniques to achieve complete secrecy. Once something has been encrypted, only authorized people can access it. For those who like their history, Julius Caesar used substitution to encode his messages, where he replaced each letter with another three letters down the alphabet. For instance: Ordinary text: VITALIK BUTERINCiphertext: YLWDOLN EXWHULQ As you can see, it is tough to decrypt a message without first knowing the cipher to encrypt it. This is a case of a symmetric cipher, where the same key can be used to both encode or decode the ordinary text. What is the purpose of a cipher? Most cipher algorithms involve using a piece of private information, which is the ‘key’ to the encryption. The scheme of encryption varies from system to system—symmetric or asymmetric. Symmetric encryption requires only a single key, while asymmetric needs two. Modern cryptographic methods are mostly used by computers. However, evidence suggests that they were used... --- ### Ethereum cofounder launches new crypto project > Anthony Di Iorio, one of the co-founders of Ethereum, the world’s second largest crypto by market cap, unveiled a new blockchain project. - Published: 2022-11-08 - Modified: 2022-11-08 - URL: https://coinswitch.co/switch/news/ethereum-cofounder-launches-new-crypto-project/ - Categories: News - Tags: crypto, news Anthony Di Iorio, one of the co-founders of Ethereum, the world’s second largest crypto by market cap, unveiled a new blockchain project on 8 October 2022. Di Iorio, who is also the cofounder of the gaming ecosystem Decentral and blockchain wallet Jaxx Liberty, spent the last decade envisioning, designing and building the project called “Andiami. ” The project was kicked off as part of a two-day Web3 and Blockchain World (W3B) summit in Toronto. With his latest, Di Iorio joins the ranks of other Ethereum cofounders who launched their own blockchain projects. He follows in the footsteps of two fellow cofounders at Ethereum: Gavin Wood, the man behind Polkadot, and Charles Hoskinson, who launched Cardano. However, unlike his precursors’ products, Cardano and Polkadot, Di Iorio’s brainchild is not meant to rival Ethereum. Instead, it was created to complement the second-largest crypto by market cap and to promote decentralization. The latest launch blends game theory with cutting-edge hardware to bring blockchain computers to a wider audience. About Andiami The project timeline extends to 2025. It involves the launch of tokens and a new protocol. At its core is the idea of shipping 3,000 console units known as Cubes to people worldwide. The people to receive these units will be chosen randomly from a white list. Di Iorio describes the Cubes as Xbox-like devices that will counter blockchain centralization. They aim to do this by enabling crypto users to run nodes (computers) with little to no technical expertise. The first phase, slated... --- ### Crypto no longer in list of top 10 financial risks: Report > Crypto is no longer in the top 10 financial risks for the US, according to a central bank survey conducted by the Federal Reserve Bank of New York. - Published: 2022-11-08 - Modified: 2022-11-08 - URL: https://coinswitch.co/switch/news/crypto-no-longer-in-list-of-top-10-financial-risks-report/ - Categories: News - Tags: crypto, news Crypto is no longer in the top 10 financial risks for the US, according to a central bank survey conducted by the Federal Reserve Bank of New York. The report stated 14 factors that pose a financial risk, and crypto stands only at the 11th position. While crypto may have missed being included in the top 10 risks list, the survey reiterates the US central’s anti-crypto position while evaluating the risks with this digital asset. Most of the top crypto by market valuation, including Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), Cardano (ADA), and Ripple (XRP) are down about 69% in value, the survey said, compared to the last November bull market 2021 peak. The infamous implosion of the Terra ecosystem, which has caused collateral damage to the entire crypto market, is also mentioned in the survey. The entities that had direct exposure to TerraUSD ended up landing themselves in financial troubles.   Source: Federal Reserve Bank of New York survey Proponents of traditional finance often dismiss crypto for the associated financial risks. So the news about this virtual digital asset taking the backseat on the top 10 list could help take some of the heat off the crypto ecosystem. The continued efforts of major stakeholders in the crypto space to educate the masses seem to have contributed to removing some of the “risky asset” stigma. The change is also reflected in the rise in the number of companies and individuals migrating to the Web 3. 0 space. The latest... --- ### Crypto market update: 8 November 2022 > Most top cryptos by market cap spent a significant amount of time in the red yesterday, 7 November 2022. - Published: 2022-11-08 - Modified: 2022-11-08 - URL: https://coinswitch.co/switch/news/crypto-market-update-november-8-2022/ - Categories: News - Tags: crypto, market update Most top cryptos by market cap spent a significant amount of time in the red yesterday, 7 November 2022. Solana (SOL) registered the highest losses, tumbling by 9. 19% amid speculation that it might get dragged into the ongoing drama surrounding FTX exchange and Alameda Research. The overall market too experienced a bearish session, as a result. After hovering around the 1 trillion market cap for the past couple of days, the crypto market cap slid down to $974. 8 billion yesterday. A total loss of $7. 2 billion was incurred. The upcoming US Consumer Price Index (CPI) report is a significant economic indicator that could influence the Fed. With the lack of economic indicators to influence the market, investors are counting on this week’s US CPI report to test buyer appetite. On the heels of the report, the crypto market decoupled from the tech-heavy Nasdaq. While the crypto market traded in the red, the Nasdaq Composite Index rose by 0. 85%. Crypto Fear and Greed Index The Crypto Fear and Greed Index, which indicates overall crypto market sentiment, slipped two points down, slipping into the Fear territory. The Index fell from the 33/100 mark, recorded during the previous session, to 31/100. The Index would need to avoid landing below the 30/100 level to support a move into the neutral zone. Key coins Bitcoin (BTC), the world’s largest crypto by market capitalization, witnessed a marginal loss of about 1. 54% yesterday. However, despite it, BTC managed to stay above the... --- ### Vitalik names a new stage in Ethereum’s road map, post-Merge > Ethereum co-founder Vitalik Buterin revealed the updated technical roadmap of Ethereum, adding a new stage called “The Scourge” - Published: 2022-11-07 - Modified: 2022-11-07 - URL: https://coinswitch.co/switch/news/vitalik-names-a-new-stage-in-ethereums-road-map-post-merge/ - Categories: News - Tags: crypto, news In a Twitter post on November 5th, Ethereum co-founder Vitalik Buterin revealed the updated technical roadmap of Ethereum, adding a new stage called “The Scourge” to the list of six technical upgrades. Post the successful merge of the Ethereum network with the Beacon Chain on 15 September, Ethereum developers are working on enabling the next update called “The Surge,” which will increase the transaction speed to 100,000 transactions per second through the introduction of rollups. https://twitter. com/VitalikButerin/status/1588669782471368704 The Scourge is the new third stage which has a primary goal to “ensure reliable and credibly neutral transaction inclusion and avoid centralization of network and protocol risks from MEV. ” Vitalik’s focus on credibly neutral transactions comes from the fact that under the Proof-of-Work (PoW) consensus mechanism, miners used to select transactions to be placed on the block according to the gas fee, which often led to network congestion and higher gas fees. The phenomenon is called MEV or miner extractable value. Therefore, to eliminate the risks arising from MEV, Ethereum Foundation implemented EIP-1559, or the burning of transaction fees to discourage miners from prioritizing transactions based on gas fees. In order of priority of upgrades over the next 6 to 12 months, Ethereum developers are working on enabling Beacon Chain withdrawals, censorship-resistance upgrades, and Proto danksharding (EIP-4844). After the Twitter post, neither Vitalik Buterin nor the Ethereum foundation has not shared many details about The Scourge and by when it is expected to be implemented. The next three stages are “The... --- ### Miners flock to Litecoin even as mining difficulty surges - Published: 2022-11-07 - Modified: 2022-11-07 - URL: https://coinswitch.co/switch/news/miners-flock-to-litecoin-even-as-mining-difficulty-surges/ - Categories: News - Tags: crypto, news After Ethereum made an exit from the resource-intensive mining process to verify transactions and add blocks to the chain, the miners largely focused on mining Bitcoin. Yet, there are a few crypto coins in the market that are still attracting a lot of miners and one such is Litecoin. On 4 November, Litecoin’s foundation made a post on Coinmarketcap, mentioning that the Litecoin mining difficulty has reached a record high of 18 million hashes and has become more decentralized. According to coinwarz. com, the Litecoin mining difficulty has reached 18. 66 million hashes. Source: Coinwarz The higher the mining difficulty rate, the more computing resources will be required to achieve consensus and find a block. This leads to a fierce competition among miners to mine the blocks quickly. Like its parent, Litecoin has 84 million mineable coins, and close to 71. 5 million coins are already mined and in circulation. Litecoin uses ASIC (application-specific integrated circuit) to mine new coins. In the last one month, the price of Litecoin (LTC) has appreciated by over 33%, reaching a high of $72. 61, compared to Bitcoin (BTC), which is only up by over 8% during the same period. LTC’s all-time high level is $387, recorded in May 2021. Last Wednesday, the price of Litecoin spiked by over 13% in a single day after payments-giant MoneyGram said that it will soon allow US customers to buy and sell BTC, ETH, and LTC on its platform. Litecoin halving slated for 2023 A bitcoin fork... --- ### Digital currency can settle forex transactions in 15 seconds: Study > The Federal Reserve’s New York chapter released the first phase results of Project Cedar, a project that focused on testing various use cases of wholesale CBDC - Published: 2022-11-07 - Modified: 2022-11-07 - URL: https://coinswitch.co/switch/news/digital-currency-can-settle-forex-transactions-in-15-seconds-study/ - Categories: News - Tags: crypto, news The Federal Reserve’s New York chapter on Friday released the first phase results of Project Cedar, a project that focused on testing various use cases of wholesale central bank digital currency (wCBDC). The project found that the blockchain-enabled payments system settled foreign exchange transactions in less than 15 seconds. The experiment was conducted by N. Y. Fed’s New York Innovation Center (NYIC). The 12-week project focused on the development of a wholesale CBDC prototype and examined the potential application of distributed ledger technology in enhancing the functioning of cross-border payments. The report released on 4 November summarizes the problem statement, hypothesis, design, and results of the experiments conducted in Phase 1. It examined if the use of blockchain technology could improve the speed, cost, and access to cross-border wholesale payments. While all the payment systems functioned well, the research identified opportunities for improvement around the settlement. Some of the notable findings of the experiments are detailed below. Faster payments: Project Cedar found that its distributed ledger system can settle FX transactions in under 15 seconds on average. The current system can take up to two days to settle most FX spot trades. Atomic settlement: The simulated ledger network enabled atomic settlement, meaning both side transactions (debit and credit) were settled simultaneously or not at all. This greatly reduced the risks that counterparties in the transactions face in the traditional system. Safe and accessible transactions: The distributed system enabled payments on a 24/7, 365- day basis. It supported objectives related to... --- ### What is a cryptographic hash? > Cryptographic hash varies in terms of functions and applications. Read to know how it works and how to make hashing more secure. - Published: 2022-11-07 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-a-cryptographic-hash/ - Categories: Crypto - Tags: cryptographic hash, hash algorithm A cryptographic hash is a function that enables miners to validate a block on the blockchain. Every block has a limit, so once a block is full after nodes verify all transactions, an encrypted alphanumeric code called ‘hash’ is generated. Miners have to randomly guess the code to validate the block. A hash enables users to store passwords in a database securely. It also ensures the integrity and authentication of data. Furthermore, it facilitates scalability by organizing content and files to increase efficiency. While hashes generally have a fixed length, they become more complex as time passes, making the guessing game even harder. What are cryptographic hash functions? Essentially, a hash function performs core cryptographic operations called hashing to make sure that the hash keeps the network secure. In other words, a hash function is a cryptographic algorithm that picks inputs of any size and converts them into a unique output of a fixed length. The output is known as a hash digest, hash value, or hash code, which is also the unique identifier. Hash functions are dynamic identifiers of data, ensuring that the data is not altered or tampered with. Hash does a thorough check to ascertain that no two pieces of data have the same hash digest, and in case of any changes, the hash digest changes as well. In other words, hashing is a way to ensure that any data you send reaches your recipient intact and unaltered. Hashing performs this task by inputting plaintext data and... --- ### Circle invests in BlackRock-managed reserve fund to back USDC > Circle, the issuer of the second-largest stablecoin USDC, said that it has started investing in a Circle Reserve Fund (USDXX), managed by BlackRock - Published: 2022-11-07 - Modified: 2022-11-07 - URL: https://coinswitch.co/switch/news/circle-invests-in-blackrock-managed-reserve-fund-to-back-usdc/ - Categories: News - Tags: crypto, news Circle, the issuer of the second-largest stablecoin USDC, said that it has started investing in a Circle Reserve Fund (USDXX), managed by BlackRock, the world’s largest asset manager. The fund is a part of Circle’s effort to minimize the risks associated with stablecoins and guarantee USDC holders to redeem their coins. The Circle Reserve Fund is registered under Rule 2a-7 government money market fund. BlackRock will keep the funds in cash and short-dated US Treasuries. The fund will only be available to Circle and would use parts of the proceeds (interest income from short-dated US Treasuries) to buy new Treasury holdings and store them under the custody of BNY Mellon. “We expect the reserve composition will continue to be approximately 20% cash and 80% short-duration U. S. Treasuries”, according to the Circle blog post. Circle started the investing process on 3 November and is expected to finish by the end of the first quarter of 2023. It may be recalled that Circle had entered into an investment agreement with BlackRock, Fin Capital, Fidelity Management, and Marshall Wace LLP in mid-April 2022 and received an investment commitment of $400 million. Since the Terra-LUNA crash and the failure to re-peg the UST stablecoin, stablecoin majors including Tether have moved to minimize the risks associated with the stablecoin business. For instance, Tether has removed commercial papers from its portfolio and its reserves are now fully backed by cash and US securities. Circle’s recent move will lend more confidence to holders and will expand... --- ### Big deal for Solana as Google Cloud becomes a validator > Google’s cloud computing division announced on Saturday that it is now running a validator node on the Solana blockchain - Published: 2022-11-07 - Modified: 2022-11-07 - URL: https://coinswitch.co/switch/news/big-deal-for-solana-as-google-cloud-becomes-a-validator/ - Categories: News - Tags: crypto, news Google’s cloud computing division announced on Saturday that it is now running a validator node on the Solana blockchain and in coming months, it is going to add more features to it. In a Twitter thread, the tech major said that it also plans to add the Blockchain Node Engine to the Solana chain in 2023. For the uninitiated, a Blockchain Node Engine (BNE) is a fully managed node-hosting service that minimizes the quantum of work needed to become a validator of any network. Google Cloud will wholly manage, monitor, and maintain the operations of BNE. You can learn more about BNE here. For context, Google Cloud’s BNE already supports the Ethereum blockchain. At Solana’s Breakpoint conference in Lisbon, Google Web3 product manager Nalin Mittal said that they want to make BNE a one-click system to run a Solana or any other node in a cost-effective way. The firm also announced that it has started indexing Solana data and is adding it to its BigQuery data warehouse. It will help developers on Solana’s blockchain to access historical data and the feature will be made available to developers in the first quarter of 2023. A shot in the arm for Solana Solana’s founder Anatoly Yakovenko welcomed the initiative, hoping that it will provide a big push to the development of the Solana blockchain. He said that Google can help with “hard engineering problems” and build better software development kits (SDKs) to speed up the development of applications and address the unsolved... --- ### Crypto market update: 7 November 2022 > The broader crypto market displayed resilience over the weekend with Bitcoin and Ethereum providing support. - Published: 2022-11-07 - Modified: 2022-11-07 - URL: https://coinswitch.co/switch/news/market-update-november-7-2022/ - Categories: News - Tags: crypto, market update, news The broader crypto market displayed resilience over the weekend with Bitcoin and Ethereum providing support. The total crypto market cap continued to hover above the $1 trillion level, which helped improve investor confidence. However, at the end of Sunday’s session, the market is showing a bit of weakness with slight selling pressure seen in all the top 10 cryptos. BTC’s three-day winning streak, which pushed its price above the $21,000 level, came to an end and the top crypto is trading near its major support, closer to the $20,800 level. ETH, the second-largest crypto by market cap, also showed a similar trend and is trading below the $1,600 level. Among the top 10 cryptos, SOL and DOGE are the top losers and are down by 8. 86% and 5. 44%, respectively, in the last 24 hours. MATIC, the top gainer, added over 35% over the past week. Monday’s session is likely to be uneventful in the absence of triggers from both the markets—global equities market and the crypto market. Accordingly, the market is expected to look for any signals from the members of the Federal Open Market Committee, a branch of the Federal Reserve, regarding the quantum of future interest rate hikes. Such chatter may provide short-term direction to the market. In the final hours of Monday’s session, the crypto market is likely to follow the Nasdaq’s movement for some clues. Last Friday, Nasdaq closed the day with a 1. 28% gain, which helped the market to stay in the... --- ### Unusual activity on Gala sparks rug pull fears and 25% price fall > fears of a rug pull dragged the platform’s native token GALA down by over 25% for a while on 3 November. - Published: 2022-11-04 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/unusual-activity-on-gala-sparks-rug-pull-fears-and-25-price-fall/ - Categories: News - Tags: crypto, news Chaos surrounded Gala Games on Thursday evening as fears of a rug pull dragged the platform’s native token GALA down by over 25% for a while on 3 November. Panic began to plague the market after a single wallet address appeared to have minted GALA tokens worth around $2 billion out. The affair came to light when the tokens were dumped on decentralized exchange PancakeSwap. Once the unusual activity came to public notice, the value of GALA tokens to drop. The price went from $0. 0394 to $0. 0293 over a 120-minute period. Crypto watchdog, PeckShield, was the first to identify the party behind the mint and flag the issue. The bad actor, pNetwork, provides routing infrastructure for DeFi and gaming tokens, including GALA. To dispel investor fears, Gala took to Twitter with the aim of reassuring users. Explaining the developments, Gala Games President Jason Brink said that pNetwork was trying to empty the liquidity pool using the newly minted tokens to safeguard itself from a potential vulnerability. He urged investors to not panic and recommended that they stop buying $pGALA on PancakeSwap. https://twitter. com/BitBenderBrink/status/1588301866290786304 Confirming the development in a separate tweet, pNetwork said that pGALA was not safe anymore. It did, however, mention that funds are safe. The multi-chain routing platform asked users to not transfer or buy/sell pGALA on PancakeSwap, and to prevent an exploit, it even coordinated a white hat attack. Gala Games, too, confirmed that all user assets on the cross-chain bridge and on Ethereum are... --- ### Unique active wallets increase in October: DappRadar report > The average number of UAW blockchain dapps reached 2.01 million, according to the report. That’s an increase of 6.84% over September. - Published: 2022-11-04 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/unique-active-wallets-increase-in-october-dappradar-report/ - Categories: News - Tags: crypto, news Signifying some hope in the midst of the ongoing winter, a DappRadar report suggests that the average number of Unique Active Wallets (UAWs) has increased in October. The average number of UAW blockchain dapps reached 2. 01 million, according to the report. That’s an increase of 6. 84% over September. The rise in the number of UAWs has been due to multiple factors. Lido, the liquid staking platform on ETH, for instance, was integrated with Layer-2 protocols like Arbitrum and Optimism. The integration resulted in a 501% and 83% increase for the two protocols, respectively. A partnership between Near Foundation and Google Cloud too caused a 1,332% increase in UAWs. DeFi picking up Another noteworthy development in October is that the decentralized finance (DeFi) space showing signs of recovery. After consecutive month-on-month falls in Total Value Locked (TVL) in DeFi platforms, October saw a 5. 33% increase from the previous month. The TVL touched $83 billion last month. Ethereum remained the top chain with a TVL worth $51 billion. BNB Chain came in second with $8. 3 billion. Is the NFT market recuperating? Meanwhile, 1. 18 million unique traders reportedly entered the Non-Fungible Token (NFT) market last month. The surge amounted to an increase of 18% since September. The NFT space has been having a tough time for a while now, so the development comes as a surprise. However, NFT trading volume decreased by 30% from September. The volume reached $662 million last month—the lowest amount to be recorded in... --- ### Goldman Sachs to develop a new crypto classification system for institutional investors > Goldman Sachs has partnered with global index provider MSCI Inc. and crypto data firm Coin Metrics to develop a crypto data service. - Published: 2022-11-04 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/goldman-sachs-to-develop-a-new-crypto-classification-system-for-institutional-investors/ - Categories: News - Tags: crypto, news In a bid to standardize the global crypto industry along the lines of the broader financial industry, Goldman Sachs has partnered with global index provider MSCI Inc. and crypto data firm Coin Metrics to develop a data service. The new data service has been named Datonomy. It will seek to classify hundreds of digital assets that are traded on the market. The division will put digital assets into different classes, sectors, sub-sectors, depending on their utility and how they are used. It is meant to give institutional investors a granular view of occurrences in the crypto market, allowing hedge funds and portfolio managers to analyze emerging assets better. Market participants can use the service to track trends in different segments of crypto, including smart contracts and decentralized finance, and screen various other digital assets. The data feed will also allow portfolio managers to create investment products and themes based on each of the segments. Crypto assets have undergone continuous evolution since their introduction in 2009. Their value exploded during the pandemic, with the total market cap touching $3 trillion last year. The market only shrunk a little due to Fed-fueled interest rate hikes, which sucked liquidity out of the system. The investment and banking giant is trying to help institutional investors keep up in this scenario. The framework should be useful because digital assets require constant tracking of performance and proactive risk management, according to Anne Marie Darling, head of client strategy for Goldman’s Marquee platform. “Given our commitment to... --- ### Early-access list out for Fidelity’s free crypto trading platform > Fidelity is expanding its crypto offerings by inviting applications for the early-access list of its new product, Fidelity Crypto, - Published: 2022-11-04 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/early-access-list-out-for-fidelitys-free-crypto-trading-platform/ - Categories: News - Tags: crypto, news Writing a new chapter in the story of how traditional financial institutions approach crypto, investment giant Fidelity is expanding its crypto offerings. The company, which manages over $9. 9 trillion in assets, invited applications for the early-access list of its new product, Fidelity Crypto, on 3 November 2022. Fidelity Crypto is a crypto trading platform designed for retail users in the US to buy, sell, and secure Bitcoin (BTC) and Ether (ETH) with as little as $1. The platform will integrate both your traditional and crypto investments all in one place, a new update from the company reveals. https://twitter. com/Fidelity/status/1588131515900231680 The company has been taking baby steps into the world of crypto. Fidelity Investments recently launched an Ethereum Index Fund for its institutional and HNI clients. The fund offers investors exposure to ETH. The company also allowed its employees to save 20% of their retirement money in Bitcoin earlier this year. The development puts Fidelity in direct competition with all other leading crypto exchanges in the United States. The new crypto offering will be powered by its subsidiary, Fidelity Digital Assets. Fidelity will not be charging any commission on trades in the beginning. However, there will be a 1% spread on every trade. Spread is the difference between the buy and sell price quoted for assets. Despite being offered by a mainstream financial institution, Fidelity Crypto will not allow direct bank-to-crypto transfers to fund the Fidelity Crypto account. Users will have to fund the account through individual and joint Fidelity... --- ### JPMorgan uses Polygon blockchain to execute first DeFi transaction > JPMorgan Chase & Co. executed its first DeFi live trade on 2 November 2022. - Published: 2022-11-04 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/jpmorgan-uses-polygon-blockchain-to-execute-first-defi-transaction/ - Categories: News - Tags: crypto, news Investment banking company JPMorgan Chase & Co. executed its first DeFi live trade on 2 November 2022. The bank first tokenized 100,000 Singaporean dollar deposits and SBI Digital Asset Holdings tokenized Japanese yen. The trade was executed using the Ethereum sidechain network, Polygon, and a modified version of the Aave protocol’s smart contract code. This was the first-ever cross-border tokenized forex transaction. The transaction marks a significant step toward integration of traditional finance and decentralized finance (DeFi). The transaction was executed as part of the pilot study program with Singapore’s central bank Monetary Authority of Singapore (MAS). The pilot study was aimed at developing an understanding of how traditional financial institutions can use tokenized assets and blockchain protocols to facilitate transactions. It is also meant to explore other use cases of the underlying technology. For the first testing phase, JPMorgan’s blockchain division for wholesale payments—called Onyx—partnered with Singapore’s DBS Bank, Singapore Exchange’s digital asset platform Marketnode, Singaporean global investment company Temasek, and Japan’s SBI Digital. Standard Chartered Plc. and HSBC Holdings are also part of the pilot study program that has been named Guardian. As part of the following trial, DBS and SBI traded against liquidity pools of tokenized government bonds. For this, they used tokenized SDG from DBS and Singapore Government Securities bonds. SBI did the same for Japanese bonds and tokenized yen. “A live cross-currency transaction involving tokenized JPY and SGD deposits was successfully conducted. In addition, a simulated exercise was performed involving the buying and selling of... --- ### Crypto market update: 4 November 2022 > It was a mixed session for the crypto market on Thursday. The total crypto market cap hovered just above the $1 trillion level, showing a bit of resilience amid tumultuous market conditions. - Published: 2022-11-04 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/market-update-november-4-2022/ - Categories: News - Tags: crypto, market update, news It was a mixed session for the crypto market on Thursday. The total crypto market cap hovered just above the $1 trillion level, showing a bit of resilience amid tumultuous market conditions. BNB has been continuing its upward movement. It is up by 3. 8%. MATIC coin is up by 13. 54% after JPMorgan and Instagram chose the blockchain for DeFi and NFT-related transactions. The gains have had something to do with the surge in trading volumes. Meanwhile, DOGE is witnessing a bit of selling pressure from the top, joining the league of losers. It is down by over 10%. BTC and ETH were mostly sideways during yesterday’s session. They are currently close to their key support levels of $20,200 and $1,500 respectively. The fact that US economic indicators have fallen short of expectations has left its impact. In October, for instance, the ISM Non-Manufacturing PMI fell from 56. 7 to 54. 4, and the ISM Non-Manufacturing Employment Index fell from 53. 0 to 49. 1. The prices index rose from 68. 7 to 70. 7. All of this has resulted in a volatile session in the US stock market. Nasdaq closed the day with a 1. 73% loss to its register. This impacts buyer appetites negatively. As we enter the weekend, a slowdown in trading activity may keep the crypto market sideways, in a very tight range. Crypto Fear and Greed Index The Crypto Fear and Greed Index, which measures the overall market sentiment, remained flat for the third... --- ### US-based investor in crypto hedge funds goes bust > Protocol Ventures LP, a US-based investor in crypto hedge funds, will close down and return cash amid the downtrend in the market for digital assets. - Published: 2022-11-03 - Modified: 2022-11-03 - URL: https://coinswitch.co/switch/news/us-based-investor-in-crypto-hedge-funds-goes-bust/ - Categories: News - Tags: crypto, news The crypto bear market has taken its toll on another investor. Protocol Ventures LP, a US-based investor in crypto hedge funds, will close down and return cash amid the downtrend in the market for digital assets, Bloomberg reported on 3 November. Unfortunately, the latest shutdown follows several other companies in the crypto market that went bust during the downturn. Singapore-based Three Arrows Capital filed for bankruptcy in July, while crypto lender Celsius Network filed for Chapter 11 bankruptcy protection around the same time. Besides, crypto companies are laying off staff and freezing withdrawals, raising concerns in the market. Other firms that shut shop include Voyager, Zipmex, Vauld, Hodlnaut, and Core Scientific. The global market capitalization of the crypto sector has fallen to around $1 trillion from over $3 trillion a year ago, according to CoinGecko. Protocol Ventures is expected to close by the end of this year or the first quarter of 2023, according to the Bloomberg report. The firm, one of the leading fund of funds in the crypto asset class, reportedly sent notices to investors at the end of October about the move. About Protocol Ventures Protocol Ventures is a fund of crypto hedge funds founded in 2017 by entrepreneur and venture capitalist Rick Marini. Protocol Ventures has invested in the likes of Multicoin Capital, Pantera Capital, and Electric Capital. The Fund's decision to wind up comes as Protocol reportedly lost as much as 90% over the past year. --- ### South African retailer extends BTC payments to more outlets > South African grocery and clothing retailer Pick n Pay said its customers can now use Bitcoin to purchase groceries. - Published: 2022-11-03 - Modified: 2022-11-03 - URL: https://coinswitch.co/switch/news/south-african-retailer-extends-btc-payments-to-more-outlets/ - Categories: News - Tags: crypto, news South African grocery and clothing retailer Pick n Pay said its customers can now use Bitcoin to purchase groceries. About 39 of its stores are now accepting Bitcoin (BTC) payments, the company announced on 1 November. After the success of an initial pilot that began with 10 locations five months ago, the number of stores now totals 39. The food retailer plans to accept BTC payments at all its stores in the coming months. With almost 2,000 stores across the country, it could provide a big boost to crypto adoption in the country. To put things in perspective, Pick n Pay has come a long way in its journey to accept the world's pioneering crypto as the payment method. The company initially tested Bitcoin payments at a staff canteen in 2017. However, the project did not take off due to the blockchain technology's limitation at that time. Nonetheless, it served as a proof of concept, according to a Business Insider report. Fast forward to 2022, the blockchain technology that powers cryptos like Bitcoin has evolved and improved, eliminating roadblocks. To ensure payments are affordable and fast, Pick n Pay reportedly uses the Bitcoin Lightning Network, which ensures faster transactions. Pick n Pay initially partnered with Bitcoin wallet Electrum and crypto conversion calculator CryptoConvert to enable customers to pay for items via the Bitcoin Lightning Network. The second stage of the company's nationwide rollout will allow its customers to pay for items using "trusted apps" on their smartphones. Pick n Pay... --- ### Mint, show, and sell NFTs, all on Instagram > Instagram is set to introduce many NFT-related tools that allow creators to mint and sell NFTs on its platform and outside. - Published: 2022-11-03 - Modified: 2022-11-03 - URL: https://coinswitch.co/switch/news/mint-show-and-sell-nfts-all-on-instagram/ - Categories: News - Tags: crypto, news Instagram is set to introduce many nonfungible token (NFT)-related tools that allow creators to mint and sell NFTs on its platform and outside. The world's first photo-sharing app is staying true to its purpose and is coming up with an upgrade—this time with the integration of blockchain technology. Instagram parent company Meta announced the integration of the tools on 2 November during its Creator Week 2022 event. Meta took to their official blog to throw more light on the NFT toolkit. With the NFT creation tool, creators will be able to "make their own digital collectibles on Instagram and sell them to fans on and off Instagram. " According to the blog post, the toolkit to create NFTs on Instagram will be built on the Polygon blockchain. And the NFTs can be easily bought directly within Instagram. While the Gram community waits for this tool to go live, Meta said the new features would be tested with a small group of creators in the US first, with plans to expand to other regions. However, the company did not announce a launch date. Meta’s NFT interface for Instagram. Source: Meta Creators such as photographer DrifterShoots, visual artist Ilse Valfré, and artist Amber Vittoria are among those selected for early access to the new Instagram NFT features. Moreover, Instagram will be expanding the types of digital collectibles that creators can showcase on Instagram, including videos and pull metadata such as names and descriptions for select NFT collections from the NFT marketplace OpenSea.... --- ### Philippines bank launches BTC, ETH trading for retail customers > The Union Bank of the Philippines has launched a pilot program to launch crypto services for its clients to trade Bitcoin and Ethereum. - Published: 2022-11-03 - Modified: 2022-11-03 - URL: https://coinswitch.co/switch/news/philippines-bank-launches-btc-eth-trading-for-retail-customers/ - Categories: News - Tags: crypto, news The Union Bank of the Philippines has launched a pilot program to launch crypto services for its clients in collaboration with METACO, a Swiss technology company. Under the program, select retail customers of the UnionBank will be able to trade Bitcoin (BTC) and Ethereum (ETH). METACO announced that UnionBank had gone live on its flagship platform, Harmonize, in a post made on its website on 2 November. Harmonize is Metaco's digital asset platform. The initiative follows a popular trend among major banks around the world that are adopting crypto services. UnionBank has been actively exploring the crypto industry in recent years. Its new initiative is a significant step toward the bank's exploration of blockchain technology. It follows the Philippine bank's similar digital asset initiatives, such as launching its own stablecoin for remittance payments. Besides, the bank became the first Philippine bank to enter the metaverse in April, a sign of its willingness to explore the Web3 space. The announcement comes after Philippine President Ferdinand Marcos underlined the importance of adopting blockchain technology to master digital banking and transactions at the opening of UnionBank's Innovation Campus. Henry Aguda, Chief Technology & Operations Officer and Chief Transformation Officer at UnionBank, lauded the partnership as "being the first regulated bank in the country to allow digital currency exchange feature for clients. " In a joint announcement, he said METACO has been critical in the bank's goal to provide customer-centric services to the Philippine market. METACO's Harmonize allows UnionBank to securely explore a range... --- ### NFTs are wash traded, but there is a fix > The lack of well-defined rules has provided a perfect opportunity for wash traders to capitalize on FOMO that NFTs have caused in the past year. - Published: 2022-11-03 - Modified: 2023-05-09 - URL: https://coinswitch.co/switch/opinion/nfts-are-wash-traded-but-there-is-a-fix/ - Categories: Opinion - Tags: NFT Wash trading—unless you are new to capital markets, you have likely heard this term. In traditional finance, it is illegal but not an uncommon phenomenon. Wash trading refers to an activity where a trader or a group of traders collude to buy and sell a security multiple times to create a false impression of interest in it. This interest, thus, contributes to the value of the asset. In nearly every country, such activity is barred, and stock market traders are penalized if found guilty. That is not the case for crypto assets and non-fungible tokens (NFTs). Both the byproducts of blockchain technology are yet to be regulated. For those unaware, NFTs refer to the tokens on the blockchain that are unique and non-interchangeable. You could compare them to highly collectible trading cards, paintings, or one-of-a-kind jewelry, except they are all digital. However, the use cases of NFTs lie far beyond their aesthetics and collectibility attributes. In 2021, NFTs became one of the most popular commodities to purchase, not just within the crypto community but amongst GenZs and millennials across the globe. However, with the hype came illicit activities, including wash trading. The lack of well-defined rules has provided a perfect opportunity for wash traders to capitalize on FOMO that NFTs have caused in the past year. How is wash trading done? Typically, an NFT seller or a group of traders repeatedly trades an NFT from one wallet to another to artificially inflate asset prices. For example, if a trader has... --- ### Watch out for Game of Thrones NFTs, Season 1 > Warner Bros. Discovery (WBD) and HBO have teamed up with NFT platform Nifty’s to launch NFTs based on the popular series. - Published: 2022-11-03 - Modified: 2022-11-03 - URL: https://coinswitch.co/switch/news/watch-out-for-game-of-thrones-nfts/ - Categories: News - Tags: crypto, news Game of Thrones is getting a digital makeover. Warner Bros. Discovery (WBD) and HBO have teamed up with NFT platform Nifty to launch NFTs based on the popular HBO series. The NFT collection dubbed "Game of Thrones: Build Your Realm" is a collaboration with digital production company Daz 3D. Daz 3D is best known for launching NFT projects for CloneX by Murakami and RTFKT, DC’s Bat Cowl Program, and the Friendship Box NFT for Coca Cola. Nifty, the popular NFT marketplace, announced the GoT-inspired digital collectibles on their blog website on 2 November. NFTs seems to be the flavor of the season. CoinSwitch had reported on 22 September that Warner Brothers had teamed up with lifestyle brand Funko to launch an NFT collection based on DC Comics. Jeff Marsilio, CEO and co-founder of Nifty, commented on the rationale behind choosing to launch Game of Thrones NFTs. He said rarely a film or television series comes along that pushes the boundaries of its genre. GoT has changed the creative landscape and has become a part of our collective cultural identity, Marsilio added. By launching the NFTs, the creators aim to expose the massive fan base of the famed television series to the world of digital collectibles. At the same time, it allows fans to immerse themselves in the show's magical world, enhancing the overall fan experience, according to Josh Hackbarth, Head of NFT Commercial Development for Warner Bros Discovery. Recreate your virtual GoT realm While an official launch date was not... --- ### Crypto market update: 3 November 2022 > The broader crypto market lost steam after it managed to hold on to the $1.02 trillion market cap early on Wednesday. - Published: 2022-11-03 - Modified: 2022-11-04 - URL: https://coinswitch.co/switch/news/crypto-market-update-november-3-2022/ - Categories: News - Tags: market update, news The broader crypto market lost steam after it managed to hold on to the $1. 02 trillion market cap early on Wednesday. The total crypto market cap fell by $20. 8 billion and ended 2 November with $951. 6 billion. After a significant upside, Dogecoin (DOGE) tumbled by 10. 16%. Other top cryptos by market cap too lost value, including Solana (SOL), which fell 4. 35%. Other underperformers included Ethereum (ETH) and Cardano (ADA), with losses of 3. 81% and 3. 74%, respectively. However, Bitcoin (BTC), the largest crypto by market cap, managed to limit its loss to 1. 63%. BTC also avoided dipping below the psychologically important $20,000-mark for the eighth day in a row. As expected, the Federal Reserve’s rate hike announced on Wednesday weighed on the crypto market. The rate increase, followed by Fed Chair Powell's hawkish comments, dragged the tech-heavy NASDAQ Composite Index down by 3. 36% on 2 November, pulling the crypto market deep into negative territory. Key coins The largest and second-largest cryptos by market cap lost value as markets turned choppy yesterday. Bitcoin fell by 1. 63% in yesterday's session, following a modest 0. 04% loss on Tuesday. BTC ended the day at $20,721, according to CoinMarketCap. BTC is currently trading at $20,321. Ethereum is down by 2. 41% in the last 24 hours, trading at $1,552 at the time of writing. Crypto Fear and Greed Index The Crypto Fear and Greed Index, an index that measures the overall market sentiment, remained flat... --- ### Lights out for Aptos-based DeFi project after botched fundraiser > Arco Protocol, an ambitious DeFi lending project on the new Aptos mainnet, has gone offline. Read more to know the deets - Published: 2022-11-02 - Modified: 2022-11-02 - URL: https://coinswitch.co/switch/news/aptos-based-defi-project-offline/ - Categories: News - Tags: crypto, news Arco Protocol, an ambitious DeFi lending project on the new Aptos mainnet, has gone offline after a fundraiser went south in an unexpected way. Soon after the protocol started its Initial DEX Offering (IDO) sale, concurrent deposits from 300 people led to network congestion. The incident seems to have caused some panic among users. A smart contract glitch was behind the congestion. Smart contracts play a significant role in the launch of new DeFi projects. The IDO came to effect on 29 October 2022 at 5. 30 pm IST. Soon after, complaints started pouring in. Several users reported not having received the project’s native token, ARC. The platform intended to offer staking and lending services to users, with Aptos’s infrastructure leading the way. It happens to be one of the few projects to have used Aptos for their mainnet. What did Acro do to handle the problem? The Acro team made changes to the smart contract, adding parallel distribution functionality. They even promised to send the ARC tokens manually. Further, in a Twitter thread from 30 October, Acro apologized to its users. The team has, however, also made known their disappointment on the media labeling them scammers. The company behind the protocol even opened a Twitter poll with three options, in response. Users were asked to vote on Refund, Trust, and 100% Community Handling as part of the poll. “We don’t trust, Refund” received the most (49. 60%) votes. Acro: What’s the latest update? Several Acro partners ended their relationship... --- ### Deribit exchange hit by crypto hack, loses $28M > Funds to the tune of $28 million were drained in the crypto hack from the crypto exchange Derbit. Read more to know what happened. - Published: 2022-11-02 - Modified: 2022-11-02 - URL: https://coinswitch.co/switch/news/deribit-exchange-hit-by-crypto-hack/ - Categories: News - Tags: crypto, news The hot wallet of Deribit—a crypto exchange known for its futures and options offerings—was recently hacked. Funds to the tune of $28 million were drained in the crypto hack. In a Twitter statement that was released after the incident, the company emphasized client fund safety and blocked withdrawals for now. The company reserves will bear the losses, the tweet suggests. https://twitter. com/DeribitExchange/status/1587701883778523136 The company has confirmed that it remains in a “financially sound position” and that its ongoing operations will not take a hit. Deribit is, unfortunately, only the latest addition to the list of hacks. The rise in the number of crypto hacks and rug pulls this year has been causing much alarm for much of this year. October has been the worst month for the space as it witnessed 11 DeFi hacks, causing losses worth $718 million. The silver lining, though, is that some funds have been recovered in a few instances this year. What to expect after the crypto hack The exchange was hacked on 1 November 2022, just before midnight. While the incident is still under investigation, the company put out a Twitter statement the same day, clarifying what is to be expected. Deribit’s statement mentions that addresses specific to cold storage remain unaffected. The company claimed that it had been following a safety-specific approach and had deposited 99% of its user funds across cold storage addresses for some time. Going by current reports, it appears that only the USDC, ETH, and BTC hot wallets were... --- ### Dogecoin price remains steady despite major investor offloading > Despite the mass sell-off, Dogecoin price has remained surprisingly steady. The price was, in fact, up 107%, week-on-week. Read more, here. - Published: 2022-11-02 - Modified: 2022-11-02 - URL: https://coinswitch.co/switch/news/dogecoin-steady-despite-investor-offloading/ - Categories: News - Tags: crypto, news Dogecoin, Elon Musk’s pet memecoin, is experiencing massive offloading. The top 50 investors have let go of 761 million tokens, valued at around $110 million, in the last seven days alone, according to the on-chain analytics platform Lookonchain. However, despite the mass sell-off, Dogecoin’s price has remained surprisingly steady. The price was, in fact, up 107%, week-on-week. As many as 21 million DOGE tokens were liquidated in the last 30-day period. The data suggests that the top 50 DOGE holdings comprise almost 63. 70% of the circulating supply. This translates to 66. 50% of Dogecoin’s market capitalization. The Lookonchain Twitter thread also threw up some other interesting insights. The analysis shows that some leading crypto exchanges have been profiting from the turn of events, over the past seven days. DOGE price action and the offloading While the Lookonchain data shows a 30-day offloading trend, a large chunk of it happened last week. The reason was that investors (HODLers) cashed out their profits from Dogecoin’s recent price rally. The dog-themed memecoin’s price rose after its patron Elon Musk acquired Twitter last week. The prices dipped a little after a while, but the now famous Elon Musk DOGE tweet (see below) from yesterday calmed a few nerves. https://twitter. com/elonmusk/status/1587297730631696384   Was it all offloading? Although DOGE offloading took centerstage, a handful of the top 50 investors even used the opportunity to buy in. Between 31 October 2022 and 1 November 2022, they bought 484 million tokens, priced at $70 million. There were... --- ### What is a fiduciary, and why does it matter in investment? > Fiduciary is a notion that can help you better understand investing. Read about it and the significance of terms such as fiduciary money here. - Published: 2022-11-02 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-fiduciary-and-why-does-it-matter-in-investment/ - Categories: Personal Finance - Tags: fiduciary, fiduciary duty Making sense of the market is not easy. The wide use of jargon and vague-sounding financial terms makes the task all the more difficult. Yet, a basic understanding of some of these terms is essential. This blog post will discuss “fiduciary,” a term not fully understood by investors, and some related terms such as fiduciary duty and fiduciary money. Let’s dig in. Understanding fiduciaries A fiduciary is an individual or organization that has the legal right to act and make decisions on behalf of the client. In other words, a fiduciary should act in the best interests of clients. The fiduciary has a bond of trust with the client and must avoid conflicts of interest. For example, a fiduciary firm cannot promote its interest above the clients’ interest, such as making an investment that goes against the clients’ investment objective. In finance, the role of a fiduciary is limited to investment recommendations like buying and selling of investment assets that best suit the client. What is fiduciary duty? Fiduciary duty refers to the relationship between the fiduciary and the client/beneficiary on whose behalf the fiduciary acts. The fiduciary relationship is comparable to the attorney-client engagement or a guardian-ward bonding. The fiduciary duty involves acting in the best interests of the client and maintaining care, loyalty, good faith, confidentiality, prudence, and proper disclosure in client relationships. A breach of fiduciary duty occurs when the fiduciary fails to act in the best interests of the client. What is fiduciary money? Fiduciary money... --- ### What are interest rates, and why are they important? > We are all familiar with home loan Interest rates. Interest rates are expressed in percentage terms and are calculated on an annual basis. - Published: 2022-11-02 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/personal-finance/what-are-interest-rates-and-why-are-they-important/ - Categories: Personal Finance - Tags: home loan interest rate, interest rates On a personal level, we are all familiar with home loan interest rates, which impact us directly. In a larger context, interest rates are instrumental in steering the course of the global economy—be it economic growth or a slowdown in growth. Let’s dig in. Understanding interest rates In the financial world, interest rates refer to the cost of borrowing money and returns offered on depositing money with a bank or financial institution or investing in debt securities. Interest rates are always expressed in percentage terms and are calculated on an annual basis. Therefore, if you are a borrower, the interest rate is the amount of money the lender charges on the loan amount. And if you are a saver, the interest rate is the amount paid on the funds you have deposited in a bank or a financial institution. The higher the interest rate, the higher the sum charged from the borrower, or the higher the money offered to savers. Interest rate on borrowings The interest rate on borrowings is the cost of borrowing, which the lender charges on the amount lent. Most lenders use a simple interest formula on the outstanding loan amount to calculate the interest on the borrowed money or principal amount. For example, @ 8% home loan interest rate, the annual interest cost on ₹5 lakh home loan will be ₹40,000, and as and when the principal amount is repaid, the interest cost will be calculated on the outstanding loan amount. In the first year, after... --- ### Bitcoin miner beats the bears, registers 78% increase in mining figures > Canada-based Bitcoin miner Digihost has managed to maintain a good cash flow and debt-free position. Read more about it - Published: 2022-11-02 - Modified: 2022-11-02 - URL: https://coinswitch.co/switch/news/bitcoin-miner-beats-the-bears/ - Categories: News - Tags: crypto, news Canada-based Bitcoin miner Digihost has managed to maintain a good cash flow and debt-free position, according to the company’s latest press release. The Nasdaq-listed firm mined 74. 58 BTC in October 2022. That’s a 78% increase compared to October 2021. The miner currently holds $2. 45 million in BTC, going by BTC’s price on 31 October 2022. Despite existing market volatility, Digihost CEO Michel Amar pointed out, the miner could maintain decent cash and crypto-based liquidity, month-on-month. He also added that the company remains debt-free to date. Why this Bitcoin miner development is important At a time when bearish headwinds are impacting the cryptocurrency mining space, Digihost has managed to spell some hope for the mining community. Most crypto miners have been feeling the heat of spiking energy costs and the lowest possible hash prices in recent times. Hash rates are an indication of mining difficulty, and Bitcoin’s current rate is pretty high—at 271. 89 EH/s. Just yesterday, speaking to online news company Tech Crunch, Nick Hansen, CEO of crypto-mining company Luxor, said that miners are struggling at the moment with the miner revenue sitting at an all-time low. Addressing the causes for the current state of crypto mining, Christopher Perceptions, CEO of NoCodeClarity, also said, to Tech Crunch, that rising inflation, looming global recession, and soaring electricity prices are some of the reasons for the precarious state of crypto mining. Other factors include mining expansion, increased miner competitiveness, and the inflow of ETH miners into the BTC mining space.... --- ### Shiba Inu player guide launched, big updates coming up > Shiba Inu is releasing a players guide booklet today, 2 November 2022, along with other upgrades. Read more to know the impact - Published: 2022-11-02 - Modified: 2022-11-02 - URL: https://coinswitch.co/switch/news/big-shiba-inu-updates-coming-up/ - Categories: News - Tags: crypto, news Shiba Inu is releasing a players guide booklet today, 2 November 2022, even as the project’s lead developer confirmed that the Shibarium updates are likely to take place later this month. The player guide is for the Shiba Eternity game, which was launched last month after much anticipation. Within a few hours of the launch, the game went on to become the #1 iOS card game. The new updates and TREAT tokens being released are part of Shiba Inu’s Shibarium upgrade. For the unversed, TREAT will act as a reward-specific token for Shib Eternity players and SHIB metaverse participants. Details about the player guide The over 1,000-page booklet being released will serve as a player guide and a roadmap for future adoption. https://twitter. com/Shibtoken/status/1587310982069714944 Shytoshi Kusama, the lead Shiba Inu developer at the moment, revealed a few additional details about the player guide in a Twitter thread. The guide, he said, will consist of some extraordinary artwork, fun cards, and sci-fi lore. A new blog is expected to discuss the developments in detail, he added. Shiba Inu upgrade and potential price action Kusama is also working on the ambitious Shibarium project, which Shiba Inu will be built atop its existing blockchain with the aim of lowering its gas fees and amplifying the purchasing power of SHIB investors. The project was mentioned in a tweet that he put out on 29 October 2022. Shiba Inu’s upcoming updates could cause the price of the popular dog-themed memecoin to soar higher. There have... --- ### Crypto market update: 2 November 2022 > The broader crypto market continues to hold on to the 1 trillion market cap this Wednesday morning. Read the crypto market update to know more - Published: 2022-11-02 - Modified: 2022-11-03 - URL: https://coinswitch.co/switch/news/market-update-november-1-2022/ - Categories: News - Tags: crypto, market update, news The broader crypto market continues to hold on to the 1 trillion market cap ($1. 02 trillion) this Wednesday morning. The current 0. 13% uptick might not look much, but it extends the market’s winning streak by another day. Things may change later in the day as crypto investors brace themselves for a potential Fed-led 75 bps rate hike. Crypto Fear and Greed Index The Crypto Fear and Greed Index (CFGI)—one of the biggest indicators of market sentiment around—is holding on to the 30 level. Screenshot of the Fear and Greed Index It is good news that the CFGI is in the “fear” quadrant instead of the “extreme fear” territory that it found itself in last month. However, the index would have to cross the 35 mark and stay above it for a while for the market to experience higher buyer inflow. Key coins Coming to the topic of key crypto assets, let’s begin with a rundown of some of the top 10 cryptos by market cap. Bitcoin (BTC) and Ether (ETH) are trading a little flat. They are up by only 0. 02% and 0. 51%, respectively, at press time. Dogecoin (DOGE) is continuing to lead market gains. It is up by 9. 64% over the past 24 hours. Binance Coin (BNB) and Cardano (ADA) are trading in red. They have shed 1. 37% and 1. 97% gains, respectively over the past 24 hours. Other market movers Top gainers, according to CoinSwitch data, at the time of writing are:... --- ### Cardano sees network activity surge after Vasil upgrade > After the successful execution of its Vasil hard fork, blockchain network Cardano is witnessing a surge in network activity. - Published: 2022-10-31 - Modified: 2022-10-31 - URL: https://coinswitch.co/switch/news/cardano-sees-network-activity-surge-after-vasil-upgrade/ - Categories: News - Tags: crypto, news After the successful execution of its Vasil hard fork, blockchain network Cardano is witnessing a surge in network activity. Network transactions on the blockchain reached 82,880 on 19 October 2022, according to a report by dApp and NFT tracker, DappRadar. This is the highest number of transactions since May. Cardano’s Vasil upgrade was activated on 22 September this year, a week after the Ethereum Merge. Full functionality was released on September 27th. Due to network upgrade, dApps built on Cardano blockchain are witnessing an increase in user engagement. Meanwhile, the number of unique active wallets on Cardano’s DEX Minswap have increased, by 19. 89%, in the last 30 days. Trading volume on Minswap has increased by 15. 11%, reaching $77 million. Cardano’s digital collectible marketplace, JPG Store, too has recorded growth of 13. 66% in unique active wallets in the same period. Jump in user engagement on Cardano’s NFT marketplace In the past 30 days, the network’s NFT volume touched $191 million. The surge in NFT trading volume on Cardano has helped it become the third-largest NFT protocol after Ethereum and Solana. The marketplace witnessed 40% increase in trading volume. These hikes also come at a time when the NFT market as a whole has been in the midst of a downturn. Other key developments on the Cardano front Despite the NFT marketplace’s rise in trading volume and surge in the network activity, Cardano’s Total Value Locked (TVL) has decreased in the same period. Dropping by close to 20% in... --- ### Rise in number of Bitcoin ATMs across the globe > Globally, the number of Bitcoin ATMs has risen to 38,828, as of 30 October 2022, according to coinatmradar.com - Published: 2022-10-31 - Modified: 2022-10-31 - URL: https://coinswitch.co/switch/news/rise-in-number-of-bitcoin-atms-across-the-globe/ - Categories: News - Tags: crypto, news Starting with a single machine in 2013, Bitcoin has significantly grown its ATM numbers over the last nine years. Globally, the number of Bitcoin ATMs has risen to 38,828, as of 30 October 2022, according to coinatmradar. com, a website that tracks crypto atm installation and growth. Country-wise data on the installation of Bitcoin ATMs show the United States leads with almost 88% market share. The country maintains a record 33,901 installations, followed by Canada (2,566) as of 31 October 2022. The countries that come a distant third and fourth are Spain (215) and El Salvador (212), respectively. Bitcoin’s first ATM was made available to the public on 29 October 2013. It was installed at a coffee shop in downtown Vancouver, Canada. The crypto ATM operated by Robocoin recorded 348 transactions in its first of operations. The total transactions for the day amounted to $100,000. The first crypto ATM company called it quits in 2015, but other companies took over. The space is now dominated by other crypto ATM manufacturers like Genesis Coin, General Bytes, Lamassu, and BitAccess. The broader crypto ATM industry scenario A report by ResearchandMarkets. com, the world’s largest market research store, has projected that the crypto ATM industry will reach $472 million by 2027. At present, the industry is at a relatively humble $46. 45 million. The installation of crypto ATMs saw a slowdown early this year. Since then, things improved a little from June to August, but in the following months, the net global crypto... --- ### Q3 VC investment in crypto startups hits new low: Report > Galaxy Digital Research latest report on crypto funding rates reveals steep fall in Venture Capital (VC) funds invested in crypto startups during Q3 2022 - Published: 2022-10-31 - Modified: 2022-10-31 - URL: https://coinswitch.co/switch/news/q3-vc-investment-in-crypto-startups-hits-new-low-report/ - Categories: News - Tags: crypto, news There has been a steep fall in Venture Capital (VC) funds invested in crypto startups during Q3 2022 during the quarter, a Galaxy Digital Research latest report on crypto funding rates reveals. This quarter, VCs have invested $5. 5 billion, significantly less than the $8 billion investment made in the second quarter of 2022. The primary reason for the fall in crypto VC investments is subdued market conditions after the total market cap hit a low in July. The drop in funding rate marks the second consecutive quarterly fall in the crypto funding rate since the beginning of 2021. However, the new low is $2 billion higher than the 7-year average of $3. 1 billion. Other key takeaways With one quarter left to end the year, despite the slowdown in the crypto funding rate, VC fundraising in cryptos and blockchains for 2022 has outpaced the previous year by over 40%. Since the start of 2022, crypto startups have received a record $32 billion in funding. The funds involved 518 deals. Companies founded in 2021 attracted the most VC funding through 190 deals and gathered $1. 5 billion in investments Early-stage crypto startups received the most from VC investors, dominating later-stage companies. Enterprise blockchain solution companies emerged as a key new subsector, attracting $400 million with over 40 deals during the quarter. Investments by category Companies founded in 2018 and 2021, the report showed, attracted the most VC money in the quarter. Each cohort attracted $1. 5 billion in investments. In... --- ### Top 5 NFT marketplaces surpass $40B in all-time sales > The all-time sales of Non-Fungible Tokens (NFT) in the top five NFT marketplaces has surpassed $40 billion, according to dApp and NFT tracker DappRadar. - Published: 2022-10-31 - Modified: 2022-10-31 - URL: https://coinswitch.co/switch/news/top-5-nft-marketplaces-surpass-40b-in-all-time-sales/ - Categories: News - Tags: crypto, news The all-time sales of Non-Fungible Tokens (NFT) in the top five NFT marketplaces has surpassed $40 billion, according to dApp and NFT tracker DappRadar. The marketplaces have reported sales to the tune of $43. 44 billion, approximately. OpenSea dominates the top five with close to 75% of the market share, as of today. The top five NFT marketplaces are OpenSea, Axie Marketplace, CryptoPunks, Magic Eden, and LooksRare. Over 2. 34 million traders, statistics from DappRadar show, bought NFTs valued at $32. 77 billion on OpenSea. As many as 2. 1 million traders bought NFTs worth over $4. 26 billion on Axie Marketplace; 7,162 traders bought NFTs worth over $2. 96 billion on CryptoPunks; and 1. 2 million traders bought NFTs worth over $1. 83 billion on Magic Eden. LooksRare came in last with around 107,000 traders buying NFTs worth over $1. 62 billion on its site. The average NFT price paid on OpenSea is $352. That number changes to $171 on Axie Marketplace. The average prices on Magic Eden and LooksRare are $124 and $6. 59K, respectively. CryptoPunks pocketed the highest average price paid per NFT with traders paying $132K for each NFT on average on the platform. The drop in the price of cryptos has partially impacted the sales and NFT price. The third quarter of 2022 saw NFT sales plummet to $3. 4 billion. In Q2, the same sales figures were at $8. 4 billion. NFT sales were at their peak of $12. 5 billion during the first... --- ### Dogecoin-Twitter integration hopes fuel DOGE price rise > With talk of a Dogecoin-Twitter integration doing the rounds, DOGE saw a huge price hike over the last week. DOGE’s price jumped by over 100% in this period, - Published: 2022-10-31 - Modified: 2022-10-31 - URL: https://coinswitch.co/switch/news/dogecoin-twitter-integration-hopes-fuel-doge-price-rise/ - Categories: News - Tags: crypto, news With talk of a Dogecoin-Twitter integration doing the rounds, DOGE saw a huge price hike over the last week. DOGE’s price jumped by over 100% in this period, making it the 8th largest crypto coin by market capitalization. The memecoin is hovering around the ₹10. 50 mark. The price surge is accompanied by a decent increase in daily trading volumes. According to crypto analytics platform Santiment, the number of DOGE transactions with more than $100,000 has risen. This could indicate higher whale activity at the memecoin’s counter. The Relative Strength Index (RSI), a momentum indicator, shows that DOGE is currently the most overbought coin since April 2021. That represents the current euphoria around Dogecoin and its buying momentum. Source: TradingView Why is Dogecoin going up? Tesla CEO Elon Musk acquired the majority stake in Twitter last week. The development has fired up speculation around a possible integration of Musk’s favourite coin as a mode of payment in Twitter. Investors believe that if the integration does materialize, it would improve Dogecoin adoption and therefore boost its price. The rising hopes are understandable because earlier, in January 2022, Musk’s automobile manufacturing company, Tesla, started accepting DOGE as a mode of payment for merchandise purchase. According to data from blockchain intelligence platform IntoTheBlock, 62% of DOGE holders are making money at current prices. That means the number of users profiting from Dogecoin is higher than BTC, where only 54% take home profits, and Ethereum’s 57%. Nicknamed Dogefather, Musk has been pretty vocal about... --- ### Crypto market update: 31 October 2022 > The overall market was mostly sideways during the weekend. The total crypto market cap hovered around the $1 trillion mark. - Published: 2022-10-31 - Modified: 2022-10-31 - URL: https://coinswitch.co/switch/news/market-update-october-31-2022/ - Categories: News - Tags: crypto, market update, news The overall market was mostly sideways during the weekend. The total crypto market cap hovered around the $1 trillion mark. It was a mixed weekend for the crypto top 10, but many of them registered steady gains for a significant part of it. Riding on their successes, the market is expected to head upward this week. The leader of the top 10 crypto coins by market cap, Bitcoin (BTC), avoided the sub-$20,000 level—a development that provided much confidence to the market and reversed some negative sentiments. Ether (ETH) posted gains of close to 15. 88% in the last seven days, staying above the key support level of $1,567. Meanwhile, Dogecoin (DOGE) too registered gains of close to 100%, climbing the list of top 10 cryptos. It is now the 8th largest crypto, displacing Cardano (ADA). Better US Q3 GDP data than estimated and a rise in US consumer spending were the main highlights of last week. The positive GDP data is propelling hopes of a Fed pivot. However, the upcoming FOMC’s meeting on interest rate hike decision could result in some anxiety among investors and may keep the market volatile. On Friday, 28 October 2022, Nasdaq, the tech-heavy index that the crypto market follows closely, ended the day with 2. 87% gains, providing much support to the crypto market. Crypto Fear and Greed Index Thanks to slow trading activity and lack of any crypto-related developments over the weekend, the Crypto Fear and Greed Index slipped by over 3 points. It... --- ### What is crypto technical analysis? > Crypto technical analysis primarily involves the study of price charts to identify a distinct price trend. Learn more here. - Published: 2022-10-30 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-technical-analysis/ - Categories: Crypto - Tags: crypto, technical analysis If you are planning to trade in cryptos, familiarity with technical analysis tools and indicators is a must-have skill to achieve consistent results. Technical analysis primarily involves the study of price charts to identify a distinct price trend to execute trades better, unlike fundamental analysis, which tries to determine an asset’s real value. In other words, crypto technical analysis helps you to understand patterns and trends amid market chaos. This blog post will explain technical analysis in detail, the tools and indicators you need to follow, and their limitations. Understanding crypto technical analysis Technical analysis involves analyzing price charts using different mathematical indicators and statistical tools to predict the near-term price movement of an asset. Generally, in technical analysis, one does not pay attention to the fundamentals of the underlying crypto. A technical analyst primarily relies on candlestick charts of multiple timeframes, volume, support and resistance levels, trendlines, and other indicators like MACD, RSI, Fibonacci Retracement, and Bollinger Band to identify patterns that indicate possible future price trends. Technical analysis of price trends is a proven science based on the following assumptions: Price discounts everything: Markets are very efficient in pricing assets, and the price of the underlying crypto factors in all significant developments. The price always reflects the actual value of the crypto based on market conditions and demand. History repeats itself: Markets may appear complex, but price trends tend to repeat themselves. Essentially, investors are driven by emotions like fear and excitement, which are reflected in market movement.... --- ### Ripple’s XRP holdings below 50% of total supply > Ripple Lab's XRP token holdings have dropped below 50% of the total circulating supply, according to the company’s quarterly report. - Published: 2022-10-28 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/ripples-xrp-holdings-below-50-of-total-supply/ - Categories: News - Tags: crypto, news Ripple Lab's XRP token holdings have dropped below 50% of the total circulating supply, according to the company’s quarterly report. The report provides the company's take on the state of crypto markets, including its quarterly XRP sales, relevant XRP-related announcements, and other market developments. The third-quarter report published on the XRP website on 27 October mentions that the amount of XRP held across Ripple's various wallets is below 50% of the total outstanding supply for the first time in history. Ripple has faced criticism over charges that it controls XRP Ledger. The allegations stem from the firm's significantly large ownership of XRP. Ripple Labs is trying to clarify its position by giving visibility to its community and the larger crypto community. The report also stated that the XRP Ledger (XRPL) uses Federated Byzantine Consensus to validate transactions and each validator node gets one vote regardless of how much XRP they own. "Ripple currently operates 4 out of 130+ validator nodes on the XRPL," the company said. The San Francisco-based firm also disclosed that its total net sales of XRP for Q3 were down to $310. 68 million compared with $408. 9 million in Q2. XRP sale related to ODL transactions Ripple's On-Demand Liquidity (ODL) is attributed to the firm's reduced XRP holdings. ODL is a service that enables instant payment settlements and eliminates pre-funded destination accounts. Ripple has said that it continued to sell XRP only in connection with ODL transactions. ODL volumes have ramped up as Ripple’s ODL business... --- ### Rare usernames up for grabs on Telegram’s new marketplace > Encrypted messaging app Telegram announced that its new marketplace built on the Telegram Open Network (TON) blockchain is live. - Published: 2022-10-28 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/rare-usernames-up-for-grabs-on-telegrams-new-marketplace/ - Categories: News - Tags: crypto, news Encrypted messaging app Telegram announced that its new marketplace built on the Telegram Open Network (TON) blockchain is live. The marketplace will serve as an auction platform on which rare Telegram handles will be up for sale. Telegram had revealed plans to launch a new marketplace to utilize NFT-like smart contracts to auction popular usernames in August. Telegram founder Pavel Durov announced the news on the messaging platform yesterday. The new marketplace is motivated by the success of the TON Foundation’s auction of domain names. The sale generated 2,392,002 Toncoin, around $3 million. With a user base of around 700 million, Telegram's incorporation of Web3 features will help accelerate blockchain adoption, Andrew Rogozov, founding member of the TON Foundation, said. More about the auction process The auction is being hosted on Fragment. com, a website dedicated to the auction for users wishing to participate. Telegram will start with auctions of four- and five-letter handles. The auction will be on for a week, with a price minimum for a four-character handle set at 126 Toncoin ($200). Some of the highest value auctions live right now are for handles like bank, casino, and auto, all with minimum bids above 30,000 TON. However, the initial price will be less if no one places a bid higher than the minimum bid. TON is the native token of the Open Network (TON) blockchain. For context, the TON token was originally called the Telegram Open Network. It was Telegram’s independent blockchain project, but federal regulators rejected... --- ### Musk buys Twitter; lets users buy NFTs > As Elon Musk completed his $44 billion takeover of Twitter, the social media platform announced today that it would let users buy, sell, and display NFTs directly through tweets. - Published: 2022-10-28 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/musk-buys-twitter-lets-users-buy-nfts/ - Categories: News - Tags: crypto, news As Elon Musk completed his $44 billion takeover of Twitter, the social media platform announced today that it would let users buy, sell, and display NFTs directly through tweets. The new feature was announced via Twitter Dev on 28 October. The tweet mentioned that the micro-blogging site is currently testing the new integration, named NFT Tweet Tiles. The new feature will enable users to view a larger picture of the NFT alongside details like the title and creator. It would also display the artwork of an NFT in a dedicated panel within a tweet, not to mention a button to let users click through to a marketplace listing. Tweet Tiles were originally introduced in August to expand news articles of three news publications. It is incredible to see the blockchain integration to the feature come through so fast. It adds “one more step in our journey to let developers impact the Tweet experience,” according to Twitter’s Dev account. The new integration is being launched in partnership with four popular NFT marketplaces—Solana-centric marketplace Magic Eden, multi-platform NFT marketplace protocol Rarible, Flow blockchain creator Dapper Labs, and sports-centric platform Jump. trade. The NFT marketplaces span several blockchain networks, including Ethereum, Solana, Flow, Polygon, Tezos, and Immutable X. All networks are supported as long as the links are from a partnered marketplace, a Twitter representative said. In June 2021, Twitter released a set of NFTs, and earlier this year, Twitter added support for NFTs in profile pictures. Thus, NFT Tweet Tiles is stepping... --- ### Visa swipes right to expand in crypto space > Credit card company Visa Inc. has filed for two trademarks with the United States Patent and Trademark Office (USPTO) to expand its digital wallet services. - Published: 2022-10-28 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/visa-swipes-right-to-expand-in-crypto-space/ - Categories: News - Tags: crypto, news Credit card company Visa Inc. has filed for two trademarks with the United States Patent and Trademark Office (USPTO) to expand its digital wallet services. Visa's filing for trademarks was announced on Twitter by USPTO's trademark attorney Mike Kondoudis on 27 October. The development comes as many businesses from the traditional payments sector are entering the crypto and Web3 space to cater to the growing demand for digital products. The two applications filed by Visa for its character mark are to be used in software "to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange" crypto assets and NFTs, which indicates a digital wallet. Besides digital wallet, Visa might also be looking at exploring the metaverse as the company mentioned "virtual environments in which users can interact for recreational, leisure or entertainment purposes” in its filing. Visa's foray into crypto However, Visa's filing of the trademark is not the company's first exposure to crypto and Web 3. 0. The firm had partnered with crypto firms to offer credit and debit cards tied to crypto payments. In March 2021, Visa said it planned to launch a program to allow its partners to use USD Coins to settle transactions made in fiat. Furthermore, the company also owns a CryptoPunk, a popular NFT collection, signaling the company's interest in the NFT space. With more than 1 billion Visa cards in circulation, Visa's foray into digital wallet and metaverse will be a shot in the arm for the Web 3. 0 fintech... --- ### Google launches cloud-based node engine in Web3 push > Google is launching is launching a cloud-based node engine service called Blockchain Node Engine (BNE) With Ethereum as the first blockchain. - Published: 2022-10-28 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/google-launches-cloud-based-node-engine-in-web3-push/ - Categories: News - Tags: crypto, news Google is launching is launching a cloud-based node engine service called Blockchain Node Engine (BNE). With Ethereum as the first blockchain, the BNE enables Web 3. 0 companies to relay transactions, deploy smart contracts, and read or write blockchain data directly on Google Cloud, the company announced in a blog post on 27 October. The new initiative by Google signals the firm’s growing attention to blockchain, crypto and Web 3. 0 projects. According to Google Trends, searches for Web 3. 0 on Google reached an all-time high in terms of peak popularity in 2022. Earlier, the search engine giant had tied up with crypto exchange Coinbase to provide crypto payments for its cloud services. Furthermore, Google Cloud and BNB Chain announced a partnership to support the growth of Web 3. 0 startups. CoinSwitch had reported on 12 October that Google’s search engine added a feature to type an Ethereum address onto the search bar to check the amount of ETH in your wallet. More about Blockchain Node Engine (BNE) Google Cloud Blockchain Node Engine is a “fully managed node-hosting service that can minimize the need for node operations,” according to the blog post. Put simply, Google will be responsible for monitoring node activity and restarting them during outages. For perspective, a node is a computer that connects to and supports a blockchain network through validation and relaying transactions. Functions like BNE engine are useful as it is difficult to deploy self-managed nodes and they require constant management. BNE benefits for... --- ### Crypto market update: 28 October 2022 > After experiencing two bullish sessions, the crypto market had a mixed session yesterday. Most of the top cryptos by market cap were seen trading in the red. - Published: 2022-10-28 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/crypto-market-update-october-28-2022/ - Categories: News - Tags: market update, news After experiencing two bullish sessions, the crypto market had a mixed session yesterday. Most of the top cryptos by market cap were seen trading in the red. The total market cap went down by $19. 5 billion, ending the day at $940. 1 billion on 27 October. Most of the top cryptos underperformed, with Cardano (ADA) and Ethereum (ETH) leading the way down, losing 3. 72% and 3. 34%, respectively. Bitcoin (BTC) and Solana (SOL) also lost value. BTC fell by 2. 35%, reversing a 3. 41% rally from Wednesday. But despite the loss, BTC ended the day at $20,301, holding steady over $20K. Ethereum (ETH) was also down in yesterday's session, ending the day at $1,554, according to CoinMarketCap. Ethereum is continuing its downward momentum at publishing time. However, Dogecoin continued its upward momentum, buoyed by Tesla CEO Elon Musk nearing completion of the $44B acquisition of social media platform Twitter. The memecoin witnessed a gain of 5. 82% in yesterday's session. The mixed session is attributed to the US economic indicators and corporate earnings that tested crypto trader's appetite after two bullish sessions. However, disappointing earnings reports from the likes of Meta Platforms had a more significant impact. The tech-heavy NASDAQ 100 fell by 1. 63% on Thursday. Crypto Fear & Greed Index The Fear and Greed Index, an indicator of market sentiments, dropped from 32/100 to 30/100, indicating "Fear. " Despite the modest decline, the index remained within the fear zone. At the start of this week,... --- ### Kazakhstan to integrate BNB Chain in its CBDC > The National Bank of Kazakhstan (NBK) has decided to test BNB Chain for integration into the country’s CBDC project. - Published: 2022-10-27 - Modified: 2022-10-27 - URL: https://coinswitch.co/switch/news/kazakhstan-to-integrate-bnb-chain-in-its-cbdc/ - Categories: News - Tags: crypto, news The National Bank of Kazakhstan (NBK) has decided to test BNB Chain, the blockchain network, for integration into the country’s Central Bank Digital Currency (CBDC) project. The country’s central bank has been developing its CBDC called Digital Tenge since May 2021. Changpeng Zhao, the CEO of the company behind the chain, announced the development via Twitter. The team, according to his tweet, met with the first deputy governor of NKB, Berik Sholpankulov, and the head of the Payments and Technology Center, Binur Zhalenov, to discuss the testing and integration. https://twitter. com/cz_binance/status/1585300953271783424 The bank has been looking to see how CBDCs can help bridge the gap between traditional banking and the crypto ecosystem for some time now. It launched the Digital Tenge pilot project with a preliminary license in May 2021. Binance has since been working with the Kazakhstan government and regulators to help drive crypto adoption in the country. A permanent license from the AIFC Financial Services Authority (AFSA) was given to Binance on 6 October 2022. In July this year, the central bank developed a decision-making model for its implementation. The final call on implementation will be taken by the end of this year. Earlier, the central bank had explained that it hoped that the use of CBDCs would help in furthering financial inclusion. CBDCs were also meant to serve as an extra tool for financial market participants and government agencies creating innovative services based on smart contract technology. The bank aims to use Digital Tende in cross-border payments... --- ### Losses accumulate in Meta’s metaverse division > Facebook Reality Labs (FRL) has lost over $3.6 billion in the third quarter of 2022 - Published: 2022-10-27 - Modified: 2022-10-27 - URL: https://coinswitch.co/switch/news/losses-accumulate-in-metas-metaverse-division/ - Categories: News - Tags: crypto, news The latest earnings report by Meta, Facebook’s parent company, reveals that its metaverse division Facebook Reality Labs (FRL) has lost over $3. 6 billion in the third quarter of 2022. The number is significantly higher than last year’s $2. 63 billion loss from the same period. FRL is Meta’s virtual reality arm. It designs hardware and software such as the Oculus virtual reality set and the famous Horizon World metaverse project. It was launched in August 2020. The newest release is the most recent among a string of difficult earnings reports for the social media giant. It signals that the new products that have been introduced are not quite translating into profits for the company. In the second quarter of 2022, Meta lost $2. 8 billion. The year-to-date loss figure amounts to $9. 43 billion. In the recent report announcing this quarter’s results, the company mentioned that it expects its losses to continue to grow significantly in 2023. However, FRL expects to contribute to the overall growth in revenue and operating income in the long run. At the company’s conference call, Meta CEO Mark Zukerberg acknowledged the challenges in the metaverse segment, but said that he remains optimistic. He argued that the sound fundamentals of the project and Meta’s focus on efficiency will ensure FRL’s growth. Meta is under pressure to reduce spending in the metaverse division as low user growth and reduced ad spending by users have cut into the profitability of the company. In 2021, Meta accumulated a... --- ### Surge in liquidation of short positions reported > the crypto market has reportedly witnessed over $750 million in the liquidation of short positions—that is, bets against price rises—as Bitcoin reclaims the $20K level. - Published: 2022-10-27 - Modified: 2022-10-28 - URL: https://coinswitch.co/switch/news/surge-in-liquidation-of-short-positions-reported/ - Categories: News - Tags: crypto, news Reversing the dominant trend, the crypto market has reportedly witnessed over $750 million in the liquidation of short positions—that is, bets against price rises—as Bitcoin reclaims the $20K level. This means that short position liquidations are at their highest since June 2021. The percentage of total short liquidation stands at 82. 29%. The total crypto market cap also increased by over 9%, reaching above the psychologically important $1 trillion mark, a level that was last seen in August. Source: Coinglass.                                     Total liquidations in the crypto market Liquidation is usually either due to change in market conditions or traders not being able to meet the margin conditions for leveraged positions. The current surge, however, is connected to multiple factors, including an expected Fed Pivot and record liquidation of short positions. Data from Coinglass. com reveals that BTC and ETH led the trend that unfolded over the last 24 hours, with $397. 79 million and $301. 30 million liquidations, respectively. Other tokens that have led the surge are ADA and DOGE. DOGE and ADA jumped by 14. 79% and 29. 56%, respectively, in the last seven days. Has Elon’s Twitter deal moved DOGE? Trading activity around DOGE has skyrocketed during the past 24 hours. DOGE’s trading activity is up by 171%, according to Coinmarketcap. com. This development is related to the fact that billionaire Elon Musk is finally inching toward signing off on his... --- ### What are expenses? > Expenses are “the cost incurred in or required to do something.” We can simplify that and say that an expense is the amount of money a person or business spends to do something. - Published: 2022-10-27 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/personal-finance/what-are-expenses/ - Categories: Personal Finance - Tags: expenditure, Expenses, money management We all have expenses, and we love to talk about how we have too many. But only some of us really know how to manage them well. Understanding expenses and learning to factor them in while planning can mean the difference between being broke and having a solid budget. So, which side do you want to be on? If your response is “Obviously, I want a solid budget,” you may want to stick around while we take a closer look at this concept. What are expenses? There are accountants who can help you manage your money these days. But it is still important to understand the basics of expenses. The Oxford dictionary defines the term as “the cost incurred in or required for something. ” In simpler terms, the money that a person or business spends to do something is what we call an expense. For individuals, expenses usually mean the cost of personal or family living, like food, rent, services, or consumables. On the organizational level, they are the cost of doing business. The type of business will determine the costs incurred. While individuals and businesses incur different types of expenses, the end goal is the same for both: to keep things running. Types of expenses There are several types of expenses that we all incur. They vary depending on the type of person or business we are talking about. The costs incurred at the personal level can be classified as mandatory or optional. Mandatory expenses can include anything... --- ### Two Solana-based DeFi projects back on track > Projects on the Solana blockchain, Tulip and UXD, have managed to reopen services after recovering tokens lost in the DeFi platform Mango Markets exploit. - Published: 2022-10-27 - Modified: 2022-10-27 - URL: https://coinswitch.co/switch/news/two-solana-based-defi-projects-back-on-track/ - Categories: News - Tags: crypto, news Two decentralized finance (DeFi) projects on the Solana blockchain, Tulip and UXD, have managed to reopen services after recovering tokens lost in the DeFi platform Mango Markets exploit. Tulip and UXD projects were the two major platforms affected hit by the exploit earlier this month. When Mango Markets suffered a price manipulation attack, $114 million in user deposits was lost to hackers. However, after intense negotiations with the hackers, Mango Markets was able to recover over 50% (amounting to $67 million) of the stolen fund. The development spells hope for the DeFi ecosystem, which has been struggling after being hit by multiple exploits during long crypto winter. Stability boost for UXD The UXD protocol is a decentralized stablecoin protocol on Solana. It lost $19. 9 million to the hackers of Mango Markets. Following the exploit, the UXD protocol had paused minting stablecoins for several weeks. Post-recovery, the protocol took to Twitter to celebrate the victory. https://twitter. com/UXDProtocol/status/1585187327541846017 The platform is also in the process of releasing an “asset-liability management module” to manage its DeFi-related investments in multiple protocols. This will be an important move as the UXD stablecoin maintains its value by allocating funds to third-parties. It even puts its USDC holdings into lending platforms to earn yields. Balance restored at Tulip Tulip, a Solana-based yield aggregator platform, on the other hand, received back its assets worth $2. 5 million. It had staked this sum on Mango Markets. Tulip operates by collecting deposits from users and allocating them to different... --- ### Crypto market update: 27 October 2022 > It was a bullish session for the crypto market on Wednesday, as it managed to continue to build up from Tuesday’s gain - Published: 2022-10-27 - Modified: 2022-10-27 - URL: https://coinswitch.co/switch/news/market-update-october-27-2022/ - Categories: News - Tags: crypto, market update, news It was a bullish session for the crypto market on Wednesday, as it managed to continue to build up from Tuesday’s gain. The total crypto market cap shot up to $1002. 85 billion from yesterday’s $970 billion in the last 24 hours, breaking above the psychologically important level of the $1 trillion mark after 5 long weeks. The gains in the market were led by top coins like BTC, ETH, and DOGE, which are up by 2. 57%, 4. 76%, and 13. 83% respectively. Bitcoin managed to stay above its key support level of $20,200, making a high of $20,938 level. Meanwhile, ETH also managed to post decent gains during the period and continued to hover around the $1,550 level and reaching an intraday high level of $1,584 level. With growing expectations of a Fed Pivot, moving away from its pre-determined course of a steep rate hike in December is driving the market up and strengthening investor confidence. Favorable US economic indicators in recent days supported FOMC members suggesting that FED could not go with the big rate hike in December. However, Nasdaq, the tech-heavy index that the crypto market closely follows closed the day in the red with a 2. 04% loss, otherwise would have supported the crypto market to go much higher. Today, the focus will be back on US economic indicators with the release of Q3 GDP, inflation, and jobless claims data, which can chart the future course of action for the market, therefore it may be... --- ### What is deflation, and why is it bad? > Deflation is a phase of the general decline in the prices of assets, services, and products. Learn more about deflation here. - Published: 2022-10-26 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-deflation-and-why-is-it-bad/ - Categories: Personal Finance - Tags: deflation Inflation, as we all know, is the sustained rise in prices of everyday goods and services, best experienced while tanking up at the petrol pump or buying your monthly grocery. Conversely, deflation is the decrease in the general price level, which should normally be a cause for celebration. But it is not, as we will find out in a bit. To elaborate, people have less money in their hands to purchase stuff due to decreased money supply in the economy. And this leads to a reduction in demand and hence prices. That is deflation in pure economic terms. Let us break down the concept further with the help of an analogy. Famous actor Denzel Washington once said: “You pray for the rain, you gotta deal with the mud too. ” In the context of finance, consider rain as “inflation” and mud as “deflation. ” We will keep building on this relatable example as we go along. Understanding deflation and its downside Consider this: the prices of goods and services increase due to higher demand. People have a lot of money in their hands (the rain they asked for), driving up the demand and higher prices. This is what we call inflation. Some inflation is good for the economy, but when the prices inflate beyond a point, the government intervenes— hiking interest rates as a strategy. (Remember Jerome Powell). Successive rate hikes and a prolonged phase of central bank intervention can reduce inflation, often substantially. And if the inflation rate keeps... --- ### Microsoft Cloud has a date with the metaverse > Amid the ongoing metaverse mania, software giant Microsoft is seeking to bring its Cloud services to the metaverse. - Published: 2022-10-26 - Modified: 2022-10-26 - URL: https://coinswitch.co/switch/news/microsoft-cloud-has-a-date-with-the-metaverse/ - Categories: News - Tags: crypto, Microsoft, news Amid the ongoing metaverse mania, software giant Microsoft is seeking to bring its Cloud services to the metaverse. Ihsan Anabtawi, chief marketing officer of Microsoft UAE, confirmed the move. Speaking on the sidelines of GITEX Global 2022, Anabtawi said that “we should view the metaverse as the next step in the evolution of the internet, which began as an internet of data in the 1990s and 2000s, the internet of people in 2010s and is now the Internet of Things. ” Anabtawi claimed that the company is building a bridge to the metaverse through Microsoft Cloud, Teams, and mixed reality technologies. Following this, technologies like Mesh and Hololens and Azure Digital Twins (an IoT platform that creates a digital representation of real-world things, places, business processes and people) will be incorporated into routine services. “This isn’t a short-term investment; this is bringing the full power of our work across several areas to enable the future of computing in the metaverse for business and consumers,” he said. Last year, Microsoft announced the launch of a metaverse-inspired solution for its Teams app dubbed Mesh on smartphones, laptops, and holographic devices. This feature is used to introduce digital representations of the users for applications like Team calls. Thanks to this feature, these avatars are able to meet and greet each other in an immersive, digital world. According to Jeff Teper, Microsoft’s corporate vice president, Mesh is a way to “signal we’re in the same virtual space, we’re one team, we’re one group, and... --- ### PayPal, Western Union to expand crypto offerings > PayPal Inc. and Western Union filed several new crypto trademark applications with the USPTO to offer a wide range of crypto services. - Published: 2022-10-26 - Modified: 2022-10-26 - URL: https://coinswitch.co/switch/news/paypal-western-union-to-expand-crypto-offerings/ - Categories: News - Tags: crypto, news, PayPal, Western Union Financial services firms PayPal Inc. and Western Union filed several new crypto trademark applications with the United States Patent and Trademark Office (USPTO) to offer a wide range of crypto services. PayPal filed for three new crypto trademarks, while Western Union also filed for three on the same day, according to the USPTO-licensed trademark attorney Mike Kondoudis. Kondoudis took to Twitter pointing out that “PayPal has filed trademark applications for PayPal and its ‘overlapping Ps’ logo. The apps claim plans for exchanging, trading, and processing transfers of blockchain + digital assets, crypto + digital + virtual currencies. ” However, Western Union’s crypto trademark applications were more specific and looked like they were planning something with token issuance, insurance, an exchange platform and so on. According to Kondoudis, “Western Union has filed 3 trademark applications claiming plans for financial + banking + insurance, virtual currency exchange + transfer, commodity and crypto trading + brokerage, issuing tokens of value. ” Earlier this month, CoinSwitch reported that PayPal withdrew a policy change that aimed to impose a fine of $2,500 on its users for spreading “misinformation. ” PayPal claimed that the policy update went “out in error. ” A company spokesperson claimed that the Acceptable Use Policy notice which recently went out was “in error that included incorrect information. ” He further confirmed that “PayPal is not fining people for misinformation”. PayPal’s move to withdraw the policy came after it suffered considerable backlash on Twitter from eminent names like David Marcus, CEO of... --- ### Singapore lays out stable coin rules to boost consumer protection > Singapore central bank — MAS has proposed an updated set of regulatory measures on crypto trading and stablecoins. - Published: 2022-10-26 - Modified: 2022-10-26 - URL: https://coinswitch.co/switch/news/singapore-lays-out-stable-coin-rules-to-boost-consumer-protection/ - Categories: News - Tags: crypto, news, Singapore In an attempt to expand consumer protection, Singapore’s central bank—the Monetary Authority of Singapore (MAS)—has proposed an updated set of regulatory measures on crypto trading and stablecoins. Accordingly, crypto businesses will not be allowed to use retail customers’ funds for lending, making a clear distinction between consumer assets and company assets. Moreover, crypto trading platforms will not be able to lure retail investors by offering incentives. Last of all, crypto businesses cannot accept credit card payments or provide financing to retail customers. According to two consultation papers published on Wednesday, "MAS is concerned that retail customers may not have the financial wherewithal to withstand large losses that are likely to ensue from speculative trading of markets that they do not fully understand. ” However, the report also highlighted that “cryptocurrencies play a supporting role in the broader digital asset ecosystem, and it would not be feasible to ban them. ” As Singapore provides regulatory clarity around digital assets, more investors are flocking to them. According to a recent survey-based report from KPMG, over 90% of family offices and high-net-worth individuals (HNWI) in Hong Kong and Singapore are either interested in investing in digital assets or have already done so. The survey found that about 92% of respondents were interested in digital assets. Breaking down the survey numbers, about 58% of family offices and HNWI respondents to a recent poll are already investing in digital assets, and 34% “intend to do so,” according to a research published on October 24 by... --- ### Apple allows in-app purchases for NFTs > Apple rolled out a new set of rules for crypto apps on its app store, allowing in-app purchase to sell NFTs - Published: 2022-10-26 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/news/apple-allows-in-app-purchases-for-nfts/ - Categories: News - Tags: apple, crypto, news Apple rolled out a new set of rules for crypto apps on its app store. The new rules included announcements for the non-fungible token (NFT) industry, allowing in-app purchase to sell NFTs and services related to them including minting, listing, and transferring. “Apps may use in-app purchase to sell NFTs and services related to non-fungible tokens (NFTs), such as minting, listing, and transferring,” the communication said. Apple emphasized that NFTs acquired elsewhere will not be allowed for any function other than just viewing. The rules state that apps may allow users to view their own NFTs, although the NFT ownership does not necessarily unlock features or functionality within the app. Apple noted that “apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase. ” However, it also specified that apps will not be permitted to use their own mechanisms to unlock content or functionality, such as “license keys, augmented reality markers, QR codes, cryptocurrencies and cryptocurrency wallets. ” This in turn may add to Apple’s recent 30% commission on in-app purchases of digital assets like NFTs. While Apple is making in-app NFT purchases accessible for users, some NFT marketplaces on the App Store are either withdrawing services or limiting functionalities due to these commissions. Along with its updated set of rules for NFTs, Apple also added a clause for crypto exchanges on the app... --- ### UK lawmakers for regulating crypto as financial instruments > The UK lawmakers voted in favor of recognizing crypto assets as regulated financial instruments and products in the country. - Published: 2022-10-26 - Modified: 2022-10-26 - URL: https://coinswitch.co/switch/news/uk-lawmakers-for-regulating-crypto-as-financial-instruments/ - Categories: News - Tags: crypto, news, UK In a significant development, the UK lawmakers voted in favor of recognizing crypto assets as regulated financial instruments and products in the country. The provision for regulation is part of a suggested amendment to the proposed Financial Services and Markets Bill. During a discussion on the bill on Tuesday, the lawmakers in the Parliament’s lower house approved an amendment proposed by parliamentarian Andrew Griffith to bring crypto assets within the scope of regulated financial services. With this, the UK may well become the next crypto hub after electing the pro-crypto Rishi Sunak as the country’s new prime minister. For perspective, the stablecoin law was introduced when Sunak served as finance minister in the Boris Johnson administration. Besides, Sunak made news earlier this year when he urged the Royal Mint to issue an NFT. Sunak said, "It's my ambition to make the UK a global hub for crypto asset technology. ” He added, "We want to see the businesses of tomorrow – and the jobs they create - here in the UK, and by regulating effectively, we can give them the confidence they need to think and invest long-term”, noting that this is part of the government’s plan to ensure “the UK financial services industry is always at the forefront of technology and innovation. " Griffith, the financial services and city minister, said during the parliamentary debate before lawmakers voted largely in favor of his proposed amendment that "the substance here is to treat them like other forms of financial assets... --- ### Crypto market update: 26 October 2022 > The crypto market is rallying, with the total crypto market cap rising to $971.85 billion in the 24-hour period. - Published: 2022-10-26 - Modified: 2022-10-26 - URL: https://coinswitch.co/switch/news/crypto-market-update-26-october-2022/ - Categories: News - Tags: crypto, market update, news The crypto market is rallying as US economic indicators provided support to riskier assets and the lower house of the UK Parliament voted in favor of considering crypto as regulated financial instruments. The total crypto market cap shot up to $971. 85 billion from yesterday’s $888. 3 billion in the last 24 hours. Many top cryptos by market cap registered gains, with Ethereum (ETH), Cardano (ADA), and Solana (SOL) leading the way with over 10% day-on-day hike. Following this, the dominant crypto Bitcoin (BTC) finally broke through its $19,000 resistance into $20,000 support levels. According to FX Empire, weak numbers from parallel markets eased concerns of a hawkish Fed move in December, boosting investor sentiment. In August, the S&P/Case-Shiller House Price Index Composite 20 n. s. a increased by 13. 1% year-over-year, down from 16. 0% in July. The index records the variation in the selling price of single-family homes in 20 metropolitan areas in the United States. To put things in perspective, a surge in mortgage rates due to the Fed interest rate hikes has led to a fall in home prices. What’s happening on the CFGI front? The Crypto Fear and Greed Index (CFGI), which records market volatility, social media sentiment, dominance, and market momentum, finally broke out of the extreme fear position of 20s into 30s. As opposed to yesterday’s 20/100, today’s CFGI levels stood at 33/100. With this, the CFGI saw its highest reading since the month of September when it touched 34/100 level. The change... --- ### Surge in Reddit NFT sales > After over 3 million users took to crypto in attempt to collect Non-Fungible Token (NFTs) by Reddit last week, the popular content aggregator and discussion site has now reported a surge in its NFT sales. - Published: 2022-10-25 - Modified: 2022-10-25 - URL: https://coinswitch.co/switch/news/surge-in-reddit-nft-sales/ - Categories: News - Tags: crypto, news After over 3 million users took to crypto in attempt to collect Non-Fungible Token (NFTs) by Reddit last week, the popular content aggregator and discussion site has now reported a surge in its NFT sales. The NFTs that have been transacted amount to over 4,700. In the last 24 hours alone, the Reddit avatar NFTs have generated about $1. 95 million. This includes 17 of the top 20 individual sales. Some collections managed to sell for floor prices above $2,000. A Spooky Season avatar by pseudonymous artist poieeeyeee was sold for the highest price of 18 ETH (about $24,150). The increased sales constitute over one-third of the collection’s cumulative trading volume of $4. 1 million since its launch. At the same time, the daily sales volume of the Reddit NFTs also witnessed a new all-time high of 3,780 digital collectibles changing hands. The news comes at a time when the NFT market has seen falling prices and sales volume. The online message board platform, which claims to have 50 million daily active users, released its NFT marketplace in July. Evidently, collectors have since been seeing the NFTs as a major trading opportunity. Reddit’s reported earnings surpassed $350 million last year. Reddit’s NFTs can be purchased on Vault, Reddit’s crypto wallet. They can be used as profile pictures when users create content on the Reddit platform. Once purchased, the NFTs can be sold on secondary markets like OpenSea. And since their launch, more than 2. 9 million collectible avatars have been... --- ### Pro-crypto Tory Rishi Sunak to become UK prime minister > Much to the UK cryptosphere’s delight, pro-crypto British Conservative party leader Rishi Sunak has been appointed as the next prime minister of the United Kingdom. - Published: 2022-10-25 - Modified: 2022-10-25 - URL: https://coinswitch.co/switch/news/pro-crypto-tory-rishi-sunak-to-become-uk-prime-minister/ - Categories: News - Tags: crypto, news Much to the UK crypto community’s delight, pro-crypto British Conservative party leader Rishi Sunak has been appointed as the next prime minister of the United Kingdom. Sunak’s ascent to power is being welcomed in the crypto space as he is known to have spearheaded the crypto cause in the country during his tenure as Chancellor of the Exchequer. The first Indian-origin PM of the United Kingdom, Sunak will replace Liz Truss, who stepped down last week after her economic stimulus plan unraveled, leading to political and economic instability. Truss’ leadership lasted all of 45 days. After Truss’ resignation, Rishi Sunak was chosen by his fellow Conservative Party members on 24 October to take on the prime ministerial role. Rishi Sunak’s contribution to UK crypto space Before the latest role, Sunak served as the finance minister under former Prime Minister Boris Johnson. During his term, Sunak announced his intention to turn the UK into a crypto hub. Toward that end, he helped usher in the Financial Services and Markets Bill. If the law is passed, it could be a game-changer that gives local regulators broad power over the crypto industry. To start with, cryptos that are pegged to assets, like stablecoins, could be brought under the ambit of payment regulations. Earlier, the Conservative government under Sunak’s predecessor Truss had reaffirmed their commitment to the crypto plans proposed. The appointment of Sunak as PM thus has further boosted the UK’s chance of becoming a “crypto hub. ” Under his leadership, the country’s... --- ### AXS drops as token unlock date approaches > Axie Infinity, a well-known Play-to-Earn (P2E) platform in the crypto space, is facing significant selling pressure at the moment. - Published: 2022-10-25 - Modified: 2022-10-25 - URL: https://coinswitch.co/switch/news/axs-drops-as-token-unlock-date-approaches/ - Categories: News - Tags: crypto, news Axie Infinity, a well-known Play-to-Earn (P2E) platform in the crypto space, is facing significant selling pressure at the moment. The price of its token AXS has dropped by 22% as of 24 October, according to CoinGecko data. The token touched a 52-week low of $8. 58 earlier today. Driving AXS’s downtrend is the unlocking of $215 million worth of AXS scheduled for 26 October. To counter the selling pressure, Aleksander Leonard Larsen, Axie’s Chief Operating Officer Sky Mavis, highlighted the fact that he “will not be selling a single token” of the upcoming unlock. What do we know about the AXS unlock, and how is it connected to the price drop? The Axie Infinity unlock event will see more than 21. 5 million tokens put into circulation. AXS’s current circulating supply is at 103 million, and the token unlock will account for approximately 8% of the entire supply of AXS, according to data site TokenUnlocks. Almost half of the unlocked AXS tokens will be directed to members of the developer team ($57 million), advisers ($25 million), and early investors in a private sale round ($20 million). The leftover tokens will go toward servicing the Axie Infinity ecosystem through staking rewards, P2E rewards, and other ecosystem funds. Players earn Axie’s in-game cryptos and Non-Fungible Tokens (NFTs). They can sell, trade, or abuse these tokens to level up their characters. This unlock, which increases token supply in the market, is at the heart of the selling pressure. The fear that retail investors... --- ### Web 3.0 is what everyone is searching for, on Google > The global crypto community’s interest seems to have shifted to Web 3.0, according to Google Trends. Searches for Web 3.0 on Google touched an all-time high in terms of peak popularity in 2022. - Published: 2022-10-25 - Modified: 2022-10-26 - URL: https://coinswitch.co/switch/news/web3-trending-on-google-search/ - Categories: News - Tags: crypto, news The global crypto community’s interest seems to have shifted to Web 3. 0, according to Google Trends, a service that trawls data from the world’s biggest search engine, Google. Searches for Web 3. 0 on Google touched an all-time high in terms of peak popularity in 2022. Interest in Bitcoin, on the other hand, fell to 27—a three-time drop based on peak performance. Global Google searches for Bitcoin reached their lowest point in over a year. Additionally, Google Trends shows that the number of searches for “Bitcoin dead” reached an all-time high. Google made the search history revelation amid the ongoing crypto market turndown. While the drop in search volume for Bitcoin could be attributed to the crypto giant becoming part of the mainstream investment vocabulary, the impact of the prolonged bear market cannot be overlooked. The blockchain industry and its underlying technology are still in a nascent stage. To keep up with the terminologies surrounding the growing technology behind digital assets, crypto investors and enthusiasts turn to the Web through search engines like Google. Their Google search histories, therefore, is a mark of real-time investor interest. Like Bitcoin, the term NFT too has become less popular. It was one of the most searched words on Google last year. It was so popular that it even became Collins dictionary’s word of the year. The popularity of NFTs seems to have taken the backseat since the first quarter of 2022. Country-wise Google Trends data reveals that El Salvador, the first country... --- ### Tel Aviv Stock Exchange to launch platform for digital assets > The Tel Aviv Stock Exchange (TASE), Israel’s only public trading platform for debt and equity, will be developing a new digital asset trading platform. - Published: 2022-10-25 - Modified: 2022-10-25 - URL: https://coinswitch.co/switch/news/tel-aviv-stock-exchange-to-launch-platform-for-digital-assets/ - Categories: News - Tags: crypto, news The Tel Aviv Stock Exchange (TASE), Israel’s only public trading platform for debt and equity, will be kicking off a five-year plan, from 2023 to 2027, for the development of a new digital asset trading platform. The launch will be part of a new strategy for integrating crypto and blockchain tools into its services, a press statement from 24 October 2022 reveals. The aim of the new plan is to improve existing markets infrastructure and offer digital asset services and products. TASE, the statement explains, is also looking to explore the possibility of tapping into the potential of innovative technologies, such as Distributed Ledger Technology (DLT). DLT’s immutable record keeping, tokenization, and smart contracts could all be of use. Speaking about the development, Itai Ben Zeev, CEO of the stock exchange, says, according to the press note, “We see, in the next five years, a critical window of opportunity for the integration of the Israeli Stock Exchange in the technological revolution that the world’s capital markets are going through. ” Israel, in his view, not only intends to be part of the technological revolution but to lead it. In addition, the five-year plan includes developing and selling technological solutions and services to other exchanges and market participants. Also on the agenda are expanding market reach and transitioning to a private-firm model. The TASE announcement comes a few days after its decision to partner with the country’s finance ministry to test a blockchain-backed platform for digital bonds trading. The project aims... --- ### Crypto market update: 25 October 2022 > Bringing its three-day winning streak to a close, the crypto market saw a bearish start this week. The total crypto market cap ended the day at $888.3 billion. - Published: 2022-10-25 - Modified: 2022-10-25 - URL: https://coinswitch.co/switch/news/crypto-market-update-october-25-2022/ - Categories: News - Tags: market update, news Bringing its three-day winning streak to a close, the crypto market saw a bearish start this week. The total crypto market cap was at $888. 3 billion at the end of yesterday’s session, growing October’s deficit to $16. 7 billion. Many top cryptos by market cap registered losses, too. According to financial news portal FX Empire, Solana (SOL) and Ripple (XRP) led the way down among them, shedding 3. 32% and 3. 32% of their prices, respectively, as of 25 October 2022. SOL struggled to reclaim the key support in the $30 region. XRP traded in red with its Director of Engineering Nik Bougalis leaving the company. However, Bitcoin (BTC) avoided the first resistance level of $19,000 for the third time consecutively despite falling short of $20,000 for the 17th day in a row. Bitcoin mining difficulty rose by 3. 44% higher, reaching an all-time high. Crypto Fear and Greed Index The Crypto Fear and Greed Index, which is a measure of crypto investor sentiments, took a two-point fall this morning. At 20/100, it is currently indicating extreme fear. The index falling deeper into the extreme fear zone could be a response to disappointing economic indicators from the EU and the US, fears of a recession, and political updates from China. The index’s 2% decline also coincides with BTC’s 1. 25% loss. The index needs to continue avoiding the sub 20/100 region in order to support a shift in sentiment. If it fails to do so, BTC could drop below... --- ### SushiSwap community mulls new DAO structure > The SushiSwap community is discussing a new update proposed by a core contributor of the protocol. - Published: 2022-10-21 - Modified: 2022-10-21 - URL: https://coinswitch.co/switch/news/sushiswap-community-mulls-new-dao-structure/ - Categories: News - Tags: crypto, news The SushiSwap community is discussing a new update proposed by a core contributor of the protocol. The update called “Meiji Governance Rework” is being proposed to bring in some structural changes to the Decentralized Autonomous Organization (DAO) that runs the network. If approved by the community, it will bring about the wide range of modifications to Sushi’s DAO will include a change in ownership and governance. The DAO is currently collectively owned and governed by its members. With the change, it will be led by Meiji DAO, a new group that replaces the project’s governance body called Sushi DAO. The proposal came to light on 19 October. SushiSwap is the seventh-largest decentralized exchange, with over $739 million in locked deposits as of 21 October 2022. That makes any such key changes to the platform’s DAO significant for the broader crypto community as well. “The Meiji DAO will bring governance on chain, and kickstart the Meiji Restoration of Sushi, which will become a new phase of Sushi and a new grand vision to execute on,” the proposal read. SushiSwap’s newly appointed head chef Jared Grey tweeted in favour of the proposal on the same day. In his view, the Meiji update could make the project’s governance “more equitable and decentralized. ” One of the most fundamental changes, if the proposal gets approved, is that the Meiji DAO body would vote using Sushi shares, which give the bearer non-transferable governance rights. The Meiji DAO will also be fully autonomous on-chain and allow... --- ### Tesla to HODL $218M in BTC > Tesla has announced that it plans to hold on to its $218 million in Bitcoin (BTC). The vehicle manufacturing company is one of the largest institutional adopters of BTC. - Published: 2022-10-21 - Modified: 2022-10-21 - URL: https://coinswitch.co/switch/news/tesla-to-hodl-218m-in-btc/ - Categories: News - Tags: crypto, news American car manufacturing company Tesla has announced that it plans to hold on to its $218 million in Bitcoin (BTC). The vehicle manufacturing company is one of the largest institutional adopters of BTC. The Q3 report from Tesla, released on 19 October, shows $218 million worth of digital assets on its balance sheet. Based on the current price of BTC, Tesla's holdings may amount to around 9,720 BTC. The report comes months after Tesla’s nearly $1 billion sell-off, citing the need for liquidity amid Covid-related uncertainty in its Chinese operations. The sell-off wiped away a significant chunk of the company’s $1. 5 billion BTC holdings. Tesla also stated that it sold 75% of its Bitcoin during the second quarter of the year. It added $936 million to its books at the time, according to its estimates. Despite these sell-offs, Tesla stands second among the world’s largest corporate holders of Bitcoin, retaining its position from last year. MicroStrategy, with the highest holdings from all corporations, has 130,000 BTC (around $2. 48 billion), and Galaxy Digital Holdings has 16,400 BTC (about $313 million). The Michael Saylor-led company’s record too was despite them losing their investment in BTC earlier this year. In the past few years, Tesla CEO Elon Musk has made his support for another crypto, Dogecoin (DOGE), pretty public. Under Musk, Tesla even started accepting DOGE payments for a range of merchandise, and the CEO’s rocket-building company SpaceX followed suit. The latest development seems to reaffirm that commitment toward crypto. Overall... --- ### What is a beneficiary? - Published: 2022-10-21 - Modified: 2023-10-12 - URL: https://coinswitch.co/switch/personal-finance/what-is-a-beneficiary/ - Categories: Personal Finance - Tags: beneficiary, nominee, wealth management While applying for a life insurance policy or a bank account, you may have come across the term “beneficiary. ” You probably know that in that context, beneficiaries are the people you nominate. They are usually those you can trust to take over your finances in case the need ever arises. The beneficiaries you name get to determine the future of your money, so it is important to learn all about it and do it with care. When we spend so much time trying to make money, why not ensure it is in worthy hands after us, too? What is a beneficiary? A beneficiary is a person who will receive certain rights, inheritance, or benefits associated with the benefactor’s asset. If you own the property or asset, you are a benefactor. And the person you want to pass it on to is the beneficiary. The property or asset owners are the ones who designate the beneficiaries. The asset can be land or other kinds of investments. Financial products that pay out benefits in the long term usually have designated beneficiaries. Examples of such products include retirement accounts, brokerage accounts, and even bank accounts. In insurance, the person receiving the claim is called a beneficiary. Spouses, friends, or family members are usually beneficiaries. Why beneficiaries are important Here are some arguments to convince you to take action promptly when it comes to naming your beneficiaries. 1. You know best. It is important to name one’s beneficiaries because they are like the... --- ### Global crypto adoption still strong: Chainalysis report > According to a new report by blockchain analysis firm Chainalysis, the global adoption of crypto is better than the pre-bull market level. - Published: 2022-10-21 - Modified: 2022-10-21 - URL: https://coinswitch.co/switch/news/global-crypto-adoption-still-strong-chainalysis-report/ - Categories: News - Tags: crypto, news Despite the ongoing crypto bear market, crypto adoption is still going strong, according to a new report by blockchain analysis firm Chainalysis. The 2022 report shows that the global adoption of crypto is in fact better than the pre-bull market level, which includes the first quarter of 2021. The crypto industry is maturing as investors remain resilient, in Chainanalysis’ assessment. However, the crypto and Non-Fungible Token (NFT) hype from the second half of 2021 remains unmatched. Both Bitcoin (BTC) and Ether (ETH) hit all-time highs and NFT prices skyrocketed during that period. “The Chainalysis 2022 Geography of Cryptocurrency Report,” was published on 20 October on the firm’s website. Supposedly describing everything “you need to know about crypto adoption around the world,” the report is a guide of sorts on crypto adoption and usage worldwide. It is the third installment of its kind. The report is part of the Global Crypto Adoption Index by Chainalysis, which tracks how countries are adopting crypto or investing in digital assets. The current study feeds into the Singapore-based firm’s growing literature on crypto adoption. Key findings The report found that 18 of the 20 countries where crypto adoption was at its highest belonged to the low- to middle-income categories. In such countries, crypto was used for remittance payments as it helps protect savings against high inflation. Spearheading the adoption were Latin American countries like Brazil, Argentina, Colombia, Ecuador, and Mexico. The region, according to Chainalysis, is the seventh largest crypto market in 2022. Crypto users... --- ### Aptos Foundation airdrops 20 million tokens > Following its much-awaited launch, the Layer-1 blockchain company Aptos rewarded its early participants with free APT tokens. - Published: 2022-10-21 - Modified: 2022-10-21 - URL: https://coinswitch.co/switch/news/aptos-foundation-airdrops-20-million-tokens/ - Categories: News - Tags: crypto, news The early bird gets the worm, and early adopters of Aptos got free tokens a. k. a. airdrops. Following its much-awaited launch, the Layer-1 blockchain company rewarded its early participants with free APT tokens. The Aptos Foundation shared the airdrop news on 18 October via a series of tweets. The foundation airdropped the tokens to users who completed an application for an Aptos Incentivized Testnet and to users who minted an APTOS: ZERO testnet NFT. As many as 110,235 eligible participants received 20 million APT tokens, according to the company. The airdropped tokens constitute 2% of APT’s initial total supply of 1 billion. The airdrop was estimated to cost $200–$260 million based on market prices at the time. Aptos airdrop: The context Aptos co-founders Mo Shaikh and Avery Ching, both former Meta employees, launched the blockchain on 18 October. The airdrop was launched a day later as part of a marketing strategy and was meant to show the community appreciation for its support. Additionally, Aptos Foundation’s first airdrop came at a time when the project had been under significant scrutiny on Twitter. Several users, on social media platforms, criticized the coin for unclear tokenomics, inconsistent communications, and significantly lower transaction throughput than promised. (See the tweet below by popular crypto podcaster Cobie, for example. ) APT off to a sluggish start despite airdrop Despite its much-anticipated arrival, token APT had a slow start on its first day of trading. Significant disparities have been noted between the numbers reported by different... --- ### German digital bank N26 to roll out crypto service > German virtual bank N26 will be launching a crypto trading service. N26 will be kick-starting its service in Austria. - Published: 2022-10-21 - Modified: 2022-10-21 - URL: https://coinswitch.co/switch/news/german-digital-bank-n26-to-roll-out-crypto-service/ - Categories: News - Tags: crypto, news German virtual bank N26 will be launching a crypto trading service. Making its entry into the crypto space, N26 will be kick-starting its service in Austria before rolling it out to other countries over the next six months, according to an announcement made by the bank on 20 October. The new feature is powered by Bitpanda, a Vienna-headquartered crypto and stock trading app company. Select Austrian customers will be able to access the service called N26 Crypto on the app in a few weeks. The world’s largest and second-largest cryptos, Bitcoin (BTC) and Ether (ETH) are available on the app for now, in addition to 98 other tokens. The digital bank plans to eventually expand its offering to include over 200 coins. The move comes in response to “strong local demand” in Austria, a company blog post revealed. Around 40% of N26 users, according to the post, either already actively trade or invest in crypto or expressed interest in doing so. Speaking about the new service, N26 co-founder and co-CEO Valentin Stalf said, in the same post, that the company sees its new product as an entry point for a new generation of investors who are “looking to explore ways to grow their wealth. ” It is important to remember that the move from the prominent bank, which is estimated to be valued at $9 billion, comes at a time when the crypto market has been pretty bearish. Commenting on this, Stalf pointed out that the launch of the crypto... --- ### Crypto market update: 21 October 2022 > As Indian investors head toward the long Diwali weekend, the broader crypto market seems to have failed to recover from last weekend’s losses. - Published: 2022-10-21 - Modified: 2022-10-21 - URL: https://coinswitch.co/switch/news/crypto-market-update-october-21-2022/ - Categories: News - Tags: market update, news As Indian investors head toward the long Diwali weekend, the broader crypto market seems to have failed to recover from last weekend’s losses. The total crypto market cap took quite a hit this week, after starting off at $916 billion on 17 October. The number is now down to $870. 3 billion, expanding October losses to $38. 7 billion. On Thursday, though, the market had a mixed session, with most top cryptos by market cap taking a beating. Cardano (ADA) and Solana (SOL) led the way down, falling by 2. 86% and 2. 90%, respectively. ADA ended the day at $0. 34, and SOL at $28. 24, according to data from CoinMarketCap. The world’s largest crypto, Bitcoin (BTC), fell through a major support level for the first time in five sessions. It lost 0. 39% gains. However, BTC recovered from the mild losses soon enough to end the day at $19,022. CRE8, the rupee-denominated index which consists of many of these top coins, is trading in the red at ₹2,543. 31. The drop has not been drastic so far (just 1. 43%). With 1. 25% gains to its name, memecoin Dogecoin (DOGE) is one of the few top coins to have bucked the bearish trend. In traditional markets, investors seem to be staying cautious as the Federal Reserve’s next monetary policy meeting is less than two weeks away and steep interest rate hikes are expected. The tech-heavy Nasdaq 100 fell by 0. 61%. The upbeat corporate earnings results that came... --- ### Voyager’s customers pin hopes on FTX acquisition > lending platform, Voyager customers may recover 72% of their funds after the company get acquired by FTX US. - Published: 2022-10-20 - Modified: 2022-10-20 - URL: https://coinswitch.co/switch/news/voyagers-customers-pin-hopes-on-ftx-acquisition/ - Categories: News - Tags: crypto, news, Voyager Voyager Digital Ltd, the bankrupt crypto lending platform, may get acquired by FTX US. If the bid is successful, customers of Voyager might be able to recover 72% of their funds stuck on the platform. US Bankruptcy Judge Michael E. Wiles clarified on Wednesday that Voyager has the option to cancel its deal with FTX, if it can find a bidder who is willing to offer higher reimbursement to the customers. This clause is dubbed “fiduciary out,” in the court document provided. Voyager appealed to the court to allow them to send the payout plan to creditors, including its crypto customers for a vote. However, either sales will not close until the judge approves Voyager’s bankruptcy payout plan. The court hearing mentioned that “if the plan falls apart, there’s no part of this agreement that survives. ” Last month, after FTX secured a winning bid worth about $1. 4 billion to acquire Voyager, the lending platform touted the upcoming shift for customers. In order to secure this two-week long bidding process, FTX’s first priority would be to repay investors in full, letting other account holders to recover about 72% of the value of their accounts, which has been frozen since 1 July. In July, Voyager Digital filed for bankruptcy under Chapter 11 in the Southern District Court of New York. The company claimed that they were in debt up to $10 billion in assets to more than 100,000 creditors. Voyager explained in a press release that the move was part... --- ### Soon, Sachin Tendulkar NFTs will be coming your way > Cricket legend, Sachin Tendulkar has collaborated with the popular cricket NFT platform Rario to make this happen. - Published: 2022-10-20 - Modified: 2022-10-20 - URL: https://coinswitch.co/switch/news/soon-sachin-tendulkar-nfts-will-be-coming-your-way/ - Categories: News - Tags: crypto, news, sachin tendulkar Sachin Tendulkar is on a comeback trail, not in cricket, but in the frenzied arena of non-fungible tokens (NFTs). The Indian cricket legend has collaborated with the popular cricket NFT platform Rario to make this happen. The new project will commemorate the cricketing idol’s career and life moments in the form of digital collectibles. Rario has partnered with eminent cricketers, including Aaron Finch, Faf du Plessis, Rishabh Pant, Virender Sehwag, and Zaheer Khan earlier. Tendulkar said that “it is exciting to see NFT technology bringing fans closer to sports, giving them an opportunity to treasure their favorite moments. " He added that "the team at Rario was committed to building a cricket community using technology in a responsible way. I am therefore happy to partner with the team, to launch my digital collectibles exclusively on the Rario platform. ” Rario co-founder and CEO Ankit Wadhwa said that “partnering with the Master Blaster with him investing in Rario is a surreal feeling. It is a testament to our vision of making fandom more accessible. ” Wadhwa added that with the help of NFTs, platforms can create “a world where stars don’t just exist on a distant flickering screen or in a crowded stadium, and fans don’t get to be passive observers, but active participants. It is only fitting that the man who once carried a billion hopes, is now blessing us in our journey to redefine fandom for a billion fans. With the God of Cricket backing us, sky is the... --- ### South Africa deems crypto as a financial product > South Africa financial regulator, FSCA classified crypto as a financial product. The declaration was made on 19 October. - Published: 2022-10-20 - Modified: 2022-10-20 - URL: https://coinswitch.co/switch/news/south-africa-deems-crypto-as-a-financial-product/ - Categories: News - Tags: crypto, news, South Africa Bringing some cheer amid the downturn in the crypto market, South Africa’s financial regulator classified crypto as a financial product. The declaration was made on 19 October when the Financial Sector Conduct Authority (FSCA) published a notice about crypto’s status in the country. The notice stated that in accordance with the recent update in the region’s 2002 Financial Advisory and Financial Intermediary Services Act (FAIS), a definition for crypto assets is also added, making them a financial product. The FSCA notice clarified that a crypto asset is a financial product on the basis of three parameters. It noted that crypto which is “a digital representation of value” is: (a) is not issued by a central bank, but is capable of being traded, transferred or stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility; (b) applies cryptographic techniques; (c) uses distributed ledger technology. South Africa has made rapid strides in its bid to emerge as the next crypto hub. Earlier this year, the South African Reserve Bank (SARB) changed its stance on crypto and deemed it to be a financial asset, seeking a regulatory framework for the digital assets. The deputy governor of the SARB, Kuben Naidoo said that the bank “has changed and we now regard as a financial asset and we hope to regulate it as a financial asset. There has been a lot of money that has flowed in and there is a need to regulate it and bring... --- ### Russian nationals held for evading sanctions, crypto scam > Russian nationals charged in a New York court for evading global sanctions and money laundering using crypto. - Published: 2022-10-20 - Modified: 2022-10-20 - URL: https://coinswitch.co/switch/news/russian-nationals-held-for-evading-sanctions-crypto-scam/ - Categories: News - Tags: crypto, news, Russia Five Russian nationals, along with two oil traders, were charged in a New York court for evading global sanctions and money laundering using crypto. One of the culprits was arrested in Germany and another one in Italy, according to a press release from the US Department of Justice (DOJ). The authorities allege that these Russian nationals were using shell companies and crypto transactions to illegally obtain American military technology and oil from Venezuela circumventing US sanctions. While the amount or crypto used in the scheme to smuggle military technology and oil was not disclosed, US authorities revealed the identities of suspects. ​​According to the press release, the federal court of Brooklyn, New York charged five Russian nationals — Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva, also known as “Lana Neumann,” Timofey Telegin, and Sergey Tulyakov with global procurement, smuggling and money laundering network charges. Furthermore, the court charged the oil traders — Juan Fernando Serrano Ponce, also known as “Juanfe Serrano” and Juan Carlos Soto, for brokering illicit oil deals for Petroleos de Venezuela S. A. (PDVSA), the Venezuelan state-owned oil company, as part of the scheme. “As alleged, the defendants were criminal enablers for oligarchs, orchestrating a complex scheme to unlawfully obtain US military technology and Venezuelan sanctioned oil through a myriad of transactions involving shell companies and cryptocurrency. Their efforts undermined security, economic stability and rule of law around the world,” stated United States Attorney Breon Peace. The attorney added that the authorities will “continue to investigate, disrupt and... --- ### Crypto market update: 20 October 2022 > The global crypto market cap was down by over 1.5% in the last 24 hours. It stood at $915.02 billion, at press time. - Published: 2022-10-20 - Modified: 2022-10-20 - URL: https://coinswitch.co/switch/news/crypto-market-update-20-october-2022/ - Categories: News - Tags: crypto, market update The broader crypto market saw a slight correction toward the weekend as day-on-day metrics fell by over 1. 5%. Dominant crypto Bitcoin (BTC) is now closer to the $18,000 level and is far from breaking through its long-standing $19,000 resistance. Following this, Ethereum (ETH), the second biggest crypto by market cap, is also back to its $1,200 resistance level, after breaking into the $1,300 support zone earlier this week. Along with BTC and ETH, Solana also made news as it led the crypto market down with the highest drop among the top 10 cryptos. SOL fell by over 4% in 24 hours and was priced close to $29 at the time of writing. Among economic indicators, US did not have any significant stats to report, while higher September inflation numbers from Europe weighed on riskier assets, reckons FX Empire. Stats for thought As the broader crypto market is back in midweek red, daily stats are credible indicators to track tradeable movements. You may want to keep them in mind while you Do Your Own Research (DYOR) to plan your trades. The global crypto market cap was down by over 1. 5% in the last 24 hours. It stood at $915. 02 billion, at press time. However, the total crypto market volume rose to $73. 42 billion currently from $50. 50 billion earlier this week. Despite its flat price movement, Bitcoin maintained its superior status with nearly 40% market dominance. However, BTC is now trading close to $18,000, far from its... --- ### Jack Dorsey team unveils long-awaited social protocol app > The Bluesky initiative team of developers, led by Jack Dorsey, unveiled a new version of its social protocol, called the AT Protocol. - Published: 2022-10-19 - Modified: 2022-10-20 - URL: https://coinswitch.co/switch/news/jack-dorsey-team-unveils-long-awaited-social-protocol-app/ - Categories: News - Tags: crypto, news The Bluesky initiative team of developers, led by Jack Dorsey, unveiled a new version of its social protocol, on 18 October 2022, called the AT Protocol, short for “Authenticated Transfer Protocol. ” The social protocol aims to allow social media users to have control over their data. They can also move it from platform to platform without needing permission from the original platform. The news was first announced via a blog post from Bluesky. Soon after, it was shared on their official Twitter handle. How it all started The initial plan for the app was announced three years ago. It was called Bluesky Social app then. At the time, Dorsey announced that Twitter, which he then headed, would be bringing together a small, independent group of developers to create an app like the current one. A 2019 tweet reveals that Dorsey asked the collective to work with a single objective: creating a decentralized social media protocol. The dream was that such an app would serve as a new standard for online connectivity, free from corporate and governmental influence. However, Dorsey left Twitter two years later, in late 2021. Subsequently, there was a long silence on the matter. Dorsey and team have now emerged from the shadows to make the latest announcement. What has been happening on the Twitter front? Meanwhile, Twitter is undergoing a tumultuous legal case with Tesla and SpaceX CEO Elon Musk. At the heart of the dispute is the ownership of the micro-blogging site, but also the... --- ### Blockchain startup Shardeum raises $18M in seed funding > Shardeum, a blockchain startup, has managed to raise $18.2 million in a recent seed funding round, according to a company announcement. - Published: 2022-10-19 - Modified: 2022-10-19 - URL: https://coinswitch.co/switch/news/indian-blockchain-startup-shardeum-raises-18m-in-seed-funding/ - Categories: News - Tags: crypto, news Shardeum, a blockchain startup, has managed to raise $18. 2 million (₹1,482,674,364) in a recent seed funding round, according to an announcement made on 18 October. The fund will go toward hiring more product and design development team employees, expanding its network, and increasing its community, as per the company. The aim is to create a platform that offers developers incentives to encourage them to build Shardeum. Shardeum will also use the fund to host hackathons in India and the US next year. The company co-founded by Nischal Shetty, who also started crypto exchange WazirX, raised the funds from over 50 investors, including Jane Street, Struck Crypto, and the Spartan Group. Other investors in the round included Big Brain Holdings, DFG, Ghaf Capital Partners, and Foresight Ventures. The funding round also included renowned investors in the crypto space, like CoinGecko Ventures, Wemade, and ZebPay. The funding comes amid the ongoing crypto winter which has led several crypto projects to bankruptcy. Some such projects that have run into trouble include the Celsius Network, Three Arrows Capital, and Voyager Digital. Shardeum was launched in February 2022 by Shetty and blockchain architect Omar Syed. It was created with the aim of providing greater scalability, faster transaction times, and lower fees, while maintaining a high level of decentralization. Shardeum is a sharded blockchain based on the Ethereum Virtual Machine (EVM), so anything that works on Ethereum can run on it. The funds will enable Shardeum to join the ranks of many other cryptos, like... --- ### India set to emerge as key Web 3.0 player: Nasscom report > India is quickly becoming a key player in the Web 3.0 space, according to the report released by Nasscom, the Indian IT trade association. - Published: 2022-10-19 - Modified: 2022-10-19 - URL: https://coinswitch.co/switch/news/india-set-to-emerge-as-key-web-3-0-player-nasscom-report/ - Categories: News - Tags: crypto, news India is quickly becoming a key player in the Web 3. 0 space, according to the report released by Nasscom, the Indian IT trade association. The report titled “The India Web 3. 0 Startup Landscape: An Emerging Technology Leadership Frontier” takes stock of India’s role in the Web 3. 0 arena. In the first half of this calendar year, India saw the growth of more than 450 Web 3. 0 startups, the report states. And the arena has attracted investments over $1. 3 billion since 2020. What’s more, Web 3. 0 startups in India have grown by about six times since 2015. India already is a significant player on the technology landscape, and Nasscom’s report augurs an even brighter future for the country in this sector. Besides, Web 3. 0, the third iteration of the internet, has been booming for some time now. So if India rides the wave well, the country’s financial health could get a boost. Shedding additional light on the topic, Achyuta Ghosh, senior director and head of insights at Nasscom, revealed that a third of such startups mushroomed in the last year alone, and “several of them have a B2B model. ” The DeFi (decentralized finance) and entertainment sectors largely contribute to the astonishing growth, he added. The country has all the building blocks it needs: a high adoption rate, a growing startup ecosystem, and a surplus of digitally skilled individuals. All of this will help India to emerge as a key player on the global... --- ### New Interpol team to help countries battle crypto crimes > As the crypto space sees a spike in the number of exploits and hacks, Interpol, has set up a special team to tackle the alarming issue. - Published: 2022-10-19 - Modified: 2023-02-06 - URL: https://coinswitch.co/switch/news/new-interpol-team-to-help-countries-battle-crypto-crimes/ - Categories: News - Tags: crypto, news As the crypto space sees a spike in the number of exploits and hacks, Interpol, the organization that facilitates international police cooperation and crime busting, has set up a special team to tackle the alarming issue. This Singapore-based team will help governments around the world fight crimes involving virtual assets, according to an announcement by Interpol Secretary General Jürgen Stock on 17 October. Stock made the announcement at a press conference ahead of the 90th General Assembly of Interpol in New Delhi. The three-day assembly, which represents the international policing organization’s top governing body, was last held in India in 1997. The Assembly started on 18 October this year. The Interpol Secretary General also announced that crypto and cybercrime will be one of the central issues on the agenda during the Assembly. In his view, Bitcoin and Ethereum pose challenges to law enforcement agencies in the absence of a legal framework. Most countries are not “properly trained and properly equipped” to address many crypto crimes, Stock lamented. Praveen Sinha, the special director of India’s Central Bureau of Investigation, supported Jürgen, recounting the many difficulties involved in monitoring cybercrime. Both the officials highlighted the Interpol’s role in establishing and developing better police cooperation at the global level. Unfortunately, the Interpol move coincided with yet another exploit. Crypto wallet BitKeep was hacked of tokens worth over $1 million, on 18 October. The latest exploit is one among a series of hacks this year. Just last week, Mango Markets, a decentralized finance (DeFI)... --- ### Ripple’s second round of funding for NFT creators is out > Ripple, a blockchain and crypto solutions provider, disclosed the names of the creators to receive funding for their NFT projects yesterday. - Published: 2022-10-19 - Modified: 2022-10-19 - URL: https://coinswitch.co/switch/news/ripples-second-round-of-funding-for-nft-creators-is-out/ - Categories: News - Tags: crypto, news Ripple, a blockchain and crypto solutions provider, disclosed the names of the creators to receive funding for their Non-Fungible Token (NFT) projects yesterday. The grants are part of the second wave from Ripple’s $250 million Creator Fund. The Ripple Creator Fund was launched two years later, in September 2021. Ripple partnered with innovative NFT marketplaces and creative agencies, including Mintable, mintNFT, and VSA Partners for the launch of the fund. The second leg of investment goes to independent creators building functional use cases in gaming and the metaverse, in addition to music and media, on the XRP Ledger, an open-source and decentralized blockchain. It is meant to offer creators the financial, creative, and technical support they need and help their NFT projects with marketing. The Fund’s selected projects are expected to bring to life use cases for tokenization. They will be able to do this by leveraging the power of XRP Ledger’s low-cost, instant settlement and built-in royalty structures. The Fund will therefore maximize value for creators and their communities to consume content. This new funding initiative arrives amid Ripple’s legal battle with the United States’ Securities and Exchange Commission (SEC). The verdict of the case is expected to decide the future of XRP, Ripple’s token. Why is Ripple focusing on NFT projects? Ripple’s entertainment and media-centric investments come at a time when these industries are showing immense potential as far as revolutionizing the Web 3. 0 space is concerned. Explaining why Ripple is betting big on NFTs, RippleX Growth’s... --- ### Crypto market update: 19 October 2022 > After a slight uptick in the previous session, the larger crypto market experienced a bearish session yesterday. - Published: 2022-10-19 - Modified: 2022-10-19 - URL: https://coinswitch.co/switch/news/crypto-market-update-october-19-2022/ - Categories: News - Tags: market update, news After a slight uptick in the previous session, the larger crypto market experienced a bearish session yesterday. The total crypto market capitalization is $888. 2 billion at publishing time, down by $10. 1 billion. With the loss in total market cap, the crypto market cap decoupled from the tech-heavy Nasdaq, which witnessed a bullish session and rose by 0. 90% as of 18 October. CRE8, the onshore crypto index, remains flat throughout the bearish session despite most of its major constituents trading in the red. At publishing time, the index is at ₹2,585. 70. The larger market moves are, of course, a reflection of the top 10 coins. With the bears looming large. Solana (SOL) and Cardano (ADA) are leading the way down, slipping by 3. 22% and 3. 28%, respectively, over the past 24 hours. And, since there are no updates about the ongoing legal battle between the United States’ Securities and Exchange Commission (SEC) and Ripple (XRP) to provide price support, XRP witnessed a loss of 3. 12%. This reversed a 0. 75% gain from the previous session. However, the world’s largest crypto by market cap, Bitcoin (BTC), showed strength. Braving the bearish session, BTC managed to avoid the minus $19,000 zone for the third consecutive day in a row but ended the day in the red. Crypto Fear and Greed Index The Fear and Greed Index, an indicator of investor sentiments, rose by 1 point to 23/100, indicating investor resilience. The Index’s modest upward movement is significant... --- ### EU urges US to draft global crypto regulations > EU financial services chief Mairead McGuinness has requested the US authorities to provide a clearer framework for global crypto regulations. - Published: 2022-10-18 - Modified: 2022-10-18 - URL: https://coinswitch.co/switch/news/eu-urges-us-to-draft-global-crypto-regulations/ - Categories: News - Tags: crypto, EU, news The European Commission’s financial services chief Mairead McGuinness has requested the US authorities to provide a clearer framework for global crypto regulations. Ms. McGuinness held talks with some senior US politicians on a recent trip to Washington, DC. McGuinness urged the US authorities to provide legal clarity around crypto, cautioning that digital assets may potentially threaten financial stability if left to grow unchecked. The commissioner added that the regulatory framework around crypto needs to be global and not region-specific given the borderless nature of the industry. She said, “We do need to see other players also legislating,” highlighting the fact that there are countries which are already following EU’s lead on crypto regulation, and “perhaps differently, but with the same objective .  .  . We need to look at global regulation of crypto. ” Following her request, McGuinness stated that the US authorities are “moving in the same direction” as the EU regarding crypto regulations. She noted that “there’s a lot of concern at a European level as to if crypto were not to be regulated. ” In light of this, she added that “there could be — in time, if it grows — financial stability problems. There are also investor issues around the lack of certainty. ” Earlier this month, the EU updated its crypto laws, dubbed the Markets in Crypto Assets Regulation (MiCA). MiCA requires crypto businesses to provide services only after duly registering with authorities to ensure consumer protection and financial stability. CoinSwitch reported that EU’s updated law... --- ### Another day, another BNB Chain hack; $1M lost > BNB chain-based crypto wallet, BitKeep, got exploited for $1 million via the swap/router feature. Second exploit on BNB chain this month. - Published: 2022-10-18 - Modified: 2022-10-18 - URL: https://coinswitch.co/switch/news/another-day-another-bnb-chain-hack-1m-lost/ - Categories: News - Tags: BNB, crypto, news Amid news of increasing institutional adoption of crypto and regulatory approval, another hack left the crypto community shocked. The latest update saw the BNB chain-based crypto wallet, BitKeep, get exploited for $1 million. According to blockchain security and data analytics firm PeckShield, the hacker exploited BitKeep’s swap/router feature on the BNB chain to drain funds. Following this, BitKeep’s official Twitter handle acknowledged the issue and updated the users on recovery measures. While suspending the swap service, BitKeep also sought help from major security agencies to track down the hackers and recover the stolen assets. Furthermore, the company clarified that users who suffered losses in the hack will be fully reimbursed. The crypto wallet firm requested the community to assist them in identifying the hackers and to recover the stolen assets in exchange for a heavy-duty bounty. BitKeep is a multi-chain crypto wallet that users often utilize to trade tokens across chains. This function is also known as swapping. However, the swap feature, along with bridge exploits, has emerged as easy targets for hackers in the crypto domain. Earlier this month, CoinSwitch reported that the BNB chain faced an exploit on its cross-chain bridge worth about $100 million. The cross-chain exploit was made possible through the BSC Token Hub, resulting in the creation of “extra BNB. ” This, in turn, fooled the community members about the actual amount of user funds that the system contained. Close on the heels of the exploit, the BNB Chain announced a temporary pause to operations... --- ### France leads in crypto adoption as SG unit gets regulatory nod > France: banking giant Societe Generale's crypto division received regulatory approval to provide crypto custody and trading services. - Published: 2022-10-18 - Modified: 2022-10-18 - URL: https://coinswitch.co/switch/news/france-leads-in-crypto-adoption-as-sg-unit-gets-regulatory-nod/ - Categories: News - Tags: crypto, France, news French banking giant Societe Generale's crypto division, SG Forge, received regulatory approval to provide crypto custody and trading services. Autorité des Marchés Financiers (AMF), the region’s financial regulator, granted the registration. While SG Forge’s exclusive registration enables crypto custody, purchase, sale, and exchange services, the company is yet to register as a trading platform. Crypto’s regulatory framework in France requires businesses to register with the AMF before they can operate as a trading platform and offer crypto services including investment and custody of digital assets. For perspective, France is preparing to become the next crypto-hub and an early adopter of the up-and-coming web3 evolution. Earlier this year, the nation’s largest banking group BNP Paribas Securities Services partnered with METACO for digital asset custody services. Following this, the partnership further integrated METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure. According to the press release, the partnership aimed at underpinning the bank’s institutional custody offering and unifying governance across its multiple systems, allowing institutional clients to store, issue, and settle digital securities alongside their traditional assets. Wayne Hughes, Head of Digital Assets at BNP Paribas Securities Services, said — “Our objective is to offer our clients a single view of all these different types of assets for complete transparency, greater operational efficiency, and risk management. ” Institutional adoption of crypto is on the rise in France. Apart from banks partnering with crypto platforms to provide crypto services, the number of crypto firms that have received digital asset... --- ### Aptos, from ex-Meta team, makes its blockchain debut > After more than four years of testing and two successful funding rounds, Aptos, the layer-1 blockchain, debuted the network’s mainnet. - Published: 2022-10-18 - Modified: 2022-10-18 - URL: https://coinswitch.co/switch/news/aptos-from-ex-meta-team-makes-its-blockchain-debut/ - Categories: News - Tags: Aptos, crypto, news The much-anticipated launch of the layer-1 blockchain, Aptos, is here with the debut of the network’s mainnet. Aptos blockchain attracted much investor attention as its team includes former Meta (the new avatar of Facebook) employees, who worked on the company’s failed DIEM stablecoin. Aptos Labs made news earlier this year after several successful funding rounds. In May, the network secured $200 million in a funding round led by a16z, along with other investors such as Tiger Global, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs and PayPal Ventures. This was followed by another funding round that raised $150 million, led by FTX Ventures and Jump Crypto, with participation from Binance Labs. Following the funding rounds, Aptos Labs is reportedly valued at $2 billion. Now, it remains to be seen if the layer-1 blockchain lives up to the hype and its lofty valuation as it prepares to test the waters. Furthermore, the crypto exchange giant and one of Aptos’ top investors, FTX, already declared that it will list Aptos' APT token on its platform. Last week, the official Twitter handle of FTX said it will list APT tokens on its spot market from 19 October 2022. The APT mainnet was finally launched after more than four years of testing. It promises “to create universal and fair access to decentralized applications for billions of people through a safe, scalable, and upgradable blockchain. ” Aptos laid out the company’s core principles in its manifesto : Upgradeability: The network claims to support... --- ### Mastercard makes it easy for banks to offer crypto trading > Mastercard has partnered with crypto trading platform Paxos to help banks and fintech firms offer crypto trading to their customers. - Published: 2022-10-18 - Modified: 2022-10-18 - URL: https://coinswitch.co/switch/news/mastercard-makes-it-easy-for-banks-to-offer-crypto-trading/ - Categories: News - Tags: crypto, Mastercard, news In what could turn out to be a shot in the arm for the crypto industry, pro-crypto payments firm Mastercard has partnered with crypto trading platform Paxos to help banks and fintech firms offer crypto trading to their customers. Mastercard’s new program will make it easier for banks and financial institutions to offer secure crypto trading services to their customers. Dubbed Crypto Source, the program will act as the connecting link between Paxos and banks. Mastercard will oversee the compliance and security aspects of crypto trading, which have deterred banks from offering crypto-related services to clients. Paxos will take care of custody and trading services. Thanks to the partnership, crypto services will be made available on banks' interfaces. Banks and traditional financial institutions have largely stayed away from offering crypto trading services to retail investors though large players such as JP Morgan and Goldman Sachs plan to service institutional investors. The new tie-up is expected to give banks and fintechs a toehold in the lucrative space. According to the press release, Mastercard is currently offering manifold crypto-related services for banks and fintechs. This includes technology and partnership support for crypto investments, along with security management which encompasses Mastercard’s identity solutions, crypto analytics, transaction monitoring, anti-money laundering, and cybersecurity. Mastercard also offers crypto spend and cash out functions through products like crypto cards, open banking, and cross border services. The new Crypto Source program includes program design, product development and technology implementation. Additionally, it will also provide market optimization along with... --- ### Crypto market update: 18 October 2022 > The broader crypto market remained flat, but also experienced an uptick in the 24-hour period with minimal day-on-day increases. - Published: 2022-10-18 - Modified: 2022-10-18 - URL: https://coinswitch.co/switch/news/crypto-market-update-18-october-2022/ - Categories: News - Tags: crypto, market update The broader crypto market remains flat, but also experienced a slight uptick in the 24-hour period. Dominant crypto Bitcoin (BTC) continues to hover around the $19,000 resistance. However, Ethereum (ETH), the second biggest crypto by market cap, finally broke out of its $1,200 resistance level and is currently priced at over $1,300. Along with BTC and ETH, XRP too is gaining investor attention. According to FX Empire, XRP is witnessing volatility while the token awaits verdict in the ongoing XRP lawsuit. This Monday, XRP dropped past the First Major Support Level (S1) at $0. 4680 before rallying to an early afternoon high of $0. 48258. Following this, it fell short of the First Major Resistance Level (R1) at $0. 4865, and was priced at $0. 4733, at the time of writing. Stats for thought While the broader crypto market is rather stagnant, daily stats are credible indicators to track tradeable movements. You might want to keep them in mind while you Do Your Own Research (DYOR) to plan your trades. The global crypto market cap is slightly up with a 1. 5% increase in the last 24 hours. It stood at $935. 36 billion, at press time. Following this, the total crypto market volume also rose from last week’s $43. 96 billion to $50. 50 billion currently. Despite its flat price movement, Bitcoin maintained its superior status with 40. 08% market dominance. However, BTC is not trading at a significant distance from its $20,000 support. At press time, it is... --- ### Flipkart launches metaverse shopping experience - Published: 2022-10-17 - Modified: 2022-10-17 - URL: https://coinswitch.co/switch/news/flipkart-launches-metaverse-shopping-experience/ - Categories: News - Tags: crypto, news Walmart-backed Indian e-commerce major, Flipkart is strengthening its hold on the Web 3. 0 segment with the launch of a metaverse shopping experience. Flipkart’s metaverse bet is still in the pilot stage. The venture is expected to supercharge the customer experience. Flipverse goes live on Flipkart’s Android app on Monday. https://twitter. com/0xFireDrops/status/1581601813195030534 Coming just before the festive season this month, the time of the year is when shopping platforms like Flipkart witness large buy orders and a surge in sales volumes, the venture could translate into significant profits for Flipkart. The Polygon connection: Another win for India The company has partnered with eDAO for the venture called Flipverse. eDAO is a Polygon-incubated firm meant for content creators, brands, and fans looking to launch into the Web 3. 0 ecosystem. Polygon, the India-based platform is helping brands like Flipkart to transform their customer experience as they transition from Web 2. 0 to Web 3. 0. So the Indian e-commerce major’s partnership with eDAO is a win for India in more ways that one. Commenting on Polygon’s role, the company’s co-founder, Sandeep Nailwal, said: “Combining top brands with Flipkart’s e-commerce expertise in a virtual environment stands to revolutionize online retail as we know it. Flipverse will be a vibrant, visible expression of the metaverse, and I’m proud that this activation is taking place on Polygon. ” What’s new for users? With the move, the e-commerce major is transforming itself from Web 2. 0 to a Web 3. 0 platform. Flipverse will offer... --- ### Koreans to have blockchain-powered digital IDs by 2024 > South Korea to replace physical identity cards with Blockchain-based digital IDs, according to a Bloomberg report. - Published: 2022-10-17 - Modified: 2022-10-17 - URL: https://coinswitch.co/switch/news/koreans-to-have-blockchain-powered-digital-ids-by-2024/ - Categories: News - Tags: crypto, news South Korea, one of the most active crypto countries in the world, is taking its use of blockchain technology one step further. Blockchain-based digital IDs are likely to replace physical identity cards in the country, according to a Bloomberg report. The government, Bloomberg reports, wants to embed digital IDs as an app on smartphones. These apps will work like physical resident registration cards. The blockchain-based digital IDs are expected to be launched by 2024, with around 45 million citizens being onboarded within the following two years. The blockchain-based digital ID programme will not be the first of its kind for the nation. In August 2020, over a million South Koreans applied for blockchain-powered driving licenses. These operate via Korea’s PASS smartphone application. Such IDs comes with many advantages. Foregrounding some of them, Hwang Seogwon, an economist with Korea’s Science and Technology Policy Institute, said that digital IDs could help improve financial inclusion, healthcare, taxes, and transportation. Also highlighting the significance of such cards, Director General of Korea’s Digital Government Bureau Suh Bo Ram said that the new digital IDs will equip businesses to switch to the online mode of operating. Doing so will enable them to take full advantage of the latest technology. He clarified that while adopting a decentralized identity system, the government will not have access to the information stored on smartphones, including digital IDs. Further, the blockchain-powered digital ID programme has the potential to ramp up country’s GDP up to 13% and will result in enormous savings... --- ### What are capital gains, and why should we talk about it? > The profit made on the sale of capital assets is referred to as capital gain. Read on to know more about short-term and long-term capital gains and their impact on your taxes. - Published: 2022-10-17 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/personal-finance/what-are-capital-gains/ - Categories: Personal Finance - Tags: capital gains, money management, profits In finance, there is a term for all of the profits made on capital assets like homes, stocks, bonds, art, and other investment properties. The term is Capital Gain, and it comes in different types. Knowing how to calculate capital gains in relation to each type is important. It will help you have a better understanding of how taxes are calculated. If you want to learn more about them, look no further. What is capital gain? Capital gains are the profits earned from assets due to their value appreciating over time. You need to sell the asset concerned for profits from value appreciation to kick in as a capital gain. Unless you sell the asset, all that remains is some unrealized gain. Capital gains are relevant to investment instruments like funds, stocks, property, and more. However, in the case of businesses, the capital gains narrative applies even to securities like machinery, equipment, furniture, and even vehicles. The idea here is that these securities add value to the organization, helping it grow and make more money. While capital gains are essentially the profits made once the asset is sold, some financial statements have a place for unrealized capital gains—that is, for profitable unsold assets. Types of capital gain The duration of holding determines how much profit is made or loss is incurred. That is why capital gain can be of two types based on how long the underlying asset was held. Short-Term Capital Gain (STCG): Profits made from selling capital assets... --- ### Mango DAO settles for 50% recovery of stolen funds > The settlement enables them to recover more than 50% of the stolen funds, but as a result the hacker gets to keep $47 million. - Published: 2022-10-17 - Modified: 2022-10-17 - URL: https://coinswitch.co/switch/news/mango-dao-settles-for-50-recovery-of-stolen-funds/ - Categories: News - Tags: crypto, news In an attempt to recover funds from last week’s hack, DeFi platform Mango DAO has chosen to take the settlement route. The settlement enables them to recover more than 50% of the stolen funds, but as a result the hacker gets to keep $47 million. The Mango hack was one among a series of DeFi hacks that have unfolded this year. The Binance Smart Chain was exploited less than a week ago. The blockchain Mango runs on, Solana, was also attacked in August this year. Due to the exploit, Mango lost $100 million of user funds. The Solana-based platform, which enables the trading of digital assets for spot, margin, and perpetual futures, has a Decentralized Autonomous Organization (DAO) to make such decisions. After the settlement came through, the hackers returned $67 million, in accordance with the terms of the deal. The news was confirmed by Maximilian Schneider of Mando DAO, via a messaging platform, to Bloomberg. It was also subsequently shared on Twitter. https://twitter. com/mangomarkets/status/1581351549644591104   The settlement was wrapped up on Saturday after days of tense negotiations between the hacker and Mango officials. The hacker had posted a settlement proposal in the app’s governance forum soon after the hack. Mango has a bad debt that resulted from a bailout executed by Mango Markets and Solend in June 2022. The hacker had demanded Mango use the 70 million USDC in its treasury to pay off this bad debt. The proposal/demand was not approved by a majority of the platform’s token... --- ### Blockchain games continue to attract VC funders despite bear market: DappRadar report > Venture capitalists have poured in $1.3 billion into the blockchain gaming space, a recent Blockchain Game Alliance report by DappRadar reveals - Published: 2022-10-17 - Modified: 2022-10-17 - URL: https://coinswitch.co/switch/news/blockchain-games-continue-to-attract-vc-funders-despite-bear-market-dappradar-report/ - Categories: News - Tags: crypto, news Harsh market conditions may have kept retail investors away, but venture capitalists are doubling down on their investments in the crypto space. Venture capitalists have poured in $1. 3 billion into the blockchain gaming space, a recent Blockchain Game Alliance report by DappRadar reveals. While that is 48% lesser than the previous quarter, it is almost double the number from last year. “The amount of investments demonstrates that despite the challenging and uncertain conditions in the digital asset markets, major investment entities remain bullish on the blockchain gaming industry,” the report reads. The report also mentions that projects focused on building Web 3. 0 metaverse infrastructure accounted for almost 36% of quarterly investments. The report findings come at a time when the market has been having a dry run. The fact that blockchain gaming and metaverse are helping boost crypto adoption could spell hope for retail investors. Source: DappRadar Blockchain gaming: A bright spot on the crypto horizon The burgeoning interest is not entirely surprising. After all, according to the report, Web 3. 0 games account for almost half of the blockchain activity across 50 blockchain networks. Additionally, in September 2022, the blockchain gaming industry witnessed an 8% rise in the average number of daily Unique Active Wallets (dUAWs). The 912K dUAWs recorded account for almost 48% of blockchain activity. While other top blockchain platforms witnessed a slight decline in the number of UAW, Solana’s UAW increased by 269% or 45K compared to the previous quarter. And gaming is only... --- ### Crypto market update: 17 October 2022 > The crypto market moved as expected over the weekend, with some subdued activity. The top 10 cryptos displayed stability. The total crypto market capitalization is $916 billion currently. - Published: 2022-10-17 - Modified: 2022-10-17 - URL: https://coinswitch.co/switch/news/market-update-october-17-2022/ - Categories: News - Tags: crypto, market update, news The crypto market moved as expected over the weekend, with some subdued activity. The top 10 cryptos displayed stability. The total crypto market capitalization is $916 billion currently. The Crypto Fear and Greed Index, which measures the investor confidence, is currently at 20/100, in the Extreme Fear zone. That means a drop of four points over the last 24 hours. Today, the risk-off sentiment is expected to continue to impact the crypto market. The market is unlikely to witness any major upward price movement. The possibility of a 75 basis points rate hike during the last two months of this year will continue to impact the crypto market as liquidity conditions tighten and investors place their bets on safer assets. Top two coins Bitcoin (BTC) failed to break above the immediate resistance level of $19,300 on Sunday, and even pulled back a little, but it largely managed to hold on to its place. However, it fell short of the $20K level for the ninth consecutive session. With no crypto events to provide direction, BTC is likely to trade within the narrow range between $19,020 and $19,300. Source: TradingView Last week, Ether (ETH) failed to break above the key resistance level at $1,325. It has been losing strength since. However, the $1,280 level provided support, which enabled it to bounce back a little. Again, with volumes slowing down, ETH is likely to trade within the narrow range between the $1, 280 and $1,325 levels. Source: TradingView Top 5 gainers in the... --- ### Dominican Republic taps blockchain to boost economy > The government of Dominica, a tiny Caribbean island, announced that it has tied up with Tron to launch Dominica Coin, a fan token, - Published: 2022-10-14 - Modified: 2022-10-14 - URL: https://coinswitch.co/switch/news/dominican-republic-taps-blockchain-to-boost-economy/ - Categories: News - Tags: crypto, news The government of Dominica, a tiny Caribbean island, announced that it has tied up with Tron to launch Dominica Coin, a fan token, to boost the country’s economy. Under the agreement, Tron Protocol has been designated as Dominica’s national blockchain infrastructure that will help promote the nation’s rich cultural heritage. The announcement was made in a press release. Tron will issue Dominica Coin (DMC), which will be a blockchain-based fan token. Fan tokens are a type of crypto token that provides exclusive membership benefits and are generally associated with sports teams, brands, and other groups. The holder of the token is entitled to membership perks, exclusive content, and other benefits. This is the first time a country is launching a fan token. However, this is not an isolated development as many countries are experimenting with blockchain-based solutions to shore up their economies. The launch of Dominica’s fan token will help bring Tron and blockchain closer to the wider world and showcase how nations can benefit from blockchains. A statement from Prime Minister Roosevelt Skerrit said: “Dominica is committed to building a more inclusive and diversified economy with the help of new technologies. The open and cost-effective nature of the TRON blockchain infrastructure will play a vital role to better integrate small, developing states like Dominica into the global economy in the future. ” The country is known for its beaches, resorts, and golfing and has many natural attractions, including the UNESCO-recognized world heritage site Morne Trois Pitons National Park. The... --- ### 2022 a banner year for Web3 developers: Alchemy report > Web3 developers are building faster than ever despite market headwinds, according to the Web3 Developer Report (Q3 2022) from Alchemy. - Published: 2022-10-14 - Modified: 2022-10-14 - URL: https://coinswitch.co/switch/news/2022-a-banner-year-for-web3-developers-alchemy-report/ - Categories: News - Tags: crypto, news For Web3 developers, crypto winter seems to be no reason to slow down and look for other opportunities in the market. Web3 developers are building faster than ever despite market headwinds, according to the Web3 Developer Report (Q3 2022) from Alchemy. In fact, the report mentions that 2022 has been the most successful year yet for Web3 developers. For perspective, Web 3. 0 is the third version of the internet built on blockchain technology, which is set to reinvent cyberspace. The Alchemy report analyzed data from Etherscan, DappRadar, Github, NPM, and CoinMarketCap to check the developer activity around Web3 development. The download count for Ether. js and Web3. js, the two important Web3 libraries for developers, has skyrocketed by 10X in recent times. To recap, the weekly download count was 146,000 in 2018, which has skyrocketed by 10X to over 1. 5 million downloads per week. Compared to Q3 2021, the number of downloads has increased by 3x this quarter. On a year-on-year basis, developers submitted more than 17,376 smart contracts in September to popular block explorer Etherscan, a rise of 160%, showcasing increased interest in decentralized protocols. The increase in smart contract deployment indicates healthy developer activity and growth. Another metric to gauge the ecosystem's health is the number of dApps or end-user applications on different smart contract platforms. 12,495 dApps exist across all blockchains, up from 1,000 in 2018, according to DappRadar estimates. And, 2,500 dApps have at least one user in the last 24 hours in recent... --- ### Hackers have all the fun, in October > Hackers have successfully been able to siphon off $718 million from DeFi protocols, making it the worst month for the crypto market in 2022. - Published: 2022-10-14 - Modified: 2022-10-14 - URL: https://coinswitch.co/switch/news/hackers-have-all-the-fun-in-october/ - Categories: News - Tags: crypto, news It’s only halfway into October, and hackers could easily siphon off $718 million from DeFi protocols, making it the worst month for the crypto market in 2022. The amount stolen is from 11 different hacks/exploits on the DeFi protocol, while four exploits happened on 11 October alone, in which $122 million was siphoned off. Hackers drained $118 million from Solana-native Mango Markets, $2 million from TempleDAO, $1. 89 million from QANplatform’s Ethereum bridge, and $200,000 from Rabby Wallet. https://twitter. com/chainalysis/status/1580312145451180032 2021 was the biggest year in terms of value and number of hacks, according to a Chainanlyisis report. But going by the recent pace of exploits of different DeFi protocols and blockchain bridges, 2022 could well surpass 2021. So far, the crypto market has lost over $3 billion in hacks and exploits across 125 hacks in 2022. Compared to the trends observed in previous years, around 90% of hacks have targeted DeFi protocols in 2022. Hackers preferred to target cross-chain bridges, which are less secure and can be exploited easily. Out of the $718 million worth of exploits this month, 82% happened on cross-chain bridges. The most prominent one was the exploitation of the bridge between Binance’s BNB Smart Chain and Ethereum’s Beacon Chain, resulting in a loss of about $566 million. The second-worst month was March 2022, when hackers were able to siphon off about $625 million or 173,600 ETH and 25. 5 million USDC in the Ronin Network breach. It was the largest single hack to date for... --- ### UniSwap Labs raises $165M in funding; valued at $1.66B > UniSwap, has secured new funding of $165 million in a Series B round, which values the firm at $1.66 billion. - Published: 2022-10-14 - Modified: 2022-10-14 - URL: https://coinswitch.co/switch/news/uniswap-labs-raises-165m-million-in-funding-valued-at-1-66b/ - Categories: News - Tags: crypto, news UniSwap Labs, the parent company of the leading decentralized exchange UniSwap, has secured new funding of $165 million in a Series B round, which values the firm at $1. 66 billion. The funding round was led by Polychain Capital. The round marks one of the biggest fund raises in the history of decentralized finance. UniSwap Labs plans to use the funds to expand its services across the globe. Existing investors like a16z, Paradigm, SV Angel, and Variant also participated in the funding round. UniSwap, the leading decentralized exchange in the crypto space, has supported $1. 2 trillion in trading volume and has emerged as a leading public infrastructure for exchanging digital assets. The total value locked on the UniSwap protocol is $4. 84 billion and the exchange commands 64% of the DEX trading volume. The firm said in a blog post: “As Uniswap Labs focuses on products, a much broader ecosystem continues to grow and thrive beyond what any one company can do on their own. As an example, the governance community recently voted to create the Uniswap Foundation, which will contribute to the Protocol’s decentralized development and give at least $60 million in grants to community projects over the next few years. ” New initiatives In an interview with Decrypt at the Messari Mainnet Conference in New York, Uniswap Labs COO Mary-Catherine Lader said the foundation is working on several innovative products to increase the DEX’s market share. Lader said the top priority is to move trading volumes from... --- ### Tether chucks commercial papers, embraces US T-Bills > Tether Holdings announced on Thursday that it has removed commercial papers from its reserves entirely, replacing with US T-Bills - Published: 2022-10-14 - Modified: 2022-10-14 - URL: https://coinswitch.co/switch/news/tether-chucks-commercial-papers-embraces-us-t-bills/ - Categories: News - Tags: crypto, news Tether Holdings announced on Thursday that it has removed commercial papers from its reserves entirely as part of its commitment to back its tokens with completely secure reserves. The issuer of the world’s largest stablecoin USDT said the investments will be replaced by US Treasury Bills, which are more secure and liquid instruments. The firm made the announcement through a series of tweets. Commercial papers are unsecured debt instruments issued by corporations to raise funds to fulfill short-term requirements. Tether used to hold commercial papers worth more than $30 billion in its reserve, which it has now eliminated without taking any losses. It has also taken additional direct exposure to US Treasuries by more than $10 billion in the last quarter. USDT is the leading dollar-pegged stablecoin and has a circulating supply of 68. 426 billion. It has added 2 billion tokens to supply in the last three months. https://twitter. com/Tether_to/status/1580600942323720192 The chorus for replacing the risky commercial papers from the reserve grew louder after the crash of Terra Luna and the failure to maintain the $1 peg of UST stablecoin. The development roiled the market, leading to the crash of the DeFi ecosystem, which is yet to recover fully. In a blog post, Tether’s management wrote: “This announcement comes as part of Tether’s ongoing efforts to increase transparency, with investor protection at the core of the management of Tethers’ reserves. Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the... --- ### Sovereign Blockchains: This is the way > Web3 encompasses the underlying motives of political and social structures. Sovereignty has unsurprisingly become a focal point in its evolution. - Published: 2022-10-14 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/opinion/sovereign-blockchains-this-is-the-way/ - Categories: Opinion - Tags: Sovereign Blockchains The idea of sovereignty has long been formative in the evolution of society. It can best be defined as “supreme authority within a territory. ” At a basic level, it means that you are able to impose your rule of law and make decisions within your established territory. Sovereignty can be applied at the personal level and also at the national level. Historically, a tendency towards sovereignty has been evident. As an American, my country was formed in pursuit of sovereignty. The same goes for countries like India. Though there are instances like in Europe where some sovereignty has recently been sacrificed in forming the European Union, it remains a fundamental consideration in society. Web3 encompasses the underlying motives of political and social structures. With this being true, sovereignty has unsurprisingly become a focal point in its evolution. It was not always this way though as only recently has the concept become popularized. Years prior, it existed almost exclusively in a single, contrarian ecosystem: Cosmos. Since then, as Cosmos has grown and matured, the idea of sovereignty has spread and now has a permanent foothold in the space—the “Cosmofication” of Web3 is now underway. In this article, I will detail the following: The traditional, monolithic L1 blockchain and how applications exist on it Cosmos architecture and how applications exist on it Case study: Osmosis vs Uniswap Sovereignty vs Security Tradeoff → Compromise: Interchain Security Ethereum and Cosmos becoming more similar than different Ethereum: The Empire The traditional layer one (L1)... --- ### Crypto market update: 14 October 2022 > The crypto market was steady during Thursday's session as the total market cap hovered in the $920-$950 billion range. - Published: 2022-10-14 - Modified: 2022-10-14 - URL: https://coinswitch.co/switch/news/market-update-october-14-2022/ - Categories: News - Tags: crypto, market update, news The crypto market was steady during Thursday's session as the total market cap hovered in the $920-$950 billion range. The top 10 cryptos posted marginal gains in the last 24 hours with Bitcoin and XRP leading the charts. Despite the tech-heavy NASDAQ ending the day with a 2. 23% gain, the crypto market failed to capture the positive momentum. The Crypto Fear & Greed Index, which measures investor sentiment in the market, continues to be in the extreme fear zone. Meanwhile, US economic indicators continue to keep the market under pressure. The Core Consumer Price Index—which excludes energy and food prices—rose 6. 6% in September, compared to the year-ago period. The increase in consumer inflation is the highest in four decades. Persisting inflationary pressure increases the probability of further interest rate hikes in November and December. Top two coins source: tradingview Bitcoin fell short of breaking above $20K in yesterday’s session, which would have been a very positive development for the crypto market amid bearish sentiment. In the 4-hour chart, BTC has broken above the 50 EMA (exponential moving average) slope with huge volumes. However, it needs to break above the $20K level in today’s session to sustain the gains, or the market may witness selling pressure ahead of the weekend. source: tradingview ETH bounced higher from its key support level at $1,243 with strong volumes and is witnessing quite a bit of strength in the rally. In the last 24 hours, ETH has gained close to 3. 21% and... --- ### Crypto meme attack on North Korean scams > The crypto community has taken to bombarding North Korean leader Kim Jong-un with a series of memes. - Published: 2022-10-13 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/crypto-meme-attack-on-north-korean-scams/ - Categories: News - Tags: crypto, news, north korea The crypto community has taken to bombarding North Korean leader Kim Jong-un with a series of memes. The meme attack comes in response to North Korea launching a series of cyber attacks on crypto exchanges in 2022. The crypto community, which is popular for its sense of humor, has therefore struck back at a time when we have seen two major hacks unfold in the span of a week. First, BNB Chain lost $500 million drain in a hack. Then, Solana-based DeFi exchange Mango Market’s took a hit worth $100 million in an exploit.   Source: Twitter The attacks that took place earlier this year were launched by the Southeast Asian nation to fund its nuclear and ballistic missile programs. Following the exploits, North Korea deep dived into illicit activities using crypto—a fact that came to light are its multiple job and phishing scams were unveiled. Source: Twitter   The job scams involve North Korean scammers applying for jobs in the crypto industry, by impersonating real people. They also spy and sometimes exploit these workplaces. Some even use their pay to fund North Korea’s nuclear program.   Phishing scams were also rife. In March this year, the most well-known hack came to light. North Korea-backed hacking collective Lazarus Group stole $600 million from Axie Infinity’s blockchain, Ronin. The hackers would regularly send out job offers with spyware to Axie Infinity’s engineers. When one of the engineers opened one such offer, the North Korean hackers got access to Axie’s systems, helping... --- ### Crypto startup raises funds worth $18.1 million > Singapore-based crypto investment startup, Pillow has managed to raise $18.1 million in a Series A funding round. - Published: 2022-10-13 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/crypto-startup-raises-funds-worth-18-1-million/ - Categories: News - Tags: crypto, news Amid the ongoing crypto market crash, a Singapore-based crypto investment startup has managed to raise $18. 1 million in a Series A funding round. The startup called Pillow is a digital asset management platform. It has three Indian co-founders, Arindam Roy, Rajath KM and Kartik Mishra. The Series A round saw participation from eminent VCs, including Jump Capital. The round was co-led by Accel and Quona Capital. The Pillow project, which was launched last year, focuses on making crypto operations simpler. It does this by eliminating hurdles pertaining to gas fees, bridging, and security. Pillow aims to transform user experience in relation to investing and saving in blue-chip cryptos and US dollar-backed stablecoins. Pillow co-founder Roy took to Twitter to make the announcement. “We now move to the next phase of our journey, one where millions of users worldwide are able to meaningfully interact with digital assets without barriers of geography, education, or infrastructure,” he said. The fact that the platform was able to secure the funds despite the prevailing bear market confirms some predictions from earlier this year about VC funders remaining undeterred. A Reuters report, for instance, suggested that VCs had already invested $17. 5 billion in crypto firms, globally, during the first half of 2022. VC crypto investments could therefore surpass last year’s record of $26. 9 billion, the report concluded. “The current market conditions—I don’t think they faze investors,” said Roderik van der Graf, founder of Hong Kong-based Lemniscap, an investment firm that focuses on crypto... --- ### America’s oldest bank starts crypto custody services > America’s oldest banking corporation, the Bank of New York Mellon (BNY Mellon) will provide crypto custody services. - Published: 2022-10-13 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/americas-oldest-bank-starts-crypto-custody-services/ - Categories: News - Tags: crypto, crypto custody, news Institutional adoption of crypto is catching on, and America’s oldest banking corporation, the Bank of New York Mellon (BNY Mellon), has joined in. Starting this week, the bank will provide custody for BTC and ETH. The move makes BNY Mellon the first noteworthy US bank to provide custody for digital as well as traditional assets on the same platform. Earlier this year, BNY Mellon received approval for the crypto asset custody feature from the New York State Department of Financial Services (DFS), Wall Street Journal reports. The move marks an important shift in the approach of traditional banks toward digital assets. It signals growing acceptance of the legitimacy of digital assets. The skepticism toward digital assets has been fuelled by the lack of clarity around the topic of regulation. This is not the first time that the bank has taken a pro-crypto stance, though. Last year, BNY Mellon first established its crypto unit in Ireland. Then, it even urged the country’s finance authorities to introduce crypto regulations before the European Union (EU) lays out a regulatory framework for the industry. Custody banks like BNY Mellon are popular among fund managers who rely on them to track asset prices. In fact, BNY Mellon is the largest custody provider in the world. However, before now, fund managers had to turn to crypto specialists for safeguarding their digital assets. Customers who want to use this feature will have to allow the bank to store their private keys. This will enable the bank to... --- ### What is cash flow, and why is it important? > What is cash flow, and why is it important? We delve into the concept, using formulas and examples, and how to maintain a positive cash flow. - Published: 2022-10-13 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/personal-finance/what-is-cash-flow/ - Categories: Personal Finance - Tags: cash flow, money management, net income In a 2019 letter to shareholders, Warren Buffet raised questions about how accounting earnings were reported. Despite making a profit of over $24 billion, his company Berkshire Hathaway had to file a meager $4 billion as earnings. The unrealized losses on some investments had to be excluded. Buffet’s example shows why “net income” isn’t in fact a fair estimate of a company’s performance or its investor confidence. A cash flow statement gives you a better view. Cash flow is an important metric that could help individuals and companies evaluate their financial health, and this is where you can learn all about it. What is cash flow? Cash flow is a metric that enables us to study the flow of money into or from a business or an individual. It is a measure of the cash generated or consumed in a specific time frame. Cash flow helps make better budgeting and investing decisions. If you want to plan your finances, you need to take a closer look at cash flow statements—your own and that of companies and institutions you want to invest in. Cash flow vs. net income Cash flow isn’t the same as income. Net income/revenue generated/profit relies on accrual principles of accounting. It smoothes out expenses and tries to match revenue to product and service deliveries. Plus, as mentioned earlier in the Warren Buffet example, net income takes unrealized losses into account. Cash flow, on the other hand, paints a clearer picture by taking into account every possible cash... --- ### Crash test on Bitcoin Lightning Network causes nodes to fall out of sync > The Lightning Network, which helps and runs on Bitcoin, missed an entire block due to a complex multi-sig transaction causing nodes to fall out of sync with Bitcoin. - Published: 2022-10-13 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/crash-test-on-bitcoin-lightning-network-cause-nodes-to-fall-out-of-sync/ - Categories: News - Tags: bitcoin lightning network, bitcoin network, crypto, news Lightning Network, a network meant to improve Bitcoin’s efficiency, recently missed an entire block due to a complex multi-signature (multi-sig) transaction implemented as a crash test. This, in turn, caused the network’s nodes to fall out of sync with Bitcoin, the blockchain it runs on. The incident confirms some of the fears developers have had about large transactions on the Lightning network. It is the closest the world’s largest crypto, Bitcoin, has come to an outage. What do we know about the transaction? A multi-sig transaction by a Bitcoin developer to test the network’s limits was behind the development. Bitmatrix Founder, Burak Keceli created and executed a complex multi-sig transaction, which needed 998 keys out of the maximum of 999 for the transaction to go through. Normally, ​​only two signatures are required to spend funds on the network. The transaction went through on 9 October, costing Keceli just $4. 90 in fees. It was validated and mined into a BTC block. Following this, users pointed out that they were unable to stay in sync with the Bitcoin network. What caused the issue? The issue occurred because, despite adding the block, the Lightning Network Daemon (LND, a full implementation of a Lightning Network node) failed to correctly identify the most recent Bitcoin block. There was a bug in the filter (parsing library) of a BTC implementation, dubbed btcd, which ended up referring to an old version of the code to check and validate the block. The CTO of Lightning Labs, Olaoluwa... --- ### Firozabad police launches blockchain-based complaint portal > Firozabad police adopt blockchain technology to improve their daily operations with launch of police complaint portal on the Polygon network - Published: 2022-10-13 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/firozabad-police-launches-blockchain-based-complaint-portal/ - Categories: News - Tags: crypto, Firozabad police, news, Polygon Following in the footsteps of Goa police, cops at Firozabad have now decided to turn to blockchain technology to improve their daily operations. The police department of the city in Uttar Pradesh has launched an exclusive police complaint portal on the Polygon network. This will be India’s first-ever blockchain-based complaint management portal. The initiative was launched by renowned IPS officer Ashish Tiwari. Tiwari is known for his tech-savvy vision in the Indian police force. Firozabad police department’s official Twitter handle shared a video of Tiwari explaining the project. He said that “using emerging technologies like blockchain, a pilot portal, police complaint on blockchain. in, has been launched. ” The portal is “free of cost dedicated to the city,” he added. This isn’t the first time a police department in India has shown interest in blockchain technology. Earlier this year, in August, Goa police department launched a blockchain initiative. They collaborated with an Indian blockchain startup to facilitate a paperless record-keeping system that would enhance security and transparency. The new portal will allow people to lodge and track complaints to aid in criminal investigation within that jurisdiction. It will eliminate the possibility of corruption. Sandeep Nailwal, the co-founder of the blockchain network involved, Polygon, noted that the portal for the filing of First Information Reports (FIRs) will ensure that manipulation and corruption is not part of the civil justice system. Nailwal’s remarks were made as part of a Twitter post announcing the launch of the anti-corruption initiative on Wednesday. “With an... --- ### Crypto market update: 13 October 2022 > Today the crypto market update saw the broader market being flat ahead of the US CPI report, which is expected to be released today. - Published: 2022-10-13 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/crypto-market-update-13-october-2022/ - Categories: News - Tags: crypto, market update The broader crypto market is flat as it awaits the US Consumer Price Index report, which is expected to be released today. Dominant cryptos including BTC and ETH continue to hover around the $19,000 and $1,200 levels, respectively. However, according to FX Empire, these metrics may be reversed soon with a softened inflation rate. The Producer Price Index rose by 0. 4% in September, reversing August’s 0. 2% decline, and another 0. 2% rise might occur in the future. Furthermore, the annual wholesale inflation rate, which previously dropped from 8. 7% to 8. 5%, is expected to drop further, to 8. 4%. Stats for thought While the broader crypto market still looks flat, the daily stats below show tradeable movements. You may want to keep them in mind while you Do Your Own Research (DYOR) to plan your trades. The global crypto market cap has largely been stagnant with a small increase of 0. 21% in the last 24 hours. It is standing at $921. 37 billion at press time. However, the total crypto market volume saw some significant change. Monday’s $32. 80 billion transformed into $43. 96 billion, a number recorded at the time of writing. Despite its flat price movement, Bitcoin maintained its superior status with 39. 84% market dominance. BTC is trading at a significant distance from its $20,000 support. At press time, its price is at $19,108. The second largest crypto by market cap, ETH, on the other hand, stands at $1,293, at publishing time. According... --- ### OpenSea casts a wide net; sets up NFT shop on Avalanche > OpenSea, the largest non-fungible token (NFT) marketplace, will now support Avalanche-based NFTs. - Published: 2022-10-12 - Modified: 2022-10-12 - URL: https://coinswitch.co/switch/news/opensea-casts-a-wide-net-sets-up-nft-shop-on-avalanche/ - Categories: News - Tags: crypto, news OpenSea, the largest non-fungible token (NFT) marketplace, will now support Avalanche-based NFTs. The platform will allow creators to mint, list, and trade NFTs on the network. The Avalance team announced the integration of the popular NFT marketplace, OpenSea, on 11 October through a blog post. With this, OpenSea will operate on the blockchain alongside existing platforms like NFTrade and other Avalanche-focused NFT marketplaces, including Joepegs and Kalao. The development has to be seen in the context of slowing activity in the NFT space. OpenSea is the world's first and largest NFT marketplace. It aims to help creators, collectors, and collaborators engage with NFTs across multiple chains. On the other hand, Avalanche is the fastest smart contracts platform in the blockchain industry, popular for its fast, low-cost, and green features. A win-win deal The collaboration between OpenSea and Avalanche is not just a win for the NFT marketplace and its users alone. Both companies are benefiting from this move. OpenSea users will be able to settle NFT transactions in under a second with low transaction fees, thanks to Avalanche's success in horizontally scaling with Subnets. Avalanche will gain the much-needed exposure in the NFT space since it does not have a strong presence there despite launching in September 2020. For context, Avalanche saw just $2. 4 million in total NFT volume traded in September. Conversely, Solana, which launched around the same time, recorded nearly $130 million in total NFT volume traded last month, according to data from CryptoSlam. Avalanche is the... --- ### Search Google and ye shall find your ETH balance > Now, you can type an Ethereum address on the search bar and check the amount of Ether (ETH) in your wallet. - Published: 2022-10-12 - Modified: 2022-10-12 - URL: https://coinswitch.co/switch/news/search-google-and-ye-shall-find-your-eth-balance/ - Categories: News - Tags: crypto, news Google's search engine just got an upgrade. Now, you can type an Ethereum address on the search bar and check the amount of ETH in your wallet. The new feature works via Etherscan, a website that provides data on the Ethereum blockchain. While the new addition saves the need to make the trip to Etherscan, some crypto news publications reported that many Ethereum addresses didn't show up in the search. However, given that the feature was added just a day ago, on 11 October, the functionality may improve over time, and Google is releasing the feature gradually. Han Hua, Principal of Google Ventures, announced the feature to the public via a Twitter post, saying, "blockchain address is now available in Google Search. " Community concerns Despite the integration of ETH addresses with the Google search engine, it still needs some finetuning to offer hassle-free services to users. However, Google's efforts are commendable and sets the tech giant to play a pivotal role in onboarding internet users to the world of blockchain-based services and Web 3. 0. But given Google's reputation with ads, some users are on the fence about this new integration. SadPanda. blockchain, the former editor-in-chief at Web3ArtBlog. NFT, is the prominent among them. The comic writer expressed his concerns arguing that Google “will sell our blockchain data to advertisers in order to target us via our wallets! ” and went on to create a comic strip about the incident. Source:SadPanda. blockchain Google bullish on crypto The search engine... --- ### DeFi platform Mango loses $100M in hack > Mango Markets, a decentralized finance (DeFI) platform, is the latest victim of a hacking incident in the crypto industry. - Published: 2022-10-12 - Modified: 2022-10-13 - URL: https://coinswitch.co/switch/news/defi-platform-mango-loses-100m-in-hack/ - Categories: News - Tags: crypto, news Mango Markets, a decentralized finance (DeFI) platform, is the latest victim of a hacking incident in the crypto industry. The platform, which is hosted on the Solana blockchain, is reported to have been exploited for over $100 million. Mango Markets is a platform for trading digital assets on the Solana blockchain for spot margin and trading perpetual futures. The Mango hack comes amid a series of exploits in the blockchain space, including the Solana wallet breach in August that drained users' funds from hot wallets. The security breach led to multiple users losing funds to the tune of $5 million. Furthermore, another decentralized finance provider Binance Smart Chain (BNS), was hacked just a week ago, causing over $100 million in losses. The hack was initially reported on Twitter by blockchain auditors OtterSec, and was subsequently confirmed by Mango blockchain in a tweet stating that it was "investigating an incident where a hacker was able to drain funds from Mango via an oracle price manipulation. " In a series of tweets following the exploit, the DeFi protocol announced that deposits on the front end are disabled as a precaution. The team further urged users to not "deposit into Mango until the situation is more clear. " The hack was reportedly carried out via an oracle price manipulation. Oracle manipulation is when an oracle smart contract is manipulated by hackers. It is the most common exploit in the DeFi space. Hackers of this kind of exploit cause DeFi protocol system failure, theft,... --- ### BNB Smart Chain to hardfork after $100M hack > The BNB Smart Chain (BSC) is heading towards a hard fork close on the heels of the 6 October exploit that saw the platform lose about $100 million - Published: 2022-10-12 - Modified: 2022-10-12 - URL: https://coinswitch.co/switch/news/bnb-smart-chain-to-hardfork-after-100m-hack/ - Categories: News - Tags: crypro, news The BNB Smart Chain (BSC) is heading towards a hard fork close on the heels of the 6 October exploit that saw the platform lose about $100 million, leading to a temporary halt in its operations. The technology fix is scheduled to happen on 12 October. The news about the impending hard fork of the blockchain closely linked to cryptocurrency exchange Binance was announced through a post on 11 October on GitHub, the code hosting platform. The BNB Chain consists of BNB Smart Chain (BSC) and BNB Beacon Chain. A hard fork is usually undertaken by a blockchain protocol to implement fundamental changes to its governance structure or to fix loopholes that led to hacks or exploits as is the case with the Binance Chain. The post said that the hard fork is a “temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back. ” It further stated that the hard fork is for both the testnet and mainnet. For context, a testnet is a testing area for developers to build blockchain applications or test out specific capabilities without risking the main chain. In contrast, mainnet is the main blockchain that is fully operational for users. The hard fork, which is called Moran, will take place at block height 22,107,423, which is scheduled to happen on 12 October at 8:00 a. m. UTC. The success of the hard fork will see several upgrades to the Binance blockchain, including... --- ### What are crypto mining pools, and how do they work? > This article is for you if you want to learn more about crypto mining pools. Learn about mining pools and how they function, in this blog. - Published: 2022-10-12 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/crypto/what-are-crypto-mining-pools/ - Categories: Crypto - Tags: crypto While thinking about transport options, you might find yourself wondering whether you like driving yourself or carpooling. The first option surely gives you more privacy and you won’t have to engage in social niceties, but carpooling does help reduce the effort and cost involved. Crypto mining pools are a lot like carpooling. Like carpooling, it too comes with its share of advantages. Mining pools help miners looking to mine crypto in collaboration with others. They are pretty popular these days. But what are they exactly, and what makes them such an attractive option? What is a mining pool? Solo miners sometimes lack the computational power they need to successfully compete with other miners who are better off. Mining pools help such miners put their computational resources together to mine new blocks. They are, of course, given rewards to encourage them to keep their contribution to the pool going. To sum it up, mining pools enable solo miners to get the best possible rewards for the effort they put into securing the network and increase their chances of mining new blocks. The backstory of mining pools Mining pools emerged as a solution to the problem of mining costs getting higher. The rising costs were the outcome of the crypto space evolving. As mining difficulty increased, the computational power needed for mining new blocks faster kept going higher. This meant that solo miners could no longer afford the costs of the mining as they used to. That’s where mining pools came in.... --- ### Ripple forays into Europe to boost its ODL business > Crypto payments firm Ripple Labs appears set to expand in Europe despite the downturn in the nascent industry. - Published: 2022-10-12 - Modified: 2022-10-12 - URL: https://coinswitch.co/switch/news/ripple-forays-into-europe-to-boost-its-odl-business/ - Categories: News - Tags: crypto, news Crypto payments firm Ripple Labs appears set to expand in Europe despite the downturn in the nascent industry. The company behind the popular crypto XRP has signed agreements with two payment service providers in France and Sweden. The San Francisco-based firm’s expansion plans center around On-Demand Liquidity (ODL), a service that enables instant payment settlements and eliminates pre-funded destination accounts. The company aims to boost its ODL business and establish a stronghold in Europe through these partnerships. The news about the latest partnership was announced via a press release on 11 October. In France, the fintech firm has entered into a deal with Lemonway, a Paris-based regulated payments provider for online marketplaces. France's bullish attitude towards crypto and its underlying technology seem to have triggered the deal. Accordingly, Lemonway will use RippleNet's ODL, which leverages XRP for crypto-enabled payments, to enhance its treasury payments processes. Ripple also sealed a deal with Xbaht, a Swedish money transfer provider that focuses on remittance payments between Sweden and Thailand. The collaboration will enable Xbaht to offer instant and cost-effective retail remittances via ODL, supported by Tranglo, the cross-border payment hub based in Singapore. RippleNet to faciliate ODL expansion RippleNet is a decentralized global network of banks and payment providers. It provides real-time messaging, clearing, and settlement of financial transactions using Ripple's distributed financial technology. RippleNet has processed more than $15 billion in payments annually, according to the press statement. Powered by RippleNet, Ripple and its new patrons will make it easier for consumers... --- ### Crypto market update: 12 October 2022 > The crypto market had a mixed session yesterday, extending its bearish streak. Cardano (ADA) and Solana (SOL) led the way down. - Published: 2022-10-12 - Modified: 2022-10-12 - URL: https://coinswitch.co/switch/news/crypto-market-update-october-12-2022/ - Categories: News - Tags: crypto, market update The crypto market had a mixed session yesterday, extending its bearish streak. Cardano (ADA) and Solana (SOL) led the way down, with losses of 2. 00% and 2. 05%, respectively. However, Dogecoin (DOGE) bucked the trend with a 0. 98% rise. Among popular coins by market cap, Binance Coin (BNB) lost 0. 22%, while Ethereum (ETH) and Ripple (XRP) saw losses of 0. 73% and 1. 79%, respectively. XRP’s price drop seems to reflect investor concerns about the SEC vs. Ripple lawsuit. Bitcoin (BTC), the largest crypto by market cap, is also trending in the red, mirroring the larger crypto market sentiments. BTC recorded a 0. 34% loss, following a 1. 63% loss in the previous session. BTC price ended the day at $19,063, falling shy of the $20,000 level for the fourth consecutive day. Thursday's US Consumer Price Index (CPI) report is likely to have a bearing on the Fed’s rate hike policy and would influence the crypto market as well. Traditional market indicators, like the tech-heavy NASDAQ-100, fell by 1. 10%. The NASDAQ is an index closely tracked by crypto traders to help them make sound trading decisions. Meanwhile, the weakness in the broader crypto market is taking a toll on CRE8, a rupee-denominated index that indicates Indian market conditions. The index is down by 1. 14% in the last 24 hours and is trading at ₹2,642. 51. The Fear and Greed Index Despite a shift from a bearish market session on Monday to a mixed session yesterday,... --- ### European Commission to study DeFi activity on Ethereum > EU’s executive arm has put out a call to study Decentralized Finance (DeFi) activity on the Ethereum blockchain. - Published: 2022-10-11 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/european-commission-to-study-defi-activity-on-ethereum/ - Categories: News - Tags: crypto, news The EU’s executive arm, the European Commission, has put out a call to study Decentralized Finance (DeFi) activity on the Ethereum blockchain. The news came to light through a document published by the Commission last week. The Commission’s pilot study aims to “develop, deploy, and test” a built-in technology to monitor activities on a real-time basis within the DeFi space. It will also assess the need for regulatory measures. For this, researchers involved will collect automated supervisory data directly from the Ethereum blockchain and track it on a real-time basis. The study comes at a time when the DeFi space is growing in popularity but has been afflicted by many hacks and exploits. Crypto exchange Binance recently joined the long and growing list of blockchains hit by an attack this year. Yet, despite how common exploits have become, DeFi continues to be touted as a good replacement for traditional banks and financial institutions. And the fact that regulatory authorities have little control over the DeFi realm does not help. The EU has been closely monitoring the development of the crypto market for some time now. Recently, on 5 October, the EU also sealed the text of its landmark crypto laws, Markets in Crypto Asset Regulation (MiCA) and a law regulating fund transfer. MiCA is meant to help governments uncover the identity of those making crypto payments. Introducing the first-ever licensing regime, the law applies to EU crypto wallet holders and crypto exchange users. It also regulates reserves related to stablecoins,... --- ### Portugal proposes to tax short-term crypto gains > The draft budget 2023 document introduced on Monday reveals that a 28% tax could be applied to short-term crypto gains—t - Published: 2022-10-11 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/portugal-proposes-to-tax-short-term-crypto-gains/ - Categories: News - Tags: crypto, news Happy tax-free days could become a thing of the past for crypto traders in Portugal, if Finance Minister Fernando Medina has his way. A draft annual budget introducing a tax on capital gains made from crypto has now made it to the parliament. The draft budget 2023 document introduced on Monday reveals that a 28% tax could be applied to short-term crypto gains—that is, income made from crypto assets held for less than a year. This is the same rate at which traditional financial instruments are currently taxed in the country. The country has long exempted residents from a tax on capital gains from crypto. In fact, it has been the only country in Europe to do so. Germany, the largest economy in Europe, for example, only has a 0% tax rate on crypto gains for long-term holders—those who’ve been holding on to their crypto for more than one year. It also does not tax short-term crypto gains of less than 600 EURO. Portugal has been seeing a mass influx of migrants over the last decade, and crypto has been of the main reasons behind it. Crypto fans have been flocking to the “Bitcoin Beach” in Meia Praia to avoid the crypto taxation of other European countries. With the new law, these immigrants will have to look elsewhere. The move to tax short-term gains from crypto therefore isn’t entirely unexpected. The minister had even warned citizens about the end of tax-free days earlier this year, in May 2022. Portugal’s move... --- ### World’s first state-backed metaverse city launched > Sharjahverse will be the first metaverse of city scale.=meant to improve tourism in the region and economic and social utility in itself. - Published: 2022-10-11 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/worlds-first-state-backed-metaverse-city-launched/ - Categories: News - Tags: crypto, news Multiverse Labs, a decentralized Aritificial Intelligence startup, has created the world’s first state-backed metaverse city. The city called Sharjahverse was launched with the support of the Sharjah Commerce and Tourism Development Authority (SCTDA). Sharjahverse will be the first metaverse of city scale. While it is meant to improve tourism in the region, the new virtual city also has economic and social utility in itself. Sharjahverse will feature photorealistic elements that are also accurate in terms of physics. These elements combine to showcase the Emirate’s 1,000 square miles surface area. Sharjahverse is also expected to generate new metaverse-related jobs, in alignment with the vision of the neighboring state of Dubai. UAE has been aggressively making forays into the metaverse and Web 3. 0space for some time now. It intends to use these technologies to bolster its economy. Not only did Dubai host the first-ever Dubai Metaverse Assembly, the city also revealed a new economic metric for measuring the growth and contribution of the metaverse economy. The metric was meant to showcase the potential of a metaverse and how it could be a significant contributor to the future economy. The new metaverse city, Khalid Jasim Al Midfa, chairman at SCTDA, said, has the potential to transform the mass market tourism industry. It could play a key role in bringing in next-generation, sustainable practices. He said that the Sharjahverse will also enable unprecedented access to almost any location in the Emirate. The AI-driven technology will, in his view, promote Sharjah as a center... --- ### What are financial statements, and why are they important? > In the corporate world, a financial statement basically track and display the financial health of an organization. - Published: 2022-10-11 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/personal-finance/what-are-financial-statements-and-why-are-they-important/ - Categories: Personal Finance - Tags: financial statement, personal finance Remember how our dads used to remind us to keep track of our expenses? For dads, a financial statement would be the perfect scorecard to size you up and track where exactly the pocket money went that month. In the corporate world, though, financial statements track and display the financial health of an organization. Basically, the financial statement that an organization uses to assess its financial stability has three elements. The balance sheet helps to track the valuable holdings of a business and how they are divided in terms of assets, liabilities, and shareholders' equity. Put simply, it shows what a firm owes and owns. The income statement shows if the company is profitable or not after running business operations. The income statement starts at zero at the beginning of every fiscal year and records all income and expenditure that has a bearing on the company’s net profit throughout the year. The cash flow statement tracks how the company generates cash and where exactly that money is deployed in the business. What is financial statement analysis? To use an analogy, financial statement analysis is much like that well-planned trip with a proper itinerary and everything else in place. When you’re contemplating and preparing the to-do’s for each day of travel, it may seem a bit tedious, but it sure does make your trip more enjoyable. Financial statement analysis is mostly used by external stakeholders such as analysts to estimate a company’s future prospects by examining its past financial records. It... --- ### New peak in mining difficulty for Bitcoin > The difficulty meter recorded a 13% spike. This has been the biggest upward jump on the Bitcoin network since May 2021. - Published: 2022-10-11 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/new-peak-in-mining-difficulty-for-bitcoin/ - Categories: News - Tags: crypto, news Despite the bearish market and an almost 70% drop in the value of Bitcoin, the crypto giant’s mining difficulty rate has scaled a new high. The current all-time high is now 35. 61 trillion hashes. The jump can be attributed to crypto miners ramping up their operations and joining the network. The difficulty meter recorded a 13% spike. This has been the biggest upward jump on the Bitcoin network since May 2021. A rise in mining difficulty is a positive development for any Proof-of-Work blockchain like Bitcoin. The network security and operations of such blockchains depend on the efforts/work put in by miners, so the rise, which suggests an increase in the amount of effort, is good news. The Bitcoin mining difficulty is automatically adjusted to the hash rate changes every 2,016 blocks. Speaking to The Block, Kevin Zhang, senior vice president of the mining pool Foundry, said that the increase in mining difficulty rate can be due to various things. The deployment of new mining infrastructure and equipment and the coming online of existing mining facilities due to dissipating heatwaves could be factors. The news comes at a time when Bitcoin mining company TeraWulf, for instance, is ramping up mining operations. TeraWulf has raised $17 million in debt and equity for this. (The equity share amounts to $9. 5 million. ) The amount will be used to complete the new mining site and improve the mining company’s operations in Pennsylvania and New York. The latter is in the final... --- ### Polygon launches zkEVM public testnet, makes way for more users > Polygon’s Hermez testnet is built on top of the Ethereum blockchain. It is a zkEVM solution that will primarily help Ethereum scale up operations. - Published: 2022-10-11 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/polygon-launches-zkevm-public-testnet-makes-way-more-users/ - Categories: News - Tags: crypto, news Stepping up pace in the race to become the numero uno solution provider for Ethereum, Polygon has launched a public testnet. Polygon’s Hermez testnet is built on top of the Ethereum blockchain. It is a zkEVM solution that will primarily help Ethereum scale up operations. In addition to improving scalability, such solutions help blockchains reduce transaction costs through the mass transfer of transactional data. zkRollups, in fact, get their name from the fact that they help “roll up” or bundle up transactions to verify them all together. The introduction of this solution means that many more people will now be able to use the network as the transactions speed up. In the words of Polygon co-founder Mihailo Bjelic, developers will now be able to migrate from the Ethereum Virtual Machine (EVM), the program that scripts operations on the Ethereum network, to the zkEVM without having to use any new programming languages or tools. There will also be no changes in existing code. zkEVM enables developers to build and deploy decentralized applications on Ethereum in a quick and cost-effective manner. The testnet also allows cross-compatibility with existing smart contracts, developer tools, and wallets built on Ethereum and Polygon PoS. Polygon acquired Hermez Network late last year. The $250 million deal was the first-ever full-blown merger of two blockchain networks. Polygon network was the first to completely absorb another blockchain including its token. Polygon’s blog post announcing the recent launch read: “Today’s release of the Public Testnet achieves that vision, and we’re... --- ### Crypto market update: 11 October 2022 > It has been a bearish start of the week for the crypto market. Shedding $30 billion, the market cap inched toward the $900 billion mark. - Published: 2022-10-11 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/market-update-october-11-2022/ - Categories: News - Tags: crypto, market update, news It has been a bearish start of the week for the crypto market. Shedding $30 billion, the market cap inched toward the $900 billion mark. The worsening geopolitical situation and the fear of steeper Fed rate hikes added to the selling pressure. The Crypto Fear and Greed Index continues to hover around the extreme fear zone with no improvements in investor confidence in the crypto space. Meanwhile, there are no major developments in sight, so the crypto market is likely to shadow the global stock market in the near future. Nasdaq, the tech-heavy index followed by most crypto traders, was also weak yesterday. It ended the day lower by 1. 04%. The big two Bitcoin has dropped by over 2. 33% in the last 24 hours. It is currently trading close to its immediate support at $19,000. If it fails to bounce higher from here, there may be intense selling pressure. Should that happen, the next major support is at $17,900. The overall momentum continues to look weak, amidst falling trading volume. ETH has breached the strong support level at $1,280. If it fails to bounce back today, it could send ETH prices further down, toward the $1,100 mark. The support level at $1,240 has not been breached since July 2022. The chief gainers and losers from yesterday The market witnessed some top coins bleeding during yesterday’s session. XRP was down by 7. 13%, ADA by 6. 94%, SOL by 5. 20%, and DOGE by 5. 79%. The top three... --- ### DeFi lender issues notice over crypto loan default > DeFi lender TrueFi issued notice of default against the South Korean blockchain investment firm Blockwater Technologies - Published: 2022-10-10 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/defi-lender-issues-notice-over-crypto-loan-default/ - Categories: News - Tags: crypto, DeFi, news Decentralized finance (DeFi) lending platform TrueFi has issued a notice of default against the South Korean blockchain investment firm Blockwater Technologies for failing to pay off its crypto debt. According to TrueFi, Blockwater failed to repay a $3. 4 million loan in Binance USD (BUSD) stablecoin. In a blog post on Monday, TrueFi said that they had offered Blockwater “an exhaustive out-of-court workout” to pay back the loan including “a loan amendment to increase the borrowing rate and extend maturity. ” However, the DeFi lending platform ultimately decided to proceed with court-supervised administrative action in the interest of stakeholders given the complexity around the sudden insolvency. TrueFi claimed that this is their only declared default to date, and that the credit group continues to remain “vigilant and proactive with existing borrowers to ensure that reporting and compliance requests are being promptly met”, given the bear phase in the crypto market. The crypto lender underlined the fact that “the Blockwater default does not affect lenders in TrueFi’s USDC, TUSD, USDT stablecoin lending pools, nor any of TrueFi’s capital market portfolios. ” Following the notice of default, TrueFi said Blockwater has successfully completed 8 payments totalling $645,405 towards loan repayment. After accounting for this, the remaining amount is $2,967,458. Additionally, TrueFi unveiled its unsecured loans amount of worth $1. 7 billion out of which the lender has successfully collected $1. 5 billion in repayments in all of its 136 loans outstanding, generating $34. 34 million in interest for lenders. On a positive... --- ### PayPal retracts policy after it sparks Twitter rage > PayPal has withdrawn a recent policy change that sought to impose a fine of $2,500 on its users for spreading “misinformation” - Published: 2022-10-10 - Modified: 2022-10-10 - URL: https://coinswitch.co/switch/news/paypal-retracts-policy-after-it-sparks-twitter-rage/ - Categories: News - Tags: crypto, news, PayPal Online payment network PayPal has withdrawn a recent policy change that sought to impose a fine of $2,500 on its users for spreading “misinformation. ” PayPal claimed that the policy update went “out in error. ” The company was forced to retract the policy after the decision received significant social media backlash from the crypto community. David Marcus, CEO of Bitcoin-based startup Lightspark, and PayPal’s former president, took to Twitter, raising his voice against the policy update. Part of Marcus’ tweet noted how it is “insanity” for a private company to decide to take its user funds if the customer says something they disagree with. Following Marcus’ tweet, Tesla chief executive Elon Musk said he concurred with Marcus and said PayPal was in the wrong here. Along with Marcus and Musk, Maple Finance co-founder Sid Powell also made comments on the incident, explaining to users that this is why they need to have custody over their own funds. He tweeted that “PayPal is a good example of why you need to custody your own funds. Your finances used to be decoupled from free speech. Now custodying your own funds is the only way to safeguard that right for yourself. ” The policy that was mistakenly published noted that PayPal’s list of prohibited activities also included “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation” or “present a risk to user safety or wellbeing. ” If caught doing the same, users will face a penalty of... --- ### EU sanctions: Dapper Labs restricts Russian accounts > Dapper Labs restricted all Russian accounts after the latest sanctions from the European Union (EU) against the country and its nationals - Published: 2022-10-10 - Modified: 2022-10-10 - URL: https://coinswitch.co/switch/news/eu-sanctions-dapper-labs-restricts-russian-accounts/ - Categories: News - Tags: crypto, Dapper labs, news Dapper Labs, which specializes in NFT collectibles, blocked all Russian accounts after the latest sanctions from the European Union (EU) against the country and its nationals over its annexation of Ukrainian territories. Dapper Labs noted that it is taking action in the wake of EU’s new sanctions against Russia which were announced on 6 October 2022 which include financial sanctions that impact companies providing services related to crypto assets, according to the press release. The press release noted that “it is now prohibited to provide crypto-asset wallet, account, or custody services of any value to accounts with connections to Russia, irrespective of the amount of the wallet. ” It added that Dapper Labs’ “payment processing and stored value service partner is subject to EU regulations,” following which it had directed the company to “take action on all accounts held by those impacted by the October 6 restrictions, consistent with EU law. ” Following this, Dapper suspended accounts with connections to Russia from three major financial services including: The purchase, sale, or gifting of any Moment across all Dapper Sports Any withdrawals from your Dapper Account Dapper Balance Purchases While Dapper Labs restricted any financial services for all Russian accounts on its platform, it specified that none of these accounts have been closed by the company. Therefore, if sanctions against Russia were to be relieved in the foreseeable future, Russian individuals and entities will be able to access their accounts again. According to CoinSwitch’s reportage on EU’s updated sanctions, the ban... --- ### Institutional crypto adoption on a tear in Brazil > Crypto In Brazil experiences Record High Institutional Adoption amid bear market according to the Brazilian Tax Authority (RFB). - Published: 2022-10-10 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/institutional-crypto-adoption-on-a-tear-in-brazil/ - Categories: News - Tags: Brazil, crypto, news Brazil has something to cheer about amid the ongoing crypto bear market, registering record-high institutional adoption of crypto. According to the Brazilian Tax Authority (RFB), the country saw a significant increase in the number of institutions registering crypto ownership in August. According to RFB’s monthly data, there were 12,053 unique companies that held crypto asset on their books in the eighth month of the year as per CNPJ (Brazil's federal regulator). Interestingly, the institutional crypto drive in August came close on the heels of the Brazilian authorities registering a record-high for individual crypto declarations in July 2022. While Brazil had institutional players flooding the crypto market in August, the number of registrations for individuals remained below the record high achieved in July. July saw crypto declarations worth Brazilian Real (BRL) 13,095. 23 billion, showing a decrease compared to the month of June. However, the month of August continues to show a decline in the number of declarations, with BRL 11,036. 04 billion declared in the period by cryptocurrency investors in Brazil. Yet, for individual investment in Brazil's crypto sphere, the indicator remained high, with more than 1,300,000 individuals declaring they have some kind of crypto as part of their assets. Meanwhile, the Brazilian law enforcement authorities unearthed an ongoing crypto scam. The Federal Police (PF) posted on its website that they had busted a billion-dollar crypto scam in the Latin American country. While the details of the suspects were not disclosed, the police revealed that the probe began way back... --- ### What is cryptography, and what are the types of algorithms in crypto? > This article is on cryptography and explains why cryptography is vital for online data security. Also, learn all about the types of algorithms out there. - Published: 2022-10-10 - Modified: 2023-10-23 - URL: https://coinswitch.co/switch/crypto/what-is-cryptography-and-what-are-the-types-of-algorithms-in-crypto/ - Categories: Crypto - Tags: cryptography, security Many people find the world of crypto complex and scary, and that has a lot to do with how much jargon there is in the space. But regular folks like us shouldn’t have to give up on investment options simply because we are put off by the jargon. Besides, so many people saying “the grapes are sour” is no good for the crypto industry either. That’s why we are here to break it all down for you, one topic at a time. Today, we take on cryptography. Understanding a topic like this will help you understand how secure crypto projects really are. This is where you learn how cryptographic techniques work and what are the different types. What is cryptography? The word “cryptography” is divided into two parts. “Crypt” means hidden, and “graphy” means in writing. Cryptography, in layperson terms, is thus the study of hidden meaning in writing. In today’s world of modern finance, though, cryptography refers to something more specific than that. It is the use and study of techniques that enable us to secure information and communication but it usually involves coding. The practice of these techniques ensures that the message or information can only be accessed by intended recipients. In other words, it prevents unauthorized access. It is used in cryptographic key generation, digital signing, and verification. To sum it up, the goal is to protect data privacy and ensure confidentiality in communication. In modern finance, the techniques of cryptography are derived from mathematical concepts and... --- ### Binance CEO tries to clear the air on decentralization > Binance CEO: with the help of decentralization, the crypto industry aims to achieve a three-tier goal—freedom, security, and ease of use. - Published: 2022-10-10 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/binance-ceo-tries-to-clear-the-air-on-decentralization/ - Categories: News - Tags: binance, crypto, news Binance CEO Changpeng Zhao (CZ) opined that decentralization is merely a means to the goal, and not the end goal itself. While the term is as old as crypto itself, CZ believes that it is misinterpreted on many levels. CZ’s remarks come in the wake of last week’s BNB chain hack worth half a million dollars. In a Sunday blog published on Binance. com, CZ noted that with the help of decentralization, the crypto industry aims to achieve a three-tier goal—freedom, security, and ease of use. Nevertheless, the Binance chief executive pointed out that in order to achieve this goal, the industry has to understand the gray zone of what decentralization is. He wrote, “In essence, I believe the first thing to understand is that decentralization is not binary, and not single-dimension. There are multiple aspects to decentralization. Every aspect is a gradient scale, not simply black-and-white. ” Elaborating, CZ referred to the popular crypto phrase — “not your keys, not your coins” to compare two Binance entities as contrasting. CZ pointed out that if decentralization is like holding your own private keys, then TrustWallet, which is a Binance portfolio company, will be considered decentralized. However, Binance. com, the crypto exchange platform, will be a centralized organization. Furthermore, CZ asserted that the number of nodes or validators on a chain is a gradient scale to deem it centralized or decentralized. This is because while a lower number of nodes or validators makes the blockchain more centralized, there is no absolute... --- ### Crypto market update: 10 October 2022 > The latest market update saw XRP leading the gainers’ charge while BTC and ETH are still battling bearish movement. - Published: 2022-10-10 - Modified: 2022-10-11 - URL: https://coinswitch.co/switch/news/crypto-market-update-10-october-2022/ - Categories: News - Tags: crypto, market update, news Bullish market sentiment appears to balance out Monday blues with XRP leading the gainers’ charge. XRP notched up gains for the sixth consecutive session, while BTC, the largest crypto by market cap, continued to stay below its $20,000 support range, according to data from FX Empire. Furthermore, the crypto community is hoping for a breather from massive price swings as there is no significant development expected for market participants to sell the news, be it US economic indicators or hawkish actions from the Fed. Stats for thought While the broader crypto market still looks flat, these daily stats show tradeable movements while you DYOR: At the time of writing, the global crypto market cap stood at $947. 47 billion, marking a nearly 1% hike in a 24-hour window. However, the total crypto market volume was down by about $20 billion to $32. 80, compared to last week’s level of $52. 83 billion. Despite a slight correction of 0. 18% over the day, Bitcoin’s market dominance maintained its superior status at 39. 46%. At press time, BTC was trading below its $20,000 support at $19,506, while ETH, the second largest crypto by market cap, stood at $1,332 with nearly 2% hike in day-on-day price metrics. According to Tradingview, ETH/BTC ratio was down by over 19% since September 8 (pre-Merge), indicating a downward trajectory for the crypto market. The onshore crypto index (CRE8) is displaying a bullish trend with a 1. 6% rise over the past 24 hours. Trending coins Bitcoin’s trading... --- ### Shiba Eternity game is finally live for all SHIB Army > The much-awaited Shiba Eternity game, developed by the popular memecoin Shiba Inu (SHIB), is live globally. - Published: 2022-10-07 - Modified: 2022-10-12 - URL: https://coinswitch.co/switch/news/shiba-ethernity-game-is-finally-live-for-all-shib-army/ - Categories: News The much-awaited Shiba Eternity game, developed by the popular memecoin Shiba Inu (SHIB), is live globally, according to an official announcement. The game was initially released to users in Vietnam and Australia for beta testing and is now live for the global SHIB army. The Shiba Eternity game, believed to be the most complex collectible card game, allows its users to choose among 10,000 Shiboshi heroes, 500 collectible cards, 87 card traits, and 21 special bark powers. The collectible card game is now available for users to download and play on both Android and iOS devices. Within just a few hours of the launch, Shiba Eternity became the #1 card game on iOS in several countries. In this, it outperformed famous card games like UNO, Card Thrower 3D, and Monopoly Solitaire. Shiba Eternity also achieved over 10K downloads on Android devices a few hours after the launch. The news also coincides with Shiba Inu’s outpaced growth on the retail trading platform eToro. In a recent report shared by eToro, MANA and SHIB saw the biggest year-on-year surge in HODLers in the last quarter, rising 437% and 269% compared to Q3 2021. The Shiba Eternity game has been in the making for almost two years, and it was much-awaited by the SHIB community. The game was developed by William Volk, Alpha director at Shiba Inu Games and an expert in the gaming industry. Despite the excitement over the release of the Shiba Etherenity game, the SHIB community is demanding the release... --- ### Polygon teams up with OCEEF for ocean conservation > Blockchain scaling platform Polygon is partnering with the Ocean Conservation Exploration and Education Foundation (OCEEF). - Published: 2022-10-07 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/news/polygon-teams-up-with-oceef-for-ocean-conservation/ - Categories: News - Tags: crypto, news Blockchain scaling platform Polygon is partnering with the Ocean Conservation Exploration and Education Foundation (OCEEF). The goal is to advance ocean literacy and give people exposure to deep-sea missions. With this partnership, participants will be able to explore RV Odyssey, one of the most advanced ocean research vessels around the globe, through an immersive “change-making” experience in the metaverse. Furthermore, participants can help make key decisions surrounding the RV Odyssey and play a key role in deciding the vessel’s future expedition. They can also engage in the missions on board. OCEEF will also allow students to join the different missions and dives. These opportunities will be made available through Non-Fungible Tokens (NFTs), which would go toward funding the project. Platforms like Polygon taking up green issues is not unheard of, but it does mark another small but significant shift away from the past. The crypto industry has been facing some serious criticism from environmentalists for several years now. And Proof-of-Work, the most commonly used mechanism of verifying crypto transactions, in particular, was at the receiving end of much of the flak. Recently, there have been a few changes, though. Ethereum, the second largest crypto by market cap, in an event called the Merge, recently adopted a more eco-friendly mechanism called Proof of Stake. And Polygon is a layer-2 platform, which means that it runs on Ethereum’s blockchain and attempts to help it scale up. With its latest initiative, Polygon joins its host platform in the journey toward a more green... --- ### EU slaps Russia with new sanctions, bans crypto wallet services > The European Union (EU) has banned all crypto services in Russia as part of its eighth round of sanctions. - Published: 2022-10-07 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/news/eu-slaps-russia-with-new-sanctions-bans-crypto-wallet-services/ - Categories: News - Tags: crypto, news The European Union (EU) has banned all crypto services in Russia as part of its eighth round of sanctions. The step was taken in response to Moscow’s annexation of four Ukrainian territories as part of the ongoing conflict between the two countries. The newest and eighth sanction since the crisis broke out between the two countries was announced through a press release on the European Commission website. The ban means Russian account holders will no longer have access to crypto asset wallets, accounts, or custody services, irrespective of the amount of the wallet. This is a tightening of the EU’s existing prohibitions on crypto assets in the country. With this move, the EU has revoked the older limit, established in April. Until now, such services could continue servicing Russian wallets holding €10,000 or less. The latest sanction also widens the number of services that can no longer be provided to Russians or the Russian government. Such services include some that are fundamental to Russia’s functioning, such as IT consultancy, legal advisory, architecture, and engineering services. The additional restriction has been introduced a day after the EU confirmed some key points in relation to its crypto regulation. Under one of the new laws introduced, wallet service providers will now have to verify the identities of their users. This is not the first time crypto has come to the centrestage in the conflict-hit region. Earlier this year, in April, Bloomberg reported that Ukraine managed to raise more than $60 million worth of... --- ### What is commission? > So you're thinking of taking commission-based work. What exactly is commission? What purpose does it serve? Find everything you need to know about this type of income here. - Published: 2022-10-07 - Modified: 2023-08-28 - URL: https://coinswitch.co/switch/personal-finance/what-is-commission/ - Categories: Personal Finance - Tags: commission, personal finance When you think of income, it is likely that you may think of people who get it in the form of salaries rather than commissions. Yet, so many jobs out there are commission-based. Besides, chances are that you or someone you know will receive a commission at some point in your life. So, whether or not a large part of your current income is commission-based, it is important to have a basic understanding of how commissions work. When it comes to money, ignorance is seldom bliss. What is a commission? Commission refers to compensation that is proportionate to the amount of work done or the profit you have helped generate. But doesn’t that apply to all jobs? How are salaries different then? A salary based on your performance will probably be a fixed amount. And your performance is only evaluated after the base salary has been paid. With commissions, on the other hand, your pay each month depends on how much you deliver. The evaluation, therefore, is always ongoing. Commissions are thus a type of variable pay for products or services. So, for example, you earn money based on how many goods you sell, whether you fill your weekly, or monthly quota or have placed enough hires, etc. Some jobs offer commissions as additional pay—that is, in addition to a monthly salary. What sort of jobs are commission based? Sales roles usually function well on a commission payment model. Incentivizing success with a percentage of sales works in favor of... --- ### BNB hit by cross-chain bridge exploit > Crypto platform Binance has now fallen prey to a cross-chain bridge exploit. The exchange lost millions of dollars and had to halt operations. - Published: 2022-10-07 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/news/bnb-hit-by-cross-chain-bridge-exploit/ - Categories: News - Tags: crypto, news Crypto platform Binance has now fallen prey to a cross-chain bridge exploit. The exchange lost millions of dollars and had to halt operations on 6 October. The final value that the hacker got away with has yet to be determined. Analysts are still trying to figure out how to assess the value of frozen versus transferred tokens. Initial on-chain analytics reportedly showed that there was an exploit resulting in the loss of roughly 2 million BNB, valued around $600 million. But a BNB Chain developer on Reddit later suggested that the estimated exploits could amount to anywhere between $100 million and $110 million, with roughly $7 million frozen. Meanwhile, Binance CEO Changpeng Zhao too addressed the incident and assured users that their funds were safe in a Twitter thread. He further apologized “for the inconvenience and will provide further updates accordingly. ” However, after the incident BNB’s price has taken a hit, causing some concern among investors. The crypto space has seen multiple attacks of this kind in 2022. One of the more famous cross-chain token bridge attacks involved cross-chain messaging protocol, Nomad, which lost nearly $200 million in August this year. How the news broke After operations were halted, initially, BNB Chain took to its official Twitter account to deny rumors about an exploit. They claimed, instead, that the pause was simply due to some “irregular activity” on the blockchain. Subsequently, though, they went on to confirm that the delay was in fact due to an exploit. Following this,... --- ### MakerDAO invests $500M in US Treasury and corporate bonds > MakerDAO, the DAO that supports stablecoin DAI, is moving $500 million worth of the token to US Treasury and corporate bonds. - Published: 2022-10-07 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/news/makerdao-invests-500m-in-us-treasury-and-corporate-bonds/ - Categories: News - Tags: crypto, news MakerDAO, the decentralized autonomous organization (DAO) that supports stablecoin DAI, is moving $500 million worth of the token to US Treasury and corporate bonds. As much as 80% of the funds from its overcollateralized stablecoin will go toward short-term US Treasury bonds. The remaining 20% will be invested in investment-grade corporate bonds. The decision to allocate some pilot funds was made by the DAO after Wednesday’s vote, which went in favor of the proposal from June. The result of the poll was first shared on MakerDAO’s official Twitter official handle. A pilot deployment of $1 million was completed after the vote. A full investment is expected to follow in the next few days. The decision from one of the oldest DeFi providers comes amid a bear market in the digital asset space. Stablecoins like DAI have been the subject of much heated debate since earlier this year. The $40 billion ecosystem of one of the most well-known algorithmic stablecoin platforms, Terra, imploded in May this year, significantly contributing to market bearishness. The plan that spells some hope for the future of stablecoins and the crypto industry also arrives at a time when the DeFi space is facing multiple hacks. With this move, MakerDAO is aiming to diversify its balance sheet, limit exposure to any one asset, and expand revenue, according to a statement issued on 6 October. In addition, the move is meant to promote the use of digital assets in the traditional space, extending DAI's influence beyond crypto. The... --- ### Crypto market update: 7 October 2022 > The crypto market saw another mixed session. XRP led the way up with a four-session winning streak and ended the day with a 0.84% rise. - Published: 2022-10-07 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/news/crypto-market-update-7-october-2022/ - Categories: News - Tags: crypto, market update The crypto market saw another mixed session yesterday. If one goes by price moves, it seems that the SEC vs. Ripple case is continuing to positively impact Ripple (XRP). XRP led the way up with a four-session winning streak and ended the day with a 0. 84% rise. However, the session was not so favorable for some of the top cryptos by market cap. With Binance Smart Chain operations being paused after an exploit was confirmed on the chain, Binance Coin (BNB) led the way down, sliding by 2. 48%. Dogecoin (DOGE) and Solana (SOL) mirrored the trend, losing 2. 08% and 2. 07%, respectively, according to daily data from FXEmpire. The session also witnessed modest losses in Bitcoin (BTC), Cardano (ADA), and Ether (ETH). Although BTC lost only 0. 97%, this was the first time in three sessions that the crypto dropped below the $20,000 mark. As a result of the mixed session, the total crypto market cap fell to $918. 8 billion, shedding $6. 9 billion. CRE8, the onshore crypto rupee index, is currently at ₹2,683. 60. It has been trading flat over the last 24 hours, despite its major constituents BTC and ETH moving into the red zone. Crypto Fear and Greed Index The Crypto Fear and Greed Index, an index that measures investor sentiments in the crypto market, fell into the “Extreme Fear” zone yesterday. It saw a 3-point decline, dropping to 23/100. The decline is the result of the consecutive mixed sessions and BTC revisiting... --- ### Now, pay for your Big Mac in Bitcoin, USDT > McDonald’s has started accepting Bitcoin and USDT as payments in the Swiss town of Lugano. - Published: 2022-10-06 - Modified: 2022-10-06 - URL: https://coinswitch.co/switch/news/now-pay-for-your-big-mac-in-bitcoin-usdt/ - Categories: News - Tags: crypto, news Multinational fast-food chain McDonald’s has started accepting Bitcoin and USDT as payments in the Swiss town of Lugano. Customers can order and pay for their burgers at kiosks using a digital wallet app on mobile. The PoS machine will display a QR code to proceed with payments using either Bitcoin or USDT. The news was first reported by Bitcoin Magazine through a tweet. It posted a video showing how customers are ordering and paying for their orders in crypto using a mobile wallet app. https://twitter. com/BitcoinMagazine/status/1577000896172433408 For perspective, western Europe is witnessing an increased adoption rate for cryptos despite the bearish market sentiment. In fact, McDonald’s accepting BTC and USDT in Lugano is not a surprising development. In March 2022, the city of Lugano announced that it will accept Bitcoin, USDT, and LGVA tokens as legal tender. The Italian-speaking region of Switzerland has a population of about 63,000. On March 3, 2022, the city also signed a memorandum of understanding with Tether for the launch of Plan B. According to this plan, Tether will launch two investment funds of $106 million and $3 million as investment pools for investing in crypto startups and to promote the use of cryptos in daily transactions across the city. Besides, the city allows its residents to pay municipal taxes in cryptos. Cryptos can also be used to pay for public services such as parking tickets and tuition fees for students. McDonald’s first started accepting Bitcoin as payment in El Salvador, the first country to... --- ### Telegram enables P2P crypto trading for users through chats > Telegram has added a new feature to @wallet bot that will enable P2P crypto trading for users through chats - Published: 2022-10-06 - Modified: 2023-02-06 - URL: https://coinswitch.co/switch/news/telegram-enables-p2p-crypto-trading-for-users-through-chats/ - Categories: News - Tags: crypto, news Popular instant P2P messaging service Telegram has added a new feature to @wallet bot that will enable P2P crypto trading for users through chats. The bot will enable the purchase of cryptos with a bank card and would allow exchange and transfer of assets to other wallets through chat messages. @Wallet bot was launched in April and initially, it allowed users to buy, sell, and exchange Toncoin (TON) within chat messages. In the latest update, the bot will allow the sale of crypto between users through the Telegram app, with exchange services acting as a guarantor for each transaction. It will also have a dispute resolution process if there is a disagreement between the buyer and seller on the price. @Wallet bot is being pitched as offering “anonymous P2P deals. ” However, users need to share their mobile phone numbers to access the services and conduct crypto transactions, Blockworks reported. Users who are selling their cryptos through the bot need to pay a 0. 9% commission, while there is no fee on buy transactions. The process to sell cryptos through @wallet bot is easy. To sell cryptos, users need to post them on the app, from where buyers can choose. Currently, buyers can use USD, EUR, UAH, BYN, and KZT to purchase cryptos. Limited to TON and BTC, for now As of now, users can only buy and sell TON and BTC, and the offerings will be expanded later. A Telegram spokesperson told Blockworks that the @wallet bot is aimed... --- ### Fidelity expands crypto offerings with Ethereum Index Fund > US investment manager Fidelity Investments is offering its clients access to Ether through its recently launched Ethereum Index Fund. - Published: 2022-10-06 - Modified: 2022-10-07 - URL: https://coinswitch.co/switch/news/fidelity-expands-crypto-offerings-with-ethereum-index-fund/ - Categories: News - Tags: crypto, news US investment manager Fidelity Investments is offering its clients indirect access to Ether through its recently launched Ethereum Index Fund. Interestingly, the new fund is positioned as a limited partnership and is not an exchange-traded fund (ETF). The mode of investment is through private placement, which means the fund is available only to a select group of investors. Subscription to the fund requires a minimum investment of $50,000, according to the release. The fund will track the performance of the Fidelity Ethereum Index PR (FIDETHP) constructed using Ethereum price feeds from approved crypto exchanges and would reflect the price of ETH in US Dollar. The index uses a volume-weighted median price method with five-minute increments to determine the Ethereum price composite. The retail brokerage giant announced the launch of the Ethereum Index Fund through an SEC filing, and the fund has already raised $5 million in funds since it was opened for subscriptions on 26 September. Fidelity’s second foray into the crypto space The fund is launched by the firm’s Fidelity Digital Assets division, which was established in 2018. The unit had launched Fidelity’s Wise Origin Bitcoin Index Fund I in 2020. In an e-mailed response to CoinDesk, Fidelity mentioned that they recognize the need for a diverse set of products and solutions in the crypto space for customers to gain exposure. The investment manager said it seeks to align its products to match the financial objectives and risk tolerance of customers. The successful merge of the Ethereum network on... --- ### SWIFT network tastes success in CBDC payment trials > Global payment system SWIFT announced that it has successfully moved CBDCs and tokenized assets on its existing infrastructure in two different experiments. - Published: 2022-10-06 - Modified: 2022-10-06 - URL: https://coinswitch.co/switch/news/swift-network-tastes-success-in-cbdc-payment-trials/ - Categories: News - Tags: crypto, news Global payment system SWIFT announced that it has successfully moved CBDCs and tokenized assets on its existing infrastructure in two different experiments. The experiments were conducted in association with 14 central and commercial banks, including the central banks of France and Germany, HSBC, NatWest, Standard Chartered, UBS, and Wells Fargo. This clears the way for more collaboration among the participating entities to speed up the transition to full-scale deployment. The successful experiments are a major milestone for a smooth integration of CBDCs into the international financial ecosystem, according to the Society for World Interbank Financial Telecommunication. The SWIFT network has over 11,500 financial institutions and the findings from two different experiments solve a significant challenge of interoperability in cross-border transactions by bridging between different blockchain technologies and existing payment networks. Interlinking CBDCs In the first experiment, SWIFT in collaboration with Capgemini successfully conducted fiat-to-CBDC and CBDC-to-CBDC transactions between different blockchain networks based on Quorum and Corda technologies in a real-time gross settlement system. The experiment showcased that blockchain networks could be interconnected for cross-border transactions through a single gateway and SWIFT’s existing transaction management capabilities could manage all inter-network communication. Unlocking the potential of tokenized assets In the second experiment with different groups of participants, SWIFT showcased how its platform can be an interconnector between multiple tokenization platforms and different types of cash payment platforms. The second experiment was conducted in collaboration with Citi, Clearstream, Northern Trust, and SETL- its technology partner, and explored 70 different scenarios simulating market issuance... --- ### Sharp fall recorded in USDC circulation even as stablecoin market heats up > The total supply of USDC tokens has declined from 55.06 billion to 45.74 billion, a fall of over 9 billion units worth over $9 billion in the last three months. - Published: 2022-10-06 - Modified: 2022-10-06 - URL: https://coinswitch.co/switch/news/sharp-fall-recorded-in-usdc-circulation-even-as-stablecoin-market-heats-up/ - Categories: News - Tags: crypto, news Stablecoins appear to be anything but stable as the market outlook doesn’t look rosy for some stablecoins in the market. The total supply of USDC tokens has declined from 55. 06 billion to 45. 74 billion, a fall of over 9 billion units worth over $9 billion in the last three months. Notably, this is the highest fall in circulation for stablecoins recorded in any 90-day period. It also includes $1 billion worth of supply removed from the Tron network in a single day, earlier this month. The tokens are removed from circulation when holders redeem the coins for the underlying fiat currency. Circle permanently removes the token from the blockchain by sending it to the burn address once they are redeemed by holders. Many factors are contributing to the spike in the burn rate of USDC tokens and the primary reason is the decline in yield offered by major DeFi platforms to stablecoin lenders. Since the beginning of 2022, the yield for USDC lending on major DeFi platforms like Avalanche and Compound has declined by more than 70%, taking the yield lower than what is offered by the traditional financial market after a series of rate hikes by the US Federal Reserve. Also, Binance withdrawing support for USDC tokens on its platform and exchanging them with its own BUSD token has adversely affected the circulating supply of USDC. While the supply of USDC tokens has declined during the period, USDT supply has increased by more than 2 billion units... --- ### Crypto market update: 6 October 2022 > It was a mixed session for the crypto market on Wednesday with the total crypto market cap gaining a little above $10 billion to reach $974 billion - Published: 2022-10-06 - Modified: 2022-10-06 - URL: https://coinswitch.co/switch/news/market-update-october-6-2022/ - Categories: News - Tags: crypto, market update, news It was a mixed session for the crypto market on Wednesday with the total crypto market cap gaining a little above $10 billion to reach $974 billion. The lack of any signal from the crypto and global equity markets kept investors guessing about the next possible move. Nasdaq, the tech-heavy index that is closely tracked by the crypto market, ended the day lower by 0. 25%. However, the top 10 cryptos didn’t experience any weakness during yesterday’s session, with XRP leading the gainers with an 11. 77% increase in the last 24 hours. Bringing more cheer, DOGE witnessed some buying activity and gained 7. 40% as Elon Musk confirmed the Twitter buyout deal. Meanwhile, the Crypto Fear & Greed Index continues to hover between the Fear and Extreme Fear zone, showcasing weak investor sentiment. Top two coins On the daily charts, we can see that Bitcoin is facing strong resistance at the $20,200 level and is finding it difficult to break above for the last three sessions. It also coincides with 50-day EMA (exponential moving average) slope. A break above will be very positive for the market as it will clear two major hurdles (resistance) at once. If it fails to break above in today’s session, bears may tighten their grip on the market. The rising relative strength index (RSI) indicates underlying strength but needs to be monitored closely. On the 4-hour chart, we can see that Ether is moving within a tight range of $50, from the $1,325- $1,375... --- ### Andreessen Horowitz leads $40M funding for DeKnow protocol > Andreessen Horowitz (a16z) led $40 million investment into Golden which is a decentralized knowledge company - Published: 2022-10-04 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/news/andreessen-horowitz-leads-40m-funding-for-deknow-protocol/ - Categories: News - Tags: Andreessen Horowitz, crypto, news San Francisco-based investment fund Andreessen Horowitz (a16z) recently led a $40 million investment into Golden, a decentralized knowledge company that complies with and streamlines open source data and allows community access. This is the venture capital firm’s first foray into the space after focusing on centralized and decentralized finance companies. Other investors participating in the funding round are - Protocol Labs, OpenSea Ventures (the venture fund of the NFT marketplace), Harpoon Ventures, Vela Partners, and founders of Solana, Twitch, Dropbox, and Postmates, among others. Golden protocol’s testnet saw participation from over 35,000 users. Golden’s goal is to create a database for the discovery and verification of knowledge in an open source and transparent web3 manner. a16z at the forefront of investing in the crypto space The VC fund, founded by Marc Andreessen and Ben Horowitz, has already raised over $7 billion across four funds to invest in crypto and blockchain-focused companies. The $40 million investment is part of this fund. a16z has been plowing investments into the crypto space since the onset of the bear market. Arianna Simpson, a general partner at a16z, said the firm wants to take advantage of this market to focus on long-term projects. Simpson said, “Bear markets are often when the best opportunities come about, when people are actually able to focus on building technology rather than getting distracted by short-term price activity. ” Several top companies in the crypto industry such as OpenSea, Yuga Labs, Solana, Avalanche, and Dapper Labs are funded by a16z.... --- ### Singer David Bowie’s NFT sells for $127,000 > David Bowie’s rare NFT from his collection, ‘Bowie on the Blockchain’, was sold for 96.5 ETH or about $127,000 - Published: 2022-10-04 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/news/singer-david-bowies-nft-sells-for-127000/ - Categories: News - Tags: crypto, news, NFT Singer David Bowie’s rare NFT from his collection, ‘Bowie on the Blockchain’ was sold for a fortune on OpenSea. The rare Bowie NFT in collaboration with a 19-year-old NFT artist, FEWOCiOUS, was sold for 96. 5 ETH or about $127,000, going by ETH’s market price at the time of the purchase. The news brings cheer amid the broader crypto market crash and lackluster NFT sales. “Bowie on the Blockchain” is a limited 15-piece collection which celebrates the singer's legendary pop hits using colorful motifs. The collection emcompasses multiple NFT artists alongside FEWOCiOUS, whose real name is Victor Langlois. Moreover, the NFT sold for $127,000 features an animated video clip with a moving sculpture, which has one of Bowie’s custom suits on. “I thought it was so cool that he was always what he wanted to be. And created a world that he wanted to live in. That's really the feeling I try to capture in my art,” said FEWOCiOUS in the collection description. However, Bowie’s NFT was not the first in the recent bear market to sell for a higher price. Recently, an investor bought a CryptoPunk NFT for 3300 ETH aka about $4. 45 million, which counts as one of the largest sales in NFT history. Yet, the broader NFT market has languished in the recent months. Trading volumes for NFTs have dropped by 97% from its record-high in January 2022, according to a Bloomberg report based on data from Dune Analytics. From a high of $17 billion at... --- ### Binance expands its footprint in Kazakhstan > Binance signed a memorandum of understanding (MoU) with the Kazakhstan’s Financial Monitoring Agency of the Republic - Published: 2022-10-04 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/news/binance-expands-its-footprint-in-kazakhstan/ - Categories: News - Tags: binance, crypto, kazakhstan, news Leading global crypto exchange platform Binance signed a memorandum of understanding (MoU) with the Kazakhstan’s Financial Monitoring Agency of the Republic to expand its global law enforcement training program. After blowing hot and cold for long, Binance changed its approach last year and became regulator-friendly. Following this, the exchange entered into multiple deals with governments across the globe and the recent deal has to be seen from that perspective. Binance, which has big plans for Kazakhstan, a leading Bitcoin mining hub, has already received approval to operate in the country. The global law enforcement training program focuses on expanding the scope of crypto industry’s cooperation with law enforcement agencies globally to prevent financial crime and cybercrime. Accordingly, the central Asian country’s cryptocurrency industry is poised to grow with Binance as its leading crypto exchange. In August, Binance revealed that it had received in-principle approval from the Astana Financial Services Authority to operate in Kazakhstan. This means that Binance will be able to function as an official digital asset trading facility and provide custody in the Astana International Financial Centre . Interestingly, the move gives Binance a leg-up amid the ongoing crackdown on crypto mining rigs in the country due to the energy crisis, not to mention the spurt in crypto-related fraud. Kazakhstan to become a leading crypto hub Binance is seeking the first-mover advantage with consistent efforts to set up shop in the up-and-coming hub of crypto. Kazakhstan is taking pro-crypto decisions alongside regulating the sphere to ensure consumer protection.... --- ### Argentine state-owned firm, crypto miner join hands > Argentina's state-owned energy company began supplying energy to a crypto mining company - Published: 2022-10-04 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/news/argentine-state-owned-firm-crypto-miner-join-hands/ - Categories: News - Tags: crypto, crypto mining, news, YPF Argentina's state-owned energy company, YPF, has taken a pro-crypto stance and started supplying energy to a crypto mining company for its operations. While the name of the international crypto mining firm was not disclosed, this step may be the first of many where the state and the crypto industry join hands. Earlier this year, YPF announced the development of a 1 megawatt (MW) pilot for crypto mining, further promoting sustainability in crypto. According to the national news agency, Télam, this pilot enabled crypto mining operations to utilize energy generated from waste gas left over from oil production. Additionally, the company also aims to commence its second crypto mining pilot of 8MW toward the end of 2022. YPF Luz CEO Martín Mandarano noted that they “started to develop this generation pilot for cryptocurrency mining with a vision of sustainability and business from flare natural gas, which cannot be harnessed during exploration and at the beginning of the production of an oil field. ” Why crypto mining needs to become sustainable Earlier this year, we saw that the energy crisis combined with the ongoing bear market triggered a series of involuntary shutdowns of crypto mining rigs. A report from Bitdeer, a company that provides computing power-sharing services, pointed out how old bitcoin mining rigs were either closed down or sitting on the verge of shutdown due to lack of profitability. Source: Twitter Following this, Texas Bitcoin miners were left with no option but to shut down operations due to a heat wave.... --- ### What are savings, and why are they important? > Saving money is important because it helps you grow wealth and gives you financial stability. Learn the significance of saving money and how to start saving. - Published: 2022-10-04 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/personal-finance/what-are-savings/ - Categories: Personal Finance - Tags: savings, wealth management Most of us have heard the saying “A penny saved is a penny earned,” but how many can claim that we fully understand and live by it? Not everyone realizes that saving money is not an option and but a necessity. Too many end up living paycheck to paycheck, and some save, but not enough. Join us as we try to change that as we try to get you to look at savings in a fresh light and discuss what they can do for you. Let’s try to get into a saving mindset and learn about some instruments everyone could use. What are savings? We all know what savings mean. They are the unspent portion of earnings. It’s such an everyday term that you may wonder why bother defining it. Well, we should, because sometimes, when a term becomes a part of our everyday life, we begin to take its meaning for granted. When this happens, it is much harder to recognize if we are understanding the term wrong. And with a term like savings, you may end up not saving enough simply because you have a faulty understanding of the idea. That’s why most of us save after spending. We often think of savings as the amount that’s left behind after all expenses are covered. While that makes sense as a definition, the mindset behind it is not useful to have. Saving money should not be treated as an option, or something you do with what’s left.   Saving... --- ### SEC fines Kardashian $1.3M for crypto promo - Published: 2022-10-04 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/news/sec-fines-kardashian-1-3-mn-for-crypto-promo/ - Categories: News - Tags: SEC The US Securities and Exchange Commission (SEC) charged Kim Kardashian with $1. 26 million in penalties for failing to disclose receiving payment for promoting a crypto token on her Instagram page in June 2021. The reality TV star and social media influencer has also been directed to cooperate with the agency’s ongoing investigation. At the heart of the matter is a payment of $250,000 Kardashian received for publishing a post on her Instagram account about EMAX tokens offered by EthereumMAX. The US regulator has maintained the stance that the crypto asset is a security and Kardashian’s post contained a link to the EthereumMax website, which led potential investors to purchase this security without full understanding. A number of celebrities have endorsed crypto assets in recent years. The latest ruling is in line with the SEC’s stance that crypto tokens are investment products that come under its regulatory oversight. SEC Chair Gary Gensler further noted in the agency’s news release that “this case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors. ” He added that the SEC encourages investors to “consider an investment’s potential risks and opportunities in light of their own financial goals. " The SEC chair said that a famous case like this ought to serve as a reminder to celebrities and others that they are legally bound to disclose when and how much they are paid to promote investing... --- ### Crypto market update: 4 October 2022 - Published: 2022-10-04 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/news/crypto-market-update-4-october-2022/ - Categories: News - Tags: crypto, market update After a lackluster September, October too began on a subdued note as the weekend saw the broader crypto market trading in the red. Monday was no different either, with the long-standing slow market streak continuing, while Tuesday looks uninspiring so far despite a slight uptick in the global crypto market cap. The US Federal Reserve’s weekend announcement regarding interest rates appears to have cast a pall over the market. Stats for thought While the current crypto market looks rather stagnant, these daily stats may make or break a trade: At publishing time, the global crypto market cap stood at $941. 7 billion, registering a 1% increase in the last 24 hours. Furthermore, the total crypto market volume was over 20% in a day at $52. 83 billion, but massively low as opposed to last week’s $80. 41 billion. Bitcoin’s market dominance maintained its superior status at 39. 8%, indicating a rather small increase of just 0. 08% over the day. While BTC was trading at $19,530 at publishing time, while ETH, the second largest crypto by market cap, stood at $1,320 with nearly 2% hike in day-on-day price metrics. According to Tradingview, ETH/BTC ratio was down by almost 20% since September 8 (pre-Merge), which means the crypto market continues to remain in the bear phase. The broader market sentiment and the onshore crypto index (CRE8) also displayed stagnancy with barely any movement over the past 24 hours. At the time of reporting, CRE8 was only up by 0. 10% in... --- ### Transit Swap loses $23M to hackers but subsequently recovers 70% of it > In another case of hacking in the crypto market, Transit Swap, a cross-chain swap aggregator platform, lost roughly $23 million. - Published: 2022-10-03 - Modified: 2022-10-03 - URL: https://coinswitch.co/switch/news/transit-swap-loses-23m-to-hackers-but-subsequently-recovers-70-of-it/ - Categories: News - Tags: crypto, news In another case of hacking in the crypto market, Transit Swap, a cross-chain swap aggregator platform, lost roughly $23 million. The exploit involved the manipulation of an internal bug on a swap contract by a hacker. However, the quick response of several blockchain security companies helped facilitate the subsequent return of around 70% of the amount. The funds returned came in the form of 3,180 Ether (ETH) at $4. 2 million, 1,500 Binance-peg ETH at $2 million, and 50,000 BNB at $14. 2 million, according to BscScan and EtherScan. The Transit hack follows the massive $160 million stolen from algorithmic market maker Wintermute some weeks ago. In another incident, a hacker used an Ether (ETH) arbitrage trading bot to exploit a “bad code” vulnerability. The hacker got with 1,101 ETH in the end. Crypto analysis firm Chainalysis reported $1. 9 billion worth of hacks from January to July 2022, a 60% increase over last year’s numbers. The Transit team took to Twitter on 2 October to address the hack. In the Twitter statement, the DEX aggregator revealed that a self-review by the TransitFinance team confirmed the way in which the hack was conducted. The statement further assured that “security companies are tracking the relevant data on-chain. ” Following the revelation, Transit Swap apologized to users and assured them that efforts were being made to track and recover the stolen funds. The Transit team employed blockchain security firm PeckShield to help them narrow down the attack to a compatibility issue or... --- ### "Rich Dad Poor Dad" author recommends BTC > The author of Rich DadPoor Dad, Robert Kiyosaki, has come out in support of Bitcoin, calling it one of the investments to buy. - Published: 2022-10-03 - Modified: 2022-10-03 - URL: https://coinswitch.co/switch/news/rich-dad-poor-dad-author-recommends-btc/ - Categories: News - Tags: crypto, news As the US Federal Reserve continue to raise interest rates, the famous American author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has come out in support of Bitcoin, calling it one of the investments to buy. The writer recommends that users “BUY more” of Bitcoin, silver, and gold, since the prices of all three are likely to drop if the Fed hikes continue. The opinion came to light via a tweet shared on 2 October 2022. Rich Dad Poor Dad, Kiyosaki’s well-known work published in 1997, is one of the most famous books on personal finance out there, and its popularity hasn’t waned. Although the book is several decades old now, it has been on the New York Times Best Seller List for over six years. Besides, Kiyosaki has 2. 1 million followers. So the writer’s tweets are of enormous significance and influence. Kiyosaki also envisions that the US dollar crash is likely to happen by January 2023, following the footsteps of the British pound (GBP). On 26 September, GBP fell to $1. 03, an all-time low. The dip came just days after the country’s highest tax cuts in 50 years. Earlier this year too Kiyosaki argued that this is the onset of the “biggest economic crash in history. ” The pro-crypto stance also isn’t a new for Kiyosaki. The American businessman has been a strong supporter of asset classes that the Fed cannot directly manipulate since May 2020. In an attempt to respond to the COVID-19... --- ### Flip’s launches NFT game for bear-hit traders > Trading platform Flip’s latest venture is meant to bring cheer to NFT traders who lost real money amid the crypto market’s downturn. - Published: 2022-10-03 - Modified: 2022-10-03 - URL: https://coinswitch.co/switch/news/flips-launches-nft-game-for-bear-hit-traders/ - Categories: News - Tags: crypto, news Trading platform Flip’s latest venture is meant to bring cheer to NFT traders who lost real money amid the crypto market’s downturn. Traders can now bet fake money on JPEGs via a fantasy sports-like game being created by Flip. The game is now live on the Flip website. Platform co-founder Brian Krosgard announced the launch of this game called the NFT Fantasy League on 2 October 2022. The announcement was made by Krogsgard via his Twitter handle, Ledgerstatus. With the new game, anybody can create a mock portfolio and use it to participate in NFT trading without actually putting in real money. Registered players can pretend-buy NFTs, and those with the best-simulated portfolio performance will win prizes. The platform is meant to bring fun amidst the bears and benefit those who do not have enough Ether to spend on huge sweeps but still want to enjoy flipping JPEGs, Krogsgard told Coindesk. The development opens up the doors of the NFT market for a much wider audience. NFTs in 2022 and Flip The NFT space plunged into a downward spiral after much hype in 2021. The trading volume of NFTs dropped nearly 97% from this year’s January high, according to data from Dune Analytics. Additionally, some of the priciest NFTs began to lose value. Earlier this year, for instance, in April 2022, news broke about one of the world’s costliest NFTs, made from Twitter founder Jack Dorsey’s first tweet, was up for grabs for a mere $14,000. The bear market, however,... --- ### Singapore-based crypto banking platform Juno raises $18M > Crypto banking firm Juno has raised $18 million in a Series A funding round led by ParaFi Capital, a crypto-native investment firm. - Published: 2022-10-03 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/news/singapore-based-crypto-banking-platform-juno-raises-18m/ - Categories: News - Tags: crypto, news Crypto banking firm Juno has raised $18 million in a Series A funding round led by ParaFi Capital, a crypto-native investment firm. The funds will reportedly be used by the startup which offers crypto checking account services to offer a wider range of products and operations and also to launch its first tokenized loyalty program. The funding, announced on 1 October, has scores of other backers in addition to ParaFi. Antler Global, Greycroft, Jump Crypto, Hashed, Mithril, 6th Man Ventures, Abstract Ventures, and Uncorrelated Fund are some of the other funders. The latest funding round gives a boost to the startup and the evolution of checking accounts. Before this, Juno had acquired $3 million through a seed funding round in 2020. Sequoia India’s Surge, Dragonfly Capital, Polychain Capital, Consensys Ventures, Balaji Srinivasan, Surojit Chatterjee, Sandeep Nailwal, and Ryan Selkis joined in to back the firm at the time. The company also launched a new token that is meant to serve as a loyalty program of sorts. JCOIN, short for Juno coin, will only be distributed to 70k+ verified account holders. The token is an ERC20 token. Like credit card rewards points, JCOIN will be given to members who use their Juno accounts to earn or spend in crypto. In addition, it provides exclusive and exciting offers, collectibles, and in-app boosts redeemable through JCOIN, on the Juno Store. About Juno Juno is a Web 3. 0 crypto firm that offers customers checking accounts tied to crypto assets. The startup was originally... --- ### Bitcoin ATM installation sees global drop for the first time > The number of Bitcoin ATMs installed fell to 37,980 in September, according to statistics from Coin ATM Radar. - Published: 2022-10-03 - Modified: 2022-10-03 - URL: https://coinswitch.co/switch/news/bitcoin-atm-installation-sees-global-drop-for-the-first-time/ - Categories: News - Tags: crypto, news Bitcoin ATMs have emerged as the latest victim of the ongoing crypto bear market. The number of Bitcoin ATMs installed fell to 37,980 in September, according to statistics from Coin ATM Radar, a company that maps crypto ATMs. The drop is significant because just a month ago, in August, the number was at an all-time high of 38,776. This is the first time that the installation number is trending negative. As many as 797 crypto ATMs were pulled off the global network in the same month. The change has a lot to do with the United States, which discontinued the bulk of ATMs. However, fresh deployments on the ground in Europe, Canada, and a few other jurisdictions prevented a further dip in numbers. Reasons for the decline While the ongoing crypto winter undoubtedly contributes to the decline in the global Bitcoin ATM installation, many other factors were also responsible for the drop. Bitcoin has dipped by more than 50% from its November 2021 all-time-high. The world’s largest crypto is now struggling to move beyond the $20,000 mark. Furthermore, geopolitical tensions have impacted every aspect of the crypto market. The lack of regulatory regulation among governments around the world and market uncertainties don’t help either. Not all gloom Despite the declining number in the number of Bitcoin ATMs, data based on 60 days suggest that the global daily installation of crypto ATMs continues to grow. Nearly 14 crypto ATMs are being installed globally daily. The major contributors to this growth are... --- ### Crypto Market Update: 3 October 2022 > After a choppy end last month, the crypto market is starting October with some modest improvement. - Published: 2022-10-03 - Modified: 2022-10-03 - URL: https://coinswitch.co/switch/news/crypto-market-update-october-3-2022/ - Categories: News - Tags: crypto, market update, news After a choppy end last month, the crypto market is starting October with some modest improvement. Sunday’s session was mixed due to investor angst over the Fed announcement and the global economic outlook. Many of the top cryptos by market cap were seen trading in the red, with a few exceptions like Binance Coin (BNB). Ripple (XRP) led the way down, sliding by 5. 64%. It eventually witnessed a return to $0. 45. Mirroring it was Cardano (ADA), which also traded in the red, losing 2. 56%. Dogecoin (DOGE) and Ethereum (ETH) followed with 2. 16% and 2. 65% drops, respectively. Following a 0. 59% decline on Saturday, Bitcoin (BTC) too fell by 1. 29%. Despite the decline, BTC ended the week on a high, up by 1. 33%, at $19,067 as of 2 October 2022. Crypto Fear and Greed Index Despite the mixed session, the Crypto Fear and Greed Index, which measures the market sentiment, stayed at 24/100, indicating extreme fear. This has to do with the fact that the index mostly reflects price action in relation to BTC, which fell below the $19,000 mark. This marks a slight improvement in the index, which was at 21/100 on Friday. The index will need to avoid tipping below 20/100 to support market sentiment. A fall below this would mean BTC’s price is plummeting below the second resistance level of $18,000. Top gainers and losers According to live data from CoinSwitch, among the top losers is XRP, continuing its downward trend... --- ### California adopts blockchain-powered recordkeeping > California, one of the more pro-crypto US states, is all set to embrace blockchain technology for safe recordkeeping. - Published: 2022-09-30 - Modified: 2022-09-30 - URL: https://coinswitch.co/switch/news/california-adopts-blockchain-recordkeeping/ - Categories: News - Tags: crypto, news California, one of the more pro-crypto US states, is all set to embrace blockchain technology for safe recordkeeping. The facility to deliver records to users through the blockchain option became a reality when Governor Gavin Newsom signed the proposal into law on 28 September. The law states that individuals will have the option to procure blockchain-native marriage, birth, and death certificates, along with the standard ones. However, blockchain for recordkeeping isn’t the only crypto-specific proposal that has been keeping Governor Newsom busy. Earlier this week, he vetoed a statewide regulatory bill, stopping it from becoming law. He mentioned that the proposed bill seemed premature and that a lot more flexibility is needed to prepare a regulatory framework. Had the governor signed the same into law, every crypto company based out of California would have had to acquire a license to operate. The fine print The “Blockchain for Recordkeeping” law instructs all county offices to allow for blockchain integration when it comes to verifying credentials. All relevant certificates would be issued and delivered (as PDFs) instantly using this novel technology. The bill was initially introduced by Senator Robert Hertzberg. Hertzberg, in a statement released to CoinDesk on 29 September 2022, said blockchain-powered recordkeeping is convenient and secure. He added that this legislative move also shows the world that California is leading the path when it comes to innovation via novel resources. Hertzberg opined that the blockchain-based route is not just cheaper and faster, but also paves the way for an efficient... --- ### USDC issuer has a game plan to rope in traditional merchants > Circle, the firm behind USD Coin (USDC), recently acquired Elements— a payment service provider. Read more to know the details - Published: 2022-09-30 - Modified: 2022-09-30 - URL: https://coinswitch.co/switch/news/usdc-issuer-to-rope-in-traditional-merchants/ - Categories: News - Tags: crypto, news Circle, the firm behind USD Coin (USDC), recently acquired Elements— a payment service provider— to simplify the entry of traditional merchants into the digital realm. The company revealed this at the Converge22 event held in San Fransisco on 29 September 2022. The development comes a day after USDC unveiled its plans to embrace cross-chain interoperability and expand across multiple blockchains. By acquiring Elements, Circle looks to onboard real-world merchants, allowing them to seamlessly integrate their existing payment service providers with the world of VDAs. Elements is expected to bridge the real-to-virtual gap and lower the entry barrier for traditional businesses and merchants. Nikhil Chandhok, CPO at Circle, believes that acquiring Elements will help unlock crypto’s utility value by making the next-gen financial services and payments more accessible. Elements chief executive Nafis Jamal is also optimistic about the association. He said that the natural synergy in business operations would enable merchants to transition into the world of affordable payments. Gearing up for ‘stable coin wars’ The Fed rate hikes have made stablecoins more valuable than ever, courtesy of the strengthening dollar. Therefore, stablecoin issuers like Tether and Circle are trying to make their presence felt across multiple ecosystems—to gain the upper hand in “Stablecoin Wars. ” With USDT announcing its association with Near and Polkadot chains, it is natural for even USDC to look ahead. And while USDC did announce a multi-blockchain outlook, acquiring a payment service company would certainly lend more credibility due to its merchant-specific nature. In other words,... --- ### Ola! Spanish telecom major enables crypto payments > The $19-billion company Telefónica has partnered with Spanish crypto exchange Bit2Me to kickstart this initiative. - Published: 2022-09-30 - Modified: 2022-09-30 - URL: https://coinswitch.co/switch/news/spanish-telecom-major-enables-crypto-payments/ - Categories: News - Tags: crypto, news Spanish telecom giant Telefónica has finally enabled crypto-specific purchases on its Tu. com marketplace. The $19-billion company has partnered with Spanish crypto exchange Bit2Me to kickstart this initiative. Telefónica’s partnership with the local exchange was first reported by CoinDesk. The development shows that more global companies are recognizing the crypto-specific clientele with each passing day and hence diversifying their payment options. Also, adopting crypto for payments isn’t Telefónica’s first digital rodeo. The company already has a Polygon-based NFT marketplace in action with built-in MetaMask integration. Besides this, the company has recently partnered with Qualcomm, with plans to foray into the metaverse via an AR platform that is already in the works. Telefónica has been posting about metaverse from its official Twitter handle: https://twitter. com/telefonica_en/status/1575490602955075584 Telefónica’s technology marketplace Tu. com has activated crypto-specific payments using Bit2Me’s built-in payment functionality. With an NFT marketplace, Metaverse plans, and now crypto payments in play— Telefónica looks all set to aggressively join the Web 3. 0 bandwagon. However, Telefónica’s love for the blockchain technology goes back to 2019, when the telecom giant ran a pilot blockchain-powered marketplace for its users. --- ### FB, Instagram users in the US can now cross-post NFTs > For now, Facebook and Instagram will support digital asset crossposting to all users based in the United States. - Published: 2022-09-30 - Modified: 2022-09-30 - URL: https://coinswitch.co/switch/news/fb-instagram-users-can-now-cross-post-nfts/ - Categories: News - Tags: crypto, news Meta— the firm behind Facebook— has finally opened doors to NFT crossposting, allowing users to move the collectibles across platforms. For now, Facebook and Instagram will support digital asset crossposting to all users based in the United States. Meta has been playing around with digital collectibles for quite some time now. In August, the company allowed users to post NFTs as profile pictures across Instagram and Facebook. However, the cross-posting functionality announced on 29 September will be yet another step towards venturing into Web 3. 0, where continuity and user experience will be of utmost importance. Here is the official announcement tweet from Meta: How will this work? The user must first link the crypto wallet to the concerned platforms to post and share digital collectibles across platforms. This step shows that wallets are still the initial Web 3. 0 entry points. You also need to make sure that the wallet supports ERC-721 tokens— with ERC-721 being the widely accepted NFT standard. Once the wallet is connected, the user can choose any existing NFT to crosspost. The user can also tag collectors and creators while crossposting and sharing. Also, the entire process is supposed to be feeless. Meta has already extended support to several third-party crypto wallets, including MetaMast, Trust, Rainbow, Dapper, and Coinbase. As for the NFTs, collectibles pertaining to the Flow, Polygon, and Ethereum blockchains will be supported. Currently, users in 100+ countries can already post NFTs and connect their digital wallets to Facebook. Crossposting will soon be... --- ### Post-Vasil, Cardano has a dApp-specific upgrade > The Cardano ecosystem underwent yet another update—Plutus V2 enhancement— on 27 September 2022. Read more to know - Published: 2022-09-30 - Modified: 2022-09-30 - URL: https://coinswitch.co/switch/news/cardano-has-a-dapp-specific-upgrade/ - Categories: News - Tags: crypto, news The Cardano ecosystem underwent yet another update—Plutus V2 enhancement— on 27 September 2022. Input Output Hong Kong, the team behind Cardano, took to Twitter to announce the new upgrade and its dApp-specific benefits. https://twitter. com/InputOutputHK/status/1575490243100569603 The upgrade didn’t come as a surprise. Much before the Vasil upgrade took form, Cardano had promised an upgraded version of its existing Plutus scripting language. Now that the update is finally live, we can expect developers to make the most out of it, courtesy of better smart contract running speeds and an improved cost model. More about the upgrade While the Vasil hard fork aimed at achieving broader scalability, the Plutus V2 update mainly focused on dApps—in an effort to make them faster and receptive to complex scripting. Put simply, post-Plutus, dApp developers will find it easier to create complex applications on Cardano. But that’s not all. The improved cost model looks set to make dApp development cheaper. A Cardano-specific NFT project (Artano) implemented the Plutus V2, only to see the script size and the corresponding development costs come down by 90% and 75%, respectively. However, the initial results and developments shouldn’t be deemed conclusive. The company stated that network monitoring will continue for a minimum of four epochs (20 days) before a final call on the improved network capacity and capability is taken. Input Output Hong Kong also mentioned that while the positive effects on the dApps will be evident, the extent of the benefits will eventually depend on the type of dApp... --- ### Crypto market update: 30 September 2022 > The crypto market hasn’t changed sides over the past 24 hours, trading mostly flat on Friday morning. Here is a detailed market update. - Published: 2022-09-30 - Modified: 2024-10-21 - URL: https://coinswitch.co/switch/news/market-update-september-30-2022/ - Categories: News - Tags: crypto, market update, news Are we heading towards yet another “weakend”? No pun intended, but the crypto market hasn’t changed sides over the past 24 hours, trading mostly flat on Friday morning. Currently, the broader space is up by 0. 11%, with the global market capitalization still trying to reclaim the psychologically important level of $950 billion ($942. 70 billion at present). Significant developments It has been a lackluster week for crypto, barring a few key developments. These include: Bitcoin (BTC) trading volumes have been surging over the past few days, with a 42. 5% gain reported on 29 September 2022 (compared to 26 September). The market dominance of Bitcoin holds steady at 39. 46%, as of early Friday, down by 0. 11%, day-on-day. Total market volume has declined by 16. 29% over the past 24 hours, showing a dip in the daily trading action across altcoins. BTC’s exchange inflow numbers have moved above the six-month average, which might indicate some selling pressure building up. CRE8, the onshore crypto rupee index, is currently trading at ₹2,678. 24— up by 1. 26% in the last 24 hours. Source: Chainalysis Key coins Most crypto assets in the top 10 list are trading flat— trying to stay in line with the market. BTC, trading at $19,401— still needs to breach $21,500 for a fresh rally at the counter. At present, it is trading below the 200 MA and 50 MA levels, on the daily basis, indicating growing bearishness. Ethereum (ETH) isn’t euphoric either, down by 0. 76%... --- ### The Ethereum Merge survival guide: 7 tips to stay safe amidst the euphoria > Coinswitch brings you a detailed Ethereum Merge survival guide helping you steer clear of all the confusion and the trouble-makers. - Published: 2022-09-29 - Modified: 2023-12-26 - URL: https://coinswitch.co/switch/crypto/ethereum-merge-survival-guide/ - Categories: Crypto, Ethereum Merge - Tags: altcoin, crypto, ethereum merge There is no denying that the crypto world is thrilled about the Ethereum Merge, Ethereum’s recent upgrade which changed its transaction verification mechanism to Proof-of-Stake. Ethereum, clearly, has grand plans. It is aiming to achieve 1,00,000 transactions per second with 99. 98% environmental efficiency as the first step. But with great ambitions come great risks. Come Merge, you may find yourself wondering: Is there going to be a knockoff chain? Can my Non-Fungible Tokens (NFTs) be duplicated? And bad actors could try to fool you into taking bad financial decisions. There is so much confusion and so much misinformation already that it’s easy to fall prey to a lot of it even now. That’s why we, at CoinSwitch, decided to bring you a detailed Merge survival guide. This guide and its seven quick pointers should help you steer clear of all the confusion and the troublemakers. 1. Filter out the noise. The Merge is finally past us. And we know how confusing social media can be whenever there is an important event of this kind. Bad actors are sure to try to pump out legit-looking Twitter threads, insta reels, and other content pieces. Here is a list of issues that have already cropped up so far. (And it’s only been two weeks post-Merge! ) Airdrop scams asking users to share wallet access. Phishing attacks through emails and DMs under some pretext or the other, including helping users migrate to ETH 2. 0. (There is no token called ETH 2. 0,... --- ### PUBG designer's new project to include metaverse and NFTs > PUBG creator has announced that his next gaming project, “Artemis,” will feature the metaverse, NFTs, and blockchain technology. - Published: 2022-09-29 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/news/pubg-designers-new-project-to-include-metaverse-and-nfts/ - Categories: News - Tags: crypto, news Brendan Greene, the designer of PUBG, has announced that his next gaming project, “Artemis,” will feature the metaverse, NFTs, and blockchain technology. The new game will feature an earth-size virtual sandbox where players can play any game of their choice, Greene revealed in Hit Points, a newsletter by video game journalist Nathan Brown. After leaving Krafton, the South Korea-based video game company, in 2021, Greene announced a new project. PlayerUnknown: Prologue, the game he created, is an open-world survival game that featured a 40-square-mile map. This project is ultimately a tech demo for Artemis, according to him. Staff in the new gaming project include nuclear physicists and mathematicians, and it requires significant labor from human engineers, too. The arrival of Artemis marks a significant milestone in the evolution of gaming. Artemis is unlike traditional games; it is, in fact, better described, according to Green, as a decentralized interactive world where the inhabitants are free to make whatever they wish. Further, the scale of the metaverse involved will be unprecedented. Explaining the significance of this development, Greene reportedly says that we do not yet have the technology to create something like Artemis. That is why PlayerUnknown Productions has been dedicating its efforts to building a game engine, Melba, according to Green. The Artemis project will allow gamers and artists, rather than Greene, to earn money for their effort on the platform. All players will be able to modify the gameplay because of its open-source nature. --- ### BIS partners with Israel, Norway, and Sweden to explore CBDC uses > BIS has partnered with the central banks of Israel, Norway, and Sweden to explore the possibility of using CBDCs for retail and international remittance payments - Published: 2022-09-29 - Modified: 2022-09-29 - URL: https://coinswitch.co/switch/news/bis-partners-with-israel-norway-and-sweden-to-explore-cbdc-uses/ - Categories: News - Tags: crypto, news The Bank of International Settlements (BIS), situated in Basel, Switzerland, has partnered with the central banks of Israel, Norway, and Sweden to explore the possibility of using Central Bank Digital Currencies (CBDCs) for retail and international remittance payments. The partnerships are being made under Project Icebreaker, according to a recent press release. The bank’s Innovation Hub Nordic Centre will test key functions and technological feasibility of interlinking domestic CBDC systems. The central banks of respective countries will develop a new hub that can connect their proof-of-concept CBDC systems. The partnership will explore different use cases related to CBDC design and architecture, as well as the policy matters related to the use of CBDCs, according to the press release. The primary purpose of the project is to explore CBDC use cases and reduce cross-border remittance costs, increasing speed and efficiency. The final report of the project is expected to be presented at the end of the first quarter of 2023. This isn’t the first time BIS has made pro-CBDC moves. On 27 September 2022, the financial institution reported the success of a similar partnership with the central banks of Hong Kong, Thailand, China, and the United Arab Emirates. Testing and facilitating cross-border transactions worth over $22 million had been going on for a month before that. “This first-of-a-kind experiment will dig deeper into the technology, architecture, and design choices and trade-offs, and explore related policy questions. These learnings will be invaluable for central banks thinking about implementing CBDCs for cross-border payments,”... --- ### Beating the bears, a rare CryptoPunk NFT sells for $4.5 million > a CryptoPunk NFT #2924 just changed hands at a whopping $4.5 million or 3,300 ETH. - Published: 2022-09-29 - Modified: 2022-09-29 - URL: https://coinswitch.co/switch/news/beating-the-bears-a-rare-cryptopunk-nft-sells-for-4-5-million/ - Categories: News - Tags: crypto, news Despite the dwindling sales of NFTs and the dying craze for NFTs in the current bear market, a CryptoPunk NFT #2924 just changed hands at a whopping $4. 5 million or 3,300 ETH. This is the largest single NFT sale in recent months and the fourth-largest NFT deal of all time for CryptoPunks. A notable NFT collector who goes by the pseudonym seedphrase purchased the NFT There is no information available about the buyer so far. Before this, the NFT was sold for just 150 ETH ($71,400) in November 2020. https://twitter. com/cryptopunksbot/status/1575238937081221128? ref_src=twsrc%5Etfw In terms of rarity, this particular NFT is one of the 24 apes in the CryptoPunks collection, which is composed of 10,000 unique profile pictures. Based on its attributes, it is also the 38th rarest NFT in the collection by Rarity Tools. CryptoPunks is the most valuable NFT brand in the crypto ecosystem and its sales have yielded $2. 4 billion in secondary trading volume to date. The all-time highest sales value of CryptoPunk NFT was recorded in February 2022. Deepak Thapliyal, the CEO of cloud blockchain infrastructure startup, bought Punk #5822 for 8,000 ETH or nearly $24 million at the time. --- ### Dubai plans new economic output metric for metaverse economy > UAE is considering implementing a new economic output metric to measure the contribution of metaverse to its economy, - Published: 2022-09-29 - Modified: 2022-09-29 - URL: https://coinswitch.co/switch/news/dubai-plans-new-economic-output-metric-for-metaverse-economy/ - Categories: News - Tags: crypto, news UAE is considering implementing a new economic output metric to measure the contribution of metaverse to its economy, according to Omar bin Sultan Al Olama, minister of state for artificial intelligence, digital economy, and remote work applications. Gross Metaverse Product (GMP) will now be the new measure of the country’s economic success, instead of Gross Domestic Product (GDP), the minister said at the first-ever Dubai Metaverse Assembly. GMP is meant to showcase the potential of metaverse technology and how it can be a significant contributor to the future economy. “Gross Metaverse Product will be able to create billions of dollars in returns from Dubai without people being physically in the emirate but experiencing it in the metaverse,” Al Olama said as part of his address. The details of the Dubai Metaverse Strategy were unveiled on Wednesday, 28 September 2022 in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. The sectors where the new metric will be applied include tourism, education, retail, real estate, and the government. https://twitter. com/HamdanMohammed/status/1575098896006934528? ref_src=twsrc%5Etfw Dubai is one of the early adopters of the emerging metaverse technology, and the country’s leadership has taken a number of steps to promote further adoption. The idea of the Metaverse Strategy became public in July. It aims to create 40,000 new jobs and add $4 billion to the Emirati economy in the next five years. --- ### Circle unveils plan to expand USDC to five new blockchains > USD Coin (USDC), the second-largest stablecoin, is going to expand to five new blockchains by the end of this year - Published: 2022-09-29 - Modified: 2022-09-29 - URL: https://coinswitch.co/switch/news/circle-unveils-plan-to-expand-usdc-to-five-new-blockchains/ - Categories: News - Tags: crypto, news USD Coin (USDC), the second-largest stablecoin, is going to expand to five new blockchains by the end of this year. Circle, the issuer of USDC, disclosed the launch plan on Wednesday at its Converge22 conference in San Francisco. The blockchains being considered include Arbitrum One, NEAR, Optimism, Cosmos, and Polkadot. The addition to these blockchains means that USDC will now be available on as many as 14 blockchains. Circle also announced the launch of a tool called Cross-Chain Transfer Protocol. The tool is meant to enhance USDC transactions between different blockchains. The transfer protocol uses a mint-and-burn mechanism. So when someone sends USDC tokens from one chain to another, the tool burns the one on the originating chain and mints new USDC tokens on the other one. With the stablecoin market heating up with new entrants and other stablecoin issuers trying to corner competitors for better market share, the new additions will allow Circle to strengthen its position in the market. Over the last three months, the number of USDC in circulation was experiencing a steady decline. The number dropped from 55. 9 billion to 48. 88 billion (the number at the time of writing). Circulating supply of USDC tokens over the last three months The multi-chain support tool for USDC will enable easier access to the trusted and stable digital dollar and open the door for institutions, exchanges, developers and other stakeholders in the crypto ecosystem to innovate. “Cross-Chain Transfer Protocol ultimately enables USDC to function as a universal... --- ### Crypto market update: 29 September 2022 > The crypto market was in for a mixed session on Wednesday, as it tried to find its feet after last week’s Fed policy decision. - Published: 2022-09-29 - Modified: 2022-09-29 - URL: https://coinswitch.co/switch/news/market-update-september-29-2022/ - Categories: News - Tags: crypto, market update, news The crypto market was in for a mixed session on Wednesday, as it tried to find its feet after last week’s Fed policy decision. Bitcoin witnessed a drop to the $18,500 mark, but it was quick to bounce back. It is currently trading close to $19,500, with a 4% gain in the last 24 hours. Buoyed by gains accrued by the top 10 cryptos, the total crypto market cap went up from $907 billion (the day’s lowest) to $940 billion. The market received additional support from the Bank of England's announcement about the launch of an unlimited bond purchase exercise. The Fear and Greed Index continued to stay in the extreme fear zone. Going by this, one may conclude that investors are uneasy about investing in cryptos due to volatility in the market. The big two: BTC and ETH In Bitcoin’s 4-hour chart (see below), the 50-EMA* slope is providing strong support. Bitcoin (BTC) may move higher if the global equity market, especially Nasdaq 100, experiences a strong bull run like it did yesterday. Irrespective of whether that happens, BTC needs to break above the $20,200 level with strong volumes to reverse the bearish trend in the short term. If it breaks below the 50-EMA slope, it may visit the sub $19,000 level again for a while. Source: TradingView Ethereum’s 4 hourly chart below, on the other hand, indicates that the 50-EMA slope along with the $1,325 region is forming a strong resistance zone. That’s why Ether (ETH) is struggling... --- ### How inflation and rate hikes impact the crypto market: The story so far > Once crypto proved to be a perfect hedge against inflation. Learn why inflation and rate hikes are impacting the crypto market now. - Published: 2022-09-28 - Modified: 2022-10-04 - URL: https://coinswitch.co/switch/crypto/how-inflation-and-rate-hikes-impact-the-crypto-market/ - Categories: Crypto - Tags: crypto, inflation In 2020, when the world was reeling under the impact of a pandemic and the global economy was slowing down, Bitcoin and other cryptos outshined every other traditional asset. Crypto proved to be a great non-correlated asset and the perfect hedge against inflation and economic uncertainty. Come 2022, things have changed entirely. The crypto market is closely following the global stock market. And for several weeks now, Bitcoin prices have continued to correspond with Nasdaq and S&P 500. How did we get here? What changed between 2020 and 2022? And why is the crypto market resilience showcased in 2020 and 2021 missing now? Two market scenarios It’s true that crypto is very different and has no direct relationship with other traditional assets. But, the crypto market is directly connected with global liquidity conditions. There are two ways in which this connection usually plays out. A super loose monetary policy In 2020, to sustain growth and reduce the economic hardship of the pandemic, central banks around the world opted for a pretty loose monetary policy. They flooded the market with additional liquidity (money) and reduced interest rates on credit so that both businesses and individuals could help spur growth. The additional liquidity got channeled into the stock and crypto markets, generating superior returns from both in a shorter duration than usual. Federal Reserve Funds Rate Chart     Bitcoin Price Chart (Source: Coinmarketcap. com) If you look at both the charts above and connect the dots, you will see that during... --- ### CBDC pilot involving China, UAE a success; $22M transacted > A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been declared "successful" by the Bank for International Settlements (BIS). - Published: 2022-09-28 - Modified: 2022-09-28 - URL: https://coinswitch.co/switch/news/cbdc-pilot-involving-china-uae-a-success-22m-transacted/ - Categories: News - Tags: crypto, news A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been declared "successful" by the Bank for International Settlements (BIS), a consortium of central banks. Several Asian central banks participated in the month-long test phase that facilitated $22 million worth of real-value cross-border transactions. Among prominent central banks that participated in this pilot project were the central banks of Hong Kong, Thailand, China, and the United Arab Emirates (UAE). Besides, some 20 commercial banks from these regions including Goldman Sachs, HSBC, Societe Generale, and China's six biggest state-owned lenders were also involved in the project. The test platform, known as mBridge—Multiple CBDC (mCBDC)—facilitated 164 foreign exchange transactions and cross-border payments involving the participating banks, according to a LinkedIn post from the BIS on 27 September. mBridge full report expected in October With the success of mBridge pilot project, the project will move into its third and final stage by putting the platform's core functionality to market. However, a fully-functional CBDC cross payments platform will only be ready after revisions, taking into account the feedback from the initial version, according to a BIS report. Besides, a more detailed report will be released in October, covering technical design, legal, policy, and regulatory considerations, and a future roadmap of mBridge. Status update on CBDCs Many governments around the world are looking at launching CBDCs. So far, 11 CBDCs have been launched, while 15 projects are in the pilot stage and 26 are in development, according to the CBDC tracker from think tank Atlantic Council. --- ### Christie’s launches NFT sales platform on Ethereum > Popular NFT auction house Christie’s has launched its dedicated NFT on-chain auction platform on the Ethereum network. - Published: 2022-09-28 - Modified: 2022-09-28 - URL: https://coinswitch.co/switch/news/christies-launches-nft-sales-platform-on-ethereum/ - Categories: News - Tags: crypto, news Popular NFT auction house Christie’s has launched its dedicated NFT on-chain auction platform on the Ethereum network. On-chain transactions are those that have been validated or authenticated and lead to an update to the overall blockchain network. With the launch of its own auction platform, Christie’s will now allow auctions to be carried out fully on-chain on the Ethereum network, fully embracing Web 3. 0 and decentralization. Christie’s digitalized auction platform is called Christie’s 3. 0. With the launch of the new marketplace, auctions and transactions will happen as they do on popular NFT marketplace OpenSea and payments can be made in Ether. Christie’s 3. 0 was created in collaboration with Manifold, a startup focused on smart contracts. Moreover, Christie’s has partnered with blockchain analytics firm Chainalysis and metaverse platform Spatial to enable further functionality for its marketplace. The new venture was announced via Christie’s Twitter handle and was paired with the launch of a project exclusive to the new marketplace by artist Diana Sinclair, featuring nine NFTs which can be viewed in an online virtual gallery built by Spatial. Christie’s makes it big in NFT sales For perspective, the British auction house is best known for auctioning one of the most expensive NFTs, Beeple’s “Everydays: The First 5,000 Days” artwork for $69. 3 million way back in March 2021. Christie’s has also conducted some popular NFT sales like the auction of nine CryptoPunks in May 2021 with the winning bid coming in at nearly $17 million. --- ### What are Ethereum’s miners doing after the Merge? - Published: 2022-09-28 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/ethereum-merge/what-are-ethereums-miners-doing-after-the-merge/ - Categories: Ethereum Merge - Tags: ethereum mining, ethw, mining There is a lot of talk going around about mining on Ethereum going obsolete. Many are worried that the miners of the popular network will have to find other sources of income. Why is this happening? Simply put, it’s because Ethereum has dropped the Proof-of-Work (PoW) mechanism of verifying transactions, to adopt Proof of Stake (PoS), through an upgrade called the Merge. (Read more about the Merge here. ) But does that necessarily mean that the miners will go out of work? Dig in to find out. The Merge and “Diverge”: The ETH Fork and What it Means for Miners Let’s start with the basics. Upgrades like the Merge are a kind of fork. In blockchain technology, forks refer to an upgrade that brings about a change in the network operation. They are usually initiated by developers or members of the chain. There are two types: Soft forks: This kind of fork is like an upgrade to the software of the older version of the chain. Hard forks: These are upgrades that bring in some major changes. There usually is some disagreement between two groups about the future of the blockchain which ends in a permanent split in the chain. The split brings a new and entirely separate blockchain into existence. A fork of the second type took place soon after the Merge. The fork had to do with disagreement over Ethereum’s shift to PoS. With the Merge, miners on the Ethereum network lost their jobs to validators. The subsequent... --- ### Revolut gets nod to offer crypto products in the UK > Revolut will now be able to offer crypto products and services in the UK after getting approval from Financial Conduct Authority (FCA). - Published: 2022-09-28 - Modified: 2022-09-28 - URL: https://coinswitch.co/switch/news/revolut-gets-nod-to-offer-crypto-products-in-the-uk/ - Categories: News - Tags: crypto, news Crypto trading app Revolut will now be able to offer crypto products and services in the United Kingdom after getting approval from the country’s financial regulator Financial Conduct Authority (FCA). The crypto-friendly payment app has been placed under the FCA’s temporary registration regime since the validity of its provisional registration ended in March 2022. Revolut had been the last holdout out of the 12 companies that were granted FCA temporary registration. With the approval, the fintech company joins 37 other companies that can offer crypto-related services in the country. On 10 January 2020, the FCA had made it mandatory for firms dealing with crypto assets in the UK to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and register with the regulator. Following this directive, several companies, including Revolut, were granted temporary registration status, allowing them to operate while they stay on holdout pending full compliance. Opens up a window to European market Following the approval, Revolut, currently valued at $33 billion, was added to the UK watchdog’s crypto-asset firm register on 26 September. The firm, which has about 20 million customers worldwide, offers exposure to about 80 crypto assets. Revolut recently received permission to offer crypto services in Cyprus. And as the digital banking service continues to grow across Europe, the UK is a prize catch for the firm. --- ### Argentine athlete has a unique way to beat inflation > Guido Cannetti, UFC fighter, is the first sportsperson in Argentine to receive 100% salary in stablecoins. - Published: 2022-09-28 - Modified: 2022-09-28 - URL: https://coinswitch.co/switch/news/argentine-athlete-has-a-unique-way-to-beat-inflation/ - Categories: News - Tags: crypto, news Argentine martial arts athlete Guido Cannetti, an Ultimate Fighting Championship (UFC) fighter, is the first sportsperson in the country to receive 100% of his salary in stablecoins. The news is significant as the Latin American country reels under soaring inflation and economic downturn. The UFC fighter is collaborating with Bitwage, a popular Bitcoin payroll provider, to receive his earnings in crypto. Guido will receive 100% of his salary in USDC stablecoin through the Stellar Network on Vibrant, a wallet app developed by the Stellar team. The partnership was announced on 26 September on the Bitwage website. While Guido is the first Argentine to receive his salary in crypto, he is joining a long line of ambassadors who back Bitwage. Some of them are UFC fighters Luana Pinheiro and Matheus Nicolau, US soccer players Achara Infunanyachi and Alex Crognale, and American NFL player Alex Barrett. Inflation is the driving factor 2022 witnessed a rise in inflation around the globe and Argentina is among the severely affected. Inflation in the 12-month period came in at 78. 5%, whereas consumer prices in the first eight months of the year were up 56. 4%. The country’s central bank has estimated a 95% inflation rate for the year, while some private analysts forecast a 100% inflation rate in 2022. About 51% of Argentines purchased crypto and 27% regularly bought cryptocurrencies, according to a survey conducted by Americas Market Intelligence in April. The numbers mark an exponential increase from the 12% adoption seen in 2021. The... --- ### Ethereum’s many avatars, post-Merge > The post-Merge phases will help Ethereum accomplish the rest of the development targets. - Published: 2022-09-28 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/ethereums-many-avatars-post-merge/ - Categories: Crypto, Ethereum Merge - Tags: ethereum merge The Ethereum Merge—the most closely-watched event in the crypto calendar this year—went smoothly. What’s next? A lot, it seems. To be sure, the monumental switch paves the way for Ethereum’s mass adoption as a chain. Yet, it turns out that this is a small step that achieved only 55% of the targeted result, leaving investors gasping about the goals left unaccomplished. Thankfully, Vitalik Buterin’s speech at the annual Ethereum Community Conference (EthCC) in Paris on 20 July dropped some hints about what to expect going forward. Ethereum’s creator claimed that “after the Merge, we will be able to build an Ethereum client that doesn’t even know the proof of work phase happened. ” In a jocular manner, Buterin also threw some light on post-Merge goals that Ethereum aims to accomplish, also naming them in chronological order: The Surge, The Verge, The Purge, and The Splurge. The Merge: Consensus layer Much has been written about the Merge, but a quick refresher may be in order. The Ethereum blockchain transitioned from proof of work to proof of stake consensus mechanism by “merging” Ethereum's execution layer with the consensus layer, aka the Beacon chain (Ethereum staking sidechain). First and foremost, the monumental shift would make the network super energy efficient. It is estimated that the switch would cut Ethereum’s power usage by 99% while also reducing the asset’s net issuance. The Surge: Increasing scalability This is the stage where Ethereum will begin making its network more scalable and easier for users to operate... --- ### Japan expands crypto regulations to include travel > Japan is set to introduce new rules for money transfers with regard to travel to prevent the use of crypto for money laundering. - Published: 2022-09-28 - Modified: 2022-09-28 - URL: https://coinswitch.co/switch/news/japan-expands-crypto-regulations-to-include-travel/ - Categories: News - Tags: crypto, news Japan is set to introduce new rules for money transfers with regard to travel to prevent the use of crypto for money laundering, according to a report from news agency Nikkei. The new regulation will bring Japan in compliance with the recommendations of the Financial Action Task Force (FATF), an international organization that oversees anti-money laundering activities. Back in 2019, the organization had urged countries around the world to adopt the rule. With this adoption, Japan is set to follow the lead taken by the US, Germany, and Singapore. Accordingly, amendments to Japan's current Act on Prevention of Transfer of Criminal Proceeds will be introduced in the National Diet, Japan’s parliament, on 3 October. This would bring crypto within the scope of travel regulations for money transfers. Under the new law, exchange operators would be required to collect customer information, including the customer's name and address, in transactions involving cryptocurrency and stablecoins as they currently do with cash transactions. Furthermore, the legislation is extended to the Foreign Exchange and Foreign Trade Act and the International Terrorist Asset-Freezing Act, which will go into effect in May 2023. The new legislation to track money laundering in crypto will penalize exchange operators that break the rules. The news report mentioned that they would be subject to administrative guidance and corrective orders. Japan at the forefront of crypto regulations Following the example set by its neighbor South Korea, Japan has taken significant steps to regulate crypto in recent months. In addition to setting up... --- ### Crypto market update: 28 September 2022 > After trading higher briefly on 27 September, the crypto market ended the day on a bearish note. Ripple (XRP) led the way down. - Published: 2022-09-28 - Modified: 2022-09-28 - URL: https://coinswitch.co/switch/news/crypto-market-update-september-28-2022/ - Categories: News - Tags: crypto, market update, news After trading higher briefly on 27 September, the crypto market ended the day on a bearish note. Ripple (XRP) led the way down, sliding by 4. 68% for the second session after the uptrend in the last seven days. Solana (SOL) followed suit with a 3. 54% loss. Bitcoin (BTC), the largest cryptocurrency by market cap, revisited the $20,000 level for the first time in nine sessions before ending the day with a 0. 72% loss. Developments such as investors losing hope for a favorable outcome in the SEC vs. Ripple case also weighed on the broader crypto market. However, BTC has been trading within the $24,300 to $17,600 range for the past 103 days despite the breakouts and breakdowns. More importantly, the slump seems to have no impact on more mature investors. On-chain analytics provider Glassnode reported that mature investors are hunkering down and holding their positions rather than selling. With this, the total crypto market cap came in at $895. 9 billion, down by $7. 1 billion for the session. The Fear and Greed Index Despite the bearish session, the Fear & Greed Index, an indicator of market sentiment, held steady at 20/100, indicating extreme fear. This is despite BTC sliding back to below $19,000. However, the index continue to avoid slipping below 20/100, which indicates investor resilience. For the index to move out of the extreme fear zone, BTC must move above the first resistance level of $19,500 to support a bullish session. Top gainers and losers... --- ### VCs back solar-powered BTC mining firm - Published: 2022-09-27 - Modified: 2022-09-27 - URL: https://coinswitch.co/switch/news/vcs-back-solar-powered-btc-mining-firm/ - Categories: News - Tags: acdc, btc, crypto, mining, news Amid the ongoing sustainability-related conversations around the Merge, a new solar-powered Bitcoin mining firm raised $8 million in a Series A funding round. The funding round by Aspen Creek Digital Corporation’s (ACDC) was backed by industry giants like the crypto financial services company Galaxy Digital and blockchain investment firm Polychain Capital. ACDC took a “power first” approach. This is basically when a crypto mining business gives priority to power and infrastructure over mining operations before a funding round. ACDC’s funds will be used to open its second mining facility in Texas. Come fall, the facility, with a mining capacity of 30 megawatts (MW), will share space with an 87 MW solar farm. This funding round came as a ray of hope amidst ongoing struggle of BTC miners with drastic drop in profits. BTC mining firms are shutting down across the globe. Most recently, one of the largest Bitcoin mining data centers, Compute North, filed for bankruptcy due supply chain issues and lack of funds to pay lenders. Shedding light on the development, ACDC CEO Alexandra DaCosta told CoinDesk that some key factors behind the move have been investors seeing the markets reel from the hike in energy prices and witnessing a fall in Bitcoin prices. That is what made the funds “go from a PowerPoint to real life,” according to Da Costa. They were not the only company of this kind that was looking to raise capital, but their model was what set them apart from others, he concluded. --- ### Massive jump in Nubank’s Brazilian crypto users - Published: 2022-09-27 - Modified: 2022-09-27 - URL: https://coinswitch.co/switch/news/massive-jump-in-nubanks-brazilian-crypto-users/ - Categories: News - Tags: crypto, news, nubank Nubank, the largest Brazilian digital bank by market value, has registered an all-time high crypto user count on its app recently. The financial institution has logged over 1. 8 million Brazilian users to its crypto platform, according to its latest press release. The bank clarified that the number represented users who purchased a minimum of one crypto using Nubank’s app. News about the bank’s crypto trading platform first broke in May this year, and the launch was announced in late June. The new high represents a stark rise in the popularity of the bank’s crypto services. Nubank made it to the 1 million mark as recently as 27 July 2022. A survey-based report by Gemini, titled “2022 Global State of Crypto report,” concluded that countries experiencing long-term hyperinflation, like those in Latin America, including Brazil, saw a majority of respondents define crypto as the future of money. Nubank’s pro-crypto stance has helped it reach 70 million customers for its banking services in the broader Latin America region. The CEO and founder of Nubank, David Vélez, noted that the company’s “accelerated growth is driven by a constant search for efficiency, which balances expansion, new products and revenue growth per customer. ” --- ### FTX acquires bankrupt crypto lender - Published: 2022-09-27 - Modified: 2022-09-27 - URL: https://coinswitch.co/switch/news/ftx-acquires-bankrupt-crypto-lender/ - Categories: News - Tags: crypto, FTX, news, Voyager After the acquisition of BlockFi early this year, Crypto exchange giant FTX US has come to the rescue of yet another crypto platform hit by insolvency troubles. FTX won a bid against Wave Finance, a digital-asset investment firm, to acquire crypto lender Voyager’s assets, according to a recent press release. Voyager was sold for approximately $1. 4 billion. The FTX bid covers, first, the fair market value, which to be determined at a date in the future. (The current market price of Voyager’s cryptos is estimated to be $1. 311 billion. ) Second, it provides approximately $111 million of Voyager’s incremental value. It will use this to pay off the users interest locked on the platform. Additionally, the company’s claims against Three Arrows Capital remain with the bankruptcy estate, which will distribute any available recovery on such claims to the estate’s creditors. The latest development emerges against the backdrop of the fall of the crypto lending empire, which began earlier this July. Voyager Digital filed for bankruptcy, followed by another leading crypto lending platform, Celsius. Both platforms filed for Chapter 11 bankruptcy protections. After Celsius halted withdrawals amid liquidity troubles, it produced a domino effect. Multiple industry players fell soon after. It was in this context that FTX first donned the role of a savior earlier this July. The Sam Bankman-Fried company acquired crypto lending platform BlockFi amid dire liquidity issues. FTX bought the crypto lender for $240 million, but the deal also held a $400 million revolving line of... --- ### What are crypto wallets, & how do they work? > A crypto wallet is a hardware or software app that enables you to store & exchange cryptos. Read to learn about the types of crypto wallets & how to use one - Published: 2022-09-27 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/what-are-crypto-wallets/ - Categories: Crypto, Explainers - Tags: crypto wallets, wallets What are crypto wallets? You can carry a dollar note, fold it, and carry it around in your pocket. Alternatively, you can stack all your bills in a bank vault. Sadly, you can't do the same thing with cryptos and NFTs as they exist digitally. Still, you will need a place to store crypto and other digital assets you may obtain from trading in the crypto market. Crypto wallets the equivalent of a traditional bank or brokerage can help you with this. Put simply, a crypto wallet is a hardware device or software application that enables you to store and exchange digital assets. Crypto wallets can help you trade on an exchange, make purchases, and open a window to the amazing world of NFTs and decentralized finance, or DeFi. How do crypto wallets work? Technical language associated with crypto wallets can sound intimidating. But the way they operate is pretty straightforward. In essence, a "seed phrase" is created automatically when you acquire a crypto wallet. The seed key is then used by the wallet to generate private keys. Never divulge your private keys or seed phrases to anybody since this will provide them access to your valuables. Practically speaking, consider the crypto wallet as a password manager for your crypto assets. Extending this comparison a bit further, your seed phrase serves as the wallet's master password, which grants you access to your crypto wallet. What’s more, if you accidentally erase your crypto wallet, you may recreate it and access it... --- ### Beyond art: Smart NFTs have applications in gaming, healthcare > NFT evangelists are gung-ho about Smart NFTs—self-upgrading entities expected to change the way you look at the entire digital art realm. - Published: 2022-09-27 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/smart-nfts-have-applications-in-gaming-healthcare/ - Categories: Crypto, Explainers - Tags: NFTs, Smart NFTs NFTs seem to be going places, thanks to Smart NFTs. NFTs—short for nonfungible tokens—are cryptocurrency chits that confer “ownership” of a piece of digital art or music to the buyer. Since NFTs went mainstream around March 2021, they have set the digital world ablaze. Yet, innovation in the NFT space knows no boundaries. NFT evangelists are gung-ho about Smart Non-Fungible Tokens—self-upgrading entities expected to change the way you look at the entire digital art realm. What’s more, Smart NFTs have their applications in fields ranging from fashion to healthcare. Let’s dig in. What are Smart NFTs? Simply put, Smart NFTs are non-fungible tokens that can change with time—upgrade themselves into a better version, offer time-based access, and even provide real-time insights that aren’t set in stone. Yet, there seems to be a disparity. Here is why: Not everything in this world is self-upgradable, like your mobile app (if auto-updates are turned on) or Pokemon (fantasy indeed). Also, when it comes to NFTs and the underlying technology, the entire hype is based on the concept of immutability that they cannot be changed ever. But then, there is nothing contradictory about Smart NFTs as we will find out. Smart non-fungible tokens are simply standard NFTs with an unchangeable base layer. What makes them different is the addition of a programmable or a functional layer atop the base layer. Upgradable features are added to the programable layer and do not interfere with the concept of decentralized storage. A real-life example would explain the... --- ### WEF coalition launched to encourage Web 3.0 climate action - Published: 2022-09-27 - Modified: 2022-09-27 - URL: https://coinswitch.co/switch/news/wef-coalition-launched-to-encourage-web-3-0-climate-action/ - Categories: News - Tags: climate change, crypto, news, web3 initiative, WEF The World Economic Forum (WEF) is in the news with the launch of a new coalition on Web 3. 0. The Crypto Sustainability Coalition was launched, on 21 September, by WEF in an attempt to understand how Web 3. 0 and blockchain tools can be leveraged to achieve positive climate action. The coalition brings together 30 organizations from the public and private sectors. Why is the coalition important? The launch reflects the rising demand for a more eco-friendly crypto ecosystem in recent years. Earlier this month, the Merge marked Ethereum’s transition from the energy intensive Proof-of-Work (PoW) transaction verification mechanism to the energy efficient Proof-of-Stake (PoS) system. More recently, the Ethereum co-founder, Vitalik Buterin noted that he expects PoW blockchains Dogecoin and Zcash to also shift to PoS soon. The WEF coalition takes the sustainability conversation to the next level. “An important and unique aspect of Web 3. 0 is that it uses technology to support and reward direct community engagement and action. This means we can coordinate the work of many individuals directly with one another, enabling collective action without centralized control—a powerful accelerator for grass roots action,” Brynly Llyr, head of Blockchain and Digital Assets at WEF, said, explaining the move. Details about the coalition The public-private initiative by WEF is going to investigate three relevant climate issues related to the crypto industry: Energy use: Taking the push for sustainability further, the Crypto Sustainability Coalition aims to analyze the digital asset industry’s consumption of energy and materials. Web... --- ### Walmart sets up shop in metaverse - Published: 2022-09-27 - Modified: 2022-09-27 - URL: https://coinswitch.co/switch/news/walmart-sets-up-shop-in-metaverse/ - Categories: News - Tags: crypto, metaverse, news, Roblox, Walmart, web3 Joining the ranks of early adopters of Web 3. 0, retail giant Walmart announced a partnership with online gaming platform Roblox, on Monday. Walmart’s first metaverse venture brings in two new immersive experiences, Walmart Land and Walmart’s Universe of Play. This development indicates the widening adoption of Web 3. 0. Players entering the space in recent times have ranged from high-end fashion houses, like Gucci and LV, to sports retailers, like Nike and Adidas. Even fast-fashion retailers like Forever 21 began making metaverse sales in Roblox. Walmart Land will replicate a virtual version of the firm’s offline stores for its 52 million daily users. Targeting the GenZ user base, Walmart Land is launching an Electric Fest. The fest will bring together performers like Madison Beer and Kane Brown. Under the ambit of Walmart Land, a virtual dressing store is also being launched. The House of Style store will serve to promote beauty products such as afp4, celebrity Halsey’s makeup brand, and the skincare line by YouTubers Brooklyn and Bailey. The Universe of Play, on the other hand, will enable users to participate in immersive games in Roblox’s metaverse. With the holiday season around the corner, these games will feature characters from the brand’s holiday-centric toy products. Walmart describes the Universe of Play as “the ultimate virtual toy destination in Roblox, just in time for those oh-so-real holiday wish lists. ” Sharing his views on the development, Chief Marketing Officer William White, said that Walmart is “showing up in a big... --- ### Crypto market update: 27 September 2022 - Published: 2022-09-27 - Modified: 2024-10-21 - URL: https://coinswitch.co/switch/news/market-update-september-27-2022/ - Categories: News - Tags: crypto, market update, news The crypto market is looking flat right now. Dominant cryptos like Bitcoin (BTC) and Ethereum (ETH) witnessed only slight increases over the past week. Recent on-chain data too has indicated that the number of active Bitcoin addresses are staying low, indicating a lack of demand. The market stagnancy is not new now and was in fact one of the causes for last week’s US Fed announcement, implementing aggressive interest rate hikes. Stats for thought These stats from today may make or break a trade in the flattish market scenario: The global crypto market cap stands at $958. 24 billion at press time. It is experiencing a hike of over 3% in a 24-hour window. The total crypto market volume is $80. 41 billion, marking a 48. 44% increase since yesterday. Bitcoin’s market dominance is maintaining its superior status at 39. 53%, indicating an increase of 0. 51% over the day. While BTC is trading at $19,745, at the time of reporting, the second largest crypto by market cap, ETH, stands at $1,364 with a 4. 61% rise in day-on-day price metrics. According to TradingView, the ETH/BTC ratio is down by over 18% since September 7, which means the crypto market continues to be bearish. Despite the broader bearish market sentiment, India’s first onshore crypto index, CRE8, is up by more than 1% at the time of writing. Trending coins The trading volumes of the two top cryptos, BTC and ETH, stand above $46 billion and $16 billion, respectively, as of... --- ### Filecoin has a silver lining amid the crypto downturn > Filecoin, a decentralized protocol for file sharing, reported massive fundamental growth at its Singapore event held on Monday. - Published: 2022-09-26 - Modified: 2022-09-26 - URL: https://coinswitch.co/switch/news/filecoin-has-a-silver-lining/ - Categories: News - Tags: crypto, news Filecoin, a decentralized protocol for file sharing, reported massive fundamental growth at its Singapore event held on Monday, 26 September 2022. The blockchain revealed that there has been almost a seven-fold surge in the number of Filecoin data suppliers since the beginning of 2022. The growth report has given a fillip to Filecoin’s aim of launching the much-anticipated FVM (Filecoin Virtual Machine). By launching the FVM, Filecoin expects to draw more developers to its ecosystem—helping them create bigger and better dApps. Also, the dApps would require data objects, which are aplenty within Filecoin’s ecosystem, as revealed by the growth report. Making sense of the growth numbers Filecoin— a network comprising storage resources—relies heavily on decentralized storage providers. Colin Evran, Co-Lead Protocol Labs (Filecoin’s development lab), mentioned that the number of decentralized storage providers grew by at least 20% over the past nine months. As a result, nearly 7,000 developers are currently BUIDLing on Filecoin. Juan Benet, the founder of Protocol Labs, said that as of now, nearly 20,000 users are on Filecoin, who use the decentralized storage protocol to store over 50 million objects. The number is expected to increase once the FVM launch makes headway and brings more developers to the mix. A testnet is also in the works and is expected to go live by 28 November 2022, helping developers test dApps before mainnet deployment. Molly Mackinley, Head of Development at Protocol Labs, said that layer-2 prototypes for scaling Filecoin are already being tested to make the parent... --- ### Ethereum transaction fees hit a 2-year low amid rising transaction count > Transaction costs within the Ethereum ecosystem have dropped to the lowest point in the past two years, according to an on-chain metric. - Published: 2022-09-26 - Modified: 2022-09-26 - URL: https://coinswitch.co/switch/news/ethereum-transaction-fees-hit-a-2-year-low/ - Categories: News - Tags: crypto, news Transaction costs within the Ethereum ecosystem have dropped to the lowest point in the past two years, according to data from a key on-chain metric. Interestingly, the transaction count, new user count, and even layer-2 transaction volumes continued to move higher during the period. The data from the on-chain metric shows that the costs started dropping since the NFT boom in 2021. The news brings a whiff of relief amid the fee-reduction concerns that surrounded the era-defining Ethereum Merge. While some initially believed that transition to the PoS ecosystem would lower transaction costs, Ethereum Foundation stated otherwise. Now that the transaction costs have gone down organically, it is clear that users aren’t feeling the urge to pay higher in order to get their transactions through. Why did the transaction costs drop? To be sure, the Merge has nothing to do with the drop in fees. The reduced costs can be attributed to the drop in NFT buying activity, especially across the OpenSea marketplace. If you are keen on specifics, do note that OpenSea NFT transactions consumed 1,100 ETH over the past 30 days, which is well below its standard monthly average of 16,400 ETH. Another reason for the drop in transaction costs is the growth of dependable layer-2 platforms like Polygon, Optimism, and Arbitrum. Last of all, users migrating to other chains for more affordable transactions have also contributed to Ethereum’s growing affordability. However, offsetting this slow outflow is the steady inflow post-Merge. Besides, active addresses and transaction count have... --- ### Another layer 1 goes live with a mainnet upgrade > Tezos, one of the more eco-friendly, layer 1 blockchain networks, activated the much-awaited Kathmandu upgrade on its mainnet. - Published: 2022-09-26 - Modified: 2022-09-26 - URL: https://coinswitch.co/switch/news/another-layer-1-goes-live-with-a-mainnet-upgrade/ - Categories: News - Tags: crypto, news Tezos, one of the more eco-friendly layer 1 blockchain networks, activated the much-awaited Kathmandu upgrade on its mainnet to improve its scalability. Proposed in July by the associated development firms and Tezos contributors, the 11th Tezos protocol enhancement was finalized via a successful on-chain governance proposal. The activation went live at 2. 00 a. m. IST on Saturday. Nomadic Labs, DaiLambda, Tarides, Oxhead Alpha, Functori & Tweag, and Marigold, are the associated development firms and contributors incharge of this protocol enhancement. Here is the tweet announcing the same: https://twitter. com/tezos/status/1573415873129463824 Notably, Tezos’s mainnet upgrade comes days after Ethereum’s watershed moment— the “Merge” and Cardano’s much anticipated “Vasil” fork. It is evident that almost every Layer-1 blockchain is trying to become faster and more scalable after Ethereum entered the playing field. Tezos, with its Kathmandu upgrade, aims to initiate similar changes. What does the upgrade aim to achieve? With this upgrade, Tezos plans to bring in layer-2, off-chain transactions. The scalability improvement plan would employ the “Optimistic Roll-Up” technology to improve transaction throughput and streamline the process of block validation. However, it is to be noted that the Kathmandu upgrade doesn’t directly add the roll-up support. Instead, it prepares the Tezos blockchain for similar, layer-2-specific infrastructure building. The primary purpose of this upgrade is to experiment with new features on the Ghostnet (testnet). Most of these experiments involve testing the degree of randomness for PoS-led validation and enhancing blockchain security. Other protocol developments like preparing the smart contract for increased storage... --- ### Vitalik expects Dogecoin, Zcash to make the switch to PoS > Vitalik Buterin expects Proof-of-Work blockchains Dogecoin and Zcash to transition to Proof-of-Stake in the near future. - Published: 2022-09-26 - Modified: 2022-09-26 - URL: https://coinswitch.co/switch/news/vitalik-expects-dogecoin-zcash-to-go-pos/ - Categories: News - Tags: crypto, news Vitalik Buterin expects Proof-of-Work blockchains Dogecoin and Zcash to transition to Proof-of-Stake in the near future. Both might follow Ethereum’s lead and change their consensus models, Vitalik said at the Mainnet blockchain event. To put things in perspective, both Zcash and Dogecoin belong to the top 10 list as far as PoW cryptos are concerned. In fact, Dogecoin, currently in the second spot, has filled the void left by Ethereum in the PoW roll of honor. However, both blockchains rely on specialized mining hardware and use an enormous amount of power as part of the block validating operations. The shift to the PoS consensus will allow the blockchains to use validators and lower dependence on electricity. The Ethereum co-founder’s pro-PoS discourse can be found across the following Twitter thread: https://twitter. com/MessariCrypto/status/1573357374299160578 Vitalik also went on to say that while privacy is a major blockchain-specific operational concern, scalability is also as important. Transaction costs associated with blockchains need to come down if this nascent technology is to become mainstream, he opined. However, it is important to note that Vitalik isn’t randomly asking the PoW cryptos to make the PoS shift. Long before the mainnet event, the company behind Zcash (Electronic Coin Company) had expressed interest in implementing PoS. Zcash floated the idea in mid-2021, followed by Dogecoin. However, things didn’t work out as expected as changing the consensus algorithm is easier said than done. Even the crypto giant Ethereum could implement the transition after much deliberation. Yet, the process is intricate... --- ### USDT arrives right on the DOT > Popular stablecoin USDT now natively exists on the Polkadot blockchain—a layer-0, interoperable ecosystem. Read more here - Published: 2022-09-26 - Modified: 2022-09-26 - URL: https://coinswitch.co/switch/news/usdt-launches-on-polkadot/ - Categories: News - Tags: crypto, news Popular stablecoin USDT now natively exists on the Polkadot blockchain—a layer-0, interoperable ecosystem connecting multiple PoS chains together. Tether, the company behind USDT, announced the launch on 23 September. At a time when stablecoin wars are nigh, Tether’s move to make its liquid stablecoin available to the Polkadot community might just be to strengthen its on-chain presence. Also, Polkadot is one of the few multi-chain ecosystems with a defined Web 3. 0 focus, giving USDT a decentralized presence. Tether CTO Paolo Ardoino believes that USDT’s addition will help advance Polkadot’s growth and evolution trajectory. As of now, USDT is the third largest crypto, with a market cap of almost $68 billion. With Polkadot, USDT consolidates its stature as the preferred stablecoin for blockchains. Currently, it is also supported on platforms like Solana, Ethereum, Tron, EOS, Algorand, and the like. The availability of USDT as the native transaction tool on the Polkadot ecosystem will allow developers to build and launch targeted DeFi apps across chains. USDT will be particularly useful as part of Polkadot’s innovative Relay Chain— a modular extension that connects multiple parachains. As a stablecoin backed by the US dollar, USDT will minimize transaction volatility across the parachains, helping generate stable yields and move assets both in and out of the Polkadot network. --- ### Crypto market update: 26 September 2022 > The week began on a subdued note with the broader crypto market trading in the red. Here is the crypto market update that tells more. - Published: 2022-09-26 - Modified: 2024-10-21 - URL: https://coinswitch.co/switch/news/market-update-september-26-2022/ - Categories: News - Tags: crypto, market update, news The week began on a subdued note with the broader crypto market trading in the red. Recession worries, the downturn in Indian and global equities, and the US Fed’s resolve to implement aggressive interest rate hikes weighed on the market, driving it down by 0. 74% at the time of writing. Significant developments Here are the key market-specific findings to keep tabs on: The overall crypto market cap is at $927. 08 billion— lower than it was over the weekend. Bitcoin market dominance continues to hold above 39%— 39. 03% to be precise. Bitcoin (BTC) is trading at $18,877 at publishing time, with a 1% increase in the 24-hour trading volume. ETH manages to hold onto the key support level of $1,302, despite a 1. 36% dip day-on-day. The onshore crypto index (CRE8) is down by 0. 48%, dragged down by a weaker rupee and bearish market sentiment. Key coins Top cryptos such as BTC and ETH are trading flat at the moment, gaining over half a percent each over the past hour or so. Most weekly losses have been erased, and it would be interesting to see what these stalwarts have in store for the investors as the day wears on. It is important to note that BTC volume moving into the exchanges is at a 112-day low, as of 24 September. Fewer cryptos moving into the exchanges means less selling pressure. Still, keep your fingers crossed. Source: Chainalysis Most other top 10 cryptos were more or less steady,... --- ### What is Asset Management? > This guide to Asset Management will help you understand the importance, benefits and the process, to help you extract maximum value from your investments. - Published: 2022-09-23 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/personal-finance/what-is-asset-management/ - Categories: Personal Finance - Tags: asset management, assets, investments, personal finance Gone are the days when investors could hope to maximize their returns if they followed a rule of thumb—60% in stock and 40% in bonds. The recent rout in prices of stocks and bonds alike has shattered faith in this sensible, time-tested approach to investing. What’s more, as the world shrinks into a global village, multiple asset classes such as crypto have emerged, making investing a demanding task. Enter asset management. Here, an expert or portfolio manager will track and finetune your investments and help you sift through the maze of investment products available. Let’s delve deeper into what asset management is and its importance for investors. Simply put, asset management refers to monitoring, maintaining, developing, and operating investment portfolios of individuals in complete alignment with their investment objectives. The individuals who manage the investment portfolios are referred to as portfolio managers, who take decisions regarding buying and selling of assets on behalf of investors. The portfolio managers usually invest in cryptos, stocks, bonds, real estate, and other capital assets in line with your investment objectives and help you grow your portfolio value over the long term while minimizing risks. Importance of asset management Asset management is important on account of several factors, which are discussed in detail below. Helps to keep track of all investment assets: Asset management allows you to effectively track how your investments are performing and what changes have been made to the portfolio to keep it aligned with the overall investment objectives. Manage different asset... --- ### Console prototype launch reveals Zilliqa’s Web 3.0 gameplan > Zilliqa Research, the company behind the blockchain, has revealed that it is currently working on a gaming console and gaming hub. Read more - Published: 2022-09-23 - Modified: 2022-09-23 - URL: https://coinswitch.co/switch/news/console-prototype-launch-reveals-zilliqas-web-3-0-gameplan/ - Categories: News Zilliqa, the smart contract-focussed blockchain, has its eyes set on Web 3. 0 gaming. Zilliqa Research, the company behind the blockchain, has revealed that it is currently working on a gaming console and gaming hub. The company has even unveiled a minimal-looking prototype of the console. Six months were spent on designing and testing the console. https://twitter. com/zilliqa/status/1572957973105754113 This isn’t the first time a blockchain ecosystem has toyed with the idea of hardware-specific offerings. Solana’s ambitious Android smartphone, Saga, was one of the prime examples of the hardware-based aspirations of Web 3. 0 players. With its console, Zilliqa aims to onboard more users to its platform with the lure of rewards. The idea is to incentivize Web 3. 0 gaming by letting users play while mining the native ZIL tokens. The launch of the console aims to make Web 3. 0 accessible by “hiding” its complexity for the end user. The console isn’t just meant for gaming, though. It comes with mining utilities and Web 3. 0 wallet features. The mining compatibility will help blockchains become further decentralized as the number of ZIL miners will increase. So Zilliqa is going beyond boosting Web 3. 0 gaming adoption. The new Zilliqa prototype reveals that the blockchain also plans to cater to non-crypto gamers who would simply want to focus on gaming. Such users will still be able to earn crypto (ZIL tokens) as in-game rewards, depending on their skills. Valentin Cobelea, gaming technology head at Zilliqa, revealed that the consoles will... --- ### Opera browser adds support for Elrond > Opera, a Web 3.0 browser company, is now integrating with Elrond, a high-throughput blockchain. Read more to know. - Published: 2022-09-23 - Modified: 2022-09-23 - URL: https://coinswitch.co/switch/news/opera-browser-adds-support-for-elrond/ - Categories: News - Tags: crypto, news Opera, a Web 3. 0 browser company, is now integrating with Elrond, a high-throughput blockchain. While moving from another ecosystem, Opera users will now be able to access Elrond’s scalable network, applications, and other offerings without having to sign in separately. Compatible browsers and wallets can offer a huge boost to the quality of Web 3. 0 user experience. Speaking about the development, Danny Yao, Senior Product Manager, Opera Crypto Browser, said that Elron’s entry is meant to help Opera add support for the existing ecosystem dApps and the native token EGLD. Beniamin Mincu, CEO at Elrond, said the Opera–Elrond integration is going to help minimize friction for the new Web 3. 0 users. One of the first few web browsers, Opera launched a beta variant of its ambitious Crypto Browser Project in January 2022 to crypto onboard 350 million (existing) users. The primary function of the browser is to allow seamless application switches without repeated wallet sign-ins. In March this year, the Norwegian browser firm first extended in-browser wallet support to Polygon, Solana, and six other crypto ecosystems. With Elrond’s entry, Opera will have nine blockchains as part of its cross-chain vision for wallets. Opera’s aggressive foray into the crypto space further intensifies browser wars, with the likes of Brave already betting big on crypto-specific services. --- ### Vasil upgrade live on mainnet, all eyes on 27 Sept > Vasil upgrade live on mainneAfter months of deliberation and delays, Cardano’s Vasil upgrade is finally live on the mainnet. - Published: 2022-09-23 - Modified: 2022-09-23 - URL: https://coinswitch.co/switch/news/vasil-upgrade-live-on-mainnet/ - Categories: News - Tags: crypto, news After months of deliberation and delays, Cardano’s Vasil upgrade is finally live on the mainnet. The upgrade officially went live on Friday, 23 September 2022, at 3. 14 am IST. The Vasil upgrade had been rescheduled multiple times due to compatibility issues. Despite the delays, the entire Cardano community has been waiting for the Vasil upgrade with bated breath because of how much change it brings in. It makes the ecosystem faster, more secure, and a lot better in terms of user experience. Up next: Plutus Now with the Vasil upgrade out of the way, the new version of Plutus, Cardano’s scripting language, is scheduled to make its debut with a follow-up upgrade on 27 September 2022. This second upgrade will make Cardano more receptive to hosting complex dApps and DeFi protocols. The new Plutus version will also upgrade Cardano smart contracts, bringing in greater efficiency and transaction affordability for BUIDLers. The Final Frontier: Hydra Once Plutus comes in, Cardano’s is likely to shift its focus to its Layer-2 solution, Hydra. Cardano is a Layer-1 blockchain. Layer-1 blockchains like Cardano are self-sufficient and can verify transactions on their own, but they do need some help with improvements. That’s what Layer-2 blockchains built on top of them are there for. Cardano has been working on its Layer-2 scaling enhancement for some time now. Even though no launch date has been set, IOHK, the body behind Cardano, aims at an early 2023 release. The Vasil upgrade aims to make Cardano faster via... --- ### DeFi bug bounty platform gets funding boost > Immunefi, a reputed decentralized finance (DeFi) platform for handling bug bounties, has raised a Series A funding figure of $24 million. - Published: 2022-09-23 - Modified: 2022-09-23 - URL: https://coinswitch.co/switch/news/defi-bug-bounty-platform-gets-funding/ - Categories: News - Tags: crypto, news Immunefi, a reputed decentralized finance (DeFi) platform for handling bug bounties, has raised a Series A funding figure of $24 million. Framework Ventures led the round, followed by the likes of Polygon Ventures, Third Prime Ventures, Samsung Next, and other prominent names in the space. The number of DeFi hacks has increased over the past few months, with the $160 million Wintermute hack being the latest to surface. At a time like this, the rise of bug bounty firms like Immunefi, which encourage and incentivize ethical hacking, might therefore be just what the DeFi space needs. Ethical hackers submit bug reports that help blockchains identify vulnerabilities and review code. As of now, Immunefi is already associated with the likes of Compound, Chainlink, MakerDAO, Bancor, and other DeFi-specific platforms. It currently helps shield over $100 billion worth of user funds. Mitchell Amador, Founder of Immunefi, told Decrypt that security will have a major role for the Defi space to grow and succeed. For Web 3. 0 to scale, trust and security will be very important, he added. Immunefi has reportedly paid $60 million in total when it comes to bounties. The company also plans to put together an education platform, and new tooling features to its repertoire. --- ### Solana to help Helium rise further > Helium, a decentralized Internet of Things (IoT) network, will now be ditching its own HIP 70 blockchain to move to Solana. - Published: 2022-09-23 - Modified: 2022-09-23 - URL: https://coinswitch.co/switch/news/solana-helps-helium-rise-further/ - Categories: News - Tags: crypto, news Helium, a decentralized Internet of Things (IoT) network, will now be ditching its own HIP 70 blockchain to move to Solana. The migration will help Helium improve scalability, interoperability, and transaction speeds. Helium has no plans of deleting its blockchain history upon migration. All of its dApps and tokens—HNT, IOT, and MOBILE—will also migrate to the new network. Once the resetting is complete, there might be a modified version of the Helium Wallet application available for better token management. However, HNT holders will also be free to interact with other wallets within the Solana ecosystem, including Solflare and Phantom. The move bears testimony to the fact that Solana continues to remain a popular Layer-1 chain in the crypto space, despite experiencing numerous outages. Solana has even reclaimed the 5th position as far as Total Volume Locked (TVL) in the decentralized finance space is concerned, according to DeFillama. Polygon had taken its spot a few weeks back, but not for long. The entire Helium network voted on the current migration proposal. Almost 81% voted in favor of moving to Solana. As many as 6,177 members took part in the voting process, staking over 12 million HNT, Helium’s native token. Solana’s proven track record is the primary reason for the migration, according to Scott Sigel, COO at the Helium Foundation. Moving to Solana, he added, would allow Helium to scale better without worrying about blockchain management. Not everybody associated with Helium was on board, though. Borderless Capital—a Helium-backed, Algorand-specific venture capital firm—took... --- ### Crypto market update: 23 September 2022 > Despite its roller coaster-like experience this week, the broader crypto market has started the day on a positive note. Market update ahead - Published: 2022-09-23 - Modified: 2024-10-21 - URL: https://coinswitch.co/switch/news/market-update-september-23-2022/ - Categories: News - Tags: crypto, market update, news Despite its roller coaster-like experience this week, the broader crypto market has started the day on a positive note. The total market cap is up by 4. 39%, at the time of writing, at $941. 03 billion. Leading the market’s positive march is Ripple (XRP), which has gained almost 21. 50%, day on day. One of the primary reasons for this upmove is Poly Network choosing the XRP ledger to facilitate cross-chain payments. Bitcoin (BTC) hasn’t been able to push through the highly resistive level of $20,000. The dollar index, which might be inversely correlated to BTC, stands at 111. 08, close to its 52-week high. If we look at the macroeconomic scenario influencing the crypto space, Fed hike jitters continue to prevail. Significant developments Here are some key broader market developments that you should be aware of as you move into the day: Cardano’s much-awaited Vasil Upgrade went live on the mainnet on 22 September, at 9. 44 pm UTC (that is, 23 September, 3. 14 am IST). Bitcoin’s market dominance has dropped by 0. 10%. It is now holding steady at 39. 27%. BTC inflow to exchanges is at the lowest it has been (at 64,927 BTC) over the past seven days. That might have a positive impact on the prices. Crypto rupee index, CRE8 is on its way to erasing most of its weekly loses and is down by only 0. 98%, week on week. Key coins The 24-hour data reveals that most popular cryptos have been... --- ### Iran launches test run of its digital currency > The Central Bank of Iran (CBI) is set to launch a trial run of crypto-rial, a central bank digital currency (CBDC), on 22 September. - Published: 2022-09-22 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/iran-launches-test-run-of-its-digital-currency/ - Categories: News - Tags: crypto, news The Central Bank of Iran (CBI) is set to launch a trial run of crypto-rial, a central bank digital currency (CBDC), on 22 September. The news was announced by the news service of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture. Central Bank Digital Currency (CBDC) is the digital form of a country's fiat currency. They are centralized, not anonymous, and comply with anti-money laundering requirements. And they are not designed to compete with other cryptocurrencies. The central bank said that the aim of introducing the crypto-rial is "to turn banknotes into a programmable entity. " Like all CBDC's, crypto-rial is designed as a new type of national currency, like banknotes and coins, but is completely digital. The CBDC will operate on the Borna platform, developed using the Hyperledger Fabric, an IBM open-source distributed ledger technology platform. The platform was adopted in 2019 to help modernize the outdated Iranian banking system. Iran's journey to CBDC adoption Iran's CBDC "crypto-rial" has been in the planning stage since 2018. The long-pending proposal got a boost this year when the central bank’s current head Ali Salehabadi said the bank had the necessary infrastructure and rules to launch its CBDC. Middle Eastern countries have been bullish on crypto utilities, with the UAE emerging as a crypto hub in the region. In August, Iran started using crypto to pay for imports, with the aim of increasing the adoption of crypto in the country. However, in Iran, the regulatory stance on crypto is still unclear, causing... --- ### Cardano's Vasil upgrade is almost here > Cardano Vasil upgrade is all set to happen on 22 September. All three "critical mass indications" required to start the upgrade have now been reached. - Published: 2022-09-22 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/cardanos-vasil-upgrade-is-almost-here/ - Categories: News - Tags: crypto, news Upgrades seem to be the order of the day in the blockchain space. Just as the dust settles on the Ethereum Merge, Cardano Vasil upgrade is all set to happen on 22 September. All three "critical mass indications" required to start the upgrade have now been reached, according to the Cardano team. Cardano's Alonzo hard fork in September 2021 brought functionality for smart contracts to the blockchain. However, Cardano’s smart contract capabilities were often in doubt and seen as lagging behind Ethereum and other layer one blockchains. The Vasil hard fork aims to achieve smart contract enhancements, cost reduction, and increase in throughput on the network. Besides, the fork is slated for faster block creation which can be transmitted without full validation. News of the upgrade seems to have a positive impact on ADA's price. ADA has surged by 35. 16% over the past seven days, according to market intelligence platform Santiment. The Vasil upgrade was originally planned for June, but had to be rescheduled twice due to delays. However, Cardano's crypto exchange constituents seem to have moved on over the upsetting delay. Input Output Hong Kong (IOHK), the company that created Cardano, announced via Twitter on 21 September that 13 cryptocurrency exchanges, representing more than 87% of the liquidity for Cardano (ADA), had certified they were ready for the hard fork. Of the top crypto exchanges, Coinbase was the only exchange listed as "in progress" with its integration status. However, a recent tweet by Coinbase has hinted it will... --- ### Japan’s Nomura launches VC arm to invest in crypto firms > Japanese investment bank Nomura has launched its venture capital unit to invest in firms focused on crypto and blockchain. - Published: 2022-09-22 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/japans-nomura-launches-vc-arm-to-invest-in-crypto-firms/ - Categories: News - Tags: crypto, news Japanese investment bank Nomura has launched its venture capital unit to invest in firms focused on crypto and blockchain. The launch of the new arm follows the company’s announcement made in May that it was planning to launch a new subsidiary to focus on digital assets. The new business, Laser Digital, will be integrated with holding company Laser Digital Holdings AG based in Switzerland. Jez Mohideen will serve as chief executive of the new venture, while Steven Ashley will be the chairman. The launch was announced through a press release on the company's website on 21 September. The release further stated that the banking giant opted for Switzerland as home for the new entity taking into account the country's robust regulatory regime for digital assets and blockchain projects. The product will focus on investing in projects related to decentralized finance (DeFi), centralized finance (CeFi), Web 3. 0, and blockchain infrastructure. Further, the company said that additional products and services would be launched in the coming months. Nomura, one of Japan's largest banks, provides investment, financing, and related services to individual, institutional, and government customers globally. Nomura Holdings had $454. 8 billion in gross assets under management as of June 2022. --- ### Bitcoin gets a royal boost in Dubai > Seed Group, a company affiliated with the Royal Family of Dubai, has signed a partnership with Bitcoin firm CoinCorner to facilitate Bitcoin payment across the UAE. - Published: 2022-09-22 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/bitcoin-gets-a-royal-boost-in-dubai/ - Categories: News - Tags: crypto, news Dubai just took a step closer toward Bitcoin adoption. Seed Group, a company affiliated with the Royal Family of Dubai, has signed a partnership with Bitcoin firm CoinCorner to facilitate Bitcoin payments across the UAE and the Middle East. Dubai had adopted the Virtual Asset Law earlier in 2022, taking the lead in establishing the city and the larger United Arab Emirates as global crypto hubs. Global crypto exchanges such as FTX and Binance have received licenses to operate in the city. Crypto exchange Bybit is headquartered in Dubai, while Crypto. com has set up a regional office. Small wonder the UAE is one of the top four nations in the world in Bitcoin and cryptocurrency usage, according to a recent Forex survey. The news about the partnership was announced via Twitter by CoinCorner’s chief executive Danny Scott on 21 September. CoinCorner is a cryptocurrency exchange and web wallet provider wherein people can buy and sell Bitcoin. The exchange offers only four cryptocurrencies—Bitcoin, Ethereum, Ripple, and Litecoin. A win-win deal for CoinCorner and Dubai CoinCorner will develop a bitcoin trading platform for businesses in the country to expand the use of Bitcoin across the UAE. Besides, CoinCorner will get access to one of the fastest-growing economies in the world. It will further open up the Bitcoin trading platform to other potential crypto-bullish countries in the Middle East, Africa, and Asia regions. While CoinCorner handles the trading platform aspect of the partnership, Seed Group will help the company expand its operations... --- ### Funko, Warner Bros team up to launch DC Comics' NFTs > Funko Inc. (FNKO) is back with another non-fungible token (NFT). The company is collaborating with Warner Brothers to launch the NFT collection. - Published: 2022-09-22 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/funko-warner-bros-team-up-to-launch-dc-comics-nfts/ - Categories: News - Tags: crypto, news Pop culture and lifestyle brand Funko Inc. (FNKO) is back with another non-fungible token (NFT). The company, best known for its bobblehead collectibles, is collaborating with Warner Brothers to launch a new NFT collection based on DC Comics. The new collectible is a "phygital" bundle—a portmanteau word combining physical and digital— includes both printed and digital forms. The collectible contains a printed comic book cover from DC Comics’ The Brave and the Bold as well as an NFT which is redeemable online. The collectibles will be exclusively available for sale at Walmart Collector Con, starting 7 October. The 30,000-unit collection will include the Digital Pop! NFT and the physical copy of the cover. DC lovers and collectors can purchase this limited edition as a physical item and automatically receive its digital counterpart. All they have to do is connect their crypto wallet and claim the NFT online. The phygital NFTs are minted on the World Asset eXchange blockchain (WAX)—an NFT ecosystem that supports 60 million NFTs and 30,000 dApps. Funko not new to NFTs Funko's foray into the NFT space began with the company acquiring a majority stake in NFT firm TokenWave in April 2021. In August 2021, the company started its digital asset extension with its Teenage Mutant Ninja Turtles collection, which allowed users to purchase both figurines and NFTs. Funko has since collaborated with several major companies to launch digital and physical versions. Recently, it partnered with the entertainment giant Paramount Global to release an NFT collection based... --- ### Crypto market update: 22 September 2022 > The US Federal Reserve’s 0.75 percentage point rate hike on Wednesday, though on expected lines, sent the crypto market to bearish territory. - Published: 2022-09-22 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/crypto-market-update-september-22-2022/ - Categories: News - Tags: crypto, market update, news The US Federal Reserve’s 0. 75 percentage point rate hike on Wednesday, though on expected lines, sent the crypto market to bearish territory. More importantly, the Fed’s commitment to rein in inflation even at the cost of slowing economic growth is worrying for riskier assets such as cryptos and equities. Among top cryptos by market cap, Ethereum (ETH) and Ripple (XRP) led the way down with losses of 5. 61% and 4. 79%, respectively. Meanwhile, Bitcoin (BTC) lost 2. 0%, falling short of $20,000 for the third consecutive session. On a brighter note, Cardano (ADA) recovered some lost ground, ending the day down 0. 68% at $0. 439. However, ADA is dependent on the Vasil hard fork upgrade scheduled for 22 September to return to $0. 50 level. The Fed rate hike impacted the larger crypto market cap too. The total crypto market cap rose to a high of $927. 1 billion before the announcement, but fell to $847. 0 billion thereafter, ending the day at $862. 4 billion. The Fear and Greed Index The Crypto Fear and Greed Index, a gauge of market sentiment, plunged to 22/100 from the previous session's 23/100 level. While the drop might look minuscule, the index is still in the Extreme Fear zone, impacting investor confidence. For perspective, the index's 34/100 reading from 13 September remains the highest for this month so far. Top gainers and losers Despite the bearish market, some coins made gains during the session. They are: AirSwap (AST): +16. 99%... --- ### Nasdaq to set up crypto division for institutional investors > Nasdaq has announced the launch of a “Nasdaq Digital Assets” division to serve institutional clients. - Published: 2022-09-21 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/nasdaq-to-set-up-a-crypto-division-for-institutional-investors/ - Categories: News - Tags: crypto, news Cashing in on the rising interest in crypto from institutional investors, financial services firm Nasdaq has announced the launch of a “Nasdaq Digital Assets” division to serve institutional clients. The new division will develop an advanced institutional grade crypto custody solution that will incorporate liquidity and execution services. To start, Nasdaq offer only Bitcoin (BTC) and Ether (ETH) custody services. The aim is to address industry challenges around efficiency and connectivity, according to a press release by Nasdaq. The move will bring together the best of hot and cold wallet features through innovative technology offerings and provide a high degree of accessibility and scalability, without compromising on security. The launch is subject to regulatory approval. Earlier in May 2022, for instance, the firm partnered with Brazilian firm XP to create a new digital asset exchange called XTAGE. The exchange is scheduled to launch before the end of 2022. Offerings like XTAGE and the latest one are a sign that both institutional investors and Nasdaq are finally beginning to recognize the gains they could make by expanding its footprint in the crypto universe. “Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth,” Tal Cohen, Executive VP and Head of North American Markets, said, as reported in the release. In Tuesday’s release, Nasdaq also announced the expansion of its Anti-financial Crime Technology Capabilities and bringing crypto assets under its purview. Explaining the need for such... --- ### ETH becomes most staked crypto, surpasses SOL > After the Merge, there has been a sharp rise in staking on the Ethereum network, and close to 12% of the circulating supply of ETH has been staked. - Published: 2022-09-21 - Modified: 2022-09-21 - URL: https://coinswitch.co/switch/news/eth-becomes-most-staked-crypto-surpasses-sol/ - Categories: News - Tags: crypto, news After the Merge, there has been a sharp rise in staking on the Ethereum network. As a result, the network’s native token Ether (ETH) has now surpassed SOL as the most staked crypto asset in the market, according to data provider stakingrewards. com. The data from the platform indicates that close to 12% of the circulating supply of ETH has been staked. The staking market cap for the token stands at $19. 36 billion. Anyone staking their ETH tokens earn up to 5. 15% as a staking reward. The sharp increase in the number of staked ETH will mean better network stability. The need for improvement in stability was a big concern among developers prior to the Merge. The rise in staking also leads to a decrease in the number of ETH in circulation in the market, which might in turn push the price higher over the long term. Source: Staking Rewards SOL, the leading staked token before this development, stands a distant second now with a total staking market cap of $12. 6 billion. Cardano’s ADA comes in third, with its market cap at a little over $11 billion, followed by Binance Chain (BNB) at $5 billion. Out of around 14. 58 million ETH staked, close to 10. 071 million ETH or 69% is staked through different staking service providers. Lido, Coinbase, Kraken, and Binance are managing the bulk of staked ETH. Sharp rise in the number of ETH validators The number of validators on the network has also... --- ### Draft US stablecoin bill suggests ban on algorithmic stablecoins > The latest draft legislation bill of an upcoming US law on stablecoins has suggested a two-year ban on the issue of any new algorithmic stablecoin - Published: 2022-09-21 - Modified: 2022-09-22 - URL: https://coinswitch.co/switch/news/draft-us-stablecoin-bill-suggests-a-ban-on-algorithmic-stablecoins/ - Categories: News - Tags: crypto, news The latest draft legislation bill of an upcoming US law on stablecoins has suggested a two-year ban on the issue of any new algorithmic stablecoin like TerraUSD, which depegged from the US dollar earlier this year. If the law comes into existence, it will apply to all stablecoins that do not maintain proper collateralization. The bill is currently with the House Financial Services Committee, where leaders are negotiating the terms of the proposed law. The regulatory agencies, according to a report by Bloomberg, are conducting a study of “endogenously collateralized” tokens, with the aim of criminalizing the issue of such tokens. The issuers of any existing algorithmic stablecoins that follow such a model will be given a grace period of two years to shift to collateralize their offerings differently. Other stablecoins that could face problems if the bill gets passed include USDD and BitUSD. Prior versions of the bill, it required all issuers to maintain a 1:1 ratio of liquid reserves for all stablecoins that are in circulation and would also limit the types of assets that could back them. The current stablecoin bill has been in the works for months, but the collapse of the Terra USD highlighted the need for stricter regulation. The lawmakers are also examining whether the proposed law should apply to Synthetix USD (SUSD), which is collateralized with the protocol’s native token SNX. Another important point in the bill includes allowing banks and other financial institutions to issue stablecoins while working within the existing regulations.... --- ### Crypto rugpulls vs. hacks: Spot the differences > Investors need to know the difference between some common hacks and scams. Learn the difference between rug pulls and hacks with this read. - Published: 2022-09-21 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/crypto-rugpulls-vs-hacks-spot-the-differences/ - Categories: Crypto - Tags: attacks, hacks, scams Not long ago, the Non-Fungible Token (NFT) and metaverse frenzy made the crypto industry appear to be all cheese and champagne. Then, in the first half of 2022, the digital assets market fell prey to a series of crypto rug pulls and hacks. But what are rug pulls and hacks exactly? How different are they, and what can you do to stay safe? Rugpulls vs. Hacks: The basic difference As you know, transactions usually involve the producer and the consumer. When the producers themselves steal from the consumer, metaphorically pulling the rug from under their feet, it is a rug pull or scam. On the other hand, if a third party attempts to steal from both parties, it's a hack, attack, or exploit. Let’s take an example. One fine morning, if the bank makes a run with the customers’ funds, it will be marked as a scam—or a rug pull in crypto parlance. But in the case of a bank robbery, the robbers are the third party. They leave both the customer and the bank without money. That’s a hack. What is a crypto rug pull? With crypto rug pulls, developers cause the people who place their trust in their project to lose money. The developers of such projects are a lot like antiheroes—“good” guys who turn out to be bad eggs. However, rug pulls are of two types. Hard Rugpulls: Most people are familiar with this kind of rug pull, and we focus on it in this article. They... --- ### P2E, the way ahead for the blockchain gaming industry > Play to Earn (P2E) allows gamers to farm or collect cryptos and NFTs, which can be sold on the crypto market. - Published: 2022-09-21 - Modified: 2023-12-27 - URL: https://coinswitch.co/switch/crypto/p2e-the-way-ahead-for-the-blockchain-gaming-industry/ - Categories: Crypto - Tags: Gaming, P2E, Play to Earn P2E—short for Play to Earn Games—is one of the most popular terms in the crypto space. These NFT games that belong to the broad category of blockchain games made their triumphant entry, pushing aside traditional mobile phone games. To put things in perspective, the evolution of P2E games resulted from the seamless integration of NFTs, games, and finance. Simplifying the concept further, the crypto dictionary defines P2E games as a type of gaming in which a gaming platform allows players to earn in-game assets that can be transferred to the real world as valuable resources. In short, it allows players to farm or collect cryptos and NFTs, which can be sold on the crypto market. Not a pastime anymore From the very ordinary arcade machines in designated gaming arenas to everyone having a gaming console in their room, gaming has come a long way. Likewise, we have leapfrogged from playing the snake game on those unbreakable Nokia phones in the early 2000s to navigating the mind-blowing sci-fi games of today. Thank technology for reshaping the industry beyond recognition in the last 20 years or so. Analysts say the gaming industry is expected to grow at a fast pace in the future. The global gaming industry is estimated to be worth $268 billion by 2025. Interestingly, the long-standing cultural association of gaming as a wasteful, unproductive activity will no longer hold water for millennials and their succeeding generations as NFT games have brought in the lucrative angle. How it all started... --- ### A decentralized hero emerges on the Bitcoin derivatives horizon > Hxro, a Solana-based DeFi protocol, has created a new option for trading decentralized Bitcoin derivatives. - Published: 2022-09-21 - Modified: 2022-09-21 - URL: https://coinswitch.co/switch/news/a-decentralized-hero-emerges-on-the-bitcoin-derivatives-horizon/ - Categories: News - Tags: crypto, news Breaking into a space dominated by traditional centralized exchanges, Hxro, a Solana-based DeFi protocol, has created a new option for trading decentralized Bitcoin derivatives. Hxro’s new beta decentralized platform will enable the trading of different types of BTC perpetual contracts using USDC as collateral. The beta version of the marketplace will only allow white-listed trading firms and individuals to trade BTC against USDC futures contracts. It will feature two weekly, two monthly, and four quarterly contracts. The project roadmap reveals that Hxro intends to launch derivates linked to Ether (ETH), SOL, and other highly liquid cryptos next month. The crypto derivatives market makes up more than half of the crypto market’s trading volume. That makes it a very hot segment for exchanges to pursue. The market share of crypto derivatives in total crypto volume was 69% earlier this year, in July. As a result, the overall crypto trading volume on exchanges got a boost and managed to touch $4. 51 trillion. Meanwhile, crypto derivatives trading on the centralized exchange scene rose to $3. 12 trillion. DEXs are the new frontier of crypto trading for firms and individuals. So the launch of the new marketplace will help hardcore crypto traders choose decentralized options. Decentralized options like this will provide real-time and better levels of transparency and risk mitigation compared to centralized marketplaces, according to Hxro founder Dan Gunsberg. Hxro is backed by Jump Crypto and Alameda Research. To profit from the market even further, the company is looking to onboard other... --- ### MicroStrategy makes 2022’s second Bitcoin purchase, its smallest in two years > MicroStrategy has added only 301 BTC, worth around $6 million, to its balance sheet this time at an average price of $19,851 per coin. - Published: 2022-09-21 - Modified: 2022-09-21 - URL: https://coinswitch.co/switch/news/microstrategy-makes-2022s-second-bitcoin-purchase-its-smallest-in-two-years/ - Categories: News - Tags: crypto, news MicroStrategy, the largest corporate Bitcoin buyer, has made its second BTC purchase of the year. This time around, though, despite buying into the dip, it is the smallest BTC purchase made by the company in two years. MicroStrategy has added only 301 BTC, worth around $6 million, to its balance sheet this time. As per the regulatory filing and update shared by Michael Saylor on Twitter, the purchases were made between 2 August and 19 September 2022, at an average price of $19,851 per coin. The first purchase this year was made in June 2022. The company added 480 BTC, worth approximately $10 million at the time. With the latest addition, MicroStrategy’s total BTC tally touches 1,30,000. The company has spent $3. 98 billion on BTC so far. The average acquisition price per BTC over the years is $30,639. MicroStrategy has purchased an additional 301 bitcoins for ~$6. 0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3. 98 billion at an average price of ~$30,639 per bitcoin. https://t. co/5kYW98ij4I — Michael Saylor⚡️ (@saylor) September 20, 2022 The size of the latest addition has to do with the fact that Michael Saylor, one of the biggest advocates of Bitcoin, stepped down as CEO of the company earlier this year. However, the fact that the investment was made indicates that the company wants to continue with its Bitcoin investments under new leadership. This is especially significant because BTC prices are down... --- ### Crypto market update: 21 September 2022 > Yesterday saw a mixed session for the crypto market. Bitcoin (BTC), Ether (ETH), and other top coins traded flat. - Published: 2022-09-21 - Modified: 2022-09-21 - URL: https://coinswitch.co/switch/news/market-update-september-21-2022/ - Categories: News - Tags: crypto, market update Yesterday saw a mixed session for the crypto market. Bitcoin (BTC), Ether (ETH), and other top coins traded flat. One of the few exceptions was Ripple (XRP), which has crossed 8% at its highest yesterday. Today will be a crucial day for the market with the upcoming Fed policy decision and Federal Open Market Committee (FOMC) projection. A rate hike of 75 bps will be not surprising, but any more than that will impact the market sentiment negatively. Nasdaq-100 also failed to deliver support to the crypto market and it ended the day lower by 0. 95%. In its attempt to tame inflation, Sweden’s central bank also went for an unexpected full percentage point rate hike, the highest in three decades. This too dragged investor confidence downward. The Crypto Fear and Greed Index is currently at the 23/100 level. It indicates extreme fear in the market. Key coins Bitcoin’s 4-hourly chart (shown below) reveals that the $19,600 level has turned into a strong resistance level. BTC needs strength in momentum to break above it. If BTC breaks below its recently tested support at $18,700, it could hammer down investor sentiment. Also, the Relative Strength Index (RSI) is indicating a weak sentiment in the market. The 4-hourly chart for ETH (shown below) indicates that the $1,325 level is offering some support but it is not very strong because it has not been tested multiple times, as it should have been. A break below this level could drive the ETH price much... --- ### How will the Ethereum Merge impact other crypto projects and tokens? > We discuss some of the other important projects that are expected to power through the post-Ethereum Merge. - Published: 2022-09-20 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/ethereum-merge-impacting-other-cryptos/ - Categories: Crypto, Ethereum Merge - Tags: crypto, ethereum merge Ethereum needs no introduction. The second largest crypto project by market cap also serves as an app development platform, albeit decentralized. While this might be a gross oversimplification of Ethereum's capabilities, it does paint a picture of how this blockchain ecosystem has revolutionized the crypto space in terms of innovation. Yet, it is important to put things in perspective, keeping the big picture in mind. With the Merge—Ethereum’s transition from a “proof-of-work” consensus mechanism to a “proof-of-stake” mode—already upon us, it isn’t just about Ethereum anymore. For the larger crypto world badly in need of some good news, the major systems upgrade would not have come at a more opportune time. Here, we discuss some of the other important projects that are expected to power through the post-Ethereum Merge. This article will focus on five such projects. Buckle up as we delve deeper. Ethereum’s many lives and partners Ethereum began life way back in 2015 as a Layer-1 blockchain. Layer-1 refers to a blockchain that can independently handle on-chain transactions. As it grew, it got slower and slower—eventually having to rely on side chains to speed up transactions. The need for speed led to the emergence of Layer-2 blockchains such as Polygon and Loopring. But there is more to the Ethereum story. Several ambitious Layer-1 projects were also launched over time to compete with Ethereum. Some were even called “Ethereum Killers,” courtesy of the growing community. Cardano and Solana are two of those projects that are still around and gaining... --- ### Another day, another DeFi hack; $160 million lost > Wintermute, a leading global crypto market, has reportetly lost $160 million in a hack related to its DeFi operation. - Published: 2022-09-20 - Modified: 2022-09-21 - URL: https://coinswitch.co/switch/news/another-day-another-defi-hack-160-million-lost/ - Categories: News - Tags: crypto, news Wintermute, a leading global crypto market, has reportedly lost $160 million in a hack related to its DeFi operation. For perspective, the firm was named the official DeFi market maker for the Tron network last week. Wintermute is the latest in a long list of crypto companies hacked this year. In August, about $200 million was looted from crypto bridge Nomad, just days before DeFi protocol Curve Finance lost $570,000. In March 2022, the Ronin Validator Security Breach exposed the most serious DeFi vulnerability, where the hacker stole 173,600 ETH and 25. 5 million USDC from Ronin Bridge. Evgeny Gaevoy, the company's founder and CEO, announced the news on Twitter. However, Mr. Gaevoy has assured lenders on the platform that the firm is still solvent, with "twice over" $160 million in stock remaining. He said the company's lending and over-the-counter (OTC) services have not been impacted. In the Twitter thread, the chief executive went on to say that the lending company is still treating the hack as a white hat attack, and urged the hacker to get in touch. The hacker's wallet is already found by ZachXBT, an on-chain investigator. The wallet holds around $9 million in ether (ETH) and $38 million in other ERC-20 tokens. White hat hackers or "ethical hackers" hack companies to identify their security flaws. They can be paid employees or contractors working to find security gaps. Blockchain security startup Certik estimated that DeFi attacks cost more than $1. 3 billion In 2021. Going by the... --- ### PGA Tour enters NFT space to create golf collectibles > PGA TOUR has partnered with non-fungible token (NFT) marketplace Autograph to launch a golf-based NFT platform in 2023 - Published: 2022-09-20 - Modified: 2022-09-20 - URL: https://coinswitch.co/switch/news/pga-tour-enters-nft-space-to-create-golf-collectibles/ - Categories: News - Tags: crypto, news Storied sports league Professional Golfers' Association of America (PGA TOUR) has partnered with non-fungible token (NFT) marketplace Autograph to launch a golf-based NFT platform in 2023. The deal would run through 2027, during which golf-inspired NFTs will be created. By launching NFTs, the PGA hopes to engage fans better and bring them closer to the game and their favorite players. The NFTs will be created from the PGA's archive of videos and player data, and the proceeds from the sale of the NFTs will go to the players, according to a report from Sportico. Once launched, golf fans will be able to purchase digital material featuring their favorite players and moments from the past as well as the current FedExCup Season. Autograph is a Web 3. 0 brand co-founded by US football quarterback Tom Brady and has golf whiz Tiger Woods serving as a board adviser. Other notable personalities associated with Autograph include gymnast Simone Biles, skateboarder Tony Hawk, National Football League quarterback Justin Herbert, and tennis champion Naomi Osaka. While the PGA's venture is the first foray from the field of golf into the Web 3. 0 space, several other sporting leagues already have a presence. Major sporting leagues in the NFT space include the National Football League (NFL) and National Basketball Association (NBA), both of which have signed up with Dapper Labs, and Major League Baseball (MLB), which has partnered with Candy Digital. --- ### Solana leapfrogs ETH in daily transactions: Report > Solana (SOL) outperformed Ethereum (ETH) in terms of daily transactions, with more than 40 million vs. 1 million for Ethereum. - Published: 2022-09-20 - Modified: 2022-09-20 - URL: https://coinswitch.co/switch/news/solana-leapfrogs-eth-in-daily-transactions-report/ - Categories: News - Tags: crypto, news Solana (SOL) outperformed Ethereum (ETH) in terms of daily transactions, with more than 40 million vs. 1 million for Ethereum. The finding is based on data collected between April and June, according to a second-quarter report from Nansen, a blockchain analytics platform. Solana’s outperformance can be traced to a series of investment announcements to promote the GameFi, DeFi, and NFT ecosystems, beginning in mid-2022. The Solana blockchain has been getting a lot of attention, and Helium, the Internet of Things (IoT) blockchain network, might transition to the Solana network if the governance proposal gets the community nod. However, Solana witnessed more volatility compared to Ethereum on non-vote transactions, according to the report. The main dApps which contributed to the growth in daily transactions were Mango Markets and Serum, as well as the Solana-based decentralized oracle network Switchboard. Besides, Solana recorded between 100 million to 200 million transactions per day on vote transactions. The rapid increase in transactions is attributed to a rise in the total number of wallets from around 400,000 to nearly 1 million. Ethereum, Solana among top staked crypto assets Despite Solana outperforming Ethereum in daily transactions, the two share the top slots as the top staked crypto assets. Living up to the hype, Ethereum (ETH) takes the trophy for the most staked crypto assets, while Solana takes the second place with $12. 7 billion. Other top cryptos that made it to the top 5 are Cardano with over $11 billion, Binance Smart Chain with over $5 billion,... --- ### Panda DAO proposes dissolution over internal issues > Panda DAO, a Decentralized Autonomous Organization, revealed plans to dissolve itself in a seven-point referendum, citing management issues. - Published: 2022-09-20 - Modified: 2022-09-20 - URL: https://coinswitch.co/switch/news/panda-dao-proposes-dissolution-over-internal-issues/ - Categories: News - Tags: crypto, news Panda DAO, a Decentralized Autonomous Organization, revealed plans to dissolve itself in a seven-point referendum, citing management issues. The announcement made on 19 September also said that it plans to return assets to investors even as crypto winter wears on. If the referendum is successful, the Panda development team aims to withdraw PANDA from Uniswap, and expose the program’s open-source code to the public, and cease all social media footprints. The DAO cited the reason for the possible dissolution as “dealing with management issues within our DAO. ” An insider using the moniker ‘Panda’ said the team’s lengthy and tough project development process is to be blamed. Besides, he said that the majority wanted more and more guarantees that Panda was moving on the right path. But with the ongoing bear market and the market downturn, sheer survival becomes difficult. What will happen to Panda’s assets? The DAO has 1. 292 billion PANDA in assets. According to the seven-point referendum, between 500 million and 700 million PANDA tokens out of the 1. 292 billion PANDA in circulation would be distributed among investors. The remainder would be divided among financial suppliers. Further, 44. 56 million PANDA will be used to pay 8 of the project’s core developers, while approximately 50 million PANDA will be burned. How it all started? After raising 1,900 ETH in 2021 (1 ETH = 500,000 PANDA), the community was in disarray about how to best use the funds. This created a rift between Panda developers and users,... --- ### THNDR launches P2E Bitcoin Solitaire game > THNDR Games, a Bitcoin gaming company, released a play-to-earn (P2E) version of the popular card game Solitaire. - Published: 2022-09-20 - Modified: 2022-09-20 - URL: https://coinswitch.co/switch/news/thndr-launches-p2e-bitcoin-solitaire-game/ - Categories: News - Tags: crypto, news THNDR Games, a Bitcoin gaming company, released a play-to-earn (P2E) version of the popular card game Solitaire called Club Bitcoin: Solitaire. The new version of the game can be played on mobile phones and players can earn BTC for playing the game. By launching the game, THNDR Games aims to increase Bitcoin adoption across the world, with a special focus on its targeted audience: women and emerging markets. Solitaire players can play the OG computer game and earn Satoshis, tiny fractions of Bitcoin (BTC). THNDR Games announced the release via its Twitter account on 19 September. Solitaire is a classic computer game initially released in 1990. The Microsoft version of Solitaire was installed in over 1 billion computers, and as of 2020, the game has 35 million monthly users and 100 million daily plays. New gameplan THNDR Games’ change in strategy is based on the fact that 63% of all women play mobile games, and about 60% of THNDR’s users are from emerging markets. With Club Bitcoin: Solitaire, the company hopes to capitalize on the popularity of both Bitcoin and the Solitaire game while tapping into emerging economies as they are the fastest growing segment in the industry. Lightning Network popularized use of Bitcoin in gaming The concept of using Bitcoin in gaming is not new. In 2012, Satoshi Dice, an online bitcoin casino, became quite popular. However, high fees and low transaction speed made use of Bitcoin as a virtual gaming currency impractical. But with the launch of Lightning... --- ### Crypto market update: 20 September 2022 > After some lackluster sessions following the much anticipated Ethereum Merge, Monday came as a breather for most of the top cryptos. - Published: 2022-09-20 - Modified: 2022-09-20 - URL: https://coinswitch.co/switch/news/crypto-market-update-september-20-2022/ - Categories: News - Tags: crypto, market update After some lackluster sessions following the much anticipated Ethereum Merge, Monday came as a breather for most of the top cryptos by market cap. While BTC and ETH could not recover from Sunday's drop, Ripple (XRP) led the way up as investors cheered the outcome in SEC vs. Ripple case. However, Bitcoin (BTC) fell short of the $20,000 level despite gaining 0. 65%. With the recent dip, BTC failed to visit $20,000 for the fourth time since 3 July. Despite the slight uptick, the market is not out of the woods as volatility remains high. Meanwhile, investors are keeping a close watch on the US Federal Reserve’s meeting on interest rate hikes scheduled for 21 September as recession fears loom. The total crypto market cap increased by $11. 7 billion on Monday to $907. 1 billion. However, with BTC and ETH hitting a new September low, the market capitalization is down by $54 billion in September. The Fear and Greed Index The Fear & Greed Index, a gauge of market sentiment, rose from 21/100 to 23/100 in yesterday's session. While the index is still in the Extreme Fear zone, the modest increase can be attributed to BTC's return to $19,500 after sliding steeper on Sunday. In recent weeks, the index has hovered close to the 20/100 level. Top gainers and losers The top gainers, according to the live data from CoinSwitch, are ApeCoin (APE), that leads the way up with a whopping 17. 08% hike following ApeCoin unlocking rewards for... --- ### Women in crypto: A conversation with NFT artist Rima Singh > NFT artist Rima Singh redefines digital art. Her work is a testimony to the contributions of many other women in crypto. - Published: 2022-09-19 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/women-in-crypto-a-conversation-with-nft-artist-rima-singh/ - Categories: Crypto - Tags: crypto, NFT, women The crypto space is largely dominated by men, and the NFT arena isn’t very different. The gender disparity has not yet been reliably measured, but it is evident to those of us who work in the sector. Some reports even show that women are also less likely than men, to invest in crypto. For example, in India, only 38% of all crypto investors are women, according to a 2022 report by Gemini, a crypto product company. Today, we are taking the first step to help change all of that. We bring you the story of one amazing artist in the NFT space. NFT art has so much potential, and women like Rima Singh are forging the path ahead for many others to follow. Singh’s work redefines digital art and is a testimony to the contributions of many other women in crypto like her. Some of her most well-known collections are Women of Future Genesis and Women of Future 2. 0. The artist and her art: A quick introduction Rima Singh has managed to create quite a buzz with her NFT collections so far. With her use of sharp lines and striking colors, Singh’s stunning portraiture truly brings her diverse subjects to life. It is sensitive and powerful, and she uses it to empower people, particularly women. Photograph of Rima Singh (shared by the artist) When I contacted Singh for an interview, she responded instantly. Later, during our conversation, I was curious to find out what had made her agree so... --- ### Japanese gaming giants eye long-term blockchain adoption > Sega, Bandai Namco, Square Enix, and other big names in gaming have partnered with Oasys blockchain to create blockchain-based games. - Published: 2022-09-19 - Modified: 2023-01-11 - URL: https://coinswitch.co/switch/news/japanese-gaming-giants-eye-blockchain-adoption/ - Categories: News - Tags: crypto, news Sega, Bandai Namco, Square Enix, and other big names in gaming have partnered with Oasys blockchain to create blockchain-based games, according to Ryo Matsubara, representative director at Oasys, the eco-friendly network. Matsubara reportedly said that gaming giants like the ones mentioned above don’t see blockchain technology as a fad. Instead, they are contemplating the move with long-term goals in mind, according to an interview published by Cointelegraph. The interview was conducted at the recently concluded Tokyo Games. The interest shown by gaming companies indicates that much of the industry is not swaying from their path of blockchain pursuance despite criticism from the community. Throwing further light on the matter, Matsubara clarified that the companies aren’t looking to change their policies. Instead, they are looking at future tech adoption and not immediate revenue generation. When asked about the approach the firms are adopting, Matsubara suggested that the focus, for now, is on creating new blockchain-based games instead of integrating existing games with blockchain tech. Luke Sillay, a reputed game developer, was also present at the event. When asked about his point of view earlier during another interview with Cointelegraph, Sillay emphasized that the focus of games should be fun instead token-earning. While the names mentioned above are based out of Japan, blockchain gaming adoption is also increasing globally. Epic Games, the name behind Fortnite, for instance, has been increasing its exposure to blockchain gaming. --- ### ApeCoin “unlocks” rewards for launch contributors > ApeCoin—an Ethereum-specific token—is all set to reward its launch contributors by initiating a token unlock. Read more - Published: 2022-09-19 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/news/apecoin-unlocks-rewards-for-launch-contributors/ - Categories: News - Tags: crypto, news ApeCoin—the BAYC-inspired decentralized project with an Ethereum-specific token—is all set to reward its launch contributors by initiating a token unlock. As many as 25 million tokens (APE), valued at $132 million (at the time of writing), are to be given out. The unlock by ApeDAO, the treasury behind the unlock, will benefit contributors that range from individuals to companies. The companies involved are those that backed and funded the project. The token unlock was supposed to happen on 17 September 2022, six months after Apecoin’s launch. However, no additional details have been released as of now. What the crypto ecosystem can expect from the token unlock ApeCoin’s March launch attracted immense hype. The token unlock gig was expected to bring back some of the now fizzled-out hype. However, since most narratives involving Ethereum PoS hint at an ETH supply crunch, it’s possible that APE’s token unlock initiative might increase the supply and add to existing bearish sentiments. So far, though, the move has been positive for APE, which is still enjoying weekly gains of 9. 22%. How will the token unlock impact APE investors? APE has a fixed supply of 1 billion tokens. As of now, 318 million APE tokens are in circulation. A token unlock will bump up the circulating supply by close to 8%, which might impact the prices negatively. However, it would be interesting to see whether the launch contributors sell or hold onto the tokens, after receiving the rewards. Unless APE staking is introduced, contributors receiving... --- ### Ethereum PoW hit by replay exploit > The hard-forked Ethereum Proof-of-Work (PoW) blockchain was at the receiving end of a replay attack, according to BlockSec. Read more - Published: 2022-09-19 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/news/ethereum-pow-hit-by-replay-exploit/ - Categories: News - Tags: crypto, news The hard-forked Ethereum Proof-of-Work (PoW) blockchain was at the receiving end of a replay attack, according to BlockSec, a company that deals with blockchain infrastructure and security. BlockSec reported the issue on 18 September 2022 via Twitter. A replay attack is a network exploit where hackers delay or fraudulently replay a transaction message on another chain to carry out the same transaction twice, or more. The contentious ETH PoW was always prone to such an attack post-Merge. Currently, the Ethereum PoW token (ETHW) token is down by 96. 53%, from its all-time high. This development, however, also has to do with crypto exchange Poloniex’s support for the rival Ethereum fork, EthereumFair, despite founder Justin Sun’s prior pro-PoW comments. How was the attack initiated? The hacker first sent 200 wrapped ETH on the PoS mainnet using the Gnosis chain’s Omni bridge. It was a standard bridge transfer. The same message (call data) was then replayed on the ETH PoW chain to get 200 ETHPoW (ETHW) tokens. The attack could take place because the Omni bridge didn’t correctly verify the chain ID associated with the cross-chain message. Team responds The developer team said they have been trying to connect with Omni Bridge since 17 September to inform them about the associated risks. In response, the developer team at ETHPoW also published a post on Medium arguing that the attack is an exploit of a bridge-specific smart contract vulnerability and not due to their blockchain per se. According to them, no chain-specific replay... --- ### Dogecoin climbs another key crypto list > Popular dog-themed memecoin Dogecoin flipped Polkadot (DOT) to reclaim the 10th position in terms of crypto market cap. Read more - Published: 2022-09-19 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/dogecoin-climbs-key-crypto-list/ - Categories: Crypto, News-old - Tags: crypto, news The weekend marked a new achievement for Dogecoin (DOGE). In a largely bearish market, the popular dog-themed memecoin flipped Polkadot (DOT) to reclaim the 10th position in terms of crypto market cap. DOT had been correcting quite a bit over the past few days, allowing DOGE to gain the upper hand for now. Meanwhile, DOGE has been making some moon-ward moves in terms of ranking. This is the second big win for Dogecoin, after it became the second largest Proof-of-Work (PoW) crypto in terms of market cap on 15 September 2022. With the Merge’s successful completion, Ethereum moved to Proof-of-Stake (PoS) territory, away from PoW, and the second rank went up for grabs. Dogecoin sped past Ethereum Classic (ETC) and Litecoin to grab the spot. DOGE has a current market share of $7. 5 billion. As of now, it is a long way ahead of ETC, which takes third place, with a market cap of $3. 9 billion. There is also a $460 million valuation gap between DOT and DOGE, which is quite hard to close in a correcting market. The DOT–DOGE tussle isn’t new. Dogecoin previously flipped Polkadot back on 26 April 2022. DOT returned the favor on 31 July 2022 and reclaimed the prestigious 10th position. --- ### South Korea to issue new metaverse guidelines > South Korea has decided to issue a set of metaverse-related guidelines in an attempt to incentivize its growth. Read more - Published: 2022-09-19 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/south-korea-to-issue-new-metaverse-guidelines/ - Categories: Crypto, News-old - Tags: crypto, news South Korea’s Ministry of Science and ICT (MSIT) has decided to issue a set of metaverse-related guidelines in an attempt to incentivize its growth. In a recent press release, the Ministry confirmed its view on ditching the application of traditional video gaming laws to the budding realm. The Ministry added that the metaverse, as a service, is being considered on a par with OTT platforms and autonomous driving. Explaining the move during its first National Data Policy (NDP) committee meeting, MSIT said that it would not try and regulate a new service with an existing set of laws. The lack of a regulatory framework and a legal/institutional basis is the primary reason why metaverse-specific industrial growth is painfully sluggish, MSIT concluded. The progressive statement comes at a time when crypto and Web 3. 0 regulations are being talked about globally. South Korea’s optimistic stance on the metaverse and Web 3. 0 isn’t entirely new. The country saw the enactment of the Metaverse Industry Promotion Act, a law that offered a boost to the Web 3. 0 vertical, on 1 September 2022. The country has even invested close to $200 million to create and strengthen its in-house metaverse ecosystem. The South Korean government budget for specific metaverse projects will see an inflow of $140 million by 2023, according to the data released by MSIT. FAQs What are South Korea's metaverse regulations? South Korea's Ministry of Science and ICT (MSIT) plans to enact special laws for the metaverse, intending to replace conventional... --- ### Crypto market update: 19 September 2022 > The much-anticipated Ethereum Merge turned out to be anticlimactic. Here is our detailed crypto market update that details the same. - Published: 2022-09-19 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-19-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The much-anticipated Ethereum Merge turned out to be anticlimactic. On 15 September 2022 (the day of the Merge), the broader crypto market lost over 7%. And the correction extended through the weekend. The market seems to have lost another 4. 22%, day-on-day, at the time of writing. Almost every top crypto player is in the red. If you are a trader/investor, it is better to wait this period out, especially with the Fed interest hikes expected on 21 September 2022. Significant developments It is the first week post-Merge. Here are some developments that caught our attention: The overall crypto market is currently valued at $932. 02 billion. Bitcoin dominance has shot up over the past few days to settle at 39. 92% at release. Ethereum’s market dominance has dropped after the PoS transition, and the native token is currently holding steady at 17. 63%. CRE8, India’s onshore crypto rupee index, is currently trading at ₹2,650. 49, down by almost 9%, week-on-week. Key coins The big guns have had a pretty dismal week in terms of price action. While BTC dropped 11. 79% over the week, ETH corrected by 23. 98% despite the Merge harboring positive sentiments. Chiliz—the popular metaverse token—is the top gainer this Monday. It is up by almost 7. 80%. The positive price action can be attributed to the nearly 100% increase in daily trading volumes. Following Chiliz is AirSwap (AST), a DeFi project that is marginally in the green with a 0. 94% uptick against its name.... --- ### Post Merge, Dogecoin takes the No. 2 slot in PoW > ogecoin became the second-largest proof-of-work network after Bitcoin. With Ethereum exiting the ecosystem - Published: 2022-09-16 - Modified: 2024-03-27 - URL: https://coinswitch.co/switch/crypto/post-merge-dogecoin-takes-the-no-2-slot-in-pow/ - Categories: Crypto, News-old - Tags: crypto, news Soon after the successful execution of the Merge, Dogecoin became the second-largest proof-of-work network after Bitcoin. With Ethereum exiting the ecosystem, the PoW crypto dominance stands at 42. 23%. However, Bitcoin is still far ahead in terms of market capitalization and network hash rate. The other top proof-of-work cryptos in the top 10 list include Ethereum Classic, Litecoin, Bitcoin Cash, Monero, ZCash, and BitcoinSV. Unlike Bitcoin, which uses ASIC for mining purposes, mining Dogecoin is relatively easy as it can be mined using GPU, which can be assembled at home. Many experts feel that Ethereum’s departure from the proof-of-work ecosystem has put pressure on Bitcoin to justify the use of the power-hungry proof-of-work consensus mechanism over the long term. It is to be noted that the Dogecoin Foundation is also flirting with the idea of moving toward the proof-of-stake consensus mechanism. In December 2021, the decision-making body released its “Dogecoin Trailmap” roadmap which proposed to build a Dogecoin “community staking” version that resembled PoS. However, the move has not made much headway. ETC hash rate spikes massively in the last 24 hours As ETH miners are left with few options after the Merge, they have piled into the Ethereum Classic network soon after the transition, leading to a huge spike in network hash rate. From 65 terra hashes per second on Wednesday, the network hash rate spiked to around 307 terra hashes per second (TH/s) soon after the Merge, a spike of almost 5 times. It is currently hovering around... --- ### Russia pushes hard on crypto; sets December deadline > Mr. Mishustin also called on the institutions to work with other regulators to find a common position on the legislation to regulate the digital asset market in the country. - Published: 2022-09-16 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/russia-pushes-hard-for-using-cryptos-in-global-trade/ - Categories: Crypto, News-old - Tags: crypto, news Russian Prime Minister Mikhail Mishustin has urged the country’s central bank and finance ministry to agree on a vision to develop the country’s digital asset market by 1 December. Mr. Mishustin also called on the institutions to work with other regulators to find a common position on the legislation to regulate the digital asset market in the country. In recent months, Russia has been aggressively pushing for the use of cryptos in global trade to keep its revenue streams open and reduce the impact of financial restrictions imposed on the country by the West in the wake of its invasion of Ukraine. Further, the finance ministry and the Central Bank of Russia have been asked to prepare a roadmap for the development of the domestic financial market. The treasury department and the monetary authority are also required to work with Rosfinmonitoring, the country’s financial watchdog, the Federal Tax Service, and the Federal Security Service. They have been asked to present a proposal by 19 December on drafting a cryptocurrency bill, which will also contain provisions related to the issuance and circulation of a digital rouble. At the beginning of the year, Russian President Vladimir Putin had urged government institutions to reach a consensus on crypto regulations, underlining the country’s credentials to become a top crypto destination. Prime Minister Mishustin has referred to digital assets as a safe alternative for cross-border payments and settlement. FAQs Who controls cryptocurrency? Cryptocurrencies are typically decentralized and controlled by a network of computers, miners, and... --- ### SWIFT banks on blockchain to improve data accuracy > The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging network used to make cross-border payments, has joined hands with fintech company Symbiont to pilot a blockchain project. - Published: 2022-09-16 - Modified: 2023-12-28 - URL: https://coinswitch.co/switch/crypto/swift-banks-on-blockchain-to-improve-data-accuracy/ - Categories: Crypto, News-old - Tags: crypto, news The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging network used to make cross-border payments, has joined with fintech company Symbiont to pilot a blockchain project. The partnership is aimed at providing more accurate data for financial firms through blockchain technology. The pilot project could help members of the SWIFT platform distribute data almost real-time to global custody clients. “Through Assembly, Symbiont’s proprietary technology platform and smart contracts will be used “to create a network effect that leverages the 11,000+ institutions connected to SWIFT globally,” according to the press release. Vanguard, Citigroup, American Century Investments, and Northern Trust are part of the pilot project. “By bringing Symbiont’s Assembly and smart contracts together with SWIFT’s extensive network, we’re able to automatically harmonize data from multiple sources of a corporate action event. This can lead to significant efficiencies,” Tom Zschach, chief innovation officer at SWIFT, said. If the pilot is successful, SWIFT will integrate Symbiont’s system into its network and extend it to cover more corporate events It would also consider making it available to the wider SWIFT community. Symbiont is a leading blockchain technology service provider that aims to solve inefficiencies in the financial marketplace. “Via our smart contract technology, we are enabling market participants to automate the reconciliation process,” Mark Smith, co-founder and chief executive officer of Symbiont said. FAQs Does Swift use blockchain? Yes, Swift, the programming language developed by Apple, can be used in blockchain development. There are resources and tutorials available for building blockchain applications in... --- ### A beginner’s guide to Ethereum and its Merge > The Merge is the Ethereum network’s latest upgrade. With the Merge, Ethereum changed its way of verifying transactions—dropping the Proof-of-Work (PoW) mechanism and opting for the more eco-friendly Proof-of-Stake (PoS) one. - Published: 2022-09-16 - Modified: 2023-09-08 - URL: https://coinswitch.co/switch/crypto/a-beginners-guide-to-ethereum-and-its-merge/ - Categories: Crypto, Ethereum Merge - Tags: ethereum, merge The Merge—an upgrade to change Ethereum’s transaction verification mechanism—was successfully completed yesterday. As a result, the crypto market space is flooded with news on the second largest crypto by market cap. But all of the news coverage, the Twitter threads, and Medium blogs, come with a lot of jargon. Not to worry, though. All you have to do to get your basics straight is read this article. Ethereum: A brief introduction Ethereum is the second largest crypto by market cap after Bitcoin today. At the time of writing, ETH price is around the $1,400 mark. The Ethereum network is what took the crypto ecosystem beyond transaction-based uses by creating a Web 3. 0 services ecosystem. The network was instrumental to blockchain technology being able to compete with traditional systems on multiple levels. It all started in 2013, when Vitalik Buterin, the network’s most well-known co-founder, released Ethereum’s whitepaper at the age of 19. The following year, he received over $18 million in funding. The Ethereum blockchain went live on 30 July 2015. During Ethereum’s first stage of operations, the network could only host smart contracts and one kind of consensus mechanism. Smart contracts, consensus mechanisms... what’s all that? It’s a lot of jargon, yes, but this explainer should get you up to speed. What are smart contracts? Smart contracts are called “smart” for a reason. They rely on the intelligence of computers to provide financial services without the help of any intermediary person or institution. This type of contract is... --- ### An NFT to mark the final PoW Ethereum block > the final Ethereum PoW block mined before the transition to the PoS chain didn’t go unrecorded. The NFT, called “The Last POW Block,” was minted at a cost of $50,000. - Published: 2022-09-16 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/an-nft-to-mark-the-final-pow-ethereum-block/ - Categories: Crypto, News-old - Tags: crypto, news Crypto enthusiasts ensured that the final Ethereum PoW block mined before the transition to the PoS chain didn’t go unrecorded. The NFT, called “The Last POW Block,” was minted at a cost of $50,000. In crypto terminology, the NFT minted is a vanity block, which means the transaction itself is big enough, so there is no space for any other transactions to be included. The NFT created by the VanityBlocks team shows a pair of eyes peering out from a black background. Minting NFTs through vanity block is expensive and the team paid 31 ETH or $49,600 to mining pool F2Pool to mint the NFT and another 1. 3 ETH as gas fees. According to the VanityBlocks founder MonkeyOnTheLoose, the team raised 70ETH for the project in just three days to make it happen. As the NFT takes up all the block space, mining such an NFT is a huge challenge and they had only a 15% chance of successfully executing it, the founder said. The final Ethereum PoW block also contained the following text—"You make the commitment and nature will respond to that commitment by removing impossible obstacles. Dream the impossible dream and the world will not grind you under, it will lift you up. This is the trick. " NFT on PoS chain Likewise, someone minted the first NFT on the proof-of-stake chain and was quickly sold for a price of 36 ETH. The NFT is a time capsule of the moment of the first NFT mint on... --- ### Ethereum PoW fork no match for Merge’s dream run > Soon after the Ethereum Merge was successfully executed, the Ethereum proof-of-work chain went live with its mainnet. - Published: 2022-09-16 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/ethereum-pow-fork-no-match-for-merges-dream-run/ - Categories: Crypto, News-old - Tags: crypto, news Soon after the Ethereum Merge was successfully executed, the Ethereum proof-of-work chain went live with its mainnet. However, ETHPoW didn’t have a smooth start, unlike its PoS counterpart. The proof-of-work chain is intended to preserve the forked version of the Ethereum chain. Soon after the mainnet went live, users faced difficulty in accessing the network. The ETHPoW website server had to be shut down due to heightened activity. What’s more, users were complaining that they were not able to add the ETHPoW chain to their metamask wallet. Soon, it became evident that ETHPoW used a Chain ID that was already in use, leading to the error. Chain IDs act as a fingerprint of the blockchain and allow networks to confirm and identify on-chain assets. As there is no central registry for the creation of Chain IDs, they are created arbitrarily. The market panicked because of worries about a replay attack if developers failed to create a new Chain ID different from that of the Ethereum mainnet. In replay attacks, scammers can replicate a transaction in both chains, if both networks possess the same chain ID. Before the ETHPoW mainnet launch, its native token ETHW had surged to a high of $60. 68. But soon after it went live, users dumped the coin over issues in the chain, resulting in a drop of over 70%. Currently, it is trading at $12. 92, touching a low of $9. 29. FAQs What is the Ethereum merge 2023? Transition to Proof-of-Stake (PoS): The Merge represents... --- ### Crypto market update: 16 September 2022 > Ethereum’s transition to the proof-of-stake chain went without a hitch. However, the market witnessed a selloff as the Merge failed to cheer up investors. - Published: 2022-09-16 - Modified: 2022-09-29 - URL: https://coinswitch.co/switch/crypto/market-update-september-16-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, news Ethereum’s transition to the proof-of-stake chain went without a hitch. However, the market witnessed a selloff as the Merge failed to cheer up investors. The total crypto market cap is at the $960 billion mark. Bitcoin (BTC) ended the day at the sub-$20K level, while Ethereum (ETH) dropped below the $1,500 level. The selloff was primarily due to weakness in the equity market as the tech-heavy Nasdaq-100 fell 1. 43%. Among macroeconomic indicators, the Philly Fed Index—the manufacturing index for the Philadelphia area—unexpectedly turned negative in September. The Crypto Fear & Greed Index, a gauge of market sentiment, dropped by 8 points to 20/100, entering the extreme fear zone once again. Key coins The overall momentum has turned negative once again as Bitcoin is struggling to trade above the psychologically important $20K level. Currently, the $19,575 level is providing strong support and if it breaks below, the next major support is at the $18,700 level. Over the past few weeks, Bitcoin is moving between its major support and resistance level. Therefore, place your trades accordingly after doing proper research. In yesterday’s session, ETH failed to hold on to the $1,500 level and is currently close to its next major support at the $1,430 level. The relative strength index (RSI) is also indicating a weak momentum, which could push the ETH price further down. The expected boost from the Merge is not yet reflected in the price as investor sentiment remains weak. If it breaks below the $1,430 level in today’s... --- ### Experts respond to Norwegian town calling Bitcoin mining noisy > A Norwegian municipality is protesting against Bitcoin mining being too loud. The mining process is part of the PoW mechanism. - Published: 2022-09-15 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/norwegian-town-calls-pow-noisy-wants-miners-out/ - Categories: Crypto, News-old - Tags: crypto, news Experts are beginning to weigh in on a Norwegian municipality's protests against the noise from Bitcoin mining. Locals of Sortland town have been objecting to BTC mining developments in the area for some time now. CEO of KryptoVault, Kjetil Hove Pettersen has come out in support of the mining community arguing that the complaints could be another case of the media targetting Bitcoin. The country, which is responsible for close to 1% of the global hash rate, gets its power from green energy sources, Pettersen said. It is almost entirely powered by hydropower. The miners in fact even use the waste heat from the mining process to help local businesses dry out timber and seaweed. Another expert, Jaran Mellerud, an analyst from Arcane Research explained to Cointelegraph that there is a surplus of electricity in northern Norway due to limited demand and transmission capacity. The development unfolds even as the crypto world is celebrating Ethereum having successfully dropped the not-so-eco-friendly Proof-of-Work (PoW) mechanism of verifying transactions. The mining process is part of the PoW mechanism, and it is what Bitcoin continues to use. Bitcoin mining has been a contentious topic in Norway for some time now. Earlier this year, in May, a proposal to ban Bitcoin mining in the country was made in the Norwegian Parliament. The proposal was subsequently rejected. In 2018, a mining company even received a bomb threat over the issue. --- ### Wall Street firms to launch crypto exchange > A group of Wall Street firms have announced the start of a new cryptocurrency exchange, called EDX Markets (EDXM). - Published: 2022-09-15 - Modified: 2024-01-25 - URL: https://coinswitch.co/switch/crypto/wall-street-firms-to-launch-crypto-exchange/ - Categories: Crypto, News-old - Tags: crypto, news A group of Wall Street firms have announced the start of a new cryptocurrency exchange, called EDX Markets (EDXM). The exchange, called EDX Markets, is being launched by a consortium of financial heavyweights, including Citadel Securities, Fidelity Investments, Charles Schwab Corp, and other Wall Street firms, according to a press release from 13 September. The new exchange is also backed by Virtu Financial Inc. , Sequoia Capital, and Paradigm. The latest venture by Wall Street firms could lend a huge boost to the crypto ecosystem and pave the way to a bright future for digital assets. The fact that the new exchange has been announced despite the current market slump is significant. EDX Markets can be used to trade crypto and other digital assets. The platform aims to serve both individual and institutional investors. According to the press release, the “first-of-its-kind exchange” will enable safer, faster, and more efficient trading. The technology to run the EDXM exchange will be provided by Members Exchange, or MEMX, a stock exchange. Some of the same firms backing EDX, including Citadel Securities, Fidelity, Schwab, and Virtu, are behind MEMX. Furthermore, the press release emphasized that the exchange’s operations will be separated from the firms that trade in its marketplace. The separation is meant to eliminate conflicts of interest that affect existing crypto exchanges. A former senior executive of electronic trading giant Citadel Securities, Jamil Nazarali will act as the CEO, the press note revealed. It is interesting to note that until recently, the founder... --- ### Ethereum Merge successfully completed > The Merge is a success. Ethereum, the second largest crypto by market cap, will no longer rely on a Proof-of-Work (PoW) consensus mechanism. - Published: 2022-09-15 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/ethereum-merge-successfully-completed/ - Categories: Crypto, News-old - Tags: crypto, news It’s official, the Merge is a success. Ethereum, the second largest crypto by market cap, will no longer rely on a Proof-of-Work (PoW) consensus mechanism to verify transactions. The historic event took place on 15 September at 06:42:42 UTC at block 15537393. Ethereum’s mainnet execution layer has merged with the Beacon Chain’s consensus layer at the Terminal Total Difficulty of 58750000000000000000000. An “Ethereum Mainnet Merge Viewing Party,” streamed by Ethereum Foundation, was watched by over 41,000 people on YouTube, according to CoinDesk. Ethereum’s co-founder Vitalik Buterin participated in the livestream. Soon after, he took to Twitter to celebrate the event. Ethereum’s price has gotten a slight lift following the Merge, according to hourly metrics from Trading View. However, it is too soon to say much about the merger’s longer-term implications on ETH price. Ethereum’s green era begins With the successful completion of the Merge, Ethereum steps into a new era, a green one. The crypto is expected to consume 99. 9% less energy hereafter. The fact that crypto this huge will drop its energy use so drastically is a huge advance for the community as well as the environment. The newfound eco-friendliness of Ethereum has to do with the network severing ties with the power-hungry PoW consensus mechanism. PoW continues to be used by the world’s largest and most recognizable crypto, Bitcoin. A word of caution While much of the crypto ecosystem is celebrating Ethereum’s win, some bad actors are trying to scam people. Several fake accounts of Ethereum co-founder... --- ### Tesla launches new Cyberwhistle that can only be bought with DOGE > Tesla has released a new Cyberwhistle that can only be bought by DOGE. The collectible is modeled after its Cybertruck series. - Published: 2022-09-15 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/teslas-launches-new-cyberwhistle-that-can-only-be-bought-with-doge/ - Categories: Crypto, News-old - Tags: crypto, news American automotive company Tesla has released a new Cyberwhistle that can only be bought by CEO Elon Musk’s pet meme coin, DOGE. The collectible, modeled after its Cybertruck series, was listed on its online product catalog on 14 September. Tesla’s CEO Elon Musk also took to Twitter to encourage people to buy the product and “blow the whistle! ” The limited edition whistle priced at 1,000 DOGE (₹4820) sold out within three hours. Why DOGE? The reason the Cyberwhistle can be purchased only with Dogecoin of course is because Musk is a long-standing supporter of the coin. Musk once proclaimed that “Dogecoin is better than Bitcoin for payments. ” The fact that Musk’s companies Tesla and SpaceX started accepting Dogecoin as payment for merchandise helped make crypto mainstream. However, he had toned down on his support following a $258 billion lawsuit alleging that DOGE is a crypto Ponzi scheme. The latest revelation therefore comes as a small and pleasant surprise to the crypto community. More about Tesla’s Cyberwhistle This is not the first time Tesla is selling a whistle. Last year, the company launched a similar whistle, inviting users to “blow the whistle on Tesla. ” The product sold out in the blink of an eye then too. This year Musk has been engaged in a legal battle with Twitter, and a whistleblower from the company was subpoenaed last month in an attempt to gain information about spam accounts on the social network. The current whistle-selling is thus being seen... --- ### The Merge live stream is on! > The Merge is finally here. The Ethereum Foundation has scheduled an Ethereum Mainnet Merge Viewing Party livestream on YouTube. - Published: 2022-09-15 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/the-merge-livestream-is-on/ - Categories: Crypto, News-old - Tags: crypto, news After years of planning, delays, and doubts, the Merge is finally here, and you can watch it live. Living up to the anticipation and excitement around the Merge, the Ethereum Foundation has scheduled an Ethereum Mainnet Merge Viewing Party live stream. The event went live on YouTube at 4 am UTC—that’s roughly an hour and a half before the Merge takes place. The Merge marks Ethereum’s full transition to the Proof-of-Stake mechanism of verifying transactions, dropping its Proof-of-Work ways. When the network reaches a total terminal difficulty of 58750000000000000000000, the Merge will be executed. The next block produced will then use the Proof-of-Stake (PoS) mechanism. The Merge transforms the long-awaited dream of the co-founder Vitalik Buterin and the Ethereum community into a reality. It is one of the biggest events in the history of crypto and blockchain. The grand event has been in the making for more than six years. Guests to be expected at the live stream include the Ethereum Cat Herders and content creators from Bankless. Buterin and founder of “The Daily Gwei” Anthony Sassano might also join in, according to the Foundation’s YouTube description. In addition to the YouTube countdown, there are several other sites where viewers can watch the Merge live. They are Bordel. wtf. Google, Wenmerge. com, BTC. com and Blockchain. com. All the aforementioned websites have a running tally of the current total Total Terminal Difficulty and an estimated Merge time. FAQs Did ETH 2. 0 merge? Yes, ETH 2. 0 successfully merged with... --- ### Crypto market update: 15 September 2022 > The top cryptos by market had a bearish session yesterday. Ethereum (ETH) and Cardano (ADA) led the way, rallying by 4.09% and 3.66%. - Published: 2022-09-15 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-15-2022/ - Categories: Crypto, News-old - Tags: crypto, market update, news With the long-awaited Ethereum Merge just hours away, the top cryptos by market had a bearish session yesterday. Ethereum (ETH) and Cardano (ADA) led the way, rallying by 4. 09% and 3. 66%, respectively. The top gainer for yesterday was Celsius. With news about Celsius planning to restructure its business making the rounds, its token CEL surged by 28. 97%. Ravencoin (RVN) and Ethereum Classic (ETC) followed, with gains of 17. 44% and 11. 23%, respectively. Despite Bitcoin (BTC) struggling to recover from Tuesday’s 9. 9% drop, it saw a 0. 29% rise and ended the day at $20,234. BTC’s drop negatively impacts investor sentiment and impacts most altcoin prices. The crypto market cap rose by $12. 5 billion to $963. 9 billion during the session. The gain was modest compared to Tuesday’s $78. 9 billion drop. The Fear and Greed Index The Fear and Greed Index, created to understand investor sentiments in the crypto market, increased from 27 to 28. While that’s a modest increase, the fact that the Extreme Fear zone was avoided reflects investor resilience. The Index needs to return to 40/100 to support a BTC move toward $25,000. If it falls below 20/100, BTC could drop below $18,000. Top gainers and losers The top gainer today, according to live data from CoinSwitch, is QuarkChain (QKC) which surged by 11. 74%. It is trailed by Compound (COMP) and Fetch. ai (FET) with 5. 60% and 5. 23% gains, respectively. Terra 2. 0 (LUNA2) is trading on the... --- ### What is personal finance? > Take control of your finances with these Personal Finance strategies. Learn the mantra to budgeting and growing your assets here. - Published: 2022-09-14 - Modified: 2023-12-20 - URL: https://coinswitch.co/switch/personal-finance/what-is-personal-finance/ - Categories: Personal Finance - Tags: personal finance Do you have to look through your pockets for money at the end of the month? Worried about your rising debt? Or are you doing well, and just want to do better? This article on Personal Finance will help you, irrespective of which end of the spectrum you are on. No matter how good or bad you are with money, there is always scope to do better. Anyone who learns to manage their finances wisely will have better long-term financial prospects. This blog will help you understand the importance of personal finance and share a few strategies to help you handle your money better and make the most of it. What is personal finance? Personal finance refers to the management of money. It includes budgeting, income generation, investments, insurance, retirement planning, debt management, tax and estate planning, and risk allocation. The term also refers to the industry that helps you manage your finances. Managing your finances wisely creates avenues for you to be able to enjoy the type of lifestyle you want. And we are here to help you do just that. What is personal financial planning? Personal financial planning refers to the process of creating a budget, setting up your investment accounts, managing debt, improving creditworthiness, planning for taxes, and establishing a financial plan to reach all your short and long-term financial goals. It will help you to establish greater control over your finances, create realistic budgets, and gain financial insights that will enable you to plan all your... --- ### Ether futures in demand ahead of the Merge > It’s Merge time already, and investors are making their moves evident by showing an increased interest in Ether futures contracts. - Published: 2022-09-14 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/ether-futures-in-demand-ahead-of-the-merge/ - Categories: Crypto, News-old - Tags: crypto, news It’s Merge time already, and investors are making their moves evident by showing an increased interest in futures contracts. Not just Ether, but derivative contracts involving ETH are also witnessing a surge in demand. Global markets firm CME Group has reported a 15% increase in the daily volume of ETH-based futures contracts in September, compared to August. The open interest (market activity for futures contracts) has seen a steady increase over the past few weeks. Based on CME Group disclosure to Blockworks, ADV (Average Daily Volume) of the ETH contracts has gone up to 7,100. The ADOI (Average Daily Open Interest) has also shot up by almost 10% month-on-month. These statistics show that the Merge is still not completely priced in, and people are placing long-term calls on the future price movements. A futures contract is like a predetermined price commitment to be settled on a future date. An increase in the futures contract activity means that more people are looking closely at the market, especially with less than 24 hours to go for the Ethereum merge. Are there other trends worth watching? While Ether future contracts have seen a steady increase, micro-ETH futures contracts have outperformed in most cases. To elaborate, one micro-ETH futures contract is equal to one-tenth of one ether or 1/500 times that of a standard Ether derivative contract. The growth of micro-ETH futures contracts shows that people with small investments too are dipping their toes into the long-term space. While 62 ETH futures contracts are... --- ### KKR offers a bite of its PE fund on Avalanche > US investment major KKR’s latest health-care-specific private equity fund is now tokenized on the Avalanche blockchain. Read more - Published: 2022-09-14 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/kkr-pe-fund-now-on-avalanche/ - Categories: Crypto, News-old - Tags: crypto, news US investment major KKR’s latest health-care-specific private equity fund is now tokenized on the Avalanche blockchain. The development marks an era-defining association between real-world assets and blockchain technology. Previously, private equities weren’t easily accessible to people who had minimum funds to invest. Tokenizing an entire fund like this will help investors make use of the fractional nature of crypto while maintaining real-world exposure. Who is in charge of tokenization? Securitize Capital, a reputed digital asset firm, has taken the responsibility of tokenizing KKR's newest HCSG II (Health Care Strategic Growth Fund II). Wilfred Day, head of Securitize Capital, termed this development a “significant breakthrough. ” Tokenization now opens access to a leading private equity fund to individuals. Hopefully, other PE funds will also join the ranks. Why is this significant? The HCSG II is a $4 billion fund with investments in the top 23 European and North American firms active in sectors like life sciences, pharmaceuticals, and medical devices. Earlier, people who wished to invest in the HCSG II fund had to go through a detailed liveness (credentials) check. They also had to pay half a percent management fee. Tokenization changes everything as it speeds up investor onboarding, lowers investment threshold, and increases liquidity. Understanding the process Securitize Capital has been handling the Securitize protocol on the Avalanche blockchain since 2020. The protocol is responsible for putting together the tokenized feeder fund where tokens can be purchased to gain exposure to the health-focused private equity fund. KKR’s move is a... --- ### Uruguay plans to bring crypto under central bank purview > Uruguay has proposed a crypto bill, which will bring significant changes to the way virtual assets are regulated. Read more here - Published: 2022-09-14 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/uruguay-plans-to-bring-crypto-under-central-bank-purview/ - Categories: Crypto, News-old - Tags: crypto, news Uruguay has proposed a crypto bill, which will bring significant changes to the way virtual assets are regulated in the Latin American country. If all goes to plan, the Central Bank of Uruguay (BCU) will oversee and regulate virtual assets, the local daily El Observador reported. Uruguay’s move is timely as it comes at a time when global crypto regulations are being aggressively considered. The project has its eyes set on reworking the BCU’s charter, especially to bring “Virtual Assets” under the supervision of the Finance Services Superintendence (FSS), a department of the BCU. The executive branch has proposed the bill to the Uruguayan parliament— suggesting a new business category for services concerning virtual assets. The bill stipulates that service providers dealing in virtual assets will adhere to the FSS guidelines. Bill has a wide scope It is the categorization that is important here. Uruguay recognizes the VA (virtual asset) service providers as entities. As for the services, anything from having the custody of assets to exchanging and swapping is to be considered within the scope of the newly proposed bill. To be introduced as a law, the bill would need a thumbs up from the Chamber of Deputies and even the Uruguayan senate, with or without modifications. In short, complete congressional approval will be required for it to become law. Reading the fine print Going by the text, it is clear that the bill proposes to amend the “securities market law” as well. If everything falls in place, crypto... --- ### Maker banks on staked-ETH to lower USDC exposure > Leading DeFi platform Maker said it aims to lower USDC exposure by adding more stETH (Staked ETH) to its vault. - Published: 2022-09-14 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/maker-uses-staked-eth-to-lower-usdc-exposure/ - Categories: Crypto, News-old - Tags: crypto, news Leading DeFi platform Maker said it aims to lower USDC exposure by adding more stETH (Staked ETH) to its vault. The move comes in the wake of the USDC issuer Centre blacklisting 38 addresses following Tornado Cash sanctions. However, this act of censorship didn’t go down well with the broader crypto community, which explains Maker’s decision to reduce the stablecoin influence. In its attempt to lower centralized stablecoin reliance, Maker has now doubled its stETH-specific debt ceiling, post a successful governance proposal. While Maker has been contemplating this move for quite some time now, doubling the debt ceiling is the latest step towards making its stablecoin DAI truly decentralized. Previously, USDC tokens were the primary collateral for DAI, another stablecoin. However, Maker now wants to lower centralized exposure. For that, the debt ceiling concerning stETH has now been raised to $200 million. This means that Maker will be able to get $200 million worth of staked ETH to back its DAI. Since the ceiling rejig, almost $49 million in stETH entered Maker’s vault. However, the best part here is that stETH does not attract any stability fee. This means users locking their ETH to provide stETH will not have to pay anything to Maker. This, in turn, creates “Free DAI” for everyone holding stETH positions on Maker—making the process highly incentivized. --- ### Solana-based Jet has a new DeFi offering > Jet, a Solana-based liquidity protocol, has launched a DeFi product called “Leveraged Swaps” to simplify margin trades. Read more to know - Published: 2022-09-14 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/solana-based-jet-has-a-new-defi-offering/ - Categories: Crypto, News-old - Tags: crypto, news Jet, a Solana-based liquidity protocol, has launched a DeFi product called “Leveraged Swaps” to simplify margin trades. Leveraged swapping is a feature that allows users to borrow from liquidity pools for investing purposes by using their collateralized assets (backing crypto with other assets). Collateralization acts as a second line of defense against abrupt liquidations, thereby adding another layer of safety. The launch comes as analysts and customers remain skeptical about DeFi liquidity, especially ahead of the Merge. With DeFi platforms such as Compound and Aave putting a lid on borrowing ETH freely, Jet Protocol’s “Leveraged Swaps” might help shift user interest towards Solana. For perspective, Solana, which has been struggling this year, would require a massive sentiment overhaul to go up the popularity charts. Jet Protocol might just help with that. Jet Protocol is one of the popular lending and borrowing platforms on Solana that aims to replicate Uniswap by offering this new swap trading functionality. What makes it fascinating is its use of Automated Market Maker (AMM) to generate enough liquidity. This way, more liquidity providers are expected to come in and execute trades. How will the leveraged swap work? With leverage swaps, users can borrow assets using their existing assets to invest and earn yields across liquidity pools. As the existing assets would be collateralized in the first place, liquidation risk is further reduced. Wil Barnes, CEO of Jet Protocol, believes that this new DeFi product will reduce financial complexity within the crypto space. Jet, for now, will... --- ### Crypto market update: 14 September 2022 > The high inflation reading, which came in above expectations, cast a pall over the US equity market, dragging down the crypto market as well. - Published: 2022-09-14 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/market-update-september-14-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, new The high inflation reading, which came in above expectations, cast a pall over the US equity market, dragging down the crypto market as well. Investors had expected that better inflation numbers would prompt the Fed to go easy on interest-rate hikes. The US consumer price inflation peaked at 8. 3% in August, despite it being termed “transitory” by the Federal Reserve 17 months back. Though the August reading marked the second consecutive month of dropping inflation, the broader crypto market didn’t take it kindly. Close on the heels of the inflation report, the market experienced an immediate pullback, cutting the week-on-week rally short with a quick 2% dip. As of 14 September, the crypto market has slid under the $1 trillion market capitalization, touching $996. 60 billion. The overall correction in the market has extended up to 3. 44% since yesterday, underlining its strong correlation with traditional markets. Significant developments Here are the major day-on-day developments related to the crypto space: Bitcoin’s market dominance continues to drop and currently stands at 39. 22%. Despite the price drop, the broader market experienced a 14. 14% increase in terms of trading volume. The onshore rupee index CRE8 looks stronger compared to the broader market, dropping by 1. 26% over the past 24 hours. Ethereum’s moment in the sun—the Merge—is hardly a day away. The much-awaited systems upgrade might prove crucial to ETH’s and the overall market’s price action. Key coins Among the top players, almost every crypto asset seems to be feeling... --- ### What is portfolio management, and why is it important? > Portfolio management is about achieving the right balance between different assets. Read on to learn about how to get maximum ROI from your portfolio - Published: 2022-09-13 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/personal-finance/what-is-portfolio-management/ - Categories: Personal Finance - Tags: portfolio, wealth management In some ways, our investment portfolios resemble a traffic signal which alternates between green and red. Pushing this real-life example a little further, we constantly try to get hold of investment products that would help us meet our short- and long-term financial goals, mindful of the risks involved. That is portfolio management for you, in a nutshell. However, portfolio management isn’t just about conducting superficial research and stacking your portfolio with debt, equity, and crypto instruments. In fact, it’s all about achieving the right balance, a balance in sync with your objectives. Let’s delve deeper. To understand portfolio management, we need to understand ‘portfolio’ first. Your portfolio is a bunch of financial projects and instruments that mirror your investment profile. It could include stocks, crypto investments, bonds, PPF, and the like. Yet, each portfolio is different, depending on the risk appetite, near-term goals, and long-term objectives of the investor. Portfolio management helps you customize a portfolio to achieve your goals, considering individual preferences. What is portfolio management? It is the resource-intensive process of researching, handpicking, and overseeing investment ideas with a single-minded focus on maximizing returns. The portfolio management strategy you adopt would depend on your time horizon and risk appetite. Managing a portfolio is a professional skill. While you can always go about it on your own, there are professional portfolio managers who can do the job for you. Types of portfolio management (portfolio management schemes) As we have seen, it is a specialized skill and should be closely... --- ### Tether’s USDT added on Near blockchain > Tether, the company behind USDT, has announced that it will now launch the world’s largest stablecoin on the Near network. - Published: 2022-09-13 - Modified: 2024-01-25 - URL: https://coinswitch.co/switch/crypto/tethers-usdt-added-on-near-blockchain/ - Categories: Crypto, News-old - Tags: crypto, news Enlarging its footprint in the crypto world, Tether, the company behind USDT, has announced that it will now launch the world’s largest stablecoin on the Near network. Near is a smart contract platform that hosts close to 700 projects. The addition of USDT will improve the usability of the platform. Since July, the Near network has been processing between 300K to 400K transactions per day. According to the release by Tether, users on the Near network can move money in and out of the ecosystem using USDT and generate higher yields. “The Near ecosystem has witnessed historical growth this year and we believe Tether will be essential in helping it continue to thrive,” Tether CTO Paolo Ardoino said. The move will also strengthen USDT’s position in the stablecoin market, which has witnessed some large shake-ups since the crash of Terra Luna’s UST. Near is the 13th blockchain to support USDT. The other blockchain includes Ethereum, Algorand, Omni, Liquid Network, Solana, Avalanche, Polygon, Kusama, Bitcoin Cash’s standard ledger protocol, Tezos, Tron, and EOS. The Near Foundation also announced the introduction of a $100 million venture capital fund and venture lab focussing on Web 3. 0 growth. The VC fund has been launched in partnership with Caerus, a newly launched investment firm. FAQs Which blockchain is tether usdt? Tether (USDT) is issued on several different blockchains, including:1) Ethereum (ETH): Tether was initially launched as an ERC-20 token on the Ethereum blockchain and is one of the most widely used versions of USDT.... --- ### Russia moves closer to using crypto for international payments, with Rostec’s lead > Rostec, one of Russia’s leading tech companies, is working on a project to integrate digital assets into cross-border trade payment settlements. - Published: 2022-09-13 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/russia-moves-closer-to-using-crypto-for-international-payments-with-rostecs-lead/ - Categories: Crypto, News-old - Tags: crypto, news Rostec, one of Russia’s leading tech companies, is working on a project to integrate digital assets into cross-border trade payment settlements. Speaking on the sidelines of the “Digital Finance: New Ways of Development” conference, Rostec Managing Director Anna Sharipova said that the corporation is exploring the possibility of testing digital assets as a means for payments in exports and imports. When the West imposed financial restrictions on the country over the military intervention in Ukraine, the Russian economy was badly hit. As a result, proposals to legalize the use of digital financial assets have been gaining support among officials. The Russian central bank is also contemplating legalizing the use of crypto for the settling of cross-border payments. Sberbank, one of Russia’s largest banks, announced last week that it intends to allow users to issue NFTs on its blockchain platform. Sharipova put these developments and Rostec’s decision into perspective saying that suppliers and consumers are looking to modern and efficient settlement systems in the face of various restrictions due to the sanctions. Experts at Rostec are currently working on a launch strategy for the project, supported by market participants and local authorities. Trials for it will be held under an experimental legal regime for electronic trading on Russky Island. FAQs Is Russia now using crypto? Russia is planning to legalize the use of cryptos for international trade, moving towards integrating digital assets into its economy. Is Russia moving to digital currency? Yes, Russia has introduced the Digital Ruble, a central bank... --- ### VC funding for NFT and gaming firms sees huge jump in August > In August 2022, NFT and metaverse gaming firms witnessed a 66% jump in Venture Capital (VC) funding, touching $842 million. - Published: 2022-09-13 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/vc-funding-nft-and-gaming-firms-see-huge-jump-in-august/ - Categories: Crypto, News-old - Tags: crypto, news Despite gloomy market conditions in recent months, Non-Fungible Token (NFT) and blockchain-based gaming firms are continuing to attract the interest of institutional investors. In August 2022, these firms witnessed a 66% jump in Venture Capital (VC) funding, touching $842 million. The number of VC deals in the space has shot up to 53, according to The Block Research. The most notable recent deals involved mobile gaming firm Limit Break, NFT group Proof Collective, and metaverse avatar creator firm Ready Player Me. Limit Break raised $200 million, Proof Collective managed a16z funding of $50 million, and Ready Player Me garnered $56 million. The success of NFT and blockchain-specific gaming firms is surprising because the overall funding in the crypto space has declined for the fourth month in a row. NFT and gaming firms are the ones to recover. Advancements in technology, infrastructure and throughputs for L1s and L2s help increase the odds of success for blockchain-based gaming projects, The Block Research analyst John Dantoni explained. Commenting on the funding pattern by VCs, Dantoni said an NFT marketplace has to face less regulatory risk compared to a non-decentralized financial institution. September follows suit The funding spree continues in September with a total VC funding of $500 million awarded to various crypto startups last week. Of the total funding, more than half went to the metaverse and Web3 gaming platforms, dominating the funding rounds. Web 3. 0 startup Animoca Brands raised funds worth $100 million from Singapore state-owned Temasek, Boyu Capital, and GGV... --- ### Starbucks picks Polygon for its Web 3.0 space "Odyssey" > Starbucks is partnering up with Polygon blockchain network to launch its Web 3.0 initiatives called Starbucks Odyssey. - Published: 2022-09-13 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/starbucks-picks-polygon-for-its-web-3-0-space-odyssey/ - Categories: Crypto, News-old - Tags: crypto, news Starbucks, the famous American coffee shop chain, is partnering up with the Polygon blockchain network to launch its Web 3. 0 initiatives called Starbucks Odyssey. The integration of Web 3. 0 technology into the Starbucks Rewards loyalty program will benefit users in a number of ways. It will open up the possibility of immersive coffee experiences and offer access to unique merchandise, artist collaborations, and invitations to exclusive events. With the partnership, Starbucks’ Rewards loyalty program members and US-based employees will also be able to earn and purchase digital collectible stamps as NFTs. Customers and partners can now join the waitlist to get the first access to the Starbucks Web 3. 0 experience, which will be launched later this year. Starbucks has been dabbling with NFTs and trying to build a unique Web 3. 0 experience for users for some time now. In May 2022, Starbucks announced that it would be launching its first NFT collection based on the brand’s “coffee art and storytelling” as a move to attract a new customer segment. Additionally, as part of the company’s Q3 2022 earnings call on 2 August 2022, CEO Howard Schultz announced that the company will be going big on developing a reward program on Web 3. 0 and retaining its young customer base. “Building Starbucks Odyssey using technology that aligns with our sustainability aspirations and commitments is a top priority. We took a very thoughtful and thorough approach when evaluating which blockchain to utilize and Polygon’s fast, low-cost, and carbon-neutral... --- ### Ethereum PoW fork date announced > A new Twitter handle called @EthereumPoW has confirmed the official launch of ETHW, the Ethereum Proof-of-Work (PoW) fork on September 15th. - Published: 2022-09-13 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/ethereum-pow-fork-date-announced/ - Categories: Crypto, News-old - Tags: crypto, news According to the Twitter post, a new Twitter handle called @EthereumPoW has confirmed that ETHW, the Ethereum Proof-of-Work (PoW) fork, will be deployed within 24 hours of The Merge. The Merge is likely to take place on 15 September 2022. Details about the strategy for the upcoming launch of the ETHW mainnet were also mentioned in the thread. ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow 1/n pic. twitter. com/cnYOW6l1iU — EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022 The announcement comes after much uncertainty. The fork gives the ETH mining community the option of continuing to mine at a time when the Ethereum network is going down the Proof-of-Stake route. However, in recent times, many have criticized the fork and have even suggested that it may be a rug pull. The price of ETHW even crashed by almost 80% over the last month. The announcement, therefore, takes us one step closer to finding out whether the chain will eventually succeed. On the day, the ETHW testnet uses chainID 10002 for now. To avoid replay attacks, it will be switching to 10001 with the launch. The final code, configuration files, binaries, and other vital data will be shared. To give miners sufficient time for the chainID switch, the mainnet will go live after 2,048 empty blocks are processed. This means the first block containing any transaction will be from the 2,049th block and onward. An hour before the mainnet launch, an official announcement will... --- ### Crypto market update: 13 September 2022 > It’s been a mixed session for the crypto market yesterday due to price action among the top 10 cryptos. Bitcoin (BTC) and Solana (SOL) continued to be in a breakout mode, - Published: 2022-09-13 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-13-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news It’s been a mixed session for the crypto market yesterday due to price action among the top 10 cryptos. Bitcoin (BTC) and Solana (SOL) continued to be in a breakout mode, while Ether (ETH) struggled to move higher and witnessed a slight pullback. With the Ethereum Merge exactly two days away, we may see ETH and BTC record huge volume-based trades, which can move the market significantly. The market dominance levels of both BTC and ETH have moved a bit higher over the last three to four trading sessions and are currently over 41% and 20%, respectively. The Fear and Greed Index is showcasing improved investor sentiment as it has jumped by 9 points during yesterday’s session, closing at 34/100. Support comes from Nasdaq, which rose by 1. 27% yesterday. However, it could be a difficult day ahead for traders as the US inflation report is going to be released. Any uptick in inflation can roil the market mood. Key coins Source: Tradingview On the daily chart (shown above), BTC is showcasing strength in momentum. The break above the 50-day Exponential Moving Average (EMA) has been a positive development and is now providing strong support. However, BTC needs to break another resistance level, at $23,200, to confirm a trend reversal. The market is expected to demonstrate volatility in the next few sessions, and a break below the 50-day EMA could send the price below $21K. Source: Tradingview In the 4-hour chart above, we can see that ETH, struggling to break... --- ### MicroStrategy to sell $500 million in stock to buy more Bitcoin > MicroStrategy remains bullish on Bitcoin, with the company revealing plans to sell up to $500 million of stock to purchase more Bitcoin. - Published: 2022-09-12 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/microstrategy-to-sell-500-mn-in-stock-to-buy-more-btc/ - Categories: Crypto, News-old - Tags: crypto, news Despite the downturn in the crypto market, US software developer MicroStrategy (MSTR) remains bullish on Bitcoin as ever, with the company revealing plans to sell up to $500 million of stock to purchase more Bitcoin. The company revealed its plan in a filing with the Securities and Exchange Commission (SEC). The firm has retained Cowen and Company and BTIG as its agents for the share sale. MicroStrategy and its former CEO and founder Michael Saylor have never missed an opportunity to snap up Bitcoin. If the sale goes through, the proceeds from the sale of MSTR stock could go towards acquiring more Bitcoins and for general corporate purposes. However, the company did not disclose the amount that will be allocated for purchasing Bitcoin. Fully committed to Bitcoin MicroStrategy has emerged as a corporate Bitcoin vault and is the single largest corporate holder of Bitcoin, with a holding of over 129,000 BTC. The firm incurred a $1. 2 billion loss on its Bitcoin bet. The recent plan to acquire more BTCs comes a month after Michael Saylor stepped down as chief executive and transitioned to the role of chairman. A week after, the Washington DC Attorney General sued the company and Saylor for alleged tax fraud. Even though Michael Saylor is out of the hot seat, he appears to be fully aligned with the new CEO Phong Le on the question of acquiring Bitcoin. The incumbent has said that the firm still plans to hold Bitcoin for the long term. FAQs... --- ### Solana-based NFTs shine amid the gloom > The number of NFTs minted on Solana surged to an all-time high of 312,000 on 7 September compared to 39,000 mints on 4 September. - Published: 2022-09-12 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/solana-based-nfts-shine-amid-the-gloom/ - Categories: Crypto, News-old - Tags: crypto, news Despite a sluggish market for non-fungible tokens (NFTs), Solana-based NFTs are surging. The number of NFTs minted on Solana surged to an all-time high of 312,000 on 7 September compared to 39,000 mints on 4 September. The numbers are from the Block's Research Data Dashboard. September seems to be a good month for Solana's NFTs. Solana-based NFT volumes rose to the highest level since May, reaching $11. 5 million on 6 September. Simultaneously, Solana's NFTs marketplace Magic Eden increased its market share from 12% at the beginning of September to 36. 6% on 7 September. What does it mean for the broader NFT space? 2022 has not been a great year for crypto assets, especially for NFTs. NFTs made heads turn last year, becoming Collins Dictionary’s word of the year. However, with the onset of the crypto winter, several NFTs lost value and many NFT marketplaces have failed to recover from the price drop, nine months into the current year. But the surge of Solana-based NFT trading represents a bright spot in the broader NFT market. Solana-NFTs are meager and new to the NFT marketplace compared to other bigger and more popular NFT projects like Bored Apes Yacht Club and CryptoPunks. Chase Barker, head developer at the Solana Foundation, recalls people mocking Solana NFTs on Twitter when they first made their appearance. FAQs Can Solana be used for NFT? Yes, Solana can be used for NFTs. It hosts decentralized applications and supports NFT marketplaces, making it a suitable platform for... --- ### Terra-Luna effect: Algorand flags $35M loss from Hodlnaut exposure > The Algorand Foundation has incurred a $35 million USDC loss on its balance sheet on account of its exposure to crypto lending firm Hodlnaut. - Published: 2022-09-12 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/terra-luna-effect-algorand-flags-35m-loss-from-hodlnaut-exposure/ - Categories: Crypto, News-old - Tags: crypto, news In a significant development, The Algorand Foundation said it has incurred a $35 million USDC loss on its balance sheet on account of its exposure to troubled crypto lending firm Hodlnaut. The announcement was made on the Algorand Foundation website on 9 September and further broadcasted on Twitter. The revelation by the two-tiered blockchain protocol shows that the impact of the Terra Luna crash is still felt across the crypto space. But first, a quick recap of the developments for perspective. Hodlnaut's financial situation turned sour when its $300 million investment in TerraUSD (UST) on the Anchor protocol lost most of its value. This resulted from UST's de-pegging and the LUNA token's collapse. The Singapore-based lending firm was forced to stop withdrawals and suspend trading in the face of an acute liquidity crisis. And how does Algorand come into the picture? The blockchain protocol invested $35 million USDC in Hodlnaut. Most of the investment consisted of locked-in, short-term deposits that became inaccessible following Hodlnaut's suspension of withdrawals. However, Algorand is "pursuing all legal remedies to maximize asset recovery," according to the announcement from the Foundation. Foundation reassures community The Algorand Foundation is a community-based non-profit organization dedicated to fostering the Algorand ecosystem. Amid the crisis, the Foundation sought to reassure its community, underlining the fact the funds invested in Hodlnaut were surplus to its day-to-day requirements and represent less than 3% of the Foundation's total value. It was also clarified that the loss would not lead to operational or liquidity... --- ### Google joins in as time ticks away on Ethereum merge > Tech giant Google has integrated a countdown clock into its world-leading search engine ahead of the Ethereum merge this week. - Published: 2022-09-12 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/google-joins-in-as-time-ticks-away-on-ethereum-merge/ - Categories: Crypto, News-old - Tags: crypto, news It seems the crypto world, badly in need of good news, has lots coming its way. Tech giant Google has integrated a countdown clock into its world-leading search engine ahead of the Ethereum merge this week. Sam Padilla, a Google Cloud developer, was the first to tweet about the development, which signaled Google’s support for the much-anticipated switch. The tweet mentions that the idea came from Google's internal Web 3. 0 chats and was implemented in less than two weeks, a significant achievement. Ethereum’s merge—its transition from proof of work (PoW) consensus mechanism to proof of stake (PoS)—is scheduled to happen on 15 September, if all goes to plan, setting the crypto-verse ablaze. And now, the world’s biggest search engine has joined the party with the integration of the doodle. In recent years, Google has deployed ‘Google Doodle’ to celebrate historical events and festivals, and Google’s integration of the merge shows how the event has attracted attention beyond the crypto space. This is how it works. When you type “Ethereum Merge” or “the merge” on the Google search engine, it loads the countdown clock. The clock shows the days and hours to go before the merge along with the current hash rate, difficulty, and merge difficulty. Besides, the page also shows images of two happy bears approaching each other with outstretched arms. The bears will get closer with each passing day. When the merge finally happens, the bears will combine to form a single panda, the unofficial mascot for Ethereum’s... --- ### Thai DeFi platform Forward raises $5 million in seed funding > DeFi platform Forward has raised $5 million in a funding round led by some of Thailand's largest banks and venture capital firms. - Published: 2022-09-12 - Modified: 2023-12-26 - URL: https://coinswitch.co/switch/crypto/thai-defi-platform-forward-raises-5-million-in-seed-funding/ - Categories: Crypto, News-old - Tags: crypto, news DeFi platform Forward has raised $5 million in a funding round led by some of Thailand's largest banks. The funding round was led by Primestreet Capital and included venture capital firms affiliated with Kasikornbank and the Bank of Ayudhya. Ratanakorn Technology Group, GBV Capital, and Varys Capital also participated. Chanon Charatsuttikul, Forward’s founder and CEO, announced the news in a press release. The fundraising comes amid moves by the country’s regulators to tighten rules in the crypto sector in the wake of trading irregularities and the collapse of a major acquisition involving a crypto exchange. Forward, a decentralized derivatives exchange Forward is a DeFi platform that is developing a protocol for decentralized derivative trading that matches long and short positions. For the uninformed, long and short positions reflect the two possible price directions required to generate a profit. With the $5 million seed funding, Forward claims to be the first DeFi project to receive funding from global investors and two major Thai banks. The funds will go towards developing a decentralized derivative platform, "which is non-custodial with a system that prohibits transactions from sanctioned countries and addresses," Chanon Charatsuttikul said. Strained ties Thailand and the crypto sector have had an uneasy relationship in recent times. A few weeks ago, Thailand’s oldest bank, Siam Commercial Bank, abandoned a $500-million deal to acquire cryptocurrency exchange Bitkub, citing regulatory issues. The cancellation happened after the Thai Securities and Exchange Commission ordered the crypto platform to review the listing process of the KUB coin... --- ### Crypto market update: 12 September 2022 > The crypto market closed the week on a bearish note. Ethereum (ETH) and Polkadot (DOT) led the way down, with top cryptos following suit. - Published: 2022-09-12 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/market-update-september-12-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The crypto market closed the week on a bearish note. Ethereum (ETH) and Polkadot (DOT) led the way down, with top cryptos by market cap, including Cardano (ADA), Binance Coin (BNB), Solana (SOL), and Ripple (XRP) all trading in the red. However, Bitcoin (BTC) rose by 0. 82%, ending the week with a 9. 15% gain to touch $21,834. With this, BTC has traded above $21,000 for the second consecutive session. After experiencing a mixed session followed by a late pullback, the total crypto market cap is down by $12. 5 billion to $1,011 billion ($1. 01 trillion) for the session. On the crypto news front, it was a quiet Sunday, leaving investors to focus on the upcoming week. The Fear and Greed Index Despite the bearish market sentiments, BTC managed to stay in the green on Sunday, but the Fear and Greed Index fell for the second time in a row. The Fear & Greed Index, an indicator of the crypto market sentiment, slipped back into the Extreme Fear zone. The index dropped from 26/100 to 25/100. In the absence of crypto-specific news in yesterday’s session, investor concerns ahead of this week’s release of US economic data likely contributed to the decline. Top gainers and losers Golem (GLM), with a 16. 33% gain, is the top gainer, according to live data from CoinSwitch, followed by ApeCoin (APE) and Power Ledger (POWR), which added 8. 02% and 5. 43%, respectively. Among the bottom performers, Terra 2. 0 (LUNA2) leads the... --- ### Why the Ethereum Merge could start a bull run for ETH and the broader market > The much-anticipated Ethereum Merge might give the crypto market the push that it has been awaiting since the onset of 2022. - Published: 2022-09-12 - Modified: 2023-12-27 - URL: https://coinswitch.co/switch/crypto/can-ethereum-merge-start-a-bull-run-for-eth/ - Categories: Crypto, Ethereum Merge - Tags: ethereum merge The much-anticipated Ethereum Merge is almost here. Ethereum is adopting a more eco-friendly way of verifying transactions—Proof-of-Stake. But how is the Merge going to impact Ethereum’s price action? We think it might give the crypto market the push that it has been longing for since the beginning of 2022. That’s only speculation of course, but at CoinSwitch, we don’t speculate without explaining ourselves fully and giving you every opportunity to decide whether you agree with our analysis. That’s why we are bringing you some data-backed insights to help you see where we are coming from. 1. Ethereum responds positively before each upgrade. Almost every Ethereum upgrade in the past has ended with the start of a bullish phase for ETH. While some gains were immediate, some took a little time to come. For instance, the post-DAO fork saw ETH’s price go up by almost 10% in less than a week. Here is a detailed analysis of the key Ethereum upgrades and the corresponding price movements. 2. Eco-friendliness will push adoption and therefore prices. The Merge will make the network 99. 95% more energy efficient, according to Ethereum Foundation, and that will in turn boost institutional adoption. When corporations and institutions begin to show interest in Ethereum after the Merge, we can expect a higher demand for ETH. And higher demand is often synonymous with bumped-up prices. 3. ETH is going to turn net deflationary soon. Do you happen to remember this tweet from a researcher at IntotheBlock called Lucas Outumuro?... --- ### Ford revs up for drive into the metaverse > Reputed California-based car manufacturer Ford filed 19 trademarks for its major car brands, revealing its metaverse plans. - Published: 2022-09-09 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/ford-moves-to-the-metaverse/ - Categories: Crypto, News-old - Tags: crypto, news Reputed car manufacturer Ford Motor Company filed 19 trademarks for its major car brands on 2 September 2022, revealing its metaverse plans. The trademark applications cover virtual SUVs, cars, vans, trucks, and even clothing. The company intends to create downloadable audio, videos, texts, and artwork featuring its products. According to USPTO’s trademark page, an NFT marketplace is also on Ford’s radar. Mark Kondoudis—licensed attorney at the USPTO (United State Patent and Trade Office)—broke the news on Twitter. The tweet suggests that most established Ford car brands, including Lincoln, Mustang, Explorer, and Bronco, will get their respective digital avatars. https://twitter. com/KondoudisLaw/status/1567480586666741760 Ford’s revelation comes as a surprise as less than a month ago Ford Executive Chairman Bill Ford and CEO Jim Farley announced massive staff cuts from its workforce. The cuts were meant to reduce company expenditure. The government trademark page reveals that Ford plans to offer a virtual driving experience in the metaverse. Virtual vehicle accessories and clothing are also in the offing. Online catalog building might also be on Ford’s mind. The 041-Primary Class segment lists online exhibitions using augmented and virtual reality. Ford isn’t the first company to contemplate a metaverse foray. Car manufacturing stalwarts like Lamborghini and Bentley already have their standalone NFT collections. And Hyundai, Toyota, and Nissan have also been plan on venturing into the virtual arena. --- ### Merge-related airdrop expectations are sucking liquidity out of DeFi > Many ETH owners are ditching DeFi liquidity pools for wallets relevant to the Ethereum mainnet, expecting merge-related airdrops. - Published: 2022-09-09 - Modified: 2023-11-22 - URL: https://coinswitch.co/switch/crypto/airdrop-expectations-sucking-liquidity-out-of-defi/ - Categories: Crypto, News-old - Tags: crypto, news Many ETH owners are ditching DeFi liquidity pools for wallets relevant to the Ethereum mainnet. This has to do with the fact that ETH PoW is expected to emerge as an alternative to the Vitalik-backed Ethereum network after the Merge, Ethereum’s upcoming upgrade. People are eyeing the fork’s ETHW tokens and are looking forward to a potential ETHW airdrop. A few days ago, Bobby Ong, the influential founder of CoinGecko, even put out a Twitter post that spelled out what users would need to do to benefit from such an airdrop. https://twitter. com/bobbyong/status/1566616585015422976 Moving ETH held to a non-custodial wallet was his first suggestion. Unwrapping all wETH from DEXs and removing liquidity from DeFi protocols used to stake your ETH was another idea Ong offered. Ong also recommended borrowing ETH from the likes of Compound and AAVE. The borrowed ETH could be returned upon receiving the airdrop. Why the ETHW airdrop is all the craze right now Each ETHW token is expected to be valued at 2. 5% of the ETH price at the time. ETH is currently holding steady at $1,666. So if the price of one ETH touches $2,000 post-merge, an ETHW token will cost close to $50. However, the final price of the Proof-of-Work token will depend on when the Merge actually takes place. How is the airdrop news impacting the DeFi space? Airdrop revelations have made people take out their staked and wrapped ETH from pools, Decentralized Exchanges (DEXs), and protocols. Plus, people are even borrowing... --- ### Ronin hack: $30 million worth of crypto recovered > A group of investigators has recovered almost 10% of funds worth $30 million stolen as part of the well-known Ronin hack. Read more - Published: 2022-09-09 - Modified: 2023-12-26 - URL: https://coinswitch.co/switch/crypto/ronin-hack-funds-recovered/ - Categories: Crypto, News-old - Tags: crypto, news A group of investigators, led by Chainalysis’s Crypto Incident Response team, has recovered almost 10% of funds worth $30 million stolen from the well-known Ronin hack. The Ronin network lost $622 million (the value from the time of the announcement) to hackers on 23 March 2022. The funds were allegedly stolen by a North Korean hacker group that goes by the name Lazarus. The hack had involved the bridge connecting Axie Infinity and Ethereum being exploited. This is the first incident ever when crypto stolen by the North Korean troublemakers was recovered. The recovery could be a sign that hackers will no longer find encashing ill-gotten proceeds easily. How did they trace the stolen funds? As the hackers had used centralized setups, they left behind a footprint, which the recovery team was able to use to trace them. Chainalysis teamed up with law enforcement to recover the stolen funds. Chainalysis’s response team utilized advanced techniques to follow the funds to specific cash-out zones. The liaison with law enforcement ensured that the traced funds were quickly frozen and eventually seized. The numbers involved At the time of the hack, the stolen crypto assets—1,73,600 wrapped ETH and 25. 5 million USDC—were valued at $522 million. By the time the hack was made public, the value went up to $622 million, making the Ronin exploit one of the largest DeFi hacks. Today, the stolen funds are valued at $307 million (courtesy of the crypto winter). The Ronin network (bridge) was closed in June... --- ### How the Merge will affect ETH token supply > Combining the post-Merge inflation rate and burn rate of ETH tokens, it is possible to see that ETH tokenomics could become deflationary. - Published: 2022-09-09 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-the-merge-will-affect-eth-supply/ - Categories: Crypto, Ethereum Merge - Tags: ethereum merge, tokenomics All eyes in the crypto space are currently on an upcoming watershed moment, the Merge. Ethereum’s adoption of the Proof-of-Stake transaction verification mechanism with the Merge will usher in a new era for the world’s leading smart contract platform and for the broader crypto space. After this event, nothing will be the same—not even ETH tokenomics. Yes, you read that right. The Merge is going to change how ETH tokens are issued as well as their economics. This is where you find out all about it and learn how it’s going to impact the token and therefore its price. How ETH works pre-Merge Pre-Merge, ETH tokens are being issued through an Execution Layer and a Consensus Layer. 1. Execution Layer The Execution Layer is a Proof-of-Work layer. Miners who successfully add the next block to the blockchain are given a reward—approximately 2. 08 ETH for every block mined. On the rare occasion when two or more miners find a valid block at the same time, or even if a competing miner has simply started to add a block to the blockchain, the miners are rewarded but with a lower fee. In the case of such blocks, the valid but stale block can be added to the non-canonical chain (the shorter of the two chains) as an “ommer” block, and the miner receives a partial block reward—a maximum of 1. 75 ETH. Close to 13,000 ETH tokens are given out as rewards for such blocks every day, in addition to the... --- ### Fed Chair calls for stablecoin legislation > Fed chair Jerome Powell called for stablecoin legislation in an interview with Cato President Peter Goettler on Thursday. Read more - Published: 2022-09-09 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/fed-chair-calls-for-stablecoin-legislation/ - Categories: Crypto, News-old - Tags: crypto, news Fed chair Jerome Powell called for stablecoin legislation in an interview with Cato President Peter Goettler on Thursday. During the interview organized by the libertarian think tank Cato Institute, Powell said that payment stablecoins lacking a regulatory framework pose a serious concern if they are to play a role in the existing financial system. The Fed chair added that transforming money into yet another consumer product doesn’t make sense. In his view, if it is meant to be used as a form of money, it should be subject to regulation. He clarified that the call for regulation isn’t a stand against any appropriate innovations of this variety. Instead, regulation should help stablecoins provide clarity and transparency to customers as they act as reserves of high-quality liquid assets, he said. A stablecoin bill has been long awaited now. Earlier attempts to push a bill on stablecoins haven’t been successful due to speculation about the future of the collateral-backed crypto assets. One such unsuccessful attempt to release a draft text of stablecoin legislation was made in July 2022. During the interview, Powell also spilled beans on the possibility of a Central Bank Digital Currency (CBDC) for the US. For a digital dollar to see the light of day, both the executive branch and Congress would need to support the idea—ideally in the form of a law, he said. --- ### BNB Chain boards the Zero-Knowledge Proof bandwagon > The smart contract leg of the Binance ecosystem, BNB chain, is going to have its own Zero-Knowledge Proof technology called zkBNB. Read more - Published: 2022-09-09 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/bnb-chain-announces-zero-knowledge-proofs/ - Categories: Crypto, News-old - Tags: crypto, news The smart contract leg of the Binance ecosystem, BNB chain, also known as Binance Smart Chain, is going to have its own Zero-Knowledge Proof technology called zkBNB starting in 2023, a release note from the company reveals. The technology is a scaling solution, which means it will help the network scale up and improve user experience. The Twitter thread below is part of BNB Chain’s official announcement: https://twitter. com/BNBCHAIN/status/1567561514881515520 Ethereum, one of the largest blockchain ecosystems, is already dependent on scaling solutions like Polygon and Loopring. These chains are already implementing the same ZKrollup technology. With the decision to include the improved scaling tech, BNB Chain joins the race toward dominance in the space. The evolution of zkBNB Much like any scaling-specific warmup, the zkBNB test net took form on 2 September 2022. Since then, developers have been flocking to BNB to get help with application prototype building and interacting with the existing code. While BNB is aiming for a 2023 launch, the mainnet is expected to go live by the end of 2022. What does the zkBNB have in store for its users? With zkBNB, the BNB Chain is hoping to weed out transaction delays. The aim is to achieve faster transaction finality—all while keeping the focus on unmatched security. It will open the pathway for 5K–10K transactions per second, according to the BNB Chain’s release statement. Further, zkBNB will help developers and builders create innovative GameFi, DeFi, and NFT projects (see the Twitter thread above). Other improvements to... --- ### Crypto market update: 9 September 2022 > The broader crypto market held surprisingly steady over the past 24 hours, despite Fed Chair Jerome Powell’s comments during the day. - Published: 2022-09-09 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/market-update-september-9-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The broader crypto market held surprisingly steady over the past 24 hours, despite Fed Chair Jerome Powell’s comments during the day, as part of a Cato Institute interview. During the interview, Powell hinted that there may again be aggressive rate hikes to check inflation. Powell’s remarks may have been balanced out by data showing a significant addition to jobs in the US. Another factor could be the optimism garnered on account of the upcoming Ethereum Merge and Cardano’s Vasil fork. The overall crypto space is up by 2. 12% as of 9 September 2022. Significant developments Here are some of the key developments to surface this Friday morning: Europe is witnessing its biggest hike in interest rates, which have risen to 75 bps. The global crypto space is valued at $985. 78 billion, as of 9 September. Bitcoin’s market dominance keeps falling but is currently steady at 37. 63%. CRE8—the onshore crypto rupee index—is up by 0. 81% over the past 24 hours. The crypto market has failed to keep its pre-merge gains from 6 September 2022. However, most cryptos are seeing steady price action and that may be cause for some optimism. Key coins Bitcoin (BTC) and Ether (ETH) showed minor gains in the last 24 hours, up by 0. 81% and 0. 78%, respectively. Solana (SOL) was the outperforming crypto on the top 10 list, with a 4. 89% uptick to its name at the time of writing. Following Solana was Polkadot (DOT), the Layer-0 blockchain network. DOT... --- ### Franklin Templeton launches metaverse ETF > The ETF, named Franklin Metaverse UCITS ETF, will track the Solactive Global Metaverse Innovation Index. - Published: 2022-09-08 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/franklin-templeton-launches-metaverse-etf/ - Categories: Crypto, News-old - Tags: crypto, news Global investment firm Franklin Templeton, which has over $1. 4 trillion in assets under management, has announced the launch of a metaverse ETF for European investors. The ETF, named Franklin Metaverse UCITS ETF, will track the Solactive Global Metaverse Innovation Index. The index includes companies that have exposure to the metaverse industry, including blockchain applications and segments. Some of the segments covered are Metaverse Technology, Platforms, Devices, Blockchain Technology, Digital Asset Platforms, Interchange Standards, and Data Processing. The ETF will be listed on Deutsche Börse Xetra (XETRA) on 7 September and will be listed on Borsa Italiana and the London Stock Exchange (LSE) on 9 September. The ETF is registered in the UK, Germany, Austria, Denmark, Finland, France, Italy, Ireland, Spain, and Sweden. With the launch, Franklin Templeton joins the growing list of asset management companies that have introduced funds in the metaverse and blockchain segment. Last month, BlackRock, the world’s largest asset manager, launched an institutional-grade crypto product that allows clients to invest in spot bitcoin. Moreover, Schwab Asset Management, Charles Schwab’s asset management division, launched its first crypto-related trading product Schwab Crypto Thematic ETF, which is listed on the New York Stock Exchange. FAQs Is there any ETF for Metaverse? Yes, there is an ETF for the Metaverse called Franklin Metaverse UCITS ETF. Does Franklin Templeton have ETFs? Yes, Franklin Templeton offers a range of ETFs, including the Franklin Metaverse UCITS ETF. Is Metv etf a good investment? The suitability of the Franklin Metaverse UCITS ETF as an... --- ### Users snap up ENS domain names ahead of merge > the weekly trading volume of ENS domain names has surpassed 3,210 ETH, ahead of RTFKT Clone X’s trading volume at 2,034 ETH and Bored Ape Yacht Club’s at 1,210 ETH. - Published: 2022-09-08 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/users-snap-up-ens-domain-names-ahead-of-merge/ - Categories: Crypto, News-old - Tags: crypto, news It appears anything that has something to do with Ethereum commands a premium these days. Ahead of the merge, ENS domain names are selling like hotcakes on the world’s largest NFT marketplace OpenSea. Over the last seven days, the weekly trading volume of ENS domain names has surpassed 3,210 ETH, ahead of RTFKT Clone X’s trading volume at 2,034 ETH and Bored Ape Yacht Club’s at 1,210 ETH. In the last seven days, over 12,000 ENS domain names have changed hands and there are no signs of a slowdown. Ethereum Name Service (ENS) domains are secure domain names for the decentralized world that enable human-readable names to blockchain and non-blockchain resources like ETH wallet addresses. Currently, there are over 2. 1 million ENS domain names available for exchange on OpenSea and the floor price is less than 0. 01ETH, equivalent to less than $16. Despite the low floor price, the average selling price of ENS domain names on OpenSea is 0. 3207 ETH, or $533. 71. In recent months, ENS has witnessed a huge demand for ENS domain names, recording the highest-ever revenue growth for three months in a row. In August, 2. 17 million ENS domain names were created, which added 2,744 ETH, or about $4. 3 million in revenue. It also accounted for more than 99% of the domain sales volume on OpenSea. The huge spike in the ENS domain creation and trading comes a week before the merge, which has attracted increased investor attention. Experts expect the... --- ### NBA to launch NFT fantasy basketball game > The National Basketball Association (NBA) and NBA Players Association have struck a deal with Sorare, a French startup, to launch the league’s first NFT-based fantasy basketball game. - Published: 2022-09-08 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/nba-to-launch-nft-fantasy-basketball-game/ - Categories: Crypto, News-old - Tags: crypto, news The National Basketball Association (NBA) and NBA Players Association have struck a deal with Sorare, a French startup, to launch the league’s first NFT-based fantasy basketball game. The multi-year partnership deal between North America’s professional basketball league and Sorare will officially launch the NFT-based fantasy basketball game around the league’s regular opener on 18 October. The game will be called Sorare: NBA. Sorare is a fantasy sport and NFT trading platform valued at $4. 3 billion, which has alliances with other major sports leagues like Major League Soccer and Major League Baseball. The platform has over two million registered users, but most of its players are based in Europe and Asia. Sorare expects to expand its presence in the United States by forming alliances with major baseball and basketball leagues in the country. Like other games, the NBA’s NFT-based fantasy basketball game will allow players to buy and sell digital cards representing basketball players. Users can then line up their players and earn points based on their real-life performances. The Sorare: NBA game will be free-to-play and accessible to those above the age of 18. Participants will create their team based on their NFT card collection and earn points based on players’ real-life performance in NBA games. However, this is not the NBA’s first tryst with fantasy sports or NFT-related games. In 2019, the NBA partnered with Dapper Labs to launch NBA Top Shot, an NFT marketplace. In 2021, the platform recorded total sales of $221 million, with an average... --- ### A year on, El Salvador is going steady with Bitcoin > It has been a year since El Salvador adopted Bitcoin as legal tender, the first country in the world to do so. - Published: 2022-09-08 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/a-year-on-el-salvador-going-steady-with-bitcoin/ - Categories: Crypto, News-old - Tags: crypto, news It has been a year since El Salvador adopted Bitcoin as legal tender, the first country in the world to do so. The central American country’s move was intended to reduce its dependence on USD for domestic transactions, attract foreign investments, and bring down the cost of foreign exchange settlement. A year on since the announcement on 7 September, 2021, there have been many hits and misses as Bitcoin’s value has dropped by over 60% during the period. On the day it was made legal tender, Bitcoin was trading at $46,000 and the government also made its first bitcoin purchase, purchasing 200 BTC for $10. 36 million at an average price of $51,800. The government further added bitcoin to its reserves on 10 different occasions and currently holds a total of 2,381 BTC. However, despite the fall in the price of Bitcoin and other cryptos, El Salvador’s President Nayib Bukele stays committed to the long-term plan and has defended doubling down on Bitcoin purchases. The president claims that the move has attracted foreign investments and tourism, reduced bank commissions to zero, and promoted financial inclusion. For perspective, El Salvador has witnessed 82% growth in tourism in the first half of 2022, with close to 1. 1 million tourists vising the country. El Salvadorians living abroad have remitted more than $50 million from January to May 2022, according to the country’s central bank. What’s more, the adoption of Bitcoin has led to a 400% increase in the Lightining Network transactions in... --- ### Algorand ups its game with a major protocol upgrade > lgorand, a proof-of-stake, Layer 1 blockchain network, announced a major upgrade to its protocol that features state proofs to enable trustless cross-chain communication and increase the speed of the blockchain from 1,200 to 6,000 TPS. - Published: 2022-09-08 - Modified: 2024-03-27 - URL: https://coinswitch.co/switch/crypto/algorand-ups-its-game-with-a-major-protocol-upgrade/ - Categories: Crypto, News-old - Tags: crypto, news It looks like a season of blockchain protocol upgrades in the crypto market. Algorand, a proof-of-stake, Layer 1 blockchain network, announced a major upgrade to its protocol that features state proofs to enable trustless cross-chain communication and increase the speed of the blockchain from 1,200 to 6,000 TPS. TPS refers to transactions per second and indicates the scalability of the blockchain at which it can process transactions. The upgrade comes with new tools to streamline development and introduces on-chain randomness capabilities for dApps, which will strengthen Algorand’s position in the market as a leading Layer-1 blockchain for Web3 applications. Algorand’s state proofs are an interoperability standard that securely connects different blockchains without intermediaries or blockchain oracles. It will help developers to reduce their dependence on centralized cross-chain bridges and validators to handle their assets. Also, Algorand’s state proofs are simple, quantum-secure, and provide a trustless interface that any proof-of-stake platform can use without any cost escalation. "With today's release, Algorand proves once again that decentralization does not need to come at the cost of performance or security," said Silvio Micali, founder of Algorand. "Interoperability between blockchains is the future, and Algorand State Proofs are a critical security feature for communication between networks. We are extremely proud of this innovation and believe it will push the entire blockchain landscape forward," Micali added. Its token ALGO is currently trading up 4. 75% at $0. 2982. FAQs What are the features of Algorand? Algorand features include pure proof-of-stake, fast transactions, low fees, scalability,... --- ### Crypto market update: 8 September 2022 > The crypto market had a roller coaster ride in Wednesday’s session, starting the day on a dull note with Bitcoin trading below the $19,000 level for the first time in three months. - Published: 2022-09-08 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/market-update-september-8-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The crypto market had a roller coaster ride in Wednesday’s session, starting the day on a dull note with Bitcoin trading below the $19,000 level for the first time in three months. However, as the day wore on, the market recovered, supported by falling bond yield and a breakout in the tech-heavy Nasdaq, which closed the day up 2. 14%. However, this is more likely a short-term spurt in the market as global market conditions remain uncertain amid the impending energy crisis caused by the standoff between Russia and the West. Despite the rebound in the crypto market, the Fear & Greed Index slid further by four points in yesterday’s session and is currently at the 20/100 level, signaling extreme fear among investors. The total market capitalization of crypto stands at $975 billion, while the ETH dominance level has increased by 20. 4%. Key coins After the initial sell-off, Bitcoin recovered but is now facing strong resistance at the $19,200 level. Weak investor sentiment and uncertain global macroeconomic conditions are pulling the market down. To reverse the bearish trend in the short term, the world’s largest cryptocurrency by market capitalization needs to break above the 50 *EMA slope, which has turned extremely resistive. *EMA: Exponential Moving Average Thanks to the ongoing merge process, Ethereum is witnessing huge price action, gaining almost 8. 11% in the last 24 hours. ETH reversed the trend quickly after the initial sell-off and is now above the resistive $1,620 level. Keep a close eye on... --- ### The crypto market is maturing: KPMG report > The crypto and blockchain sector continues to show signs of maturity according to KPMG’s Pulse of Fintech H1’22 report released in September. - Published: 2022-09-07 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/the-crypto-market-is-maturing-kpmg-report/ - Categories: Crypto, News-old - Tags: crypto, news The crypto and blockchain sector continues to show signs of maturity and is managing to attract investment, despite global and ecosystem challenges, according to KPMG’s Pulse of Fintech H1’22 report released in September. Despite a drop from $32. 1 billion in 2021 to $14. 2 billion in 2022, the average mid-year investment level remains significantly higher compared to all years before 2021. However, the well-known multinational professional services network’s France Director of Blockchain and Crypto Assets, Alexandre Stachtchenko, warned startups in the industry that only the strongest will survive. The report, with its crypto-related optimism, comes at a time when the industry is still in the midst of a bearish market. Following TerraUSD, several other stablecoins also lost their dollar peg. In addition, many crypto-based companies filed for bankruptcy. While the world’s largest crypto, Bitcoin, shed over 50% of its all-time high in November 2021. The KPMG report also discusses crypto regulation in different parts of the world. The report argues that El Salvador and the Central African Republic’s adoption of Bitcoin as legal tender has spurred interest in crypto applications among developing nations. The report also states that the EU will adopt new regulations for the crypto industry by the end of 2022. On the other hand, regulators in other jurisdictions, like China, are more interested in fostering competition, evolution, and growth in crypto markets while protecting consumers, according to the report. FAQs How do I report crypto on financial statements? 1. Asset Disclosure: Include cryptocurrency holdings in the... --- ### 2022 already has more trademark applications for crypto assets than last year > The number of US trademarks filed for cryptocurrencies, NFTs, Web 3.0, and the metaverse this year has surpassed those filed in 2021. - Published: 2022-09-07 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/2022-already-has-more-trademark-applications-for-crypto-assets-than-last-year/ - Categories: Crypto, News-old - Tags: crypto, news The number of US trademarks filed for cryptocurrencies, Non-Fungible Tokens (NFTs), Web 3. 0, and the metaverse this year has surpassed those filed in 2021, according to data compiled by well-known intellectual property lawyer Mike Kondoudis. The jump in numbers is particularly surprising because there are four more months to go before 2022 comes to a close. The number of NFT applications with the United States Patent and Trademark Office (USPTO) is very high, with 5,800 being filed in 2022, according to Kondoudis’ estimate. Last year, the NFT-related filings were at 2,087. Metaverse or Web 3. 0-related trademarks have also doubled from 1,866 in 2021, touching 4,150 as of August 2022. More than 3,600 trademark applications for cryptocurrencies and crypto-related services have been filed. As the crypto industry continues to become more mainstream, with big brands, tech giants, and famous personalities entering the industry, trademark protection is becoming necessary and common. The month of March, in particular, saw the largest number of filings across categories. There were 1,078 NFT-related filings, 604 filings connected to crypto, and 759 metaverse-linked filings. July and August reported the lowest number of applications. The surge in trademark filing in March can be attributed to Meta CEO Mark Zuckerberg announcing the company’s NFT integration on Instagram in March. Several luxury brands have already filed trademarks to protect their brand names in the metaverse. Meta, Formula One, McDonald’s, Gatorade, Mastercard, and the US Space Force are among those that did. In addition, celebrities like Shaq, Jay-Z, and... --- ### HRF donates $325,000 for Bitcoin ecosystem development > Human Rights Foundation (HRF) has announced a new round of donations, for the development of the Bitcoin ecosystem. - Published: 2022-09-07 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/hrf-donates-325000-for-btc-ecosystem-development/ - Categories: Crypto, News-old - Tags: crypto, news Human Rights Foundation (HRF) has announced a new round of donations, amounting to $325,000 in BTC, for the development of the Bitcoin ecosystem. The funds will be used for censorship resistance, core development, open-source self-custody, chaumian e-cash, and global education. The announcement was made via the NGO’s official blog, on 6 September. The $325,000 donation is not their first when it comes to supporting the world’s first crypto. Over the past two years, HRF has donated over $1. 5 million in BTC and USD to its Bitcoin Development Fund to promote Bitcoin development worldwide. The NGO will be announcing its next round of donations in January 2023. The donated BTC will go to eight Bitcoin projects by individual developers and NGOs. In the individual category, developers Josh Kitman and Jon Atak will be receiving $50,000 each. Kitman is working on Fedimint, a Chaumian e-cash solution for Bitcoin. Atak’s work focuses on improving Bitcoin. Keith Mukai, who works on Seed Signer, an offline, air-gapped Bitcoin hardware wallet, will receive $25,000. Another grant of the same amount goes to Leigh Cuen for her work in developing a Bitcoin donation guide for non-profits. BTCPay Server, an open-source bitcoin payments processor, will receive $100,000. Other organizations receiving the funds include Robosats, an open-source peer-to-peer (P2P) Lightning exchange, and Novaya Gazeta, an independent Russian news outlet. Both NGOs receive $25,000 to extend their projects. Lastly, another $25,000 goes to Vinteum Initiative, a non-profit Bitcoin research, and development center. FAQs What charity takes Bitcoin? Charities such... --- ### Argentinian freemasons to release NFT collection for charity > Argentina-based freemasons are releasing an NFT collection, dubbed CryptoMasons. The collection comprises 77 digital art works by 7 artist. - Published: 2022-09-07 - Modified: 2024-01-29 - URL: https://coinswitch.co/switch/crypto/argentinian-freemasons-to-release-nft-collection-for-charity/ - Categories: Crypto, News-old - Tags: crypto, news Argentina-based Freemasons are releasing an NFT collection, dubbed CryptoMasons, according to a Twitter announcement. The collection, comprising 77 digital artworks, will be the first official NFT project supported by a local Grand Lodge. The governing entity of the fraternal freemasons group in Argentina, the Argentine Grand Lodge of Free and Accepted Masons, is behind the launch. Freemasonry is the world’s largest secret society devoted to fellowship, moral discipline, and mutual assistance. The proceeds from the NFT sale will go to local charities supported by the chapter, including a local orphanage, a professional development center for youth, and an immigration rights center in Argentina. While the move is a huge step towards crypto utility and adoption, this is not the first time NFT and Web 3. 0 are being used for philanthropy. Earlier this year, for instance, the world witnessed the crypto community donating millions in crypto to support Ukraine through the ongoing conflict. The pro-crypto stance is not new to Argentina either. The country’s Mendoza province began accepting crypto for taxes and administrative fees just a couple of weeks ago. And a whopping 5. 18% of Argentina’s population own some crypto or the other, according to survey data from payment gateway Triple-A. What’s more, Binance and Mastercard have even launched prepaid crypto cards in Argentina. Source: CryptoMasons CryptoMasons, the collection of 77 NFTs, was created by a group of 7 graphic artists. The collection contains symbols of Freemasonry, such as a compass, a square, and black and white checkered floors.... --- ### Mining firm Hut 8 has 8,000+ BTC holdings > Despite the crypto market depression, the Bitcoin (BTC) holdings of Hut 8, a Canadian mining firm, have reportedly crossed the 8,000 mark. - Published: 2022-09-07 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/mining-firm-hut-8-has-holdings-over-8000-btc/ - Categories: Crypto, News-old - Tags: crypto, news Despite the crypto market depression, the Bitcoin (BTC) holdings of Hut 8, a Canadian mining firm, have reportedly crossed the 8,000 mark. A rise in self-mined holdings in August brought the crypto-mining pioneer’s current holdings to 8,111 BTC, according to the company’s latest mining report. There were 375 new additions, which were mined at 12. 1 BTC per day. The firm’s latest acquisition comes at a time when Bitcoin is struggling to regain the $20,000 resistance level. With the larger crypto market experiencing bearish sentiments, several other mining rigs, such as Texas miner Core Scientific and Argo Blockchain, have had to sell their BTC holdings. The firm also announced the addition of 180 Nvidia GPUs at its primary data center in Kelowna, Canada. The machine is currently used to mine Ether (ETH), but after the Merge, it will be used to provide artificial intelligence, machine learning, or VFX rendering services. Hut 8 has been attempting to increase its mining capacity for some time now. Last October, Hut 8 acquired Chinese ASIC MicroBT miners. A total of 12,000 new MicroBT M30S, M30S+, and M30S++ miners were purchased for $58. 7 million. Hut8 also recently partnered with Zenlayer, a distributed edge cloud service provider, to provide high-level computing solutions to Canadian Web 3. 0 and blockchain customers for the first time. FAQs How much bitcoin does Hut 8 have? Hut 8 Mining owns 9,116 Bitcoin as of October 31, 2024, reflecting their substantial holdings in the crypto. What is the revenue of... --- ### Crypto market update: 7 September 2022 > The upcoming Merge and Vasil hard fork could not prevent the crypto market from turning red at the end of yesterday’s session. - Published: 2022-09-07 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-7-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The upcoming Merge and Vasil hard fork could not prevent the crypto market from turning red at the end of yesterday’s session. The total crypto market cap ended the day at $913. 7 billion after shedding $49. 4 billion. Top crypto coins underperformed, with Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) leading the way down. BTC ended the day at $18,794, dropping below the $19,000 level for the first time since 18 June. Meanwhile, with the Merge inching closer, ETH failed to meet expectations of strong price action and ended the day at $1,582—also in the red. However, the biggest loser yesterday was ADA, which ended the day at $0. 46. All three coins experienced bearish sentiments during the US session in particular. The Fear and Greed Index Despite Bitcoin trading below $19,000, the Fear and Greed Index touched 24/100, rising by 2%. However, the Index remains within the Extreme Fear zone, leaving Bitcoin’s current year low of $17,605 in play. It is crucial that the Index remain above 20/100, because a drop below that level could mean a fall to $18,000 for BTC. The Index needs to touch 40/100 for the crypto giant to return to $25,000. Top gainers and losers The top gainers at the moment, according to live data from CoinSwitch, is Kyber Network (KNC), which is up by 2. 97%. Coming in next are Tether (USDT) and USD Coin (USDC), up by 0. 05% and 0. 04%, respectively. Meanwhile, the biggest loser at publishing time is... --- ### Australia sets up new police unit to tackle crypto crime > Australian Federal Police (AFP) on Monday said that it has set up a new cryptocurrency division within the country’s police force. - Published: 2022-09-06 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/australia-sets-up-new-police-unit-to-tackle-crypto-crime/ - Categories: Crypto, News-old - Tags: crypto, news In a bid to control financial crimes related to crypto, the Australian Federal Police (AFP) on Monday said that it has set up a new cryptocurrency division within the country’s police force. The primary task of the unit will be to monitor crypto transactions and focus on money laundering through cryptos. The constitution of the new unit is in line with the FBI’s launch of a cryptocurrency unit called the Virtual Asset Exploitation Unit. Stefan Jerga, the national manager of the AFP’s criminal asset confiscation command, said that the use of cryptos in crime has increased significantly since its first seizure of crypto assets way back in 2018. The police department decided to set up a specialized unit in response to the spurt in crime rate. Australia has witnessed a spike in crypto-related financial crimes in recent years and the police force has already seized assets worth over $600 million in illicit proceeds that were routed through cryptos. The new police unit will also work to improve cryptocurrency expertise in the force. In the article which was published in the Australian Financial Review, Jerga said, “It’s targeting assets, but it’s also providing that valuable, investigative tracing capability and lens for all of our commands across all of our businesses, whether they are national security-related, child protection, cyber — the ability to trace cryptocurrency transactions across the relevant blockchains is important. ” FAQs Who investigates cryptocurrency crimes? Cryptocurrency crimes are investigated by various entities, including law enforcement agencies, financial regulators, and... --- ### Bank of Russia warms up to cross-border payments in crypto > Russia’s central bank is contemplating legalizing the use of cryptos for settling cross-border payments. - Published: 2022-09-06 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/bank-of-russia-warms-up-to-cross-border-payments-in-crypto/ - Categories: Crypto, News-old - Tags: crypto, news In a marked departure from its rigid approach toward cryptos, Russia’s central bank is contemplating legalizing the use of cryptos for settling cross-border payments. On Monday, Deputy Finance Minister Alexei Moiseev said that the Bank of Russia along with finance ministry is seriously thinking of giving the go-ahead for settling cross-border payments in cryptos. Amid the volatile geopolitical situation stemming from its war on Ukraine and restricted access to global banking channels, Russia is relying on cryptos to shore up its economy and trade ties. Last week, Russian Prime Minister Mikhail Mishustin said that cryptos are safe alternatives for cross-border payments. Mr. Moiseev also outlined the need to develop local crypto services in Russia, as most Russians are dependent on using foreign platforms for meeting crypto requirements. “It is necessary to do this in Russia, involving entities supervised by the central bank, which are obliged to comply with anti-money laundering and know-your-customer requirements,” the deputy finance minister said. If the proposal materializes, Russia will be the second country after Iran to legalize the use of cryptos for cross-border payment settlements. Last week, Iran passed a bill to legalize the use of cryptos for imports in place of USD and Euro. Meanwhile, Bank of Russia Governor Elvira Nabiullina has stated that there is no harm in using crypto for cross-border payments so long as it is separated from the country’s domestic financial system. Historically, Russian lawmakers have opposed the use of cryptos as a payment method. In 2020, the country passed... --- ### Binance to end support for USDC, USDP, and TUSD > Binance announcing that it will convert users’ USDC, USDP, and TUSD holdings into its own stablecoin BUSD, beginning 29 September. - Published: 2022-09-06 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/binance-to-end-support-for-usdc-usdp-and-tusd/ - Categories: Crypto, News-old - Tags: crypto, news The stablecoin market is heating up again, with Binance announcing that it will convert users’ USDC, USDP, and TUSD holdings into its own stablecoin BUSD, beginning 29 September. The move is intended to increase liquidity and capital efficiency for users, while the tokens in question transferred by users will automatically be converted to BUSD tokens, according to the release. However, the decision has left crypto enthusiasts confused. They doubt if the move was required and fear that this will affect user autonomy over their holdings. But this will not affect users’ choice of withdrawal: Users will still be able to withdraw funds in USDC, USDP, and TUSD at a 1:1 ratio to their BUSD-denominated account balance, the blog post said. BUSD is the third largest stablecoin with a total market cap of $19 billion, after USDT and USDC. USDP and TUSD are much smaller stablecoins with a market cap of nearly $1 billion each. Three days after ending support, the platform will also disable crypto pairs related to USDC, USDP, and TUSD. In August, the on-chain metrics showed a 33% increase in stablecoin volumes to $866 billion, compared to $655 billion recorded in the previous month. Also, Curve Finance announced the launch of its own dollar-pegged stablecoin crvUSD in September, which will be an over-collateralized stablecoin, a type of stablecoin backed by excess collateral. FAQs Did Binance stop supporting USDC? Binance has not stopped supporting USDC. Will Binance remove USDC? There are no current plans for Binance to remove USDC.... --- ### Countdown: 73% of Ethereum nodes are merge-ready - Published: 2022-09-06 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/73-of-ethereum-nodes-are-merge-ready/ - Categories: Crypto, News-old - Tags: crypto, news As the countdown for the Ethereum merge kicks off today with the Bellatrix upgrade, close to 73% of the Ethereum nodes have marked themselves as merge-ready, according to the data from ethernodes. org. The much-anticipated systems overhaul would mark the crypto platform’s transition to a proof-of-stake protocol and would also make it more energy efficient. For perspective, clients operating the Ether nodes must comply with the Bellatrix upgrade that will allow nodes to add transactions on the Beacon Chain. The Bellatrix upgrade will happen on 6 September at 11:34:47 a. m. UTC. Those nodes that don't comply before the Bellatrix upgrade will get stuck on the incompatible chain and will not be able to send ETH or verify transactions on the new chain post-merge. Currently, close to 27% of the nodes have not marked them merge-ready and most of them are from Geth, short for Go Ethereum, the software code in the Go language. Nodes are required to run software that can verify transactions add them to blocks and keep the network going. About 70% of all nodes use cloud computing services such as AWS, Hetzner, OVH SAS, and Google Cloud, according to data from ethernodes. org. The Bellatrix upgrade will be followed by the Paris upgrade, the last part of the merge. The Paris upgrade is scheduled to take place on 15 September at 7:11 a. m. UTC when the targeted Total Terminal difficulty (TTD) level will be reached and mining will become unfeasible. And the proof-of-stake Beacon Chain... --- ### LG brings NFTs to a small screen near you > LG is bringing the NFT experience out from mobile and computer devices direct to your TV. The company has announced the launch of a new NFT marketplace, dubbed “LG Art Labs” - Published: 2022-09-06 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/lg-brings-nfts-to-a-small-screen-near-you/ - Categories: Crypto, News-old - Tags: crypto, news Your NFT experience just got an upgrade. South Korean electronics major LG is bringing the NFT experience out from mobile and computer devices directly to your TV. The company has announced the launch of a new NFT marketplace, dubbed “LG Art Labs” that will allow users to buy, sell, and trade NFTs directly from their LG smart TVs. Initially, the feature will only be available to LG television owners in the US who use the WebOS 5. 0 smart TV platform. What’s more, the marketplace will be directly accessible from the home screen. “LG Art Lab is designed to allow millions of users in the US to easily access and display NFTs, without having to interact with code or directly with a blockchain themselves,” Chris Jo, senior vice president and head of platform business, told TechCrunch in an interview. All the transactions on LG’s NFT marketplace will be handled via Wallypto, LG’s in-app crypto wallet designed for LG smartphones, which was developed by Hedera Network last September. The marketplace offers a Drops feature that profiles artists and displays previews of their artworks. It would also give notifications to help users acquire airdropped NFTs, ensuring that users don’t miss out on such opportunities. Lower transaction costs are also a big draw as Hedera will allow users to transact NFTs for less than 0. 0001 cents per transaction, unlike other NFT marketplaces on public blockchains that charge high gas fees. On another note, Samsung is also devising a new NFT marketplace for... --- ### Crypto market update: 6 September 2022 > With no major positive triggers, the total market cap of the crypto market continues to stay below the psychologically important $1 trillion level. - Published: 2022-09-06 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/market-update-september-6-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The crypto market was largely unmoved even as traditional exchanges in the US were closed for the Labor Day holiday. The price of top crypto coins remained steady as they held on to their key support levels. But we can see strong price action around ETH with increased trading volume. As the merge process kicks off today, all eyes will be on Ethereum and how things pan out. With no major positive triggers, the total market cap of the crypto market continues to stay below the psychologically important $1 trillion level. Weakness in the broader equity markets in Europe and the US amid rising energy prices and inflation also weighed on the crypto market. Meanwhile, the tech-heavy Nasdaq, which is closely tracked by crypto enthusiasts, remains lackluster as the Federal Reserve plans to increase interest rates further to temper inflation. The Crypto Fear & Greed Index, which measures market sentiment, continues to be in the extreme fear zone at the 22/100 level. Key coins Bitcoin continues to struggle to break above the $20K level and has turned extremely resistant. The strength in the dollar index is leading to the underperformance of top asset classes around the world. Below $20K, $19,500 is a strong support zone and if it breaks below, we might see BTC at the sub-$19,000 level. Keep a close watch on how BTC is performing around the key support and resistance levels. As the merge process begins today with the Bellatrix upgrade, all eyes will be on Ethereum... --- ### What is risk management, and how to use it effectively > This risk management guide will help you understand & manage risks when it comes to investments. Moreover, it'll help you make data-driven decisions while investing - Published: 2022-09-06 - Modified: 2024-01-08 - URL: https://coinswitch.co/switch/personal-finance/what-is-risk-management/ - Categories: Personal Finance - Tags: risk, wealth management There is wealth, and then there is market risk. We crave one and try to avoid the other. But, in many cases, wealth and risk are interconnected. There is no getting to the former without being able to manage the latter.  To help you build your wealth, we present this starter kit on risk management. It should help you find ways to deal with investment-related uncertainties better. What is risk management and risk management process? Risk management, as the name suggests, refers to how investors identify, analyze, accept, and eventually mitigate risks. It isn’t about individuals alone. Even huge financial institutions like banks initiate credit checks to issue a loan or credit card and have well-defined risk management strategies. And the process of managing this risk using different strategies and tactics is risk management. What are the different types of risks that need to be managed? Every aspect of financial decision-making comes with its share of risks. So whether it is investing in a high beta asset (equities or crypto) or getting hold of relatively safe treasury bonds, it is important to look for strategies that could help you analyze and mitigate the risks involved. Your financial goals should help you identify the type of risks involved in a project and the corresponding management strategies that are best suited for you. But first, you will need to understand what financial risks are and learn how to identify the different types. Some such risks that require management are: Volatility risk: Your... --- ### Polkadot and Tezos are now the most energy-efficient PoS chains > Blockchain networks Polkadot and Tezos have surpassed other Proof-of-Stake (PoS) blockchains when it comes to energy efficiency. read more - Published: 2022-09-05 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/polkadot-and-tezos-are-energy-efficient-pos-chains/ - Categories: Crypto, News-old - Tags: crypto, news Blockchain networks Polkadot and Tezos have surpassed other Proof-of-Stake (PoS) blockchains when it comes to energy efficiency, according to a Messari report summarized by a well-known Polkadot-focussed analytics platform, Polkadot Insider The Twitter handle Polkadot Insider revealed that Polkadot and Tezos consume a paltry 0. 1Gwh (Gigawatt hours) each in terms of annual net consumption. https://twitter. com/PolkadotInsider/status/1565746382861832194 The world’s second-largest crypto, by market cap, Ethereum, is adopting the Proof-of-Stake (PoS) mechanism to verify transactions this September. One of the key reasons for the transition to PoS is its supposed energy efficiency. The findings of this new report show that even with Ethereum entering the PoS space, Polkadot is likely to continue to dominate the energy-efficiency game. Polkadot is ranked 10 in terms of market cap. Also, it is one of the few cryptos to register almost 8. 30% gains over the past seven days. Despite this, it has also shown depleting trading volumes (see chart below for details). Source: Santiment With Polkadot (DOT) continuing to emerge as one of the greenest PoS chains around, we might see far greater adoption. Tezos, too, keeps building on its credibility in the PoS space. A 2021 report by CCRI, for instance, says that Tezos is one of the greenest Layer-1 blockchains. However, it lags behind Polkadot when it comes to overall network scalability. Following Polkadot and Tezos in the list of “green” PoS cryptos are Algorand, Cardano, Avalanche, and Solana. FAQs Is Polkadot energy-efficient? Yes, Polkadot is recognized for its energy efficiency. Several... --- ### Ethereum Classic receives mining pool support ahead of Merge > BTC.com—a leading mining pool and a blockchain explorer—has added support for the Ethereum Classic network days before the Merge. Learn more - Published: 2022-09-05 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/ethereum-classic-receives-mining-pool-support/ - Categories: Crypto, News-old - Tags: crypto, news BTC. com a leading mining pool and a blockchain explorer has added support for the Ethereum Classic network days before the Merge. As the Ethereum network transitions from Proof-of-Work to Proof-of-Stake, miners associated with BTC. com will be able to move their resources and activities to the Ethereum Classic chain. Termed ETC Pool, the new mining pool will allow “zero fees” mining for the next three months. Why the support for ETC As Ethereum miners are expected to become obsolete post-merge, BTC. com is trying to do its bit for the mining community. The development, therefore, shows that mining pools are not surrendering. Instead, they are finding ways to keep mining activities alive and rewarding. BTC. com isn’t the only mining pool to take this route. Ethereum’s one-of-the-largest mining pool (Antpool) has even committed funds ($10 million) to support Ethereum Classic. Another top mining pool Ethermine has also shown solidarity with the ETC network instead of the new, speculative forks like ETHPoW. How will this work? Every mining-specific network has a certain hash rate powering the activities. For Ethereum, the hash rate is close to 891. 96 TH/s. Ethereum Classic (ETC) has a current hash rate of 44. 29TH/s. Source: 2miners Miners willing to use the ETC network for mining can connect the ETC hash rate to the ETC Pool, allowing them to use the “zero fees” flexibility till 1 December 2022. FAQs Can you still mine Ethereum after the merge? If the Ethereum 2. 0 upgrade has been fully... --- ### August saw stablecoin transactions surge by almost 33%; USDC in lead > The on-chain transaction volumes of stablecoins surged by 32.9% in August, a new report by The Block reveals. Read more - Published: 2022-09-05 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/stablecoin-transactions-surged-in-august/ - Categories: Crypto, News-old - Tags: crypto, news The on-chain transaction volumes of stablecoins surged by 32. 9% in August, a new report by The Block reveals. July saw transaction volumes to the tune of $655. 2 billion. The on-chain transactions surged to $866. 20 billion in the following month. The increase might indicate increased DeFi activity. It is possible that people swapping their stablecoins (fiat-backed ones) for other assets in the fear of another depeg or DeFi meltdown are causing the rise. People are perhaps moving a lot of their stablecoins across chains, in an attempt to find a safe haven. Source: The Block Is there more to this story? The sanctions list angle The development comes weeks after the US put Tornado Cash, a crypto mixer that allowed users to transact anonymously, on the sanctions list. Soon after, several addresses involving USDC and Ethereum were also put on the sanctions list, causing supply to contract in the process. Tether, the name behind USDT, even blacklisted several Ethereum addresses to comply with the sanctions. Almost $424 million worth of crypto was locked following the sanctions. Source: The Block However, privacy evangelists didn’t like the sound of sanctions and stablecoin issuers adhering to the anti-privacy guidelines. So many of them swapped the likes of USDC and USDT for other assets on-chain. This approach added to August’s transaction volume surge. Which stablecoins were impacted the most, and why? Top stablecoins, like USDC, USDT, and even DAI, that had seen growing transaction volumes were the most impacted. When the stablecoin... --- ### Most NFTs to turn eco-friendly post-merge > Most NFTs will become eco-friendly with the Merge as Ethereum houses the largest Non-Fungible Token (NFT) volume right now. - Published: 2022-09-05 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/most-nfts-to-turn-eco-friendly-post-merge/ - Categories: Crypto, News-old - Tags: crypto, news Most NFTs will become eco-friendly with the Merge as Ethereum houses the largest Non-Fungible Token (NFT) volume right now—over 80%, according to The Block’s analytics. The graph below shows the NFT spread across chains. Ethereum takes the cake followed by Solana. Source: The Block Ethereum is adopting the Proof-of-Stake (PoS) mechanism of verifying transactions in the near future and will become 99. 95% more energy-efficient. As a result of the change, NFT minting, in turn, will also require less energy. Ethereum’s transition will thus positively impact the NFT market. NFTs, however, were also part of the reason for Ethereum’s large carbon footprint. The profile-picture mania in 2021, followed by increased dApp concentration, increased Ethereum’s emissions, which peaked at 11. 65 Megatons in emitted carbon/year in May 2022. Source: Kylemcdonald. github. io What does this mean for NFT adoption? In the past, we have seen several notable NFT projects being scrapped due to their association with Ethereum, which was seen as an energy-guzzling crypto. For example, GSC Game World—a repeated indie game developer based out of Ukraine—had to pull out of an upcoming game because it owned NFT-based gaming assets. The Merge might be the right step toward making NFTs more approachable and acceptable. Ethereum’s transition might usher NFTs into an era of increased adoption, even among environmentalists. Damien Schuster, co-founder at Offsetra, a carbon offsetting firm, says that several companies and firms have been reluctant to use Ethereum due to the anti-environment narrative. He expects the Merge to change that.... --- ### Cardano’s Vasil upgrade now has a “hard” date > Cardano’s much-anticipated Vasil upgrade is going to take place on 22 September 2022. read more to know the details - Published: 2022-09-05 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/cardano-vasil-upgrade-has-a-date/ - Categories: Crypto, News-old - Tags: crypto, news Cardano’s much-anticipated Vasil upgrade is going to take place on 22 September 2022, IOHK’s Twitter handle revealed. IOHK is the technology company behind the Cardano ecosystem. The Vasil upgrade aims to make the Cardano ecosystem more scalable while keeping the transaction costs low. The upgrade has been in the offing for a while now but was being stalled due to system bugs. https://twitter. com/InputOutputHK/status/1565736902204002312 The delays have heightened the excitement about Vasil, so the latest announcement is giving Cardano supporters much to cheer about. The blockchain network’s announcement comes days after the date of another heavily anticipated upgrade—Ethereum’s Merge—was announced. How does Vasil change things for Cardano? In addition to improving the network capacity and lower transaction costs, the upgrade is expected to help developers build better dApps on Cardano, as per IOHK’s tweets. It is supposed to enhance its smart contract capabilities, which were launched in 2021 with the Alonzo hard fork. With nearly 1,000+ projects being developed on Cardano, the Vasil upgrade or hard fork is expected to be a game-changer for the ecosystem. What does the development mean for investors? ADA, Cardano’s native token, has responded positively to this development and is up by over 10% over the past week. September is known for being one of the most volatile months for crypto. The chart below uses historical data to show that September has been a particularly volatile month for crypto, since 2013. (Bitcoin is used as a reference due to its market dominance. ) Some investors... --- ### Crypto market update: 5 September 2022 > Last week blew hot and cold on the crypto market.Bitcoin (BTC) tried its best to cling to the psychological support of $20,000 but failed. - Published: 2022-09-05 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-5-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news Last week blew hot and cold on the crypto market. Bitcoin (BTC) tried its best to cling to the psychological support of $20,000, but, at $19,848 this Monday morning, it has only managed to hold above the $19,511 level. (The $19,511 support level is the record high BTC made in December 2017. ) Ethereum, on the other hand, painted a different picture. The second largest crypto, by market cap, managed to gain more than 9%, week-on-week, validating Merge-related optimism all over again. Zooming out on the global economic scenario, we see the European equity market tumble. The Euro kept losing strength, worsening Europe’s energy crisis, growing inflation, and monetary tightening-related concerns, and that could impact the crypto market, too. Significant developments Despite a bittersweet week and a jaded weekend, here are the major highlights that surfaced today, 5 September 2022. The crypto market is currently holding firm at $981. 71 billion, up by 0. 60% since yesterday. Bitcoin’s market dominance keeps dropping and is currently at 38. 71%. Ethereum’s market dominance has reached 19. 59% ahead of the Merge. The first onshore crypto rupee index (CRE8) gained more than 1% over the past 24 hours and is currently trading at ₹2,753. 07. Key coins Cardano (ADA) is the only crypto to end the week with a double-digit uptick. Buoyed by the “hard date” announcement regarding its upcoming upgrade, ADA registered a 15. 13% upmove over the past seven days. For now, it is looking robust—up by 2. 19% in the... --- ### ETH layer 2 solution gets a speed boost ahead of merge > Arbitrum— Ethereum’s largest scaling solution— got a speed upgrade right ahead of the grand merge, termed Nitro. Read more - Published: 2022-09-02 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/eth-layer-2-solution-gets-a-speed-boost/ - Categories: Crypto, News-old - Tags: crypto, news Arbitrum— Ethereum’s largest scaling solution— got a speed upgrade right ahead of the grand “Merge. ” Termed “Nitro,” this speed upgrade is expected to further lower the transaction costs for Ethereum users/developers. Arbitrum was launched in 2021 as Arbitrum One. Despite the success, One soon ran into transaction fee bumps—often higher than the ones seen on the Ethereum mainnet. The “Nitro” upgrade aims to fix that, bringing down the fee-lowering timeline to days from weeks. Why was it needed? The Ethereum merge is already upon us, and we know it won’t miraculously speed up transactions or lower the gas fees. Layer-2 scaling platforms like Arbitrum will continue to be popular post-merge due to their high speed and affordable transaction costs. With “Nitro,” Arbitrum will be able to settle Ethereum transactions cheaper and faster. The Arbitrum upgrade was pushed on Wednesday (30 August 2022), keeping the network down for several hours. Here is what Arbitrum tweeted: https://twitter. com/arbitrum/status/1565030915348303873? cxt=HHwWgsC4vevUjbgrAAAA How will the Nitro upgrade work? The Nitro upgrade will try and fit an additional number of transactions in a batch, allowing Arbitrum to settle more arrangements across fewer blocks. For the unversed, Arbitrum uses a dedicated computer (sequencer) to validate off-chain transactions before rolling them up and sending them over to Ethereum. Here is a tweet thread unpacking the sequencer for you: https://twitter. com/ChainLinkGod/status/1397981978163507201? s=20&t=kLEi4Li_eZwctGgPWWR0tQ Arbitrum’s Nitro upgrade comes about two weeks before the merge. The timeline may be a coincidence, but signifies Ethereum’s spirit to reinvent the network securely, said... --- ### MakerDAO proposes far-reaching changes to DAI > DeFi ecosystem Maker has formally announced a new executive proposal, urging MakerDAO members to vote on some key decisions. - Published: 2022-09-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/makerdao-proposes-changes-to-dai/ - Categories: Crypto, News-old - Tags: crypto, news DeFi ecosystem Maker has formally announced a new executive proposal, urging MakerDAO members to vote on some key decisions. In a decentralized realm, every decision is passed or rejected based on the number of governance votes. The key proposal concerns the launch of teleport technology that seeks to increase the compatibility of the network’s DAI stablecoin across platforms, a development closely watched by traders and whales alike. What are the decisions? The first voting concerns the release of the final tranche ($25 million in DAI) of the $100 million loan being advanced to Philadelphia-based community bank HVbank, which was first announced by MakerDAO on 23 August 2022. The second decision being voted is about the launch of the much-awaited teleport technology. If approved, the technology will allow users to withdraw DAI (MakerDAO’s stablecoin) directly from layer-2 platforms such as Optimism and Arbitrum to layer-1 platforms, including Ethereum. Here is what MakerDAO tweeted: https://twitter. com/MakerDAO/status/1565075473394270208 However, it is to be noted that the executive proposal (followed by the governance vote) only concerns the technical launch of withdrawals. Arbitrum and Optimism integration will follow and will need additional voting sprints. What do these decisions mean for the investors? While the partnership with the bank was ‘priced in’ a week back, teleport technology has grabbed the attention of whales. Transactions on the Maker network have been surging off-late with a $100,000+ hourly level touched yesterday (1 September 2022), according to Santiment. https://twitter. com/santimentfeed/status/1565058307512905728 This figure is the highest since 11 August 2022 and... --- ### Carlyle co-founder reveals crypto investments > David Rubenstein, co-founder of private-equity firm Carlyle Group, said he has crypto-specific investments. Read more - Published: 2022-09-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/carlyle-co-founder-reveals-crypto-investments/ - Categories: Crypto, News-old - Tags: crypto, news David Rubenstein, co-founder of private-equity firm Carlyle Group, said he has crypto-specific investments. Initially a crypto-skeptic, the billionaire revealed that he has taken personal positions in several crypto-focused companies. Mr. Rubenstein was interviewed on CNBC’s Squawk Pod on 2 September. He sounded optimistic about the state and progression of crypto regulations in the US. Rubenstein’s change in stance shows that people are steadily putting more faith in crypto, underlining the fact that crypto isn’t the bubble people thought it would be. What was the interview about? The interview discussed Rubenstein’s new book, How to Invest: Masters on the Craft. During the interaction, Rubenstein talked about the market’s reaction to aggressive rate hikes, the energy crisis across the European continent, and some of his investment bets. As for the bets, he mentioned fintech, healthcare, and blockchain (crypto) as his preferences. Here is what Squawk Box tweeted: https://twitter. com/SquawkCNBC/status/1565387256613011465 The billionaire added that a handful of blockchain-specific investments and crypto-centric products are here to stay. While Rubenstein has made fresh revelations in the interview, we can now connect the dots and see that he was always been close to investing in crypto. In fact, his tryst with crypto dates back to December 2020 when Paxos— a blockchain infrastructure service provider— raised $142 million in a Series C funding. Leading the funding round was Declaration Partners, a firm that also provided investment advice to Rubenstein’s office. Optimistic about crypto space Rubenstein said crypto-related companies have intrigued him the most, not just the project... --- ### Top 5 myths and facts about Ethereum 2.0 > The Ethereum Merge is all set to completely change Ethereum. The Merge has led to a lot of confusion in the minds of people. Here are the top 5 myths and facts about Ethereum Merge. - Published: 2022-09-02 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/top-5-myths-and-facts-about-ethereum-2-0/ - Categories: Crypto, Ethereum Merge - Tags: altcoin, crypto, ethereum, ethereum merge The Merge is finally over, and the crypto market is breathing a sigh of relief. A lot was riding on the successful execution of the Merge. In fact, the Ethereum Foundation had been carefully planning for the transition to Proof of Stake (PoS) and removing roadblocks for over two years. During all this time, a lot has been said about the Merge. Yet, there are many things about it that leave people confused, and there are many myths to bust in relation to ETH 2. 0. In this article, we focus on the top five myths in an attempt to set the record straight. Myth 1: Ethereum will be able to process 1,00,000 transactions per second soon after the Merge. Fact: No, Ethereum will not be able to process 1,00,000 transactions per second soon after the Merge. The Merge is just a transition from Proof of Work (PoW) to the Proof-of-Stake (PoS) mechanism of verifying transactions. Only after its successful execution, will the scaling of the Ethereum network begin. The journey to 1,00,000 transactions per second will get started after 6 September 2022, in a phased manner, through the implementation of shard chains. These shard chains will split the blockchain and create parallel chains, which will handle multiple transactions instead of a single chain, thus speeding up transactions. Myth 2: The gas fees on the Ethereum Network will be reduced. Fact: No, the gas fees or transaction fees on Ethereum will not be reduced after the Merge. The Merge will... --- ### OpenSea to back only PoS NFTs post-Ethereum merge > OpenSea would only support NFTs listed on the PoS chain after Ethereum transitions into Proof-of-Stake (PoS) protocol post-merge. - Published: 2022-09-02 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/opensea-to-back-pos-nfts-post-merge/ - Categories: Crypto, News-old - Tags: crypto, news NFT behemoth OpenSea has openly come out in support of the Ethereum PoS chain. OpenSea would only support NFTs listed on the PoS or the high-traffic chain after Ethereum transitions into the Proof-of-Stake (PoS) protocol post-merge. OpenSea’s stand against other (speculative) Ethereum forks is a shot in the arm for Vitalik Buterin-backed Ethereum 2. 0 at a time when NFTs existing on multiple chains remain a cause for concern. For the unversed, OpenSea— launched in 2017— is currently the largest Ethereum-native NFT marketplace. After the merge, NFTs would automatically exist on any other forked chain— including the most talked about ETHPoW chain. However, none of those NFTs will reflect on the OpenSea marketplace, as per the following tweet thread: https://twitter. com/opensea/status/1565116435348590593   Is OpenSea the sole backer of ETH PoS? However, OpenSea is not alone in its only-PoS stance. Circle— the face behind the USDC stablecoin— has also thrown its weight behind the Ethereum PoS. The merge, expected to happen anytime between 15-20 September, will be a watershed event in Ethereum’s history. However, this might trigger a chain split of sorts, with ETHPoW waiting in the wings to get noticed by global exchanges. Yet, the apathy of stalwarts like OpenSea and Circle shows that the road isn’t going to be easy for any upcoming forked (split) chain. FAQs How will the Ethereum merge affect NFTs? The Ethereum merge is expected to improve scalability and reduce transaction fees, potentially benefiting NFT transactions by making them faster and cheaper. Does OpenSea support... --- ### DeFi aggregator’s airdrop bonanza for Optimism users > 1inch— a Defi-specific decentralized protocol aggregator—has recently announced backdated Optimism (OP) token airdrop for select wallet users. - Published: 2022-09-02 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/1inch-airdrop-bonanza-for-optimism-users/ - Categories: Crypto, News-old - Tags: crypto, news 1inch— a Defi-specific decentralized protocol aggregator—has recently announced backdated Optimism (OP) token airdrop for select wallet users. OP token airdrop will focus on those wallets which are on the Optimism Ethereum network and have used 1inch in any form as of 1 September 2022. In mid-August 2021, 1inch’s DEX aggregation protocol announced moving to the Optimism Ethereum (OE) network to focus on better speed and affordable transactions. For perspective, the OP airdrop announcement is 1inch’s way of encouraging existing Optimism evangelists to use the 1inch DEX aggregator for swaps and transactions. Why is this airdrop special? With the Ethereum merge already upon us, Ethereum’s layer-2 scaling solutions such as Optimism are getting all the attention. And since a 1inch protocol was deployed on Optimism, there has been a massive surge in the former’s network activity, according to Sergej Kunz, co-founder at 1inch. How will the airdrop work? 1inch plans to airdrop 300,000 tokens to all 1inch wallets on Optimism that have ever made a swap or participated in a genuine transaction. Malicious wallets meant for exploiting other addresses will be automatically excluded. Also, 1inch promises equal token distribution. Currently, more than 45,000 wallets on Optimism have a 1inch association, as revealed by 1inch (the company) itself. What’s even more encouraging is that out of the 45,000, 28,600 wallets have set 1inch as a prior transaction network. As for Optimism, it is a layer-2 Ethereum scaling solution with a 2,000 TPS peak transaction limit, which it expects to reach in time.... --- ### Crypto market update: 2 September 2022 > The flat crypto week wears on with the broader market entering Friday in a tepid mood, up by 1.12% at the time of writing. Read more: - Published: 2022-09-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-2-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The flat crypto week wears on with the broader market entering Friday in a tepid mood, up by 1. 12% at the time of writing. The US dollar continued to show strength, with the US dollar index (DXY) hitting 109. 97 on 1 September 2022— a new high since September 2002. As a result, most risk assets lost ground, including the benchmark S&P 500 index and the big crypto guns. Currently, Bitcoin (BTC) is trading at a discount of 0. 94%, whereas the usually upbeat Ether (ETH) has managed to stay in the green with a 0. 20% uptick day-on-day. Unless the dollar index takes a breather, we cannot expect the market to ditch its current (range-bound) stance. Popular crypto trader Kaleo tweeted that he expects DXY to rise up to 115. https://twitter. com/CryptoKaleo/status/1565353419333853184 However, dark clouds loom on the trading horizon as a further hike in interest rate is expected in September following August’s inflation data release. Although the upcoming Ethereum merge (supposed to happen on 15 September) can act as a positive driver, bugs and deterrents could play spoilsport. September might just be a volatile month for high-beta assets such as crypto and equities. We recommend a cautionary stance and a well-drafted Do-Your-Own-Research (DYOR) plan. Significant developments Here are some of the noteworthy developments early on Friday across the crypto market: The crypto market cap continued to dip, day-on-day, down by 0. 24% at release. Currently, the market cap is holding steady at $980. 54 billion. Bitcoin’s market... --- ### California is the most BTC- and ETH-curious state in the US: Report > The state of California alone accounts for 43% of all Bitcoin and Ethereum web traffic searches, according to a new report from CoinGecko. - Published: 2022-09-01 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/california-is-uss-most-btc-and-eth-curious-state-report/ - Categories: Crypto, News-old - Tags: crypto, news The state of California alone accounts for 43% of all Bitcoin and Ethereum web traffic searches, according to a new report from CoinGecko. The 43% figure is remarkable, considering that California makes up for only 11. 9% of the US population. The data was collected through web traffic during the second quarter of 2022, between 2 May and 21 August 2022. With the upcoming Merge impacting Ethereum’s popularity, price, and overall utility, the report can serve as an interesting point of comparison to see where Ethereum stands, assuming that the study is replicated in the next quarter. Why California Interesting as the finding about California is, it does not entirely come as a surprise. Co-founder of CoinGecko, Bobby Ong, even commented on the findings, saying it is “unsurprising” since California is a major tech hub. Silicon Valley is the home to tech giants like Apple, Google, Meta, PayPal, and Wells Fargo. In addition, many cryptos and Web 3. 0 projects are stationed in California, including The Graph, Helium, MakerDAO, and dYdX. Additional data from the report States that followed Chicago’s lead included Illinois, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia, and Arizona, in that order. Another interesting fact the report threw up was that four US states saw more web searches for Ethereum than Bitcoin. The states that are more interested in ETH are Colorado, Wisconsin, New Jersey, and Florida. The US is leading the world in crypto transactions and trading volume and shares the top spot with Germany... --- ### Vasil hard fork: A game-changer for Cardano and its investors? > Cardano's Vasil hard fork update is expected to be a game changer for the developers and investors alike. Read more to learn all about it. - Published: 2022-09-01 - Modified: 2023-09-19 - URL: https://coinswitch.co/switch/crypto/is-vasil-hard-fork-a-game-changer-for-cardano/ - Categories: Altcoins, Crypto - Tags: cardano, hard fork, vasil Bitcoin is love, but there is a blockchain project that’s faster, more eco-friendly, secure, general-purpose, and in line with the Web 3. 0 BUIDLing vision. That’s Cardano for you. So the fact that there are some major changes soon being made to a cryptocurrency as important as Cardano should make you sit up and ask: What are these changes? And what should you, as an investor, expect and focus on? The broader context We know that Cardano is a fully loaded smart-contract-driven ecosystem with the following highlights at present: Over $78. 91 million in Total Value Locked (TVL), as reported by DeFi Llama Highest-ever TVL of $326 million, recorded in the month of March 2022 Close to 100 full-fledged decentralized projects exist on Cardano so far Over 1,000 projects under development More than 5,000 native NFT projects A standard transaction speed of 250 TPS However, things weren’t always so great for Cardano. Till September 2021, it lacked smart contract functionality. And that made it impossible for self-deploying DeFi and NFT projects to thrive. But how exactly did Cardano get where it is now? And why the Vasil hard fork (its biggest upgrade ever, coming up in August, tentatively)? To find the answers, some more history may come in handy. Previous upgrades and their outcomes Progress is good and Cardano is making some. Like every other reputed blockchain, Cardano has had its share of upgrades over the past few years. But why, as an investor, should you be interested? Looking at... --- ### Curve stablecoin launch may happen in September > Curve Finance might launch a decentralized stablecoin called crvUSD next month, according to founder, Michael Egorov. - Published: 2022-09-01 - Modified: 2023-12-27 - URL: https://coinswitch.co/switch/crypto/curve-stablecoin-launch-may-happen-in-september/ - Categories: Crypto, News-old - Tags: crypto, news According to the decentralized protocol's founder, Michael Egorov, Curve Finance might launch a decentralized stablecoin called crvUSD next month. The news came to light on the Curve community Telegram channel. The crvUSD will be an over-collateralized stablecoin, a type of stablecoin backed by excess collateral (typically another crypto). It will be similar to Dai, the most popular decentralized stablecoin of the Ethereum ecosystem. The announcement comes a little over a month after Egorov made a statement that indicated the possibility of a stablecoin launch. The news follows on the heels of Aave. In August, the liquidity protocol approved the launch of its stablecoin. Stablecoins in 2022: The context of crvUSD’s arrival Stablecoins did not fare well in 2020. Many popular stablecoins lost their parity with the US dollar one after the other, starting with Terra Luna’s stablecoins. Others like Magic Internet Money (MIM) and Tron’s USDD followed soon after. The curve was caught in the middle since it specializes in stablecoin swaps. Its total value dropped from $24. 3 billion in January to $5. 8 billion. With the DeFi community increasingly calling for decentralized stablecoins and Curve in the process of launching one of its much-demanded stablecoins, though, things seem to be looking up. Reactions so far Egorov had hinted during the Egorov Redefine Tomorrow 2022 crypto conference, in July, and there has been much speculation about a stablecoin since. The Curve community seems to be all in for crvUSD, and the comment by Egorov received positive responses from members.... --- ### Developers propose to move Helium to Solana blockchain > Helium developers have proposed a transition to the Solana blockchain to improve the operation of the Helium blockchain. - Published: 2022-09-01 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/helium-developers-proposes-to-migrate-to-solana/ - Categories: Crypto, News-old - Tags: crypto, news The developers behind Helium have proposed to move the blockchain-powered wireless network to Solana’s blockchain, with the aim of improving Helium’s operations. HIP 70 is the title of the proposal by the developer team. The proposal was announced via Helium Foundation’s blog post on 31 August. What does this mean for Helium and for us? The core developer team, according to the post, is proposing that the Proof of Coverage (PoC) and Data Transfer Accounting be moved to oracles. Oracles are bridges that help blockchains like Helium connect to these real-world data and events that they cannot connect to on their own. The move thus brings the blockchain and the world closer to the Internet of Things vision of connecting computing devices, machines, objects, animals, and people to the Internet without requiring human-to-human or human-to-computer interaction. This development is likely to prove to be an interesting venture for the entire blockchain ecosystem. The proposed partnership will also benefit both of the decentralized networks involved. Helium will be able to significantly improve operational efficiency and scalability through Solana’s vast range of composable developer tools, features, and applications. At the same time, Solana (SOL) can grow its utility and adoption with Helium’s volume. In addition, if the partnership does work out, Helium-based HNT, IOT, and MOBILE tokens and Data Credits (DCs) would also be transferred to the Solana blockchain. The deciding factor: Helium community The developers have left the final decision to the Helium community. The HIP 70 vote will start on... --- ### Michael Saylor and MicroStrategy face tax evasion lawsuit > A tax evasion-related lawsuit has now been filed against Michael Saylor and the company he founded, MicroStrategy. - Published: 2022-09-01 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/crypto/michael-saylor-and-microstrategy-charged-of-tax-evasion/ - Categories: Crypto, News-old - Tags: crypto, news A tax evasion-related lawsuit has been filed against Michael Saylor and the company he founded, MicroStrategy. The lawsuit was filed by Karl Racine, Attorney General for the District of Columbia in the United States. Racine alleges that the company assisted Saylor in evading tax and is thus extending the lawsuit to the company as well. News of the lawsuit broke via a series of tweets by Racine on 31 August. Source: AG Karl A. Racine Saylor’s resignation: A quick recap Under Michael Saylor’s leadership, MicroStrategy became one of the first institutional adopters of Bitcoin. Unfortunately, MicroStrategy lost over $1 billion of its funds in the second quarter of 2022. As a result, Saylor stepped down as CEO last month. He was later appointed as the Executive Chair of the company. Additional charges The attorney general’s office also claims that Saylor falsified his residency with the help of MicroStrategy. Saylor has been living at his house in Georgetown, Columbia, since 2005 and has even docked at least two of his luxury yachts on the property. According to the DC laws, individuals who reside in the District for a minimum of 183 days a year are required to pay local taxes. Saylor failed to pay the local tax and has breached the law, according to the claim from the DC office. He could now face penalties to the tune of $100 million. This is the first lawsuit brought under the District of Columbia’s recently amended False Claims Act, Racine’s tweet revealed. The... --- ### El Salvador’s Bitcoin Beach gets over $200 million for infrastructure > El Salvador will receive over $200 million in investments to upgrade the infrastructure at Bitcoin Beach, according to President Nayib Bukele. - Published: 2022-09-01 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/el-salvadors-bitcoin-beach-gets-over-200-million-for-infrastructure/ - Categories: Crypto, News-old - Tags: crypto, news El Salvador will receive over $200 million in investments to upgrade the infrastructure at Bitcoin Beach, according to President Nayib Bukele. The success of Bitcoin Beach has been a key factor behind El Salvador’s adoption of Bitcoin. El Salvador became the world's first country to adopt Bitcoin as a legal tender in 2021. Bitcoin Beach: A Brief Background Bitcoin Beach, also known as El Zonte, is a small town in El Salvador. It became a popular tourist and entrepreneurial destination in 2019 when it started experimenting with digital currency. The town that never even had a bank before installed BTC ATMs—a huge milestone in the country’s journey toward adopting Bitcoin. The town eventually gained the name “Bitcoin Beach. ” The beach town’s new name thus represents the widespread acceptance of Bitcoin in the area. For what will the $200 million fund be used? According to President Nayib Bukele, the $200 million-plus investment will go toward upgrading the infrastructure of Bitcoin Beach, making it more tourist-friendly. The beach town can look forward to the development of tourist attractions, including a beach club, shopping center, parking lot, and treatment plant. However, the funds will not benefit Bitcoin Beach alone. The funds will also be used to help make Surf City, also known as El Tunco, another tourism hub along the lines of El Zonte. The larger La Libertad region will receive a new set of roads to give tourists better access to the sites. While there has been no news about an... --- ### Crypto market update: 1 September 2022 > ETH led the way, rising by 1.91%, supported by positive sentiment in the context of the Merge. BTC also gained 1.18% - Published: 2022-09-01 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-september-1-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news A tumultuous month for the crypto market finally ended with a mixed session yesterday. Bitcoin dropped below the resistance level of $20,000 at one point during the day, but it quickly gained traction again and rose by 1. 18%. However, the month of August as a whole saw the world’s largest crypto go down by 13. 89%, despite steering clear of July’s $18,962 low. Ethereum (ETH) led the way yesterday, rising by 1. 91%, supported by investor enthusiasm for the upcoming Merge. Other cryptos, from the top 10 by market cap list, following ETH include SOL, with a 0. 02% hike, and XRP, with 0. 36%. As for the total crypto market cap, it touched $956. 5 billion at the end of the day after moving up and down the charts. The total crypto market cap took a hit this August, sliding by $105. 2 billion, due to the turbulent market and is below the psychologically important 1 trillion at the moment. The Fear and Greed Index The Fear and Greed Index has fallen to 20/100 as of 1 September 2022, which means the market is deep in the Extreme Fear zone. The 3% drop from Tuesday bearish market sentiments. If the downward trend continues, BTC’s current year low of $17,605 will remain in play. BTC can only return to $25,000 if the index crosses 40/100. Top gainers and losers According to CoinSwitch market data, the top gainers at publishing time are Terra 2. 0 (LUNA) which led the way... --- ### Meta users can post NFTs on Facebook and Instagram now > The social media giant said that users will need to connect their wallet to post NFTs minted on Ethereum, Polygon, and Flow. - Published: 2022-08-30 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/meta-users-can-post-nfts-on-facebook-and-instagram-now/ - Categories: Crypto, News-old - Tags: crypto, news Meta, previously known as Facebook, has announced that it will now allow users to post their NFTs across both their Facebook and Instagram feeds. The social media giant said that users will need to connect their wallet to post NFTs minted on Ethereum, Polygon, and Flow. Meta will use the public blockchain data to verify the owners and creator/s. According to the update, initially, select US-based users will be able to share their NFTs across both platforms. Meta plans to offer the option to 100 countries across the Asia-Pacific region, Africa, and the Middle East eventually. Meta has been experimenting with NFTs on both its platform since May 2022 and the current move will help to strengthen its efforts in Web 3. 0—a space where it has faced multiple challenges in the recent past. In the last quarterly earnings report, for instance, Meta revealed that the company has lost $5. 7 billion in 2022 while trying to build its metaverse unit. The setback clearly did not stop Meta. In the blog post announcing the latest decision, the company said: “Every day, creators inspire people and push culture forward around the world. With the incredible opportunity of blockchain technology, they can now leverage new tools to earn income, and fans can support their favorite creators by purchasing digital collectibles—art, images and videos, music or trading cards—as non-fungible tokens (NFTs). ” In the coming months, Meta plans to support all major blockchains and wallets so that more crypto-native people can share digital... --- ### Brazil’s central bank picks the country’s largest private bank to develop a DeFi liquidity pool > Brazil’s central bank has selected Itaú Unibanco, the country’s largest private bank, to help develop a DeFi liquidity pool. - Published: 2022-08-30 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/brazils-central-bank-picks-countrys-largest-private-bank-to-develop-a-defi-liquidity-pool/ - Categories: Crypto, News-old - Tags: crypto, news Brazil’s central bank has selected Itaú Unibanco, the country’s largest private bank, to help develop a DeFi liquidity pool. The choice was made under the government’s Financial and Technological Innovation and Technology Laboratory (LIFT) public program. The pool will use blockchain technology and smart contracts to enable custody of assets, currency exchange, and alternative investments. It is likely to work like stablecoins in that it could shadow the Brazilian real, USD, or some other fiat currency. The platform’s operations may be quite similar to other liquidity pools in the digital asset market. The Itaú Unibanco proposal is one of eight others chosen by LIFT. Other noteworthy blockchain-related project proposals included Lovecrypto, which proposes to convert a stablecoin on the Celo blockchain into Real Digital, Brazil’s CBDC. Another proposal, from Celso Jungbluth, aims at building a decentralized microcredit marketplace. Itaú Unibanco’s proposal did not arrive out of the blue. In July, Itaú Unibanco announced plans to launch its asset tokenization platform. The goal was to use the platform to transform traditional financial products into tokens and offer crypto custody services that could be offered to customers. The LIFT lab will begin operations on 12 September 2022. Program developers will need to submit a functional prototype and report each project by 15 December. This is the fifth round of projects selected by LIFT since its launch in 2018. In the last round held in March, LIFT chose nine separate projects aimed at building the Brazilian CBDC. FAQs How do I participate in... --- ### Iran passes bill legalizing the use of crypto for imports > Iran has now passed a new law that allows regulations on trade transactions with crypto. The act authorizes the use of crypto to finance imports from abroad - Published: 2022-08-30 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/iran-passes-bill-legalizing-the-use-of-crypto-for-imports/ - Categories: Crypto, News-old - Tags: crypto, news Iran has passed a new law that allows regulations on trade transactions with crypto. The act authorizes the use of crypto to finance imports from abroad, according to the Iranian private news agency, Tasnimnews. The changes in the payment mechanism were made through an agreement between the Ministry of Industry and the Central Bank of Iran. With the new law, businesses will be able to import cars and other items using crypto instead of USD and Euro. Earlier this month, Iran placed its first import order using $10 million worth of cryptos. The country started relying on crypto use for funding all its imports from abroad because it cannot access global payments’ mechanisms amid US sanctions over its nuclear program. Alireza Peymanpak, a deputy Iranian trade minister who leads Iran’s Trade Promotion Organization (TPO) said that by end of September, the country plans to cryptos and smart contracts in foreign trade with friendly target countries. Industry, Mines, and Trade Minister Reza Fatemi Amin said, on Monday, that all issues concerning crypto assets—from the assigning to the granting of licenses—have been taken care of. The approval for use of cryptos to fund imports appears to be a wider resolution for detailed crypto regulation in the country, including licensure and energy allocation for crypto mining. --- ### CME introduces euro-denominated BTC and ETH futures contracts > Chicago Mercantile Exchange (CME), the world’s largest financial derivatives marketplace, has announced the launch of euro-denominated Bitcoin and Ether futures contracts. - Published: 2022-08-30 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/cme-introduces-euro-denominated-btc-and-eth-futures-contracts/ - Categories: Crypto, News-old - Tags: crypto, news Chicago Mercantile Exchange (CME), the world’s largest financial derivatives marketplace, has announced the launch of euro-denominated Bitcoin and Ether futures contracts. As per a company press release, the BTC futures contract will have a lot size of 5 BTC, and the Ether futures contracts will have a lot size of 50 ETH per contract. All the euro-denominated BTC and ETH futures contracts will be based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate and cash-settled. According to the press release, Tim McCourt, Global Head of Equity and FX products says: “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the US, with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap. ” The offering was first announced earlier this month. It is meant to complement the exchange’s dollar-denominated BTC and ETH futures contracts. In December 2017, the CME Group launched its first BTC futures contract. The contract proved to be very successful, attracting a huge trading volume. It peaked at $108 billion in October last year. However, the futures contract was reported to be down in July, at $38 billion. In recent months, there has been a change in crypto derivatives trader preferences. The bulk of the trading volume has shifted away from the traditional financial derivatives marketplace like CME to centralized crypto exchanges. In July 2022, the derivatives trading volume on centralized exchanges stood at over $3 trillion,... --- ### Singapore may establish tougher rules for retail crypto market > ingapore’s central bank, the Monetary Authority of Singapore (MAS), may roll out stricter rules for retail crypto trading, according to a top official. - Published: 2022-08-30 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/singapore-may-establish-tougher-rules-for-retail-crypto-market/ - Categories: Crypto, News-old - Tags: crypto, news Singapore’s central bank, the Monetary Authority of Singapore (MAS), may roll out stricter rules for retail crypto trading, according to a top official. If this happens, the move could deal a blow to the growth of the retail crypto market in Singapore. Speaking at a fintech seminar in the city-state, the managing director of MAS, Ravi Menon, said that despite warnings and measures, retail investors seem to be oblivious about the risks associated with crypto trading. The central bank is therefore considering trying to monitor retail access through crypto trading platforms. The measures taken could include customer suitability tests, restricting the use of leverage, and credit facilities for crypto trading. MAS plans to seek opinions and feedback on the regulation of crypto for retail investors from the public by October and is engaging with global counterparts already. Menon clarified that the central bank is not discouraging digital asset innovation, but wants crypto speculation to end. “MAS’ facilitative posture on digital asset activities and restrictive stance on cryptocurrency speculation are not contradictory,” he explained, adding that banning is not likely to work. Over the last few years, digital firms from China and India set up shops in Singapore, making it a major center in Asia. As a result, the country has seen an influx of talent. Talks of tougher regulations have gained pace in this context, especially after a few global crypto lending and trading firms based in Singapore defaulted on their payments to users. Menon argued that cryptocurrencies have assumed... --- ### Crypto market update: 30 August 2022 > The week seems to have begun on a positive note for the crypto market, with Bitcoin and Ethereum leading the way. Shrugging off rate hike concerns, - Published: 2022-08-30 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-30-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The week seems to have begun on a positive note for the crypto market, with Bitcoin and Ethereum leading the way. Shrugging off rate hike concerns, Bitcoin and Ethereum are trading above the psychologically important $20,000 and $1,500 levels, respectively. The total market cap is currently at $978 billion. Investors continued buying the dip, so it appears that Nasdaq failed to reverse the crypto market’s prevailing trend yesterday. As per Chainalysis’ on-chain data, BTC inflows to exchanges are decreasing and are below the 180-day average. That might seem like a positive sign for the market, but the inflow rate needs to be closely monitored before coming to any concrete conclusions. The Fear and Greed Index, too, is doing better. It left the extreme fear zone during yesterday’s session and is currently up by 3 points, at the 27/100 level. Key coins Yesterday, Bitcoin managed to bounce back to the $20,000 level after testing for support at $19,500. The jump helped boost investor confidence. The 4-hour chart shows that the $20,300 level is offering resistance, but the $20,064 level is expected to provide strong support in case of any sell-offs. If Bitcoin manages to break above the $20,300 level during today’s session, it can bring some strength back into the market. Ethereum single-handedly manages to reverse the weak market sentiment during yesterday’s session, bouncing back higher after touching a low of $1,442 level. In the last 24 hours, ETH has gained over 6%. It is trying to break above the $1,557... --- ### Ava Labs dismisses charges; denies wrongdoing > Ava Labs has categorically dismissed charges leveled against it by CryptoLeaks, terming it “conspiracy theory nonsense.” Read more - Published: 2022-08-29 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/ava-labs-denies-wrongdoing/ - Categories: Crypto, News-old - Tags: crypto, news Ava Labs chief executive Emin Gun Sirer has categorically dismissed charges leveled against it by CryptoLeaks, terming it “conspiracy theory nonsense. ” On Friday, the community for reporting crypto scams had alleged that the company behind Avalanche had colluded with a US law firm to sue its competitors and dupe regulators. Sirer tweeted the following: https://twitter. com/el33th4xor/status/1564006450531377156 Damning evidence CryptoLleaks opened a can of worms by posting candid videos featuring Kyle Roche, a US lawyer. In the video, Roche is seen talking about his partnership with Sirer (CEO) and Kevin Sekniqi (COO of Ava Labs). According to CryptoLeaks, Roche was supposed to provide legal counsel to Ava Labs in exchange for equity and AVAX tokens. Roche’s legal assistance also involved deploying litigation as a tool against Ava’s competitors and misdirecting the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and other regulators. In the videos, Roche is also seen saying that he sues half the crypto firms in the space on behalf of Ava Labs. Notwithstanding the video evidence, CEO Sirer has denied all allegations, stating that Ava Labs would not participate in anything as unethical and unlawful as this. FAQs Who is the founder of Avalanche Crypto? The founder of Avalanche Crypto is Emin Gün Sirer. Who is the CEO of Avalanche? Emin Gün Sirer is also the CEO of Avalanche. Who was the founder of the Avalanche at Cornell? Emin Gün Sirer was the founder of the Avalanche project at Cornell. --- ### Compound’s new DeFi lending platform ticks the right boxes > new version of the existing Compound protocol— Compound III— is now live following a successful governance proposal. Here is more about it - Published: 2022-08-29 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/compounds-new-defi-lending-platform-is-live/ - Categories: Crypto, News-old - Tags: crypto, news A new version of the existing Compound protocol— Compound III— is now live following a successful governance proposal. Conceptualized in 2018, Compound is one of the DeFi pioneers that made collateralized borrowing popular. The third iteration aims to make the entire DeFi space more secure, efficient, and user-focused. What is Compound III? For the uninitiated, the older versions (Compound and Compound II) of the Compound Protocol featured a pooled-risk setup, focusing on reusable collateral. This meant that one bad asset (eroding faster than usual) could drain others due to automated liquidations. Compound III aims to change it by bringing in a ‘single borrowable asset. ’ This feature fixes the pooled-risk issues by ensuring security and control over the collateral. Also, with Compound III, users will be able to borrow the stablecoin USDC using LINK, COMP (native token), UNI, ETH, and Wrapped BTC as collateral. Compound III received several accolades from the likes of Circle CEO Jeremy Allaire, who tweeted about this simpler, efficient, and safer version of Compound. According to Jeremy, Compound III is easily one of the better USDC borrowing platforms. Here is the tweet from Jeremy: https://twitter. com/jerallaire/status/1563185488131149829 Significant features With Compound III, users will not be earning collateral interest. Yet, it’s not all bad as there will be fewer risks of liquidations, courtesy of a higher borrowing limit. The transaction fee structure will also become more affordable. Moreover, Compound III was unanimously approved, the cherry on the cake. Also, the new variant comes with a Business Source... --- ### Inflation, rate concerns drag down Ether metrics > While most crypto assets took the hit, it turned out to be a double whammy for Ethereum. Read more to know - Published: 2022-08-29 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/inflation-rate-concerns-drag-down-ether-metrics/ - Categories: Crypto, News-old - Tags: crypto, news Global markets—crypto and equity—have been on a slippery slope after Fed Chair Jerome Powell focused on the need to raise interest rates further to tame inflation. While our latest market update enlists the key developments post the symposium held at Jackson Hole on Friday, Ether was impacted the most— courtesy of the changing token metrics. What does a drop in ETH funding rate indicate? While most crypto assets took the hit, it turned out to be a double whammy for Ethereum. Along with the ETH prices which corrected over the weekend, the ETH funding rate too dropped, according to data released by CryptoQuant. For perspective, the current funding rate is the lowest in the past 14 months, signifying bearish sentiments among ETH traders. When funding rates were this low in June 2021, a short squeeze on Ether and BTC followed. Deposit contracts too at a month-low ETH 2. 0 contracts involving staking deposits reached a month-low of $19,475,077,788, as reported by Glassnode. The drop in deposit contract volume might be a bearish indicator ahead of the upcoming merge. A drop in funding rates and deposit contracts was expected given the low liquidity in the market post-Jackson Hole annual policy speech and ETH’s 12% drop over the weekend. Here is the Glassnode tweet for your reference: https://twitter. com/glassnodealerts/status/1564059156167987200 Despite key ETH metrics retreating ahead of the big event, the growing influence of macro factors alarms traders the most. Ether is closely correlated to the S&P 500 index, with the correlation even... --- ### Grayscale’s crypto trusts come under SEC lens > Grayscale Investments has come under the lens of the US Securities and Exchange Commission (SEC). Here is what happened - Published: 2022-08-29 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/grayscales-crypto-trusts-come-under-sec-lens/ - Categories: Crypto, News-old - Tags: crypto, news Grayscale Investments has come under the lens of the US Securities and Exchange Commission (SEC). The market watchdog has asked the digital asset manager to divulge details about three of its crypto trusts—Horizen (ZEN), Stellar (XLM), and ZCash (ZEC). SEC has raised some viability-specific questions about the trusts, Grayscale said. Grayscale voluntarily revealed the developments in its regulatory filings on 16 August 2022, further to the disclosures made in June. Why did the SEC raise questions? SEC’s scrutiny of Grayscale comes at a time when there are growing uncertainties about how the regulators are looking at newer assets such as crypto. Policing crypto has been the SEC’s primary concern, and questioning Grayscale about the crypto trusts is the agency’s way to gain some much-needed clarity. Significantly, the US regulator’s primary concern is regarding the viability of the trusts, especially at a time when Grayscale is faced with a decline in asset value in a bear market. Grayscale currently presents the mentioned trusts as investment instruments, not securities, which is likely to change after the SEC completes the inquiry. If the narrative changes, Grayscale might have to discontinue the mentioned crypto trusts. Grayscale pitches these crypto trusts to users as means to invest in crypto alongside bonds and stocks. It is expected that the way these crypto trusts operate might change after the completion of the inquiry. SEC is expected to probe deeper into the nature of offerings and the “Securities Law Analysis” conducted by Grayscale. In an August filing, Grayscale... --- ### Ethereum to lose access to a critical cloud host > Ethereum— the second largest crypto by market cap— might soon lose one of its primary cloud hosting service providers. read more - Published: 2022-08-29 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/ethereum-to-lose-access-to-a-critical-cloud-host/ - Categories: Crypto, News-old - Tags: crypto, news Ethereum— the second largest crypto by market cap— might soon lose one of its primary cloud hosting service providers. Web hosting service Hetzner, which hosts about 10% of Ethereum nodes, has taken a strict stance against offering services for crypto-related activities, including staking and mining. Losing Hetzner would mean Ethereum stands to lose 10% of its node spread. Why is it a concern? Lately, Ethereum has attracted a lot of backlash from PoW supporters who have questioned the extent of node-specific censorship post-merge. As such, about 62. 3% of all the existing Ethereum nodes are currently managed by cloud services, according to Ethernodes. org. Hetzner shutting doors on the Ethereum mainnet at this juncture raises serious questions about the network’s approach towards decentralization. Currently, Hetzner powers 16% of all the cloud-hosted nodes and 10% of all the Ethereum nodes. For perspective, Amazon Web Services is the market leader, hosting 53% of all the cloud-powered nodes. Hetzner’s stance Hetzner, the Germany-based cloud firm took to Reddit last week to reiterate its terms of service. As per the existing ToS, Hetzer isn’t supposed to provide mining, staking, and trading-related services. Hetzer’s Reddit comment clarifies: "Using our products for any application related to mining, even remotely related, is not permitted. ” Read the Reddit post here. However, it is not clear as to what Hetzner would do to enforce this directive. FAQs Can Ethereum reach $50,000? Yes, some experts believe Ethereum could reach $50,000 by 2030, citing factors like increasing adoption and utilityHow... --- ### Crypto market update: 29 August 2022 > Last week’s ‘Freaky Friday’ did come close to crashing the crypto market due to Fed chair Jerome Powell’s late-evening speech. Read more - Published: 2022-08-29 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-29-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news Last week’s ‘Freaky Friday’ did come close to crashing the crypto market. Fed chair Jerome Powell’s late-evening speech on 26 August hinted at aggressive rate hikes and some “pain” for households and businesses going forward. Though most of the news was already priced in, the broader crypto market corrected by almost 13% over the weekend. Yet, the bearish weekend was not just an aberration. The crypto space continues to remain weak on Monday morning— down by 2. 57% at the time of writing. Most leading cryptos corrected, pulling the overall market cap down under $1 trillion (currently at $947. 30 billion). Even the market volume fell by almost 19%, day on day. Significant developments The weekend saw many dramatic moves across the broader and onshore crypto space. Here are some of the market moves that stood out: Bitcoin (BTC) corrected quite a bit— falling to $19,617 on 28 August 2022. The world’s largest cryptocurrency by market capitalization is currently up by a small margin, trading at $19,695. 17. Ether (ETH) slumped to $1,431, a level that was last seen on July 26. Bitcoin dominance grew by 0. 12% and currently stands at 39. 72%. CRE8— the rupee-denominated crypto index— has lost 1. 82% day-on-day and is currently holding onto the ₹2,725. 22 level. Key coins Powell’s hawkish speech negatively impacted almost every crypto asset. Currently, BTC and ETH are trying their best to cross above the $20,000 and $1,500 levels to resume the upward momentum they exhibited throughout August. Among... --- ### Police closes several crypto exchanges in Afghanistan > Another roadblock for crypto traders in Afghanistan has emerged as the country’s police forcefully closed down 16 cryptocurrency exchanges. - Published: 2022-08-26 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/police-closes-several-crypto-exchanges-in-afghanistan/ - Categories: Crypto, News-old - Tags: crypto, news Another roadblock for crypto traders in Afghanistan has emerged as the country’s police forcefully closed down 16 cryptocurrency exchanges over the last week. According to a local newspaper report cited in CoinTelegraph, the crypto exchanges closed were all from the Herat province of western Afghanistan. The details The police reportedly went on to arrest staff backed by a letter from Da Afghanistan Bank, the country’s central bank. The letter stated that the bank had not issued any licenses for online trading, rendering all such activity illegal. Sayed Shah Sa'adat, head of the counter-crime unit of Herat police, said to the aforementioned local paper that digital currency trading is causing several issues in the country and that the people of Afghanistan who are new to cryptos trading are getting scammed. Cryptos and Afghans: A quick recap Following the Taliban takeover in August last year, Afghans turned to cryptos amid US sanctions. During that time, when their economy was dying, and banks had stopped working, people turned to crypto not just to trade but to survive. Crypto usage skyrocketed as a result, and in 2021, Afghanistan ranked 20 among 154 countries in crypto adoption, according to the Chainalysis index. Earlier this year, in June, the Taliban declared that all foreign exchange trading is prohibited in the country. That, combined with the recent closure of crypto exchanges, will create additional pressure on the economy. --- ### Cardano Vasil hard fork closer to the update: IOHK > Amid Ethereum’s much-anticipated Merge, Cardano has announced that its Vasil hard fork is now much closer than ever before. - Published: 2022-08-26 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/crypto/cardano-vasil-hard-fork-closer-to-the-update-iohk/ - Categories: Crypto, News-old - Tags: crypto, news Amid Ethereum’s much-anticipated Merge, Cardano has announced that its Vasil hard fork is now much closer than ever before. The fork is the next upgrade on the Cardano blockchain. The news about the Cardano mainnet update was announced via Twitter thread by Input Output Hong Kong (IOHK), the company behind the network, on 25 August. The timeline of the fork will depend on how soon the upgrading of 75% of the mainnet blocks producing nodes running 1. 35. 3, around 25 exchanges, and the top ten key mainnet dApps take place. The Twitter thread revealed that Stake Pool Operators (SPOs) running the latest node 1. 35. 3 currently account for 40% of mainnet block production. The goal is to achieve 75%. The Vasil Hard Fork will increase throughput on the Cardano blockchain and improve the development of smart contracts and dApps. This fork was initially set to launch on 29 June, but it has been plagued by multiple delays, much to investors’ disappointment. The eagerness with which the hard fork is being awaited has much to do with the fact that the last two hard forks, Alonzo and Mary, were followed by ADA rallies. Cardano investors are hoping that history will repeat itself this time too. Despite Cardano’s developers claiming that the Vasil fork is ready, some believe that Cardano is rushing the update. In recent times, Cardano co-founder Charles Hoskinson responded by saying that delaying the launch to retest again was possible for them to do, but dApp developers... --- ### SolanaFM raises $4.5 million > SolanaFM, a blockchain explorer and indexing provider for Solana, has managed to secure $4.5 million in a seed funding round. - Published: 2022-08-26 - Modified: 2024-03-28 - URL: https://coinswitch.co/switch/crypto/solanafm-raises-4-5-million/ - Categories: Crypto, News-old - Tags: crypto, news SolanaFM, a blockchain explorer and indexing provider for Solana, has managed to secure $4. 5 million in a seed funding round. The seed funding was led by SBI Group’s Digital Asset Opportunity Fund and backed by other investors, including Spartan Group, Mirana Ventures, D1 Ventures, and Petrock Capital. The news about the fund was announced by Solana FM on 26 August via a press release. The second quarter of 2022 has witnessed a drastic decline in venture capital funding. So the secured funds are not just about good news for SolanaFM, but for the entire crypto ecosystem. SolanaFM: A brief background SolanaFM was founded in March 2021 by three Singapore Management University (SMU) undergraduates, Nicholas Chen, Bing Huang, and Fathur Rahman. The co-founders joined hands at the Solana hackathon to focus on infrastructure solutions for the Solana blockchain. SolanaFM works closely with protocols within the Solana ecosystem to index its data. It supports businesses outside the ecosystem, such as banks and compliance companies, to provide them with fast, reliable data. Previously, the company secured an undisclosed fund from Etherescan and Coinhaki in December. What will SolanaFM do with the new fund? The $4. 5 million fund will be used to grow SolanaFM’s services and workforce of 25 people. Currently, the core team mostly consists of engineers and developers, and other teams focused on growing the business. Solana FM is also planning to expand to the Aptos blockchain, alongside existing Solana services, according to the press release. FAQs How much has... --- ### Eminem and Snoop Dogg to bring metaverse-inspired performance to 2022 MTV awards > Eminem and Snoop Dogg are all set to bring the metaverse and NFTs to the MTV Video Music Awards (VMAs) on Sunday, 28 August 2022. - Published: 2022-08-26 - Modified: 2023-11-22 - URL: https://coinswitch.co/switch/crypto/eminem-and-snoop-dogg-to-bring-metaverse-inspired-performance-mtv-awards/ - Categories: Crypto, News-old - Tags: crypto, news Award-winning rappers Eminem and Snoop Dogg are all set to bring the metaverse and NFTs to the MTV Video Music Awards (VMAs) on Sunday, 28 August 2022. The rappers will be performing their song called “From the D 2 the LBC,” released earlier this year. The Otherside metaverse and Bored Ape Yacht Club (BAYC) NFTs inspired the song. The Otherside is one of the popular upcoming metaverse projects created in a collaboration project between Yuga Labs’ BAYC and gaming giant Animoca Brands. The performance is likely to bring the project to the spotlight and could be seen as another win for Web 3. 0 as a whole. Some context Eminem has a collection of 28 other NFTs and a hip-hop-themed Bored Ape which was exclusively created for him. He bought the NFT for 123. 45 ETH in December 2021. Snoop Dog, on the other hand, is even more active within the NFT space. He has his own NFT collection called The Doggies, in addition to owning a Bored Ape—purchased in 2021, a year that saw a lot of celebrity NFT hype. MTV also adds the “Best Metaverse Performance” category The VMAs are embracing the metaverse in other ways too. Going forward, MTV will also be recognizing metaverse performances with a “Best Metaverse Performance” category being added to its annual awards. The move comes because several artists have already hosted concerts in it. Nominees for the award this year include Justin Bieber, Rift Tour (featuring Ariana Grande), and Twenty One Pilots.... --- ### Polygon founder raises $50 million for Web 3.0 development > Sandeep Nailwal, the founder of Polygon, has raised $50 million for Symbolic Capital, a startup fund devoted to Web 3.0 companies. - Published: 2022-08-26 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/polygon-founder-raises-50-million-for-web-3-0-development/ - Categories: Crypto, News-old - Tags: crypto, news Sandeep Nailwal, the founder of Polygon, has raised $50 million for Symbolic Capital, a Venture Capital (VC) firm which is launching a startup fund devoted to Web 3. 0 companies. The development, which marks a new milestone in the career of the well-known Indian founder, will help empower and mentor founders of companies trying to build applications to bring more users into the Web 3. 0 sphere. To reach its goal of speeding up the adoption of Web 3. 0, Symbolic has already invested in several blockchain-focused gaming startups, including BlinkMoon, Planet Mojo, and Community Gaming. Nailwal spearheads the $50 million fund by Symbolic Capital alongside Cere co-founder Kenzi Wang. The fund is backed by crypto exchanges, crypto-focused auditing firms, and other VC investors. This is not the first time Nailwal and Wang clubbed together for seed funding startups. The pair has co-invested in more than 40 companies since 2019. In an interview with CoinTelegraph, Sandeep says that he aims to replicate Polygon’s success with Symbolic Capital. He explains that he understands the struggle of starting small and getting VC funders to believe in their vision and abilities, and that’s what motivated him to start the fund. Earlier this year, braving the crypto winter, Polygon managed to raise $450 million in a financing round. The funds were raised from giant VC firms in the industry like Sequoia Capital, Tiger Global, and SoftBank. FAQs Who is the founder of polygon technology? Polygon, a blockchain platform, was founded by a team of... --- ### Crypto market update: 26 August 2022 > The larger crypto market is looking steady at the moment. However, that may not last as the market is expected to be choppy today. - Published: 2022-08-26 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/crypto-market-update-august-26-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news After a bullish session yesterday, the larger crypto market is looking steady at the moment. However, that may not last as the market is expected to be choppy today. The much anticipated Fed Chair Jerome Powell’s speech is likely to set the tone for the day. The speech is expected to bring clarity on the pace of interest rate hikes and the global liquidity situation. Bitcoin (BTC) failed to touch $22,000 for the sixth consecutive session so far. Having announced that the Merge process will begin on 6 September, Ethereum (ETH) crossed the $1,704 level briefly before ending yesterday’s session. Other key cryptos too ended the day in positive territory. Aave (AAVE) rose by 6. 12%, and Shiba Inu Coin (SHIB) and yearn. finance (YFI) is up by 5. 51% and 4. 69%, respectively. The total crypto market cap is drifting near the psychologically important $1 trillion level. The total crypto market cap is down by $40 billion this August. The Fear and Greed Index Today, the Fear and Greed Index, which represents the predominant current crypto market sentiment, rose from 25/100 to touch 27/100. With this, the Index moves out of the extreme fear zone, but it is too soon to tell whether the market is completely out of the danger zone, especially given the Fed Chair’s upcoming speech. It would be ideal if, for the overall hygiene of the market, especially Bitcoin, the Index could recapture the 40/100 level. Top gainers and losers CoinSwitch data reveals that Theta... --- ### Ethereum merge process to kick off on Sept. 6 > The Ethereum Foundation officially confirmed the dates for the Merge on Wednesday, sharing details of what to expect as the transition to proof-of-stake gets underway. - Published: 2022-08-25 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/ethereum-merge-process-to-kick-off-on-sept-6/ - Categories: Crypto, News-old - Tags: crypto, news The Ethereum Foundation officially confirmed the dates for the Merge on Wednesday, sharing details of what to expect as the transition to proof-of-stake gets underway. The merge will be activated first on the Beacon Chain with the Bellatrix Upgrade, which is scheduled for epoch 144896 on the Beacon Chain on 6 September, according to the details shared by the Ethereum Foundation. It will set the rest of the process for the merge in motion. After that, Paris, the execution layer’s portion of the transition, will get triggered on reaching the terminal total difficulty (TTD) of 58,750,000,000,000,000,000,000, which is expected between September 10-20. Once the difficulty level on the execution layer exceeds the TTD, block creation through proof-of-work crypto mining would not be possible. The subsequent block would be produced through proof-of-stake consensus by a Beacon Chain validator. Once Beacon Chain finalizes the block, the merge is considered officially complete. As per the calculation, the first block under the proof-of-stake consensus mechanism would be formed exactly 13 minutes or 2 epochs after the TTD block is produced. The Ethereum Foundation has also shared other technical details of the Merge and also announced an enhanced merge bug bounty bonus of up to $1 million. Ethereum's proof-of-stake transition has been two years in making and the final dates come after successful dress rehearsals on multiple test network environments including Ropsten, Sepolia, and Goerli. FAQs How is Ethereum doing after merge? The Ethereum network has transitioned to a proof-of-stake consensus mechanism after the merge,... --- ### NFTs worth $100 mln stolen since 2021: Report > A recent report on NFTs and Financial Crime published by crypto risk management firm Elliptic has revealed that since mid-2021, scammers stole NFTs worth over $100 million. - Published: 2022-08-25 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/nfts-worth-100-mln-stolen-since-2021-report/ - Categories: Crypto, News-old - Tags: crypto, news A recent report on NFTs and Financial Crime published by crypto risk management firm Elliptic has revealed that since mid-2021, scammers stole NFTs worth over $100 million. During the 13-month period from July 2021 to July 2022, users have been victims of scams wherein NFTs worth $100. 6 million were stolen. The report mentions that despite the market downturn and slump in the value of NFTs, scammers stole the most number of NFTs in July 2022. The report points out that scammers looted BAYC NFTs and MAYC NFTs worth over $58 million in July 2022 alone. The firm verified that the most valuable NFT stolen was a CryptoPunk which was valued at $490,000 at the time it was stolen in November 2021. In another instance in December 2021, scammers were able to steal 16 blue chip NFTs worth over $2 million from a single user. According to the report, scammers and individuals laundered more than $8 million in stolen and illicit funds through NFT platform and more than $328 million was diverted through crypto mixers including Tornado Cash, which is currently facing sanctions by the US Office of Foreign Asset Control. It is estimated that the disgraced mixer processed $137. 6 million worth of crypto through NFT platforms, making it a laundering tool of choice for scammers. Elliptic reported that more than 2,000 NFTs were stolen in April 2022. Scammers deploy a number of methods to con users, including phishing and also by exploiting the vulnerabilities of NFT marketplaces. --- ### In a first, MakerDAO lends out 100M DAI to US-based bank > In March, Huntingdon Valley Bank, a community bank based in suburban Philadelphia, formally made a Collateral Onboarding Application, wherein they requested a $100 million loan from MakerDAO. - Published: 2022-08-25 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/in-a-first-makerdao-lends-out-100m-dai-to-us-based-bank/ - Categories: Crypto, News-old - Tags: crypto, news The decentralized finance ecosystem and traditional finance have come together in a first-of-its-kind collaboration. MakerDAO, a smart contract protocol built on Ethereum and the issuer of the DAI stablecoin, has formed a partnership with US-based Huntingdon Valley Bank for a credit facility. In March, Huntingdon Valley Bank, a community bank based in suburban Philadelphia, formally made a collateral onboarding application, wherein they requested a $100 million loan from MakerDAO. The application was designed to increase the adoption of the project’s stablecoin DAI. (1 DAI = $1) On 23 August, the deal was approved by the stablecoin issuer, which offered to lend 100M DAI to the bank, marking the first commercial loan agreement between a regulated US financial institution and a DeFi protocol. Today is a defining moment to envision the potential of connecting decentralized finance and real-world finance. Huntingdon Valley Bank and Maker pioneer the first commercial loan participation between a U. S. Regulated Financial Institution and a decentralized digital currency. pic. twitter. com/wajJYVJwwz — Maker (@MakerDAO) August 23, 2022 The amount will be used by the bank to expand its existing business and tap new business opportunities. To secure the loan, the bank has provided its risk-weighted assets (RWA) as collateral instead of cryptocurrencies. MakerDAO has formed a trust, RWA Master Participation Trust, to oversee the deal with the bank. Under the terms of the agreement, the bank can request additional loans over the next 12 months. Likewise, the deal would help MakerDAO to reverse some of the counterparty... --- ### Invesco launches $30 million metaverse fund > Invesco, the US-based investment management company has announced its first metaverse-themed fund, officially making its foray into the Web3 space. - Published: 2022-08-25 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/invesco-launches-30-million-metaverse-fund/ - Categories: Crypto, News-old - Tags: crypto, news Invesco, the US-based investment management company that has over $1. 5 trillion in assets under management, has announced its first metaverse-themed fund, officially making its foray into the Web3 space. The $30-million fund would invest in small, medium, and large companies across the metaverse value chain, the company said. The fund, which will focus on companies based in the US, Asia, and Europe, will be managed by Tony Roberts. The fund, which comes with a 0. 75% management fee, will have the MSCI AC World Index as its primary benchmark. Invesco’s fund will target seven verticals within the space. Prospective investments would include firms manufacturing next-generation computer systems, makers of AR/VR headsets, powerful networks that aid hyperconnectivity, immersive platform builders, and blockchain infrastructure providers. However, Invesco is not the first investment major to announce a Web3-focused fund. Proshares, Fidelity, Global X, and First Trust have already announced funds that would invest in the immersive 3D segment. According to a report from Citi, potential revenues from the Metaverse space could be as high as $13 trillion by 2030, while McKinsey estimates a $5 trillion revenue opportunity by 2030. FAQs Who owns Metaverse? The concept of the metaverse is vast and decentralized, and ownership is distributed across various entities. It is not owned by a single individual or organization. Instead, the metaverse is a collective virtual space consisting of interconnected digital environments, platforms, and assets, each owned by different companies, developers, and users. How much has been invested in the metaverse? The... --- ### Uniswap community votes for big protocol changes > The proposal to set up the Uniswap Foundation garnered 99% of the total votes polled or 86 million in favor, with only 770 votes against. - Published: 2022-08-25 - Modified: 2024-01-02 - URL: https://coinswitch.co/switch/crypto/uniswap-community-votes-for-big-protocol-changes/ - Categories: Crypto, News-old - Tags: crypto, news Decentralized exchange Uniswap has taken a big step forward to support developers in the ecosystem as members of the community enthusiastically voted in favor of creating the Uniswap Foundation. The foundation will support open-source development, reduce friction in the protocol’s governance system, and streamline Uniswap’s Grant Programme (UPG). It will be an independent foundation functioning within Uniswap’s ecosystem. Uniswap is the largest decentralized exchange (DEX) by trading volume and the total value locked in the protocol has surpassed $4. 17 billion. The proposal to set up the Uniswap Foundation garnered 99% of the total votes polled or 86 million in favor, with only 770 votes against. The proposal needed 40 million votes for approval. The voting, which took place on Uniswap’s app, started on 17 August and concluded on 24 August. To be able to participate in governance at the protocol, the foundation has requested 2. 5 million UNI tokens from DAO. It has also requested an additional $74 million from the DAO’s $3. 6 billion balance sheet. The sum will be divided into two funds, wherein $20 million will be earmarked for meeting operational expenses and grants over the next two years, while the remaining $54 million will be handed over to the Uniswap treasury after the foundation gets legal recognition. Devin Walsh, a community member who proposed the creation of the Uniswap Foundation, said that the team has already started working on implementing some of the top priorities. Currently, they are focused on building a talent pool, scaling... --- ### Crypto market update: 25 August 2022 > Bearish sentiment prevailed during Wednesday’s session due to lack of support from top coins and the absence of fresh cues from the global financial market. - Published: 2022-08-25 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-25-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news Bearish sentiment prevailed during Wednesday’s session due to lack of support from top coins and the absence of fresh cues from the global financial market. The tech-heavy Nasdaq, which the crypto market follows closely, ended the day with a modest gain of 0. 41%. The total crypto market cap is hovering close to the psychologically important $1 trillion level. Meanwhile, investors remained cautious ahead of the release of second-quarter US GDP data and Fed Chair Powell’s Friday speech, which is expected to provide clarity about the pace of interest rate hikes and global liquidity position. Looking ahead, the market is expected to remain choppy for the rest of the week. The Fear & Greed Index, a gauge of market sentiment, is steady at 25/100, signaling extreme fear in the minds of investors. According to liquidation data from Coinglass. com, total liquidation over the 24 hours fell by close to 40% to $83 million. In short, it’s a wait-and-watch kind of market. Bitcoin Bitcoin was mostly sideways during Wednesday's session, struggling to break above the $21,500 level, but is holding on to the $21,000 level successfully, which is a positive for the market. The world’s largest cryptocurrency by market cap needs a strong buying session to support its return to the $22,000 level and reverse the bearish sentiment. Down below, $20,740 would offer strong support and if it breaks below, we may see a sub-$20K level. Ethereum After initial weakness at the start of the week, ETH bounced back and reclaimed... --- ### Crypto-familiar parents in the US want Web 3.0 in school curriculum > Study.com, spoke to parents and graduates about the exact Web 3.0 vertical that should be a part of the curriculum. Read more - Published: 2022-08-24 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/us-parents-want-web-3-in-school-curriculum/ - Categories: Crypto, News-old - Tags: crypto, news A new survey by Study. com indicates that parents who are familiar with crypto feel that school-led crypto education is the need of the hour. In fact, most blockchain-versed parents are already putting in an average sum of $766 to crypto-educate their kids outside of the school coverage. Close to 200 college graduates were also surveyed. About 86% of graduates reportedly feel that they would have been making additional money if they had some foundational knowledge of crypto. More than half of both the surveyed groups revealed they wanted to learn more about “the future of the economy. ” Study. com, the company behind the survey, spoke to 884 parents and 210 graduates about the exact Web 3. 0 vertical that should be a part of the school curriculum. The choices were: blockchains, crypto, the metaverse, and Non-Fungible Tokens (NFTs). While NFTs received 25% of the votes, crypto was the clear winner with 64% votes. The surveyed individuals were also asked about the ideal time to introduce crypto to kids. The response option “High School” had the highest number of takers, followed by “Undergraduate Degree” and “Middle School. ” The college graduates and parents were first screened to check if they have an adequate understanding of crypto, blockchain tech, metaverse, NFTs, and other aspects of Web 3. 0. Only those who qualified were taken through to the next part of the survey. If the results of this survey are anything to go by, and at some point, the community manages... --- ### Near Protocol thwarts another hacking attempt; hackers pay > Near Protocol managed to not only block an attack on its Rainbow Bridge; the attackers lost 5 ETH in the process. Read more - Published: 2022-08-24 - Modified: 2024-01-29 - URL: https://coinswitch.co/switch/crypto/near-protocol-thwarts-hacking-attempt/ - Categories: Crypto, News-old - Tags: crypto, news In a space where cross-bridge attacks are common and hackers often get away with no penalty, here’s news of a victory—however small. Near Protocol not only managed to block one such attack, but the attackers also lost 5 ETH in the process. Hackers tried exploiting Near’s EVM-compatible Rainbow Bridge on 21 August 2022. They failed because the attack was blocked within 31 seconds. No user funds were lost, but the attackers had to part with the deposit they made to implement the attack. What happened? And how? Near’s Rainbow Bridge allows users to migrate tokens across networks, including Near Protocol, Ethereum, and Aurora. The entire process is trustless and driven by smart contracts. What made the attack possible was the fact that anyone, including malicious actors, can interact with smart contracts, owing to their automated design. The attackers thus chose to use smart contracts to propose a false block within this particular blockchain. They planned an early morning attack in the hope that it wouldn’t meet resistance given the time. They simply had to deposit 5 ETH to get the transaction verified. Things didn’t go as smoothly as the hackers had hoped, though. The malicious transaction was flagged off, and the attackers lost the deposited ETH in the process. https://twitter. com/alexauroradev/status/1561692371833667585? s=21&t=UkDIs61nOkve562TsX2udA Once the exploit attempt was defeated, Alex Shevchenko—CEO at Aurora Labs—notified the Twitter community about the same. He even rhetorically asked the attackers to focus on “Bug Bounty” to earn instead of trying to breach the bridge. The... --- ### Forum to speed up Web 3.0 adoption launched in India > A forum to promote Web 3.0 adoption was launched by Jayesh Ranjan, principal secretary, Government of Telangana. Read to know more. - Published: 2022-08-24 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/crypto/india-blockchain-forum-launched-to-drive-web-3-0-adoption/ - Categories: Crypto, News-old - Tags: crypto, news A forum to promote Web 3. 0 adoption was launched on Sunday, 21 August 2022, in Hyderabad. The India Blockchain Forum, launched by Jayesh Ranjan, Principal Secretary, Government of Telangana, aims to make India a global blockchain and Web 3. 0 hub. The forum launch comes at a time when the crypto and blockchain industry has called for regulatory certainty to help the industry achieve its full potential. The crypto industry in India is in a nascent stage right now, but crypto and Web 3. 0 startups in the country have already garnered funds worth more than $1 billion across 43 deals in the first six months of 2022 alone. Who are the founding members? The India Blockchain Forum started as an informal association of a handful of Indian blockchain influencers. There are 40 key individuals associated with this body. Some of the key founding members include Prasanna Lohar (CEO, Block Stack), Col. Inderjit Singh (Retd. ), Srinivas Mahankali (CBO, Secure Kloud), Pankaj Diwan (CEO, Idealabs FutureTech Ventures), and Sharat Chandra (Blockchain Evangelist). Global influencers, enterprise adoption leaders, and technology architects were also present. What to expect from the India Blockchain Forum? The forum plans to establish interest groups focusing on CBDCs, crypto policy frameworks, metaverse, and other areas to drive wholesome blockchain adoption. A press release note, shedding additional light on their 10-point plan, was shared. The plan focuses on building up the India Blockchain Stack, start-up acceleration, nurturing communities, driving global collaboration, policy advocacy, talent pool creation, hand-holding... --- ### Indian app launches first video NFT marketplace > Chingari—best known for its Solana native Gari token—has come up with a video NFT marketplace. Read more to know about it. - Published: 2022-08-24 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/chingari-launches-video-nft-marketplace/ - Categories: Crypto, News-old - Tags: crypto, news India-based short video app Chingari—best known for its Solana native Gari token—has come up with a video NFT marketplace. The new platform, which has been named Creator Cuts, is going to be the first video NFT marketplace, globally. The marketplace will make it possible for creators to mint their video NFTs and empower them financially. Chingari, which is considered to be India’s TikTok, plans to also drive better community engagement with this exclusive NFT marketplace. The marketplace marks a significant advance in the NFT space as well as a big win for Indian developers. Currently, the NFT marketplace will only allow top creators to mint their videos in exchange for monetary perks. Buyers will also be compensated with 10% of the creator’s income. For now, the compensation will be in the form of Gari tokens. Even non-Chingari users can purchase the NFTs. The Creator Cuts project aims to increase the presence of the Web 3. 0-led creator economy. Sumit Ghosh, CEO at Chingari, believes that it’s time that creators start owning their content instead of giving monetizing rights to third-party networks. Here is what he tweeted: https://twitter. com/sumitgh85/status/1562048661646766080 According to the Economic Times, Chingari currently has over 130 million users. The app is available in 15 languages. FAQs What is the biggest NFT marketplace? OpenSea is considered the biggest NFT marketplace, offering a wide range of digital assets including art, domain names, virtual worlds, and more. How many monthly active users does Chingari have? Chingari boasts 40 million monthly active... --- ### Mark Cuban urges SEC to come up with clear crypto guidelines > Billionaire investor Mark Cuban has come down heavily on Securities and Exchange Commission (SEC) Chairman Gary Gensler. Here is why - Published: 2022-08-24 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/mark-cuban-asks-sec-for-clear-crypto-guidelines/ - Categories: Crypto, News-old - Tags: crypto, news Billionaire investor Mark Cuban has come down heavily on Securities and Exchange Commission (SEC) Chairman Gary Gensler. The latter had written an op-ed piece that presents the argument that crypto simply uses a different technology than capital markets but it doesn’t need to be treated differently by regulators. Cuban was responding to the stance taken in the op-ed. Cuban lashed out against the chairman for his unclear regulatory stance, saying that the SEC is making it nearly impossible for the businesses and retail crypto investors to gain any clear direction. How did it begin? On 23 August 2022, Gensler shared his op-ed on his Twitter handle. The opinions he expressed in the Wall Street article were triggered by the fact that BlockFi, a leading crypto-specific financial platform, settled SEC and other federal and state investigations by agreeing to pay out $100 million. Cuban immediately responded with a hard-hitting tweet, highlighting SEC’s lack of accessibility. He added that there is little space for crypto firms and investors to communicate with the Commission. https://twitter. com/GaryGensler/status/1561796337758355457 Cuban also urged Gensler (and the SEC) to bring out “bright line guidelines” for crypto. The Twitter banter continues Subsequently, Gensler tweeted about how the SEC urges crypto platforms to comply with securities laws, as doing so will be beneficial for investors and the crypto market as a whole, and to directly talk to SEC staff if there are any concerns. Cuban, in turn, responded on 24 August with another tweet, disputing Gensler’s claim and stating that... --- ### Crypto market update: 24 August 2022 > the broader space has managed to buck the bearish trends, even if only marginally, to regain the $1 trillion market capitalization, up by 0.06% daily. - Published: 2022-08-24 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/market-update-august-24-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The global crypto market continues to carry forth last week’s weakness with its flattish stance. But the broader space has managed to buck the bearish trends, even if only marginally, to regain the $1 trillion market capitalization, up by 0. 06% daily. Top players Bitcoin (BTC) and Ether (ETH) didn’t move much over the past 24 hours, registering 0. 18% and 0. 62% gains, respectively. The steady market could be attributed to the lack of impactful/sentimental activity over the past few hours, with the one exception to this being the liquidity crisis looming over NFT lender BendDAO. Going forward, the Merge is expected to continue turning heads and influencing trading decisions over the next few weeks. But, with Fed Chairman Jerome Powell scheduled to speak at the Jackson Hole conference on 26 August, primarily about the extent of the upcoming rate hikes, waiting and watching the crypto space may be a safe bet. Some highlights Here are some of the highlights that might influence trading decisions going forward: Bitcoin market dominance has fallen under the 40% mark, down by 0. 03% from yesterday. Trading activity across the crypto space seems steady, with $70. 28 billion worth of trading volume registered in the past 24 hours. India’s first onshore crypto index CRE8 is seen trading at ₹2,912. 01 at release, down by 0. 84%, day-on-day. Now let’s look at the coins that started moving the most, early Wednesday. Key coins None of the cryptos from the top 10 (by market cap)... --- ### Users cheer as the BTC transaction fee drops under $1 > The average transaction fees on the Bitcoin blockchain fell below $1 for the first time in over two years. - Published: 2022-08-23 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/users-cheer-as-btc-transaction-fee-drops-under-1/ - Categories: Crypto, News-old - Tags: crypto, news Amid the crypto winter, the world's most popular crypto still seems to enjoy the trust of investors. The average transaction fees on the Bitcoin blockchain fell below $1 for the first time in over two years. For perspective, higher transaction fee tends to discourage users, especially those who make low-value transactions. At the time of writing, the Bitcoin transaction fee stands at $0. 825, a level last seen on 13 June 2020. It is important to note that BTC transaction fees did not fall sharply in the charts. The all-time low was achieved over a period of time. Why are transaction fees important? Transaction fees are an essential part of all blockchain ecosystems. While a high fee restricts users from using the network, a low fee raises security alarms. Therefore, a minimal fee that satisfies both parties is essential to keep the ecosystem balanced. Moreover, a very low transaction fee combined with a high difficulty level is counterproductive to the miners who spend more computational power to get the hash value only to get lesser incentives for mining a block. So, for the sake of the miners, the transaction fee and the difficulty level should be on par with the other. In fact, one of Bitcoin's biggest drawbacks was the high transaction fee, but upgrades like the Lightning Network and Taproot have made it cheaper. After hitting an all-time high of $69,045 in November 2021, Bitcoin price has been on a downward spiral, but the price is not the only... --- ### CryptoPunks edge past BAYC amid a slide in NFT prices > CryptoPunks NFTs is currently higher than that of BAYC NFTs. The Punks are winning over the Apes in the race to dominate the NFT marketplace. - Published: 2022-08-23 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/cryptopunks-edge-past-bayc-amid-slide-in-nft-prices/ - Categories: Crypto, News-old - Tags: crypto, news With the floor price of CryptoPunks NFTs currently higher than that of Bored Ape Yacht Club (BAYC) NFTs, it appears that the Punks are winning over the Apes in the race to dominate the NFT marketplace, albeit temporarily. Floor prices are the lowest price for which an individual NFT is available for sale. Both CryptoPunks and BAYC are major players in the NFT space, vying for the top slot since BAYC's entry into the marketplace. CryptoPunks held the title of most valuable PFP collection from 2019 until the end of 2021 when BAYC overtook them. At publishing time, CryptoPunk's floor price is at 71. 30 ETH, while BAYC is at 63. 10 ETH, according to Dune Analytics. How CryptoPunks Overtook BAYC Since touching a high in November 2021, the crypto industry has been experiencing a downward spiral, which affected coins of every size and shape. The NFT industry took the biggest hit after ETH prices dropped from $4,000 to $1,600, hurting Ethereum-based NFTs as most NFTs are part of the Ethereum blockchain. In the case of BAYC, its NFT collection has dominated the market space since its inception. However, the recent fall in floor prices is the result of BendDAO proposing emergency liquidation amid the credit crisis. While CryptoPunks are currently not available on the NFT lending protocol, BAYC NFTs are still on BendDAO. While these two rivals battle it out against each other too, crypto investors would do well to note that Yuga Labs, the company behind BAYC, acquired... --- ### Telegram founder moots new marketplace to sell usernames > Encrypted messaging app Telegram is planning to launch a new marketplace to utilize NFT-like smart contracts to auction popular usernames. - Published: 2022-08-23 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/crypto/telegram-founder-moots-new-marketplace-to-sell-usernames/ - Categories: Crypto, News-old - Tags: crypto, news Encrypted messaging app Telegram is planning to launch a new marketplace to utilize NFT-like smart contracts to auction popular usernames. Telegram founder Pavel Durov announced the news on the messaging platform yesterday. The success of the recent auction conducted by TON seems to be the inspiration behind the NFT-like smart contract, according to the message on the platform. Durov also talks about integrating TON-like technology on Telegram to its 700 million users, evaluating its success and possibilities given Telegram's vast user base. Moreover, he stated that the potential marketplace could include elements of the Telegram ecosystem, like channels, stickers, or emojis, shortly. As the Telegram team has already worked on the original smart contract of TON, Durov is confident that the team will be able to pull it off again. While the new marketplace might still be in the works, TON jumped around 10% after Durov's message on Telegram. TON and Telegram: Uneasy ties TON, short for The Open Network, was initially known as Telegram Open Network and was developed originally by the Telegram team. The blockchain shares a bitter history with its original creator, the Telegram team. TON started as a blockchain and a crypto for the messaging platform Telegram. Through TON, Telegram would integrate crypto payment to its 700 million users. However, TON soon ran into trouble with the United States Securities and Exchange Commission. Subsequently, the project was abandoned by the creator with its open-source made available to the public. A separate project known as Free TON... --- ### Top Ethereum mining pool to drop PoW post-merge > Ethermine, the world’s largest Ethereum mining pool, has decided to drop Ethereum Proof-of-Work (PoW) mining after the merge. - Published: 2022-08-23 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/top-ethereum-mining-pool-to-drop-pow-post-merge/ - Categories: Crypto, News-old - Tags: crypto, news Ethermine, the world’s largest Ethereum mining pool, has decided to drop Ethereum Proof-of-Work (PoW) mining after Ethereum’s upcoming transition to Proof-of-Stake (PoS) or the merge, according to a blog post published by the mining company. The merge, slated for 15 September, is the most anticipated event in the crypto calendar for the year. The set date will also be the last day PoW miners on Ethermine can mine Ethereum using the PoW consensus mechanism. Ethermine’s miner dashboard will display a countdown to the exact time until users can continue to mine Ether using PoW. The blog post further states that miners will no longer be able to mine Ether by validating the network using computer video cards (GPUs) or specialized ASIC rigs. As a result, Ethermine’s ETH mining pool will switch to withdrawal-only mode upon the merge. The platform will, however, support the mining of Ethereum Classic, Ravencoin, Ergo, and Beam, all of which follow a PoW consensus mechanism. Besides, Ethermine is offering a 0% fee promotion throughout September for the coins mentioned. Cost to miners The company’s decision to drop Ethereum PoW will affect its 228,121 active miners, who generate a total hash rate of 262. 8 TH/s. Many miners have been pushing to keep the current PoW consensus mechanism going as the switch to PoS will lead to losses to the tune of billions of dollars in terms of mining hardware, not to mention the loss of revenue. Many miners have threatened to maintain the original PoW protocol... --- ### South Korea bets big on crypto; 7 firms bid to set up exchanges > It appears South Korea is betting big on crypto as seven companies filed to establish exchanges for Bitcoin and other cryptos. - Published: 2022-08-23 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/south-korea-bets-big-on-crypto-7-firms-bid-to-set-up-exchanges/ - Categories: Crypto, News-old - Tags: crypto, news It appears South Korea is betting big on crypto as seven companies filed to establish exchanges for Bitcoin and other cryptos, according to a report published in South Korean newspaper NewsPim. Samsung Securities and Mirae Asset Securities are among the firms, the report said. If all goes well, the seven brokerages could start operating independent exchanges by early 2023. The news comes hot on the heels of heartening data from last week which identified South Korean conglomerate Samsung as the leading investor in blockchain-related companies. While the companies wait for approval from the South Korean government, both the companies cited in the news are preparing for the big day. Samsung Securities, the financial service provider, is preparing harder to enter the crypto ecosystem after it failed to develop a crypto trading platform in 2021. Likewise, Mirae plans to dip its toe into the crypto exchange sector in the country by establishing a subsidiary under the banner of its consulting arm Mirae Consulting. New president is a crypto backer Like many countries across the world, the South Korean government was treading cautiously on cryptos a few years ago. However, recently, the government initiated steps to regulate the industry, thanks to country's new president, Yoon Suk-Yeol. During his presidential campaign, Yoon had promised deregulation of the crypto industry. However, Yoon’s promise to make regulations more friendly to the crypto sector suffered a setback due to the Terra Luna crash. Terraform Labs, the company behind Terra Luna, is based in South Korea and... --- ### Crypto market update: 23 August 2022 > The crypto market is recovering from the weekend dip and top cryptos are mostly trading in the red, with Bitcoin trading below $22,000. - Published: 2022-08-23 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-23-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The broader crypto market is recovering from the weekend dip and started the week in the red. Continuing the bearish streak in Monday’s session, top cryptos by market cap are mostly trading in the red, with Bitcoin trading below $22,000. At publishing time, the world’s largest cryptocurrency by market capitalization was trading at $21,395, dropping by 0. 55%. Ethereum followed Bitcoin’s lead, dropping 0. 06%, trading at $1,626. 75. Among top 10 cryptos, Solana (SOL) is the biggest loser, tumbling 4. 33% to $35. 39 after hitting a six-week low of $33. 92 overnight. The total crypto market cap also slid below the psychologically important $1-trillion mark and ended the day with $988. 4 billion. The crypto market cap is down by $71 billion for the month of August so far. Fear and Greed Index The Fear & Greed Index, a popular market sentiment indicator, fell from 29/100 to 28/100, inching closer to the Extreme Fear line. The latest drop confirmed the downward trend that began with a reading of 47/100 recorded on August 14. A lower reading on the index (0-49) indicates fear in the market, while a higher reading (50-100) signals greed. A relapse into the Extreme Fear zone might push BTC below $20,000, close to the year’s low of $17,605. Top gainers and losers Despite the lackluster market, some coins defied the trend, finding strong support. Chiliz (CHZ), the leading digital currency for sports and entertainment, is up by 21. 36%. Other major gainers were programmable digital... --- ### GameStop’s NFT marketplace daily fee revenue falls below $4,000 > , GameStop’s NFT marketplace has recorded its daily fee revenue from the sale of NFT plummeting below $4,000. - Published: 2022-08-22 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/gamestops-nft-marketplace-daily-fee-revenue-falls-below-4000/ - Categories: Crypto, News-old - Tags: crypto, news In a telltale sign of waning interest in NFTs, GameStop’s NFT marketplace has recorded its daily fee revenue from the sale of NFT plummeting below $4,000. According to dappradar. com, the NFT marketplace has generated roughly $177k in sales volume in the last 24 hours, and with the platform charging 2. 25% as a commission fee, the platform earned close to $3,980 worth of revenue. At the time of writing, OpenSea remains the top NFT marketplace with $14. 92 million in volume, which is also witnessing a steady downward trend. At its peak, OpenSea witnessed a consistent sales volume of over $150 million. Other popular NFT projects are too witnessing soured investor sentiment on the backdrop of a drop in the prices of leading crypto assets. Fears of liquidation have resulted in a drop in the value of BAYC NFTs. Several BAYC holders who have borrowed against the NFTs on BendDAO are up for liquidation auction resulting in pressure on the price of BAYC NFTs. As per estimates, NFTs used as collateral on BendDAO protocol are worth over $59 million, and close to 272 BAYC NFTs or 2. 72% of the collections are kept as collateral in the platform. Many NFT analysts have warned that the NFTs kept as collateral in BendDAO is at higher risk of liquidation. BendDAO allows users to borrow up to 30-40% of the value of NFTs as loans keeping them as collateral. If the price of NFT drops so much that the loan equates to... --- ### General Bytes Bitcoin ATMs hacked through zero-day bug attack > Bitcoin ATM manufacturer, General Bytes has confirmed that its Bitcoin ATMs were compromised due to a zero-day attack on 18 August 2022. - Published: 2022-08-22 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/general-bytes-bitcoin-atms-hacked-through-zero-day-bug-attack/ - Categories: Crypto, News-old - Tags: crypto, news Bitcoin ATM manufacturer, General Bytes has confirmed that its Bitcoin ATMs were compromised due to a zero-day attack on 18 August 2022. The zero-day bug made it possible for hackers to appoint themselves as the default administrators of the Bitcoin ATMs, which allowed them to change the destination wallet addresses of the ATMs so that any funds from transactions would be transferred to their wallet. Upon discovering the attack, the company advised all operators to update the software of the machines to thwart any further attacks. In addition, before activating the machines again, operators were advised to check the review of the “SELL crypto” settings. The company has not yet disclosed how much worth of crypto the hackers were successful in stealing. According to the company, hackers targeted the machines through zero-day vulnerability attacks to gain access to the company’s crypto application service (CAS) and extract funds. An advisory on the incident by the company explained: “Attacker scanned Digital Ocean cloud hosting IP address space and identified running CAS services on ports 7777 or 443. Including General Bytes Cloud service and other GB ATM operators running their servers as Digital Ocean is a recommended cloud hosting provider. ” General Byte is one of the largest manufacturers of Bitcoin ATMs, and close to 8,827 of its Bitcoin ATMs are functional in over 120 countries. In recent months, crypto exchanges and crypto ATM operators have increased their installation rate of crypto ATMs and their number has already crossed 39,000 units. FAQs Did... --- ### Jharkhand becomes the first state to use blockchain to distribute seeds to farmers > Jharkhand state’s Directorate of Agriculture has partnered with blockchain startup SettleMint to help distribute seeds to farmers. - Published: 2022-08-22 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/jharkhand-becomes-the-first-state-to-use-blockchain-to-distribute-seeds-to-farmers/ - Categories: Crypto, News-old - Tags: crypto, news In a first-of-its-kind attempt, Jharkhand state’s Directorate of Agriculture has partnered with blockchain startup SettleMint to help distribute seeds to farmers. So far, the partners have distributed close to 30,000 quintals of seeds to around 3 lakh farmers. In the ongoing Kharif season, seeds of cereals, pulses, and oilseeds were distributed using the blockchain-based platform. The move is meant to ensure that seeds are not pilfered in the distribution process and that farmers no longer receive low-quality seeds under government-sponsored schemes. Using the platform, the agriculture department will be able to track the seed supply distribution across all channels—from issuing supply orders to tracking the delivery of seeds to the farmers. Jharkhand’s Agriculture Director Nesha Oraon has said that the platform will help the government to track the issuance of type and quantity of seeds issued to farmers on a real-time basis. It will play a key role in filtering out middlemen and tracking the real beneficiaries. According to the state’s agriculture department, over 3 lakh farmers are registered on the blockchain platform with their AADHAR and mobile number. Information can be uploaded or updated on the blockchain platform only when the farmer provides the OTP they receive on their mobile number. FAQs Which state in India is the first to use Blockchain technology? Jharkhand is the first state in India to use Blockchain technology for distributing seeds to farmers, aiming to enhance transparency and efficiency in the distribution process. What is blockchain technology in Jharkhand? In Jharkhand, blockchain technology... --- ### Euphoria around The Merge takes ETH 2.0 deposits to all-time high levels > there has been a rise in the number of staked ETH tokens on the ETH 2.0 staking contract. According to Etherscan.io, the number of staked ETH tokens has increased to 13.3 million tokens—the highest level on record. - Published: 2022-08-22 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/eth-2-0-deposits-to-all-time-high-levels/ - Categories: Crypto, News-old - Tags: crypto, news As the target date for The Merge is closing in, the investor frenzy is helping ETH tokens to make new highs despite weak market sentiments. Since the announcement of the final date of The Merge, ETH remained the best-performing crypto asset in the market. Also, there has been a rise in the number of staked ETH tokens on the ETH 2. 0 staking contract. According to Etherscan. io, the number of staked ETH tokens has increased to 13. 3 million tokens—the highest level on record. The value of staked ETH tokens is now worth more than $20 billion. However, despite the increase in the number of staked tokens, the number of unique addresses has not increased significantly. At the time of writing, the number of unique addresses is just below 80,000. Ethereum dominance After a sharp drop in Ethereum’s dominance due to the market crash, the token’s overall dominance is steadily rising again, indicating a buildup of underlying strength. Ethereum’s dominance level in the crypto market is now hovering around 19%, compared to nearly 15% last month. Launch of ETH options ahead of Merge Last week, the world’s largest derivatives exchange CME Group announced the launch of the ETH options contract on 12 September 2022. Ethereum has since been witnessing increased investor attention, with investors being bullish about the prospect of Ethereum’s growth. Last month on the Deribit exchange, the cumulative value of the open interest of ETH options was $5. 7 billion, surpassing $4. 3 billion locked in open... --- ### Tether quarterly disclosures show a 58% decrease in commercial paper holdings > A new report from Tether has revealed that the blockchain network has reduced its exposure in commercial paper holdings by over 58% over the previous quarter. - Published: 2022-08-22 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/tether-quarterly-disclosures-show-a-58-decrease-in-commercial-paper-holdings/ - Categories: Crypto, News-old - Tags: crypto, news A new report from Tether has revealed that the blockchain network has reduced its exposure in commercial paper holdings by over 58% over the previous quarter. Tether’s commercial paper holdings have dropped from $20 billion to $8. 5 billion. Commercial papers are short-term unsecured debt securities issued by corporations. Following the crash of the Terra Network and the failure of Terra USD (UST), there were growing concerns about the nature of Tether’s holdings in commercial papers and its exposure to Chinese commercial papers. Tether plans to reduce the exposure to commercial papers to zero by the end of this year. During the same period, Tether increased its cash holdings and bank deposits by 32%. The report, issued on Friday, though was meant to primarily assure the market that Tether’s stablecoin (USDT) is backed by 100% real assets. It presents the results of Tether’s quarterly assurance opinion—a review involving an assessment of processes, procedures, and operations of the stablecoin issuer. The review was conducted by BDO Italia, a major Italian accounting firm. According to the report, as of 30 June 2022, Tether’s total assets amount to $66. 40 billion. Of this, $28. 9 billion is in treasury bills, $8. 4 billion in commercial paper and certificates of deposit, $6. 8 billion in money market funds, $5. 4 billion in cash and bank deposits, $2. 9 billion in reverse repurchase agreements, and the remaining in other types of securities. --- ### Crypto market update: 22 August 2022 > Over the weekend, the crypto market cracked by close to 9%. The total market cap was down by around $100 billion. - Published: 2022-08-22 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-22-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news Over the weekend, the crypto market cracked by close to 9%. The total market cap was down by around $100 billion. Bitcoin is trading close to the $21,000 level and Ethereum near $1,600, with weekly losses of 13. 74% and 19. 78%, respectively. The lack of any cues in the crypto market and reduced trading volume over the weekend may have caused the drop in crypto prices. According to Coinglass. com, the 24-hour liquidation volume stands close to $96 million. The Fear and Greed Index, which measures the investor sentiments in the crypto market as per prevailing market conditions, is steady at 29/100. A drop below 25 would indicate extreme fear. As the crypto market is closely following Nasdaq and the US economic calendar is quite busy right now, the week ahead is expected to remain volatile. The Q2 GDP data, inflation, jobless claims, and Purchasing Managers’ Index (PMI) data are expected through the week. Bitcoin Source: TradingView Over the weekend, BTC cracked below the $21,000 level, reaching down to $20,740, a strong support level. At present, BTC is struggling to break above $21,500. BTC is expected to trade sideways because there are no cues in the market, but we recommend doing your own research. A break above the $22,200 level would bring buyers back into the market. Ethereum Source: TradingView As the bearish sentiment gripped the market over the weekend, ETH tokens lost over $200 in value. However, it witnessed strong support at $1,567 and bounced back. The $1,620... --- ### Terra Luna effect: Singapore firm Hodlnaut seeks legal protection > Crypto lender Hodlnaut disclosed massive layoffs and has applied to be placed under judicial management, citing its bleak financial position. - Published: 2022-08-19 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/terra-luna-effect-singapore-firm-hodlnaut-seeks-legal-protection/ - Categories: Crypto, News-old - Tags: crypto, news Singaporean cryptocurrency lender Hodlnaut disclosed massive layoffs and has applied to be placed under judicial management, citing its bleak financial position. The news comes after the developments on 8 August when the company announced a freeze on withdrawals, token swaps, and deposits. Hodlnaut made the most recent announcement in a blog post, highlighting the fact that it had opted to apply for judicial management. Put simply, a Singaporean court will hear Hodlnaut’s legal protection plea on 22 August 2022. After that, the court will appoint a manager to review the firm’s accounts and activities as a last resort to avoid liquidation of Hodlnaut’s holdings of Bitcoin (BTC) and Ethereum (ETH). The legal immunity provided by judicial management will also give the company some leeway to chalk out a recovery plan. Hodlnaut employees appear to bear the brunt of the firm’s dire financial situation. The company fired 40 people (80% of its headcount) and slashed interest rates to 0% APR to stabilize liquidity and cut costs. The big bang The Terra Luna crash hit the crypto market like an earthquake, and its aftershocks seem to have a deep impact on the larger crypto market. Hodlnaut is just one of the many crypto firms struggling alongside Three Arrows Capital, Voyager Digital, and Celsius Network. FAQs What happened to Hodlnaut? Hodlnaut, a Singapore-based cryptocurrency lender, faced liquidation after suspending withdrawals, swaps, and deposits. Is crypto legal in Singapore? Yes, cryptocurrency is legal in Singapore. The country has established regulatory frameworks and guidelines for... --- ### Ripple to offer faster cross-border payments in Brazil > Ripple is set to facilitate fast and cost-effective cross-border transactions in Brazil with RippleNet's On-Demand Liquidity (ODL). - Published: 2022-08-19 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/ripple-to-offer-faster-cross-border-payments-in-brazil/ - Categories: Crypto, News-old - Tags: crypto, news Ripple, the leading provider of enterprise blockchain and crypto solutions, is set to facilitate fast and cost-effective cross-border transactions in Brazil with RippleNet's On-Demand Liquidity (ODL). Ripple XRP has partnered with Travelex Bank to offer the services in the Latin American country. Ripple’s move, announced on 18 August, proves that Brazil is bullish about crypto. Recently, the country had launched the crypto trading platform XTAGE. The partnership will make Travelex Bank the first Latin American bank to utilize Ripple's payment service to facilitate cross-border payment using XRP tokens. How will it benefit users? The partnership will facilitate instant cross-border payments as the bank can utilize Ripple's ODL solution to make international payments faster and more cost-efficient. Thanks to this, enterprises and individuals need not wait for several days to settle costly cross-border transactions. The facility will initially be available between Brazil and Mexico, with plans to expand to other regions in the future. Ripple has tie-ups with financial services firms However, Travelex Bank is not the first to use RippleNet services in Brazil. Other Latin American financial services companies such as Banco Rendimento, Remessa Online, Frente Corretora, and Banco Topazio already offer RippleNet services to their customers. However, the Central Bank of Brazil's approval makes Travelex Bank the first bank to conduct foreign exchange transactions. FAQs How does Ripple solve cross-border payments? Ripple aims to solve cross-border payment challenges by providing a faster, more cost-effective, and efficient alternative to traditional banking systems. The traditional cross-border payment process is often slow,... --- ### Aussie soccer league NFTs sold out in 12 hours flat > The NFT collection from the Australian Football League (AFL), dubbed Ripper Skipper 2022, sold out in 12 hours flat. - Published: 2022-08-19 - Modified: 2024-01-09 - URL: https://coinswitch.co/switch/crypto/aussie-soccer-league-nfts-sold-out-in-12-hours-flat/ - Categories: Crypto, News-old - Tags: crypto, news It appears Aussies love football and NFTs in equal measure. The NFT collection from the Australian Football League (AFL), dubbed Ripper Skipper 2022, sold out in 12 hours flat. The NFT collection was launched only on 17 August through its AFL Mint program. Under the program, people were allowed to purchase any one of the 3,800 packs earmarked for the sale. The release follows the April debut of the AFL Mint—the official marketplace for collecting licensed AFL NFTs. The Mint, established in partnership with Animoca Brands, would produce NFTs and plan future ventures. What are Ripper Skipper NFTs? The Ripper Skipper NFTs are digital memorabilia for a niche subset of NFT traders and collectors. They represent 78 major moments from the 2021 season and feature captains from 18 teams in the league. Containing both video and audio snippets, each pack captures three moments rated in terms of rarity: common, deluxe, and ovation. The NFTs were priced at 34. 39 USD each, raising over $130,000. More NFT sales planned After the roaring success of Ripper Skipper NFTs, another drop is scheduled for 24 August. AFL’s future plan includes open metaverse offerings for both the AFL and AFL Women’s codes. AFL plans to expand the basic concept of NFTs by integrating game day events, tickets, and the chance to meet players in the metaverse. While the selling out of AFL NFTs is quite impressive, this is not the first of its kind. AFL is following the popular trend of sports teams' foray... --- ### CME Group to launch ETH options ahead of Merge > Chicago-based derivatives exchange CME Group, plans to launch options on trading for its Ether (ETH) futures products shortly. - Published: 2022-08-19 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/cme-group-to-launch-eth-options-ahead-of-merge/ - Categories: Crypto, News-old - Tags: crypto, news Chicago-based derivatives exchange Chicago Mercantile Exchange Group, popularly known as CME Group, plans to launch options on trading for its Ether (ETH) futures products shortly. The news was announced yesterday, ahead of the much-anticipated merge upgrade of the Ethereum network. The CME Group said it intends to launch options contracts for its Ether futures, with a contract size of 50 ETH, subject to regulatory approval. The new offering will add to CME's existing crypto products, including bitcoin, ether futures, and bitcoin options. The world's largest derivatives exchange will launch the ETH futures options on 12 September, just a few days ahead of the merge date scheduled for 15 September. What are futures contracts? Futures contracts in the derivatives world imply that an investor must buy or sell the underlying asset at a specific price within a specified time frame. These Ethereum options contracts would enable investors to bet on the future price of Ethereum and cash out at any time before the contract expires. Timing it right The merge is the most anticipated event in Ethereum's history. Post merge, Ethereum will upgrade to ETH 2. 0, which will move the world's second-largest crypto from a proof-of-work consensus mechanism to a proof-of-stake one. The news of the merge has hyped up the price of Ethereum and other altcoins. Moreover, CME Group reported an increase in trading volumes and open interest for ETH futures. FAQs What is the ETH futures contract? An ETH futures contract is a financial derivative that allows traders... --- ### Chinese miner posts profit despite crypto ban > Chinese miner Canaan registered a 117% increase in gross profit in the quarter, about $139 million in USD terms. - Published: 2022-08-19 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/chinese-miner-posts-profit-despite-crypto-ban/ - Categories: Crypto, News-old - Tags: crypto, news China might have lost the title of the world’s biggest Bitcoin mining hub to the US after the crypto ban in 2021, but Chinese crypto miner Canaan appears to be undeterred by the ban, going by its quarterly results. Canaan, a leading provider of high-performance computing solutions, released its second-quarter results on 18 August. The company registered a 117% increase in gross profit in the quarter, or about $139 million in USD terms. Net income came in at $91 million, a 149% increase from the same period a year ago. The firm attributed the rise in profit to foreign currency translation, which worked to its advantage this time around compared to previous losses due to the US dollar's appreciation against the RMB. While the profit in the second quarter of the year looks impressive, Canaan noted that it was not easy, especially with Bitcoin (BTC) falling below $20,000 amid the crypto winter. Crypto ban no deterrent To rewind a bit, China shocked the crypto world by banning all crypto operations, including mining and trading, in September 2021. The surprise move pushed many firms to shift their operations to other countries to pursue their expansion plans. However, the financial report from Canaan clearly indicates that the crypto ban in China has not affected the crypto industry in the country. --- ### Crypto market update: 19 August 2022 > It is a mixed session for the broader crypto market. BTC fell 0.55% in yesterday's session extending its losing streak to five sessions. - Published: 2022-08-19 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-19-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news After the week's bullish trend, it is a mixed session for the broader crypto market. Bitcoin (BTC) is currently in the green, but it may fall short of $24,000 for the first time since 9 August. BTC fell 0. 55% in yesterday's session after falling 2. 19% on Wednesday, extending its losing streak to five sessions. Dogecoin (DOGE), the top meme coin, is leading the way down. DOGE and Shiba Inu Coin (SHIB) traded in the red for the second day in a row. DOGE dropped by 6. 85% to $0. 07473, while SHIB fell 8. 80% to $0. 00001348. Total crypto market cap continued the downfall, going below $1,100 billion. Market cap hovered between $1,080 billion and $1,107 billion. Despite the four-day losing streak, the market cap recovered compared to the previous day and at the time of release, the total market cap stands at $1,093 billion. Top gainers and losers Kyber Network (KNC) and AirSwap (AST) are up by 4. 03% and 0. 62%, respectively, while USD Coin (USDC) and Tether (USDT) gained 0. 03% and 0. 06% respectively. However, Ethereum Name Service (ENS) fell 14. 09%, along with Synthetix Network (SNX) which lost 12. 84% and yearn. finance (YFI), which tumbled 12. 62%. Crypto Fear and Greed Index The Fear & Greed Index, a popular market sentiment indicator, rose from 30/100 to 33/100. Despite Bitcoin's failure to revisit the $24,000 level, the Bitcoin Fear & Greed Index rose by 3%, suggesting resilience in investor sentiment. However, the... --- ### BNB Chain to launch Web 3.0 development course across Latin America > BNB Chain has collaborated with Platzi, a Latin America-focused education platform, to launch a Web 3.0 development course for the region in 2022. - Published: 2022-08-18 - Modified: 2024-03-28 - URL: https://coinswitch.co/switch/crypto/bnb-chain-to-launch-web-3-0-development-course-across-latin-america/ - Categories: Crypto, News-old - Tags: crypto, news BNB Chain has collaborated with Platzi, a Latin America-focused education platform, to launch a Web 3. 0 development course for the region in 2022. The course will serve as a useful educational resource for Web 2. 0 developers keen to start building on Web 3. 0. BNB Chain hopes to upskill close to 30,000 developers by the end of this year with this program. The course will be offered in Spanish. The broader context The Latin American region has witnessed an increase in crypto adoption in the recent past. According to a new survey by MasterCard, more than one-third of Latin Americans have made payments in stablecoins for everyday purchases, and close to 11% have used digital assets for payments. And the Latin American region contributes almost 10–11% of the global cryptocurrency activities. However, there is very little awareness or understanding of the crypto ecosystem. The partnership with Platzi is an attempt to address this issue. Gwendolyn Regina, investment director at BNB Chain, told Cointelegraph that better access to such resources is likely to support the development of the region. Countries in the Central American region too are steadily adopting crypto as a mode of payment for everyday items. Honduras, a small country that shares borders with El Salvador, has launched Bitcoin Valley to boost crypto tourism. The small tourist town will accept Bitcoin payments. FAQs What is the BNB chain? The BNB Chain, formerly known as Binance Smart Chain (BSC), is a blockchain developed by Binance, primarily used for... --- ### Ethereum upgrades and corresponding price actions: Everything investors need to know > Ethereum will soon adopt Proof of Stake, which will change how the network verifies transactions. Read about new Ethereum upgrades and how they will impact investors. - Published: 2022-08-18 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/ethereum-upgrades-and-corresponding-price-actions/ - Categories: Altcoins, Crypto - Tags: crypto, ethereum, merge If you have any plans about buying or selling Ether, we urge you to hit pause until the end of this article. Because Ethereum is undergoing what is being touted as a historic upgrade—called the Merge—soon (hopefully on 15/16 September 2022). This article is here to help you look into the past to understand how ETH prices have moved before and after significant ecosystem upgrades like the Merge. We hope that the lessons you take away will help you plan or reassess your next move. Why discussing Ethereum makes sense The Merge is expected to be a watershed moment in the history of crypto. With the Proof-of-Work blockchain transforming into a Proof-of-Stake one, Ethereum’s future looks promising. But wait, isn’t Ethereum still down by 67% from its all-time high of $4,891. 70? It is. Because inflation, talk of a recession, and interest rate hikes have battered the crypto market, and ETH has had to bear a lot of the brunt. But the dip hasn’t made the Merge less desirable, and there seems to be little reason to worry. Why do we think that? Because every time there has been an upgrade, the prices have moved a fair bit. And with the merger, price movements like the current one aren’t unexpected. Tracking Ethereum’s price moves Back in 2015, ETH was at its lowest, $0. 42. Six years later, in November 2021, it’s at $4,900—registering over 11,00,000% gains over that time. A mind-blowing number, right? However, price movements haven’t followed a linear... --- ### After Tether, Aave calls on members to support the Merge > Aave has issued what is known as an ARC. This essentially means Aave is urging its members to choose the Ethereum mainnet running on PoS as the new go-to governance system. - Published: 2022-08-18 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/after-tether-aave-calls-on-members-to-support-the-merge/ - Categories: Crypto, News-old - Tags: crypto, news Aave has issued what is known as an Aave Request for Comment (ARC). This essentially means Aave is urging its members to choose the Ethereum mainnet running on PoS as the new go-to governance system. The ARC was proposed on Tuesday, 16 August 2022. The vote is meant to establish a consensus among members with respect to Aave deployment on Ethereum’s mainnet and Ethereum’s transition. The proposal will be made soon on the Aave governance website. With the ARC, Aave is also giving the authorities power to shut down Aave deployments on any other Ethereum forks. The move has to do with the fact that 72. 6% or $5. 4 billion of Aave’s total value locked resides on Ethereum. In one of its Twitter updates, Aave has stated that it is fully prepared with respect to the upcoming Merge on September 15th. It also said that its codes are fully functional with regard to Ethereum’s algorithm change and that they have been tested on Ropsten and Goerli testnets deploying Aave V3. Recently, to prevent the weaponizing of PoS to create confusion and harm, Tether announced its support for the upcoming Merge. --- ### Rare Bored Ape NFT sells for $1.5 million! > An NFT collector and BAYC superfan going by the name of Vis.eth has managed to bag a rare NFT. Vis.eth added the valuable Bored Ape #5383 to his collection for 777 ETH (approximately $1.5 million). - Published: 2022-08-18 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/rare-bored-ape-nft-sells-for-1-5-million/ - Categories: Crypto, News-old - Tags: crypto, news Despite the ongoing rout in art and collectibles NFT marketplaces, Bored Ape NFTs have managed to draw the attention of collectors and investors once again. An NFT collector and BAYC superfan going by the name of Vis. eth has managed to bag a rare NFT. Vis. eth added the valuable Bored Ape #5383 to his collection for 777 ETH (approximately $1. 5 million). Bored Ape #5383 is the 285th rarest Ape NFT in the 10,000-strong collection of BAYC NFT. The ape in the NFT is a six-trait gold fur with a lumberjack shirt, angry eyes, and a bored unshaven mouth. The most expensive Bored Ape NFT of all time continues to be #8817, which was sold for $3. 4 million. As per the byte given by Vis. eth to Bored Ape Gazette, he wanted to purchase the NFT because of the solid golden fur it features. The fur is considered to be a rare trait in BAYC NFT collections. Vis. eth has a large collection of BAYC NFTs, costing millions of dollars, spread across two wallets. The collection consists of 60+ land NFTs from Yuga Lab’s upcoming metaverse project. The seller, on the other hand, purchased the NFT for just $242,000 in August last year. With this sale, the seller goes home with a handsome profit of 682 ETH or $1. 2 million. Given the prevailing bearish sentiment in the market and the drop in the floor price of BAYC NFTs in the recent past, the transactions are a pleasant... --- ### Fewer fall prey to crypto scams, but hacking-related illicit activities on the rise: Chainalysis report > opular blockchain data platform Chainalysis has released a mid-year crypto crime update report. The report presents data about crypto crimes in July 2022 (compared to the previous year). Here is what it has to say. - Published: 2022-08-18 - Modified: 2024-02-23 - URL: https://coinswitch.co/switch/crypto/fewer-fall-prey-to-crypto-scam-chainalysis-report/ - Categories: Crypto, News-old - Tags: crypto, news Popular blockchain data platform Chainalysis has released a mid-year crypto crime update report. The report presents data about crypto crimes in July 2022 (compared to the previous year). Here is what it has to say. Scam revenue is down As per the report, the total scam revenue through July 2022 came in at $1. 6 billion, which is 65% lower than where it was through July 2021. The top three scams in 2022, which drained close to $650 million of investors’ money, are JuicyFields. io, Unique-Exchange. co, and OmegaPro. World. Fewer fall prey to scams It also appears that fewer people are falling prey to crypto scams. The report explains that while the decline in scam revenue could be due to a drop in the prices of crypto assets, simply going by the cumulative number of deposits made by individuals to scammers, it seems that fewer people are falling prey to crypto scams than ever before. Hacking-related illicit activity increasing One of the concerning developments in the crypto market is the evident increase in the instances of hacking in recent months. As estimated in the report, through July 2022, $1. 9 billion was stolen in hacks. Compare that to the $1. 2 billion stolen in hacks during the same period last year, and you’ll see that the rise is significant. The biggest hack has been the Nomad cross-chain bridge hack. The hackers in that instance siphoned off $190 million. Another important hack was the Solana one. The blockchain’s wallets were... --- ### Crypto market update: 18 August 2022 > After a bullish start to the week, the crypto market witnessed a bit of a sell-off during yesterday’s session. The total market cap of the crypto market went down by close to $50 billion. And Bitcoin is trading below the $23,500 level, down by 2.32% in the last 24 hours. - Published: 2022-08-18 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/market-update-august-18-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news After a bullish start to the week, the crypto market witnessed a bit of a sell-off during yesterday’s session. The total market cap of the crypto market went down by close to $50 billion. And Bitcoin is trading below the $23,500 level, down by 2. 32% in the last 24 hours. The trigger for the sell-off is the US economic indicators (the July retail sales numbers are pretty flat), which were disappointing given the forecast of 0. 1% growth. Another factor is Nasdaq’s performance. The index, which is tracked closely by the crypto community, ended the day in the red zone with a 1. 25% decline. The Fear and Greed Index, which measures investors’ sentiments as per the prevailing market conditions, also pulled back yesterday by 11 points, reaching 30/100. The drop indicates a risk-off sentiment. As per Coinglass data, the total liquidation figure in the last 24 hours stands at $234 million, up by 112%. Key coins Bitcoin Bitcoin has shown a reversal on the 4-hr chart after testing the support at the $23,200 level. However, it needs to break above $23,700 to continue its upside momentum. The $24,000 level continues to be highly resistive, as it has been multiple times in the past. The Relative Strength Index (RSI) is moving up from the oversold territory. That’s a positive sign for the market, but one still needs to be careful with trades. We recommend you Do Your Own Research (DYOR). Ethereum   Since Monday, 15 August 2022, Ether (ETH)... --- ### Nigeria leads the world in crypto curiosity > According to a study released by CoinGecko, Africa’s most populous economy— Nigeria— takes the lead in terms of global crypto curiosity. - Published: 2022-08-17 - Modified: 2024-03-21 - URL: https://coinswitch.co/switch/crypto/nigeria-leads-the-world-in-crypto-curiosity/ - Categories: Crypto, News-old - Tags: crypto, news According to a study released by CoinGecko, Africa’s most populous economy— Nigeria— takes the lead in terms of global crypto curiosity. In a numbered study, Nigeria scored 371, courtesy of the data procured from the global study of Google Trends relevant to keywords like ‘Invest in Crypto’, ‘Buy Crypto’, and more. Following Nigeria are countries like the United Arab Emirates and Singapore with scores of 270 and 261, respectively. Bobby ONG, the co-founder of CoinGecko, considers the findings to be interesting insights, especially in the wake of the recent market pullbacks. He says economies topping the list will have individuals most likely to ‘Buy the Dip. ’ According to ONG, the insights also outline the long-term pro-crypto outlook of these countries. Despite the global sentiments, at CoinSwitch, we always advise caution and a thorough DYOR (Do-Your-Own-Research) strategy. Nigeria’s tryst with crypto The West African country’s love affair with crypto assets is a fascinating tale. It all began when the Nigerian Central Bank came down heavily on crypto assets back in 2021—ordering commercial lenders to refrain from crypto-driven operations and transactions. The CoinGecko study shows that despite the crackdown, Nigerian people developed a special affinity for crypto. As luck would have it, in June 2022, the Nigerian Stock Exchange even proposed a blockchain-powered interface to increase trade outreach. And we all know how closely people associate crypto with blockchain technology. Coming back to the report, Singapore— which is third on the list— has the search focus on Ethereum. Likewise, Georgia, which... --- ### Buenos Aires to run Ethereum’s post-merge validator nodes > Buenos Aires—an Argentine city with high crypto adoption—has decided to set up validator nodes by 2023. Know more here: - Published: 2022-08-17 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/buenos-aires-to-run-ethereum-post-merge-validator-nodes/ - Categories: Crypto, News-old - Tags: crypto, news The Ethereum network will have to rely on validators once it migrates to the Proof-of-Stake ecosystem post-merge. Anticipating this, Buenos Aires—an Argentine city with high crypto adoption—has decided to set up validator nodes by 2023. The development came to light during the recently concluded ETH Latam conference. At the event, Diego Fernandez (Secretary of Innovation and Digital Transformation, Buenos Aires) revealed the capital city’s willingness to become akin to a large computer that runs Ethereum’s core software by 2023. How will the node deployment happen? The city’s governing authority has said that it will work closely with the private companies for deploying the required validator nodes. The validator network, once up, will be responsible for lending resilience, security, and additional scalability to the Ethereum network. Each validator will become a part of the new ‘Consensus System. ’ To put things in perspective, the Merge is expected to happen anytime between 15 September and 19 September, according to Ethereum’s core developers. Are other details available yet? Fernandez refrained from disclosing the exact number of nodes that would be deployed starting in 2023. What we know is that each validator would require 32 Ether for the node to become operational. However, Buenos Aires’s willingness to lend support to the Ethereum community doesn’t come as a surprise. The city always had a special liking for crypto as it allowed its citizens to remit taxes using VDAs (Virtual Digital Assets) in April. With its decision to deploy validator nodes after the Ethereum merge, the... --- ### Polygon surpasses Solana by TVL > Polygon edged past Solana to claim the fifth position in the DeFi space. Read more to know everything that went down. - Published: 2022-08-17 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/polygon-surpasses-solana-by-tvl/ - Categories: Crypto, News-old - Tags: crypto, news Days after Solana wallets experienced a multi-million dollar breach, Polygon edged past Solana to claim the fifth position in the DeFi space. According to the data released by DeFiLlama, Polygon currently has $2. 18 billion in TVL (Total Value Locked). Solana is in sixth place with $1. 66 billion set aside in DeFi TVL. Source: DeFiLlama How did the DeFi power change hands? Solana, as an ecosystem, has been blowing hot and cold over the past few months. Massive sell-off pressure and liquidations have taken a toll on Solana’s TVL since 31 July, reducing it by almost $600 million. Solana started the month at $2. 15 billion TVL, which dropped to $1. 66 billion at the time of writing. To compare, Polygon has been accommodating new protocols like AAVE V3, thereby adding to its DeFi TVL significantly. DeFiLlama figures suggest that Polygon TVL went up by nearly 45. 19% over the past 30 days, while Solana’s monthly TVL gain stands at 6. 57%. Which protocols are still holding strong for Solana? As of now, Solana’s DeFi presence depends on 75 individual protocols. At publishing time, Lido (the liquid staking) protocol seems to be leading the charge with a 52. 33% month-on-month hike in TVL. When it comes to sheer volumes, Solend leads the charge. However, most other protocol TVLs have been bleeding over the past month or so— something that explains Solana’s DeFi dive across August. Why is Polygon soaring? It’s not just about Solana’s dropping TVL. Specific Polygon protocols... --- ### Jump Crypto has a plan to make Solana great again > Jump Crypto—a trading firm builder—has taken the initiative to improve the network’s reliability and throughput. Know more - Published: 2022-08-17 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/jump-crypto-to-fix-solana/ - Categories: Crypto, News-old - Tags: crypto, news Days after Solana revealed that its network is healthy, Jump Crypto a trading firm builder has taken the initiative to improve the network’s reliability and throughput. Jump Crypto plans to revamp a specific segment of Solana’s infrastructure, precisely to make ecosystem slowdowns and outages a thing of the past. How is the plan expected to play out? As a part of its re-upped commitment to make the once-hot Solana network great again, Jump Crypto plans to build a validator client (Firedancer)—adding to the resilience of the blockchain concerned. As we know, validators are instrumental in keeping the Proof-of-Stake blockchains healthy. With this client-building plan, Jump plans to boost the overall scalability of the Solana network while lowering the downtime significantly. https://twitter. com/solanafndn/status/1559529916940619778? s=21&t=11h62Cp0jv_zdzOXTzLb1Q   Software upgrades In addition to building a validator client, which eventually defeats ecosystem attacks, Jump Crypto also plans on proposing upgrades to Solana’s core software. Kevin Bowers, Chief Science Officer at Jump Crypto, will oversee the entire building process. Dan Albert— executive director, of Solana Foundation—speaks very highly of Jump. He believes that with 20+ years of experience in network scaling and building performant software setups, Jump will be a great contributor to the Solana network. He even believes that Jump’s inputs will help Solana scale further, helping it get back on track as Ethereum’s primary competitor. FAQs Why Solana is pumping? Solana's recent price surge could be attributed to its growing adoption and recognition in the blockchain space, fueled by its high transaction throughput and... --- ### Samsung leads investments in blockchain: Report > According to a research report released by Blockdata, Alphabet— tops the list when it comes to blockchain-friendly investments. Know more - Published: 2022-08-17 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/alphabet-tops-investments-in-blockchain/ - Categories: Crypto, News-old - Tags: crypto, news South Korean tech giant Samsung and Google parent Alphabet—a holding company based out of California—figured in the list of companies that have invested in blockchain-related companies, according to a research report released by Blockdata. Samsung participated in 13 funding rounds, investing a total of $979. 26 million. Interestingly, Samsung has the most coverage in terms of companies—with Flowcarbon, Yuga Labs, Atomic Form, Sky Mavix, and Ramper being the leading ones. The Blockdata report tracks investments made by these companies in blockchain-related businesses between September 2021 and June 2022. It has been clarified since that some blockchain companies Google parent Alphabet had invested in—Fireblocks, Dapper Labs, Voltage, and Digital Currency Group—raised about $1. 56 billion overall. It was also disclosed that Google has invested only a small fraction of that amount in blockchain-related firms. However, the exact investment figure hasn't been disclosed yet. According to the research report published on 11 August, BlackRock figures in the list with investments spaced out across three firms. BlackRock has investments in Circle, FTX, and Anchorage Digital— as of June 2022. The companies invested in raised close to $1. 2 billion, in total. Investment bank Morgan Stanley also appears on the list. While there are many other tech and banking giants on the list, Goldman Sachs continues to be a regular on the list with cumulative investments of the involved companies like Certix, Anchorage Digital, and more— amounting to $698 billion, until June 2022. For the uninitiated, an old Blockdata report (up until June 2021)... --- ### Crypto market update: 17 August 2022 > The broader crypto market continues to trade in the green, registering a 2.99% uptick at the time of writing. Read more to know more: - Published: 2022-08-17 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-17-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The broader crypto market continues to trade in the green, registering a 2. 99% uptick at the time of writing. Yes, the bears scared investors off for a bit yesterday when key cryptos like BTC and ETH dipped a bit. Yet, the top guns were back to trading flat by the end of yesterday. Today, as we discuss, bitcoin (BTC) is down by 0. 03%. The minor correction could be some usual profit-taking and might not be anything alarming. Yet, we recommend DYOR (Doing-Your-Own-Research) and caution. ETH, despite the early reds, has moved into the positive territory today, registering a 0. 54% upmove, at release. As for the market drivers, the ‘Merge’ anticipation continues to propel the crypto space further, followed by Polygon surpassing Solana’s total value locked (TVL) last week. For the uninitiated, Polygon currently holds the fifth spot in terms of DeFi TVL (according to DeFillama), marginally behind Avalanche. Key highlights The crypto market continues to look strong despite fears of a deeper correction. As of now, here are the major market highlights that deserve your attention: The global crypto market capitalization stands at $1. 14T, down by half a percentage point over the past 24 hours. Bitcoin’s market dominance dropped under 40% (39. 98% today), opening doors for altcoins. India’s onshore crypto index (CRE8) was trading at ₹3,314. 81 at release, up by a flattish 0. 29%. Key coins When it comes to the top 10 cryptos by market capitalization, Dogecoin (DOGE) and Ripple (XRP) seem to... --- ### Axie Infinity is changing its rewards system > Axie Infinity is changing the rewards system and removing one of its native tokens, Smooth Love Potions (SLP), from the classic gameplay. - Published: 2022-08-16 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/axie-infinity-is-changing-its-rewards-system/ - Categories: Crypto, News-old - Tags: crypto, news Axie Infinity, one of the most popular play-to-earn (P2E), is changing the rewards system and removing one of its native tokens, Smooth Love Potions (SLP), from the classic gameplay. Its two native tokens, SLP and Axie Infinity (AXS), are integral to the P2E game. The move is meant to draw users to its new game mode called Axie Infinity Origin. The reward system change was announced in a blog post titled “Origin Season 0: Phase 3 Is Here. ” This marks the beginning of Phase 3 of its Origin project—a significant advance for Axie. The team highlighted that moving from classic to the new game mode will help “balance the SLP economy. ” In addition to this, NFT runes and charms have been introduced, and charms can be minted on the Ronin network through the marketplace. And the game’s leaderboard rewards have been adjusted. Axie Infinity in 2022 2021 was a magnificent year for P2E, with Axie leading the industry. Even though the crypto tokens of the Axie Infinity project have not performed well during this crypto winter, the NFT transaction volume for the project surged 205% in July. Axie Infinity also made a new all-time high, recording more than $4 billion with NFT sales. While SLP is used for rewards, AXS is the community’s governance token. --- ### Another crypto trading platform for Brazil > Another crypto trading platform XTAGE launched in Brazil. The platform by XP Inc. could bring 3.6 million users into the crypto market. - Published: 2022-08-16 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/another-crypto-trading-platform-for-brazil/ - Categories: Crypto, News-old - Tags: crypto, news Following Nubank and MercadoLibre, a Brazilian brokerage firm has launched another crypto trading platform XTAGE in Brazil. The platform by XP Inc. could potentially bring 3. 6 million users into the crypto market. The Nasdaq Exchange Twitter account announced the news on 15 August. XTAGE is built on technology from Nasdaq—a leading global technology company serving the capital markets and other industries. The new platform can be used to trade two cryptos, Bitcoin (BTC) and Ethereum (ETH), for now. However, the firm told Cointelegraph in May that in the future, it intended to support other digital assets and products based on crypto assets. XTAGE is fully integrated into the XP ecosystem, allowing users to make crypto trades on its existing app. However, in a July interview, XP’s director of financial products, Lucas Rabechini told Reuters that only clients with an investment profile suitable for such operations would be allowed on the platform. Brazil has emerged as a hot spot for the crypto industry in recent years. XP will be competing with popular players like Nubank, the largest digital bank in Brazil and Latin America, and MercadoPago, the fintech arm of MercadoLibre. --- ### Polkadot-based stablecoin depegs after a breach > Stablecoin Acala Dollar (AUSD), a Polkadot-based stablecoin, lost its parity with the US dollar following a breach over the weekend. - Published: 2022-08-16 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/polkadot-based-stablecoin-depegs-after-a-breach/ - Categories: Crypto, News-old - Tags: crypto, news Stablecoin Acala Dollar (AUSD), a Polkadot-based stablecoin, lost its parity with the US dollar following a breach over the weekend. Its price has since begun to bounce back. Multiple news reports say that the Acala protocol was compromised, and an attacker managed to make away with 1. 2 billion AUSD. Misconfiguration resulted in error: Acala Protocol Acala confirmed hours later that an error resulted in the minting of large amounts of AUSD. The team behind the protocol issued a statement, on 14 August, that read, “We have identified the issue as a misconfiguration of the iBTC/AUSD liquidity pool (which went live earlier today), which resulted in significant AUSD error mints. ” The Acala Network has subsequently reported that it had rectified the misconfiguration issue. Also, its team has identified the crypto wallets that received the minted tokens. The team is currently carrying out an on-chain investigation and put all platform operations on hold to ensure the attacker does not move out more tokens. Coinmarketcap. com data indicates that AUSD is barely holding its value at $0. 009739 as of 16 August. 2022: Not a good year for stablecoins The year 2022 has been unlucky for stablecoins, with several of them losing their dollar pegs. The downturn in the fate of stablecoins started with the infamous depegging of Terra USD (UST)—now known as USTC. That depegging had caused the entire Terra ecosystem to implode and more than $40 billion to evaporate from the crypto economy. Soon after, stablecoins like Waves’ Neutrino... --- ### Galaxy Digital terminates BitGo acquisition > The global crypto industry’s first $1 billion dissolves after Galaxy Digital announced that it terminated the acquisition of BitGo. - Published: 2022-08-16 - Modified: 2023-11-23 - URL: https://coinswitch.co/switch/crypto/galaxy-digital-terminates-bitgo-acquisition/ - Categories: Crypto, News-old - Tags: crypto, news The global crypto industry’s first $1 billion deal has not seen the light of day. Digital asset and blockchain leader Galaxy Digital announced on 15 August that it terminated the $1. 2 billion acquisition of digital asset trust company BitGo. Mike Novogratz’s crypto investment firm decided to drop the acquisition because it failed to provide audited financial statements for 2021. Galaxy terminated the deal after BitGo failed to deliver audited financial statements for 2021 by 31 July 2022, as stipulated by the agreement. Galaxy stated that there is no fee to be paid in relation to the termination. However, BitGo has disputed Galaxy Digital’s claim. BitGo argues that the deal was not set to expire until 31 December “at the earliest,” and that Galaxy Digital has failed to pay the $100 million reverse break fee it “promised back in March 2022 in order to induce BitGo to extend the merger agreement. ” Galaxy initially announced plans to acquire BitGo in May 2021 as part of its US IPO plans. Despite multiple delays, Galaxy was expected to complete the acquisition by the end of 2022. What does this mean for its US listings plan? The BitGo acquisition was intended to assist Galaxy Digital in expanding its offerings to institutional investors by adding services such as investment banking, prime lending, and tax services. Despite the deal falling apart, Galaxy is continuing to pursue its plans to list in the United States. It is doing this by reorganizing its operations to become a... --- ### ETH whale transfers 1,45,000 ETH after three years of inactivity > An Ethereum (ETH) whale wallet transferred 1,45,000 ETH on 14 August 2022 which is concerning the ETH community. - Published: 2022-08-16 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/eth-whale-transfers-145000-eth-after-three-years-of-inactivity/ - Categories: Crypto, News-old - Tags: crypto, news An Ethereum (ETH) whale wallet transferred 1,45,000 ETH on 14 August 2022. The total value of the transferred ETH exceeds $280 million. The development is significant especially because we are only a month away from the much anticipated Merge, Ethereum’s official transition from Proof of Work (PoW) to Proof-of-Stake (PoS). The whale address had obtained most of the ETH by taking part in the Genesis Initial Coin Offering (ICO) in 2014. On Sunday, the sum was transferred to multiple wallets, and the transfers were made in batches of 5,000 ETH per transaction. A few transfers did exceed 10,000 ETH. The wallet address currently holds only 0. 107 ETH. This was only the second time the whale wallet was used after the ICO. The one transaction that had taken place before this was three years ago, in July 2019, when the user had sent 5,000 ETH to the Bitfinex3 exchange. ETH community concerns over the transfer of 145,000 ETH  Given the soon-approaching Merge, the ETH community is more vigilant than ever before, and the recent movement of such a large amount of ETH transfers caused quite a stir. Some claim it was an attempt to instigate a mass dump before the Merge. However, it is important to note that most transactions went to unknown wallets rather than an exchange. Even if the whale decides to sell their 1,45,000 ETH, a $250 million selling pressure isn’t considered significant enough to cause a market dump. Others believe that the whale is attempting to... --- ### Crypto market update: 16 August 2022 > Bitcoin dropped by 0.87% yesterday. Ethereum followed with a 1.7% fall, losing ground after breaking through the $2,000 barrier recently. - Published: 2022-08-16 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/crypto-market-update-august-16-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news It was a mixed session for the crypto market yesterday. Bitcoin (BTC) is currently in negative territory. Yesterday, it fell by 0. 87% and ended at $24,102. Earlier, on 14 August 2022, BTC touched $25,203. The last time it visited the $25,000 mark before this was on 13 June 2022. Following BTC was Ethereum (ETH), which touched $1,904, losing ground by 1. 7% after breaking through the $2,000 barrier recently. Memecoins also lost ground after the run-up over the weekend, including the two largest memecoins by market cap. Dogecoin (DOGE) fell 6. % to $0. 07, while Shiba Inu (SHIB) token was down 9. 6%, at $0. 0000153. Meanwhile, the global crypto market cap dropped by 3. 58% over the past 24 hours. The total crypto market cap is up by $65 billion this August. Top gainers and losers It was largely a bearish session yesterday after a bullish weekend. But some coins broke through in the last 24 hours, including sports and entertainment-focused network Chiliz (CHZ), leading the way, rallying by 17. 04%. Machine learning-based blockchain platform Fetch. ai (FET) gained 9. 05%, and decentralized platform IoTeX (IOTX) gained 3. 57%. On the other end, iExec (RLC) leads the way down, falling by 7. 99%. Curve DAO (CRV) and Quantstamp (QSP) are also down by 7. 62% and 7. 52%, respectively. Crypto Fear and Greed Index The Fear and Greed Index, a popular market sentiment indicator, slipped from 45/100 to 44/100. The index saw a modest pullback despite the... --- ### Solana says network healthy, days after the hack > On 10 August 2022, Solana Foundation released a detailed report about the health of its validator network, via a tweet thread. Read more: - Published: 2022-08-12 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/solana-network-healthy-after-hack/ - Categories: Crypto, News-old - Tags: crypto, news On 10 August 2022, Solana Foundation released a detailed report about the health of its validator network, via a tweet thread. The report talks about the validator count, distribution, and other security metrics—a discussion that resurfaced after the recent hack of Slope wallets on the Solana platform. https://twitter. com/solanafndn/status/1557410014490419200? s=21&t=q7Gcg78DfMlHd6oTjd4rHg   Despite facing the heat for network outages and a more-than-needed centralization, Solana has been addressing the health of its mainnet validator network rather aggressively. Solana has added 3,400 validators across six continents. It also included over 1,900 nodes for consensus—making the network more resilient to attacks. Why did Solana release the report now? On 3 August 2022, Solana wallets experienced a multi-million dollar hack. As usual, people started blaming the Solana ecosystem, only to realize that the Slope wallet compromise was to blame for this wallet-wide hack. Since then, Solana has been aggressively talking about ecosystem security and this report finally lets the users look at the spread of nodes and validators—which eventually points to breach resistance. What does the report say? The report suggests that the Solana mainnet isn’t as vulnerable as people make of it. Instead, Solana has a Nakamoto Coefficient of 31 (as of 8 August 2022), which means that at least 31 nodes should be compromised (should collude) to alter block production. Currently, only Avalanche (28) comes close to Solana as far as the Nakamoto Cofficeint is concerned. The likes of Cosmos and Near stand at 7 each. Reports like these seem to be helping... --- ### AAVE focuses on protocol funding after stablecoin approval > After getting its stablecoin (GHO) approved by the community, AAVE—a reputed DeFi and yield farming platform—is now looking V3 funding. - Published: 2022-08-12 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/aave-focuses-on-protocol-funding/ - Categories: Crypto, News-old - Tags: crypto, news After getting its stablecoin (GHO) approved by the community, AAVE—a reputed DeFi and yield farming platform—is now looking for retroactive ecosystem funding. In other words, AAVE is planning to enhance the capabilities of its V3 ecosystem via funding. How is the Version 3 different? Unlike the previous versions, AAVE V3 offers different reward options. This feature helps users leverage the protocol tokens differently without missing out on incentive rewards of any kind. Simply put, V3 allows DeFi enthusiasts to make the most of lending, borrowing, and liquidity, providing ample opportunities. Is AAVE V3 contributing to AAVE’s growth? If you look at the DeFi TVL (Total Value Locked) figures, AAVE V2 and V3 add up to $7. 42 billion. This figure puts AAVE in the list of Top 3 protocols by TVL, next to Lido Finance. If the community approves of the retroactive funding, AAVE— equipped with V3’s diverse capabilities like better stability, improved risk management, and efficiency—can easily displace Lido Finance in the near future. V3 also comes with layer-2 support, and its growth has worked positively for the AAVE token in general. The crypto in question has moved up by over 51. 43% month-on-month, spurred by its new stablecoin. Likewise, Version 3 funding is expected to impact the project favorably. --- ### Strike’s new Visa card lets users earn crypto rewards > Strike, a popular crypto payment app built atop the Bitcoin Lightning Network plans to dive into the Visa card space. - Published: 2022-08-12 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/strike-visa-card-for-crypto-rewards/ - Categories: Crypto, News-old - Tags: crypto, news Strike, a popular crypto payment app built atop the Bitcoin Lightning Network plans to dive into the Visa card space. Announced via Twitter, Strike’s new ‘Strike Visa card’ will allow users to use crypto for payments and earn rewards in the process. https://twitter. com/strike/status/1557828743925727234? s=21&t=q7Gcg78DfMlHd6oTjd4rHg Innovative payment solutions Bitcoin Lightning Network— layer-2 for the Bitcoin network— is meant for faster transactions and payments. Many applications are built on the Lightning Network, and Strike is one among them. In April, Strike struck a deal with Canadian e-commerce firm Shopify to enable merchants to accept payments in crypto. Features of Strike’s Visa card The new Visa card will enable users to buy and sell BTC. In a series of tweets, Strike mentioned that the card would have the send (receive) funds functionality, and users would be able to spend using Google Pay and even Apple Pay (in select countries). Besides this, they can also earn rewards on transactions. Strike said it will donate one percent of profits made from the card for ‘Open-Source’ Bitcoin development. Strike also mentioned that the arrangement would be like “funding Bitcoin with every swipe. ” Few details have been made available regarding the rollout of the new Visa card. As of now, the firm has asked some of its prospective customers to join the waitlist for early access. FAQs Is the Strike app legit? It's a good practice to be cautious when providing personal or financial information within any app, even if it appears legitimate. If you... --- ### Ethereum developers open up about the ‘Merge’ dates > Ethereum developers revealed the merge dates over the ‘Consensus Layer’ call on 11 August 2022. Read more to know the details. - Published: 2022-08-12 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/ethereum-developers-reveal-merge-dates/ - Categories: Crypto, News-old - Tags: crypto, news It appears that all’s well with the eagerly anticipated Ethereum Merge. Core developers handling the ‘Merge’ released two tentative upgrade dates: September 6 and 15. Ethereum developers revealed the same over the ‘Consensus Layer’ call on 11 August 2022. The call saw them outlining details about the separate merge components and the individual upgrades needed to make the merge successful. How do the components, upgrades, and The Merge work together? The upcoming Ethereum merge will see the existing Ethereum mainnet merging with the PoS-supporting Beacon chain to become Ethereum 2. 0. However, the process involves many steps. Developers need to combine the Bellatrix (the consensus layer) and Paris (the execution layer) via two separate hard forks to conclude the merge. As it is a bear market: (Source: Twitter) For those who were not keeping track of this important development, the Bellatrix upgrade is about preparing the Beacon Chain for the upgrade. In contrast, the Paris upgrade is meant to prepare the existing Ethereum mainnet for the grand transition. Coming back to the dates These interim upgrades are supposed to be released as hard forks (not contentious ones). Bellatrix upgrade could happen on 6 September, whereas core developers might be eyeing 15 September for the Paris upgrade. Can there be any blockers? Every upgrade happens at a specific block. The faster the block arrives, the better it is for the upgrade seekers. In theory, the final Merge happens anytime after the Bellatrix upgrade. However, if the computing power (hash rate) specific... --- ### Curve Finance keeps faith in ENS domains after frontend hack > Curve Finance put out a tweet, suggesting users move to Ethereum Name Service (ENS) domains instead of sticking with DNS after the hack. - Published: 2022-08-12 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/curve-finance-recommends-ens/ - Categories: Crypto, News-old - Tags: crypto, news Curve Finance suffered a frontend attack on Tuesday, forcing the decentralized exchange to take a closer look at the hack. The post-mortem revealed that the exploit was a ‘cache poisoning’ act specific to the domain name system (DNS). Simply put, this attack was all about compromising the DNS cache—ensuring that the web browser returns incorrect responses. The attack led to a loss of about $570,000 in ETH. On Thursday, Curve Finance put out a tweet, suggesting users move to Ethereum Name Service (ENS) domains instead of sticking with DNS. Curve also referred to ENS as DNS’s crypto equivalent. https://twitter. com/curvefinance/status/1557505570533478403? s=21&t=7oeLEEmDfEAErjb1Njf0og On the other hand, the popularity of ENS domains has been growing steadily as the merge approaches. In July alone, nearly 1. 8 million ENS (. eth) domains were bought. ENS. eth (the official ENS page) reported the following stats for July: 378K new registrations  5,400 ETH in terms of revenue 48K new . eth accounts (excluding renewals) With Curve batting for ENS domains as a safeguard against front-end hacks, we can expect . eth to soar even higher. Tried and tested over time, this domain-specific service relevant to the Ethereum ecosystem is far more resilient to front-end attacks such as the one experienced by Curve Finance. FAQs Has Curve Finance ever been hacked? There had been incidents related to vulnerabilities and hacks in the decentralized finance (DeFi) space, and Curve Finance, being a DeFi protocol, was not immune to such risks. However, I don't have real-time information, and... --- ### Crypto market update: 12 August 2022 > The last 24 hours saw the broader crypto market correcting a bit—dipping by a marginal 1.01%. Read more to know how the market behaved. - Published: 2022-08-12 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-12-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The last 24 hours saw the broader crypto market correcting a bit—dipping by a marginal 1. 01%. Despite the day-on-day dip, the week has been spectacular, returning unrealized gains of almost over 5%. Talks about the upcoming Ethereum merge dominated most of the weekly conversations, followed by Netflix’s foray into the metaverse, Iran’s pro-crypto approach, and Taiwan opening its doors to Web 3. 0. Key highlights It’s a Friday, but for the broader crypto space, it is only the fifth day of an event-packed week. Before we head into the weekend, here are the key market highlights to take note of, especially for investors, traders, and HODLers. The total market volume dropped by 4. 38% over the past 24 hours, showcasing a minor dip in trading action. Bitcoin’s dominance dipped by 0. 31% to hold steady at 40. 06%. CRE8—India’s first onshore crypto rupee index— corrected by 0. 96% in the last 24 hours. Key coins While the highlights help you zoom out a bit, here are some of the key cryptos that moved the most in the last 24 hours. Ankr, a multi-chain provider focusing on infrastructure, saw its native token ANKR soar by 60. 85%. The project gained after it launched its token staking feature and received fresh capital. ANKR’s trading volume is also up by 1,357%. Following ANKR is Ethereum Classic (ETC), which gained 8. 47% day-on-day and over 196. 41% over the past month. Speculations regarding a new Proof-of-Work fork for Ethereum, expected immediately after the... --- ### Ripple expresses interest in buying Celsius assets > Ripple Labs has shown interest in purchasing assets of bankrupt crypto lender Celsius Network. - Published: 2022-08-11 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/ripple-expresses-interest-in-buying-celsius-assets/ - Categories: Crypto, News-old - Tags: crypto, news Ripple Labs, the blockchain payments company behind the XRP token, has shown interest in purchasing assets of bankrupt crypto lender Celsius Network. According to a company spokesperson, Ripple is interested in learning about Celsius and exploring whether it could be relevant to Ripple’s business. When asked if Ripple intended to fully acquire Celsius, the spokesperson refused to comment. While a full-blown acquisition has not been confirmed, CEL, Celsius’ native utility token, rose by 23% on 10 August 2022 in response to the news. Celsius was one of the victims of the harsh crypto market turmoil. Celsius froze user withdrawals in June, citing “extreme” market conditions. It then hastily cleared debts accrued on various DeFi loans, reclaimed its collateral, and finally filed for bankruptcy last month, listing a $1. 19 billion deficit on its balance sheet. The chances of the company’s creditors getting any of their money back look bleak. Ripple, on the other hand, has continued to grow despite the crypto market turmoil. After buying back stock from its Series C raise in December 2019, Ripple was valued at $15 billion in January. According to a July company report, it sold $408 million in XRP from April to June, a significant rise since last quarter. Ripple has not attempted to strike any such major deals before. FAQs Who will buy Celsius Network? Celsius Network, a crypto lender, went through bankruptcy proceedings, and various reports suggest potential buyers or entities involved in its acquisition:Fahrenheit Consortium: Fahrenheit, a crypto consortium, successfully won... --- ### Ethereum’s third and final testnet is live  > The third and final Ethereum testnet, Goerli, is now live. Goerli was the last of three public testnets before The Merge. - Published: 2022-08-11 - Modified: 2023-12-15 - URL: https://coinswitch.co/switch/crypto/ethereums-third-and-final-testnet-is-live/ - Categories: Crypto, News-old - Tags: crypto, news The third and final Ethereum testnet, Goerli, is now live. The test merge that made this possible took place around 9. 50 pm ET on Wednesday. Goerli was the last of three public testnets before The Merge, the highly anticipated Ethereum switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Goerli going live opens up the possibility of The Merge being advanced. https://www. youtube. com/watch? v=7WVm7ZXgjfk&ab_channel=CoinSwitchKuber The details The blockchain network completed the Ropsten test merge in June and Sepolia in July. The two previous testnet merges were successful and boosted the confidence of the Ethereum community. The Goerli testnet merge is also a success but the final verdict will be determined after a thorough evaluation of the upgraded network. With the completion of Goerli, the next step will be to implement The Merge on the Ethereum mainnet. The Merge is supposed to make the network more energy-efficient and cheaper to use, and the test merges served as a kind of practice session. The test merges ensure that the client software used to run Ethereum nodes, such as Nethermind, Besu, Geth, and Erigon, are functioning normally and without bugs. How are things evolving now? The final upgrade is currently scheduled for September, but things could change now. With crypto developers and ETH fans already eagerly anticipating the final Merge, the latest test merge caused ETH to rise by 7. 52% yesterday. The crypto has also reclaimed a $225 billion market cap. FAQs Is there an Ethereum testnet? Yes, Ethereum has several testnets... --- ### Polygon now has over 37,000 dApps! > The number of dApps on Polygon now surpasses 37,000—a 400% increase since the beginning of the year. - Published: 2022-08-11 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/polygon-now-has-over-37000-dapps/ - Categories: Crypto, News-old - Tags: crypto, news Ethereum scaling platform, Polygon has managed another big win. The number of dApps on Polygon now surpasses 37,000—a 400% increase since the beginning of the year. The figure represents the total number of applications launched on both the testnet and the mainnet. The rise corresponds with a hike in the number of monthly active teams for the blockchain reaching 11,800 in July (up from 8,000 in March). Polygon shared the figures, on 10 August 2022, on their official blog website. The numbers are in accordance with the latest data from Alchemy, the world’s leading Web 3. 0 development platform. The data also shows that many projects are choosing to build solely on Polygon. As many as 74% of teams integrated exclusively on Polygon, while 26% deployed on both Polygon and Ethereum. A single team can have multiple dApps on the chain. According to the blog post, Polygon’s adoption of Alchemy was what boosted the popularity of new Decentralized Finance (DeFi) applications and Non-Fungible Tokens (NFTs) on the blockchain. Polygon has over 142 million unique user addresses and $5 billion in assets. It has processed more than 1. 6 billion transactions. Polygon’s EVM-compatible Proof-of-Stake (PoS) transaction verification mechanism serves as a hub for several key Web 3. 0 projects, including Aave, Uniswap V3, and OpenSea, as well as the Lazy. com and Mark Cuban-founded Lazy. com. Furthermore, companies like Meta, Adobe, Stripe, Telefonica, and Dolce & Gabbana have chosen Polygon as their default gateway into Web 3. 0 because of its... --- ### Nvidia steps up effort to make metaverse more realistic  > Nvidia unveiled a new set of metaverse-focused developer tools, including new AI capabilities, simulations, and other creative assets. - Published: 2022-08-11 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/nvidia-steps-up-effort-to-make-metaverse-more-realistic/ - Categories: Crypto, News-old - Tags: crypto, news Nvidia, an American multinational technology company, is stepping up its efforts to establish a presence in the metaverse. On 9 August, the company unveiled a new set of metaverse-focused developer tools, including new AI capabilities, simulations, and other creative assets. According to Nvidia, one of the primary functions of the tools will be to aid in the creation of “accurate digital twins and realistic avatars. ” Simply put, that means the new features will make life in the metaverse more realistic. The new features will be available for creators who use the Omniverse Kit, as well as apps like Nucleus, Audio2Face, and Machinima. Nvidia Omniverse, a real-time graphics collaboration platform created by Nvidia, is a platform for developers creating 3D simulations that can be added to the metaverse. Other additions include the Omniverse Avatar Cloud Engine (ACE), which developers claim will improve building conditions of “virtual assistants and digital humans. ” Nvidia PhysX, an “advanced real-time engine for simulating realistic physics,” is another tool being introduced. With it, developers can include realistic reactions to metaverse interactions that follow physical laws. So far, Nvidia’s AI technology has played an important role in creating spaces for social interaction in the digital universe. The new releases indicate that Nvidia is on the right track as far as its plans to make the metaverse more realistic are concerned, and there is every chance that the metaverse will expand and surpass $50 billion in the next four years. --- ### Iran takes to using crypto for imports  > Iran has placed its first import order using crypto. The order was placed using $10 million worth of crypto. - Published: 2022-08-11 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/iran-takes-to-using-crypto-for-imports/ - Categories: Crypto, News-old - Tags: crypto, news In a first for the country, Iran has placed its first import order using crypto. The order was placed using $10 million worth of crypto, according to Alireza Peyman-Pak, Iran’s deputy minister of Industry, Mining, and Trade. The news was announced through a tweet. While Peyman-Pak did not reveal details about the crypto used or the imported goods, he stated that the $10 million order is the first of many international trades to be settled with crypto. Iran plans to increase the use of cryptos and smart contracts in foreign trade with target countries. Iran’s relationship with crypto  Iran’s step toward the use of crypto for import orders does not come as a surprise. The Islamic nation had plans to embrace cryptos as early as 2017. In 2019, the government legalized crypto mining, took action to regulate the sector strictly, and last year, it cracked down on local miners over energy use. In 2020, the government amended the country’s digital assets law to allow locally mined crypto for import payments. In June 2021, the Iranian Trade Ministry issued 30 Iranians operating licenses to mine crypto, with the caveat that the mined coins be sold to Iran’s central bank. Iran is now using those coins to pay for imports. That move is what has enabled Iran to become a popular destination for Bitcoin miners. The country currently accounts for 4. 5% of global mining activity, according to Reuters. FAQs Does Iran accept cryptocurrency? Iran has shown interest in exploring the use... --- ### Crypto market update: 11 August 2022 > Ether (ETH) leads the market with a 7.52% jump, as Goerli sways the market sentiment and provides strong support. - Published: 2022-08-11 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/crypto-market-update-august-11-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The broader crypto market had a bullish session yesterday. The total crypto market cap slid to an early low of $1,050 billion before steadying. Later during the day, the total crypto market cap surged to a high of $1,127. The global crypto market cap increased by 6. 49% over the day. Currently, $36. 4 billion has flooded in, taking the market cap to $1,110 billion. Ether (ETH) leads the market with a 7. 52% jump, as Goerli—one of the largest and most active Ethereum test networks—sways the market sentiment and provides strong support. ETH is followed by Bitcoin (BTC), which revisited the $24,000 handle for the second time in 10 sessions. BTC gained 3. 47% on Wednesday and closed the day at $23,960, reversing a 2. 78% drop from the previous day. With Bitcoin revisiting the 24k resistance level, the Fear and Greed Index—a measure of market sentiment—increased from 31/100 to 41/100, reversing Tuesday’s drop (from 42/100 to 31/100). This leaves the index on the border of the neutral zone. The index last visited the neutral zone on 6 April; if it revisits the neutral zone, Bitcoin may achieve the 25k to 30k level. Key gainers The top gainers from yesterday’s session are cloud platform for renting computing power and data iExec (RLC), with a massive increase of 46. 27%, followed by the decentralized marketplace for computing power, Golem (GLM), with 34. 68%, and crypto lending platform Aave (AAVE) which saw a 17. 39% jump. --- ### Number of bitcoin ATMs: 39,000, and counting > There seems no holdback in the installation of bitcoin ATMs worldwide. According to coinatmradar.com, the number of bitcoin ATMs surpassed the 39,000 mark on August 8, 2022. - Published: 2022-08-10 - Modified: 2024-04-02 - URL: https://coinswitch.co/switch/crypto/number-of-bitcoin-atms-39000-and-counting/ - Categories: Crypto, News-old - Tags: crypto, news There seems to be no holdback in the installation of Bitcoin ATMs worldwide. According to coinatmradar. com, the number of Bitcoin ATMs surpassed the 39,000 mark on August 8, 2022. Yet, it took almost 4. 5 years to increase the count of number of Bitcoin ATMs from 1,000 to 39,000 globally. After the slowdown in installations after the crypto market crash in 2018, the pace of installation picked up pace only after September 2020. Currently, 614 crypto ATM operators have installed 39,011 bitcoin ATMs in 78 countries with North America dominating the count of Bitcoin ATMs worldwide with 37,081 bitcoin ATMs. In terms of geographical distribution of Bitcoin ATMs, the US has a share of 87. 9%, while Canada commands 6. 3%. Europe has a market share of 3. 8%, and the rest of the world commands a market share of 4. 9%. However, despite registering a 3,925% growth in the last 4. 5 years, the number of new installations has slowed down in recent months due to the downturn in the crypto market. Patrick Mueller of Coin ATM Radar commented on the development: “The customers are less active, hence the operators get less volume, hence don't grow that fast and don't install that many ATMs. ” On another encouraging note, Japan, which is a crypto-friendly country, will see its first Bitcoin ATM launch after a gap of four years. Local crypto exchange firm Gaia Co. Ltd. has announced that it will soon launch ATMs—locally known as BTMs—in the country.... --- ### Mainstream crypto adoption seen to grow in the next two years > a new survey conducted by Deloitte in the US found that crypto adoption will continue to grow in the next two years. - Published: 2022-08-10 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/deloitte-sees-mainstream-crypto-adoption-growing-in-the-next-two-years/ - Categories: Crypto, News-old - Tags: crypto, news Bringing cheer amid the bearish sentiment prevailing in the market, a new survey conducted by Deloitte in the US found that crypto adoption will continue to grow in the next two years. About 75% of US retailers have plans to accept crypto and stablecoins as a mode of payment in the next two years. And, about 87% of the retailers in the survey feel that firms accepting cryptos as payment have a competitive advantage. In fact, the survey also found that 93% of the retailers who accept cryptos as payment have seen a positive impact on their business in terms of customer perception, customer base growth, and improved customer experience. According to the data from crypto. com, the global crypto adoption rate is increasing steadily and is expected to reach 1 billion users worldwide by the end of 2022 from just over 300 million users at the beginning of 2021. Retailers gear up to enable payments in crypto According to Deloitte, large retailers with more than $500 million in revenue have earmarked over $1 million to build the infrastructure required to enable digital currencies as a payment option. However, retailers have also acknowledged that there are challenges in integrating cryptos as a payment option into their existing financial infrastructure. For instance, 45% of the respondents feel that integrating cryptos as a payment option into their existing financial infrastructure is a challenge, whereas, 44% of respondents feel that complexities around integrating various digital currencies pose another challenge. The survey also confirms... --- ### Tether, too, backs Ethereum’s proof-of-stake transition > Tether, the issuer of the world’s largest stablecoin, USDT, which has a circulating supply of 66.65 billion USDT, has confirmed its support for Ethereum’s proof-of-stake transition. - Published: 2022-08-10 - Modified: 2024-03-28 - URL: https://coinswitch.co/switch/crypto/tether-too-backs-ethereums-proof-of-stake-transition/ - Categories: Crypto, News-old - Tags: crypto, news Tether, the issuer of the world’s largest stablecoin, USDT, which has a circulating supply of 66. 65 billion USDT, has confirmed its support for Ethereum’s proof-of-stake transition. The development comes after Circle, the issuer of USDC stablecoin, pledged their support to Ethereum’s highly anticipated upgrade. Being one of the most important developments in the crypto market, it is important that all major players in the market remain on the same page to avoid confusion, which could impact the stability of the crypto market. In the blog post, Tether mentioned, “Tether believes that in order to avoid any disruption to the community, especially when using our tokens in DeFi projects and platforms, it’s important that the transition to POS is not weaponized to cause confusion and harm within the ecosystem. ” “For this reason, Tether will closely follow the progress and preparations for this event and will support POS Ethereum in line with the official schedule. We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens. ” One of the prime reasons for Tether and Circle to lend support to the upcoming transitions is that large stablecoin issuers can influence the development and choose to support any single state of the chain of their choice to process redemption. Earlier, Vitalik Buterin also flagged that such a large stablecoin issuer could influence future Ethereum hard forks, depending on which chain they choose to support. The last major hard... --- ### Website of DeFi protocol Curve hacked; $570k stolen > The primary website of decentralized crypto exchange Curve.Finance got compromised in the latest instance of hacker exploits of crypto platforms. - Published: 2022-08-10 - Modified: 2024-03-28 - URL: https://coinswitch.co/switch/crypto/website-of-defi-protocol-curve-hacked-570k-stolen/ - Categories: Crypto, News-old - Tags: crypto, news The primary website of the decentralized crypto exchange Curve. Finance got compromised in the latest instance of hacker exploits of crypto platforms. According to publicly available information, about $570,000 worth of crypto tokens were stolen by hackers. The hack was discovered when a researcher at Paradigm tweeted that Curve’s front end had been compromised. Following the news of the hack, the price of CRV tokens dropped by over 10% to $1. 28. How was it done? According to reports, the hacker used a Domain Name Service (DNS) spooking hack, cloning the website and redirecting the DNS point to their IP address. The hackers then added an approval request to a malicious contract which enabled them to steal the funds. Users who were connected to the MetaMask wallet were at greater risk of having their funds stolen. Remedial action On discovering the hack of their website, Curve. Finance team asked users to revoke any contract approval on its platform and advised them not to use curve. exchange or curve. fi until the developers locate the source of the exploit. The hackers tried to move the stolen funds through FixedFloat, a crypto exchange on the Bitcoin Lightning Network. However, developers on Curve. Finance were able to successfully freeze and recover roughly $200,000 of the stolen funds. The incident comes days after the hack of Solana wallets, in which close to $8 million of investors’ wealth was stolen and over 8,000 wallets compromised. FAQs Has Curve Finance ever been hacked? Yes, Curve Finance... --- ### Reserve Bank of Australia to study use cases of CBDC > The Reserve Bank of Australia on Tuesday said it is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) to explore use cases of central bank digital currency (CBDC) in the country. - Published: 2022-08-10 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/reserve-bank-of-australia-to-study-use-cases-of-cbdc/ - Categories: Crypto, News-old - Tags: crypto, news The Reserve Bank of Australia on Tuesday said it is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) to explore use cases of central bank digital currency (CBDC) in the country. According to the news release, the project will focus on finding relevant use cases for CBDCs in Australia, a country known for its well-developed payments and settlement system. The study will also explore the economic benefits of introducing CBDCs. CBDCs are digital tokens issued by the central bank, which represent the country’s fiat currency. Unlike Bitcoin, which exists on the public blockchain, CBDCs exist on the private blockchain. Collaborating with industry participants The project will help the central bank understand the legal, technological, and regulatory aspects associated with issuing CBDCs. It will be a limited-scale pilot study that will involve the development of a pilot CBDC that will operate in a ring-fenced environment for a period of time. Interested business participants will be invited to develop specific use cases around the CBDC that could be used to provide innovative and value-added payment and settlement solutions to businesses and households. It is expected that the pilot study will run for a year. The findings from the study will contribute to ongoing research into the desirability and feasibility of launching a CBDC in Australia. “This project is an important next step in our research on CBDC. We are looking forward to engaging with a wide range of industry participants to better understand the potential benefits a CBDC could bring to... --- ### Crypto market update: 10 August 2022 > The crypto market reversed its momentum in Tuesday’s session and turned bearish, even as the total market cap dropped from $1.12 trillion to $1.08 trillion. - Published: 2022-08-10 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/crypto-market-update-august-10-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The crypto market reversed its momentum in Tuesday’s session and turned bearish, even as the total market cap dropped from $1. 12 trillion to $1. 08 trillion. NASDAQ 100, the technology-heavy index which is tracked closely by crypto investors, declined for the third consecutive session, with its 1. 19% fall weighing on the crypto market. Bitcoin (BTC) also failed to revisit the $24,000 level, which has turned extremely resistive. Despite easing recessionary fears, the upcoming release of US inflation data on Wednesday kept investors on their toes. If there is another spike in inflation data, it could force the Federal Reserve to implement a large interest rate hike, which can worsen the market sentiment. Investors need to watch out for this data and how the market reacts to the numbers. The Crypto Fear & Greed Index, which spiked to 42 in Monday’s session indicating an easing of fear in investors’ minds again turned back and is currently at 31/100. Measured on a scale of 0-100, a lower score indicates fear, while a higher score quantifies greed. Price outlook for BTC, ETH On the four-hour chart, BTC is facing extreme resistance at the $24,000 level, and in yesterday’s session, it turned back and dropped to the $22,900 level, which is providing support. The next support is at the $22,180 level and $20,740. The US inflation data and the Nasdaq’s reaction to the numbers would give a clue to the next possible price movement. Compared to BTC, the drop in the price... --- ### Gaming platform MetaverseGo raises $4.2 million > MetaverseGo raises $4.2 million seed funding round. Funds to be used for software development, hiring, and onboarding blockchain-based games. - Published: 2022-08-09 - Modified: 2024-01-29 - URL: https://coinswitch.co/switch/crypto/gaming-platform-metaversego-raises-4-2-million/ - Categories: Crypto, News-old - Tags: crypto, news Mobile gaming platform MetaverseGo announced that it has completed a $4. 2 million seed funding round. MetaverseGo provides gamers easy access to play-and-earn games, guild participation, NFT collection, and other decentralized applications. The funding round was led by Galaxy Digital’s Galaxy Interactive unit with participation from Delphi Digital, Dragonfly Capital, and Mechanism Capital, among others. The platform, which will be launched during the next month, will allow users to sign up with just their phone number. It will offer access to games such as Axie Infinity and CyBall. What will the company do with the money? MetaverseGo is planning to use the money raised for software development, securing collaboration with telecommunications companies, and hiring. In addition, the company will use the funds to ease onboarding for blockchain-based games. Onboarding is a part of the challenge for blockchain-based games. It involves steps like obtaining a wallet, purchasing crypto, and purchasing gaming assets—which can be difficult for new players. What does this mean for the future of blockchain gaming? According to Dapp Radar, gaming dApps accounted for 52% of all blockchain activity in the second quarter of 2022. However, compared to the hundreds of millions of people who play mobile games every day, only about one million play blockchain-based games. So, with platforms like MetaverseGo, blockchain games are set to change the course of gaming. What is MetaverseGo and what does it do? MetaverseGo is not a widely recognized term or entity as of my last knowledge update in January 2022. It's... --- ### CoinSwitch launches corporate venture capital initiative, Web3 Discovery Fund  > CoinSwitch Web3 Discovery Fund will invest in early-stage startups that are trying to build blockchain solutions in the Web3 landscape. - Published: 2022-08-09 - Modified: 2023-08-30 - URL: https://coinswitch.co/switch/crypto/coinswitch-launches-corporate-venture-capital-initiative-web3-discovery-fund/ - Categories: Crypto, News-old - Tags: crypto, news CoinSwitch has announced the launch of a corporate venture capital initiative called the Web3 Discovery Fund. The fund will invest in and incubate early-stage startups that are trying to build blockchain solutions in the evolving Web3 landscape. The Web3 Discovery Fund will essentially be curating portfolio startups for evaluation by marquee global investors. It will also provide single-window access to Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, and Elevation Capital (ex-SAIF partners), as well as Buidlers Tribe, an incubation partner. The fund’s early-stage portfolio startups can apply for AWS Activate Portfolio, a program that helps startups to build their companies. They will be eligible to receive AWS credits, technical support, training, resources, and more to accelerate their growth. The startups also stand to benefit from the in-house capabilities, ecosystem network, and 18 million-strong user base at CoinSwitch. Explaining the decision to launch the fund, Ashish Singhal, the co-founder and CEO of CoinSwitch, said, “The venture program is a result of our firm belief that India will be the launchpad for population-scale Web3 projects. To realize this vision of #MadeinIndia Web3, we have to identify and enable entrepreneurs and early-stage startups leveraging the potential of Crypto to solve real-world problems unique to India. That’s the raison d'être of the Web3 Discovery Fund. ” FAQs What is the Web3 Discovery Fund? The Web3 Discovery Fund is a financial initiative that supports projects and ideas in the Web3 ecosystem. It provides funding to innovative concepts that contribute to the... --- ### Dogecoin is more promising than Cardano: Mark Cuban > Mark Cuban says that Dogecoin has more applications than Cardano interview with YouTube channel AltcoinDaily. - Published: 2022-08-09 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/dogecoin-is-more-promising-than-cardano-mark-cuban/ - Categories: Crypto, News-old - Tags: crypto, news In a recent interview with YouTube channel AltcoinDaily, Shark Tank star and billionaire Mark Cuban has said that Dogecoin has more applications than Cardano. In Cuban’s assessment, while Cardano has had smart contracts for almost a year, its impact is limited. Cuban also claimed that people in Africa are not using the blockchain as much as was expected. This is not the first time the billionaire investor has questioned Cardano’s utility. Last May, Cuban tweeted that he was unaware of any potential use cases for the popular proof-of-stake (PoS) blockchain. Other things Cuban said during the podcast The hour-long podcast with crypto as the central topic of discussion went beyond Cuban’s thoughts on Dogecoin and Cardano, though. Expressing concerns about the lack of innovation in the crypto space, he said, “rather than seeing true innovation, you see replication. ” When the conversation moved to the upcoming Ethereum Merge, Cuban said there was a lot of uncertainty around the crypto’s transition to proof-of-stake. He also weighed in on the subject of regulation, criticizing the US Securities and Exchange Commission’s “regulation by litigation” approach. --- ### Crypto.com acquires startups in South Korea > Crypto.com has recently acquired two companies in the country and secured registration under the Electronic Financial Transaction Act. - Published: 2022-08-09 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/crypto-com-acquires-startups-in-south-korea/ - Categories: Crypto, News-old - Tags: crypto, news Singapore-based crypto platform Crypto. com is all set to make inroads into South Korea. The platform has recently acquired two companies in the country and secured registration under the Electronic Financial Transaction Act. The news broke in the midst of Korea Blockchain Week 2022 after the company announced its acquisition of payment provider PnLink Co. Ltd. and digital asset exchange OK-Bit Co. Ltd. on Twitter. What the acquisition means The move means Crypto. com will be able to provide crypto asset exchange and custody services in the country. And the registration under the Electronic Financial Transaction Act keeps them in compliance with the law regarding the safety and reliability of electronic financial transactions. While it is unclear whether these approvals and acquisitions will require additional regulation, they are a step toward providing the industry and South Korean crypto users with more official approval and security. Not a first for Crypto. com The win in South Korea is not Crypto. com’s first. In July this year, Crypto. com received regulatory approval from two European countries, Italy and Cyprus. The approval in Greece was by the Hellenic Capital Market Commission, a virtual asset license in Dubai. The platform received its payment institution license in Singapore from the Monetary Authority there. --- ### US Treasury Department blacklists Tornado Cash for alleged money laundering > The US Treasury Department imposed sanctions on Tornado Cash accusing it of laundering billions of dollars in virtual currency. - Published: 2022-08-09 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/us-treasury-department-blacklists-tornado-cash-for-alleged-money-laundering/ - Categories: Crypto, News-old - Tags: crypto, news The US Treasury Department imposed sanctions on Tornado Cash, a crypto mixer platform, accusing it of laundering billions of dollars in virtual currency. Crypto mixers are platforms used to cover fund trails. They do this by blending a user’s tokens with a pool of other users’ assets on the platform. Such platforms go beyond traditional crypto platforms when it comes to concealing the identities of those involved in transactions. On 8 August, the Department’s Office of Foreign Assets Control (OFAC), a watchdog agency tasked with preventing sanctions violations, added Tornado Cash to its Specially Designated Nationals list—a running tally of blacklisted people, entities, and crypto addresses. With this move, the Department has banned the use of Tornado Cash and added 44 USD Coin (USDC) and Ether (ETH) addresses linked to the mixer to its list of Specially Designated Nationals. According to the department, the mixer was used to launder more than $7 billion in crypto since 2019, including the $455 million stolen by the North Korean-linked Lazarus Group. The protocol was also at the heart of some recent decentralized finance hacks and exploits, including a $375 million attack on Wormhole in February and a $100 million hack on Horizon Bridge in June. Tornado Cash’s actions follow sanctions imposed on another popular service, Blender. io, in May 2022. Blender. io allegedly handled funds for Russian ransomware attacks. --- ### Crypto market update: 9 August 2022  > The crypto market is off to a good start this week, led by Ethereum (ETH) and Polkadot (DOT). Polkadot saw a 7.3% rise. - Published: 2022-08-09 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/crypto-market-update-august-9-2022/ - Categories: Crypto, Market Update, News-old - Tags: crypto, market update, news The crypto is off to a good start this week, led by Ethereum (ETH) and Polkadot (DOT). Polkadot saw a 7. 3% rise, while Solana—another key gainer—was up 3. 6%. Meanwhile, Bitcoin touched $24,203 briefly in yesterday’s session—its highest since the end of July. Ethereum rallied to $1,806, its highest since early June. The global crypto market is steady after yesterday’s early low and late pullback. The global crypto market cap is currently $1. 12T, with a 1. 86% increase since yesterday. Crypto Fear and Greed Index The week began on a positive note, with BTC providing a much-needed boost to the Fear & Greed Index—a tool to gauge the crypto market. The index rose from 30/100 to 42/100, bringing the number up to the previous high on 30 July. The Index improved after BTC reached the $24,000 resistant level for a brief moment yesterday. BTC rallied by 2. 75% and ended the day at $23,818. Top gainers and losers Republic Protocol (REN) leads the way, rallying by 36. 81%. Indexing protocol The Graph (GRT) and decentralized blockchain Harmony (ONE) also did well. They gained 14. 41% and 8. 81%, respectively. On the other hand, yesterday’s top gainer, AirSwap (AST), led the way downward, falling by 8. 64%. Quantstamp (QSP) and Theta Network (THETA) also see significant losses—3. 37% and 3. 31%, respectively. --- ### TownSquare wins Bengaluru’s 24-hour blockchain hackathon > Building Future Cities,’ a blockchain hackathon jointly organized by Startup Karnataka, Bengaluru South MP Tejasvi Surya, and CoinSwitch concluded in Bengaluru on August 6, 2022. - Published: 2022-08-08 - Modified: 2023-12-18 - URL: https://coinswitch.co/switch/crypto/townsquare-wins-bengalurus-24-hour-blockchain-hackathon/ - Categories: Crypto, News-old - Tags: crypto, news ‘Building Future Cities,’ a blockchain hackathon jointly organized by Startup Karnataka, Bengaluru South MP Tejasvi Surya, and CoinSwitch concluded in Bengaluru on August 6, 2022. The 24-hour hackathon received more than 2,000 registrations, with about 150 teams fighting it out to present the best blockchain-based solutions to urban issues. Blockchain-powered solutions to urban issues TownSquare—a team that ideated and developed a blockchain-powered platform to address community issues—emerged as the winner. TownSquare focuses on identifying civic issues and helping citizens vote on issues that need solutions. Marvelous, a project that plans to leverage blockchain to bring more transparency to the real-estate sector came second, while Tautotree, a project meant to improve the state of urban forestry, was declared the second runner-up. "It was inspiring to see young developers from different parts of the country develop blockchain solutions that address the real-world problems of Indians. At CoinSwitch, we believe this hackathon will kickstart an innovation cycle that will lead us to a blockchain-powered India," said Vimal Sagar Tiwari, co-founder and COO, CoinSwitch. The 24-hour hackathon saw three other finalists, including he_Turing (a contribution acknowledgment project), Finoverse (a permission ecosystem for setting up an audit trail), and Naaleba (a transparent workflow between government officials and citizens using digital identities). Giving away the awards, Tejasvi Surya said, “For any country to progress, to be a superpower in the true sense, investing in foundational technologies and investing in emerging technologies is a non-negotiable policy requisite. ” The hackathon, which had a prize pool of ₹6... --- ### Coca-Cola extends a friendly hand with NFT airdrops on Polygon - Published: 2022-08-08 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/coca-cola-extends-a-friendly-hand-with-nft-airdrops-on-polygon/ - Categories: Crypto, News-old - Tags: crypto, news Big brands keep furthering their Web 3. 0 vision at every chance, and Coca-Cola is no different. On August 7, 2022 (International Friendship Day), the company revealed airdropping exclusive digital collectibles to each of its fans who have been a part of its metaverse journey through the past year. Inspired by bubbles The brand-new digital collectible is inspired by the bubbles floating inside a Coke bottle. As announced by Coca-Cola, the airdrop happened on 30 July 2022, with Polygon as the host chain. Created by Tafi—an avatar firm—the collectibles are meant to celebrate the spirit of Friendship. However, it was only yesterday that Polygon Studios tweeted about the fun aspect of these collectibles. According to the tweet, the digital collectibles launched by Coca-Cola are generative, first-of-their-kind, and entirely sharable. Each exclusive NFT will have a share-to-reveal feature, urging recipients to maximize sharing to get a glimpse of the art. https://twitter. com/polygonstudios/status/1556331551759032321 It is to be noted that Tafi has previously collaborated with Coca-Cola to release Pride-themed digital collectibles on June 30, 2022. With the latest release, Coca-Cola plans on building its virtual ecosystem better. The sharable nature of the new NFTs is also expected to expand the brand’s fan community by making more people explore the open blockchain. Pratik Thakar of Coca-Cola believes that the new NFT airdrop on Polygon is a milestone opportunity for celebrating and thanking fans who participated in the company’s metaverse journey. The company has also mentioned that as the virtual community keeps growing, the collectible... --- ### Netflix’s Gray Man has a metaverse avatar > The Gray Man, an action movie starring Dhanush and Ryan Gosling, will now have a presence in the metaverse. Read more to know more - Published: 2022-08-08 - Modified: 2024-03-26 - URL: https://coinswitch.co/switch/crypto/netflixs-gray-man-has-a-metaverse-avatar/ - Categories: Crypto, News-old - Tags: crypto, news The Gray Man, an action movie starring Dhanush and Ryan Gosling, will now have a presence in the metaverse. Touted as Netflix’s most expensive movie, the spy thriller will feature on virtual reality platform Decentraland— with a recreated landscape for the users to play and interact with. Netflix has collaborated with The Electric Factory (a creative innovation firm) to put this initiative into motion. According to Netflix, the purpose of this move is two-fold: connecting with the fans virtually and promoting the movie in every way imaginable. Navigating the metaverse landscape The virtual form of The Gray Man is precisely a ‘Metaverse Mission’— involving a recreated labyrinth-like landscape. Players need to navigate the maze using their knowledge of the movie. Yet, the experience isn’t just a visual treat. Once you enter the labyrinth, you get to listen to an instructional video read out by none other than Ryan Gosling. You also keep hearing the movie’s original background music while soaking in the experience. With ‘The Gray Man,’ Netflix finally touches down in the metaverse, setting a precedent for other big brands. How was the reception and what are the possibilities? In the first week of going live, the virtual maze drew in 2,000 users. As of now, you can even connect your wallets upon completing milestones in the labyrinth, precisely for recording the time. Currently, the time to beat is 13 seconds. Players can also select wearables and add them to their wallets—putting the faith back in in-game assets. Netflix’s... --- ### Tiffany-branded NFTs sell out in 20 minutes flat > Tiffany unveiled the collection last Friday, only to see every NFTiff getting sold within the first 20 minutes. read more here - Published: 2022-08-08 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/tiffany-branded-nfts-sell-out-in-20-minutes-flat/ - Categories: Crypto, News-old - Tags: crypto, news UK jewelry firm Tiffany & Co launched its exclusive NFT-backed pendants on August 1, 2022. Making good on the announcement made on Monday, Tiffany unveiled the collection last Friday, only to see every NFTiff getting sold within the first 20 minutes. Each NFTiff— which happens to be a redeemable digital pass comprising the NFT, the physical pendant, the chain, and overheads— was sold for $50,000 (about 30 ETH). As of now, each NFT is trading at a minor 8% deficit or $46,000 (about 27 ETH), to be exact. The frenzied NFT sale did come as a surprise, especially when July saw a 30% dip in the NFT marketplace action compared to June figures. Also, the sale generated close to $12. 5 million for the company in revenue. What’s next? As reported in Switch last week, NFTiffs give the CryptoPunk holders exclusive rights to convert each purchased NFT into a physical pendant. According to the information available on Tiffany’s website, owners must redeem the NFTiff passes by August 12, 2022. Once redeemed, the custom physical pendants are to be delivered to buyers by early 2023. However, if owners flip the NFTiff before the pendant is shipped, they will lose the eligibility to receive it. What are buyers doing with their NFTiffs? According to the data available at NFTGo (a reputed tracker for NFT marketplaces), people are actively trading their NFTiffs. The 24-hour trading volume is close to 1. 06 million, up by 67%. Despite the minor dip in the floor price... --- ### Beanstalk bounces back, relaunches stablecoin > Beanstalk is a credit-based stablecoin project with BEAN being its native token. And it is making a comeback after a hack in April. - Published: 2022-08-08 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/beanstalk-bounces-back-relaunches-stablecoin/ - Categories: Crypto, News-old - Tags: crypto, news Hacked crypto projects are coming out stronger, and Beanstalk is one glowing example. Despite experiencing a catastrophic hack in mid-April, the Ethereum-based project finally relaunched its stablecoin initiative on August 6, 2022, exactly a year after its initial deployment. https://twitter. com/BeanstalkFarms/status/1555968374814846976   After losing close to $182 million in a governance hack and being on a four-month sabbatical, Beanstalk stablecoin protocol is finally back after receiving a unanimous thumbs-up from the community. What is Beanstalk? Beanstalk is a credit-based stablecoin project with BEAN being its native token. Billed as a game-changer for the stablecoin arena, Beanstalk was initially deployed on the Ethereum mainnet. The BEAN token is supposed to hold parity to the US dollar via an algorithm. However, instead of using collateral to back the algorithm, Beanstalk uses credit. As a project, Beanstalk plans to alter the future of trustless money by diverging from the traditional path of collateral-based stablecoin backing. What happened with Beanstalk and how did it stage a comeback? In April, a hacker exploited a weakness in Beanstalk’s armor, eventually hacking the ecosystem for $182 million. However, rebooting the vision started in May as Beanstalk began planning for a $77 million OTC (over-the-counter) credit line from investors. And despite another stablecoin having its own meltdown (we are talking about Terra), Beanstalk miraculously raised funds and staged a comeback. FAQs What is Beanstalk stablecoin? Beanstalk stablecoin is a type of crypto designed to maintain a stable value by pegging it to a specific asset or a basket... --- ### Crypto Market Update: 8 August 2022 > The broader crypto market has a positive start to the week, up by 1.66% at the time of writing. Read more know how the key cryptos are moving. - Published: 2022-08-08 - Modified: 2024-02-23 - URL: https://coinswitch.co/switch/crypto/crypto-market-update-august-8-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The broader crypto market has a positive start to the week, up by 1. 66% at the time of writing. Last week was about exploits during the weekdays, followed by a relatively quiet weekend with fewer action elements. As we enter the second week of August, the global crypto market cap has steadily increased to $1. 10 trillion  up by almost 1. 40% compared to Sunday. Key highlights Monday mornings usually set the tone for the entire week. Let us see what it means for the entire crypto space—by looking at some of the latest market indicators: The 24-hour market volume keeps dipping, down by a significant 8. 19% compared to the weekend. Bitcoin dominance has dropped since last Friday and is currently stable at 40. 37%. The Crypto Rupee Index (CRE8) has a flattish start to the week as it was seen trading at ₹3,013. 17 (as of 8 August, 8. 00 a. m. ), up by a marginal 0. 39% in the last 24 hours. Key coins Despite the tepid market action, several individual cryptos have surged as of publishing time. Airswap (AST), a reliable DeFi project, appears to be in the lead— registering unrealized gains of 17. 78%. Following AST is Loopring (LRC)— a layer-2 scaling solution of interest— up by 10. 08%, spurred by a 226% rise in daily trading volumes. Chainlink (LINK) and Cosmos (ATOM) are also seen outperforming the market, gaining 8. 80% and 6. 62% respectively. Among the CRE8 constituents, BTC and ETH... --- ### Crypto payment adoption on the rise among global hires: Deel Report > According to a recent report by Deel, there is a rise in the number of global hires wanting to be paid in crypto. - Published: 2022-08-05 - Modified: 2024-01-25 - URL: https://coinswitch.co/switch/crypto/crypto-payment-adoption-on-the-rise-among-global-hires-deel-report/ - Categories: Crypto, News-old - Tags: crypto, news According to a recent report by Deel, a global payroll solution provider based out of San Francisco, there is a rise in the number of global hires wanting to be paid in crypto. The State of Global Hiring Report surveyed over 1,00,000 contracts across over 150 countries. The report indicates that crypto payments comprise 5% of the global payment cycle. And despite the bear market, crypto withdrawals, in the form of payments, have remained steady (at 5%) for six months. As of now, the figure is synonymous with the payments released by Deel’s platform. What’s especially heartening is that only 2% of all payments withdrawn were in crypto for the better part of 2021 (that is, June–December). Keeping history in mind, affinity towards crypto payments has increased by almost 150%. What are the demographic trends? The report suggests that crypto payments are more popular among Latin American (LATAM) hires. LATAM-specific crypto acceptance is at 67%, followed by the Europe–Middle East–Africa region, where crypto adoption stands at 24%. Country-wise, Argentina leads crypto adoption. Argentina’s example represents the faith global hires—especially in regions with high fiat volatility—have in crypto. Which cryptos are most popular? According to the report, Bitcoin (BTC) is still the most preferred crypto for payments, with as many as 47% of those surveyed preferring it. Just behind BTC are USDC (at 29%) and Ether (ETH) (at 14%). Despite its frequent network outages, Solana (SOL) continues to enjoy the 4th spot with 8% adoption. Even though it is a standalone... --- ### Jack Dorsey’s Block beats Q2 projections despite falling BTC revenues > Jack Dorsey-led Block Inc., a market leader in digital payments, has reported a 29% bump in year-on-year earnings, despite BTC falling. - Published: 2022-08-05 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/jack-dorseys-block-beats-q2-projections-despite-falling-btc-revenues/ - Categories: Crypto, News-old - Tags: crypto, news Jack Dorsey-led Block Inc. , a market leader in digital payments, has reported a 29% bump in year-on-year earnings, posting $1. 47 billion in profit figures. And the cumulative revenue it generated ($4. 4 billion) beat the market estimate in Q2 by a billion. But the key thing to note is that it managed these numbers despite a slump in its Bitcoin (BTC) business. Block Inc. , which offers services to support the buying and selling of BTC, registered only $41 million in profit during the same period. The company attributed the slump to the lack of widespread customer demand and increased price volatility and emphasized that a drop in BTC profits doesn’t reflect the broader business significantly. Besides, the BTC profits in the subsequent quarters can also fluctuate, courtesy of mixed market sentiments. BTC-specific revenue and profit calculations The company’s BTC business generated $1. 79 billion in revenue but only $41 million in quarterly profits. And the profit figures are down 34% year-on-year, although the overall profit percentage grew by 29%. The drop in revenue means that providing BTC-related services to customers has become a high-cost gig. The broader uncertainty in the bear market also had a role to play. It is important to note that the Block also recognized a $36 million impairment loss on BTC holdings, digging a deeper hole in its BTC-specific revenue structure. Yet, that needn’t be an ominous sign. Because “impairment loss” signifies unrealized loss that every company needs to report on intangible assets... --- ### Crypto fundraising in 2022 H1 bests 2021 as a whole > Messari and Dove Metrics’ new crypto fundraising report has thrown up some interesting results with focus on CeFi, deFi, and NFTs. - Published: 2022-08-05 - Modified: 2024-01-04 - URL: https://coinswitch.co/switch/crypto/crypto-fundraising-in-2022-h1-bests-2021-as-a-whole/ - Categories: Crypto, News-old - Tags: crypto, news Messari and Dove Metrics’ new crypto fundraising report has thrown up some interesting results. The report by the provider of market intelligence products and the crypto fundraising database was released on 2 August 2022. The report shows that the crypto industry has already raised $30. 3 billion in funds, across 1,199 H1 funding rounds, so far in 2022. While there were only 1,313 crypto funding rounds, amassing a cumulative capital of $30. 2 billion, in 2021 as a whole. Why is this interesting? Last year, the crypto market was at its bullish best. Remember how close Bitcoin (BTC) came to the $69,000 mark in November 2021? It wasn’t so surprising that crypto firms were able to raise funds than when everyone was relatively optimistic. But the ability of the firms to raise this amount of capital ($30. 3 billion) in the first half of 2022 alone, despite the market slump and bearish headwinds, surely is. What are the funding trends so far? The 2022 H1 saw VCs going long on Centralized Finance (CeFi), Decentralized Finance (DeFi), and Non-Fungible Token (NFT) projects. Heavy investment volumes were also recorded in the crypto infrastructure space—an area that primarily deals in security and exploit prevention. While DeFi and NFT optimism was expected, the revelation that almost one-third or $10. 3 billion in funds were directed towards CeFi projects is surprising. Within the CeFi vertical, instances of early-stage funding surpassed Series-A and Late Stage deals. DeFi looked strong despite being a nascent space, with the... --- ### Tinder left swipes metaverse adoption, ghosts digital tokens > Tinder—a well-known dating platform—has decided to not go down the metaverse route. Keep reading to know more - Published: 2022-08-05 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/tinder-left-swipes-metaverse-adoption-ghosts-digital-tokens/ - Categories: Crypto, News-old - Tags: crypto, news Tinder—a well-known dating platform—has decided to not go down the metaverse route. Match Group, the company behind Tinder, has publicized the move as a corporate decision. For now, the company will be refraining from making fresh investments in the virtual space. The move comes days after Vitalik Buterin expressed skepticism about corporate metaverses. The decision to refrain from metaverse adoption flies in the face of Match Group’s acquisition of Hyperconnect (a startup in the Augmented Reality space) earlier, in 2021. On 2 December 2021, at the “Reuters Next” conference, the then CEO of Tinder, Renate Nyborg, had even opened up about exploring a virtual dating experience. No more digital tokens for Tinder Tinder’s digital asset endeavor (Tinder Coins) seems to have met a similar fate. Bernard Kim, the company’s newly appointed CEO, made the announcement regarding this. Slated for a Q3 launch and specifically created for in-app purchases, Tinder Coins could have unlocked several NFT-based opportunities for the dating giant. Despite being a step backwards, Kim believes that metaverse dating has the ability to be a game-changer, but there needs to be more clarity regarding the adoption rate and usability. Match Group has revealed that acquiring Hyperconnect contributed to a Q2 2022 operating loss of $10 million. The change of plans could thus be attributed to this. --- ### Meta widens its NFT rollout plan, adds wallet support > According to Meta Newsroom’s Twitter handle, Mark Zuckerberg has announced that Instagram is starting to roll out NFTs to a wider audience - Published: 2022-08-05 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/meta-widens-its-nft-rollout-plan-adds-wallet-support/ - Categories: Crypto, News-old - Tags: crypto, news According to Meta Newsroom’s Twitter handle, Mark Zuckerberg has announced that Instagram is starting to roll out NFTs to a wider audience. Zuckerberg-led Meta plans to foray into 100 additional countries spread across the Asia-pacific, African, Middle Eastern, and American regions. https://twitter. com/metanewsroom/status/1555197567532732417? s=21&t=fNWfzSTs9v0LLIXnj5wOXA Earlier, in May 2022, Meta first envisioned its NFT-based approach for Instagram. The initial plan was to test the concept with a handful of creators in the US. The test project included support for users looking to connect their digital wallets to Instagram profiles, tag creators and collectors, and share collectible statuses. Instagram already had over two billion active users across the globe back then, so the move drew a lot of attention. But the specifics of how Meta planned to transform that vision into reality were not clear until now. And the expedited rollout announcement is not the only thing that came to light today. Meta is also expanding its blockchain support for Instagram by allowing users to purchase NFTs from Ethereum, Polygon, and Flow. In addition, the company announced support for several third-party web wallets, including Trust, Dapper, MetaMask, and more. --- ### Crypto market update: 5 August 2022 > Friday begins with the crypto market in green—an uptick of 0.83% at release. The broader space looks robust for now. Read more to know: - Published: 2022-08-05 - Modified: 2024-06-06 - URL: https://coinswitch.co/switch/crypto/market-update-5-august-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news Friday begins with the crypto market in green—an uptick of 0. 83% at release. Despite the back-to-back breaches experienced between the 2nd and 4th of August, the broader space looks robust for now. Last week’s relief rally seems to have fizzled out, but the market cap holds steady at $1. 08 trillion—up by 0. 44% over the past 24 hours. Key highlights As we approach the weekend, it may be appropriate to take a closer look at some key figures that have revealed themselves this morning: Despite the marginal increase in the 24-hour market cap, the daily trading volume seems to have dipped by almost 5% as of 5 August 2022. Stablecoins seem to have contributed 92. 15% of the entire trading volume registered since yesterday. Bitcoin’s market dominance is at 40. 73%, down by 0. 43%, day on day. CRE8, India’s first onshore crypto index, was trading at ₹2,978. 40 (as of 5 August, 8. 30 am), up by 1. 77%, on a day-to-day basis. Key coins The top 10 crypto assets by market capitalization stayed put during the past 24 hours. They were able to keep steady due to the lack of actionable market-moving news or sentiments. While assets like Ethereum (ETH) and Ripple (XRP) gained close to half a percent, Binance Coin (BNB) managed to outperform the market with a day-on-day upmove of 3. 59% at release. Interestingly, not many top cryptos corrected a lot, showing that Thursday was more of a rangebound day for the market.... --- ### English football club to accept Bitcoin payments > The English football club, Oxford City will now be accepting Bitcoin (BTC) payments at its RAW Charging Stadium. Fans will be able to buy match tickets and pay for food and drinks using BTC. However, other traditional payment options are still available. - Published: 2022-08-04 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/english-football-club-to-accept-bitcoin-payments/ - Categories: Crypto, News-old - Tags: crypto, news The English football club, Oxford City will now be accepting Bitcoin (BTC) payments at its RAW Charging Stadium. Fans will be able to buy match tickets and pay for food and drinks using BTC. However, other traditional payment options are still available. The club has been able to offer BTC payments thanks to its multi-year sponsorship agreement with CoinCorner. Players will have a Bitcoin logo crested on the backs of their matchday shirts. This is not the first time that a football club has enabled Bitcoin payments, but Oxford City has become the first club to accept the crypto as payment while buying matchday tickets. Justin Merritt, director of football at Oxford City, said: “Embracing the latest technologies and innovations to ensure Oxford City FC can continue to operate as a self-sustaining club is a key part of our long-term objectives. ” “It’s not mandatory for people to engage with our new technology, but we believe, in time, paying via Bitcoin will become the new normal in English football. ” Merritt added. The adoption of Bitcoin as payment, and NFTs across football clubs is indeed increasing. Just last week, in New York, club Barcelona’s first-ever NFT was auctioned off for a whopping $693,000 at Sotheby’s. --- ### ENS domain registration surged in July; 3 lakh plus .eth unique addresses added > The number of Ethereum Name Service (ENS) domain registrations has skyrocketed. The total number of users registered in 2022 touched 1.89 million. Last month (July 2022), as many as 3,78,000 new .eth names were added to the Ethereum blockchain. - Published: 2022-08-04 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/ens-domain-registration-surged-in-july-3-lakh-plus-eth-unique-addresses-added/ - Categories: Crypto, News-old - Tags: crypto, news Ahead of Ethereum’s upcoming Merge, the number of Ethereum Name Service (ENS) domain registrations has skyrocketed. The total number of users registered in 2022 touched 1. 89 million. Ethereum Name Service is a name and look-up service built atop the Ethereum blockchain. It allows crypto users to create a human-friendly and easy-to-memorize Ethereum wallet address, like Jacob. eth. Last month (July 2022), as many as 3,78,000 new . eth names were added to the Ethereum blockchain. It also translated into higher revenue, with the protocol earning 5,400 worth of Ether, roughly around $6. 8 million, during the month. All of which will go to the project’s DAO. The number of ENS domain registrations has witnessed explosive growth since the start of this year. In February and March, the total registrations were 67,095 ENS and 85,272 ENS respectively. In May, 3,65,652 registrations were completed—328% more than the preceding month. (However, the count dropped to 1,22,237 ENS in June. ) With the increased investor interest in the context of the merger, the ENS ecosystem is also witnessing an increased level of activity. ENS token is one of the top-performing cryptos in the current bear market, and its price has skyrocketed by close to 80% in the last month. FAQs How many unique ETH addresses are there? As of the latest available data, the total number of unique Ethereum addresses is dynamic and subject to change. Ethereum's blockchain has witnessed cumulative unique addresses, new unique addresses per day, and active addresses, contributing to... --- ### Starbucks to integrate Web 3.0 into its popular rewards and loyalty program > Multinational coffeehouse chain Starbucks Corporation is preparing to launch a Web 3.0 rewards program. The company plans to unveil its roadmap for the program during its annual Investor Day event in Seattle, on September 13. - Published: 2022-08-04 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/starbucks-to-integrate-web-3-0-into-its-popular-rewards-and-loyalty-program/ - Categories: Crypto, News-old - Tags: crypto, news Multinational coffeehouse chain Starbucks Corporation is preparing to launch a Web 3. 0 rewards program. Starbucks CEO Howard Schultz made the announcement about Web 3. 0's role in the company’s rewards evolving program during the company’s Q3, 2022 earnings call on Tuesday, 2 August 2022. Few details are available currently, with the company keeping its plans under wraps for now. Starbucks plans to unveil its roadmap for the program during its annual Investor Day event in Seattle, on September 13. During the earnings call, Schultz reportedly said, “We have been working on a very exciting new digital initiative that builds on our existing industry-leading digital platform in innovative new ways, all centered around coffee and—most importantly—loyalty. ” He added: “The initiative will allow Starbucks to build on its current rewards engagement model while also introducing new methods of emotionally engaging customers. ” This isn’t the first time that the company is banking on Web 3. 0 to attract and retain a young customer base. Starbucks’ stint with blockchain tech in business processes started long ago with the “bean to coffee” traceability project to support the farmer community. Earlier, in May 2022, Starbucks announced that it would also be launching of its first NFT collection based on the brand’s “coffee art and storytelling. ” The company is also scheduled to roll out its “Starbucks Digital Community Web3” platform later this year. --- ### Crypto ATMs to reappear in Japan > On 2 August 2022, local crypto exchange firm Gaia Co. Ltd. has announced that it will soon roll out the ATMs—locally known as BTMs—in the country. - Published: 2022-08-04 - Modified: 2023-12-28 - URL: https://coinswitch.co/switch/crypto/crypto-atms-to-reappear-in-japan/ - Categories: Crypto, News-old - Tags: crypto, news After four long years, crypto ATMs will be relaunched in Japan soon. On 2 August 2022, local crypto exchange firm Gaia Co. Ltd. announced that it will soon roll out ATMs locally known as BTMs—in the country. Initially, the BTMs will be installed in Tokyo and Osaka, but Gaia plans to expand the network to other cities over the next 12 months by setting up 50 BTMs. If everything goes according to plan, the company aims to then up that number to 130 in the next three years. As per the plan, BTMs will support the withdrawal of Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). Users will be able to withdraw a maximum of $747 per transaction, and there will be a daily withdrawal cap of $2,243. The withdrawal caps are part of anti-money laundering compliance measures. To withdraw funds from BTMs, users need to obtain a special card from the company. Once this is done, users can send eligible crypto assets to the BTM via phone and then withdraw the amount in Yen. Japan is one of the most crypto-friendly countries in the world, and Bitcoin ATM made its debut in the country as early as 2014. However, due to unfavorable market conditions and the leading crypto exchange in the country being hacked, user interest in crypto ATMs dwindled and they were eventually shut down as a result. This is the first time any local crypto exchange has shown interest in launching BTMs in Japan. FAQs... --- ### US bill to clarify crypto regulations introduced > The Digital Commodities Consumer Protection Act of 2022 will define Bitcoin and Ether as digital commodities and has given powers to US Commodities Futures Trading Commission (CFTC) to regulate the digital commodities. - Published: 2022-08-04 - Modified: 2023-02-13 - URL: https://coinswitch.co/switch/crypto/us-bill-to-clarify-crypto-regulations-introduced/ - Categories: Crypto, News-old - Tags: crypto, news On Wednesday, US Senators Debbie Stabenow, John Boozman, Cory Booker, and John Thune introduced a new bipartisan bill to clarify which regulatory agency would have a larger role in the regulation of crypto assets and to plug the regulatory gaps in the country. The Digital Commodities Consumer Protection Act of 2022 will define Bitcoin and Ether as digital commodities and has given powers to US Commodities Futures Trading Commission (CFTC) to regulate the digital commodities. The bill mandates the regulation of digital commodity brokers, digital commodity custodians, digital commodity dealers, and digital commodity trading facilities, which are essentially crypto exchange platforms by CFTC. It gives CFTC the power to introduce rules for market participants and enforce them. Following in the introduction of the bill, Senator Stabenow said: “One in five Americans have used or traded digital assets—but these markets lack the transparency and accountability that they expect from our financial system. Too often, this puts Americans’ hard-earned money at risk. That’s why we are closing regulatory gaps and requiring that these markets operate under straightforward rules that protect customers and keep our financial system safe. If the bill is passed, it will force crypto companies to comply with all regulatory norms, prevent abusive trading practices, integrate advertising standards, and disclose information about the potential risk of trading with digital assets. Senator Boozman added: “This fast-growing industry is currently governed largely by a patchwork of regulations at the state level. That simply is not an effective way to protect consumers from... --- ### Crypto Market update: 4 August 2022 > In the last 24 hours, the total crypto market capitalization went up by over $22 billion and is currently hovering around $1.07 trillion. Support to the crypto market also came from upbeat US economic data and corporate earnings, which helped Nasdaq rise by 2.59%. - Published: 2022-08-04 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-4-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news Yesterday was a tough day for the crypto market. With security exploits in multiple blockchain platforms millions of dollars were lost, leaving market confidence shaken. And the Crypto Fear and Greed Index dropped by four points, to 30/100. However, despite these negative developments, there was no significant drop in crypto prices. Even Solana (SOL), which has been most hit by the recent hack, showed some resilience. In the last 24 hours, the total crypto market capitalization went up by over $22 billion and is currently hovering around $1. 07 trillion. Support to the crypto market also came from upbeat US economic data and corporate earnings, which helped Nasdaq rise by 2. 59%. Bitcoin and Ethereum’s outlook Bitcoin (BTC) continues to hover around its key support level of $22,910 and is trying to go higher. It needs to break above the $24,209 level to resume the uptrend. Multiple headwinds in the crypto market are hindering BTC’s upmove. The US non-farm payroll data and Bank of England’s expected 50 bps interest rate hike will be in focus today and tomorrow, and BTC and the broader crypto market will also take their cues from there.   Ether (ETH), on the other hand, has successfully broken above the resistive $1,617 level on the 4-hour chart and is providing strong support. As per the charts, the next logical target for ETH would be $1,697—that’s the next big resistance level. If it breaks above this level with strength, Ether may move closer to the $2,000 level... --- ### BTC’s slump leads to a surge in the number of Bitcoin wholecoiners > The number of BTC "wholecoiners"—Bitcoin wallet that holds a whole Bitcoin—surged by 40,000 since the June slump.  - Published: 2022-08-03 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/btcs-slump-leads-to-a-surge-in-the-number-of-bitcoin-wholecoiners/ - Categories: Crypto - Tags: crypto, news Despite Bitcoin (BTC) struggling to revisit the $24,000 level, the number of BTC "wholecoiners"—Bitcoin wallet that holds a whole Bitcoin—is increasing. The number of "wholecoiners" has surged by 40,000 since the June slump. Interestingly, smaller Bitcoin (BTC) investors seem to have found an opportunity to attain their goal of owning a whole Bitcoin amid the crypto slump. It's not just in June that the number of "wholecoiners" has increased. In fact, the number of BTC "wholecoiners" has been rising since January 31, when the BTC price was around $38,000, according to LookIntoBitcoin. However, the price of Bitcoin fell around 27% in May and 40% in June, and the same month saw 25,389 new wallets holding at least one whole Bitcoin. Although BTC's current price is $23,035, down by 64% from its all-time high of $64,400 in November 2021, the number of "wholecoiners" is at an all-time high of 891,346 as of August 1, 2022. Interestingly, the number of wallets holding more than 10 BTC, 100BTC, and 1000BTC has declined during the same period. The data shows that since May, wallet addresses with more than 10 BTC have increased only by a meager 600, addresses with more than 100 BTC have decreased by 125, and wallets with more than 1,000 BTC have decreased by 113. --- ### Gucci to accept ApeCoin payments in its US stores > Italian fashion giant Gucci has become the first major brand to accept ApeCoin (APE) payment. - Published: 2022-08-03 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/gucci-to-accept-apecoin-payment-in-its-us-stores/ - Categories: Crypto - Tags: crypto, news Italian fashion giant Gucci has become the first major brand to accept payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin (APE). Gucci customers in the United States can now purchase items in-store with APE. The payment infrastructure will be provided by BitPay, a firm that has helped big names such as AMC Theaters accept crypto payments in the past. The announcement was made through Gucci's Twitter account. However, this is not the luxury fashion brand's first foray into crypto. Gucci kicked things off earlier this year, in February, with the "SUPERGUCCI" NFT collection in collaboration with vinyl toy brand SUPERPLASTIC. In the following month, Gucci released the “Gucci Grail” NFT collection. In May, the company said it would accept 12 crypto assets as payment in 111 of its stores across North America. Big brands and companies have been entering the crypto space and Gucci’s latest move shows they are keen to explore the possibilities offered by Web 3. 0. --- ### Michael Saylor quits as MicroStrategy’s CEO > Michael Saylor is stepping down as CEO of MicroStrategy after the company reported a loss of $918.1 million in the second quarter. - Published: 2022-08-03 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/michael-saylor-quits-as-microstrategys-ceo/ - Categories: Crypto - Tags: crypto, news Business-software company MicroStrategy Inc. (MSTR), known for its aggressive investments in Bitcoin, said its co-founder Michael Saylor is stepping down as CEO. The company reported a loss of $918. 1 million in the second quarter, of which $917. 8 million was attributable to its bitcoin holdings. Saylor will transition to the role of executive chairman, effective August 8, 2022. Phong Le, the company’s president, will replace Saylor as chief executive. MicroStrategy’s quarterly revenues too fell short of Wall Street expectations, with revenue coming in at $122. 1 million compared to analysts’ estimate of $126 million. At the end of the second quarter, MicroStrategy's digital assets (comprised of about 129,699 bitcoins) were worth $1. 988 billion, reflecting cumulative impairment losses of $1. 989 billion. Saylor to oversee bitcoin-buying strategy Michael Saylor has served as chief executive and chairman of the board of MicroStrategy since he co-founded the firm in 1989. Under his leadership, MicroStrategy became a global leader in business intelligence and the first publicly traded company to adopt bitcoin. MicroStrategy said Saylor is still going to play a big role in shaping the firm’s future, and he will “provide oversight of the company’s bitcoin acquisition strategy as head of the board’s investments committee. ” “As Executive Chairman, I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations,” Saylor said in a statement. --- ### Solana wallets breached in multi-million dollar hack > Solana Network was hacked with 8000 crypto wallets attacked, wiping out millions. Follow CoinSwitch closely and will keep you updated on all Crypto news. - Published: 2022-08-03 - Modified: 2023-11-22 - URL: https://coinswitch.co/switch/crypto/solana-wallets-breached-in-multi-million-dollar-hack/ - Categories: Crypto - Tags: crypto, Solana Attention investors, traders, and Web 3. 0 BUIDLers! There has been a breach. A breach specifically affecting the Solana ecosystem for now! Solana-specific wallets— Phantom, Trust, and Slope have been the focal points of this attack. What’s happening with Solana? The ongoing exploit seems to be draining online wallets, with multiple users complaining about lost funds, almost $5 million in total. As of now, over 8000 wallets have been attacked. And it’s not just SOL that is being aimed at by the attackers. Several users have also reported losing their USDC tokens. Note: USDC tokens are SPL or Solana Program Library tokens and represent the assets that can live in Solana’s ecosystem. How did Solana wallets get compromised? While the exact reason for the exploit is still being investigated, initial trends suggest that the exploit is more of a mobile-specific issue tied explicitly to the Slope wallet. Consider this: every online wallet that resides on your phone requires a private key to allocate an address. The private key is the one that you need to be most concerned about. However, private keys aren't fixed, but a set of random numbers and figures generated primarily by the core hardware (mobile system) the wallet is on. Currently, the process of randomization specific to the mobile devices having these wallets functional seems flawed. Hence, the private keys are getting widely compromised, and concerned wallets are drained. Recent developments suggest that all the affected addresses originated from the Slope wallet applications. Some addresses were... --- ### Now, the Shiba Inu game has a name > Shiba Inu game is called Shiba Eternity, and it will be available on Apple’s App Store and Google Play Store. - Published: 2022-08-03 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/now-the-shiba-inu-game-has-a-name/ - Categories: Crypto - Tags: crypto, news The Shiba Inu team celebrated its second birthday in style, unveiling the name and logo of the much-anticipated game. The game is called Shiba Eternity, which will be available on Apple’s App Store and Google Play Store. The name Shiba Eternity was announced to the Shib army via the official SHIB Twitter account. The tweet also mentioned that Shib developers are working with PlaySide Studios, a video game developer located in Melbourne, Australia. PlaySide had previously worked with Pixar and Disney before partnering with the Shiba Inu team. While the team is also working “on a testing schedule” for the Eternity game, no details were provided about the release date. However, previous statements suggest that a September launch is likely. Will Shiba Eternity help SHIB rebound? Shiba Eternity is one of the most anticipated projects of the year. What’s more, the buzz in the crypto community, particularly in the Shib community, is whether the game release will help Shiba Inu (SHIB) ascend. SHIB has been on a price decline for over nine months. FAQs What is the Shiba Inu game called? As of our last knowledge update in January 2022, there isn't a specific Shiba Inu game that is universally associated with the Shiba Inu cryptocurrency (SHIB). The Shiba Inu cryptocurrency gained popularity as a meme token and has its own decentralized community. Does Shiba Inu have a game? However, the cryptocurrency and blockchain space is dynamic, and new projects and developments can emerge over time. It's possible that a... --- ### Goa police to tap into blockchain technology to improve record-keeping > The Goa police department to launch a paperless record-keeping system that will use blockchain technology to enhance security and transparency. - Published: 2022-08-03 - Modified: 2023-12-27 - URL: https://coinswitch.co/switch/crypto/goa-police-to-tap-into-blockchain-technology-to-improve-record-keeping/ - Categories: Crypto - Tags: crypto, news The Goa police department said it plans to launch a paperless record-keeping system that will use blockchain technology to enhance security and transparency. The pathbreaking transition is facilitated by 5ire, an Indian blockchain startup. In a statement released on August 2, the Goa police announced that it has signed a memorandum of understanding (MoU) with blockchain ecosystem 5ire to digitize its processes. The MoU was signed by SP Crime, Goa police, Nidhin Valsan, and Pratik Gauri, founder and CEO of 5ire. How will it benefit the Goa state police? The collaboration between Goa police and 5ire is more than just a transition to a paperless document and evidence storage system. It will establish a public-private partnership between 5ire and the Goa police to implement a smart policing solution which will improve transparency and efficiency. The initiative will help streamline procedures that will provide a more detailed account of all events for stakeholders. The MoU will also speed up the digitalization of offline systems. Not a first, though While the Goa state police partnership with 5ire is a new venture, it is not the first implementation of blockchain technologies by a police department in India. In December 2021, 5ire partnered with the Muzaffarnagar police to launch a pilot project to test the deployment of blockchain technology for maintaining transparent police records and evidence logging. Blockchain-based data storage service is expected to be a better alternative to centralized data storage servers. What’s more, it is commendable that a small state like Goa... --- ### Crypto market update: 3 August 2022 - Published: 2022-08-03 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-3-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The broader crypto market remains flat, with the top 10 cryptos having a mixed session. Bitcoin (BTC) failed to revisit the $24,000 level for the second consecutive session. Meanwhile, Cardano (ADA) and Solana (SOL) led the way down as August got off to a bearish start. Amid the gloom, Ethereum (ETH) was a rare bright spot, gaining over 2. 5% in the last 24 hours, which helped it to reclaim the $1,600 level. In the absence of specific cues for the crypto market, investors kept a close watch on US economic indicators. Following a string of disappointing economic data such as the second successive decline in quarterly GDP and the steep fall in US job openings, the crypto market continued to remain weak. The news of security breach at the Nomad token bridge that drained over $190 million of investor wealth also hurt market confidence. Top gainers and losers  Ethereum Classic (ETC), Synthetix Network (SNX), and Ethereum Name (ENS) are the top gainers in today’s session, rising 10. 33%, 8. 81%, and 8. 43%, respectively. Decentralized video delivery network Theta Network (THETA) which fell 10. 61% and yesterday’s top gainer Chiliz (CHZ), which dropped 10. 25%, are the laggards. Meanwhile, the Crypto Fear and Greed index, a measure of market sentiment and volatility, recovered slightly and moved to 34 levels, improving from yesterday’s 31 levels. Looking ahead, the market is expected to remain choppy because of the lack of triggers in the crypto market. Geopolitical developments, US economic data, and... --- ### FC Barcelona’s first-ever NFT sale nets $693,000 > FC Barcelona auctioned its first-ever NFT for $693,000 at a Sotheby’s auction in New York on July 29. - Published: 2022-08-02 - Modified: 2023-12-19 - URL: https://coinswitch.co/switch/crypto/fc-barcelonas-first-ever-nft-sale-nets-693000/ - Categories: Crypto, News-old - Tags: crypto, news FC Barcelona, one of Europe’s most prestigious football clubs, colloquially known as Barca, auctioned its first-ever NFT for $693,000 at a Sotheby’s auction in New York on July 29. Barca’s NFT titled In a Way, Immortal is a video digital artwork showcasing Johan Cruyff’s iconic goal against Atlético Madrid on December 22, 1973. Johan flew through the air to score a goal against the football club. The auction was closed at $550,000, but with the addition of the auctioneer’s fees, the total sale value came to $693,000. The buyer has also purchased four other NFTs, including the animated version's static image that captures the iconic moment. FC Barcelona is offering the title of Barca Digital Ambassador to the owner of the NFT, in addition to several VIP benefits and experiences with the club. “FC Barcelona will incorporate in the NFT’s smart contract a set of experiences such as Meet & Greets, visits to La Masia, hospitality rights (for a minimum of five years), the right to play at the Spotify Camp Nou, and an official handover of the ball before a friendly match,” the press release from the club stated. FC Barcelona also sold a quarter of its stake in FC Barcelona's Barça Studios to crypto firm Chiliz for around $100 million to create better NFT and metaverse experiences for its fans. FAQs What does NFT stand for Barcelona? NFT stands for "Non-Fungible Token" in the context of Barcelona. FC Barcelona, the soccer franchise, has delved into Non-Fungible Tokens, launching... --- ### Shot in the arm: Tether supply increases after steady decline > The circulating supply of Tether (USDT) has expanded after three months of steady decline. Total market cap from $65.8 billion to $66.33 billion, giving it a total market share of 43% among stablecoins. - Published: 2022-08-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/shot-in-the-arm-tether-supply-increases-after-steady-decline/ - Categories: Crypto, News-old - Tags: crypto, news In what could be seen as a sign of slow recovery in the crypto market, the circulating supply of Tether (USDT) has expanded after three months of steady decline. According to coinmarketcap. com, the first mint happened on July 29, 2022, followed by three more on July 30, 31, and August 2. The fresh new injections are small compared to the decline in the last three months, lifting the total market cap from $65. 8 billion to $66. 3 billion, giving it a total market share of 43% among stablecoins. source: coinmarketcap. com Before the start of the Terra-UST collapse, the market cap of Tether had touched a high of $83. 2 billion. Redemption pressure and market uncertainty led to the large-scale withdrawal of USDT, resulting in a 21% decline to a low of $65. 8 billion. During the period, Circle increased the market share of USDC stablecoin by taking its total circulating supply from $48. 5 billion to $55. 8 billion. It now commands a market share of 36% among stablecoins. The market share of stablecoins in the crypto market has reached an all-time high level of 13. 6%. Recently, Aave’s plan to launch an algorithmic stablecoin has received decentralized autonomous organization (DAO) approval. According to Aave’s founder Stani Kulechov, the stablecoin will be named GHO. It will be yield-generating, can be used to solve payment issues, and can be deployed as collateral for on-ground and online assets. --- ### Honduras woos tourists with Bitcoin payment option > Honduras has launched Bitcoin Valley to boost crypto tourism. The small tourist town will accept payments in Bitcoins, which is expected to boost tourism revenue for about 60 local businesses. - Published: 2022-08-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/honduras-woos-tourists-with-bitcoin-payment-option/ - Categories: Crypto, News-old - Tags: crypto, news Honduras, a small country in Central America that shares a border with El Salvador, has launched Bitcoin Valley to boost crypto tourism. Bitcoin Valley is the first bitcoin city in the country, located in the small Honduran tourist town of Santa Lucia. The small tourist town will accept payments in Bitcoins, which is expected to boost tourism revenue for about 60 local businesses. Tourists visiting the town will now have the option to make payments in US Dollars, Honduran Lempira, and Bitcoin. The Bitcoin Valley project is designed by Santa Lucia’s municipal government in association with Coincaes crypto exchange, Blockchain Honduras, and the Technological University of Honduras. Cesar Andino, owner of Los Robles shopping square in Santa Lucia said, “We have to globalize. We cannot close ourselves off from technology and we cannot be left behind when other countries are already doing it. ” How does it work? Practically speaking, customers who pay for goods and services in Bitcoin will be sending the coins to Coincaes crypto exchange. The exchange will instantly exchange the Bitcoin in local currency or USD and credit the amount to the merchant to avoid loss due to volatility. With the launch of Bitcoin Valley, Honduras joins the list of a handful of countries that legally allow people to pay for goods and services in cryptocurrencies. --- ### Europe leads in blockchain VC funding in Q2 - Published: 2022-08-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/europe-leads-in-blockchain-vc-funding-in-q2/ - Categories: Crypto, News-old - Tags: crypto, news Europe seems to be bucking the declining trend in global blockchain venture funding in the second quarter. According to a recent report from The Block Research, Europe recorded a 25% increase in funding in the April-June quarter compared with the previous three months. Europe’s gain is significant when compared to a 43. 4% fall witnessed in Asia and a 23. 8% decline in the US in the funding space during the second quarter. To put things in perspective, global blockchain venture funding in the second quarter declined by 22% to $ 9. 8 billion from $12. 5 billion during the January-March period. Yet, US retains the top spot in total funding Despite the 23. 8% decline, the US retained the top spot in total funding deals, with blockchain startups raising $5. 4 billion compared to Europe’s $1. 8 billion. Apart from Europe, Africa was the only other region that has witnessed strong VC funding participation, with a 189% increase in funding compared to the previous quarter. In Asia, blockchain startups raised close to $1. 79 billion. M&A deals soar on attractive valuations Merger and acquisitions (M&A) deals have increased amid the turmoil in the crypto market. In the first half of 2022, 212 M&A deals were completed, compared to 204 deals last year. According to the report from The Block Research, M&A transactions are likely to continue to increase because of the current market conditions. John Dantoni, a researcher at The Block Research, commented: “Since the private markets have started... --- ### Charles Schwab’s investment arm to launch crypto-themed ETF in the US > Schwab Asset Management, which has over $655 billion in assets under management, is set to launch its first crypto-themed exchange-traded fund (ETF) in the US. - Published: 2022-08-02 - Modified: 2023-12-26 - URL: https://coinswitch.co/switch/crypto/charles-schwabs-investment-arm-to-launch-crypto-themed-etf-in-the-us/ - Categories: Crypto, News-old - Tags: crypto, news Schwab Asset Management, which has over $655 billion in assets under management, is set to launch its first crypto-themed exchange-traded fund (ETF) in the US. According to the prospectus filed with the US Securities and Exchange Commission on July 29, 2022, the ETF will have the ticker symbol “STCE. ” The ETF is expected to start trading on the New York Stock Exchange around August 4. ETF will invest in firms that have investments in crypto The new ETF will not invest directly in crypto assets. Instead, it will have exposure to the crypto ecosystem by investing in companies that use digital assets as part of their business activities or have exposure to cryptos in the form of investments. The ETF will have exposure to companies such as MicroStrategy, Marathon Digital Holdings, SBI Holdings, CME Group, Nvidia, Paypal, Interactive Brokers, Hut 8 Mining, Coinbase Global, Silvergate Capital, and Hive Blockchain. The ETF fund will invest up to 20% of its net assets in non-listed securities. Low-cost ETF Charles Schwab claims this is the lowest-cost crypto-themed ETF currently available to investors with an operating expense of 0. 30%. Interestingly, the launch marks a change in stance for Charles Schwab chief executive Walt Bettinger who had his doubts about cryptos initially. In fact, Bettinger's reference to cryptos as hard-to-ignore assets in January 2022 signaled a different line of thinking. FAQs Does Schwab have a cryptocurrency fund? Yes, Charles Schwab offers the Schwab Crypto Thematic ETF (STCE), designed to provide exposure to companies... --- ### Crypto Market update: 2 August 2022 > August began on a weak note for cryptos as Bitcoin (BTC) and Ether (ETH) failed to break above their key resistance levels. The broader crypto market fell by over 4.2% in the last 24 hours. - Published: 2022-08-02 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-2-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news August began on a weak note for cryptos as Bitcoin (BTC) and Ether (ETH) failed to break above their key resistance levels. The broader crypto market fell by over 4. 2% in the last 24 hours. Lack of cues from the crypto market, weak economic indicators from the US, and recession fears kept investors on their toes. The Crypto Fear & Greed Index, a measure of market sentiment and volatility, also went down by two points in yesterday’s session. In the absence of any specific crypto-related triggers, the crypto market is expected to follow the price action of NASDAQ. Outlook for BTC, ETH In yesterday’s session, Bitcoin failed to break above the psychologically important $24K level, which would have cleared the path towards the $30K level. On the 4-hour chart, BTC is experiencing strong support at the $22,890 level, but is also witnessing strong selling pressure. A break below its immediate support level could lead the BTC price to drop to $22,180 and $20,740, the next two key support levels. source: tradingview. com Likewise, ETH is experiencing intense selling pressure and has dropped over 6% in the last 24 hours. On the 4-hour chart, it has broken below the key support level at $1,620. There is soft support at the $1,570 level, but if ETH fails to bounce back, it could drop down to the $1,500 level. source: tradingview. com Chiliz, Numeraire gain amid the gloom Despite the difficult market, there were some bright spots. Top-3 gainers in the last... --- ### Vitalik Buterin expresses skepticism about corporate metaverses > The latest tweets by Vitalik Buterin—co-founder of Ethereum—suggest that he seems to be skeptical about corporate forays into metaverses. - Published: 2022-08-01 - Modified: 2024-04-29 - URL: https://coinswitch.co/switch/crypto/vitalik-buterin-expresses-skepticism-about-corporate-metaverses/ - Categories: Crypto, News-old - Tags: crypto, news The latest tweets by Vitalik Buterin—co-founder of Ethereum—suggest that he seems to be skeptical about corporate forays into metaverses. Coming down hard on Meta’s attempt to create a metaverse, in particular, Buterin said that none of the metaverse-focused use cases are clear enough. “We don’t really know the definition of ‘the metaverse’ yet, it’s far too early to know what people actually want. So, anything Facebook creates now will misfire,” he argued. And Buterin wasn’t alone either. His remarks were made in response to a tweet by Dean Eigenmann—the co-founder of Dialectic. In the tweet, Eigenmann shared his doubts regarding the future of the metaverse adoption and went on to say that the days to come will see a shift away from VC funding. Image Source: Twitter There are many others like Buterin who believe that centralized metaverses—from the likes of Microsoft and Meta—might negatively affect some of the very fundamental concepts behind decentralized services. Buterin’s statement comes despite Meta having built several VR and AR applications for driving metaverse adoption. FAQs What is Vitalik Buterin famous for? Vitalik Buterin is famous for co-founding Ethereum, the second-largest cryptocurrency platform by market capitalization, known for its smart contract functionality. What languages does Vitalik Buterin code? Vitalik Buterin codes in various languages, including Python, JavaScript, and Java. How many coins does Vitalik Buterin have? Vitalik Buterin holds a significant amount of Ethereum (ETH), the cryptocurrency he co-founded. However, the exact number of coins he possesses may not be publicly disclosed. Who is... --- ### Cardano Vasil Upgrade delayed again > Initially scheduled to roll out on 29 June 2022, Vasil encountered seven bugs during the testing phase. Know more about this. - Published: 2022-08-01 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/cardano-vasil-upgrade-delayed-again/ - Categories: Crypto, News-old - Tags: crypto, news The developers responsible have decided to push back Cardano’s Vasil Upgrade rollout by a few weeks. Kevin Hammond, technical manager at Input Output (IOG), the Cardano development lab in charge of deploying the upgrade across the network, has released a statement to that effect. In his words, “There could be a few more weeks from where we are before we go to the actual Vasil hard fork. ” What is the Vasil Upgrade supposed to do? The upgrade is supposed to make the Cardano ecosystem more scalable. The fork-like upgrade will be backward-incompatible—meaning, there will be a permanent change in transaction validation and block production strategy. Why is the upgrade getting delayed? Initially scheduled to roll out on 29 June 2022, Vasil encountered seven bugs during the testing phase. The bugs meant that the upgrade required additional testing—which is why the official release date was pushed. The team is currently testing the Vasil upgrade for “inevitable issues” and planning fixes. Hammond believes that extensive testing is required and adds: “All users have to be ready to progress through the hard fork to ensure the smooth process, both for them and end users of the Cardano blockchain. ” Do we have a final date For now, there is no clarity on the final date of release. While IOG is taking the “a few more weeks” line, the ultimate decision will need to be taken after consulting Cardano’s decentralized app (dApp) development community. Until that happens, expect the ecosystem to go hard... --- ### Tiffany & Co. to present NFT-backed pendants > Jewelry firm Tiffany & Co. plans to launch NFT-backed diamond and gemstone pendants. The campaign is only for CryptoPunk holders. - Published: 2022-08-01 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/tiffany-co-to-present-nft-backed-pendants/ - Categories: Crypto, News-old - Tags: crypto, news Jewelry firm Tiffany & Co. plans to launch NFT-backed diamond and gemstone pendants. The campaign is being rolled out only for CryptoPunk holders. The NFT owners will be able to turn their art pieces into wearable custom pendants. The company has named it the “NFTiff” campaign (clever wordplay, indeed). The campaign is an example of yet another real-world application of NFTs and seems like a positive step towards greater NFT adoption. Back in April this year, the campaign was prompted by Alexandre Arnault, the vice president of Tiffany & Co. Arnault, who owns CryptoPunk #3167, offered a subtle teaser of the NFTiff campaign when he converted his NFT into a pendant and shared it on social media. How will the plan work? As part of the NFTiff campaign, Tiffany & Co. will release 250 online passes. CryptoPunk holders can purchase and redeem these passes to get a bespoke pendant design. Once the pendant is designed, the holders will get the corresponding NFT. As of now, each Cryptopunk holder can only purchase 3 NFTiff passes. How much will each NFTiff cost? As of now, every NFT is to be priced at 30 ETH, which is close to ₹41,70,810. This is the all-inclusive price. It includes the cost of the NFTiff pass, the custom pendant made of diamond or gemstone, the physical chain, and the shipping/handling overheads. --- ### Aave’s plan to launch an algorithmic stablecoin gets the DAO nod > Aave, a reputed DeFi protocol, is now introducing a new algorithmic stablecoin called GHO. Read more to know the concept driving it. - Published: 2022-08-01 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/aaves-plan-to-launch-an-algorithmic-stablecoin-gets-the-dao-nod/ - Categories: Crypto, News-old - Tags: crypto, news Aave, a reputed DeFi protocol, is now introducing a new algorithmic stablecoin called GHO. The proposal to introduce GHO was made on 7 July 2022, after which it was sent to Aave DAO—the governance body concerned—for approval. Aave DAO finally gave the plan a unanimous nod on 31 July 2022. As part of the three-day voting process, 5,01,000 AAVE tokens were received in favor of the proposal. Now that the vote has passed, the next step of creating the GHO stablecoin will involve the implementation of the AIP (Aave Improvement Protocol), a token creation standard. The Aave DAO will be in charge of administering the stablecoin upon release. What does the launch of GHO mean? At the launch, Aave’s founder Stani Kulechov said that the aim is to drive DeFi adoption on Ethereum’s Layer-2 solutions. The GHO stablecoins will be yield generating, can be used to solve payment issues, and will be deployed as collateral for on-ground and online assets. GHO is expected to function as an overcollateralized stablecoin. That means the crypto to GHO ratio will not be 1:1. But the exact collateral economics is yet to be released. With the upcoming stablecoin, Aave will soon join the elite list of stablecoin issuers, including MakerDAO. --- ### NFT sales drop in July; OpenSea still leads > NFT sales have dropped in July. Despite the NFT marketplace volume scaling new heights in January, July hasn't been all that good. Know more - Published: 2022-08-01 - Modified: 2023-09-19 - URL: https://coinswitch.co/switch/crypto/nft-sales-drop-in-july-opensea-still-leads/ - Categories: Crypto, News-old - Tags: crypto, news Despite the innovations and technologies on display, volumes across NFT marketplaces dropped significantly throughout July. As reported by The Block on 30 July 2022, the dropping marketplace action translated into subpar figures of $626. 11 million for the current month. This is a dip of almost 30% from June’s figures. Meanwhile, OpenSea continues to lead the market. It has brought in sales worth $484. 79 million—that’s nearly 78% of the July figures. Solana’s Magic Eden and Ethereum’s LooksRare NFT are close on OpenSea’s heels—having brought in sales volumes worth $81. 09 million and $28. 44 million, respectively. Image Source: The Block The drop in NFT trading in July isn’t a standalone event. The figures have been erratic for a long time after the space witnessed a euphoric January 2022 (recording $5. 63 billion in terms of valuation). February and March witnessed a gradual decline even though the market managed to redeem itself in April 2022—registering $4. 24 billion. Since April, NFT marketplace volumes have dropped systematically, with the lowest user curiosity and trading action in July. The impact of this drop has been felt across marketplaces, and OpenSea laid off nearly 20% of its staff on 15 July 2022. FAQs Why are NFT sales declining? he NFT market experienced explosive growth in previous years, leading to oversaturation. This saturation has led to a decrease in demand for NFTs, as buyers have more options but limited resources to invest in themIs selling NFT art legal in India? Selling NFT (Non-Fungible Token)... --- ### Crypto Market update: 1 August 2022 > We are expecting August to be a decent month of crypto. Here is how the crypto market looks on 1st of August 2022. - Published: 2022-08-01 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/market-update-august-1-2022/ - Categories: Crypto, Market Update - Tags: crypto, market update, news The broader crypto market has now started the week and the month of August on a flattish note, dipping by a mere 0. 63%. And CRE8—India’s first onshore crypto index—had a positive week of sorts. The index registered 8. 24% gains and is trading at ₹3,004. 02 at the time of release. Key coins While there were many highlights throughout July, a rally at Ether’s counter and Bitcoin (BTC) staging a comeback stood out. As of now, BTC and ETH (the biggest crypto players) are trading at $23,436 and $1,696, respectively. Despite the bear market, July saw BTC closing in on the best monthly gains since October 2021. October was when BTC saw immense price action, followed by a peak in November. On the other hand, Ether (ETH) was especially buoyant during the last two weeks of July. The rise was spurred by the clarity that has emerged on the timeline of the Merge (which is now scheduled on 19 September 2022), an eventful Ethereum Community Conference in Paris, and the successful completion of the 10th shadow fork (a basic merge test). Among other crypto assets, Filecoin (FIL) and Numeraire (NMR) have emerged as the top gainers of the day—having moved up by 26. 85% and 17. 63%, respectively. While Filecoin (a decentralized storage system) is up due to the healthy network stats released on 30 July by its team, Numeraire is seeing a crazy surge (over 1,500%) in daily trading volumes. Crypto Fear and Greed Index Meanwhile, the sentiment... --- ### 7 Slices of Ethereum Birthday Cake > The world’s second-largest crypto asset Ethereum celebrating its 7th birthday on the 30th of July. To know more details about Ethereum's birthday, follow the Coinswitch blog. - Published: 2022-07-30 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/7-slices-of-ethereum-birthday-cake/ - Categories: Crypto, Explainers - Tags: altcoins Today is when the world’s biggest altcoin turns 7! Ethereum has been the talk of the town ever since it launched back in 2015. It has spearheaded or contributed to every significant blockchain revolution that many of us invest in. So, we’d like to take this opportunity to give it the appreciation it deserves. What good is a birthday without cake? 🎂 Here are seven slices of the Ethereum birthday cake, each representing elements of Web3 that came into existence because of Ethereum. 🍰 Decentralised Finance DeFi is our first slice because some say ETH is the only reason it even became a thing. You see, Bitcoin is HUGE, but it can’t take Ethereum’s place because Bitcoin can’t do things Ethereum can. Ethereum isn’t just a crypto asset but a software development platform. E-commerce websites, decentralized banks, and dApps - stuff that’s the rage today are built majorly on Ethereum. The network had more than $150 billion locked in DeFi applications last year, with values only going up. The premise of the BUIDL movement, or the drive to keep developing real-world applications on the blockchain irrespective of price, is based on Ethereum’s strong foundations. 🍰 Smart contracts If Ethereum is the Hulk, smart contracts are the gamma rays - it’s the stuff that turns Ethereum from a soft-spoken, bespectacled blockchain to a superhero that fights consolidation of central authority. :) Smart contracts were first implemented on Ethereum. They form the basis for everything happening on the network today - from... --- ### Why Bitcoin prices don’t matter > In recent months, Bitcoin fell by 61% and created panic in the crypto market but it doesn't matter a lot, according to experts. Read and understand why Bitcoin prices don't matter. - Published: 2022-07-28 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/why-bitcoin-prices-dont-matter/ - Categories: Crypto, Explainers - Tags: bitcoin, investing In the last 7 months, Bitcoin fell by 61%. From a peak of more than $69,000 in November 2021, it dropped all the way to $26,700 by the end of May 2022. A $42,000 drop. The math tells us that a ₹1,00,000 investment in Bitcoin in November 2021 would be valued, going by those numbers, at just over ₹34,000 today (28 July 2022). That’s a lot of red tickers in a very short time. A lot of money is tied to crypto. Pocket money, life savings, and VC money. All of it. Such price falls could spell bad news for everybody. But do they? Source: TradingView We know it seems like the price of Bitcoin is the only thing that matters when you’ve got skin in the game. But that’s not true. Bitcoin is not just about mind-bogglingly large returns. It’s about something else entirely. What really matters Bitcoin blew up really fast. Everyone knows that. When it first started out, it promised to create a decentralized method to transfer money without involving banks. Samiksha, for example, would be able to send her friend lakhs of rupees in under 10 minutes from the remotest corner of the Earth without ever knowing what a SWIFT code is, or paying a single penny in charges. All she would have to arrange for was a computer and some Bitcoin. That’s pretty cool, right? This is the original utility of Bitcoin—the ability to transfer value without intermediaries. But sometime during the last couple of... --- ### Why are crypto assets so volatile? > Volatility is part of the basic nature of an asset. It helps to understand the crypto market on a daily basis. Read more about crypto volatility and its importance. - Published: 2022-07-22 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/why-are-crypto-assets-so-volatile/ - Categories: Crypto - Tags: crypto investing Can you imagine what it feels like if you’re holding ₹100 in your wallet, and its value suddenly drops to ₹60? You may have wanted to buy butter, but now plain bread will have to do. Then, just when you are reconciling to your fate, it jumps to ₹120, before plunging again. Feel those knots in your stomach? Well, that’s exactly how most traders feel almost every day, especially in the crypto market. That’s what volatility often does. Thankfully, not every asset or crypto is as volatile as the one in the example above. But why does it happen at all? And what exactly is volatility? Crypto volatility Volatility is part of the basic nature of most assets. The term “rollercoaster ride”—with all of its wild ups and downs—captures what crypto assets go through every day. That rollercoaster ride is what we call “volatility. ” Volatility is what makes the prices of assets go up or down, and it can depend on a variety of very specific factors—from something as basic and regular as the fact that crypto is digital to something as irregular as a hack. (Details on these factors come later in this article. ) But broadly speaking, volatility is related to demand and supply. To understand what that means, picture this: The ₹100 note you have in your wallet has turned vintage. It is the last note of its kind in the city, and people are fighting for it. The demand is insane. While the demand lasts,... --- ### Why you should invest in crypto in India > Check out the top reasons why you should invest in crypto, what are the benefits of investing, major risk factors, things to consider before investing, and other details. - Published: 2022-07-18 - Modified: 2022-09-19 - URL: https://coinswitch.co/switch/crypto/why-you-should-invest-in-crypto-in-india/ - Categories: Crypto, Explainers - Tags: investing In recent years, cryptos have largely outperformed various other assets, delivering significantly higher returns. Cryptos have also become quite popular, thanks to their decentralized nature and various use cases. Want to know what they are? You’ve landed on the right page, but first, let’s get the basics out of the way. What are cryptocurrencies? Cryptocurrencies are digital currencies that use blockchain technology to function. A crypto network doesn’t have a regulating or central issuing authority. Instead, it uses a decentralized system to record all transactions and cryptography secures them. Blockchain is the digital ledger that records all transactions linked to a range of assets. Access to the ledger is distributed among authorized users, and that’s what makes it decentralized. Cryptocurrencies can be used as a medium of exchange or as a store of value. Why are cryptos so popular? Cryptocurrencies are popular due to various reasons, some of which are listed below. Decentralization Cryptos are decentralized, which means they do not need third parties to get involved. People who own crypto can perform peer-to-peer transactions, but the location of these transactions cannot be traced. No banks are involved Traditionally, money is transferred through a bank, which charges an intermediatory fee. But in the crypto world, there are no banks. Here, the members of the blockchain network collectively act as an intermediary in exchange for minimal compensation. All you need is an android phone. Low fees Banks have various fees, such as transfer fees, processing fees, etc. However, transactions in the... --- ### Cryptocurrencies: How to invest in India > Learn about what is cryptocurrency exchange, difference between centralized and decentralized currency exchanges and how to select the right crypto exchange. - Published: 2022-07-13 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/cryptocurrencies-how-to-invest-in-india/ - Categories: Crypto, Explainers - Tags: investing Cryptocurrencies have captured the imagination of investors in the last few years. Investing in cryptocurrency might look easy until the time you have to choose from some 19,000+ cryptocurrencies currently in circulation. But help is at hand if you’re searching for the best cryptocurrencies in India. The following strategies should come in handy for you to zero in on the crypto of your choice. How to find the top cryptocurrencies to invest in India? Crypto-curious investors enter the investment game with the hope of making it big. For such investors, tried-and-tested cryptocurrencies such as Bitcoin and Ether are a good starting point. However, most eventually realize that investing in the top cryptos is far from simple and requires some hand-holding. Some important factors to keep in mind: Trading volume In crypto markets, ‘trading volume’ refers to the number of cryptos traded in the market. A cryptocurrency with low trading volumes suggests that it’s tougher to buy or sell. In contrast, a crypto with a high trading volume is likely to enjoy higher liquidity. When choosing to invest, pay attention to trading volume and avoid those without significant movement in volume. Bear in mind that when the trading volume is low, the lagging trend might suggest that the coin lacks real-world use or it might have been abandoned. A disclaimer, however, is that in cryptocurrency, trading volume can be manipulated since there’s no regulator such as the Nasdaq to record all trades. The lack of regulation encourages people or groups to... --- ### What are cryptocurrency exchanges? > Learn about cryptocurrency exchanges, the differences between centralized and decentralized currency exchanges, and how to select the right crypto exchange. - Published: 2022-07-12 - Modified: 2024-01-25 - URL: https://coinswitch.co/switch/crypto/what-are-cryptocurrency-exchanges/ - Categories: Crypto, Explainers - Tags: crypto, exchanges Think of your first day of school or college. You had a lot of questions swimming around in your head, yes? That’s how it is with anything new, but especially with crypto and crypto apps. We know, and we’ve got you. This is your one-stop guide on cryptocurrency exchanges—those platforms (apps and websites) you use to trade digital currencies such as Bitcoin, Dogecoin, and Ether. Such exchanges offer customers like you the tools they need to buy and sell crypto. They usually come with the added benefit of advanced security features. But how do they work, and how do you pick one? Centralized vs. decentralized currency exchanges A Centralized Exchange (CEX) for crypto is one where all transactions on it are managed by a central authority. A Decentralized Exchange (DEX), on the other hand, is based on blockchain technology. Such an exchange, therefore, does not rely on centralized control. Pros of CEXs Reliability: Only one organization manages the CEX at any given time. The company in charge holds the ledger and secures the data. It is responsible for executing the transactions. User-friendliness: Customers can easily convert their fiat money, such as dollars, directly into crypto on such platforms. So in that sense, they are quite user-friendly. However, the user interface and customer support make them especially favorable to newbie crypto dealers. Cons of CEXs Susceptibility to hacking: CEXs are relatively more susceptible to hacking. They hold the digital currency traded on the platform for a relatively short duration while the... --- ### What are NFTs? > NFT is a digital asset stored in a blockchain. Each NFT comes with its unique identification code and metadata. One use of an NFT is that it can represent the value of a product (art or otherwise) and can thus eliminate intermediaries. - Published: 2022-07-12 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/crypto/what-are-nfts/ - Categories: Crypto, Explainers - Tags: NFT, web3 NFTs had been in existence since 2014. But they shot into prominence after a whopping $174 million worth of NFTs changed hands in 2017. Now that they have our attention, it’s important to ask: do we know and fully understand what they are? To begin with, a Non-Fungible Token (NFT) is a digital asset stored in a blockchain. Each NFT comes with its unique identification code and metadata. That is what makes them non-fungible—meaning, irreplaceable. So while anyone can buy and sell it using cryptocurrencies, an NFT is hard or impossible to replicate. Cryptocurrency investors can purchase NFTs from developers’ desks. What are NFTs and How do they work? NFTs mark the beginning of a conceptual shift from a physical asset to a digital representation of the asset’s value. One use of an NFT is that it can represent the value of a product (art or otherwise) and can thus eliminate intermediaries. By doing so, NFTs simplify selling. That’s why an NFT can provide content creators and artists the opportunity to develop and sell their masterpieces directly to clients. In addition to this, NFTs bring efficiency to identity management, fractional ownership of digital assets, safety, and the creation of new markets for underlying cryptographic assets. Art and content creators use blockchain technology to develop NFTs and find potential buyers in the distributed public ledger. The underlying blockchain technology allows creators to encrypt unique tokens to safeguard their designs or artwork before putting them up for sale. The art or content... --- ### What is Bitcoin Cash? > Read on to learn more about what is bitcoin cash and how does it works. Also check difference between BTC and BCH, pros & cons of Bitcoin Cash and how to buy BCH with coinswitch. - Published: 2022-07-12 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/what-is-bitcoin-cash/ - Categories: Crypto, Explainers - Tags: bitcoin Bitcoin Cash (BCH) is a cryptocurrency built on the same blockchain as Bitcoin (BTC), but it has certain distinct features. Bitcoin Cash was launched on August 1, 2017, via a Bitcoin hard fork, a radical upgrade of the protocol software. The move to create Bitcoin Cash required consensus by Bitcoin participants who felt the blockchain should process more significant volumes of transactions. But, since most nodes on the Bitcoin blockchain voted against changing the rules, a hard fork emerged, creating two new blockchain paths. Simply put, a fork (hard/soft) is what happens when there’s a change in protocol in a blockchain—creating divergence into two valid paths forward. Thus, while they share the same origins, Bitcoin and Bitcoin Cash are two different cryptocurrencies. History of Bitcoin Cash The origins of Bitcoin Cash can be traced to growing concerns that Bitcoin’s mainstream adoption defeated the goals of its proponent Satoshi Nakamoto. In Nakamoto’s vision, Bitcoin was supposed to grow and rival other payment platforms, delivering faster and cheaper peer-to-peer transactions. Though Bitcoin began in earnest, the surging number of transactions hampered its progress, in particular the pioneering crypto’s 1MB block limit that reduced transaction speeds. To solve the challenge, developers proposed an increase in the average block size to ensure that more transactions were updated in the system. The Bitcoin community became a house divided on the issue and amid a staking war, Bitcoin Cash was launched via a hard fork. During the launch, Bitcoin users who supported the change in protocol... --- ### What makes the crypto market different from the stock market? > Read all about the differences between cryptocurrencies and stocks including the agreements, the risks and the potential. Use this guide to learn what separates the two kinds of investments! - Published: 2022-07-12 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/crypto-market-vs-stock-market/ - Categories: Crypto, Explainers - Tags: investing Should one invest in stocks or crypto? This is a subject of ongoing debate among many investors. Both assets offer great value to portfolios, in different ways. Learning how the crypto market is different from the stock market will help you plan your investments wisely. What are stocks? Stocks, also called “equities,” are a type of financial security that gives the stockholder proportionate ownership in a company. If an individual purchases stocks, their investment represents their share in the respective organization. For example, you are entitled to Apple’s assets and profits after purchasing its stocks. Your ownership or share is limited to the amount of stock you own or buy. What is cryptocurrency? Cryptocurrency, also known as crypto, is a digital currency based on blockchain technology. The “crypto” part of the term is derived from the fact that this digital currency relies on cryptographic techniques to secure transactions. Since crypto is secured with cryptographic algorithms verifying and updating transactions, it can exist without central authorities such as governments or banks. Some popular cryptos include Bitcoin, Ethereum, and Dogecoin. They have found several applications today that allow higher security for money transfers. Similarities between crypto investing and stock investing As the demand for crypto kept rising, it caught the attention of investors who traditionally invested in stocks. While the assets are different, most investors realized that some stock investment techniques can also apply to crypto dealings. Some of the common spaces for crypto and stock investing are listed below. Continuous auction... --- ### Everything you need to know about short-term investments > Short term investments are marketable securities that can easily be liquidated within five years. Know more about various options with CoinSwitch. - Published: 2022-07-12 - Modified: 2023-10-03 - URL: https://coinswitch.co/switch/personal-finance/everything-about-short-term-investment/ - Categories: Personal Finance - Tags: investing, wealth management Investors enter and exit markets at all times, but the hallmark of a great investor is the ability to spot opportunities and make the most of them. As markets are inherently volatile, short-term investments have emerged as a popular option for investors to cash in quickly and avoid losses. If you’ve been considering a short-term investment, you’re in the right place. Here’s everything you should know about short-term investments and some of the best ones in the market today. What is a short-term investment? Also known as temporary investments or marketable securities, short-term investments can be converted into cash with ease. Short-term investment plans are thus highly liquid; they allow investors to reap the benefits much sooner than longer-term ones—usually in less than five years. For investors looking to meet short-term financial goals, this is a go-to choice. Why should you choose short-term investments? Two quick answers to the question in the title here: Quicker returns: One of the most significant and obvious perks of short-term investing is that they give investors returns early. Most long-term investment options require a longer maturity period, a feature that makes them restrictive to those looking to liquidate early. With short-term investments, liquidating is easy and the sell-off process may be initiated at any time. Fewer risks: Short-term investments allow profits to be made within short periods, reducing the risks associated with market volatility. Short-term investment decisions can be reversed within days. When markets are unstable, the short-term investor can cash out to avoid or... --- ### What is Web 3.0? > What is Web 3.0: Learn about Web 3.0 and how it works in cryptocurrency, the evolution of Web 3.0, Web 3.0 and blockchains, Web 3.0 applications, Web 3.0 use cases, and other details. - Published: 2022-07-12 - Modified: 2023-11-17 - URL: https://coinswitch.co/switch/crypto/what-is-web-3-0/ - Categories: Crypto, Explainers - Tags: future, web3 The advent of the World Wide Web transformed the way we went about our lives. We could access millions of web pages check our email at any time of our convenience, and consume live news 24x7. Then, we discovered that this was just Web 1. 0, and it was soon to be overshadowed by Web 2. 0. The latter saw web pages turn into interactive social platforms and user-generated content exploded with the emergence of powerful mobile devices and social networks. Now we are on the verge of Web 3. 0—possibly the most disruptive version. With it, we are getting closer to the future of the internet. Built on blockchain technology, the third version of the internet is set to reinvent cyberspace. And this article tells you how. Web 3. 0: What it’s all about Web 3. 0 is still shaping up, and as such, there is no single definition of what it means for us. But here are some characteristics that stand out: Decentralization: Web 3. 0 connects unique web addresses from multiple locations. Powered by advanced computers, blockchains, and energy, Web 3. 0 supports networks that are sustainable without a centralized authority. There’s no need for approval from the government or other authorities. It also disintegrates the control of internet giants such as Google and gives users more power. Artificial Intelligence (AI) and machine learning: Web 3. 0 relies on advanced technology. It is governed by powerful computers operating with algorithms that understand human behavior. AI and machines... --- ### Understanding Ethereum price prediction > Ethereum prices are very volatile. Changes in Ethereum prices can be disheartening. Here's a guide that will help you understand Ethereum price prediction. - Published: 2022-07-12 - Modified: 2023-11-07 - URL: https://coinswitch.co/switch/crypto/ethereum-price-prediction/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, ethereum Like all cryptos, Ethereum’s price is volatile. For newbies, changes in prices can be unnerving. You might even wonder whether crypto is a good investment if you can’t predict what is going to happen next. Luckily, you don’t have to stay up all night studying the markets to know when to trade. There are experts to analyze market signals and trends and predict Ethereum’s price actions. And of course, we are here to help you find out more about Ethereum price predictions, including forecasts for 2022 and 2025. What is Ethereum? Ethereum is a cryptocurrency developed by Vitalik Buterin, a programmer who drew inspiration from Bitcoin’s success. Buterin felt that the new financial technology was great, but the functions could extend beyond payment. As a result, he created Ethereum, a blockchain that creates peer-to-peer networks that support decentralized apps (dApps) and new tokens. As an open-source network, Ethereum primarily supports Ether, its native cryptocurrency. Ether or ETH is a useful crypto that plays a vital role in peer-to-peer payments, especially smart contracts. In blockchain networks, smart contracts play a vital role in ensuring that transactions are safe and secure. When Ether is used to create a smart contract, the transaction is transparent, traceable, and irreversible. How does Ethereum price prediction work? To be successful in any investment market, investors look for signals that indicate good performance. Signals are tips that keep traders updated and help them plan their trades, including the timing. Ethereum price prediction summarizes these market signals in... --- ### What is liquidity? > Financial liquidity refers to the ability to convert assets to cash, the fluidity of the market, or the security of a company's financial position. Read more about liquidity and how it works. - Published: 2022-07-12 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/what-is-liquidity/ - Categories: Personal Finance - Tags: investing, markets When an asset can be easily converted into cash, largely in accordance with its market price, it is said to have liquidity. Ideally, an asset’s exchange price should mirror its intrinsic value and be able to fetch the owner an equivalent amount in cash on sale. So if a house costs $30,000 in the real estate market, the purchase must get the owner an equivalent amount of cash. But that does not always happen. Such assets that cannot be sold for a reasonable value are said to be low on liquidity. The liquidity value of a collectible is determined by how quickly one can sell the asset and at what price. Understanding market liquidity Liquidity is the extent to which assets in a market can be bought and sold transparently and at a stable price. It applies to all kinds of markets—from stocks to real estate. Market liquidity usually calls for considerable trading activity. If the market has assets that are difficult to exchange for cash, it becomes “illiquid. ” There will be less investor participation, and the prices are prone to manipulation. Real estate is a prime example of a low-liquidity asset. Converting buildings and land into cash takes a relatively long period, compared to other assets, and prices can be unstable. On the other hand, stocks and cryptocurrency markets have high liquidity, which depends on the traders’ active participation on the trading floor. Crypto liquidity: What does it mean? Crypto liquidity refers to the ease or difficulty of converting... --- ### What is EIP-1559? How is it impacting Ethereum? > EIP-1559 is a proposal aimed at improving and increasing the transaction speed of Ethereum mining by using hybrid systems. Read to understand how will it affect ETH price. - Published: 2022-07-12 - Modified: 2023-10-23 - URL: https://coinswitch.co/switch/crypto/what-is-eip-1559/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins Ethereum Improvement Proposal (EIP-1559) is a proposal aimed at increasing the transaction speed of Ethereum mining by using hybrid systems. It is a part of the broad update known as the London Hard Fork, intended to make the transaction fee mechanism of the Ethereum market more predictable to users. The idea behind it was to improve the network security architecture. The need for EIP-1559 arose after the Ethereum team reduced the reward of miners from 5 ETH to 2 ETH. Before the reduction, miners could earn both the transaction fee and the reward. So, the reduction resulted in miners focusing on the transaction with the highest gas fees to increase their reward, which led to network congestion. On the other hand, transactions with low gas fees or low bids took much longer to validate. Users had to bid a bit higher for a transaction to be approved. With the EIP-1559 proposal, miners were awarded only block rewards after mining each block and for validating each transaction. Let us understand the main features of the EIP-1559 proposal. Base fee: This is the minimum gas price that any transaction must aim at for it to be involved in a blockchain. The base fee is the transaction fee filled by the transactor before any transaction can occur. The base fee sends information directly to the miners in the legacy transaction. Here, the users who tip the miners will likely get a quick validation compared to those who do not. Additionally, with EIP-1559, the... --- ### Bull vs. bear markets: An explainer > When it comes to understanding bull vs bear market, the right hand rule is Bull means growth while bear is just the opposite. Understanding when to invest is the key. Read more to know more! - Published: 2022-07-12 - Modified: 2023-09-14 - URL: https://coinswitch.co/switch/crypto/bull-vs-bear-market/ - Categories: Crypto, Explainers - Tags: investing, markets Think teddy bears, Winnie the Pooh, Paddington, or Baloo. The bears in pop culture are often cute and friendly. Not so with the market. The “bear markets” are dreaded by investors, and the “bulls” are welcomed. If you are new to investing and find the imagery and the terms confusing, we hear you. This simple explainer will help you understand what bull and bear markets are and how they affect investment decisions. What is a bull market? To begin with, call to mind the Charging Bull of Wall Street. The 3,200-kilogram bronze bull sculpture symbolizes the aggressive financial optimism and prosperity that one sees during a bull market. The financial market is driven by consumer confidence and optimism. These are at their highest in a bull market. A bull market is a period when investment prices are peaking steadily, which indicates that the economy is thriving. It is also a time of economic boom; there are more employment opportunities, and there is a thriving economy. A notable feature is that investors buy and hold on to assets in the bull market as the market is driven by increased buyer activity. An increase of at least 20% in 8 weeks indicates a bullish market trend. Why markets go up in a bull market Bull markets are born due to several factors. Let’s talk about some of them. Monetary stimulus Bull markets are born when there’s increased government spending in the form of rescue packages and stimuli. Governments loosen their purse strings... --- ### Top 5 smart contract projects in 2023 > Among all the new crypto projects, smart contract ones are the most interesting. So let’s dive in and find out the top 5 smart contract projects. - Published: 2022-07-12 - Modified: 2023-09-07 - URL: https://coinswitch.co/switch/crypto/top-5-smart-contract-projects/ - Categories: Crypto, Explainers - Tags: blockchain Among all the new crypto projects, smart contract ones are the most interesting. This is because, in the blockchain revolution, smart contracts supply the building blocks for decentralized applications (dApps). So let’s dive in and find out what they are and the best types available. What are smart contracts? A smart contract is essentially a contract written in code. It is designed to automatically carry out a set of specific instructions when some conditions are met. The conditions are predetermined with the consent of the parties of the contract. Smart contracts are great because they are: Secure: Records are secured through cryptography, so they cannot be altered. Transparent: Everyone can easily see what the terms of the contract are, and what it’s being used for. Autonomous: They work automatically, without human intervention. Accurate: Since smart contracts are written in code; they have fewer grey areas. Third-party free: With them, verification of transactions does not need a mediator. The blockchain takes care of it. They also remove the need to decode contractual interpretation. In doing so, they will transform the way we do business. The best smart contract crypto projects of 2023 1. Ethereum (ETH) Ethereum currently is leading the smart contract projects space with almost 57% of dominance and a market cap of $132 billion. To maintain its position, Ethereum is preparing to change its transaction verification mechanism, moving to a Proof-of-Stake (PoS) algorithm instead of the current Proof-of-Work (PoW) one. Why? Because the high fee is pushing developers and... --- ### What are Smart Contracts? > Smart contracts are programs that run on blockchains like Bitcoin & Ethereum to execute an agreement. Learn how they work & popular use cases, like as DeFi & NFTs - Published: 2022-07-12 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/what-are-smart-contracts/ - Categories: Crypto, Explainers - Tags: blockchain When we hear the word “contract,” most of us immediately picture lawyers and binding documents. But of late, contracts have evolved - Smart Contracts. Adopting technological capabilities, they have become “smart. ” The term “smart contract” describes a relatively new concept in blockchain technology, and most of us have many questions about it. Here’s an attempt at answering some of them. What are Smart contracts, in Simple Terms? Nick Szabo first proposed the idea of a smart contract in 1994. He defined them as “sets of promises specified in digital format. ” In his vision, smart contracts would transform the potential of electronic transactions by making them completely digital. Today, Szabo’s dream has become a reality thanks to blockchain codes. A “smart contract” is program which runs on a blockchain network to execute an agreement when all its terms are met. Smart contracts make it possible for transactions to be executed without the involvement of third parties. They use coding as a substitute for third parties. In that sense, they are automatic and self-executing. Why are smart contracts so important? On a blockchain, smart contracts play a vital role in securing transactions, reducing costs, and eliminating the need for third parties. The parties of the transaction set up the protocols or rules that govern it. For example, one party can complete a task, while the other promises to pay a certain amount for the service. Smart contracts are one step toward guaranteeing that both parties will meet the contract’s terms,... --- ### What is Dogecoin mining? > Dogecoin has become one of the top cryptocurrencies in the market. Read on for an exclusive guide on how to mine dogecoin and start your crypto journey. - Published: 2022-07-12 - Modified: 2023-10-23 - URL: https://coinswitch.co/switch/crypto/what-is-dogecoin-mining/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, blockchain Since its inception as a meme-based cryptocurrency, Dogecoin has made great strides. It started as a joke but soon grew in value and popularity. Today, it enjoys an enviable position among the top crypto assets. With Dogecoin attracting high-profile investors like Tesla CEO Elon Musk, the coin’s supporters, popularly known as the Doge Army, are growing in numbers. If you want to join them, one way to do it is by mining. How is Dogecoin mined? Dogecoin mining is how you earn DOGE coins while helping the blockchain get new data blocks—which contain records of transactions—validated. When a block of data is verified, it is added to the decentralized Dogecoin network. Dogecoin mining employs the Proof-of-Work (PoW) mechanism so that different computers/nodes (individual users or organizations) can compete to add new transactions to the blockchain. Miners use powerful computers to compete. Their goal is to create fixed code known as a “hash. ” Creating the hash is all about finding the next code in the chain, which often has an equal or lower value than that of the new block. It involves a lot of trial and error. Miners who successfully create the code get the freshly minted Dogecoin as a reward. The crypto reward motivates miners to participate, making it one of the most popular ways of creating Dogecoin. An analysis of Dogecoin mining reveals that it’s less competitive, less time-consuming, and burns only a tiny fraction of energy compared to Bitcoin mining. Types of Dogecoin mining processes Although... --- ### How to build a good investment portfolio > A good portfolio is the key to a successful investment strategy. Here, we offer a complete beginner's guide to investing, from how to start investing and choosing stocks to asset allocation. - Published: 2022-07-12 - Modified: 2023-09-22 - URL: https://coinswitch.co/switch/personal-finance/how-to-build-a-good-investment-portfolio/ - Categories: Personal Finance - Tags: investing, wealth management Investments are usually made keeping in mind the investor’s goals and risk tolerance. There are various ways to build a good investment portfolio based on your unique needs. We’ll cover some of them in this post. What is an investment portfolio, and why is it important? An investment portfolio is a mix of different funds and assets such as stocks or bonds. A good portfolio will help spread your money across different asset classes so that you’re protected even if one market slumps or one type of investment fails. Basically, it minimizes risk and maximizes returns in the long term. How do I make an Investment Portfolio?   Here are a few tips to help you build your investment portfolio 1. Identify your risk tolerance. Risk tolerance is the investor’s ability and willingness to take on risks. It is unique to each investor. Your risk tolerance indicates how much money you can safely afford to lose if things go wrong. Doing the math and factoring in your financial commitments in advance will make your investment journey less stressful. 2. Allocate your assets well. Once you assess your risk tolerance, it’s time to start allocating your assets. There are two main aspects to consider when doing so. Time horizon: How long do you plan on holding the investment? The longer your time horizon, the more likely stocks will outperform bonds and other fixed-income investments. This also means that if stocks drop sharply in value, they’ll have more time to recover. Income:... --- ### What is Bitcoin mining? > Bitcoin Mining is the backbone of the Bitcoin network. Without miners, there would be no Bitcoin or blockchain. This blog will introduce you to what Bitcoin mining is and how you can mine Bitcoin. - Published: 2022-07-12 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/what-is-bitcoin-mining/ - Categories: Crypto, Explainers - Tags: bitcoin, mining Like gold mining yields gold, Bitcoin mining is a way to earn a few bitcoins quickly. In a nutshell, it is how fresh Bitcoin is minted. It involves a miner competing to solve a computational puzzle. The person who succeeds first mines the Bitcoin. The good news is that computers do all the math; the miners simply have to keep their computers running during the mining process. Over the past decade, Bitcoin mining has developed into a sophisticated sport as individuals and corporations alike seek to take a bite of the crypto market. Bitcoin Mining and Blockchains The blockchain is a digital ledger supported by a decentralized network of computers (nodes). Information is recorded and stored on the blockchain network. On the other hand, Bitcoin is a cryptocurrency that uses blockchain technology. That means it is decentralized and operates without a central authority. Instead, Bitcoin relies on blockchain infrastructure, consisting of a network of connected computers. These interconnected computers act as repositories of information. Each of them has access to a record that is made accessible to all users, which guarantees that the record is immutable. All data on the blockchain network, including transactions, are added by miners by solving complex computational puzzles. The Bitcoin that is mined is the miner’s reward for their contributions to the blockchain. Who are Miners of Bitcoin, and Why Do They Exist? Bitcoin miners are volunteers who keep the network up and running by fulfilling roles that were traditionally filled by banks or governments.... --- ### How CBDCs and stablecoins will impact the crypto market > Learn about How will CBDCs and stablecoins going to impact the crypto market. What are the different types of CBSCs and Stablecoin and also difference between CBDCs and stablecoin. - Published: 2022-07-12 - Modified: 2024-02-08 - URL: https://coinswitch.co/switch/crypto/how-cbdcs-and-stablecoins-will-impact-crypto-market/ - Categories: Crypto, Explainers - Tags: markets, stablecoins Crypto is booming, but as an investor, it’s important to understand the alternatives—CBDCs and stablecoins. These alternatives are digital currencies like crypto, but there are some marked differences. This article will help you differentiate between them and understand the specifics. So What is CBDC? What is a CBDC? Cryptos in general are volatile investments. This has a lot to do with the fact that they lack government backing. CBDCs overcome this challenge as central banks back them. A Central Bank Digital Currency (CBDC) is a central-bank-backed electronic payment method. It can be used to make digital payments and store value for commodities such as gold and oil. The main aim of CBDCs is to provide businesses and customers with privacy, transferability, convenience, accessibility, and financial security. It also aims to reduce the outlay on the maintenance of standard system requirements and lower transaction costs, especially cross-border costs. Types of CBDCs There are two major types of CBDCs: Wholesale: Wholesale CBDCs are mainly used by financial institutions. In this type of CBDC, the central bank grants a financial institution an account to deposit funds or use interbank transfers while settling. The use cases of wholesale CBDCs extend to cross-border payments, where its application facilitates fast transactions. With these CBDCs, the speed and safety of transactions are guaranteed, generating economic advantages for all participants. Retail: The retail variety of CBDCs are government-backed digital currencies consumers and businesses use. They work by eliminating intermediary risks—the risk that private digital currency issuers might go... --- ### What is Bitcoin Taproot Upgrade, and what is its effect on investors? > The Taproot update means greater transaction privacy at efficiency and crucially, it will unlock the potential for smart contracts. Read more about Bitcoin Taproot upgrade and its impact on investors. - Published: 2022-07-12 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-bitcoin-taproot-upgrade/ - Categories: Crypto, Explainers - Tags: bitcoin, investing The Bitcoin Taproot Upgrade is one of the most critical events in the history of crypto. It increases the speed of transactions, so users can send and receive payments quickly. With the upgrade, Bitcoin can process over 1,000 transactions per second—a relatively high number compared to other cryptos. This article explains what the upgrade translates to in real terms. What is Taproot? Bitmain Technologies Ltd. , one of China’s largest Bitcoin mining companies, has developed a new version of the Bitcoin protocol called Taproot. Essentially, there are three major ways that the Bitcoin protocol can be modified to upgrade it—hard forks and soft forks. A hard fork changes the rules of how Bitcoin works without needing to update all users. A soft fork, on the other hand, keeps the current version working with older versions until the update is complete, so only those who wish for a new upgrade will have access to it when it happens. Taproot is the second kind of fork. Taproot tries to solve the problem of scaling and privacy—both of which have been considered Bitcoin’s most significant shortcomings since its release in 2009. It does this by integrating new features such as the Schnorr digital signature scheme. With this, the blockchain combines multiple signatures and transactions into one entity and verifies them as one, making transactions faster. It’s also an upgrade that aims to strengthen the confidentiality of transactions and make them more scalable by increasing size limits. Why was this upgrade needed? Before the... --- ### What is cryptocurrency mining? > The cryptocurrency mining process is now incredibly simple. In this article, we will cover how to mine cryptocurrencies such as Bitcoin, Ethereum, Doge and more. - Published: 2022-07-12 - Modified: 2023-11-28 - URL: https://coinswitch.co/switch/crypto/what-is-cryptocurrency-mining/ - Categories: Crypto, Explainers - Tags: crypto, mining Cryptocurrencies are a big hit in the financial world, and millions of investors have capitalized on their profit potential. Individuals with the technical know-how required may find crypto mining to be one of the most promising ways to profit from the crypto boom. If you’ve been thinking about cryptocurrency mining, you need to understand how it works, the best ways to mine, and the coins that offer the best returns. Continue reading to know how you should prepare yourself. What is Cryptocurrency Mining & How Does it Work? Cryptocurrency mining is essentially about updating the digital ledger—the blockchain—to record a transaction. Crypto miners lend their computing power to validate blocks of transactional data and update the ledger, which is accessible to all users. They are thus vital to the process. By contributing their computing power, miners prevent double spending and secure the network against unverified manipulation. Miners get newly minted coins as rewards for the work done. Cryptocurrency mining is thus the process by which new crypto is generated while transactions are verified on a blockchain. It is how the security of the blockchain is maintained. One feature of crypto is that it lacks a centralized authority, and mining is what makes it all possible. From a more technical viewpoint, cryptocurrency mining is the act of solving cryptographic equations using computers. During the mining process, computers in the network attempt to validate data blocks and record transactions in a ledger. This ledger, called the blockchain, contains decentralized and secure data.... --- ### How to buy Cardano in India > Cardano (ADA) cryptocurrency is a very popular coin which is listed on multiple exchanges. Learn how to buy cardano in India with this step by step guide at CoinSwitch. - Published: 2022-07-12 - Modified: 2023-11-21 - URL: https://coinswitch.co/switch/crypto/steps-to-buy-cardano-in-india/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, investing Among the top 10 cryptocurrencies in the market today is Cardano (ADA). It uses a Proof-of-Stake (PoS) algorithm to verify transactions and is therefore considered to be environment-friendly. Here's a detailed guide to buy Cardano in India CoinSwitch, India’s largest crypto aggregator, is one of the best options if you are thinking of buying Cardano. With an exchange rate that will surprise you and great ease of use, it is an option you must consider. Users simply need to follow the simple steps below to make the purchase. A step-by-step guide to buying Cardano on CoinSwitch Step 1: Download the CoinSwitch app - Best App to Buy Cardano in India If you are not able to find the app online, you can get the link to the app by visiting the official CoinSwitch website. As soon as you enter your mobile number there, the link to the app will be sent to you in an SMS. Step 2: Enter your mobile number for OTP authentication. To enhance security, you will be requested to create a PIN on the app. We suggest you use random numbers and not anything easy to guess. You will be automatically directed to the home page after setting up your PIN. Step 3: Complete your KYC. Filling out a Know Your Customer (KYC) form is mandatory and required by the government of India. To submit your KYC, go to the profile option on the bottom right corner and click on “user verification. ” Enter your name,... --- ### Is crypto banned in India? > Is crypto banned in India? Read on to learn more about Indian laws for buying crypto, taxation on crypto trading and other important details. - Published: 2022-07-12 - Modified: 2023-08-24 - URL: https://coinswitch.co/switch/crypto/is-crypto-banned-in-india/ - Categories: Crypto, Explainers - Tags: policy Is crypto banned in India? The chronicle starts in 2018, when the RBI banned banks and financial institutions from accepting crypto transactions. However, the order didn’t say much about people owning cryptos. And in 2020, the RBI order was struck down by the Supreme Court. Recently, there have been talks about introducing crypto regulations in consultation with stakeholders. In his address to the World Economic Forum, Prime Minister Narendra Modi stressed the need for a uniform global approach toward crypto. So, where does that leave the legal status of crypto? Crypto is unregulated In India and is not accepted as legal tender. Their legal status is complicated, but they aren’t banned. All of this is confusing to many. So this is us clearing things up. Differences between cryptocurrencies and legal tenders In most countries, the legal tender is the fiat currency. So in India, the legal tender is the Indian National Rupee. It is the currency issued by the government and used by the citizens to buy goods and services. Crypto, on the other hand, is not issued by the government. It operates independently of governments to a large extent. Bitcoin, the most famous example, emerged in 2009 during the global financial crisis. Since crypto is not a legal tender, it is not accepted as an official mode of payment in India. Is crypto banned in India 2022? Is Cryptocurrency banned in India? The answer to this question is not simple. There’s no law in the country that bans cryptos... --- ### How to buy TRON > Tron (TRX) cryptocurrency is very popular coin which is listed on more than 130 exchanges. Learn how to buy Tron with step by step guide at CoinSwitch. - Published: 2022-07-12 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-to-buy-tron/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, investing If you’re a fan of crypto, chances are that you’ve heard of Tron. And if you're looking to buy Tron in India, this is just the pace to be - you'll find everything in this comprehensive guide. Founded by Justin Sun in 2017, the Tron network, which works on decentralized technology, has surged in popularity in recent years and ranks 24th among crypto assets by market capitalization as of publishing time. Tron is special because it positions itself as a decentralized platform for content distribution (like Ethereum) while supporting one of the largest peer-to-peer networks. Cryptocurrency gurus often note that Tron closely resembles Ethereum. In fact, Tron was an Ethereum-based ERC-20 token before it launched its blockchain network. For developers, the Tron platform is useful for creating decentralized apps (dApps). To creators, Tron is a safe platform to maintain control of the data they create and a means to make money by direct selling to consumers. The Tron network is designed to revolutionize digital content sharing and entertainment. With its professed goal of decentralizing the Web, Tron is set to compete with other web giants such as Amazon and Netflix. On the Tron network, the currency used is Tronix or TRX. Users on the Tron network use TRX to pay content creators or to get access to their apps. How to Buy Tron Coin? Where to buy Tron? Investors with varying levels of experience follow different approaches while buying Tron. A safe way is to make use of crypto exchanges... --- ### What are memecoins? > Memecoins are cryptocurrencies that draw inspiration from internet jokes and memes. Read on to learn more about memecoins and how they work. - Published: 2022-07-12 - Modified: 2023-08-29 - URL: https://coinswitch.co/switch/crypto/what-are-meme-coins/ - Categories: Altcoins, Crypto, Explainers - Tags: altcoins, memecoins Memecoins are cryptocurrencies that draw inspiration from internet jokes and memes, and that’s where they get their name from. When they hit the market, they usually get popular quickly. And their popularity has to do with the fact that most of them adopt meme formats for branding. Like memes, which use images and witty phrases, memecoins come with a brand image that is captioned fun. For instance, Dogecoin’s logo, featuring the headshot of a Shiba Inu dog, often has humorous phrases like “wow much coin” and “how money so crypto” around it. The memes lend these crypto brands memorability and popular appeal. Memecoins are as strange as they are fascinating, and they can give you some sudden returns. Whether you’re here out of sheer curiosity or because you are considering investing in them, we have something for everyone in this brief introduction to memecoins. History of memecoins The origin of memecoins goes back to 2013 when two software engineers—Billy Markus and Jackson Palmer—created Dogecoin. Initially, Dogecoin was meant to merely poke fun at Bitcoin and other cryptocurrencies. It was even promoted as a “fun and friendly internet currency” and was meant to contrast other cryptos. But Dogecoin’s launch on 6 December 2013, attracted over a million users, an impressive community that affirmed its appeal. Dogecoin saw its first real spike on 19 December 2013, when it jumped over 300% in value in 72 hours. However, at the time, other major cryptos such as Bitcoin were reeling under China’s decision to... --- ### What is Bitcoin, and how does it work? > If you've heard of Bitcoin, but are not really sure what it is or how to use it, then this article is for you. Read to learn more about Bitcoin and how to buy it - Published: 2022-07-12 - Modified: 2024-03-29 - URL: https://coinswitch.co/switch/crypto/what-is-bitcoin/ - Categories: Crypto, Explainers - Tags: bitcoin, crypto Over the last decade, the demand for cryptocurrencies has skyrocketed. Crypto has caught the interest of speculators and seasoned investors alike. And amid all the hype, Bitcoin has secured a sweet spot in the popular imagination. In this article, we delve into the workings of Bitcoin. Because while it generates billions in profits, the pioneering crypto poses some significant environmental concerns. Understanding what is Bitcoin and how it works, is always the first step towards the 'DYOR' crypto philosophy. And you should always do your research before investing! What is Bitcoin made of? Bitcoin is not any other coin that you can carry around in your wallet. It’s a virtual currency programmed by thousands of individual programmers who believe in the concept of it. What is Bitcoin & Bitcoin investment? Bitcoin is a virtual currency or decentralized digital asset. It can be sent or received using blockchain technology in a peer-to-peer fashion. The term Bitcoin is also used to refer to the underlying blockchain network itself. (On this blog, we usually use Bitcoin when we are referring to the network, and Bitcoin when we are referring to the coin). Bitcoin has been revolutionary since its inception because it found a way to bypass the need for a centralized authority, like central banks, to transact. All the transactions are recorded on a public distributed ledger called a blockchain. All transactions can be tracked using this ledger. Who created Bitcoin? An unknown individual or group of individuals called Satoshi Nakomoto created Bitcoin... --- ### Different Types of cryptocurrencies > Understanding the types of cryptocurrencies can be daunting when there are 2000+ of them. Here's a complete breakdown of different types of coins for you. - Published: 2022-07-12 - Modified: 2023-10-05 - URL: https://coinswitch.co/switch/crypto/what-are-different-types-of-cryptocurrencies/ - Categories: Crypto, Explainers - Tags: altcoins, bitcoin Currently, more than 18,000 types of cryptocurrencies are in circulation in the market. The underlying blockchain technology helps generate different cryptocurrencies for diverse functionalities. In fact, cryptocurrencies are broadly classified based on three parameters—the way they are made, the way they are extracted, and their use case (exchange, Defi, or NFT). Talking about types of cryptocurrencies, a non-fungible token (NFT) is a unique digital asset that showcases possession of real-world items such as art, video clips, and music. Although they are not considered currencies, NFTs use the same blockchain technology that powers cryptocurrencies. Interestingly, you can make your own NFT too. It would be interesting to understand what Defi (Decentralized Finance) is. Contemplate this—Bitcoin embodies the value (like a fiat currency) that works on its blockchain. On the other hand, Defi allows you to lend, borrow, and trade in cryptocurrencies. To use an analogy, DeFis is similar to financial institutions such as banks. Types of cryptocurrencies Explained? Cryptocurrencies are further categorized as coins and tokens. Coins have their blockchain. On the other hand, tokens do not have their blockchain and are made on an existing one. For example, Ethereum is a blockchain, and ether is its inborn coin. However, a token such as BAT works on this blockchain. Coins serve as mediums of exchange, while tokens are assets. Tokens can be traded for their worth and even risked if you need to earn interest. Some examples of tokens are Chainlink, Uniswap, or Polygon. Bitcoin is, of course, the world's most... --- ### How much should you invest in Bitcoin? > Know more about how much you should invest in Bitcoin. Factors to consider before investing: where to invest, the minimum amount required, and other details. - Published: 2022-07-12 - Modified: 2023-09-12 - URL: https://coinswitch.co/switch/crypto/how-much-should-you-invest-in-bitcoin/ - Categories: Crypto, Explainers - Tags: bitcoin, investing Investing in Bitcoin is such a popular market trend right now. With some prior knowledge and understanding of the crypto market, you can turn your investment into a profit over the long term. To help you get there quicker, let’s talk about what’s a good amount to invest in BTC. Factors to consider before Investing in Bitcoin India 1. Risk tolerance All virtual currencies are volatile. They are also unpredictable to a large extent. And that applies to Bitcoin too. Consider investing only how much you can part with and won’t mind losing, in case the market crashes. If the idea of losing what you are thinking of pumping into the market makes you uncomfortable, consider it a sign that it would be better to reduce the amount. 2. Profit expectation Knowing how much to invest is also about knowing how long you want to hold and how much profit you want to make. It helps to consider how you would feel if you earned a huge profit on your investments only to lose it soon after. Think about the many investors who put their life savings into crypto during the 2017 boom and got rich in no time. Had they reinvested those profits (any many surely must have), the next crash would have brought them back to square one. You wouldn’t want to be in their shoes, right? That’s why it helps to define what your profit expectations are right in the beginning so that you don’t get tempted... --- ### The future of cryptocurrencies > Cryptocurrencies have emerged as an attractive investment option in recent years. Know more about the future of cryptocurrency and factors that could impact its future. - Published: 2022-07-12 - Modified: 2023-11-30 - URL: https://coinswitch.co/switch/crypto/future-of-cryptocurrency/ - Categories: Crypto, Explainers - Tags: crypto, future Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility. That makes many of us wonder what lies ahead. Will crypto replace fiat currencies such as the rupee and dollar, or will the two coexist? Analyzing the rise of crypto could be the first step toward understanding how the future of cryptocurrencies will evolve. So let’s start with that. Cryptocurrencies: A brief look at their rise Long before Bitcoin, there had been several attempts to create online currencies. As early as the 1980s, American cryptographer David Chaum introduced eCash, a precursor of Bitcoin that relied on cryptography to secure and verify transactions. But, it didn’t take off because of limited protocols and software. In 2008, a mysterious person (or group of persons) known as Satoshi Nakamoto—possibly a pseudonym—laid out a blueprint for a digital currency that could operate without any third parties. Shortly after, in 2009, Bitcoin was launched as open-source software. The first Bitcoin transaction, between developer Hal Finney and Nakamoto, ushered in a new era for cryptocurrency. The crypto market expanded over the next decade, and crypto graduated to a more mature phase. Around the same period, many new cryptos began to enter the market to challenge Bitcoin. Only a few could survive the extreme volatility in prices. The introduction of cryptocurrency exchanges gradually cemented the status of crypto as one could finally learn to trade and exchange fiat currencies for crypto coins. Cryptocurrencies and regulations Globally, the... --- ### How to choose a crypto trading platform in India? > Learn how to choose crypto trading platform in India. What are the things to consider before choosing? - Published: 2022-07-12 - Modified: 2024-03-27 - URL: https://coinswitch.co/switch/crypto/how-to-choose-your-crypto-trading-platform-in-india/ - Categories: Crypto, Explainers - Tags: crypto trading, exchange As the crypto market becomes more accessible than ever before, people must have the right tools to trade cryptos conveniently and securely. A trading platform is one such tool. The key to great trading is to pick a platform that’s right for your needs. The right platform can also be the difference between a smooth, hassle-free experience and a frustrating and potentially dangerous one. To pick the best app for crypto trading in India, it might help to first have a better understanding of what is crypto trading? . What is crypto trading? Crypto trading involves the exchange of one cryptocurrency for another. It also includes the exchange of crypto coins for fiat money such as US dollars. Crypto trading allows investors to make a profit or loss depending on whether their trade is successful. People trade crypto for several reasons: to earn an income, buy things with it, or invest in its future. It can be done through platforms known as crypto exchanges. These exchanges help investors convert their cryptocurrencies into fiat money and vice versa. This means that an investor can buy Bitcoin with fiat money and convert it back into fiat money later. How to trade in crypto in India? Crypto trading is one of the most lucrative skills to possess today. With a market value of more than $100 billion, Bitcoin is the most valuable cryptocurrency. The value of cryptos like Bitcoin is set to increase with time, and an ever-increasing number of people are looking... --- ### What is zero-based budgeting? > Zero-Based Budgeting is an easy and effective budgeting technique used for planning your personal finances. The template it provides can be of great help to people of all income brackets. - Published: 2022-07-11 - Modified: 2023-08-23 - URL: https://coinswitch.co/switch/personal-finance/what-is-zero-based-budgeting/ - Categories: Personal Finance - Tags: money management Whether you’re earning a few thousand rupees each month or millions, it helps to know how to plan your spending. Planning does not only help you make the present better, it helps secure your future too. Zero-Based Budgeting (ZBB) is an easy and effective budgeting technique you could use to plan your finances. The template it provides can be of great help to people of all income brackets. And companies find it useful, too. Companies like General Motors and Signet Jewelers use ZBB to reduce costs and justify spending on every item on their budgets. What is a zero-based budget and why is it important? Zero-Based Budgeting (ZBB)—also called zero-sum budgeting—is a way to budget that encourages you to use all your revenue, down to the last cent. It helps you plan your expenses based on needs and costs. ZBB starts from “point zero” or a zero base—from where all budgeting decisions are built—in every budgeting period. In every budgeting period, the person who wants to create the budget will thus have to start from scratch and take into consideration all expenses, including any savings or debt repayments that are due. This budgeting method ensures that all the monetary needs of the period are met and that the focus is again brought back to aspects that are important. Budgeting is done in such a way that in the end, you have no money left unused. How does zero-based budgeting work? This budgeting technique helps lower costs by not using the... --- ### What is crypto risk management? > When trading crypto there is a high probability you will experience significant losses, that's why crypto risk management has become a necessity. Here’s how to manage risk - Published: 2022-07-07 - Modified: 2023-10-18 - URL: https://coinswitch.co/switch/crypto/what-is-crypto-risk-management/ - Categories: Crypto, Explainers - Tags: crypto trading, risk “Investments are subject to market risks. ” That’s a disclaimer commonly associated with the stock market, but the cryptocurrency market is no exception. Market risk is a challenge all crypto traders face. Understanding risk management and its value is crucial for the success of crypto traders; those who fail to recognize the value of adhering to risk management strategies are likely to lose out. Read on to learn more about the different kinds of risks you too will face on your crypto trading journey and how you could manage them. What is risk management in crypto trading? Risk management refers to strategies a trader might use to manage losses and maintain a good risk–reward ratio. In the crypto market, which is notoriously volatile, risk management is especially crucial. Traders need sound risk management because it helps them gain an edge in trading on the good days. And when crypto turns volatile and prices drop by the minute, risk management can help traders keep losses at bay, making survival and eventual success possible. What is the importance of risk management?   Risk management is an important pillar of crypto trading; it supplements the trader’s larger strategy. When a trader has settled on a trading strategy that works for them—be it day trading or swing trading—they might feel a little too confident about the potential profits that their actions might fetch. Analyzing risks and managing them can help traders stay grounded and accept the reality that they can’t win on all trades.... ---